Voya Financial Announces Second-Quarter 2026 Results

About this update from Voya Financial, Inc.

Voya Financial, Inc. (NYSE: VOYA) announced today its second-quarter 2026 financial results: Second-quarter 2026 net income available to common shareholders of $90 million, or $0.97 per diluted share. Second-quarter 2026 after-tax adjusted operating earnings1 of $140 million, or $1.51 per diluted share. Results included approximately $40 million of pre-tax severance expenses in Corporate related to targeted actions to improve operating efficiency and reduce ongoing operating expenses and a $15 million pre-tax loss from alternative investment results. The operating efficiency actions are expected to generate ongoing expense savings that fully offset this severance expense within the next two quarters. Excess capital generation of approximately $150 million, exceeding 100% of after-tax adjusted operating earnings, while capital returns of approximately $200 million through common dividends and share repurchases remained robust. Business results remained strong, driven by higher fee-based revenues, continued commercial growth and disciplined operating execution across the company. Strong underlying performance trends and benefits from expense actions support robust outlook for second half of 2026. Surpassed 10 million Retirement participant accounts and successfully completed integration of OneAmerica, demonstrating strong execution while enhancing our scale, capabilities, and long-term growth position in Retirement. “Our businesses performed well during the second quarter, reflecting continued commercial momentum, higher fee-based revenues and disciplined execution across the company,” said Heather Lavallee, chief executive officer, Voya Financial. “These results demonstrate the strength of our workplace-centered business model, and the complementary capabilities of Voya Investment Management, which together position us to meet a broader range of customer needs while delivering value for shareholders. Strong underlying performance trends across our businesses, together with benefits from actions we took this quarter to reduce ongoing operating expenses, support our confidence in a robust outlook for the third and fourth quarters of 2026." “We also completed the integration of OneAmerica in the quarter, an important milestone that strengthens our Retirement platform and expands our ability to serve customers while exceeding our financial goals for the acquis...

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