Overview

* Voya Q3 adjusted operating EPS grows nearly 30% yr/yr, driven by segment earnings growth

* Company generated over $200 mln excess capital in Q3, reflecting strong financial position

* Voya increases quarterly dividend by 4% to $0.47 per share, starting Q4 2025

Outlook

* Company confident in long-term growth due to strategic investments and strong balance sheet

Result Drivers

* RETIREMENT SEGMENT - Earnings growth driven by acquired business from OneAmerica and higher alternative investment income

* INVESTMENT MANAGEMENT - Higher fee-based revenues and net inflows contributed to earnings growth

* EMPLOYEE BENEFITS - Improved underwriting margins in Stop Loss boosted earnings

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 $2.13

Revenue bln

Q3 EPS $1.80

Q3 Net $272 mln

Income

Q3 $239 mln

Adjusted

Operatin

g

Earnings

Analyst Coverage

* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 6 "strong buy" or "buy", 5 "hold" and 1 "sell" or "strong sell"

* The average consensus recommendation for the diversified investment services peer group is "buy."

* Wall Street's median 12-month price target for Voya Financial Inc ( VOYA ) is $86.00, about 15% above its November 3 closing price of $73.14

* The stock recently traded at 7 times the next 12-month earnings vs. a P/E of 8 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)