Voya Financial, Inc. (NYSE:VOYA) Q1 2024 Earnings Call Transcript

Kenneth Lee: Great. Very helpful there. And just one more if I may. In terms of the retail net inflows in the quarter within Investment Management, anyway that you could help us size out the contribution from the AGI international distribution? And perhaps how we should think about any kind of forward trajectory in terms of the contribution to net flows over the near term? Thanks.

Matt Toms: Yeah, no, happy to provide that. It’s balanced across the different products. The incoming growth in the AGI component is a strong contributor to that. I think the small majority of that. But really the story there is the breadth and what we’ve seen engagement and client activity more broadly. So, we’re still happy with the income and growth component, particularly in the Asian market. In the domestic market, we’re seeing better engagement across fixed-income, core fixed-income that Don mentioned in his comments. I’m also in the multi-asset and the model business, we’re seeing better uptake, and in our equity strategies, performance really have improved there and demand on the small-cap side. So, we’re seeing that breadth improve, but again, balanced more than historically more international, the more the domestic and international pairing together right now.

Operator: This concludes our question-and-answer session. I would now like to turn the conference call back over to Heather Lavallee for any closing remarks.

Heather Lavallee: Thank you. To summarize a few key messages, we delivered on our financial targets in the first quarter and remain on track to achieve our targeted full-year results for 2024. Our commercial strength remains strong with robust pipelines across Workplace Solutions and Investment Management. We remain focused on strategic execution, expense discipline, and prudent capital management while continuing to invest in growth. Thank you, and we look forward to updating you on our progress.

Operator: Thank you. This will conclude today’s conference. You may disconnect your lines at this time, and thank you for your participation.