Voya Financial Q4 net income falls to $93 million; full-year rises to $626 million
Voya Financial reported fourth-quarter 2024 net income available to common shareholders of $93 million, or $0.94 per diluted share, down from $118 million, or $1.10, a year earlier. For full-year 2024, GAAP net income rose to $626 million, or $6.17 per diluted share, from $589 million, or $5.42, but adjusted operating earnings fell in dollar terms to $736 million from $763 million, as higher loss ratios in Health Solutions offset gains in Wealth Solutions and Investment Management. The company returned $800 million to shareholders in 2024 and completed the OneAmerica retirement plan acquisition on Jan. 2, 2025.
Key points
- Fourth-quarter 2024 adjusted operating earnings were $138 million, or $1.40 per diluted share, compared with $174 million, or $1.63, in the fourth quarter of 2023.
- Health Solutions posted a fourth-quarter 2024 pre-tax adjusted operating loss of $102 million, compared with earnings of $44 million a year earlier, driven by higher Stop Loss loss ratios.
- The company returned $800 million of capital to shareholders in 2024 and had a remaining share repurchase authorization of $761 million as of Dec. 31, 2024.
- Voya will host a conference call on Feb. 5, 2025, at 10 a.m. ET to discuss the results.
The filing
Written by AI on Nov 8, 2026, 1:17 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on February 04, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.