OverviewSuggest Edit

Voya Financial is a company providing retirement, investment, and insurance products. It operates through five segments: retirement, investment management, annuities, individual life, and employee benefits. The company offers individual retirement accounts (IRAs), mutual funds, workplace retirement and college savings plans, spending accounts, as well as general investing and health savings solutions.
TypePublic
Founded1999
HQNew York, NY, US
Websitecorporate.voya.com
Employee Ratings3.2
Overall CultureB

Latest Updates

Employees (est.) (Dec 2019)6,000
Revenue (FY, 2019)$7.5 B(-12%)
Share Price (Jan 2021)$59.5
Cybersecurity ratingAMore

Key People/Management at Voya Financial

Michael Pytosh

Michael Pytosh

Chief Investment Officer, Equities
Paul Zemsky

Paul Zemsky

Chief Investment Officer, Multi-Asset Strategies and Solutions
Jeffrey A Bakalar

Jeffrey A Bakalar

Group Head and Chief Investment Officer, Senior Loans
Christine Hurtsellers

Christine Hurtsellers

Chief Executive Officer
Michael Katz

Michael Katz

Senior Vice President, Head of Investor Relations and Enterprise FP&A
Rodney O. Martin

Rodney O. Martin

Chairman and Chief Executive Officer
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Voya Financial Office Locations

Voya Financial has offices in New York, Atlanta, Braintree, Des Moines and in 5 other locations
New York, NY, US (HQ)
230 Park Ave
Atlanta, GA, US
5780 Powers Ferry Rd NW
Braintree, MA, US
30 Braintree Hill Office Park
Des Moines, IA, US
HUB Tower, 699 Walnut St #1000
Minneapolis, MN, US
20 S Washington Ave
Scottsdale, AZ, US
7337 E Doubletree Ranch Rd
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Voya Financial Financials and Metrics

Voya Financial Revenue

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Voya Financial's revenue was reported to be $7.48 b in FY, 2019
USD

Revenue (Q3, 2020)

2.1b

Gross profit (Q3, 2020)

1.1b

Gross profit margin (Q3, 2020), %

50.7%

Net income (Q3, 2020)

(213.0m)

Market capitalization (15-Jan-2021)

7.5b

Closing stock price (15-Jan-2021)

59.5

Cash (30-Sept-2020)

1.1b

EV

9.5b
Voya Financial's current market capitalization is $7.5 b.
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019

Revenue

10.8b8.6b8.5b7.5b

Revenue growth, %

(4%)(20%)(1%)

Cost of goods sold

7.5b4.6b4.6b2.6b

Gross profit

3.3b4.0b3.9b4.9b
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Revenue

2.2b2.6b2.6b2.0b2.1b2.3b2.2b2.3b2.2b1.7b1.7b2.1b

Cost of goods sold

1.5b1.4b1.3b1.1b1.1b1.3b1.2b1.2b1.3b596.0m711.0m1.0b

Gross profit

735.4m1.2b1.3b877.0m1.0b984.0m1.0b1.1b978.0m1.1b952.0m1.1b

Gross profit Margin, %

33%48%50%45%49%44%46%47%44%65%57%51%
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019

Cash

2.9b1.2b1.5b1.2b

Total Assets

214.2b222.5b154.7b169.1b

Short-term debt

1.0m1.0m

Long-term debt

3.5b3.1b3.1b3.0b
Quarterly
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019

Net Income

(398.7m)(2.8b)1.0b(351.0m)

Depreciation and Amortization

98.6m

Accounts Payable

(219.5m)(71.0m)

Cash From Operating Activities

3.6b1.6b1.5b1.3b
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Net Income

(3.0m)

Cash From Operating Activities

(49.8m)555.2m1.1b401.0m1.1b1.6b131.0m549.0m851.0m(76.0m)432.0m788.0m

Purchases of PP&E

(10.4m)(26.1m)(35.8m)

Cash From Investing Activities

190.8m(701.7m)(2.3b)236.0m87.0m51.0m(44.0m)73.0m(881.0m)(811.0m)(950.0m)(1.8b)
USDFY, 2016

Debt/Equity

0.3 x

Financial Leverage

15.3 x
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Voya Financial Operating Metrics

Voya Financial's Customers was reported to be 13.8 m in Q3, 2019.
FY, 2014Q1, 2015Q2, 2015Q3, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017Q3, 2017FY, 2017Q1, 2018Q2, 2018Q3, 2018FY, 2018Q1, 2019Q2, 2019Q3, 2019

Assets Under Management and Administration

$523.80 b$452.40 b$484.40 b$505.42 b$516.94 b$540.74 b$554.52 b$541.44 b$527.62 b$542.57 b$467 b$547.38 b$560.19 b$568.31 b

Customers

14.70 m13.80 m13.80 m

In-Force Policies

1.12 m1.11 m1.10 m1.09 m926.92 k920.30 k909 k897.47 k886.36 k874.59 k859.88 k
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Voya Financial Acquisitions / Subsidiaries

Company NameDateDeal Size
Australia Retirement Services Holding, LLC
IB Holdings LLC
IIPS OF FLORIDA, LLC
ILICA Inc.
ING Pomona Private Equity Management (Luxembourg) S.A.
Langhorne I, LLC
Midwestern United Life Insurance Company
Opportunity Investor P Associates, L.P.
Opportunity Investor P Secondary Associates, LLC
Pen-Cal Administrators, Inc.
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Voya Financial Revenue Breakdown

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Voya Financial revenue breakdown by business segment: 22.5% from Employee Benefits, 33.2% from Retirement, 8.3% from Investment Management, 31.3% from Individual Life and 4.7% from Other

Voya Financial Cybersecurity Score

Cybersecurity ratingPremium dataset

A

90/100

SecurityScorecard logo

Voya Financial Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

50-59

out of 100

CSRHub logo

Voya Financial Online and Social Media Presence

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Voya Financial Company Culture

  • Overall Culture

    B

    71/100

  • CEO Rating

    A

    77/100

  • Compensation

    C+

    65/100

  • Diversity

    C

    64/100

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Voya Financial News and Updates

Voya Financial explores sale to insurance groups - FT

Voya Financial Inc is exploring a sale that could value the U.S. retirement and insurance plan provider at $10 billion or more, Financial Times reported on Thursday, citing people briefed on the matter.

Continuous Improvement and Automation at Voya Financial

Voya Financial, a retirement financial services firm, has successfully combined process improvement with automation.

Voya Financial Blogs

Actionable steps as you near retirement

Actionable steps as you near retirement jchenail Wed, 01/20/2021 - 10:11 Compliance Code N/A Retirement Individuals Approaching Retirement Business Owner Jen Chenail Expiration Date Tue, 01/31/2023 - …

5 things to do to get organized and on track

5 things to do to get organized and on track jchenail Fri, 01/15/2021 - 13:53 Compliance Code CN1323814_0922 Retirement Individuals Emergency Fund Live & On Demand Sessions Managing Your Day to Day Finances Business Owner …

Voya Financial Schedules Announcement of Fourth-Quarter and Full-Year 2020 Results

Voya Financial Schedules Announcement of Fourth-Quarter and Full-Year 2020 Results 4nMazsqFv5 Wed, 01/13/2021 - 08:50 NEW YORK--(BUSINESS WIRE)-- Voya Financial, Inc. (NYSE: VOYA), announced today that it will host a webcast and conference call on its financial results for the four…

Voya Financial Advisors Welcomes Financial Professional Larry Fiorini

Voya Financial Advisors Welcomes Financial Professional Larry Fiorini 4nMazsqFv5 Mon, 01/11/2021 - 09:20 Voya Financial Advisors, Inc. (VFA), announced today that financial professional Larry Fiorini of Sanatoga, Pennsylvania, has joined the firm. Fiorini offers a broad range of finan…

Voya Financial Recognized Twice — by Caregiving.com and LIMRA — for Its Continued Commitment to the Disabilities Community Through Voya Cares®

Voya Financial Recognized Twice — by Caregiving.com and LIMRA — for Its Continued Commitment to the Disabilities Community Through Voya Cares® 4nMazsqFv5 Fri, 01/08/2021 - 09:10 Voya receives first-ever Caregiving Organization of the Year Award from Caregiving.com and Creative …

Voya Financial Completes Individual Life Transaction

Voya Financial Completes Individual Life Transaction 4nMazsqFv5 Mon, 01/04/2021 - 16:20 Voya well positioned to grow core businesses with a strategic focus on serving the workplace and institutional clients Voya Investment Management to serve as one of the preferred asset manage…
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Voya Financial Frequently Asked Questions

  • When was Voya Financial founded?

    Voya Financial was founded in 1999.

  • Who are Voya Financial key executives?

    Voya Financial's key executives are Michael Pytosh, Paul Zemsky and Jeffrey A Bakalar.

  • How many employees does Voya Financial have?

    Voya Financial has 6,000 employees.

  • What is Voya Financial revenue?

    Latest Voya Financial annual revenue is $7.5 b.

  • What is Voya Financial revenue per employee?

    Latest Voya Financial revenue per employee is $1.2 m.

  • Who are Voya Financial competitors?

    Competitors of Voya Financial include MetLife, Prudential and TIAA.

  • Where is Voya Financial headquarters?

    Voya Financial headquarters is located at 230 Park Ave, New York.

  • Where are Voya Financial offices?

    Voya Financial has offices in New York, Atlanta, Braintree, Des Moines and in 5 other locations.

  • How many offices does Voya Financial have?

    Voya Financial has 9 offices.