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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) 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.
Voya Financial reported a strong second quarter of 2021, with net income available to common shareholders at $459 million ($3.53 per diluted share), a significant recovery from a loss of $66 million in the same period last year. Adjusted operating earnings surged to a record $287 million ($2.20 per diluted share), driven by robust investment income and business performance. Wealth Solutions saw a 6.7% increase in recurring deposits, while Health Solutions' premiums rose 9.8%. The company also repurchased $518 million in common stock in Q2 and maintains $1.5 billion in excess capital.
Voya Financial (NYSE: VOYA) announced a common stock dividend of $0.165 per share for Q3 2021, payable on Sept. 29, 2021, to shareholders of record as of Aug. 26, 2021. The board also declared a semi-annual dividend of $30.625 per share on Series A fixed-rate preferred stock and a quarterly dividend of $13.3750 per share on Series B preferred stock, both payable on Sept. 15, 2021. Voya continues to focus on helping its approximately 14.8 million clients achieve financial wellness.
Voya Financial (NYSE: VOYA) has released new data showing that 72% of retirement plan participants increased their savings rates in Q2 2021. This aligns with findings from Voya’s research indicating that 63% of Americans are now more focused on retirement planning post-COVID-19. The pandemic has contributed to a significant shift in savings behavior, with 72% of Americans identifying as savers rather than spenders. Voya highlights the importance of employer support in enhancing financial wellness as open enrollment approaches, with 81% of employees seeking help to improve their financial health.
Voya Financial, Inc. (NYSE: VOYA) will announce its second quarter 2021 financial results on Aug. 5, 2021, after market close, followed by a conference call on Aug. 6, 2021, from 10 a.m. to 11 a.m. ET. The results, along with additional investor materials, will be available on the company's investor relations website. Voya aims to assist approximately 14.8 million clients with their financial wellness goals, reporting $7.6 billion in revenue for 2020 and managing $729 billion in assets as of March 31, 2021.
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