Voya Financial’s (VOYA) Earnings Fell While Its Retirement Business Boomed

Voya Financial disclosed second-quarter results on August 4, featuring a notable decline in headline profitability alongside growing operational momentum in its core business segments. Net income available to common shareholders contracted to $90 million, or $0.97 per diluted share, compared with $162 million and $1.66 per share in the prior-year period. Adjusted operating earnings similarly fell to $140 million from $240 million.
The company’s Retirement segment crossed 10 million partic