Voya Financial, Inc. · NYSE:VOYA
Voya Financial — Raymond James 2026 Institutional Investors Conference
9 slides from Voya Financial's conference presentation, Mar 4, 2026
Slide 1: Raymond James 2026 Institutional Investors Conference
Raymond James 2026 Institutional Investors Conference 1
Slide 2: Forward-Looking and Other Cautionary Statements
Forward-Looking and Other Cautionary Statements This presentation and the remarks made orally contain forward-looking statements. The company does not assume any obligation to revise or update these statements to reflect new information, subsequent events or changes in strategy. Forward-looking stat
Slide 3: Investor Value Proposition
Investor Value Proposition A Scaled Financial Services Company with Durable, Diversified Businesses Diverse and complementary businesses with attractive returns Consistent and growing strong free cash flow Healthy balance sheet 3
Slide 4: Well Diversified and Synergistic Businesses with Scale
Well Diversified and Synergistic Businesses with Scale Competitive Advantages 18% Top five defined contribution provider² with Retirement significant scale, strong operating margins, and a fully integrated retirement platform $1.04 Billion 14% 2025 Adj. Operating Investment Globally diversified asse
Slide 5: Delivering Strong Returns and Generating Significant Free Cash Flow
Delivering Strong Returns and Generating Significant Free Cash Flow Voya Generates Strong Return on Equity1 High Free Cash Flow Generation2 18.6% 90% 17.4% 76% Voya Russell Small & Voya Russell Small & 2025 Mid Caps 3 2025 Mid Caps 3 1. Adjusted Operating ROE (ex. AOCI and NOL DTA). Please refer to
Slide 6: Healthy Capital Redeployment While Investing in Long-Term Growth
Healthy Capital Redeployment While Investing in Long-Term Growth Dividend Growth Aligned with a ~20% Active Share Repurchase Program has Dividend Payout lowered Share Count by 23% since 20211 $1.82 126 $1.70 110 109 101 97 $1.20 $0.80 $0.70 2021 2022 2023 2024 2025 2021 2022 2023 2024 2025 1. Weight
Slide 7: Strong Balance Sheet and Robust Financial Ratings
Strong Balance Sheet and Robust Financial Ratings Strong Capital Position2 High-Quality Investment Portfolio Robust financial ratings3 as of 12/31/25 as of 12/31/25 as of 12/31/25 413% RBC Ratio A+ (Above 375% Target) $400Mn A2 Excess Capital 27% A+ Financial Leverage Ratio 96%+ of Voya's general ac
Slide 8: Attractive Valuation Relative to Russell Indices
Attractive Valuation Relative to Russell Indices Earnings Power at a Attractive Valuation Versus Competitive Shareholder Yield Meaningful Discount1 Book Value1 in a Mid-Cap Context2 19.5x 8.1% 2.5x 4.4% 7.0x 1.0x Voya Russell Small & Voya Russell Small & Voya Russell Small & Mid Cap 3 Mid Cap 3 Mid
Slide 9: Investor Value Proposition
Investor Value Proposition A Scaled Financial Services Company with Durable, Diversified Businesses Diverse and complementary businesses with attractive returns Consistent and growing strong free cash flow Healthy balance sheet 9
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