other material
confidence medium
sentiment negative
materiality 0.60
Voya Q3 alt investment income & prepay fees $22M-$32M, $24M-$34M below long-term expectations
Voya Financial, Inc.
- Alternative investment income and prepayment fees estimated at $22M-$32M pre-tax for Q3 2024.
- Amount is $24M-$34M below long-term expectations before variable and incentive compensation.
- Long-term expectation for alternative investments is a 9% annual return; prepayment fees contribute 10 bps annually to yield.
- Preliminary results are unaudited; final Q3 results to be released on November 4, 2024.