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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.
Voya Financial (NYSE: VOYA) has appointed Stacy Hughes as the new Senior Vice President and Chief Information Security Officer (CISO). With over 20 years of experience in IT initiatives at Fortune 500 companies, Hughes will oversee and enhance Voya's information security strategy. She aims to align security investments with business growth while mitigating risks in a rapidly evolving cyber landscape. Reporting to CIO Santhosh Keshavan, Hughes expressed enthusiasm for joining a company recognized for its strong culture and commitment to safeguarding customer data.
Voya Investment Management will host a webcast on May 12, 2022, from 4:30 p.m. to 5:00 p.m. ET for the Voya Global Advantage and Premium Opportunity Fund (IGA) and Voya Global Equity Dividend and Premium Opportunity Fund (IGD). Portfolio Managers Steven Wetter and Jason Rausch will provide insights into the funds' investment strategies and performance. Investors can register for the event online and submit questions via email by May 11. A replay will be available afterward.
Voya Financial (NYSE: VOYA) announced Q1 2022 results with net income at $0.24 per diluted share, influenced by investment losses. Adjusted operating earnings were $1.47 per diluted share, reflecting organic growth across all sectors. The company deployed approximately $713 million in excess capital, including $500 million in share repurchases and $192 million in debt redemption. Wealth Solutions reported an 11.2% increase in recurring deposits to $12.4 billion. Despite higher administrative costs and investment losses, Voya aims to maintain its strong capital deployment track record with an additional $500 million share repurchase authorization.
Voya Financial, Inc. (NYSE: VOYA) has declared a common stock dividend of $0.20 per share for Q2 2022, payable on June 29, 2022, to shareholders of record by May 25, 2022. The company also announced a quarterly dividend of $13.3750 per share on its Series B preferred stock, which is equivalent to $0.334375 per depositary share, payable on June 15, 2022, to shareholders of record by May 25, 2022. Voya serves over 14.3 million clients and reported $4.2 billion in revenue for 2021.
Voya Financial (NYSE: VOYA) recently released research in collaboration with the American Society for Healthcare Human Resources Administration highlighting the challenges faced by health care organizations post-COVID-19. Findings indicate that 83% of decision-makers view attracting and retaining high-quality staff as increasingly vital. The survey, conducted among over 200 health care organizations, emphasizes the importance of mental health support and wellness programs. Notably, 90% agree that employee benefit programs are essential for attracting talent, with many organizations enhancing retirement plan matches since January 2021.
Voya Financial (NYSE: VOYA) has appointed Tatyana Kibrik as the new Chief Technology Officer (CTO) of Voya Investment Management, effective April 19. Kibrik will lead technology initiatives aimed at enhancing Voya's investment and trading capabilities, focusing on data science, machine learning, and automation. With over 20 years of experience, including her previous role at Wells Fargo, she is expected to drive technological advancement aligning with Voya's growth strategies. This appointment reflects Voya's commitment to integrating technology into operations for better client outcomes.
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