Exhibit 99.1

 

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Voya Financial Announces Fourth Quarter and Full Year 2015 Results

Board of Directors Authorizes an Additional $700 Million of Share Repurchases

NEW YORK, February 10, 2016

– Voya Financial, Inc. (NYSE: VOYA) today announced financial results for the fourth quarter and full year 2015.

 

   

4Q 2015 operating earnings of $0.91 per diluted share, after-tax

 

   

Excluding DAC/VOBA and other intangibles unlocking, after-tax operating earnings were $0.82 per diluted share

 

   

4Q 2015 net loss available to common shareholders of $0.49 per diluted share

 

   

Reflects Closed Block Variable Annuity (CBVA) segment (which is in run-off and not included in operating earnings) loss of $0.95 per diluted share, after-tax – the CBVA segment is supported by a hedge program that is primarily designed to mitigate the impacts of market movements on regulatory and rating agency capital resources, creating an accounting asymmetry for U.S. GAAP accounting

 

   

Includes non-operating loss of $0.30 per diluted share, after-tax, due to the previously announced sale via reinsurance of an in-force block of term life insurance policies, which closed during the quarter

 

   

Segment results for 4Q 2015 include:

 

   

Positive net flows in Retirement and Annuities

 

   

Investment Management operating margin of 32.7%, excluding results from investment capital

 

   

Favorable Individual Life mortality experience due to lower frequency

 

   

In Employee Benefits, loss ratio for Stop Loss better than expected annual range of 77-80%; Group Life loss ratio within the expected annual range

 

   

CBVA hedge program continued to protect regulatory and rating agency capital

 

   

Full year 2015 operating earnings of $2.92 per diluted share, after-tax

 

   

Excluding impact of DAC/VOBA and other intangibles unlocking, after-tax operating earnings were $3.12 per diluted share

 

   

Full year 2015 net income available to common shareholders of $1.80 per diluted share

 

   

Adjusted Operating Return on Equity for the Ongoing Business (“Adjusted Operating ROE”) of 12.1% for the twelve months ended December 31, 2015

 

   

Total assets under management (AUM) of $271 billion; total AUM and administration of $452 billion as of December 31, 2015

 

   

$250 million of share repurchases in 4Q 2015; $1.5 billion in full-year 2015

 

1


The following information was filed by Voya Financial, Inc. (VOYA) on Wednesday, February 10, 2016 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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