Welcome to our dedicated page for VOYA FINANCIAL news (Ticker: VOYA), a resource for investors and traders seeking the latest updates and insights on VOYA FINANCIAL stock.
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) has introduced the Voya/RAM Focus Stable Value Fund, managed in collaboration with Ramirez Asset Management. This fund aims to offer distinct sector allocations and manager diversity to enhancing retirement security. It targets workplace retirement plans and focuses on delivering high-quality, diversified fixed income portfolios designed for optimal risk-adjusted returns. Featuring a dynamic sector allocation process and a rigorous security selection process, this new fund reflects over 70 years of combined investment experience from Voya IM and RAM.
Voya Financial (NYSE: VOYA) will host an investor day on November 15, 2021, in New York City and via a webcast starting at 1 p.m. ET. Senior management will discuss Voya's strategy, business performance, and financial results during the event. Further details regarding the webcast will be announced closer to the date. Voya Financial serves approximately 14.8 million clients and reported $7.6 billion in revenue for 2020. The company is recognized for its commitment to ethical business practices and workplace inclusivity.
Voya Investment Management (VOYA) announced the first close of a new infrastructure debt fund with over $300 million in commitments, focusing on renewable energy project financing. Co-heads Tom Emmons and Edward Levin noted significant demand for late-stage financing in this sector. The firm has made three renewable energy investments to date, primarily focusing on wind and solar projects. The new team's expertise enhances Voya IM's $70+ billion private and alternative investments portfolio, reinforcing its position in the growing renewable energy infrastructure market.
Voya Financial, Inc. (NYSE: VOYA) has completed the sale of its independent financial planning channel, Voya Financial Advisors (VFA), to Cetera Financial Group. This transaction involves over 800 independent financial professionals joining Cetera, while around 600 professionals will remain with VFA to support Voya's workplace businesses. Voya gained over $300 million in deployable proceeds from this sale. CEO Rodney O. Martin, Jr. emphasized this strategic move aligns with Voya's focus on advancing client support through workplace solutions.
Voya Financial has been recognized as the fastest growing company in the large-carrier category based on voluntary sales, achieving a remarkable 19% growth in 2020, totaling $202 million. This surpasses the overall industry decline of 15.5% from 2019. Voya's performance stands out as it also outpaced growth in the previous two years, with only three other competitors achieving positive growth in 2020. This recognition highlights Voya's commitment to addressing the health and wealth needs of Americans amidst the challenges posed by the pandemic.
Voya Financial (NYSE: VOYA) announced key executives, including Rodney O. Martin, Jr. and Michael Smith, will speak at the Morgan Stanley US Financials, Payments & CRE Conference on June 14, 2021, at 2 p.m. ET. Interested listeners are encouraged to access the webcast early to ensure proper setup. Voya, which provides health, wealth, and investment solutions to around 14.8 million clients, reported $7.6 billion in revenue in 2020 and manages assets totaling $729 billion as of March 31, 2021.
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