Voya Financial, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
October 31, 2023 at 04:17 pm
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Voya Financial, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported revenue was USD 1,823 million compared to USD 1,345 million a year ago. Net income was USD 262 million compared to USD 180 million a year ago. Basic earnings per share from continuing operations was USD 2.35 compared to USD 1.7 a year ago. Diluted earnings per share from continuing operations was USD 2.29 compared to USD 1.57 a year ago.
For the nine months, revenue was USD 5,529 million compared to USD 4,375 million a year ago. Net income was USD 503 million compared to USD 316 million a year ago. Basic earnings per share from continuing operations was USD 4.62 compared to USD 2.79 a year ago. Diluted earnings per share from continuing operations was USD 4.31 compared to USD 2.55 a year ago.
Voya Financial, Inc. is a provider of workplace benefits and savings solutions and technologies. Wealth Solutions segment provides retirement plan solutions and administration technology and services to employers. Its products and services include full-service and recordkeeping-only defined contribution plan administration; stable value and fixed general account investment products; and services to promote the financial well-being and retirement security of employees. Health Solutions segment provides worksite employee benefits, Health Account Solutions, leave management, financial wellness and decision support products and services to mid-size and large corporate employers and professional associations. Investment Management segment serves both individual and institutional customers, offering them domestic and international fixed income, equity, multi-asset and alternative investment products and solutions across a range of geographies, investment styles and capitalization spectrums.