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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 (NYSE: VOYA) reported strong financial results for Q4 and FY 2020, achieving a 21% increase in normalized adjusted operating earnings per share year-over-year. The company saw a 6.9% rise in full-service recurring deposits in its Retirement segment and generated $8.4 billion in positive net flows in Investment Management. Voya completed key sales to streamline operations, focusing on workplace clients, and announced a $1 billion share repurchase authorization. Despite challenges from the pandemic, Voya remains optimistic about future growth and client interest in its offerings.
Voya Financial, Inc. (NYSE: VOYA) has scheduled its annual meeting of stockholders for May 27, 2021, at 11:00 a.m. ET. Stockholders of record as of March 30, 2021, will be eligible to vote. The meeting will be conducted online, with further details to be provided in the proxy statement to be filed prior to the meeting. Voya serves approximately 13.8 million customers and reported $7.5 billion in revenue in 2019, managing $657 billion in assets as of September 30, 2020.
Voya Financial (NYSE: VOYA) has partnered with the National Down Syndrome Society (NDSS) to launch the Financial Wellness: A guide for individuals with disabilities, their families and caregivers. This guide addresses the unique financial needs of the disability community, including key insights on personal assets and benefits. It aims to help individuals make informed decisions that enable financial independence. NDSS President Kandi Pickard emphasized the gap in financial resources for this community, while Voya's Jessica Tuman highlighted the importance of understanding government benefit interactions for long-term planning.
Voya Financial, Inc. (NYSE: VOYA) has declared a common stock dividend of $0.165 per share for Q1 2021, payable on March 29, 2021. Shareholders of record as of February 26, 2021 will receive this dividend. Additionally, Voya announced a semi-annual dividend of $30.625 per share on its Series A preferred stock and a quarterly dividend of $13.3750 per share on its Series B preferred stock, both payable on March 15, 2021. The decision reflects Voya's commitment to shareholder returns, having returned approximately $6.5 billion in excess capital since its IPO.
Voya Financial (NYSE: VOYA) announced that Rodney O. Martin, Jr., CEO, and Michael Smith, CFO, will participate in the Bank of America Insurance Conference on Feb. 11, 2021, at 1:35 p.m. ET. The event will be available via webcast on Voya's investor relations website.
Voya serves approximately 13.8 million customers in the U.S., with a revenue of $7.5 billion in 2019 and total assets under management totaling $657 billion as of Sept. 30, 2020. The company emphasizes its commitment to social responsibility and has earned several accolades, including being a 2020 World’s Most Admired Company.
Voya Financial announced its Retirement business has secured the No. 1 ranking in plan assets for the government 457/401(a) market, according to the SRI's third-quarter 2020 survey. Voya is responsible for recordkeeping approximately $121.5 billion in assets, achieving an 80% growth year-over-year. The firm has also reported over $27 billion in contributions for the year as of September 30, 2020. Voya supports more than 3,700 government plans and has gained 30 new clients, helping an additional 348,000 plan participants during challenging economic conditions.
The Board of Trustees of Voya Prime Rate Trust (NYSE: PPR) has decided to repay the Fund's outstanding borrowings under its line of credit (LOC). This action addresses concerns about the LOC terms and long-term extension possibilities. As of January 15, 2021, the Adviser has sold senior loans sufficient to clear the LOC balance, temporarily managing the Fund without leverage. The balance will be repaid during normal business operations, with future leverage remaining a possibility. The Board will continue to assess the Fund's distribution levels.
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