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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 Investment Management has signed a definitive agreement to acquire Tygh Capital Management (TCM), a specialist in small-cap growth investing. The transaction, expected to close in Q1 2022, aims to enhance Voya’s equity capabilities and deliver alpha to clients. With $520 million in assets under management as of October 31, 2021, TCM will integrate its operations while maintaining its investment philosophy. All TCM employees will transition to Voya, fostering collaboration on their existing strategies.
Voya Financial (NYSE: VOYA) aims for a 12-17% annual growth in adjusted operating earnings per share (EPS) through 2024, driven by net revenue growth, margin expansion, and disciplined capital management. CEO Rodney O. Martin highlighted a strong focus on workplace and institutional services, promoting better health, wealth, and investment outcomes. The company expects significant free cash flow conversion over the next three years, alongside a target operating return on equity of 14-16%. In 2020, Voya reported $7.6 billion in revenue and $718 billion in total assets.
Voya Financial (NYSE: VOYA) has launched MyCompass American Funds, a new target date fund (TDF) for retirement plans, catering to the growing demand for active equity management. This series, which supports a more active approach, builds on the success of Voya’s MyCompass Index, which has surpassed
Voya Financial (NYSE: VOYA) will host an audio and video webcast of its 2021 investor day on Monday, Nov. 15, 2021, at 1 p.m. ET. The event will feature discussions on Voya’s strategy, business performance, and financial results by senior management. Investors can access the live stream on the company's investor relations website. A replay will be available starting at 11 a.m. ET on Nov. 16, 2021. Voya serves 14.8 million clients with a focus on being a socially responsible and ethical company.
Voya Financial reported a strong third-quarter 2021, achieving record adjusted operating earnings of $2.57 per diluted share compared to $0.30 from the previous year. The net income available to common shareholders stood at $142 million, or $1.15 per share. Significant operational growth was noted in Wealth Solutions, with full-service recurring deposits growing 8.7% year-over-year. Voya plans to repurchase at least $1.1 billion in common stock and increased its dividend by over 20% to $0.20 per share. Total assets under management reached $718 billion.
Voya Investment Management has announced key appointments to enhance its Equities platform, including the promotion of Vincent Costa to co-CIO and the addition of Eric Ross as a senior technology analyst. The restructuring includes a centralized research team, led by James Dorment and Kristy Finnegan as co-heads of fundamental research. Together, these changes aim to strengthen Voya's investment strategies and align with client demand, supporting the firm’s growth objectives.
Voya Financial, Inc. (NYSE: VOYA) has announced the redemption of its 3.125% Senior Notes due 2024, with an outstanding principal amount of
Voya Financial has declared a common stock dividend of
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