Latest news with #OneAmericaFinancial
Indianapolis Star
7 days ago
- General
- Indianapolis Star
USA Swimming announces 2028 U.S. Olympic Team Trials for swimming
USA Swimming Interim CEO Bob Vincent speaks to the press after a press conference Tuesday, June 3, 2025 at Lucas Oil Stadium. It was announced that Indianapolis will host the 2028 U.S. Olympic Team Trials for swimming. Kelly Wilkinson/IndyStar Kelly Wilkinson/IndyStar One America Financial Chairman, President and CEO Scott Davison, from left, USA Swimming Interim CEO Bob Vincent and Mayor Joe Hogsett look at the changing Indianapolis downtown skyline seen from the terrace level of Lucas Oil Stadium, Tuesday, June 3, 2025. They were gathered for a press conference where it was announced that Indianapolis will host the 2028 U.S. Olympic Team Trials for swimming. Kelly Wilkinson/IndyStar Indianapolis will host the 2028 U.S. Olympic Team Trials for swimming. Photo taken Tuesday, June 3, 2025. Kelly Wilkinson/IndyStar One America Financial Executive Vice President Karin Sarratt speaks during a press conference Tuesday, June 3, 2025 at Lucas Oil Stadium. It was announced that Indianapolis will host the 2028 U.S. Olympic Team Trials for swimming. Kelly Wilkinson/IndyStar Kelly Wilkinson/IndyStar USA Swimming Interim CEO Bob Vincent speaks during a press conference Tuesday, June 3, 2025 at Lucas Oil Stadium. It was announced that Indianapolis will host the 2028 U.S. Olympic Team Trials for swimming. Kelly Wilkinson/IndyStar USA Swimming Interim CEO Bob Vincent speaks to the press after a press conference Tuesday, June 3, 2025 at Lucas Oil Stadium. It was announced that Indianapolis will host the 2028 U.S. Olympic Team Trials for swimming. Kelly Wilkinson/IndyStar USA Swimming Interim CEO Bob Vincent speaks during a press conference Tuesday, June 3, 2025 at Lucas Oil Stadium. It was announced that Indianapolis will host the 2028 U.S. Olympic Team Trials for swimming. Kelly Wilkinson/IndyStar One America Financial Chairman, President and CEO Scott Davison speaks during a press conference Tuesday, June 3, 2025 at Lucas Oil Stadium. It was announced that Indianapolis will host the 2028 U.S. Olympic Team Trials for swimming. Kelly Wilkinson/IndyStar Indianapolis will host the 2028 U.S. Olympic Team Trials for swimming. Photo taken Tuesday, June 3, 2025. Kelly Wilkinson/IndyStar Indiana Sports Corp President Patrick Talty, left, shakes hands with One America Financial Chairman, President and CEO Scott Davison before speaking during a press conference Tuesday, June 3, 2025 at Lucas Oil Stadium. It was announced that Indianapolis will host the 2028 U.S. Olympic Team Trials for swimming. Kelly Wilkinson/IndyStar USA Swimming Interim CEO Bob Vincent speaks to the press after a press conference Tuesday, June 3, 2025 at Lucas Oil Stadium. It was announced that Indianapolis will host the 2028 U.S. Olympic Team Trials for swimming. Kelly Wilkinson/IndyStar One America Financial Chairman, President and CEO Scott Davison, from left, Mayor Joe Hogsett and Indiana Sports Corp President Patrick Talty chat after a press conference Tuesday, June 3, 2025 at Lucas Oil Stadium. It was announced that Indianapolis will host the 2028 U.S. Olympic Team Trials for swimming. Kelly Wilkinson/IndyStar
Indianapolis Star
7 days ago
- Business
- Indianapolis Star
Indianapolis officially announces it will host U.S. Olympic Swim Trials in 2028
Indianapolis will host the U.S. Olympic Swim Trials for the second time in a row in June 2028, USA Swimming announced June 3. The event will mark the eighth time the city has hosted the trials since the first time in 1924, Mayor Joe Hogsett said at a press conference Tuesday. The 2024 trials broke attendance records for the event with 285,000 fans across the nine days and resulted in an estimated $100 million economic impact, according to OneAmerica Financial president Scott Davison. The event was also the first time a swim meet had ever been held in an NFL stadium, USA Swimming CEO Bob Vincent said. "We had high expectations for this event, but somehow this city, this stadium and these fans exceeded all of them," Vincent said. To commemorate the event, USA Swimming and the Indiana Sports Corp will host a festival throughout the city. Indiana Sports Corp will look for ways to enhance the experience for fans, possibly tying the event to Los Angeles, where the Olympics are taking place, Sports Corp officials said. Last year, the city and its partners installed a 66-foot replica Eiffel Tower for the week of the trials in honor of the Paris Olympics.
Yahoo
12-05-2025
- Business
- Yahoo
OneAmerica Financial® and Amada Senior Care Announce Innovative Collaboration to Support Caregivers
Agreement furthers commitment to caring expertise, every step of the way INDIANAPOLIS, May 12, 2025 /PRNewswire/ -- OneAmerica Financial® and Amada Senior Care, two leaders in the Long-Term Care (LTC) industry, today announced a collaboration aimed at improving the LTC experience for both policyholders and their caregivers. Recognizing the growing and vital role informal caregivers play in supporting their loved ones during long-term care events, OneAmerica Financial recently enhanced its market leading asset based long-term care product, Asset Care 2024, with modernized resources that support the needs of caregivers at home, including the new Caregiver Consultant benefit. An initial focus of the OneAmerica Financial and Amada Senior Care alliance is collaboratively delivering on the Caregiver Consultant benefit. Amada Senior Care will provide monthly in-person or virtual consultations to eligible policyholders and their caregivers, during which they'll explore ways to enhance the plan of care; provide valuable guidance, education and training to caregivers; and help connect the family with other programs and resources that can improve their quality of life. "OneAmerica Financial and Amada Senior Care both take a holistic view of what it means to provide caring expertise for policyholders," said Jeff Levin, Vice President of Distribution, Care Solutions, at OneAmerica Financial. "When we ease the burden for a caregiver, policyholder and the entire family, we show that we truly care." "We believe this is a unique affiliation between an LTC insurer and a care provider," said Tafa Jefferson, Founder and CEO of Amada Senior Care. "Our collaboration with OneAmerica Financial is about more than just fulfilling a benefit in a contract — it's an opportunity to tap into the deep expertise and shared values of two organizations with a vision to transform the long-term care marketplace." According to the OneAmerica Financial Leading Tomorrow: 2024 Caregiver Study, 56% of informal caregivers reported feeling frustrated with their role, 51% struggled to balance caregiving with other responsibilities, and 47% said they experienced burnout. Beyond the logistics of caregiving, this arrangement helps caregivers and families navigate the complexities of daily life while supporting a loved one. "What's exciting is that we both see a powerful opportunity here to make a real difference in the lives of families," said Amy Chinn, Vice President of LTC Claims and Risk Management at OneAmerica Financial. "We are establishing a new model for collaboration between insurers and care providers, and by working together, deliver even better outcomes for our policyholders and their loved ones." About OneAmerica Financial®OneAmerica Financial® is a national financial services organization helping people build greater certainty for better moments, every day. The companies of OneAmerica Financial have been advancing financial security for almost 150 years, supporting millions of customers with solutions across life insurance, retirement, employee benefits and long-term care. As a people-first mutual organization, OneAmerica Financial prioritizes customers' interests and maintains a long-term focus on both value and financial stability. For more information visit OneAmerica Financial® is the marketing name for the companies of OneAmerica Financial. Products issued and underwritten by The State Life Insurance Company® (State Life), Indianapolis, IN, a OneAmerica Financial company that offers the Care Solutions product suite. Asset Care form numbers: ICC18 L302, ICC18 L302 JT, ICC18 L302 SP, ICC18 L302 SP JT, ICC18 R532, ICC18 R533, ICC18 R539, ICC18 SA39, ICC18 R540, ICC24 R545, ICC24 R546 and ICC24 R547. Not available in all states or may vary by state. About Amada Senior CareAmada Senior Care is a national provider of non-medical, in-home senior care services. With a focus on empowering caregivers and delivering compassionate care, Amada offers customized solutions to help seniors live independently and with dignity. For more information, visit Amada Senior Care is not an affiliate of the companies of OneAmerica Financial. Media Contacts:OneAmerica FinancialName: Zach OsowskiTitle: Public Relations ManagerE-mail: Amada Senior CareName: Jon ThomasTitle: VP National Strategic PartnershipsPhone Number: 949.994.9690Email: Jon.T@ View original content to download multimedia: SOURCE OneAmerica Financial
Yahoo
12-05-2025
- Business
- Yahoo
OneAmerica Financial® and Amada Senior Care Announce Innovative Collaboration to Support Caregivers
Agreement furthers commitment to caring expertise, every step of the way INDIANAPOLIS, May 12, 2025 /PRNewswire/ -- OneAmerica Financial® and Amada Senior Care, two leaders in the Long-Term Care (LTC) industry, today announced a collaboration aimed at improving the LTC experience for both policyholders and their caregivers. Recognizing the growing and vital role informal caregivers play in supporting their loved ones during long-term care events, OneAmerica Financial recently enhanced its market leading asset based long-term care product, Asset Care 2024, with modernized resources that support the needs of caregivers at home, including the new Caregiver Consultant benefit. An initial focus of the OneAmerica Financial and Amada Senior Care alliance is collaboratively delivering on the Caregiver Consultant benefit. Amada Senior Care will provide monthly in-person or virtual consultations to eligible policyholders and their caregivers, during which they'll explore ways to enhance the plan of care; provide valuable guidance, education and training to caregivers; and help connect the family with other programs and resources that can improve their quality of life. "OneAmerica Financial and Amada Senior Care both take a holistic view of what it means to provide caring expertise for policyholders," said Jeff Levin, Vice President of Distribution, Care Solutions, at OneAmerica Financial. "When we ease the burden for a caregiver, policyholder and the entire family, we show that we truly care." "We believe this is a unique affiliation between an LTC insurer and a care provider," said Tafa Jefferson, Founder and CEO of Amada Senior Care. "Our collaboration with OneAmerica Financial is about more than just fulfilling a benefit in a contract — it's an opportunity to tap into the deep expertise and shared values of two organizations with a vision to transform the long-term care marketplace." According to the OneAmerica Financial Leading Tomorrow: 2024 Caregiver Study, 56% of informal caregivers reported feeling frustrated with their role, 51% struggled to balance caregiving with other responsibilities, and 47% said they experienced burnout. Beyond the logistics of caregiving, this arrangement helps caregivers and families navigate the complexities of daily life while supporting a loved one. "What's exciting is that we both see a powerful opportunity here to make a real difference in the lives of families," said Amy Chinn, Vice President of LTC Claims and Risk Management at OneAmerica Financial. "We are establishing a new model for collaboration between insurers and care providers, and by working together, deliver even better outcomes for our policyholders and their loved ones." About OneAmerica Financial®OneAmerica Financial® is a national financial services organization helping people build greater certainty for better moments, every day. The companies of OneAmerica Financial have been advancing financial security for almost 150 years, supporting millions of customers with solutions across life insurance, retirement, employee benefits and long-term care. As a people-first mutual organization, OneAmerica Financial prioritizes customers' interests and maintains a long-term focus on both value and financial stability. For more information visit OneAmerica Financial® is the marketing name for the companies of OneAmerica Financial. Products issued and underwritten by The State Life Insurance Company® (State Life), Indianapolis, IN, a OneAmerica Financial company that offers the Care Solutions product suite. Asset Care form numbers: ICC18 L302, ICC18 L302 JT, ICC18 L302 SP, ICC18 L302 SP JT, ICC18 R532, ICC18 R533, ICC18 R539, ICC18 SA39, ICC18 R540, ICC24 R545, ICC24 R546 and ICC24 R547. Not available in all states or may vary by state. About Amada Senior CareAmada Senior Care is a national provider of non-medical, in-home senior care services. With a focus on empowering caregivers and delivering compassionate care, Amada offers customized solutions to help seniors live independently and with dignity. For more information, visit Amada Senior Care is not an affiliate of the companies of OneAmerica Financial. Media Contacts:OneAmerica FinancialName: Zach OsowskiTitle: Public Relations ManagerE-mail: Amada Senior CareName: Jon ThomasTitle: VP National Strategic PartnershipsPhone Number: 949.994.9690Email: Jon.T@ View original content to download multimedia: SOURCE OneAmerica Financial
Business Wire
06-05-2025
- Business
- Business Wire
Voya Financial announces first-quarter 2025 results
NEW YORK--(BUSINESS WIRE)--Voya Financial, Inc. (NYSE: VOYA) announced today its first-quarter 2025 financial results: First-quarter 2025 net income available to common shareholders of $139 million, or $1.42 per diluted share, and after-tax adjusted operating earnings 1 of $195 million, or $2.00 per diluted share. Results are driven by positive prior year Stop Loss reserve developments, the successful acquisition of OneAmerica Financial's full-service retirement plan business, disciplined spend, and strong commercial momentum. The balance sheet is prudently positioned, and excess capital generation continues to be strong. In the quarter we: returned $43 million to shareholders through common dividends. deployed approximately $200 million for the acquisition of OneAmerica Financial's full-service retirement plan business and strategic growth investments. 'In the first quarter of 2025, adjusted operating EPS grew 13% compared with the prior-year period, driven primarily by the positive impact of the OneAmerica acquisition and our strong commercial momentum in Wealth Solutions and Investment Management,' said Heather Lavallee, chief executive officer, Voya Financial. 'I am encouraged by the commercial momentum we are building across our businesses, fueled by strong inflows, key strategic renewals, and a robust pipeline of opportunities.' 'Despite the uncertainties in the current macroeconomic environment, our commitment to creating long-term value for our shareholders remains steadfast. We are focused on executing on our key priorities while maintaining a strong balance sheet as we balance capital return to shareholders with prudent investment in growth opportunities.' First-Quarter 2025 Consolidated Results First-quarter 2025 net income available to common shareholders was $139 million, or $1.42 per diluted share, compared with $234 million, or $2.24 per diluted share, in first-quarter 2024. The decrease was driven by the absence of net investment gains and tax benefits associated with divested businesses in the prior period which did not repeat and higher expenses in the current period associated with acquisitions and severance, partially offset by higher after-tax adjusted operating earnings. First-quarter 2025 after-tax adjusted operating earnings were $195 million, or $2.00 per diluted share, compared with $185 million, or $1.77 per diluted share, in first-quarter 2024. The growth was primarily due to the acquired business from OneAmerica, positive capital markets and net inflows across the business, partially offset by higher expenses in Health Solutions due to strategic investments in Short-Term Disability and Leave Management. First-quarter 2025 earnings per share also reflect a reduced share count as a result of share repurchases in the prior year. Business Segment Results Wealth Solutions Wealth Solutions first-quarter 2025 pre-tax adjusted operating earnings were $207 million, up from $186 million in the prior-year period. The increase was primarily due to the acquired business from OneAmerica, positive capital markets and disciplined spend. Net revenues for the trailing twelve months (TTM) ended Mar. 31, 2025 grew 10.2% compared with the prior-year period due to positive capital markets, acquired spread and fee-based revenues from OneAmerica and higher alternative investment income. Adjusted operating margin for the TTM ended Mar. 31, 2025 was 39.7% compared with 35.7% in the prior-year period. The improvement reflects net revenue growth and disciplined spend management. Excluding notable items, for the TTM ended Mar. 31, 2025, net revenues grew 7.9% and adjusted operating margin was 41.2%. Total client assets as of Mar. 31, 2025 were $694 billion, up 21% compared with Mar. 31, 2024, primarily due to assets onboarded from OneAmerica, positive capital markets, and significant recordkeeping wins. Those wins contributed to approximately $30 billion of defined contribution net inflows in first quarter 2025. Health Solutions Health Solutions first-quarter 2025 pre-tax adjusted operating earnings were $46 million, down from $59 million in the prior-year period. The positive prior year Stop Loss reserve developments were tempered by lower reported Group Life and Voluntary underwriting gains and strategic investments in Short-Term Disability and Leave Management. Net revenues for the TTM ended Mar. 31, 2025 declined 17.1% compared with the prior-year period. Adjusted operating margin for the TTM ended Mar. 31, 2025, was 2.7% compared with 23.9% in the prior-year period. Excluding notable items, for the TTM ended Mar. 31, 2025, net revenues declined 18.0% and adjusted operating margin was 3.6%. The decline in margins and net revenues primarily reflects a higher loss ratio in Stop Loss in the current TTM period. Health Solutions first-quarter 2025 annualized in-force premiums and fees declined 5% to $3.7 billion compared with the prior-year period. The decline primarily reflects actions to improve profitability in the Stop Loss business, partially offset by growth in the Voluntary business. Investment Management Investment Management first-quarter 2025 pre-tax adjusted operating earnings, excluding noncontrolling interest, were $41 million, compared to $42 million in the prior-year period. Growth in fee-based revenues benefiting from strong business momentum and positive capital markets year-over-year was offset by higher seasonal expenses. Net revenues for the TTM ended Mar. 31, 2025 grew 7.6% compared with the prior-year period due to an increase in fee-based revenues reflecting net inflows and positive capital markets. Adjusted operating margin for the TTM ended Mar. 31, 2025 was 28.1% compared with 25.7% in the prior-year period. The improvement was due to net revenue growth and disciplined expense management. Excluding notable items, for the TTM ended Mar. 31, 2025, net revenues grew 8.0% and adjusted operating margin was 28.6%. Investment Management generated net inflows of $7.7 billion (excluding divested businesses) during the three months ended Mar. 31, 2025, representing organic growth of 2.5% for the quarter. The growth reflects continued momentum in the Institutional, Insurance, and Intermediary channels. Corporate Corporate first-quarter 2025 pre-tax adjusted operating losses, excluding noncontrolling interest, were $62 million, compared with $63 million of losses in the prior-year period. Capital For the first-quarter 2025, the company generated approximately $200 million of excess capital reflecting capital generation of over 90% of after-tax adjusted operating earnings for the quarter. In the first quarter, the company returned $43 million of excess capital to shareholders through common stock dividends and retired $400 million of 3.976% Senior Notes using the proceeds from the recent debt issuance. Additionally, the company deployed approximately $200 million of excess capital to the OneAmerica Financial's full-service retirement plan business acquisition upfront cash payment and risk-based capital requirements as well as towards the company's strategic growth investments. As of Mar. 31, 2025, the company had approximately $150 million of excess capital. Additional Financial Information and Earnings Call More detailed financial information can be found in the company's quarterly investor supplement, which is available on Voya's investor relations website, In addition, Voya will host a conference call on Wednesday, May 7, 2025, at 10 a.m. ET, to discuss the company's first-quarter 2025 results. The call and slide presentation can be accessed via the company's investor relations website at A replay of the call will be available on the company's investor relations website, starting at approximately 1 p.m. ET on May 7, 2025. About Voya Financial Voya Financial, Inc. (NYSE: VOYA) is a leading health, wealth and investment company with approximately 10,000 employees who are focused on achieving Voya's aspirational vision: "Clearing your path to financial confidence and a more fulfilling life." Through products, solutions and technologies, Voya helps its approximately 15.7 million individual, workplace and institutional clients become well planned, well invested and well protected. Benefitfocus, a Voya company and a leading benefits administration provider, extends the reach of Voya's workplace benefits and savings offerings by engaging directly with approximately 11.9 million employees in the U.S. Certified as a 'Great Place to Work' by the Great Place to Work ® Institute, Voya is purpose-driven and committed to conducting business in a way that is economically, ethically, socially and environmentally responsible. Voya has earned recognition as one of the World's Most Ethical Companies ® by Ethisphere; a member of the Bloomberg Gender-Equality Index; and a 'Best Place to Work for Disability Inclusion' on the Disability Equality Index. For more information, visit Follow Voya Financial on Facebook, LinkedIn and Instagram. Use of Non-GAAP Financial Measures We believe that Adjusted operating earnings before income taxes is a meaningful measure used by management to evaluate our business and segment performance. This measure enhances the understanding of our financial results by focusing on the operating performance and trends of the underlying core business segments. It excludes results from exited businesses and items that tend to be highly variable from period to period based on capital market conditions or other factors which distort the ability to make a meaningful evaluation of our segments. We use the same accounting policies and procedures to measure segment Adjusted operating earnings before income taxes as we do for the directly comparable U.S. GAAP measure Income (loss) before income taxes. Adjusted operating earnings before income taxes does not replace Income (loss) before income taxes as the U.S. GAAP measure of our consolidated results of operations. Therefore, we believe that it is useful to evaluate both measures when reviewing our financial and operating performance. Each segment's Adjusted operating earnings before income taxes is calculated by adjusting Income (loss) before income taxes for the following items: Net investment gains (losses); Income (loss) related to businesses exited or to be exited through reinsurance or divestment; Income (loss) attributable to noncontrolling interests to which we are not economically entitled; Dividend payments made to preferred shareholders are included as reductions to reflect the Adjusted operating earnings before income taxes that are available to common shareholders; Other adjustments may include the following items: Income (loss) related to early extinguishment of debt; Impairment of goodwill and intangible assets; Amortization of acquisition-related intangible assets as well as contingent consideration fair value adjustments; Expected return on plan assets net of interest costs associated with our qualified defined benefit pension plan and immediate recognition of net actuarial gains (losses) related to all of our pension and other postretirement benefit obligations and gains (losses) from plan amendments and curtailments; and Other items not indicative of normal operations or performance of our segments or that may be related to events such as capital or organizational restructurings, including certain costs related to debt and equity offerings, acquisition / merger integration expenses, severance and other third-party expenses associated with such activities, and expenses attributable to vacant real estate. Sources of Earnings We analyze our segment performance based on the sources of earnings. We believe that this supplemental information is useful because we use it to analyze our business and it can help investors understand the main drivers of Adjusted operating earnings before income taxes. The sources of earnings include: Investment spread and other investment income. Fee-based margin. Net underwriting gain (loss). Administrative expenses. Premium taxes, fees and assessments. Net commissions. DAC/VOBA and other intangibles amortization. Net Revenue and Adjusted Operating Margin Adjusted operating margin is defined as Adjusted operating earnings before income taxes divided by net revenue. Net revenue is the sum of investment spread and other investment income, fee-based margin, and net underwriting gain (loss). We also report net revenue and adjusted operating margin excluding notable items, such as alternative investment income above or below our long-term expectations. We report net revenue and adjusted operating margin excluding notable items since they provide the main drivers for Adjusted operating earnings before income taxes excluding the effects of items that are not expected to recur at the same level. Forward-Looking and Other Cautionary Statements This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The company does not assume any obligation to revise or update these statements to reflect new information, subsequent events or changes in strategy. Forward-looking statements include statements relating to future developments in our business or expectations for our future financial performance and any statement not involving a historical fact. Forward-looking statements use words such as 'anticipate,' 'believe,' 'estimate,' 'expect,' 'intend,' 'plan,' and other words and terms of similar meaning in connection with a discussion of future operating or financial performance. Actual results, performance or events may differ materially from those projected in any forward-looking statement due to, among other things, (i) global market risks, including general economic conditions, interest rates, inflation, tariffs imposed or threatened by the U.S. or foreign governments and our ability to manage such risks; (ii) liquidity and credit risks, including financial strength or credit ratings downgrades, requirements to post collateral, and availability of funds through dividends from our subsidiaries or lending programs; (iii) strategic and business risks, including our ability to maintain market share, achieve desired results from our acquisitions and dispositions, or otherwise manage our third-party relationships; (iv) investment risks, including the ability to achieve desired returns or liquidate certain assets; (v) operational risks, including cybersecurity and privacy failures and our dependence on third parties; and (vi) tax, regulatory and legal risks, including limits on our ability to use deferred tax assets, changes in law, regulation or accounting standards, and our ability to comply with regulations. Factors that may cause actual results to differ from those in any forward-looking statement also include those described under 'Risk Factors' and 'Management's Discussion and Analysis of Financial Condition and Results of Operations ('MD&A') – Trends and Uncertainties' in our Annual Report on Form 10-K for the year ended Dec. 31, 2024, as filed with the SEC on Feb. 21, 2025, and in our Quarterly Report on Form 10-Q for the three months ended Mar. 31, 2025, to be filed with the SEC on or before May 12, 2025. VOYA-IR VOYA-CF Reconciliation of Net Income (Loss) to Adjusted Operating Earnings and Earnings Per Share (Diluted) Three Months Ended (in millions USD, except per share) 3/31/2025 3/31/2024 After-tax (1) Per share After-tax (1) Per share Net Income (loss) available to Voya Financial, Inc.'s common shareholders $ 139 $ 1.42 $ 234 $ 2.24 Less: Net investment gains (losses) (1 ) (0.02 ) 50 0.48 Income (loss) related to businesses exited or to be exited through reinsurance or divestment (2) (31 ) (0.32 ) 13 0.12 Other adjustments (3) (24 ) (0.24 ) (14 ) (0.13 ) Adjusted operating earnings $ 195 $ 2.00 $ 185 $ 1.77 Less: Alternative investment income and prepayment fees above (below) expectations net of variable compensation (15 ) (0.15 ) (12 ) (0.11 ) Adjusted operating earnings excluding notable items $ 210 $ 2.15 $ 197 $ 1.88 Expand Note: Totals may not sum due to rounding. (1) For adjusted operating earnings, we apply a 21% tax rate and adjust for the dividends received deduction, tax credits, non-deductible compensation, and other tax benefits and expenses that relate to adjusted operating earnings. For net investment gains (losses), income (loss) related to businesses exited, and other non-operating items, we apply a 21% tax rate and adjust for related tax benefits and expenses, including changes to tax valuation allowances and impacts related to changes in tax law. (2) Includes a tax benefit of $38 million related to a divested business for the three months ended Mar. 31, 2024. (3) Primarily consists of acquisition and integration costs associated with recent transactions and amortization of acquisition-related intangible assets. For the three months ended Mar. 31, 2025, also includes $6 million, after-tax, of severance costs. Expand Adjusted Operating Earnings and Notable Items Three Months Ended Mar. 31, 2025 (in millions USD, except per share) Amounts Including Notable Items Alternative investment income and prepayment fees above (below) expectations (1) Amounts Excluding Notable Items a b c = a - b Adjusted operating earnings Wealth Solutions $ 207 $ (14 ) $ 222 Health Solutions 46 (2 ) 48 Investment Management 41 (2 ) 43 Corporate (62 ) — (62 ) Adjusted operating earnings before income taxes 232 (19 ) 251 Less: Income taxes (2) 37 (4 ) 41 Adjusted operating earnings after income taxes $ 195 $ (15 ) $ 210 Adjusted operating earnings per share 2.00 (0.15 ) 2.15 Expand Note: Totals may not sum due to rounding. (1) Amount by which Investment income from alternative investments and prepayments exceeds or is less than our expectations, net of variable compensation. The long-term expectation for alternative investments is a 9% annual return, which for the three months ended Mar. 31, 2025, was approximately $49 million, pre-tax and before variable compensation. The expectation for prepayment fees is between $1 million and $2 million for the three months ended Mar. 31, 2025, pre-tax and before variable compensation, as communicated in Feb. 2025. (2) For adjusted operating earnings, we apply a 21% tax rate and adjust for the dividends received deduction, tax credits, non-deductible compensation, and other tax benefits and expenses that relate to adjusted operating earnings. Expand Adjusted Operating Earnings and Notable Items Three Months Ended Mar. 31, 2024 a b c = a - b Adjusted operating earnings Wealth Solutions $ 186 $ (14 ) $ 200 Health Solutions 59 — 60 Investment Management 42 (1 ) 42 Corporate (63 ) — (63 ) Adjusted operating earnings before income taxes 224 (15 ) 238 Less: Income taxes (2) 38 (3 ) 42 Adjusted operating earnings after income taxes $ 185 $ (12 ) $ 197 Adjusted operating earnings per share 1.77 (0.11 ) 1.88 Expand Note: Totals may not sum due to rounding. (1) Amount by which Investment income from alternative investments and prepayments exceeds or is less than expectations, net of variable compensation. The long-term expectation for alternative investments is a 9% annual return, which for the three months ended Mar. 31, 2024, was approximately $46 million, pre-tax and before variable compensation. The prior long-term expectation for prepayment fees was a 10 basis point annual contribution to yield, which for the three months ended Mar. 31, 2024, was approximately $8 million, pre-tax and before variable compensation. (2) For adjusted operating earnings, we apply a 21% tax rate and adjust for the dividends received deduction, tax credits, non-deductible compensation, and other tax benefits and expenses that relate to adjusted operating earnings. Expand Net Revenue, Adjusted Operating Margin, and Notable Items Twelve Months Ended Mar. 31, 2025 (in millions USD) Amounts Including Notable Items Alternative investment income and prepayment fees above (below) expectations (1) Amounts Excluding Notable Items a b c = a - b Net revenue Wealth Solutions $ 2,119 $ (53 ) $ 2,173 Health Solutions 972 (9 ) 981 Investment Management 991 (11 ) 1,001 Total net revenue $ 4,082 $ (73 ) $ 4,155 Adjusted operating margin Wealth Solutions 39.7 % (1.5 )% 41.2 % Health Solutions 2.7 % (0.9 )% 3.6 % Investment Management 28.1 % (0.5 )% 28.6 % Adjusted operating margin, excluding Corporate 28.1 % (1.2 )% 29.2 % Expand Note: Totals may not sum due to rounding. (1) Amount by which Investment income from alternative investments and prepayments exceeds or is less than our expectations, net of variable compensation. Long-term expectation for alternative investments is a 9% annual return, which for the twelve months ended Mar. 31, 2025, was approximately $192 million, pre-tax and before variable compensation. The expectation for prepayment fees was approximately $29 million for the twelve months ended Mar. 31, 2025, pre-tax and before variable compensation. This reflects the updated expectation for periods after 2024 of approximately $1 million to $2 million per quarter as disclosed in Feb. 2025 and the prior long-term expectation for periods through 2024 of approximately $8 million to $10 million per quarter with both expectations pre-tax and before variable compensation. Expand Net Revenue, Adjusted Operating Margin, and Notable Items Twelve Months Ended Mar. 31, 2024 a b c d = a - b - c Net revenue Wealth Solutions $ 1,922 $ (91 ) $ — $ 2,013 Health Solutions 1,172 (8 ) (16 ) 1,196 Investment Management 921 (5 ) — 927 Total net revenue $ 4,015 $ (104 ) $ (16 ) $ 4,136 Adjusted operating margin Wealth Solutions 35.7 % (2.9 )% — % 38.6 % Health Solutions 23.9 % (0.5 )% (1.0 )% 25.4 % Investment Management 25.7 % (0.4 )% — 26.1 % Adjusted operating margin, excluding Corporate 29.9 % (1.8 )% (0.3 )% 32.0 % Expand Note: Totals may not sum due to rounding. (1) Amount by which Investment income from alternative investments and prepayments exceeds or is less than our expectations, net of variable compensation. The long-term expectation for alternative investments is a 9% annual return, which for the twelve months ended Mar. 31, 2024, was approximately $192 million, pre-tax and before variable compensation. The prior long-term expectation for prepayment fees was a 10 basis point annual contribution to yield, which for the twelve months ended Mar. 31, 2024, was approximately $37 million, pre-tax and before variable compensation. (2) Includes changes in certain legal and other reserves not expected to recur at the same level. Expand
