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NEWS RELEASE Exhibit 99.1 PLAN INVEST PROTECT VOYA FINANCIAL Voya Financial announces second - quarter 2021 results NEW YORK , Aug. 5 , 2021 - Voya Financial , Inc. ( NYSE : VOYA ) , announced today financial results for the second quarter of 2021 : • Net income available to common shareholders of $ 3.53 per diluted share . • • Adjusted operating earnings¹ of $ 2.20 per diluted share , after tax , including : - $ 0.77 of prepayment fees and alternative investment income above the company's long - term expectations ; $ 0.11 of favorable deferred acquisition costs and value of business acquired ( " DAC / VOBA " ) and other intangibles unlocking ; $ ( 0.08 ) of claims due to COVID - 19 ; and $ ( 0.11 ) of other items , including higher variable and incentive compensation primarily related to higher alternative investment income . $ 518 million of common stock repurchased in the second quarter ; $ 753 million repurchased in the first half of 2021 . " We delivered strong results in the second quarter , with record adjusted operating earnings per share driven by strong investment income and solid performance across our businesses , " 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 June 30 , 2021 grew 6.7 % , and full service net flows were $ 238 million in the second quarter . In Health Solutions , annualized in - force premiums in the second quarter of 2021 increased 9.8 % compared with the prior - year period due to growth across all product lines . And Investment Management generated $ 249 million in net inflows in the quarter as several new mandates funded . " We continued to demonstrate our commitment to being good stewards of shareholder capital and repurchased $ 518 million of common stock during the quarter . As of June 30 , 2021 , we had approximately $ 1.5 billion in excess capital , and we are on track to repurchase at least $ 1 billion in common stock in 2021. This would build upon the more than $ 7.5 billion in capital that we have returned to shareholders through share repurchases and dividends since our initial public offering . " Equally important , we have continued to advance our plans to focus on serving the workplace and institutional clients with the closing of the sale of our independent financial planning channel and the acquisition of Benefit Strategies . We have positioned Voya to meet the complex and increasing needs of our clients . Our unique digital capabilities , insights and focus on client needs will enable us to create greater value for all of our customers and position us to generate further earnings per share growth , " 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