other material
confidence high
sentiment negative
materiality 0.65
Voya pre-announces Q4 2024 alt income of $40M-$48M, $8M-$16M below long-term expectations
Voya Financial, Inc.
- Q4 2024 alternative investment income and prepayment fees estimated at $40M-$48M pre-tax.
- Amount is $8M-$16M below long-term expectations, before variable and incentive compensation.
- Long-term assumption: 9% annual return on alternatives and 10-bp annual contribution from prepayments.
- Preliminary results subject to change; full earnings release scheduled for February 4, 2025.