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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) 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.
The Board of Trustees of Voya International High Dividend Equity Income Fund (IID) has announced a Plan of Liquidation and Termination, effective March 31, 2021. Following this date, the Fund will liquidate its assets, settle unpaid liabilities, and make cash distributions to common shareholders, with the final distribution expected around April 5, 2021. Trading of the Fund's shares on the NYSE will cease before the start of business on April 1, 2021. Investors should expect additional details regarding the liquidation process in due course.
Voya Financial, Inc. (NYSE: VOYA) will hold a webcast and conference call to discuss its financial results for Q4 and full-year 2020 on February 10, 2021, from 10 a.m. to 11 a.m. ET. The financial results will be released after market close on February 9, 2021. Investors can access the webcast on Voya's investor relations website and a replay will be available after the call. Voya serves approximately 13.8 million customers and reported $7.5 billion in revenue for 2019, managing $657 billion in total assets as of September 30, 2020.
Voya Financial, Inc. (NYSE: VOYA) has been recognized for its advocacy of the disabilities community through its Voya Cares® program. The company received the 2020 Caregiving Visionary Caregiving Organization of the Year Award from Caregiving.com and the LIMRA Creative Connections Gold Award for its promotional campaign. Voya's comprehensive support benefits for caregivers include flexible time off, health advocates, and a partnership with Wellthy services. These accolades underline Voya's commitment to diversity, equity, and inclusion, enhancing its standing in the financial services sector.
Voya Prime Rate Trust (NYSE: PPR) announced the final results of its tender offer for 15% of outstanding common shares, which expired on January 4, 2021. The offer was oversubscribed, leading to a pro-rata purchase from all tendering shareholders. A total of 88,416,006.334 shares were tendered, with 21,576,552 shares to be purchased at a purchase price of $4.86, which is 99% of the fund’s net asset value per share at the close of trading on the expiration date.
Voya Prime Rate Trust (NYSE: PPR) announced the expiration of its tender offer for 15% of its outstanding shares, which started on December 3, 2020, and ended on January 4, 2021. Approximately 88,416,006 shares were tendered, leading to an oversubscription and a proration for accepted shares. The purchase price will be 99% of the Fund’s net asset value per share on the expiration date. Final results are expected to be announced around January 6, 2021.
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