2/8/2023

speaker
Conference Operator
Operator

Good morning, and welcome to Voya Financial's fourth quarter and full year 2022 earnings conference call. All participants will be in a listen-only mode. Should you need assistance, please signal a conference specialist by pressing the star key followed by zero. After today's presentation, there will be an opportunity to ask questions. To ask a question, you may press star, then one on your touchstone phone. To withdraw your question, please press star two. Participants are limited to one question and one follow-up. Please note this event is being recorded. I would now like to turn the call over to Mike Katz, EVP of Finance. Please go ahead.

speaker
Mike Katz
EVP of Finance

Thank you, and good morning. Welcome to Voya Financial's fourth quarter and full year 2022 earnings conference call. We appreciate all of you who have joined us for this call. As a reminder, material for today's call are available on our website at investors.voya.com or via the webcast. Turning to slide two, some of the comments made during this call may contain forward-looking statements within the meaning of federal securities law. I refer you to this slide for more information. We will also be referring today to certain non-GAAP financial measures. GAAP reconciliations are available in our press release and financial supplement found on our website. We plan to release our fourth quarter 2022 financial supplement restated for the accounting impacts from long duration targeted improvements or LDTI with our first quarter 2023 earnings call. The restated financial supplement will include the impacts of the targeted improvements which go into effect in the first quarter 2023. That said, we do include forward-looking guidance related to LDTI in the analyst modeling considerations within our presentation. Joining me on the call are Rod Martin, our Executive Chairman, Heather LaValley, our Chief Executive Officer, and Don Templin, our Chief Financial Officer. After their prepared remarks, we will take your questions. For our Q&A session, we have also invited the heads of our businesses, Specifically, Christine Hertzellers, Investment Management, and Rob Grubka, Workplace Solutions. With that, let's turn to slide three, as I would like to turn the call over to Heather. Good morning.

speaker
Heather LaValley
Chief Executive Officer

I would like to begin by sharing how energized I am to serve as Voya's CEO and lead this management team as we execute on our strategic objectives and continue to deliver strong financial results for our shareholders. I also want to thank Rod for his leadership over the past decade. Thanks to Rod and the incredible work performed by so many across our company, Voya has been at the forefront of strategic developments in our industry in recent years. We've divested capital-intensive businesses, grown high ROE and free cash flow generating revenues, and deployed capital in a manner that maximized value for our shareholders. I'm enthusiastic about our leadership team and Voya's prospects as we continue to execute on our strategic and financial objectives this year and into the future. Together, we are guided by the same set of principles that have served Voya and its shareholders so well over the years. Careful stewardship of shareholder capital, skillful management of expenses, and a focus on profitable growth. And as I think back, to everything that our team has accomplished in just the past year, I see those principles in action. Today, we are reporting strong financial results for a year in which macro headwinds were among the most difficult we have faced. Across every business, we have proven our resiliency and our ability to execute. We carried out transformative M&A transactions throughout 2022 that have positioned Voya for strong growth in the years ahead. Our acquisition of Allianz GI's US asset management business has added scale and diversification to Voya Investment Management and is already delivering outstanding financial results. And we just recently closed our acquisition of BenefitFocus, adding a highly strategic business that provides the capabilities we need to fully capitalize on our workplace strategy. Through these two notable acquisitions, we have carried out in significant part the inorganic moves that we signaled at Investor Day just 16 months ago. We are focused on continuing to execute and deliver on integration of the businesses we have acquired, achievement of the strategic goals these transactions have enabled, and driving Voya's continued growth. Before I cover our key themes from the quarter and full year 2022, I'd like to ask Rod to say a few words. Brian?

Disclaimer

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