Voya Financial (VOYA) Tops Q4 EPS by 10c

Voya Financial (NYSE: VOYA) reported Q4 EPS of $1.32, $0.10 better than the analyst estimate of $1.22.

• Fourth-quarter 2018 net income available to common shareholders of $0.76 per diluted share
• Fourth-quarter 2018 adjusted operating earnings1 of $1.32 per diluted share, after-tax; Normalized for the following items, fourth-quarter 2018 adjusted operating earnings were $1.40 per diluted share, after-tax:
  • $(0.18) per diluted share, after-tax, of unfavorable deferred acquisition costs and value of business acquired (“DAC/VOBA”) and other intangibles unlocking; and
  • $0.10 per diluted share, after-tax and DAC/VOBA, of prepayment fees and alternative investment income above the company’s long-term expectations.

For earnings history and earnings-related data on Voya Financial (VOYA) click here.

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