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.
News and updates for Voya Financial, Inc. (NYSE: VOYA) focus on its activities as a retirement, employee benefits and investment management company. Company announcements highlight financial results, capital deployment decisions, product launches and initiatives that affect individual, workplace and institutional clients.
Investors following VOYA news will see regular earnings releases and related conference call details, including updates on segment performance in retirement, investment management and employee benefits. Voya also issues communications about share repurchase plans, common and preferred stock dividends, and preliminary information on assets under management and alternative investment income through Form 8-K filings and press releases.
Beyond financial metrics, Voya’s news flow includes developments in its retirement and wealth platforms and its investment management offerings. Recent announcements describe the launch of a retirement income guidance tool developed with SAVVI Financial for plan participants, the introduction of the WealthPath platform for Voya financial advisors in collaboration with Orion, and the launch of actively managed ETFs by Voya Investment Management. These items illustrate how Voya applies its retirement and asset management capabilities in practice.
Voya also publishes stories related to its community and education initiatives, such as the Voya Unsung Heroes program that provides grants to K–12 educators. These pieces offer additional context on the company’s presence in the education market and its foundation’s focus areas.
For readers tracking VOYA, this news page brings together company press releases and related coverage, offering a view into Voya’s financial reporting, capital actions, product and platform developments, and selected community programs. Investors and observers can use this stream of information to understand how Voya’s retirement, benefits and investment management businesses are evolving over time.
Voya Investment Management (VOYA) announced the first close of a new infrastructure debt fund with over $300 million in commitments, focusing on renewable energy project financing. Co-heads Tom Emmons and Edward Levin noted significant demand for late-stage financing in this sector. The firm has made three renewable energy investments to date, primarily focusing on wind and solar projects. The new team's expertise enhances Voya IM's $70+ billion private and alternative investments portfolio, reinforcing its position in the growing renewable energy infrastructure market.
Voya Financial, Inc. (NYSE: VOYA) has completed the sale of its independent financial planning channel, Voya Financial Advisors (VFA), to Cetera Financial Group. This transaction involves over 800 independent financial professionals joining Cetera, while around 600 professionals will remain with VFA to support Voya's workplace businesses. Voya gained over $300 million in deployable proceeds from this sale. CEO Rodney O. Martin, Jr. emphasized this strategic move aligns with Voya's focus on advancing client support through workplace solutions.
Voya Financial has been recognized as the fastest growing company in the large-carrier category based on voluntary sales, achieving a remarkable 19% growth in 2020, totaling $202 million. This surpasses the overall industry decline of 15.5% from 2019. Voya's performance stands out as it also outpaced growth in the previous two years, with only three other competitors achieving positive growth in 2020. This recognition highlights Voya's commitment to addressing the health and wealth needs of Americans amidst the challenges posed by the pandemic.
Voya Financial (NYSE: VOYA) announced key executives, including Rodney O. Martin, Jr. and Michael Smith, will speak at the Morgan Stanley US Financials, Payments & CRE Conference on June 14, 2021, at 2 p.m. ET. Interested listeners are encouraged to access the webcast early to ensure proper setup. Voya, which provides health, wealth, and investment solutions to around 14.8 million clients, reported $7.6 billion in revenue in 2020 and manages assets totaling $729 billion as of March 31, 2021.
Summary not available.
Voya Financial (NYSE: VOYA) will have CEO Rodney O. Martin, Jr. speak at the 2021 Wells Fargo Virtual Financial Services Investor Conference on May 19, 2021, at 12 p.m. ET. Interested listeners can access the presentation by visiting Voya's investor relations website and are advised to log in 15 minutes early to prepare.
Voya Financial aims to enable over 14.8 million clients to reach their financial wellness goals. As of March 31, 2021, the company managed $729 billion in assets and reported $7.6 billion in revenue for 2020.
Voya Financial (NYSE: VOYA) reported first-quarter 2021 results showing a strong recovery with net income of $1,086 million, or $8.29 per diluted share, compared to a loss of $100 million in Q1 2020. Adjusted operating earnings rose to $223 million, or $1.70 per share, aided by $716 million from exited businesses. Wealth Solutions saw a 5.1% increase in full-service recurring deposits, totaling $11.2 billion, while Health Solutions annualized premiums grew 8.6%. The company repurchased $235 million in stock and retired $75 million in debt, with $1.6 billion in excess capital available.
Voya Financial (NYSE: VOYA) has entered into an agreement to acquire Benefit Strategies, LLC, a third-party administrator specializing in health savings and spending accounts. Benefit Strategies serves over 3,400 employers and nearly 370,000 participants. The acquisition aligns with Voya's workplace growth strategy and will enhance its service capabilities in health savings and spending accounts. The deal is expected to close in Q3 2021, adding around 150 employees to Voya.
Voya Financial (NYSE: VOYA) is accepting applications for its Unsung Heroes grant program, offering $140,000 in annual grants for innovative teaching ideas. The application deadline is June 1, 2021. The program will select fifty finalists, each receiving a $2,000 grant, with three enhanced awards: $25,000 for first place, $10,000 for second, and $5,000 for third. Voya's initiative aims to support educators facing challenges during the pandemic and is part of its broader commitment to community improvement through the Voya Foundation.
Voya Financial (NYSE: VOYA) supports the Securing a Strong Retirement Act of 2021 (SECURE 2.0), encouraging Congress to pass the bill to enhance retirement plan access and coverage. The legislation aims to improve retirement readiness through automatic enrollment in new plans, raising the minimum distribution age, and increasing catch-up contribution limits. Research indicates that 80% of American workers favor equal access to retirement savings. Voya, focused on delivering health, wealth, and investment solutions, aims to ensure a secure financial future for all Americans.