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 (NYSE: VOYA) delivers retirement, investment, and insurance solutions through its market-leading Wealth Solutions, Investment Management, and Health Solutions divisions. This news hub provides investors and professionals with essential updates about VOYA's strategic initiatives and financial performance.
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Our curated collection features updates across retirement planning innovations, institutional investment strategies, and healthcare-related financial products. Content is verified for accuracy and updated systematically to reflect the company's latest public communications.
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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.
Voya Investment Management has announced the acquisition of Czech Asset Management, enhancing its private credit capabilities in the U.S. middle market. This strategic move aims to complement Voya's existing fixed income platform and expand its direct lending franchise. With over
Voya Financial, Inc. (NYSE: VOYA) has announced a common stock dividend of $0.20 per share for Q3 2022, payable on Sept. 29, 2022, to shareholders of record as of Aug. 26, 2022. Additionally, the board declared dividends on its preferred stock: $30.625 for Series A and $13.3750 for Series B, both payable on Sept. 15, 2022, to shareholders of record as of Aug. 26, 2022. Voya manages approximately $707 billion in total assets and serves over 14.3 million clients.
Voya Financial has enhanced its critical illness insurance to aid employees affected by severe infectious diseases like COVID-19. This new Infectious Condition Additional Benefit Rider offers flexibility and additional benefits, responding to rising employee concerns over medical costs. Research indicates nearly half of Americans are reconsidering workplace benefits due to the pandemic, prompting employers to explore additional voluntary coverage options. The Rider can complement existing policies, helping tackle evolving health and financial needs, which may also aid in employee recruitment and retention.
Voya Financial has successfully completed the transfer of significant assets and teams from Allianz Global Investors’ U.S. business to Voya Investment Management. This strategic partnership aims to enhance Voya IM's asset management capabilities, resulting in a client asset retention rate of approximately 95%. Following this transaction, Voya IM's assets under management have risen to around $322 billion. The partnership will also allow AllianzGI to distribute Voya IM's investment strategies internationally. Further financial details will be discussed in Voya's upcoming earnings call on August 3, 2022.
Voya Financial, Inc. (NYSE: VOYA) has appointed Heather Lavallee as president and CEO-elect, effective Jan. 1, 2023, succeeding Rodney O. Martin, Jr., who becomes executive chairman. Lavallee currently leads Voya's Wealth Solutions business and has a proven track record of growth and innovation. Her appointment follows a comprehensive succession-planning process, with full board support. Voya emphasizes its commitment to delivering value across health, wealth, and investment sectors, with about $707 billion in assets under management as of March 31, 2022.
Voya Financial, Inc. (NYSE: VOYA) announced a webcast and conference call for its financial results for Q2 2022. The call is scheduled for August 3, 2022, from 10 a.m. to 11 a.m. ET, following a press release on August 2, 2022, after market close. Investors can access the webcast and related materials on Voya's investor relations website. As of March 31, 2022, Voya managed approximately $707 billion in total assets, serving 14.3 million clients. Voya is recognized for its workplace quality and ethical standards.