On August 1 2023, VOYA FINANCIAL ($NYSE:VOYA) announced its financial results for the second quarter of fiscal 2023, which ended on June 30 2023. Total revenue was reported at USD 1726.0 million, a 22.9% increase compared to the same period last year. Net income was USD 158.0 million, a 132.4% surge from the same quarter in the previous year.
On Tuesday, VOYA FINANCIAL reported its second quarter earnings for the fiscal year 2023. The stock opened at $73.8 and closed at $74.4, up by 0.2% from the last closing price of $74.3. This marks a positive end to the second quarter for VOYA FINANCIAL, which had a strong showing across the board.
Overall, the second quarter results show that VOYA FINANCIAL is a strong contender in the financial sector and investors can trust in its performance going forward. The stock’s performance also reflects this confidence, as it has steadily increased since its opening. Live Quote…
About the Company
Ownership (Institutional/ Fund Holdings)
Below shows the total revenue, net income and net margin for Voya Financial. More…
Income Statement Reports (Yearly/ Quarterly/ LTM)
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Voya Financial. More…
Cash Flow Statement (Yearly/ Quarterly/ LTM)
Cash Flow Supplement
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Voya Financial. More…
Balance Sheet (Yearly/ Quarterly)
Balance Sheet Supplement
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Key Ratios Snapshot
Some of the financial key ratios for Voya Financial are shown below. More…
Income Statement Ratios
Balance Sheet Ratios
Cash Flow Ratios
Other Supplementary Items
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We at GoodWhale recently performed an analysis on VOYA FINANCIAL in order to assess its wellbeing. According to our Star Chart, VOYA FINANCIAL is classified as a ‘cow’, meaning it has a track record of paying out consistent and sustainable dividends. This makes VOYA FINANCIAL an attractive investment for those who are looking for a steady income stream. When it comes to its health score, VOYA FINANCIAL scored 7/10 considering its cashflows and debt, therefore indicating that it is capable of riding out any economic downturn without the risk of bankruptcy. Although VOYA FINANCIAL is strong in dividend, it weak in terms of asset, growth, and profitability. However, despite its weaknesses, VOYA FINANCIAL is still a viable option for investors who are looking for a reliable and steady income stream. More…
Risk Rating Analysis
Star Chart Analysis
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VOYA FINANCIAL has reported strong earnings results for the second quarter of 2023. Total revenue increased by 22.9% year-over-year to USD 1726.0 million, while net income soared 132.4% year-over-year to USD 158.0 million. This has been an impressive performance by VOYA FINANCIAL, and is likely to be attractive to potential investors looking for a reliable stock to invest in. VOYA FINANCIAL is well positioned for continued growth in the near future, and offers sound long-term investment opportunities.