#1Voya Financial Announces Transaction with Allianz Global Investors June 13, 2022 PLAN INVEST I PROTECT VOYA#2Forward-Looking and Other Cautionary Statements This presentation and the remarks made orally contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The company does not assume any obligation to revise or update these statements to reflect new information, subsequent events or changes in strategy. Forward-looking statements include statements relating to future developments in our business or expectations for our future financial performance and any statement not involving a historical fact. Forward-looking statements use words such as “anticipate,” “believe,” “estimate,” “expect,” “intend,” “plan,” and other words and terms of similar meaning in connection with a discussion of future operating or financial performance. Actual results, performance or events may differ materially from those projected in any forward-looking statement due to, among other things, (i) general economic conditions, particularly economic conditions in our core markets, (ii) performance of financial markets, (iii) the frequency and severity of insured loss events, (iv) the effects of natural or man-made disasters, including pandemic events and specifically the current COVID-19 pandemic event, (v) mortality and morbidity levels, (vi) persistency and lapse levels, (vii) interest rates, (viii) currency exchange rates, (ix) general competitive factors, (x) changes in laws and regulations, such as those relating to Federal taxation, state insurance regulations and NAIC regulations and guidelines, (xi) changes in the policies of governments and/or regulatory authorities, (xii) our ability to successfully manage the separation of our individual life business on the expected timeline and economic terms, and (xiii) our ability to successfully complete a strategic partnership transaction with AllianzGI on the expected economic terms or at all. Factors that may cause actual results to differ from those in any forward-looking statement also include those described under "Risk Factors” and "Management's Discussion and Analysis of Results of Operations and Financial Condition ("MD&A”) - Trends and Uncertainties" in our Annual Report on Form 10-K for the year ended Dec. 31, 2021, as filed with the Securities and Exchange Commission ("SEC") on Feb. 22, 2022 and in our Quarterly Report on Form 10-Q for the three months ended March 31, 2022, filed with the SEC on May 5, 2022. This presentation and the remarks made orally contain certain non-GAAP financial measures. Non-GAAP measures include Adjusted Operating Earnings, Adjusted Operating Return on Capital, Adjusted Operating Margin, and Adjusted debt-to-capital ratio. Information regarding these and other non-GAAP financial measures, including reconciliations to the most directly comparable GAAP financial measures, is provided in our quarterly earnings press releases and in our quarterly investor supplements, all of which are available at the Investor Relations section of Voya Financial's website at investors.voya.com. PLAN INVEST | PROTECT 2 VOYA FINANCIAL#3Transaction with Allianz Global Investors is Highly Strategic Expands international distribution through long-term strategic partnership with Allianz Global Investors (AllianzGI) Addition of complementary strategies and scale that diversifies client mix across retail and institutional, and U.S. and international Immediately cash accretive to Voya, 6% -8%1 Improves margin profile for Voya IM to 30% -32%2 2 1 Estimation to 2023 EPS on a cash basis. 2 Excluding notable items. PLAN INVEST | PROTECT 3 VOYA FINANCIAL#4Transaction Overview Accelerates Voya IM's growth plans and adds scale Transaction structure provides favorable terms Voya IM AUM¹ increases to approximately $370 billion on a pro forma basis Substantially enhances international reach through strategic distribution partnership Adds talented, highly complementary income and growth, fundamental equity, and private placement investment teams in the U.S. Significantly diversifies client mix across retail, institutional, U.S. and international Following the transaction, Voya will hold a 76% economic stake and Allianz Group will hold a 24% economic stake in the combined asset manager Voya protected against AUM attrition No exposure to AllianzGI legacy litigation issues No external financing or use of Voya's excess capital Multiple financial benefits Immediately cash accretive, 6% - 8% to adjusted operating earnings per share in 2023 Investment Management adjusted operating margin to increase from 26%² to 30% - 32%3 Continued flexibility to generate further shareholder value and support our EPS growth plans Timing Transaction expected to close in July 2022, at which time Voya will have full operational control 1 AUM data as of 31-Mar-2022. 21Q'22 Adjusted Operating Margin TTM, excluding notable items (excess alts/prepays and other items listed on slide 17 of the first quarter 2022 Investor Presentation). 3 Excluding notable items. PLAN INVEST | PROTECT VOYA FINANCIAL 4#5Financially Compelling Transaction ($ in millions, unless otherwise stated) Highly Accretive to Key Financial Metrics Attractive Pro Forma Operating Margin Immediately accretive to cash EPS 6% to 8% 1 EPS Accretion Voya IM Adjusted Operating Margin ■Transaction improves Margin profile for Voya IM 26%² 30% to 32%³ Pro Forma Maintain Financial Flexibility Preserves excess capital position and no impact to share repurchase program $0.9 Billion Q1 2022 Excess Capital 1 Estimation to 2023 EPS on a cash basis. 21Q'22 Adjusted Operating Margin TTM, excluding notable items (excess alts/prepays and other items listed on slide 17 of the first quarter 2022 Investor Presentation). 3 Excluding notable items. PLAN INVEST | PROTECT 5 VOYA FINANCIAL#6Appendix VOYA FINANCIAL#7Long-Term International Distribution Partnership with a Leading Global Asset Manager • EMEA 11 Locations • 315 Relationship Managers 53% Retail Distribution1 Europe Brussels Frankfurt ⚫ • London • Luxembourg • Madrid • • Milan Munich Paris Rotterdam Stockholm Zurich APAC 8 Locations • 191 Relationship Managers • 68% Retail Distribution1 . Asia Pacific ⚫ Hong Kong • • Kaohsiung ⚫ Shanghai ⚫ Singapore Taichung • Taipei ⚫ Tokyo Sydney 1 Voya IM Non-US client base to grow from 9% to 27%² Represents the percentage of retail AUM in distribution channel for AGI in EMEA and APAC regions as of 31-Dec-2021. 2 AUM data as of 31-Mar-2022. PLAN INVEST | PROTECT VOYA FINANCIAL 7#8By Geography By Client Type By Asset Class AllianzGI US Transferring Diversified Assets to Voya IM Voya IM1 $253 Billion Alts & Other 8% Money Market + AllianzGI US1 $120 Billion Alts & Other 13% Pro Forma1 $373 Billion Alts & Other 10% Money Market 1% Fixed Income 69% 1% Equity 23% Fixed Income 38% GA 15% Institutional 57% Retail 28% Non-US 9% O 1 AUM data as of 31-Mar-2022. PLAN INVEST | PROTECT US 91% Retail 67% Equity 48% Fixed Income 59% Institutional 33% GA 10% Retail 41% Equity 31% Institutional 49% O Non-US 66% US 34% Non-US 27% 8 US 73% VOYA FINANCIAL