Voya Financial Inc
For the period ended Dec 31, 2023. Filed Feb 23, 2024.
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FY2023 · Filed Feb 23, 2024
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. Earnings per Common Share
- Earnings per Common Share
The following table presents a reconciliation of Net income (loss) and shares used in calculating basic and diluted net income (loss) per common share for the periods indicated:
| (in millions, except for per share data) | Year Ended December 31, | ||
|---|---|---|---|
| Earnings | 2023 | 2022 | 2021 |
| Net income (loss) available to common shareholders | |||
| Income (loss) from continuing operations | $729 | $433 | $3,119 |
| Less: Preferred stock dividends | 36 | 36 | 36 |
| Less: Net income (loss) attributable to noncontrolling interest and redeemable noncontrolling interest | 104 | (77) | 761 |
| Income (loss) from continuing operations available to common shareholders | 589 | 474 | 2,322 |
| Income (loss) from discontinued operations, net of tax | — | — | 12 |
| Net income (loss) available to common shareholders | $589 | $474 | $2,334 |
| Weighted-average common shares outstanding | |||
| Basic | 102.7 | 100.7 | 116.7 |
| Dilutive Effects: | |||
| Warrants(1) | 3.3 | 7.2 | 6.7 |
| RSUs | 1.2 | 0.9 | 1.0 |
| PSUs | 1.1 | 0.8 | 0.7 |
| Stock Options | 0.5 | 0.6 | 0.7 |
| Diluted | 108.8 | 110.2 | 125.8 |
| Basic(2) | |||
| Income (loss) from continuing operations available to Voya Financial, Inc.'s common shareholders | $5.74 | $4.70 | $19.91 |
| Income (loss) from discontinued operations, net of taxes available to Voya Financial, Inc.'s common shareholders | $— | $— | $0.10 |
| Income (loss) available to Voya Financial, Inc.'s common shareholders | $5.74 | $4.70 | $20.02 |
| Diluted(2) | |||
| Income (loss) from continuing operations available to Voya Financial, Inc.'s common shareholders | $5.42 | $4.30 | $18.46 |
| Income (loss) from discontinued operations, net of taxes available to Voya Financial, Inc.'s common shareholders | $— | $— | $0.10 |
| Income (loss) available to Voya Financial, Inc.'s common shareholders | $5.42 | $4.30 | $18.56 |
(1)See the Shareholders' Equity Note to these Consolidated Financial Statements for additional information on warrants.
(2)Basic and diluted earnings per share are calculated using unrounded, actual amounts. Therefore, the components of earnings per share may not sum to its corresponding total.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.