other material
confidence high
sentiment negative
materiality 0.75
Voya Q4 2023 alt investment income ~$0-10M, ~$45-55M below long-term expectations
Voya Financial, Inc.
- Alternative investment income & prepayment fees for Q4 2023 estimated at $0-$10M pre-tax, $45-55M below long-term expectations (before variable compensation).
- Long-term expectation: 9% annual return on alternatives; 10 bps annual contribution to yield from prepayment fees.
- Figures include general account alternative income and Investment Management segment capital returns.
- Preliminary estimates have not been audited; actual results may differ materially.
- Voya plans to release full Q4 earnings on February 6, 2024.