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.
News and updates for Voya Financial, Inc. (NYSE: VOYA) focus on its activities as a retirement, employee benefits and investment management company. Company announcements highlight financial results, capital deployment decisions, product launches and initiatives that affect individual, workplace and institutional clients.
Investors following VOYA news will see regular earnings releases and related conference call details, including updates on segment performance in retirement, investment management and employee benefits. Voya also issues communications about share repurchase plans, common and preferred stock dividends, and preliminary information on assets under management and alternative investment income through Form 8-K filings and press releases.
Beyond financial metrics, Voya’s news flow includes developments in its retirement and wealth platforms and its investment management offerings. Recent announcements describe the launch of a retirement income guidance tool developed with SAVVI Financial for plan participants, the introduction of the WealthPath platform for Voya financial advisors in collaboration with Orion, and the launch of actively managed ETFs by Voya Investment Management. These items illustrate how Voya applies its retirement and asset management capabilities in practice.
Voya also publishes stories related to its community and education initiatives, such as the Voya Unsung Heroes program that provides grants to K–12 educators. These pieces offer additional context on the company’s presence in the education market and its foundation’s focus areas.
For readers tracking VOYA, this news page brings together company press releases and related coverage, offering a view into Voya’s financial reporting, capital actions, product and platform developments, and selected community programs. Investors and observers can use this stream of information to understand how Voya’s retirement, benefits and investment management businesses are evolving over time.
Voya Financial (NYSE: VOYA) reported third-quarter 2024 results with net income of $98 million ($0.98 per diluted share) and adjusted operating earnings of $190 million ($1.90 per diluted share). Wealth Solutions and Investment Management showed strong performance, while Health Solutions experienced higher loss ratios. The company generated and returned approximately $0.2 billion of capital in Q3 2024 and expects to return $0.8 billion for the full year. The Board authorized an additional $500 million stock repurchase. Total client assets reached $608 billion, up 19% year-over-year. The acquisition of OneAmerica Financial's retirement plan business is expected to close on January 1, 2025.
Voya Financial (NYSE: VOYA) has announced two dividend declarations. The board approved a common stock dividend of $0.45 per share for Q4 2024, payable on December 26, 2024, to shareholders of record as of November 26, 2024. Additionally, a quarterly dividend of $13.3750 per share was declared on the Series B 5.35% fixed-rate reset non-cumulative preferred stock (equivalent to $0.334375 per depositary share), payable on December 16, 2024, to shareholders of record as of November 26, 2024.
Voya Financial (NYSE: VOYA) has awarded $27,000 to a group of educators from Calvert County Public Schools in Maryland as grand prize winners of the 2024 Unsung Heroes awards competition. Thomas Harten, Linda Subda, Jenna Lyons, and Jesse Howe received $25,000 plus an additional $2,000 as finalists for their program 'Schoolhouse Rocks: Saving the Chesapeake's Oysters'. The project aims to engage fifth-grade students in building oyster reef balls to support the Chesapeake Bay ecosystem. The initiative is part of Voya's broader educational support program, which has awarded over $6 million to educators since its inception.
Voya Financial (NYSE: VOYA) released survey findings showing 91% of working Americans typically select the same health plan during annual benefits open enrollment. Nearly half (49%) spend less than 20 minutes reviewing their workplace benefits, though 79% plan to spend more time reviewing options this year.
The research revealed significant naming bias in health plan selection. When branded, 74% chose Preferred Provider Organization (PPO) over High-Deductible Health Plan (HDHP) (26%). However, with unbranded names, the gap narrowed to 52% PPO and 48% HDHP. Only 3% of working Americans fully understand Health Savings Account (HSA) benefits, with awareness of retirement healthcare use (47%), tax advantages (47%), rollover options (43%), and investment capabilities (29%).
Voya Global Advantage and Premium Opportunity Fund (NYSE: IGA) and Voya Infrastructure, Industrials and Materials Fund (NYSE: IDE) announced their monthly distributions for October 2024. IGA will distribute $0.085 per share, while IDE will distribute $0.100 per share, both payable on October 15, 2024.
The funds provided estimates of the distribution sources, including net investment income, realized capital gains, and return of capital. For IGA, 28% comes from net investment income and 72% from return of capital. For IDE, 17.95% is from net investment income, 26.90% from long-term capital gains, and 55.15% from return of capital.
The press release also includes performance data, with IGA reporting a five-year average annual total return of 7.20% and IDE reporting 8.44%. Both funds have current distribution rates around 9.9% of NAV.
Voya Financial released survey findings revealing the significant impact of caregiving responsibilities on financial well-being. 49% of caregivers report a severe or major impact on their ability to prepare for retirement. Over half noted impacts on emergency preparedness (52%), mental well-being (52%), and healthcare costs (51%).
The survey highlighted disparities among racial groups, with 28% of Asian, Hispanic, and Black Americans reporting severe or major impacts on retirement savings, compared to 19% of white Americans. Caregiving also affects other financial aspects, including home purchases (40%) and mortgage payments (38%).
Employers can play a important role in supporting caregivers. 51% of employees are more likely to stay with employers offering health spending accounts and voluntary benefits. 53% of caregivers are likely to use employer-provided caregiver resources. Voya emphasizes the importance of comprehensive benefits and caregiver support in attracting and retaining talent.
Voya Financial (NYSE: VOYA) has announced the schedule for its third-quarter 2024 financial results release and discussion. The company will host a webcast and conference call on Tuesday, Nov. 5, 2024, from 10 a.m. to 11 a.m. ET. The press release detailing the financial results will be issued after market close on Monday, Nov. 4, 2024.
Investors can access the press release, investor supplement, and analyst presentation on Voya's investor relations website at investors.voya.com. The conference call webcast, including a slide presentation, will be streamed live on the same website. Participants are advised to access the webcast at least 15 minutes before the call to download any necessary software. A replay of the webcast will be available starting at approximately 1 p.m. ET on Nov. 6, 2024.
Voya Financial's recent survey reveals shifting workplace benefit priorities, with 72% of employed Americans preferring better health care coverage over higher salaries. This sentiment is strongest among millennials (80%). The research also found that 51% of workers believe health care costs significantly impact their ability to save for retirement.
Key findings include:
- 59% would accept lower salaries for employer contributions to health savings accounts
- 54% prioritize better access to voluntary benefits
- 75% are interested in support to maximize workplace benefits
- 50% are more likely to stay with employers offering digital tools for benefit decisions
Voya's myVoyage platform has shown positive results, with users 50% more likely to choose less expensive health plans and save in HSAs.
Voya Global Advantage and Premium Opportunity Fund (NYSE: IGA) and Voya Infrastructure, Industrials and Materials Fund (NYSE: IDE) have announced their monthly distributions for August 2024. IGA will distribute $0.085 per share, while IDE will distribute $0.100 per share, both payable on September 16, 2024.
The funds operate under a Managed Distribution Plan, aiming to provide regular cash distributions to shareholders. For IGA, 19.07% of the distribution comes from net investment income, 20.15% from net realized long-term capital gains, and 60.78% from return of capital. For IDE, 9.33% is from net investment income, and 90.07% from return of capital.
Investors should note that these distributions may not reflect the funds' actual investment performance and should not be confused with 'yield' or 'income'. The funds' five-year average annual total returns at NAV are 7.64% for IGA and 8.16% for IDE.
Voya Financial (NYSE: VOYA) has announced its acquisition of OneAmerica Financial's retirement plan business, adding over $60 billion in assets under administration (AUA) to its Wealth Solutions segment. This strategic move will increase Voya's total AUA to $580 billion and expand its retirement plan and participant count to 60,000 and 7.9 million, respectively. The deal, expected to close on Jan. 1, 2025, advances Voya's Workplace growth strategy by adding $47 billion of full-service AUA in emerging and mid-market segments.
The acquisition will provide Voya with broader capabilities, including employee stock ownership plan administration, and new distribution partnership opportunities. OneAmerica Financial's retirement plan clients will benefit from access to Voya's market-leading customer digital experience and core recordkeeping services. This transaction aligns with Voya's focus on supporting improved financial outcomes for customers across all market segments.