Voya Financial
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Voya Financial (VOYA) investor relations material

Voya Financial UBS Financial Services Conference 2026 summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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UBS Financial Services Conference 2026 summary9 Feb, 2026

Key achievements and outlook

  • Achieved significant cash generation of $775 million in 2025, with record commercial results in Retirement and Investment Management, reaching $1 trillion in combined assets.

  • Retirement business delivered close to 40% margin, surpassing guidance, and added nearly $90 billion in assets, including $60 billion from OneAmerica.

  • Strong balance sheet and high cash generation provide flexibility for capital deployment, including $300 million in share repurchases in the first half of 2026.

  • Focus remains on consistent cash generation and returning value to shareholders, while maintaining optionality for future acquisitions.

  • Expect continued growth in cash generation and commercial momentum into 2026.

Retirement and M&A strategy

  • OneAmerica acquisition exceeded revenue and earnings targets, with strong client retention and new capabilities added.

  • Positioned as a top five retirement provider, actively seeking disciplined M&A opportunities amid industry consolidation.

  • $400 million in excess capital expected by year-end, supporting both share repurchases and potential bolt-on deals.

  • Preference for bolt-on acquisitions over large-scale deals, leveraging strong relationships and cultural fit.

  • High bar for M&A, with focus on disciplined execution and risk-return balance.

Wealth management and demographic trends

  • Wealth management business generates $200 million in revenue, targeting mass affluent and millennial clients within a captive workplace audience.

  • Investments in expanding advisor network and digital self-service aim to enhance client engagement and scale.

  • Expecting 20%+ returns from wealth management investments, with flexibility to adjust pace as needed.

  • Millennials and Gen Z will comprise 100 million workers by 2028-2033, driving inflows and active savings behavior.

  • Focus on democratizing access to financial advice and planning for younger generations.

What M&A criteria guide future retirement roll-ups?
Wealth management: target market and growth drivers
Stop-loss: expected duration of market volatility?
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Q1 20266 May, 2026
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Frequently asked questions

Voya Financial Inc provides retirement, investment, and insurance solutions. The company offers workplace retirement plans, employee benefits, asset management, and individual life insurance products, serving both institutional and retail clients. The company is headquartered in New York, New York, and its shares are listed on the NYSE.

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