Voya Financial (VOYA) Tops Q2 EPS by 30c

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Go back to Voya Financial (VOYA) Tops Q2 EPS by 30c

Voya Financial Announces Second-Quarter 2020 Results

August 5, 2020 4:15 PM EDT

Second-quarter 2020 net income (loss) available to common shareholders of $(0.55) per diluted share, including a $0.72 per diluted share, after tax, loss from discontinued operations1 (which includes a $0.60 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.

Second-quarter 2020 adjusted operating earnings2 of $0.15 per diluted share, after tax;... More