Voya Financial (VOYA) Misses Q1 EPS by 5c

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Go back to Voya Financial (VOYA) Misses Q1 EPS by 5c

Voya Financial Announces First-Quarter 2020 Results

May 5, 2020 4:15 PM EDT

First-quarter 2020 net income (loss) available to common shareholders of $(0.71) per diluted share, including a $0.93 per diluted share, after tax, loss from discontinued operations1 (which includes a $1.19 per diluted share unfavorable adjustment to the write down of assets of businesses held for sale to fair value less costs to sell) related to Voya's previously announced divestment of its Individual Life business and other closed blocks. Voya is required to remeasure the estimated fair value and loss on sale at the end of each quarter until closing.

First-quarter 2020 adjusted operating earnings2 of $0.83 per diluted share, after tax;... More