Voya Financial reported second-quarter adjusted operating earnings of $1.51 per diluted share, with roughly $0.90 per share of drag from weak alternative investment returns and one-time severance costs. Management said retirement inflows, growing fee revenue, and improving employee benefits margins should make the second half meaningfully better. Retirement pulled in $8.1 billion of defined contribution net inflows, and investment management adjusted operating earnings rose 12% year-over-year to $57 million. Employee benefits showed a 5 percentage point improvement in aggregate loss ratios over the trailing 12 months, though the segment remains the smallest and least steady with $22 million in quarterly adjusted operating earnings.
Voya Financial IncQ2 EPS of $1.51 missed due to $0.90 drag from weak alternatives and severance costs.
