Agents, Distribution Power Voya 1Q Results
May 4, 2017 by Cyril Tuohy
Voya Financial’s first-quarter, after-tax operating earnings rose 37 percent to $157 million compared with the year-ago period on the strength of new products, expanded distribution and higher agent productivity, executives said Wednesday.
“Our first-quarter 2017 results demonstrate a very good start to the year as we continue to execute on our plan to make progress toward achieving our 2018 financial targets,” said Chairman and CEO Rodney O. Martin Jr.
Voya plans to trim at least $100 million in expenses through the end of 2018 as the company upgrades platforms, sharpens its product focus, and improves company interaction with customers and agents, executives said in an earnings call.
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