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 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.
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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.
On June 29, 2022, Voya Financial (NYSE: VOYA) declared a quarterly dividend of $0.20 per share on its common stock. As a result, the exercise price of the associated Warrants has been adjusted from $47.36 to $47.21 per share. Each Warrant is now exercisable for 1.0325 shares of Common Stock, effective from the same date. Voya Financial serves approximately 14.3 million clients, boasting about $707 billion in total assets under management as of March 31, 2022.
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Voya Financial has entered a definitive agreement to integrate Allianz Global Investors’ U.S. teams and assets into Voya Investment Management. This strategic partnership aims to enhance Voya IM’s scale and global reach, with an expected 6% – 8% cash accretion to adjusted operating earnings per share in 2023. Voya will maintain a 76% economic stake in the combined entity, which will increase its assets under management to approximately $370 billion. The deal requires no external financing, preserving future growth flexibility.