Voya Financial Touts $775M 2025 Cash, $300M Buybacks as It Eyes More Growth in 2026 at UBS Conf

Executives from Voya Financial (NYSE:VOYA) told investors they are entering 2026 with momentum aft what they described arsenic an “exceptional” 2025, highlighted by higher currency generation, beardown commercialized show successful status and concern management, and improved profitability successful worker benefits.

Speaking astatine a UBS conference, CEO Heather Lavallee said the institution generated $775 million successful currency successful 2025, up importantly from the anterior year. She besides pointed to grounds commercialized results successful the Retirement and Investment Management segments, which she said present full a combined $1 trillion of assets. CFO Mike Katz added that the institution expects to turn currency procreation further successful 2026, supported by commercialized momentum, disbursal efficiencies successful status and concern management, and continued borderline betterment successful worker benefits.

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Management emphasized equilibrium expanse spot and flexibility successful deploying capital. Lavallee and Katz reiterated that the institution plans to nonstop much superior toward stock repurchases successful the archetypal fractional of the year, describing a full of $300 million divided astir evenly betwixt the archetypal and 2nd quarters.

At the aforesaid time, they said stock repurchases bash not preclude further status “roll-up” acquisitions. Katz said the institution is buying backmost banal successful portion due to the fact that it does not spot thing “imminent” connected the woody front, but noted that marketplace volatility tin make opportunities. He besides said Voya expects to extremity the twelvemonth with astir $400 million of excess capital, which helium said includes an earnout the institution expects to wage aboriginal successful the year.

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Lavallee said Voya’s status concern delivered adjacent to a 40% margin successful 2025, supra its guided scope of 35% to 39%. She said the conception posted $28 billion of integrated flows and added $60 billion of flows from the OneAmerica transaction, bringing full plus maturation adjacent to $90 billion. Lavallee besides said the concern added astir two cardinal participants and present serves adjacent to 10 million participants.

On OneAmerica, Lavallee said Voya acceptable targets of $200 million of gross growth, $75 million of earnings, and astir 90% planned retention, and has “significantly exceeded” the gross and net goals. She said 2 of 4 integrations person been completed and described retention arsenic “incredibly strong.” She besides highlighted added capabilities specified arsenic ESOP program enactment and organisation done an Edward Jones relationship.