other material
confidence high
sentiment negative
materiality 0.55
Voya Financial estimates Q2 2024 alternative investment income $36M-$48M, below long-term expectations by $7M-$18M
Voya Financial, Inc.
- Pre-tax alternative investment income and prepayment fees estimated at $36M-$48M for Q2 2024.
- This range is $7M-$18M below the company's long-term expectations before variable compensation.
- Long-term expectation is 9% annual return on alternatives and 10-basis-point annual yield from prepayment fees.
- Full Q2 earnings results scheduled for release on July 30, 2024; numbers are preliminary and unaudited.