Voya Financial, Inc.
For the period ended Jun 30, 2025. Filed Aug 7, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2025 · Filed Aug 7, 2025
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12. Shareholders' Equity
- Shareholders' Equity
Common Shares
The following table presents the rollforward of common shares used in calculating the weighted average shares utilized in the basic earnings per common share calculation for the periods indicated:
| Common Shares | |||
|---|---|---|---|
| 2025 | |||
| (shares in millions) | Issued | Held in Treasury | Outstanding |
| Balance, January 1, 2024 | 103.6 | 0.7 | 102.9 |
| Common shares issued | 0.1 | — | 0.1 |
| Common shares acquired - share repurchase | — | 8.6 | (8.6) |
| Share-based compensation programs | 1.9 | 0.8 | 1.1 |
| Balance, December 31, 2024 | 105.6 | 10.1 | 95.5 |
| Common shares issued | — | — | — |
| Common shares acquired - share repurchase | — | — | — |
| Share-based compensation programs | 1.4 | 0.6 | 0.8 |
| Balance, June 30, 2025 | 107.0 | 10.7 | 96.3 |
Dividends declared per share of common stock were as follows for the periods indicated:
| Three Months Ended June 30, | Six Months Ended June 30, | |||
|---|---|---|---|---|
| 2025 | 2024 | 2025 | 2024 | |
| Dividends declared per share of common stock | $0.45 | $0.40 | $0.90 | $0.80 |
Share Repurchase Program
From time to time, the Company's Board of Directors authorizes the Company to repurchase shares of its common stock. These authorizations permit stock repurchases up to a prescribed dollar amount and generally may be accomplished through various means, including, without limitation, open market transactions, privately negotiated transactions, forward, derivative, or accelerated repurchase, or automatic repurchase transactions, including 10b5-1 plans, or tender offers. Share repurchase authorizations typically expire if unused by a prescribed date.
As of June 30, 2025, the aggregate amount remaining under the Company's share repurchase authorization was $761. This share repurchase authorization expires on December 31, 2025 (unless extended) and does not obligate the Company to purchase any shares. The authorization for the share repurchase program may be terminated, increased or decreased by the Company's Board at any time.
The following table presents repurchases of the Company's common stock pursuant to 10b5-1 plans and through open market repurchases for the periods indicated:
| Six Months Ended June 30, | ||
|---|---|---|
| 2025 | 2024 | |
| Shares of common stock | — | 4,854,544 |
| Payment | $— | $346 |
Preferred Stock
As of June 30, 2025 and December 31, 2024, there were 100,000,000 shares of preferred stock authorized. Preferred stock issued and outstanding were as follows for the periods indicated:
| June 30, 2025 | December 31, 2024 | |||
|---|---|---|---|---|
| Series | Issued | Outstanding | Issued | Outstanding |
| 7.758% Non-cumulative Preferred Stock, Series A | 325,000 | 325,000 | 325,000 | 325,000 |
| 5.35% Non-cumulative Preferred Stock, Series B | 300,000 | 300,000 | 300,000 | 300,000 |
| Total | 625,000 | 625,000 | 625,000 | 625,000 |
The declaration of dividendson preferred stock per share and in the aggregate were as follows for the periods indicated:
| Series A · Series B | ||||
|---|---|---|---|---|
| Three Months Ended June 30, | Per Share | Aggregate | Per Share | Aggregate |
| 2025 | $— | $— | $13.375 | $4 |
| 2024 | — | — | 13.375 | 4 |
| Six Months Ended June 30, | ||||
| 2025 | 38.790 | 13 | 26.750 | 8 |
| 2024 | 38.790 | 13 | 26.750 | 8 |
As of June 30, 2025, there wereno preferred stock dividends in arrears.
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