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.
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.
Easterseals and Voya Cares have released a research paper titled Employment Extenders: A (labor) force to be reckoned with to explore the rising trend of older workers in the U.S. Most respondents indicated they are working longer due to insufficient retirement savings, with over half having less than $500,000 saved. The study identified four profiles of Employment Extenders: 'Want to Work,' 'Part of the Plan,' 'Worriers,' and 'Need to Work.' Employers are encouraged to adapt workplace benefits to meet the unique needs of this demographic, which includes providing education on retirement transitioning, income-focused retirement plans, and maximizing benefits.
Voya Financial, Inc. (NYSE: VOYA) reported its fourth-quarter and full-year 2022 financial results, with fourth-quarter net income at $1.77 per diluted share and full-year net income at $4.30 per share. Adjusted operating earnings rose 31% in Q4 and 24% for the year, exceeding the growth target of 12% to 17%. The company generated over $600 million in excess capital in 2022 and plans to resume share repurchases in Q2 2023. Significant growth was noted in Wealth Solutions, Health Solutions, and Investment Management, with annualized in-force premiums up 10.8%. The acquisition of Benefitfocus was completed in January 2023, enhancing Voya's benefits administration capacity.
WisdomTree (NYSE: WT) and Voya Investment Management (NYSE: VOYA) launched the WisdomTree Voya Yield Enhanced USD Universal Bond Fund (UNIY) on NASDAQ. The fund aims to track the Bloomberg US Universal Enhanced Yield Index and has an expense ratio of 15 basis points. UNIY will provide investors exposure to the US dollar-denominated debt market while enhancing yield. This collaboration strengthens the long-term relationship between WisdomTree and Voya. UNIY offers potential investment opportunities by broadening sectors, exposing investors to various asset classes, and enhancing yield within specific risk parameters.
Voya Financial (NYSE: VOYA) will participate in the Bank of America Insurance Conference on February 14 at 2:30 p.m. ET. Key executives, including CEO Heather Lavallee, CFO Don Templin, and EVP Michael Katz, will represent the company. The presentation will be available via a live webcast. Interested parties are encouraged to log in 15 minutes early to ensure proper software installation. Voya Financial is committed to delivering health, wealth, and investment solutions, serving approximately 14.3 million clients and managing $711 billion in assets as of September 30, 2022.
Voya Financial, Inc. (NYSE: VOYA) announced participation in the 2023 Credit Suisse Financial Services Forum on February 13 at 3:30 p.m. ET. Executive chairman Rodney O. Martin, Jr., CEO Heather Lavallee, and executive vice president Michael Katz will represent the company. The event will be accessible via a webcast, with attendees encouraged to log on 15 minutes early for software installation. Voya, recognized for its commitment to ethical practices, serves 14.3 million clients and manages approximately $711 billion in assets. The company is dedicated to providing a better financial future through innovative solutions.