VOYA FINANCIAL, INC. - VOYA STOCK NEWS

Voya Financial, Inc. (NYSE: VOYA) announced the appointment of Lynne Biggar to its board of directors, effective March 15, 2022. Biggar, who previously served on Voya's board from 2014 to 2021, brings extensive experience from her former role as executive vice president and global chief marketing officer at Visa. She will join various committees, including the audit and compensation committees. Voya’s CEO Rodney O. Martin Jr. praised Biggar’s significant contributions to Voya’s strategy, diversity initiatives, and digital investments.

Voya Financial (NYSE: VOYA) has launched a new grant program aimed at supporting small businesses owned by individuals from underrepresented communities. Five Black-owned, technology-focused businesses will each receive $10,000 to foster growth. This initiative is part of Voya's commitment to diversity, equity, and inclusion, focusing on enhancing opportunities in the technology sector.

The grant recipients include companies like Imani Software and LiftEd, which provide educational tech solutions. Voya's mission is to create a secure financial future for all.

Voya Financial has unveiled a study in collaboration with major universities showing that reformulating retirement savings rates as “pennies per dollar” significantly enhances savings behavior, particularly among lower-income workers. The randomized study involved 2,200 individuals and revealed that displaying a 7% savings rate as “7 pennies” encouraged an increase to an average savings rate of 8.0%. This simple change could potentially raise retirement income by nearly 20%. Voya emphasizes the importance of addressing savings gaps through accessible behavioral finance approaches.

Voya Investment Management has announced a significant growth in its private placement debt portfolio, reaching $23.4 billion in assets under management (AUM). In 2021, Voya committed $4.4 billion across private placements, including $3.7 billion for institutional clients. The demand for private credit is on the rise, with around $90 billion issued in the market. Infrastructure debt accounted for $1.2 billion, or 27%, of Voya's total funding in 2021, reflecting a focus on renewable energy and ESG investments.

Voya Financial, Inc. (NYSE: VOYA) announced that its CEO, Rodney O. Martin, Jr., will participate in the 2022 Credit Suisse Financial Services Forum on February 18 at 10:30 a.m. ET. The event will be available via webcast, with instructions for listeners to log in 15 minutes early for software requirements. Voya serves 14.3 million clients and reported $4.2 billion in revenue for 2021, managing assets totaling $739 billion as of December 31, 2021. The firm is recognized for its commitment to ethical business practices and employee inclusion.

Voya Financial (NYSE: VOYA) reported strong financial results for Q4 and FY 2021. Q4 net income per diluted share was $3.36, with adjusted operating earnings of $1.90. For the full year, net income was $16.61 per share, and record adjusted operating earnings reached $8.37 per share. The company generated $1 billion in excess capital and returned $331 million to shareholders in Q4. Key segments showed growth: Wealth Solutions deposits increased by 9%, Investment Management net inflows totaled $7.8 billion, and Health Solutions premiums rose by 10%. Voya maintains a robust financial outlook.

Voya Financial (NYSE: VOYA) announced that CEO Rodney O. Martin Jr. and CFO Michael Smith will present at the Bank of America Insurance Conference on February 16, 2022, at approximately 1:55 p.m. ET. Interested parties can access the webcast here, and are advised to log in 15 minutes prior to the event. Voya Financial is a leading investment company that serves 14.8 million clients, with $7.6 billion in revenue for 2020 and $718 billion in total assets under management as of September 30, 2021.