Voya Financial (VOYA) Misses Q3 EPS by 19c
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Voya Financial Announces Third-Quarter 2020 Results
November 4, 2020 4:15 PM ESTThird-quarter 2020 net income (loss) available to common shareholders of $(2.64) per diluted share1, which includes:
$(3.47) per diluted share, after tax, of unfavorable deferred acquisition costs and value of business acquired (DAC/VOBA) and other intangibles unlocking due to annual assumption updates that include a lowering of long-term interest rate assumptions from 3.75% to 2% and a lowering of the long-term equity rate assumptions from 9% to 8%; and $(1.11) per diluted share, after tax, income (loss) from discontinued operations2 related to Voya's previously announced divestment of its Individual Life business and other closed blocks.Third-quarter 2020 adjusted operating... More
