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Voya Financial, Inc. (NYSE:VOYA) reported Tuesday that its preliminary alternative investment income for the second quarter of 2025 is estimated to be between $45 million and $55 million before taxes. This range is approximately $5 million below to $5 million above the company’s long-term expectations, prior to variable and incentive compensation.
The company stated that these figures include alternative investment income from its general account as well as investment capital returns from its Investment Management segment. Voya’s long-term expectation for alternative investments is a 9% annual return.
These preliminary results were released ahead of the company’s scheduled quarterly earnings report and financial supplement for the period ended June 30, 2025, which are expected to be published on August 5, 2025.
Voya noted that the preliminary figures are management’s estimates and have not yet undergone financial closing procedures for the three- and six-month periods ended June 30, 2025. The company said that actual results may differ materially from these estimates. Additionally, Voya’s independent registered public accounting firm, Ernst & Young LLP, has not audited, reviewed, compiled, or performed any procedures with respect to these preliminary results and does not express an opinion or assurance on them.
The company cautioned that these preliminary results should not be considered a substitute for complete financial statements prepared in accordance with U.S. GAAP and are not necessarily indicative of future results.
The information in this article is based on a statement from Voya Financial’s SEC filing.
In other recent news, Voya Financial reported impressive financial results for the first quarter of 2025, with adjusted operating earnings per share reaching $2, surpassing the forecast of $1.63. Revenue for the quarter was $1.97 billion, slightly above the forecast of $1.94 billion. The company also completed a private placement of Pre-Capitalized Trust Securities, raising $600 million to enhance its liquidity and financial flexibility. Additionally, Voya Financial announced a partnership with Savi to improve its student loan debt solutions for workplace clients, aligning with provisions of the SECURE 2.0 Act.
In the realm of investment management, Voya announced leadership changes, with Eric Stein taking on an expanded role as chief investment officer. The company also revealed upcoming retirements and new appointments, including James Lydotes as the new Chief Investment Officer of Equities. Piper Sandler maintained an Overweight rating on Voya Financial, highlighting the company’s strategic initiatives and cash generation as positive indicators for future performance. Despite these advancements, Voya’s management remains cautious due to the uncertain macroeconomic environment.
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