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 Financial, Inc. (NYSE: VOYA) has appointed Michael Raneri as Senior Vice President and Chief Technology Officer of Enterprise Digital & Data Solutions. In his new position, Raneri will enhance the company's innovation capabilities and oversee integration with partners to improve customer outcomes. Reporting to CIO Santhosh Keshavan, he will operate remotely from San Francisco, CA. Raneri joins Voya with over 30 years of leadership experience, previously working at AssetMark where he led digital transformation efforts. He holds a bachelor's degree from Fairfield University and an Executive Management Certificate from MIT. Voya aims to create a best-in-class experience for its clients through improved digital and data capabilities.
Voya Financial, Inc. (NYSE: VOYA) announced the redemption of all 5.650% fixed-to-floating rate junior subordinated notes due 2053, with an outstanding principal of $393,102,000. The redemption is set for May 15, 2023, at a price equal to 100% of the principal plus accrued interest until that date. The company plans to fund this redemption from available liquidity sources. This redemption highlights Voya's proactive financial management and strategic decision-making aimed at optimizing its capital structure.
Voya Financial (NYSE: VOYA) has opened applications for its 2023 Unsung Heroes program, designed to support teachers with innovative curriculum ideas. A total of $140,000 in grants is available, with fifty finalists each receiving $2,000. Enhanced awards include $25,000 for first place, $10,000 for second, and $5,000 for third. Since its inception, the program has distributed nearly $6 million in grants. The deadline for applications is April 28, 2023. This initiative emphasizes Voya's commitment to education, aiming to empower teachers and positively impact student learning experiences.
Voya Financial, Inc. (NYSE: VOYA) will host a conference call on its financial results for the first quarter of 2023 on May 3, 2023, from 10 a.m. to 11 a.m. ET. A press release detailing these results will be issued after the market closes on May 2, 2023. Investors can find the release and supplementary materials on Voya's investor relations website. The webcast will include a slide presentation and will be streamed live. A replay will be available after the call begins at 1 p.m. ET on the same day.
Voya is a leading health, wealth, and investment company focused on empowering clients to achieve financial confidence.
Voya Financial (NYSE: VOYA) has launched a new advisory services program through Voya Retirement Advisors, LLC, powered by Morningstar. This initiative is designed to provide retirement plan participants with tailored advice and guidance solutions, responding to a growing demand—85% of working Americans deem these services important for investment confidence. The new program includes online investment advice and managed accounts, enhancing Voya's service offerings, which saw a 10% increase in managed account enrollment in 2022. Voya aims to support individuals through unique financial solutions, fostering greater participation and education in retirement planning.
On March 29, 2023, Voya Financial, Inc. (NYSE: VOYA) announced a quarterly dividend of $0.20 per share on its common stock. This dividend led to adjustments in the exercise price of the Warrants under the Warrant Agreement, reducing it from $46.94 to $46.82 per share. Additionally, the number of shares each Warrant can purchase has been modified to 1.041295182 shares. These adjustments are effective as of March 29, 2023. Voya is recognized for its commitment to social responsibility and inclusivity, serving 14.7 million clients with innovative financial solutions.
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Voya Financial (NYSE: VOYA) has announced a total donation of $100,000 to support disability inclusion. The funds, consisting of two $50,000 donations, will be directed to Disability:IN and the National Down Syndrome Society (NDSS). This initiative aligns with the launch of Voya's "Better Together" advertising campaign, emphasizing diversity, equity, and inclusion in the workplace. The donations aim to improve employment opportunities for individuals with disabilities and coincide with Voya's ongoing commitment to socially responsible practices.