Voya Financial's assets under management totaled $274 billion as of March 31, up 1% from three months earlier but down 3.5% from the year before, the manager said in its earnings report released Wednesday.
Assets under administration for the company were $184 billion as of March 31, up 1.7% from Dec. 31 but down 9% from March 31, 2015.
Voya's retirement segment had net inflows of $1.1 billion in the first quarter, vs. net inflows of $557 million in the fourth quarter and net inflows of $661 million for the first quarter of 2015.
Voya posted net income of $191.6 million for the first quarter, compared to a net loss of $106.8 million for the fourth quarter and net income of $189.6 million for the first quarter of 2015.
Total operating revenue, meanwhile, was $2.43 billion, up 12.2% from both the previous quarter and also from the same period a year earlier.
