Strong Earnings and Growth in Wealth Solutions
Earnings for Wealth Solutions were up 30% year-over-year, with revenue growth and adjusted operating margin exceeding 2024 full year targets. Wealth Solutions generated $2 billion of defined contribution net flows in 2024.
Investment Management Success
Voya Investment Management's earnings were up 20% year-over-year, and the company achieved an organic growth rate above 4% for 2024, exceeding targets with positive net flows for four consecutive quarters.
Capital Return and Strategic Investments
Returned $800 million of excess capital to shareholders in 2024 through share repurchase and dividends. Closed OneAmerica transaction, adding $60 billion in assets and nearly $4 billion of spread-based assets under management.
Sconset Re Investment
Closed on an anchor equity investment in Sconset Re, providing an attractive investment return and strategic benefits, including growth in the annuities market and strengthening the relationship with Allianz.