Voya Financial Inc. today reported fourth-quarter after-tax operating earnings of $245 million, compared with $198 million in the fourth quarter of 2013. Net income available to common shareholders was $1,395 million, or $5.66 per share, compared with $548 million, or $2.08 per share in the fourth quarter of 2013. In 2014, the company increased its adjusted operating return on equity by 180 basis points from its year-end 2013 level to reach its target of 12 to 13 percent, two years ahead of schedule, Chairman and CEO Rodney Martin Jr. said in a release. Over the next four years Voya Financial will make strategic investments of up to $350 million in areas such as digital and analytics technologies and repurchase approximately $800 million in common stock, Martin said.