Voya Financial, Inc. (NYSE:VOYA) Q1 2023 Earnings Call Transcript May 3, 2023 10:00 AM ET

Company Participants

Michael Katz - EVP, Finance

Heather Lavallee - Chief Executive Officer

Don Templin - Executive Vice President and Chief Financial Officer

Rob Grubka - Chief Executive Officer, Workplace Solutions

Christine Hurtsellers - Chief Executive Officer, Voya Investment Management

Conference Call Participants

Suneet Kamath - Jefferies

John Barnidge - Piper Sandler

Jimmy Bhullar - JPMorgan

Andrew Kligerman - Credit Suisse

Erik Bass - Autonomous Research

Joshua Shanker - Bank of America

Ryan Krueger - KBW

Tom Gallagher - Evercore

Operator

Good morning. And welcome to Voya Financial's First Quarter 2023 Earnings Conference Call. All participants will be in a listen-only mode. [Operator instructions] Please note, this event is being recorded.

I'd now like to turn the conference over to Mike Katz, EVP of Finance. Please go ahead.

Michael Katz

Thank you, and good morning. Welcome to Voya Financial's first quarter 2023 earnings conference call. We appreciate all of you who have joined us for this call. 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 this call may contain forward-looking statements or refer to certain non-GAAP financials measures within the meaning of Federal Securities law. GAAP reconciliations are available in our press release and financial supplement found on our website.

Additionally, prior period comparisons have be recast for LDTI and include refinements to adjusted operating earnings incorporate. I refer you to the slide for information. Additionally, beginning this quarter, Benefitfocus will be reported as part of the Health Solutions segment.

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'd like to turn the call over to Heather.

Heather Lavallee

Good morning. Voya Financial delivered strong results in the first quarter of 2023 as we continue to meet or exceed our earnings and revenue growth targets. We continue to expect to meet our 12% to 17% EPS annual compound growth target over the three year investor day period ending in 2024. Our focus remains squarely on executing our plan, and on successfully integrating the businesses that we acquired last year to ensure that we maximize their strategic and financial benefits. As we will discuss, we are already seeing these benefits in our results.