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Voya Financial, Inc. (NYSE: VOYA) is a premier provider of retirement, investment, and insurance solutions, serving approximately 13 million individual and institutional customers across the United States. Headquartered in New York, Voya operates with a clear mission to secure financial futures through its diverse product offerings and dedicated service.
Voya Financial operates through three main segments: Wealth Solutions, Investment Management, and Health Solutions. The Wealth Solutions segment, which generates roughly half of the company's revenue, provides tax-advantaged retirement savings plans and individual retirement accounts tailored to meet the needs of various customer groups. Investment Management offers a range of asset management services, while Health Solutions provides group life insurance plans and employee benefit products.
Recently, Voya has been recognized for its advanced digital capabilities and commitment to enhancing customer experiences. The company has partnered with Oracle to leverage Oracle Database@Azure, ensuring secure, high-performance cloud services to its clients. This move underscores Voya’s dedication to technological advancement and customer-centric service delivery.
With a workforce of approximately 6,500 employees and a strong focus on corporate responsibility, Voya is deeply committed to helping individuals and institutions achieve better retirement readiness. The company's vision, encapsulated in its tagline “America’s Retirement Company™”, emphasizes guiding Americans towards financial stability and security, one person, one family, and one institution at a time.
For more information about Voya Financial, Inc., visit voya.com.
Easterseals and Voya Cares have released a research paper titled Employment Extenders: A (labor) force to be reckoned with to explore the rising trend of older workers in the U.S. Most respondents indicated they are working longer due to insufficient retirement savings, with over half having less than $500,000 saved. The study identified four profiles of Employment Extenders: 'Want to Work,' 'Part of the Plan,' 'Worriers,' and 'Need to Work.' Employers are encouraged to adapt workplace benefits to meet the unique needs of this demographic, which includes providing education on retirement transitioning, income-focused retirement plans, and maximizing benefits.
Voya Financial, Inc. (NYSE: VOYA) reported its fourth-quarter and full-year 2022 financial results, with fourth-quarter net income at $1.77 per diluted share and full-year net income at $4.30 per share. Adjusted operating earnings rose 31% in Q4 and 24% for the year, exceeding the growth target of 12% to 17%. The company generated over $600 million in excess capital in 2022 and plans to resume share repurchases in Q2 2023. Significant growth was noted in Wealth Solutions, Health Solutions, and Investment Management, with annualized in-force premiums up 10.8%. The acquisition of Benefitfocus was completed in January 2023, enhancing Voya's benefits administration capacity.
WisdomTree (NYSE: WT) and Voya Investment Management (NYSE: VOYA) launched the WisdomTree Voya Yield Enhanced USD Universal Bond Fund (UNIY) on NASDAQ. The fund aims to track the Bloomberg US Universal Enhanced Yield Index and has an expense ratio of 15 basis points. UNIY will provide investors exposure to the US dollar-denominated debt market while enhancing yield. This collaboration strengthens the long-term relationship between WisdomTree and Voya. UNIY offers potential investment opportunities by broadening sectors, exposing investors to various asset classes, and enhancing yield within specific risk parameters.
Voya Financial (NYSE: VOYA) will participate in the Bank of America Insurance Conference on February 14 at 2:30 p.m. ET. Key executives, including CEO Heather Lavallee, CFO Don Templin, and EVP Michael Katz, will represent the company. The presentation will be available via a live webcast. Interested parties are encouraged to log in 15 minutes early to ensure proper software installation. Voya Financial is committed to delivering health, wealth, and investment solutions, serving approximately 14.3 million clients and managing $711 billion in assets as of September 30, 2022.
Voya Financial, Inc. (NYSE: VOYA) announced participation in the 2023 Credit Suisse Financial Services Forum on February 13 at 3:30 p.m. ET. Executive chairman Rodney O. Martin, Jr., CEO Heather Lavallee, and executive vice president Michael Katz will represent the company. The event will be accessible via a webcast, with attendees encouraged to log on 15 minutes early for software installation. Voya, recognized for its commitment to ethical practices, serves 14.3 million clients and manages approximately $711 billion in assets. The company is dedicated to providing a better financial future through innovative solutions.
Voya Financial, Inc. (NYSE: VOYA) has declared a common stock dividend of $0.20 per share for the first quarter of 2023, payable on March 29, 2023, to shareholders of record as of February 24, 2023. Additionally, the board approved a semi-annual dividend of $30.625 per share on the Series A 6.125% preferred stock and a quarterly dividend of $13.3750 per share on the Series B 5.35% preferred stock, both payable on March 15, 2023. As of September 30, 2022, Voya managed approximately $711 billion in total assets, serving around 14.3 million clients.
Voya Financial, Inc. (NYSE: VOYA) has scheduled its annual meeting of stockholders for May 25, 2023, at 11:00 a.m. ET. Common stockholders recorded by the close of business on March 29, 2023, will have voting rights at this online-only meeting. Further details regarding the meeting will be provided in Voya's proxy statement, which will be filed prior to the event.
Voya Financial is a leading health, wealth, and investment company, serving over 14.3 million clients and managing approximately $711 billion in total assets as of September 30, 2022.
Voya Financial, Inc. (NYSE: VOYA) has completed the acquisition of Benefitfocus, Inc., a technology company specializing in benefits administration, originally announced on November 1, 2022. This strategic move enhances Voya's offerings in workplace benefits and savings, now impacting approximately 38 million individuals in the U.S. The acquisition aims to improve integrated health and wealth solutions for employers and health plans, thus enhancing employee wellbeing. Voya plans to outline its financial insights from this acquisition during its upcoming earnings call on February 8, 2023.
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