Voya Financial Announces Third-Quarter 2019 Results

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Go back to Voya Financial Announces Third-Quarter 2019 Results

Voya Financial (VOYA) Misses Q3 EPS by 4c; Board Authorizes Additional $800M Share Buyback

November 5, 2019 4:19 PM EST

Voya Financial (NYSE: VOYA) reported Q3 EPS of $1.36, $0.04 worse than the analyst estimate of $1.40.

Third-quarter 2019 adjusted operating earnings1 of $0.81 per diluted share, after tax; Normalized for the following items, third-quarter 2019 adjusted operating earnings were $1.36 per diluted share, after tax:$(0.63) per diluted share, after tax, of unfavorable deferred acquisition costs and value of business acquired (DAC/VOBA) and other intangibles unlocking, which was largely driven by unfavorable annual assumption updates in Individual Life; and$0.08 per diluted share, after tax, of prepayment fees and alternative investment income above the companys long-term... More