8-K: Voya Financial Provides Preliminary Q2 Alternative Investment Income Update

Voya Financial, Inc. disclosed preliminary alternative investment income for the second quarter of 2025, estimated between $45 million and $55 million pre-tax, which is around long-term expectations.

Summary

• Voya Financial, Inc. provided preliminary alternative investment income estimates for the second quarter ended June 30, 2025.
• Estimated alternative investment income is between $45 million and $55 million pre-tax.
• This range is approximately $5 million below to $5 million above the company's long-term expectations.
• The long-term expectation for alternative investments is a 9% annual return.
• These figures include income from the general account and investment capital returns in the Investment Management segment.
• The company's official quarterly earnings release and quarterly financial supplement for the second quarter of 2025 are scheduled for August 5, 2025.
• The preliminary financial results are subject to material adjustments and have not been audited, reviewed, or compiled by the independent registered public accounting firm.

Sentiment

Score: 6

Explanation: The preliminary alternative investment income is largely in line with long-term expectations, though it carries the inherent uncertainty of preliminary figures and could be slightly below.

Positives

• Preliminary alternative investment income is estimated to be within or slightly above long-term expectations, ranging from $5 million below to $5 million above.

Negatives

• Preliminary alternative investment income could be up to $5 million below long-term expectations.
• The disclosed figures are preliminary and subject to material adjustments upon completion of financial closing procedures.
• The preliminary results have not been audited, reviewed, compiled, or performed any procedures with respect to by the independent registered public accounting firm.

Risks

• Actual financial results for the three and six months ended June 30, 2025, could be materially different from the preliminary estimates.
• Items identified during the course of preparing consolidated financial statements may require material adjustments to the preliminary financial results.
• Prospective investors should exercise caution in relying on this preliminary information and should not draw any inferences regarding financial or operating data not provided.
• These preliminary financial results are not necessarily indicative of the results to be achieved in any future period.

Future Outlook

The preliminary financial results are not necessarily indicative of the results to be achieved in any future period.

Management Comments

• Management states that the preliminary financial results presented have been prepared in good faith on a consistent basis with prior periods.

Industry Context

This disclosure provides early insight into a component of Voya's earnings, specifically related to alternative investments, which are a significant part of many financial services firms' portfolios. Such preliminary updates are common in the financial industry to manage expectations ahead of full earnings reports, especially when certain investment categories might deviate from long-term targets.

Comparison to Industry Standards

• NA

Stakeholder Impact

• Shareholders: Provides early, albeit preliminary, insight into a component of Q2 earnings, which could influence investment decisions.
• Investors: Offers a partial view of financial performance ahead of the full earnings report, requiring caution due to its preliminary nature and potential for material adjustments.

Next Steps

• Completion of financial closing procedures for the three and six months ended June 30, 2025.
• Release of the company's quarterly earnings and quarterly financial supplement for the second quarter of 2025 on August 5, 2025.

Key Dates

Recommendation

Keywords

Voya Financial, Alternative Investments, Preliminary Earnings, Investment Income, Financial Services, Asset Management, Q2 2025