Voya Financial Inc
For the period ended Dec 31, 2024. Filed Feb 21, 2025.
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FY2024 · Filed Feb 21, 2025
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13. 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 | 2024 | 2023 | 2022 |
| Net income (loss) available to common shareholders: | |||
| Net income (loss) | $742 | $729 | $433 |
| Less: Preferred stock dividends | 41 | 36 | 36 |
| Less: Net income (loss) attributable to noncontrolling interest and redeemable noncontrolling interest | 75 | 104 | (77) |
| Net income (loss) available to common shareholders | $626 | $589 | $474 |
| Weighted-average common shares outstanding | |||
| Basic | 99.2 | 102.7 | 100.7 |
| Dilutive Effects: | |||
| Warrants(1) | — | 3.3 | 7.2 |
| RSUs | 1.1 | 1.2 | 0.9 |
| PSUs | 0.7 | 1.1 | 0.8 |
| Stock Options | 0.4 | 0.5 | 0.6 |
| Diluted | 101.4 | 108.8 | 110.2 |
| Net income (loss) available to Voya Financial, Inc.'s common shareholders per common share (2) | |||
| Basic | $6.31 | $5.74 | $4.70 |
| Diluted | $6.17 | $5.42 | $4.30 |
(1)See the Shareholders' Equity Note to these Consolidated Financial Statements for additional information on warrants settled.
(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. Diluted earnings per share is computed assuming the issuance of restricted stock units, stock options, performance share units and warrants using the treasury stock method.
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