Voya Financial, Inc. (NYSE:VOYA) Q2 2023 Earnings Conference Call August 2, 2023 10:00 AM ET

Company Participants

Mike Katz – Executive Vice President-Finance

Heather Lavallee – Chief Executive Officer

Don Templin – Chief Financial Officer

Rob Grubka – Chief Executive Officer-Workplace Solutions

Christine Hurtsellers – Chief Executive Officer-Investment Management

Conference Call Participants

Wes Carmichael – Wells Fargo

Ryan Krueger – KBW

Erik Bass – Autonomous Research

Tom Gallagher – Evercore ISI

Suneet Kamath – Jefferies

John Barnidge – Piper Sandler

Operator

Good morning, and welcome to Voya Financial's Second Quarter 2023 Earnings Conference Call. All participants will be in a listen-only mode. [Operator Instructions] After today's presentation, there will be an opportunity to ask questions. [Operator Instructions] Please note this event is being recorded.

I would now like to turn the call over to Mike Katz, Executive Vice President of Finance. Please go ahead.

Mike Katz

Thank you, and good morning. Welcome to Voya Financial's second quarter 2023 earnings conference call. We appreciate all of you who have joined us this morning. As a reminder, materials for today's call are available on our website at investors.voya.com. Turning to Slide 2. Some of the comments made during the call may contain forward-looking statements or refer to certain non-GAAP financial measures within the meaning of federal securities law. GAAP reconciliations are available in our press release and financial supplement found on our website.

Now joining me on the call are Heather Lavallee, our Chief Executive Officer; and Don Templin, our Chief Financial Officer. After their prepared remarks, we will take your questions. For the Q&A session, we have also invited the heads of our businesses, specifically Christine Hurtsellers, Investment Management; and Rob Grubka, Workplace Solutions.

With that, let's turn to Slide 3 as I would like to turn the call over to Heather.

Heather Lavallee

Good morning. Voya Financial has delivered strong second quarter results as we continue to drive earnings and sales momentum across our businesses, prudently manage expenses and generate high free cash flow. We are well on track to achieve our 12% to 17% EPS CAGR target over the three-year Investor Day period ending in December 2024. We're focused on executing our plan, driving organic growth and integrating our new businesses, which are delivering valuable revenue diversification and attractive opportunities for future growth. We head into the second half of 2023, focused on our customers and confident in our ability to generate profitable growth. Our confidence is driven by the proven resilience of our businesses and the strong track record that we have built by consistently delivering results across a wide range of economic conditions.