Voya Financial Reports Profit In Q1 - Quick Facts

(RTTNews) - Voya Financial, Inc. (VOYA), which has rebranded from ING U.S., reported financial results for the first quarter 2014. Net income available to shareholders was $258 million, or $0.98 per share, compared to a loss of $212 million, or $0.92 per share in the first quarter of 2013. After-tax operating earnings was $150 million, or $0.57 per share, compared to $167 million, or $0.73 per share in the first quarter of 2013.

On average, 14 analysts polled by Thomson Reuters expected the company to report profit per share of $0.65 for the quarter. Analysts' estimates typically exclude special items.

Ongoing business decreased to $268 million from $285 million, prior year. Analysts expected revenue of $307.41 million for the quarter.