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 that CEO Rodney O. Martin, Jr. and CEO of Voya Investment Management, Christine Hurtsellers, will participate in the 2021 Credit Suisse Financial Services Forum on February 25, 2021, at approximately 10:30 a.m. ET. Interested listeners can access the webcast through Voya's investor relations website. Voya serves around 13.8 million customers, reported $7.6 billion in revenue in 2020, and manages $700 billion in assets as of December 31, 2020.
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Voya Financial, Inc. (NYSE: VOYA) has been recognized by Barron’s as the No. 5 company on the 2021 100 Most Sustainable Companies list, the highest-ranking financial services firm for the third consecutive year. Voya has maintained a top 10 position since the list's inception in 2018, owing to its commitment to sustainability across various performance indicators. The company reported $7.6 billion in revenue for 2020 and manages $700 billion in assets as of December 31, 2020, serving approximately 13.8 million customers.
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Voya Investment Management has appointed Gabriel Altbach as Managing Director and Chief Marketing Officer. Reporting to Dina Santoro, Altbach will lead a dedicated marketing team to enhance Voya's brand and marketing strategy globally. With over 20 years of experience, he aims to drive Voya's growth by developing innovative marketing initiatives. Previously, Altbach was President of White Marble Marketing in North America and has held key positions at Pioneer Investments and Amundi Asset Management. Voya currently manages over $245 billion in assets.
Voya Investment Management announced a commitment of $4.6 billion in debt through private placements in 2020, with $3.5 billion allocated on behalf of institutional clients. Institutional clients comprise 56% of Voya IM’s $21.5 billion in private placement assets. The company has a selective investment strategy, focusing on opportunities with strong risk/return profiles. Infrastructure financing is expected to grow, with $1.4 billion, or 30.4% of commitments in 2020, directed towards this area, including renewable energy projects.
Voya Financial has launched a unique "Retiree Menu" within the ABA Retirement Funds Program to assist participants nearing or in retirement. This innovative offering aims to provide tailored investment options aligned with their retirement goals. A survey indicates that 94% of Americans with retirement plans value a long-term investment perspective. The Retiree Menu includes a "Retiree Toolbox" with resources like Social Security guidance and access to financial advisors. Voya emphasizes its commitment to enhancing retirement readiness for approximately 13.8 million customers.
Voya Financial (NYSE: VOYA) reported strong financial results for Q4 and FY 2020, achieving a 21% increase in normalized adjusted operating earnings per share year-over-year. The company saw a 6.9% rise in full-service recurring deposits in its Retirement segment and generated $8.4 billion in positive net flows in Investment Management. Voya completed key sales to streamline operations, focusing on workplace clients, and announced a $1 billion share repurchase authorization. Despite challenges from the pandemic, Voya remains optimistic about future growth and client interest in its offerings.
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