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. 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. reported a strong third quarter of 2022 with net income of $1.82 per diluted share, reflecting a 58% increase compared to the same quarter in 2021. Adjusted operating earnings reached $2.30 per diluted share, driven by 12% to 17% EPS growth expectations for the year. Notable metrics include a 10.4% rise in Wealth Solutions deposits to $13 billion and a 9.7% increase in Health Solutions premiums to $2.8 billion. Voya's acquisition of Benefitfocus will enhance its workplace benefits offering, expected to close in Q1 2023.
Voya Financial has announced its acquisition of Benefitfocus for $10.50 per share, totaling approximately $570 million, including debt. This acquisition aims to strengthen Voya's health and wealth solutions by enhancing benefits administration capabilities. The deal is expected to be immediately accretive to Voya's adjusted operating earnings per share, even prior to realizing future revenue synergies. Following the acquisition, Voya's customer base will expand to approximately 38 million individuals, reinforcing its presence in the workplace benefits sector.
Voya Financial, Inc. (NYSE: VOYA) announced a $0.20 per share dividend for Q4 2022, payable on Dec. 29, 2022, to shareholders on record as of Nov. 28, 2022. Additionally, a preferred stock dividend of $13.3750 per share will be distributed, equivalent to $0.334375 per depositary share, payable on Dec. 15, 2022, also to shareholders on record as of Nov. 28, 2022. Voya manages approximately $644 billion in assets and serves 14.3 million clients, emphasizing its commitment to responsible business practices.
Summary not available.
Voya Investment Management has been chosen by Allstate to manage its $850 million commercial mortgage portfolio, effective Nov. 14, 2022. Allstate retains ownership while Voya IM takes over management through a separately managed account. Approximately seven Allstate employees will join Voya’s team to handle this portfolio. Allstate's Managing Director emphasized the need for Voya’s proven expertise in commercial mortgage management, citing recent sales of assets making internal management less optimal. Voya manages approximately $330 billion in assets across various strategies.
Voya Financial is celebrating National Disability Employment Awareness Month with a virtual concert featuring Mandy Harvey and other artists with disabilities, streaming on YouTube from Oct. 20 at 7 p.m. ET. The concert, held on Oct. 2 at the Kennedy Center, promotes disability inclusion in the workplace. Artists include Paul Gavin and Blessing Offor, showcasing their talents. Voya emphasizes the importance of hiring individuals with disabilities and continues its commitment through initiatives like Voya Cares®.
Summary not available.
Summary not available.
Voya Financial, Inc. (NYSE: VOYA) will hold a webcast and conference call to discuss its third-quarter 2022 financial results on November 2, 2022, from 10 a.m. to 11 a.m. ET. A press release detailing the financial results will be published after market closure on November 1, 2022. Investors can access the live webcast and any accompanying materials, including a slide presentation, through the company's investor relations website. Voya manages approximately $644 billion in total assets and serves 14.3 million clients.
Voya Financial has been honored with the Medgar Evers College Equity and Impact Award for its dedication to diversifying the teaching workforce and supporting students from underserved communities. At the Medgar Evers Legends and Legacy Inauguration Scholarship Gala, Voya was recognized alongside three other companies. The award was accepted by Braeden Mayrisch, who emphasized the importance of nurturing young educators and students. Voya collaborates with Medgar Evers College to enhance educational opportunities, aligning with its mission to foster financial security for all Americans.