Voya Financial Q2 profit falls, adjusted EPS $1.51 vs. $2.46 a year earlier
Voya Financial reported second-quarter 2026 net income available to common shareholders of $90 million, or $0.97 per diluted share, down from $162 million, or $1.66, a year earlier. After-tax adjusted operating earnings fell to $140 million, or $1.51 per diluted share, from $240 million, or $2.46, mainly due to lower alternative investment income and about $40 million of pre-tax severance expenses, while total revenues declined to $1.9 billion from $2.0 billion. Management expects operating efficiency actions to offset the severance cost within two quarters and describes a robust outlook for the second half of 2026, but the filing gives no numeric guidance.
Key points
- Total revenues were $1,896 million for the three months ended June 30, 2026, versus $1,981 million a year earlier; income before income taxes was $34 million, versus $188 million.
- Retirement pre-tax adjusted operating earnings were $190 million, down from $235 million, though fee-based revenues rose 10% year over year.
- Investment Management pre-tax adjusted operating earnings rose 12% to $57 million, and assets under management were $377 billion as of June 30, 2026.
- Excess capital was approximately $150 million, and capital returns of about $200 million included a $150 million accelerated share repurchase completed at an average price of $78.97.
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 August 04, 2026.
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.