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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.
On Sept. 29, 2021, Voya Financial (NYSE: VOYA) paid a quarterly dividend of $0.165 per share on its common stock. This payment led to an adjustment in the exercise price of its Warrants from $47.73 to $47.62 per share. Additionally, the number of shares each Warrant is exercisable for was changed to 1.002359604. These adjustments are effective from Sept. 29, 2021.
Voya Financial reported $7.6 billion in revenue for 2020 and has $721 billion in total assets under management as of June 30, 2021.
Voya Financial (NYSE: VOYA) has received the Great Place to Work certification for the sixth consecutive year, with 85% of surveyed employees affirming it as a great workplace—59% higher than the U.S. average. The certification is based on feedback from over 1,700 employees, with notable responses showing that 94% appreciate Voya's community contributions and 92% feel welcomed upon joining. This recognition reflects Voya's ongoing commitment to fostering a culture of inclusion and achievement.
BNY Mellon Investment Management, with $2.3 trillion in assets, announced that Voya Financial will be the first recordkeeper to support its Custom Target Date Builder (CTDB) solution, enhancing access to customizable retirement portfolios for advisors. Launched in December 2020, CTDB allows advisors to offer custom retirement solutions across various plan sizes. Andy Provencher of BNY Mellon and Jeff Cimini of Voya emphasize the importance of this collaboration for improving retirement outcomes.
Voya Financial (NYSE: VOYA) announced its support for the ABLE Employment Flexibility Act (H.R. 4672), aimed at enhancing financial wellbeing for workers with disabilities. The bill proposes equal tax treatment for employer contributions to ABLE accounts and retirement plans, making it easier for employees with disabilities to save without losing access to government benefits. Currently, these contributions do not receive tax deduction status. The legislation would help employees retain eligibility for vital means-tested benefits while allowing savings up to $15,000 annually.
Voya Financial (NYSE: VOYA) has released its 2020-2021 Impact Report showcasing its environmental, social, and governance (ESG) efforts from January 1, 2020, to June 30, 2021. The report, themed 'Together in Action', details Voya's ESG strategy, climate change initiatives, diversity efforts, and financial wellness programs. Highlights include Voya's governance practices, new solutions aimed at financial inclusion, and its commitment to a just society. The report adheres to Global Reporting Initiative standards, reinforcing Voya’s position as a responsible corporate citizen.
Voya Financial, Inc. (NYSE: VOYA) has enhanced its critical illness insurance to address employees' financial wellness needs post-COVID-19. The updated offering includes an Absence from Employment Premium Waiver to alleviate premium payments for employees on leave and an Infectious Disease Benefit, now explicitly covering COVID-19. Recent research indicates 81% of employees desire employer support for financial wellness, emphasizing the importance of such benefits. Voya aims to support employees by easing financial burdens during health crises, promoting recovery and peace of mind.
Voya Financial, Inc. (NYSE: VOYA) announced that Michael Smith, vice chairman and CFO, will participate in the 2021 KBW Insurance Conference on September 9, 2021, at approximately 3:40 p.m. ET. A webcast will be available for those interested, and participants are advised to log in 15 minutes early to prepare. Voya serves about 14.8 million clients, offering health, wealth, and investment solutions. In 2020, Voya reported $7.6 billion in revenue and managed $721 billion in assets as of June 30, 2021. The company is recognized for its commitment to ethical business practices.
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