Voya Financial reported second-quarter 2026 net income of $90 million, or $0.97 per diluted share, down from $162 million a year earlier, while adjusted operating earnings fell to $140 million from $240 million. The decline was driven by $40 million in severance costs, a $15 million loss on alternative investments, and weaker Employee Benefits results, which saw pre-tax adjusted operating earnings drop to $22 million from $69 million. Despite the profit slump, Voya's Retirement segment crossed 10 million participant accounts and grew client assets 14% to $863 billion, while Investment Management saw pre-tax earnings rise 12% to $57 million on $1.2 billion of net inflows. The company returned about $200 million to shareholders through dividends and buybacks, with $263 million still authorized for repurchases. Management expects severance costs to be offset by expense savings within two quarters.
Voya Financial IncQ2 earnings and adjusted operating earnings declined due to severance costs and weaker Employee Benefits results.
Taishin Financial Holding Co Ltd