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NEWS RELEASE Exhibit 99.1 PLAN INVEST PROTECT VOYA FINANCIAL Voya Financial announces first - quarter 2021 results NEW YORK , May 10 , 2021 - Voya Financial , Inc. ( NYSE : VOYA ) , announced today financial results for the first quarter of 2021 : • Net income available to common shareholders of $ 8.29 per diluted share . • • Adjusted operating earnings¹ of $ 1.70 per diluted share , after tax , including : о ° $ 0.66 of prepayment fees and alternative investment income above the company's long - term expectations and $ ( 0.17 ) of claims due to COVID - 19 . Repurchased $ 235 million of common stock and retired $ 75 million of debt . " During the first quarter , we delivered significant adjusted operating earnings per share growth as we executed our strategy and focused on serving the needs of our workplace and institutional clients , " said Rodney O. Martin , Jr. , chairman and CEO , Voya Financial , Inc. " Compared with the prior - year period , Wealth Solutions full service recurring deposits for the trailing twelve months ended March 31 , 2021 grew 5 % , and full service net flows were strong at $ 868 million in the first quarter . In Health Solutions , annualized in - force premiums in the first quarter of 2021 grew 8.6 % compared with the prior - year period due to growth across all product lines . As expected , Investment Management had net outflows during the quarter , but we continue to expect to achieve our 2-4 % net flow organic growth target for 2021 due to a strong , unfunded pipeline . " We also further delivered on our capital management strategy during the first quarter as we repurchased $ 235 million of common stock . We continue to expect to repurchase $ 1 billion of common stock in 2021 — this will enable us to build upon the $ 7 billion in capital that we have already returned to shareholders through both share repurchases and dividends . During the quarter , we also repurchased $ 75 million of debt and , as of March 31 , 2021 , we had $ 1.6 billion in excess capital . As we move forward , we will continue to demonstrate our focus on being good stewards of shareholder capital . " Also in the first quarter , we announced a new operating model to advance our growth plans , as well as ensure a customer- centric focus on health , wealth and investment solutions . We are excited about our opportunities to leverage our unique capabilities , scale and reach to meet the increasing needs and demands of both employers and their employees . We are focused on how customer and client needs will continue to evolve so that we can expand our solution set to drive a more coordinated and integrated experience through the workplace , " added Martin . 1 This press release includes certain non - GAAP financial measures , including adjusted operating earnings and book value , excluding accumulated other comprehensive income . More information on non - GAAP measures and reconciliations to the most comparable U.S. GAAP measures can be found in the " Use of Non - GAAP Financial Measures " section of this release and in the company's Quarterly Investor Supplement . 1