Voya Financial, Inc. (VOYO) Q3 2022 Results Conference Call November 2, 2022 10:00 AM ET
Company Participants
Michael Katz - EVP, Finance
Rodney Martin - Chairman & CEO
Heather Lavallee - President, CEO, Wealth Solutions
Mike Smith - Vice Chairman & CFO
Charles Nelson - Chief Growth Officer & Vice Chairman
Christine Hurtsellers - CEO, Voya Investment Management
Conference Call Participants
Suneet Kamath - Jefferies
Wilma Burdiss - Raymond James
Erik Bass - Autonomous Research
Ryan Krueger - KBW
Tom Gallagher - Evercore ISI
Kenneth Lee - RBC Capital Markets
Alex Scott - Goldman Sachs
Operator
Good morning, and welcome to Voya Financial's Third Quarter 2022 Earnings Conference Call. At this time, all participants are in a listen only mode. A question-and-answer session will follow the formal presentation. [Operator instruction] Please note this conference is being recorded.
I will now turn the conference over to our host, Mike Katz, Executive Vice-President of Finance. Thank you. You may begin.
Michael Katz
Thank you, and good morning. Welcome to Voya Financial's third quarter 2022 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 or via the webcast.
Turning to slide two. Some of the comments made during this conference call may contain forward-looking statements within the meaning of federal securities law. I refer you to the slide for more information. We'll also be referring today to certain non-GAAP financial measures, GAAP reconciliations are available in our press release and financial supplement found on our website.
Joining me on the call are Rod Martin, our Chairman and Chief Executive Officer; Heather Lavallee, our President and Chief Executive Officer-elect; and Mike Smith, our Chief Financial Officer. After their prepared remarks, we will take your questions. For that Q&A session, we have also invited Vice Chairman and Chief Growth Officer, Charlie, Nelson; as well as the heads of our businesses, specifically Christine Hurtsellers, Investment Management and Rob Grubka, Health Solutions.
With that, let's turn to slide three as I turn the call over to Rod.
Rodney Martin
Good morning. Let's begin on slide four with some key things. We delivered exceptional results during the third quarter, particularly given the challenging macroeconomic environment. We grew adjusted operating EPS excluding notables by approximately 28% year-over-year to $2.19. This strong performance reflects our continued execution of the organic growth, margin and capital components of our EPS growth points. As a result, we now believe we will achieve our original 12% to 17% EPS target for 2022, despite the macroeconomic challenges we've experienced this year.