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.
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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.
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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.
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 $5 billion in committed capital, CAM specializes in senior secured loans to U.S. middle market companies. The deal is expected to close in Q4 2022, integrating CAM's investment team while leveraging Voya's distribution capabilities.
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.