Voya Financial, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
August 02, 2022 at 04:18 pm EDT
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Voya Financial, Inc. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported revenue was USD 1,519 million compared to USD 2,503 million a year ago. Net income was USD 68 million compared to USD 463 million a year ago. Basic earnings per share was USD 0.62 compared to USD 3.81 a year ago. Diluted earnings per share was USD 0.57 compared to USD 3.53 a year ago.
For the six months, revenue was USD 3,033 million compared to USD 546 million a year ago. Net income was USD 126 million compared to USD 1,627 million a year ago. Basic earnings per share was USD 0.88 compared to USD 12.71 a year ago. Diluted earnings per share was USD 0.8 compared to USD 11.84 a year ago.
Voya Financial, Inc. is a provider of workplace benefits and savings solutions and technologies. Wealth Solutions segment provides retirement plan solutions and administration technology and services to employers. Its products and services include full-service and recordkeeping-only defined contribution plan administration; stable value and fixed general account investment products; and services to promote the financial well-being and retirement security of employees. Health Solutions segment provides worksite employee benefits, Health Account Solutions, leave management, financial wellness and decision support products and services to mid-size and large corporate employers and professional associations. Investment Management segment serves both individual and institutional customers, offering them domestic and international fixed income, equity, multi-asset and alternative investment products and solutions across a range of geographies, investment styles and capitalization spectrums.