Voya Financial's 2025 net income falls

Overview

• Net income for full-year 2025 decreased slightly due to non-recurring gains and tax benefits

• Company generated $775 mln excess capital for 2025, up 19% yr/yr

Outlook

• Voya Financial did not provide specific numerical guidance for future quarters

Result Drivers

• RETIREMENT GROWTH - The Retirement segment's earnings increased due to the acquisition of OneAmerica, higher alternative investment income, and strong business execution

• INVESTMENT MANAGEMENT REVENUES - Investment Management saw higher fee-based revenues due to strong business momentum and positive capital markets

• EMPLOYEE BENEFITS IMPROVEMENT - Employee Benefits segment improved underwriting margins in Group Life and Stop Loss, despite a decline in premiums and fees

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 6 "strong buy" or "buy", 4 "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 is $86.00, about 11% above its February 2 closing price of $77.45

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

Press Release: ID:nBw3Q6q4Ya

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