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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) announced that Yvette Butler has joined its board of directors. With over 25 years in financial services, Butler will serve on several committees, including compensation and benefits, and risk, investment and finance. Previously, she held executive roles at Capital One and Wells Fargo Advisors. Her expertise is expected to enhance Voya's strategic direction and operational execution. Butler's accolades include recognition as one of the Most Powerful Women in Washington. Voya continues to focus on delivering health, wealth, and investment solutions.
Voya Financial (NYSE: VOYA) will host a webcast and conference call on May 11, 2021, to discuss its financial results for the first quarter of 2021. The press release detailing these results will be issued after market close on May 10, 2021. Investors can access the webcast starting at 10 a.m. ET, including a slide presentation. Voya, a Fortune 500 company, reported $7.6 billion in revenue for 2020 and manages $700 billion in total assets as of December 31, 2020.
Voya Financial (NYSE: VOYA) has launched an enhanced version of its myHealthMoney digital assistant, providing personalized guidance on workplace benefits. Powered by SAVVI Financial, this tool helps employees make informed decisions regarding medical, dental, and supplemental health insurance, along with health savings accounts (HSAs) and flexible savings accounts (FSAs). The initiative aims to simplify health care choices, especially following the COVID-19 pandemic, where high costs and complex decisions have become more pronounced. Voya's research indicates that over 70% of employees seek decision-support tools for better financial management.
On March 29, 2021, Voya Financial (NYSE: VOYA) paid a quarterly dividend of $0.165 per share, which led to adjustments in the exercise price of its Warrants. The price decreased from $47.97 to $47.84, and the number of shares for each Warrant increased to approximately 1.0027 shares. These adjustments are effective immediately. Voya Financial, a Fortune 500 company with $7.6 billion in revenue for 2020, serves about 14.8 million customers and focuses on providing retirement and investment solutions.
Voya Financial (NYSE: VOYA) has been chosen as the new recordkeeper for Western Dental Services, Inc.'s 401(k) Retirement Savings Plan, which transitions in April 2021. This plan manages $95 million in assets and serves around 6,000 participants. Western Dental's decision highlights Voya's mobile capabilities and robust plan health reporting. Voya will provide educational tools and the Voya Retire mobile app to assist plan participants in managing their retirement savings. This partnership emphasizes Voya's commitment to financial wellness in the workplace.
Voya Prime Rate Trust (NYSE: PPR) has appointed Saba Capital Management as its new investment adviser, succeeding Voya Investments and Voya Investment Management. The transition, effective June 22, 2021, aims to ensure a smooth handover for shareholders. Saba, recognized as a leader in credit investing, manages $3.2 billion in assets and intends to expand the Fund's investment strategy while focusing on high current income. Shareholder approval for the new advisory agreement is required, with a special meeting scheduled for May 21, 2021.
The Board of Trustees of Voya Natural Resources Equity Income Fund (NYSE:IRR) has announced a Plan of Liquidation and Termination, effective on or about June 11, 2021. Following this date, the Fund will pay liquidating distributions to its common shareholders, determining eligibility as of the close of business on June 11. Share trading will be suspended on June 14, 2021, with expected cash distributions around June 18. The Fund will adjust its portfolio in preparation for liquidation and aims to ensure sufficient cash for any unpaid liabilities.
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