Voya Financial's assets under management totaled $283 billion as of June 30, up 1.3% from three months earlier and up 8.4% from a year earlier, said its earnings report released Wednesday.
Assets under administration, meanwhile, totaled $242 billion as of June 30, up 3.3% from March 31 and up 9.5% from June 30, 2013.
Voya's retirement segment saw AUM net outflows of $22 million, compared with net inflows of $44 million in the previous quarter and net inflows of $442 million in the second quarter of 2013.
Net income for the second quarter totaled $246 million, down from 4.7% from the previous quarter. The company reported a net loss of $82 million in the quarter ended June 30, 2013.
Total revenue was $2.69 billion for the second quarter, up 0.7% from the previous quarter and up 25.7% from the year-earlier quarter.
Voya Financial is the new name of ING U.S., which spun off last year from its former Dutch parent ING Group NV. The name change of the investment management division to Voya Investment Management from ING U.S. Investment Management was effective May 1.
