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 reported a strong second quarter of 2021, with net income available to common shareholders at $459 million ($3.53 per diluted share), a significant recovery from a loss of $66 million in the same period last year. Adjusted operating earnings surged to a record $287 million ($2.20 per diluted share), driven by robust investment income and business performance. Wealth Solutions saw a 6.7% increase in recurring deposits, while Health Solutions' premiums rose 9.8%. The company also repurchased $518 million in common stock in Q2 and maintains $1.5 billion in excess capital.
Voya Financial (NYSE: VOYA) announced a common stock dividend of $0.165 per share for Q3 2021, payable on Sept. 29, 2021, to shareholders of record as of Aug. 26, 2021. The board also declared a semi-annual dividend of $30.625 per share on Series A fixed-rate preferred stock and a quarterly dividend of $13.3750 per share on Series B preferred stock, both payable on Sept. 15, 2021. Voya continues to focus on helping its approximately 14.8 million clients achieve financial wellness.
Voya Financial (NYSE: VOYA) has released new data showing that 72% of retirement plan participants increased their savings rates in Q2 2021. This aligns with findings from Voya’s research indicating that 63% of Americans are now more focused on retirement planning post-COVID-19. The pandemic has contributed to a significant shift in savings behavior, with 72% of Americans identifying as savers rather than spenders. Voya highlights the importance of employer support in enhancing financial wellness as open enrollment approaches, with 81% of employees seeking help to improve their financial health.
Voya Financial, Inc. (NYSE: VOYA) will announce its second quarter 2021 financial results on Aug. 5, 2021, after market close, followed by a conference call on Aug. 6, 2021, from 10 a.m. to 11 a.m. ET. The results, along with additional investor materials, will be available on the company's investor relations website. Voya aims to assist approximately 14.8 million clients with their financial wellness goals, reporting $7.6 billion in revenue for 2020 and managing $729 billion in assets as of March 31, 2021.
Summary not available.
Summary not available.
Summary not available.
Voya Financial (NYSE: VOYA) has successfully completed the acquisition of Benefit Strategies, LLC, a prominent third-party administrator specializing in health savings and spending accounts. This acquisition adds new capabilities and enhances Voya’s existing health and wealth solutions, benefiting over 3,400 employers and 370,000 participant accounts. Paul Smith, the CEO of Benefit Strategies, and his team of about 150 employees will integrate into Voya’s Health Solutions division, aligning with Voya’s growth strategy and commitment to workplace financial wellness.
On June 29, 2021, Voya Financial (NYSE:VOYA) declared a quarterly dividend of $0.165 per share, resulting in an adjustment of the exercise price for Warrants from $47.84 to $47.73. Additionally, the number of shares each Warrant is exercisable for has increased to 1.002324500, effective from the same date. Voya is recognized for its financial wellness solutions and had a revenue of $7.6 billion in 2020, with total assets of $729 billion as of March 31, 2021.
Centaurus Renewable Energy LLC has secured a $70 million construction bridge loan from Voya Investment Management for the Arroyo Solar & Storage Project in New Mexico. This funding will cover project equipment and construction costs. The project includes a 300MW-AC solar facility and a 150MW/600MWh battery storage system, with a 20-year power purchase agreement with Public Service Company of New Mexico. The initiative aims to replace power from the San Juan Generating Station, which is set to close in 2022.