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Money Management

Voya’s AUM rises 1.8% in quarter, 6.5% for year

Voya Financial on Tuesday reported $313.5 billion in assets under management as of March 31, up 1.8% from the end of 2017 and 6.5% higher than a year earlier.

First-quarter retirement AUM was $143.7 billion, 4.1% above the end of the fourth quarter and up 14% from March 31, 2017, according to Voya's earnings statement.

The company's retirement segment had net outflows of $362 million in the first quarter, compared to net outflows of $476 million in the fourth quarter and net inflows of $611 million in the three months ended March 31, 2017.

Assets under administration totaled $227.9 billion as of March 31, down 6.8% from three months earlier but up 8.8% from the end of the first quarter last year.

Voya Financial had first-quarter net income of $446 million vs. net losses of $3.17 billion in the fourth quarter and $143 million in the first quarter of 2017.

Net revenue was $2 billion, down 9% from the fourth quarter and up 10% from a year ago.