other material
confidence high
sentiment negative
materiality 0.65
Voya estimates Q1 alternative investment income $35M-$45M pre-tax, below long-term expectations by $8M-$18M
Voya Financial, Inc.
- Estimated Q1 2024 alternative investment income and prepayment fees: $35M-$45M pre-tax.
- That is $8M-$18M below long-term expectations (before variable/incentive comp).
- Long-term expectation: 9% annual return on alternatives; 10 bps annual yield from prepayments.
- Full Q1 earnings release scheduled for April 30, 2024; these figures are preliminary and unaudited.