Voya Financial's assets under management totaled $279 billion as of Sept. 30, down 1.4% from three months earlier but up 4.5% from a year earlier, said its earnings report released Wednesday.
Assets under administration, meanwhile, totaled $241 billion as of Sept. 30, down 0.4% from June 30 but up 6% from Sept. 30, 2013.
Voya's retirement segment saw AUM net outflows of $66 million, compared with net outflows of $22 million in the previous quarter and net inflows of $234 million in the third quarter of 2013.
Net income for the third quarter totaled $401 million, up 63% from the previous quarter and up 15.6% from the same quarter the year before. Total revenue was $3.91 billion for the third quarter, up 18.2% from the previous quarter and up 31% 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.
