News Summary

• Net income available to common shareholders dropped to $90 million, or $0.97 per diluted share, down from $162 million and $1.66 a year earlier.
• Adjusted operating earnings fell just as sharply, to $140 million from $240 million.
• But look past the income statement and Voya's underlying businesses were adding client assets, growing fee income, and returning cash to shareholders at a steady pace.
• Voya trades at a forward price-to-earnings ratio of 9.43 as of September 4, a modest multiple given the double-digit growth in client assets and managed assets this quarter.