Voya Financial Turns To Profit In Q2 - Quick Facts

(RTTNews) - Voya Financial, Inc. (VOYA), which has rebranded from ING U.S.,Wednesday reported second-quarter net income available to common shareholders of $246 million or $0.96 per share, compared with a loss of $82 million or $0.33 per share in the previous year.

Operating earnings were $213 million or $0.83 per share, up from $177 million or $0.71 per share in the year-ago quarter.

On average, 13 analysts polled by Thomson Reuters expected the company to earn $0.70 per share for the quarter. Analysts' estimates typically exclude special items.

Ongoing business adjusted operating earnings increased to $346 million from $303 million last year.

Operating revenues increased to $163.2 million from $148.6 million a year earlier. .

The board also authorized an additional $500 million of share repurchases.