Voya Financial AUM up 2.6% for quarter, 5% for year

Voya Financial on Tuesday reported $305.9 billion in assets under management as of June 30, up 2.6% from three months earlier and up 5% from a year earlier.

The company's retirement segment had $154.4 billion in assets under management, up 2.7% from March 31 and up 5.8% from June 30, 2018.

Assets under administration and advisement totaled $247.3 billion as of June 30, a 2.4% increase over AUA reported for March 31. Starting in the first quarter, Voya began including assets under its assets under administration and assets under advisement combined, according to the company's first-quarter earnings report.

Voya's consolidated AUM includes assets from its investment management, retirement, employee benefits and individual life insurance segments, the earnings report said.

During the second quarter, Voya Financial reported net income of $226 million, up 253% from the first quarter and up 36.1% from second quarter of 2018.

The company reported net revenue of $2.3 billion, up 6.8% from the previous quarter and up 11% from the year-earlier quarter.