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. reports news about its retirement, employee benefits and investment management businesses in the United States. Recurring updates include quarterly earnings by segment, fee-based revenue, net underwriting results, assets under management, capital deployment, common and preferred stock dividends, and investment income from the company’s general account and investment management activities.
Company news also covers retirement-savings policy developments, workplace-benefits collaborations, disability inclusion through Voya Cares, and shareholder commentary on governance, management accountability and the employee benefits stop-loss business.
Voya Global Advantage and Premium Opportunity Fund (NYSE: IGA) and Voya Infrastructure, Industrials and Materials Fund (NYSE: IDE) have announced their monthly distributions for March 2025. The distribution amounts are set at $0.085 per share for IGA and $0.100 per share for IDE, payable on March 17, 2025.
The distributions are part of the Funds' Managed Distribution Plan, approved by the Board of Trustees to provide monthly cash distributions to common shareholders. The Funds have indicated that they have distributed more than their income and net realized capital gains, suggesting that a portion of the distribution may represent a return of capital.
Shareholders are advised that the actual tax reporting amounts will be provided in Form 1099-DIV for the calendar year, and the final distribution characterization may change based on the Funds' investment experience and tax regulations.
State Street Global Advisors (NYSE: STT) announced the expansion of its IncomeWise™ Target Retirement Strategies to the Voya Financial recordkeeping platform. The ABA Retirement Funds Program will be the first adopter on this platform, with Mercer Trust Company serving as the investment fiduciary.
IncomeWise combines traditional index-based target-date funds with optional income features, including deferred annuity payments and automatic monthly withdrawals. The solution, which has over $20 billion in committed assets, will be available through Voya as the second recordkeeper after Fidelity Investments.
This expansion aligns with State Street's strategy to provide flexible retirement solutions, helping participants build confidence in their financial futures through a simple two-step election process for activating income across their target-date fund balance.
Voya Global Advantage and Premium Opportunity Fund (IGA) and Voya Infrastructure, Industrials and Materials Fund (IDE) have announced their February 2025 monthly distributions. IGA will distribute $0.085 per share, while IDE will distribute $0.100 per share, both payable on February 18, 2025.
For IGA, the distribution sources include: 14.10% from net investment income, 11.80% from short-term capital gains, and 74.10% from return of capital. IDE's distribution comprises: 3% from net investment income, 54% from long-term capital gains, and 43% from return of capital.
The funds' performance metrics show IGA's five-year average annual return at 7.08% with a current annualized distribution rate of 10.04%, while IDE posted a five-year return of 7.61% with a 10.43% annualized distribution rate. Both funds have achieved positive fiscal year-to-date returns, with IGA at 2.01% and IDE at 1.95%.
Voya Financial (NYSE: VOYA) reported its Q4 and full-year 2024 results, with Q4 net income of $93 million ($0.94 per share) and adjusted operating earnings of $138 million ($1.40 per share). Full-year net income reached $626 million ($6.17 per share) with adjusted operating earnings of $736 million ($7.25 per share).
The company demonstrated strong performance in Wealth Solutions and Investment Management, though offset by higher loss ratios in Health Solutions. Notable achievements include returning $800 million to shareholders through dividends and buybacks, generating $650 million in excess capital, and completing the OneAmerica Financial's retirement plan business acquisition.
Wealth Solutions saw significant growth with total client assets reaching $612 billion (up 12% YoY), while Investment Management generated net inflows of $12.5 billion for the year. However, Health Solutions experienced challenges, particularly in Stop Loss business, leading to implementation of rate increases and strengthened underwriting.
Voya Financial (NYSE: VOYA) has announced its board of directors' declaration of dividends for Q1 2025. The company will pay a common stock dividend of $0.45 per share on March 27, 2025, to shareholders of record as of February 25, 2025.
Additionally, the board declared two preferred stock dividends: a semi-annual dividend of $38.79 per share on Series A 7.758% fixed-rate reset non-cumulative preferred stock, and a quarterly dividend of $13.3750 per share on Series B 5.35% fixed-rate reset non-cumulative preferred stock (equivalent to $0.334375 per depositary share). Both preferred stock dividends will be paid on March 17, 2025, to shareholders of record as of February 25, 2025.
Voya Financial (NYSE: VOYA) has announced its participation in the upcoming BofA Securities Financial Services Conference. CEO Heather Lavallee and CFO Michael Katz will engage in a fireside chat and Q&A session discussing various industry and company topics on Tuesday, February 11, 2025, at 3:30 p.m. ET.
The presentation will be accessible via webcast, with interested parties advised to log in at least 15 minutes before the start time to ensure proper software installation. The webcast will be available through the BofA veracast platform.
Voya Financial (NYSE: VOYA) has launched Lifetime Life Insurance, a new group term permanent life insurance product offered through workplaces. This innovative solution combines two key protections: life insurance benefits and an accelerated benefit for qualified long-term care (LTC) services.
The product addresses a significant market gap, as research shows that while 70% of people will need long-term care in their lifetime, only 3.1% of Americans have LTC coverage. As a 100% employee-paid benefit, it features unchanging premiums and portable coverage that employees can maintain even after leaving their employer.
Key advantages include:
- Accelerated benefits for illness or qualified long-term care services
- Enhanced employer benefits menus
- Convenient payroll deductions
- Portable coverage through retirement
Voya Global Advantage and Premium Opportunity Fund (IGA) and Voya Infrastructure, Industrials and Materials Fund (IDE) have announced their monthly distributions for January 2025. IGA will distribute $0.085 per share, while IDE will distribute $0.100 per share, both payable on January 15, 2025.
For IGA, the distribution comprises 26.61% from net investment income and 73.39% from net realized long-term capital gains. IDE's distribution consists of 52.21% from net realized short-term capital gains and 47.79% from net realized long-term capital gains.
The funds' performance metrics show strong results, with IGA reporting a five-year average annual total return of 7.49% and IDE at 8.15%. The current annualized distribution rates stand at 9.73% for IGA and 9.90% for IDE, based on NAV as of November 29, 2024.
Benefitfocus has launched its new Care Partner Panel, an innovative approach to digital health-solution management. The platform aims to simplify benefits administration by providing employers with vetted digital health solutions that address specialized health needs for specific employee groups.
The panel integrates seamlessly with Benefitplace™ employee experience, offering personalized solution delivery through a multichannel engagement approach. Customers using Health Insights will have access to data analysis capabilities to optimize their benefits strategy ROI.
Initial industry-leading providers in the panel include:
- Health Advocate for health advocacy and navigation
- Hello Heart for preventive heart health
- Lyra Health for workforce mental health benefits
- Omada Health for virtual-first healthcare
- Progyny for fertility and family-building solutions
- Sword Health for AI-powered care platform
Voya Financial (NYSE: VOYA) has announced the appointment of Jay Kaduson as CEO of Workplace Solutions, effective January 16, 2025. Kaduson will oversee Health Solutions and Wealth Solutions businesses, reporting to CEO Heather Lavallee and joining the Executive Committee.
Kaduson brings 26 years of financial services leadership experience, most recently at PwC where he led the firm's growth business and oversaw insurance, retirement, and wealth practices. Previously, he spent 16 years at MetLife, ultimately serving as global head of enterprise relationship management.
In his new role, Kaduson will supervise Amy Vaillancourt (President of Wealth Solutions), Andrew Frend (President of Health Solutions), and Courtney Kunzelmann (Chief Marketing Officer, Workplace Solutions). The appointment aligns with Voya's strategy to strengthen its position as a comprehensive workplace benefits provider, focusing on health and wealth solutions delivery through the workplace.