Slides
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Information contained herein is proprietary, confidential and non-public and is not for public release. Voya Financial First Quarter 2025 Call
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Forward-Looking and Other Cautionary Statements
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3Information contained herein is proprietary, confidential and non-public and is not for public release. Key Themes & Strategic Priorities
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Diverse, complementary and capital-light businesses with attractive returns Healthy balance sheet Consistent strong free cash flow Investor Value Proposition
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1Q’25 Highlights
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Information contained herein is proprietary, confidential and non-public and is not for public release. Financial Highlights & Business Segment Performance
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$1.40 $138 $0.1B $93 Highlights (update)FY’24 1Q’25 Financial Results
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• o • • Wealth Solutions
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• • o Investment Management
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• o o • • Health Solutions
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$150M 385% 27.5% Strong Balance Sheet
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Track Record of Generating Consistent Free Cash Flow1
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1Q’25 Demonstrates Progress on Near Term Priorities
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Appendix
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P&L Items • • Total Wealth Solutions Earnings Investment Management Earnings Health Solutions Earnings FY’25 Modeling Considerations
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Wealth IM Health Corporate & Other All Segments 1Q ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ 2Q ▪ ▪ 3Q ▪ ▪ ▪ 4Q ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ Seasonality
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1Q’25 Adjusted Operating to Net Income Walk
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$247 $279 $255 $298 $340 $401 $165 $188 $163 $185 $208 $229 Recordkeeping Full Service Defined Contribution Assets Participant Accounts Have Grown at a 6% CAGR (2020-2025) Now Exceed 9 Million1 Wealth Solutions
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Wealth Solutions 66%1 Avg. Historical Adj. Op. Earnings • • • • • • •
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Assets Under Management $345 Billion Diversified Asset Manager Investment Management
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Investment Management • • • • 16%1 Avg. Historical Adj. Op. Earnings • • •
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36 75 95 12 5353 77 84 14 53 62 79 78 92 79 68 72 86 95 82 Equity Multi-Asset Fixed Income Income & Growth Voya IM Total 1 Year 3 Year 5 Year 10 Year Investment Metrics 1. Voya Investment Management calculations as of March 30, 2025. Metrics are inclusive of all discretionary, actively -managed, individual and pooled investment mandates managed to total return within our external client book -of-business. The results are based on pre-determined criteria to measure each individual investment product based on its ability to either A) rank above the median of its peer category; or B) outperform its benchmark index on a gross-of-fees basis. Peer rankings for open- ended mutual funds are sourced from Morningstar and based on the net-of-fee return of each individual share class, Past performance is not a guarantee or reliable indicator of future results. All investments involve risk including the possible loss of capital. while those of institutional track records are from eVestment and based on gross of fee returns for the composite. Certain funds and products were excluded from the above analysis due to limited benchmark or peer group data. Further detailed information regarding these calculations is available upon request. No person should make a decision to invest in a Voya product based on these metrics.
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Health Solutions • • • o o
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18%1 Avg. Historical Adj. Op. Earnings • • • • • Health Solutions
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$39 Billion General Account Investment Portfolio1 95%+ Investment Grade2 31%13% 18% 11% 3% 1% Fixed Maturity NAIC Rating Distribution 1A (AAA) 1B-G (AA-A) 2A (BBB+) 2B (BBB) 2C (BBB-) 3 (BB) 4-6 (B or lower) Well-Diversified Investment Portfolio Built for Through-the-Cycle Risk Adjusted Returns
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GA Alt Portfolio of $1.92 Billion As of 3/31/25 Alternatives Portfolio Has Delivered Ongoing Returns
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1Q’25 TTM Capital Generation In-Line with 90%+ Target2 11 Prudent Capital Management