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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) will host a webcast and conference call on May 4, 2022, to discuss its first-quarter 2022 financial results, which will be released after market close on May 3, 2022. Investors can access the webcast on Voya's investor relations website. The company, serving 14.3 million clients, reported $4.2 billion in revenue for 2021 and has $739 billion in total assets under management as of December 31, 2021. Voya is recognized for its ethical practices and workplace quality.
Voya Financial (NYSE: VOYA) has appointed Jessica Saperstein as its new chief customer experience officer, effective April 4. Saperstein is tasked with leading a team to enhance Voya's long-term customer experience strategy by collaborating with various departments including Health Solutions and Wealth Solutions. With over 20 years of industry experience, she previously headed marketing and customer experience at Novartis Pharmaceuticals. Voya aims to improve customer outcomes through a unified experience across its services.
On March 30, 2022, Voya Financial (NYSE: VOYA) paid a quarterly dividend of $0.20 per share on its common stock. This resulted in adjustments to the exercise price of its Warrants from $47.48 to $47.36, effective as of the payment date. Each Warrant is now exercisable for approximately 1.0294 shares of Common Stock. Voya Financial serves 14.3 million clients and reported $4.2 billion in revenue for 2021, with total assets under management at $739 billion as of December 31, 2021.
Voya Financial, Inc. (NYSE: VOYA) has enhanced its Voya Retire mobile app, improving user experience with features such as an upgraded login, new global navigation menu, and expanded access to retirement planning tools. The updates come amid a digital engagement milestone, with over 101 million interactions in 2021, highlighting a 14% increase from 2020. Voya aims to simplify retirement management for users, integrating functions like beneficiary designations and professional advice access to enhance financial wellness.
Voya Financial, Inc. (NYSE: VOYA) has been retained as the recordkeeper and service provider for the City of Milwaukee Deferred Compensation Plan, extending their partnership for five additional years. The plan, which supports 9,300 employees, holds approximately $1 billion in assets under administration. This relationship enables city employees to access administrative services, educational tools, and professional account management. Voya aims to enhance financial wellness and customer experience as they continue this collaboration with Milwaukee.
Voya Investment Management has partnered with iCapital to enhance access to alternative and private fund offerings for financial advisors and high-net-worth clients. Utilizing iCapital’s technology, Voya's Pomona Investment Fund (PIF), with approximately $550 million in assets under management, aims to streamline subscription and investment processes. PIF, which focuses on secondary interests in private equity funds, had a net return of 44.35% for 2021. The partnership seeks to expand Voya's alternatives offering, improving client experiences in private equity investments.
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