Voya Financial Inc Stock Price, News & Analysis

Voya Financial (NYSE: VOYA) announced participation by Charles Nelson and Robert Grubka at the 2022 KBW Insurance Conference on September 7, 2022, at 3:35 p.m. ET. The webcast will be hosted on Voya's investor relations website, with attendees encouraged to log in 15 minutes early. Voya Financial serves over 14.3 million clients and manages approximately $644 billion in assets as of June 30, 2022. Recognized for its ethical practices and workplace culture, Voya is committed to responsible business operations and impactful community contributions.

Voya Financial, Inc. (NYSE: VOYA) has released its 2021 Impact Report, highlighting its environmental, social, and governance (ESG) activities from January 1 to December 31, 2021. The report reflects Voya's commitment to creating a better financial future through initiatives that support diversity, equity, and inclusion, and address the needs of employees in a hybrid work environment. Voya's ESG strategy emphasizes collaboration with stakeholders and includes programs aimed at enhancing health, wealth, and cybersecurity, aligning with global standards for reporting.

Pomona Capital announced the successful raise of a total of $4 billion over two years, with its latest fund, Pomona Capital X, L.P., achieving $2.6 billion in commitments, exceeding its $2 billion target by 30%. This new fund is approximately 50% larger than its predecessor. Pomona's retail product also saw growth, increasing by $400 million in the last 24 months. The firm aims to provide liquidity solutions while maintaining a selective investment strategy in a challenging macroeconomic landscape.

Voya Financial, Inc. (NYSE: VOYA) announced that its Chief Financial Officer, Michael S. Smith, will depart the company on Nov. 15, 2022, to pursue other opportunities. He will oversee the close and reporting of the company's third quarter, ending Sept. 30, 2022. The company expressed gratitude for Smith's contributions over his 13-year tenure, noting his role in Voya's business transformation and shareholder value creation. Voya will initiate a search for Smith's successor following his departure.

Voya Financial, Inc. (NYSE: VOYA) has been appointed as the new recordkeeper and service provider for the retirement savings plans of Memorial Health System in Gulfport, Mississippi. The transition, which occurred in September 2021, involves managing approximately $250 million in assets for 2,000 participants across various retirement plans. Voya is set to enhance the financial wellness of Memorial employees by offering industry-leading educational tools and resources. This partnership aligns with Voya's commitment to making a secure financial future accessible to all Americans.

Voya Financial reported second-quarter 2022 results with net income of $0.57 per diluted share. Adjusted operating earnings were $1.67 per share, reflecting a 18% increase year-over-year, driven by organic growth across all business segments. The company deployed approximately $300 million in excess capital, including share repurchases of $250 million. Wealth Solutions saw an 11.2% increase in recurring deposits to $12.8 billion, while Health Solutions reported a 9.3% increase in in-force premiums to $2.7 billion. Voya's total assets under management rose to approximately $330 billion following a significant asset transfer from Allianz Global Investors.