Voya Financial (VOYA) Misses Q2 EPS by 5c

Voya Financial (NYSE: VOYA) reported Q2 EPS of $0.78, $0.05 worse than the analyst estimate of $0.83.

Second Quarter 2015 Summary

• Retirement and Investment Solutions accounted for approximately 71% of Ongoing Business adjusted operating earnings before income taxes in the second quarter of 2015
• Retirement net inflows of $475 million
• Investment Management operating margin of 28.1%, excluding results from investment capital; net inflows of $0.2 billion, excluding $1.0 billion in variable annuity outflows
• Continued shift in Individual Life sales toward indexed universal life products, which accounted for 67% of the $23 million in total sales during the quarter
• Employee Benefits loss ratios of 74.0% for Group Life and 72.2% for Stop Loss, which were better than the expected annual range of 77-80% for both loss ratios
• Total AUM of $283 billion and total assets under management and administration of $484 billion
• Estimated combined risk-based capital (RBC) ratio of 482%7, which is above the company's target of 425%
• Debt-to-capital ratio excluding accumulated other comprehensive income (AOCI) of 21.5%
• Book value per share (excluding AOCI) of $56.338

For earnings history and earnings-related data on Voya Financial (VOYA) click here.

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