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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.
Access official press releases, earnings reports, and regulatory filings in one centralized location. Stay informed about product launches, leadership changes, and partnership developments that shape VOYA's position in financial services.
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.
Bookmark this page for streamlined tracking of VOYA's market activities. Combine these timely updates with historical announcements to analyze trends in financial security solutions and enterprise technology adoption.
Voya Financial (NYSE: VOYA) reported its Q4 and full-year 2024 results, with Q4 net income of $93 million ($0.94 per share) and adjusted operating earnings of $138 million ($1.40 per share). Full-year net income reached $626 million ($6.17 per share) with adjusted operating earnings of $736 million ($7.25 per share).
The company demonstrated strong performance in Wealth Solutions and Investment Management, though offset by higher loss ratios in Health Solutions. Notable achievements include returning $800 million to shareholders through dividends and buybacks, generating $650 million in excess capital, and completing the OneAmerica Financial's retirement plan business acquisition.
Wealth Solutions saw significant growth with total client assets reaching $612 billion (up 12% YoY), while Investment Management generated net inflows of $12.5 billion for the year. However, Health Solutions experienced challenges, particularly in Stop Loss business, leading to implementation of rate increases and strengthened underwriting.
Voya Financial (NYSE: VOYA) has announced its board of directors' declaration of dividends for Q1 2025. The company will pay a common stock dividend of $0.45 per share on March 27, 2025, to shareholders of record as of February 25, 2025.
Additionally, the board declared two preferred stock dividends: a semi-annual dividend of $38.79 per share on Series A 7.758% fixed-rate reset non-cumulative preferred stock, and a quarterly dividend of $13.3750 per share on Series B 5.35% fixed-rate reset non-cumulative preferred stock (equivalent to $0.334375 per depositary share). Both preferred stock dividends will be paid on March 17, 2025, to shareholders of record as of February 25, 2025.
Voya Financial (NYSE: VOYA) has announced its participation in the upcoming BofA Securities Financial Services Conference. CEO Heather Lavallee and CFO Michael Katz will engage in a fireside chat and Q&A session discussing various industry and company topics on Tuesday, February 11, 2025, at 3:30 p.m. ET.
The presentation will be accessible via webcast, with interested parties advised to log in at least 15 minutes before the start time to ensure proper software installation. The webcast will be available through the BofA veracast platform.
Voya Financial (NYSE: VOYA) has launched Lifetime Life Insurance, a new group term permanent life insurance product offered through workplaces. This innovative solution combines two key protections: life insurance benefits and an accelerated benefit for qualified long-term care (LTC) services.
The product addresses a significant market gap, as research shows that while 70% of people will need long-term care in their lifetime, only 3.1% of Americans have LTC coverage. As a 100% employee-paid benefit, it features unchanging premiums and portable coverage that employees can maintain even after leaving their employer.
Key advantages include:
- Accelerated benefits for illness or qualified long-term care services
- Enhanced employer benefits menus
- Convenient payroll deductions
- Portable coverage through retirement
Voya Global Advantage and Premium Opportunity Fund (IGA) and Voya Infrastructure, Industrials and Materials Fund (IDE) have announced their monthly distributions for January 2025. IGA will distribute $0.085 per share, while IDE will distribute $0.100 per share, both payable on January 15, 2025.
For IGA, the distribution comprises 26.61% from net investment income and 73.39% from net realized long-term capital gains. IDE's distribution consists of 52.21% from net realized short-term capital gains and 47.79% from net realized long-term capital gains.
The funds' performance metrics show strong results, with IGA reporting a five-year average annual total return of 7.49% and IDE at 8.15%. The current annualized distribution rates stand at 9.73% for IGA and 9.90% for IDE, based on NAV as of November 29, 2024.
Benefitfocus has launched its new Care Partner Panel, an innovative approach to digital health-solution management. The platform aims to simplify benefits administration by providing employers with vetted digital health solutions that address specialized health needs for specific employee groups.
The panel integrates seamlessly with Benefitplace™ employee experience, offering personalized solution delivery through a multichannel engagement approach. Customers using Health Insights will have access to data analysis capabilities to optimize their benefits strategy ROI.
Initial industry-leading providers in the panel include:
- Health Advocate for health advocacy and navigation
- Hello Heart for preventive heart health
- Lyra Health for workforce mental health benefits
- Omada Health for virtual-first healthcare
- Progyny for fertility and family-building solutions
- Sword Health for AI-powered care platform
Voya Financial (NYSE: VOYA) has announced the appointment of Jay Kaduson as CEO of Workplace Solutions, effective January 16, 2025. Kaduson will oversee Health Solutions and Wealth Solutions businesses, reporting to CEO Heather Lavallee and joining the Executive Committee.
Kaduson brings 26 years of financial services leadership experience, most recently at PwC where he led the firm's growth business and oversaw insurance, retirement, and wealth practices. Previously, he spent 16 years at MetLife, ultimately serving as global head of enterprise relationship management.
In his new role, Kaduson will supervise Amy Vaillancourt (President of Wealth Solutions), Andrew Frend (President of Health Solutions), and Courtney Kunzelmann (Chief Marketing Officer, Workplace Solutions). The appointment aligns with Voya's strategy to strengthen its position as a comprehensive workplace benefits provider, focusing on health and wealth solutions delivery through the workplace.
Voya Financial (NYSE: VOYA) has announced it will release its fourth-quarter and full-year 2024 financial results after market close on Tuesday, February 4, 2025. The company will host a webcast and conference call to discuss these results on Wednesday, February 5, 2025, from 10 a.m. to 11 a.m. ET.
The earnings announcement will include a press release, investor supplement, and analyst presentation, all of which will be available on the company's investor relations website. The conference call will feature a slide presentation and will be streamed live on investors.voya.com. Participants are advised to access the webcast 15 minutes before the start time to install necessary software. A replay will be available on the same website starting at approximately 1 p.m. ET on February 5, 2025.
Voya Financial (NYSE: VOYA) has completed the acquisition of OneAmerica Financial's full-service retirement plan business. This strategic move expands Voya's Wealth Solutions business to serve approximately 60,000 retirement plans supporting nearly 8 million participants, with Wealth Solutions Defined Contribution client assets growing to $670 billion.
The acquisition, announced in September 2024, strengthens Voya's Workplace Solutions growth strategy by adding scale to its full-service retirement business. It enhances Voya's capabilities with employee stock ownership plan administration and creates opportunities to expand distribution footprint and deepen advisor relationships.
Further details about the transaction will be provided during Voya's fourth-quarter and full-year 2024 earnings call in early February 2025.
Voya Foundation has awarded a $50,000 grant to Latinas & Power Corp. for its 'Latinas in Leadership Institute' (LiLi) in Hartford, Connecticut. The grant will support the institute's six-month certificate program focused on developing leadership and advocacy skills through facilitator-led coursework and personalized assessments. The program includes financial literacy training and wealth management education.
The institute's fourth cohort is scheduled to run from March to September 2025, with applications open until January 25, 2025. Additionally, Latinas & Power will host its 22nd annual symposium on May 29, 2025, at the Connecticut Convention Center, expecting to attract nearly 700 professionals and entrepreneurs.
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