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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, Inc. (NYSE: VOYA) announced participation in the Morgan Stanley US Financials, Payments & CRE Conference on June 13, 2022, at 2:30 p.m. ET. Key executives, including chairman and CEO Rodney O. Martin, Jr., CFO Michael Smith, and CGO Charles Nelson, will present. Investors can access a live webcast through Voya’s investor relations website. Voya, serving 14.3 million clients with $707 billion in assets under management as of March 31, 2022, is recognized for its commitment to ethical practices and workplace excellence.
Voya Financial has announced a memorandum of understanding for the acquisition of substantial assets from Allianz Global Investors’ U.S. operations. This strategic move will increase Voya Investment Management's assets under management to approximately $370 billion. The deal includes a long-term distribution partnership where AllianzGI will promote Voya IM’s strategies internationally. AllianzGI will receive up to a 24% stake in Voya IM. The acquisition aims to enhance Voya's investment capabilities while maintaining a strong capital position for future growth.
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.
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