Voya Financial, Inc. (VOYA) 10-Year Financial Performance & Capital Metrics

VOYA • • Banking & Credit

Financial ServicesFinancial ConglomeratesFinancial Services ConglomeratesRetirement & Insurance Services

AboutVoya Financial, Inc. operates as a retirement, investment, and employee benefits company in the United States. The company's Wealth Solutions segment offers tax-deferred employer-sponsored retirement savings plans and administrative services; and individual retirement accounts, and other retail financial products and services, as well as financial planning and advisory services. This segment serves corporate, education, healthcare, and other non-profit and government entities, as well as institutional and individual customers. Its Investment Management segment provides fixed income, equity, multi-asset, and alternative products and solutions to individual investors and institutional clients through its direct sales force, consultant channel, banks, broker-dealers, and independent financial advisers. The company's Health Solutions segment offers stop loss, group life, voluntary employee-paid, and disability products through consultants, brokers, third-party administrators, enrollment firms, and technology partners to mid-sized and large businesses. The company was formerly known as ING U.S., Inc. and changed its name to Voya Financial, Inc. in April 2014. Voya Financial, Inc. was incorporated in 1999 and is based in New York, New York.Show more

Net Interest Income -$299M -0.3%
Total Revenue $0
Net Income $667M +6.7%
Return on Equity 11.06% -2.2%
Net Interest Margin -0.18% +3.8%
Efficiency Ratio -
ROA 0.42% +1.0%
Equity / Assets 3.67% -4.9%
Book Value per Share 59.24 +6.5%
Tangible BV/Share 43.66 +6.8%
Debt/Equity 0.60 +5.8%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Healthy dividend yield of 2.1%
✓Share count reduced 6.8% through buybacks
✓Trading near 52-week high
✓Trading at only 1.3x book value

✗Weaknesses

✗Weak NIM of -0.2%
✗Thin capital base

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-

5Y-

3Y-

TTM-

Profit (Net Income) CAGR

10Y-11.62%

5Y-

3Y-34.47%

TTM-11.71%

EPS CAGR

10Y-3.7%

5Y2.59%

3Y-28.11%

TTM-7.17%

ROCE

10Y Avg0.66%

5Y Avg0.63%

3Y Avg0.4%

Latest0.5%

Peer Comparison

Retirement & Insurance Services

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
VOYAVoya Financial, Inc.	7.45B	78.32	12.69			8.63%	12.22%	0.60

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Net Interest Income+	-469M	-390M	-264M	-264M	-212M	-186M	-224M	-183M	-298M	-299M
NII Growth %	-0.17%	0.17%	0.32%	0%	0.2%	0.12%	-0.2%	0.18%	-0.63%	-0%
Net Interest Margin %	-	-	-	-	-	-	-	-	-	-
Interest Income	0	0	0	0	0	0	0	0	0	0
Interest Expense	469M	390M	264M	264M	212M	186M	224M	183M	298M	299M
Loan Loss Provision	0	0	0	0	0	0	0	0	0	0
Non-Interest Income+	0	0	0	0	0	0	0	0	0	0
Non-Interest Income %	-	-	-	-	-	-	-	-	-	-
Total Revenue+	0	0	0	0	0	0	0	0	0	0
Revenue Growth %	-	-	-	-	-	-	-	-	-	-
Non-Interest Expense	-945M	-400M	-649M	-785M	-786M	-538M	-3.31B	-611M	-976M	-1.1B
Efficiency Ratio	-	-	-	-	-	-	-	-	-	-
Operating Income+	476M	10M	385M	521M	574M	352M	3.08B	428M	678M	799M
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	-0.41%	-0.98%	37.5%	0.35%	0.1%	-0.39%	7.76%	-0.86%	0.58%	0.18%
Pretax Income+	476M	10M	385M	521M	574M	352M	3.08B	428M	678M	799M
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	84M	-29M	687M	39M	-217M	-18M	-34M	-5M	-51M	57M
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	408M	-327M	-2.99B	762M	-360M	-206M	2.37B	510M	625M	667M
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	-0.82%	-1.8%	-8.15%	1.25%	-1.47%	0.43%	12.5%	-0.78%	0.23%	0.07%
Net Income (Continuing)	392M	39M	-302M	482M	791M	370M	3.12B	433M	729M	742M
EPS (Diluted)+	1.80	-1.63	-16.25	4.53	5.43	2.90	16.61	4.30	5.41	6.17
EPS Growth %	-0.8%	-1.91%	-8.97%	1.28%	0.2%	-0.47%	4.73%	-0.74%	0.26%	0.14%
EPS (Basic)	1.81	-1.63	-16.94	5.33	5.43	-1.24	17.92	4.71	5.74	6.31
Diluted Shares Outstanding	227.4M	202.7M	184.1M	168.2M	141M	127.4M	125.8M	110.2M	108.8M	101.4M

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash & Short Term Investments+	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Cash & Due from Banks	2.98B	2.23B	1.44B	1.57B	1.25B	1.72B	1.57B	1.01B	1.12B	1.51B
Short Term Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Total Investments+	99.9B	66.85B	68.51B	52.41B	11.4B	11.68B	11.49B	12.09B	11.74B	11.66B
Investments Growth %	-0.01%	-0.33%	0.02%	-0.24%	-0.78%	0.02%	-0.02%	0.05%	-0.03%	-0.01%
Long-Term Investments	7.11B	18.81B	54.78B	15.39B	-28.33B	-32B	-22.3B	-15.31B	-13.85B	-12.53B
Accounts Receivables	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Goodwill & Intangibles+	-	-	-	-	-	-	-	-	-	-
Goodwill	0	0	0	0	0	0	72M	327M	748M	748M
Intangible Assets	250.8M	0	3.37B	2.97B	0	0	97M	630M	857M	832M
PP&E (Net)	366.6M	0	0	0	0	0	0	0	0	0
Other Assets	113.89B	98.77B	96.41B	88.49B	151.16B	162.37B	143.41B	117.91B	128.48B	135.31B
Total Current Assets	2.51B	2.1B	4.62B	1.54B	44.71B	48.96B	49B	40.83B	38.69B	36.98B
Total Non-Current Assets	126.35B	117.79B	154.56B	106.85B	124.28B	131.56B	122.26B	105.77B	118.4B	126.91B
Total Assets+	218.22B	214.59B	222.53B	154.39B	168.99B	180.52B	171.26B	146.61B	157.09B	163.89B
Asset Growth %	-0.04%	-0.02%	0.04%	-0.31%	0.09%	0.07%	-0.05%	-0.14%	0.07%	0.04%
Return on Assets (ROA)	0%	-0%	-0.01%	0%	-0%	-0%	0.01%	0%	0%	0%
Accounts Payable	0	0	0	0	0	0	0	0	0	0
Total Debt+	10.42B	5.52B	4.51B	3.68B	3.52B	3.83B	3.48B	3.47B	3.43B	3.6B
Net Debt	7.44B	3.29B	3.07B	2.11B	2.27B	2.1B	1.9B	2.46B	2.31B	2.09B
Long-Term Debt	10.42B	5.52B	4.17B	3.68B	3.52B	3.83B	3.48B	3.33B	3.43B	3.2B
Short-Term Debt	0	0	337M	1M	1M	1M	1M	141M	1M	399M
Other Liabilities	191.53B	195.1B	206.55B	141.76B	155.31B	165.51B	157.97B	138.14B	147.6B	154.28B
Total Current Liabilities	201.33B	41.9M	755M	41M	1M	1M	1M	141M	1M	399M
Total Non-Current Liabilities	201.95B	200.62B	210.72B	145.44B	158.83B	169.34B	161.44B	141.47B	151.03B	157.48B
Total Liabilities	201.95B	200.27B	211.49B	145.45B	158.83B	169.34B	161.44B	141.61B	151.03B	157.88B
Total Equity+	16.28B	13.97B	11.04B	9.01B	10.16B	11.18B	9.82B	5B	6.05B	6.01B
Equity Growth %	-0.12%	-0.14%	-0.21%	-0.18%	0.13%	0.1%	-0.12%	-0.49%	0.21%	-0.01%
Equity / Assets (Capital Ratio)	-	-	-	-	-	-	-	-	-	-
Return on Equity (ROE)	0.02%	-0.02%	-0.24%	0.08%	-0.04%	-0.02%	0.23%	0.07%	0.11%	0.11%
Book Value per Share	71.57	68.91	59.96	53.54	72.06	87.74	78.07	45.34	55.63	59.24
Tangible BV per Share	-	-	-	-	-	-	-	-	-	-
Common Stock	2.7M	3M	3M	3M	2M	2M	1M	1M	1M	1M
Additional Paid-in Capital	23.72B	23.61B	23.82B	24.32B	11.18B	11.18B	7.54B	6.64B	6.14B	6.27B
Retained Earnings	-9.41B	-9.74B	-12.72B	-11.73B	-4.72B	-4.96B	-1.31B	-201M	505M	954M
Accumulated OCI	1.42B	1.92B	2.73B	607M	3.33B	4.9B	2.1B	-3.06B	-2.4B	-2.46B
Treasury Stock	-2.3B	-2.8B	-3.83B	-4.98B	-460M	-1.02B	-80M	-39M	-56M	-754M
Preferred Stock	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	3.25B	3.69B	1.58B	1.87B	1.31B	1.36B	22M	483M	1.14B	911M
Operating CF Growth %	-0.1%	0.14%	-0.57%	0.18%	-0.3%	0.04%	-0.98%	20.95%	1.35%	-0.2%
Net Income	538M	-298M	-2.77B	907M	-310M	-49M	3.13B	510M	625M	667M
Depreciation & Amortization	92.5M	98.6M	0	0	0	0	0	0	0	0
Deferred Taxes	-107M	-151M	814M	-81M	-318M	-9M	410M	-35M	54M	37M
Other Non-Cash Items	2.61B	2.75B	3.07B	1.07B	1.03B	88M	-3.29B	-97M	217M	112M
Working Capital Changes	38M	1.19B	355M	-120M	806M	1.24B	-317M	15M	113M	95M
Cash from Investing+	-4.27B	-3.68B	-2.43B	-282M	-1.25B	-2.46B	-327M	724M	-818M	-141M
Purchase of Investments	-8.9B	-9.89B	-6.49B	-7.57B	-6.54B	-6.95B	-8.11B	-53M	-16M	-7M
Sale/Maturity of Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Net Investment Activity	-	-	-	-	-	-	-	-	-	-
Acquisitions	-2.25B	516M	-80M	371M	-997M	-707M	-467M	708M	-592M	-60M
Other Investing	-1.86B	-2.54B	-3.09B	1M	-363M	-457M	1.08B	29M	-282M	-109M
Cash from Financing+	1.01B	389M	-349M	-1.76B	-121M	1.7B	-265M	-1.2B	-320M	-759M
Dividends Paid	-9M	-8M	-8M	-6M	-72M	-112M	-116M	-116M	-161M	-209M
Share Repurchases	-1.49B	-687M	-923M	-1.02B	-1.14B	-516M	-1.11B	-750M	-369M	-640M
Stock Issued	0	1M	3M	3M	3M	4M	4M	7M	0	6M
Net Stock Activity	-	-	-	-	-	-	-	-	-	-
Debt Issuance (Net)	1000K	-1000K	1000K	-1000K	1000K	-1000K	-1000K	-1000K	1000K	1000K
Other Financing	1.64B	1.42B	539M	-783M	701M	2.6B	1.19B	-40M	-47M	-44M
Net Change in Cash+	-18M	398M	-1.2B	-178M	-66M	603M	-570M	7M	-3M	11M
Exchange Rate Effect	0	0	0	0	0	0	0	0	0	0
Cash at Beginning	2.53B	2.51B	2.91B	1.72B	1.54B	1.54B	2.14B	202M	209M	206M
Cash at End	2.51B	2.91B	1.72B	1.54B	1.47B	2.14B	1.57B	209M	206M	217M
Interest Paid	179M	190M	174M	180M	159M	154M	157M	111M	111M	103M
Income Taxes Paid	78M	69M	0	1M	0	0	3M	14M	4M	5M
Free Cash Flow+	3.25B	3.69B	1.58B	1.87B	1.31B	1.36B	22M	483M	1.14B	911M
FCF Growth %	-0.1%	0.14%	-0.57%	0.18%	-0.3%	0.04%	-0.98%	20.95%	1.35%	-0.2%

Banking Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	2.34%	-2.16%	-23.93%	7.6%	-3.76%	-1.93%	22.57%	6.88%	11.31%	11.06%
Return on Assets (ROA)	0.18%	-0.15%	-1.37%	0.4%	-0.22%	-0.12%	1.35%	0.32%	0.41%	0.42%
Net Interest Margin	-0.21%	-0.18%	-0.12%	-0.17%	-0.13%	-0.1%	-0.13%	-0.12%	-0.19%	-0.18%
Equity / Assets	7.46%	6.51%	4.96%	5.83%	6.01%	6.19%	5.73%	3.41%	3.85%	3.67%
Book Value / Share	71.57	68.91	59.96	53.54	72.06	87.74	78.07	45.34	55.63	59.24
NII Growth	-17.48%	16.84%	32.31%	0%	19.7%	12.26%	-20.43%	18.3%	-62.84%	-0.34%
Dividend Payout	2.21%	-	-	0.79%	-	-	3.38%	15.69%	20%	25.19%

Revenue by Segment

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Health Solutions	-	-	-	-	-	-	-	-	-	3.58B
Health Solutions Growth	-	-	-	-	-	-	-	-	-	-
Investment Management	-	-	-	-	-	-	-	-	-	1B
Investment Management Growth	-	-	-	-	-	-	-	-	-	-
Employee Benefits	-	1.51B	1.66B	1.74B	-	-	-	2.45B	2.75B	-
Employee Benefits Growth	-	-	10.17%	4.69%	-	-	-	-	11.98%	-
Retirement	-	1.51B	750M	879M	-	-	-	993M	1.01B	-
Retirement Growth	-	-	-50.38%	17.20%	-	-	-	-	1.41%	-
Investment Management	-	627.3M	675M	663M	-	-	-	745M	924M	-
Investment Management Growth	-	-	7.60%	-1.78%	-	-	-	-	24.03%	-
Corporate	69.8M	-284.2M	-35M	-75M	-	-	-	-36M	28M	-
Corporate Growth	-	-507.16%	87.68%	-114.29%	-	-	-	-	177.78%	-
Distribution Fees	-	-	-	-	438M	399M	390M	-	-	-
Distribution Fees Growth	-	-	-	-	-	-8.90%	-2.26%	-	-	-
Individual Life	-	1.66B	1.7B	1.66B	-	-	-	-	-	-
Individual Life Growth	-	-	1.95%	-2.12%	-	-	-	-	-	-
Closed Block Variable Annuity	-	1.68B	-	-	-	-	-	-	-	-
Closed Block Variable Annuity Growth	-	-	-	-	-	-	-	-	-	-
Annuities	-	168.8M	-	-	-	-	-	-	-	-
Annuities Growth	-	-	-	-	-	-	-	-	-	-
Operatings	9B	-	-	-	-	-	-	-	-	-
Operatings Growth	-	-	-	-	-	-	-	-	-	-

Frequently Asked Questions

Valuation & Price

Voya Financial, Inc. (VOYA) has a price-to-earnings (P/E) ratio of 12.7x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

Voya Financial, Inc. (VOYA) grew revenue by 0.0% over the past year. Growth has been modest.

Yes, Voya Financial, Inc. (VOYA) is profitable, generating $611.0M in net income for fiscal year 2024.

Dividend & Returns

Yes, Voya Financial, Inc. (VOYA) pays a dividend with a yield of 2.12%. This makes it attractive for income-focused investors.

Voya Financial, Inc. (VOYA) has a return on equity (ROE) of 11.1%. This is reasonable for most industries.

Industry Metrics

Voya Financial, Inc. (VOYA) has a net interest margin (NIM) of -0.2%. NIM has been under pressure due to interest rate environment.

Voya Financial, Inc. (VOYA) has an efficiency ratio of 0.0%. This is excellent, indicating strong cost control.

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