earnings
confidence high
sentiment positive
materiality 0.75
Voya Q1 adjusted operating EPS $1.44; plans dividend hike to ~2% yield in H2 2023
Voya Financial, Inc.
2023-Q1 EPS reported
$0.63
revenue$1,835,000,000
- Net income available to common shareholders $0.63/diluted share; after-tax adjusted operating EPS $1.44.
- Excess capital ~$0.5B; capital generation >90% of adjusted operating earnings over trailing twelve months.
- Plans to increase dividend yield to ~2% in H2 2023 (subject to board approval) and resume share repurchases in Q2.
- Reaffirms 12-17% adjusted operating EPS annual compound growth target through 2024.
- CEO cites strong margins and diverse revenue streams; funded disability inclusion programs.