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 2020)6,000
Job Openings455
Revenue (FY, 2020)$7.6 B(+3%)
Share Price (Sept 2021)$63.2
Cybersecurity ratingAMore

Key People/Management at Voya Financial

Nancy Ferrara

Nancy Ferrara

Executive Vice President, Operations and Continuous Improvement & Director, Voya Foundation
Michael Pytosh

Michael Pytosh

Chief Investment Officer, Equities
Paul Zemsky

Paul Zemsky

Chief Investment Officer, Multi-Asset Strategies and Solutions
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
Charles P. Nelson

Charles P. Nelson

Chief Executive Officer, Retirement and Employee Benefits; Director , Voya Foundation
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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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View revenue for all periods
Voya Financial's revenue was reported to be $7.65 b in FY, 2020 which is a 2.3% increase from the previous period.
USD

Revenue (Q1, 2021)

(2.0b)

Gross profit (Q1, 2021)

(6.1b)

Gross profit margin (Q1, 2021), %

314.1%

Net income (Q1, 2021)

1.1b

Market capitalization (15-Sept-2021)

7.7b

Closing stock price (15-Sept-2021)

63.2

Cash (31-Mar-2021)

1.2b

EV

9.5b
Voya Financial's current market capitalization is $7.7 b.
Annual
USDFY, 2018FY, 2019FY, 2020

Revenue

8.5b7.5b7.6b

Revenue growth, %

(1%)(12%)2%

Cost of goods sold

4.6b3.8b4.1b

Gross profit

3.9b3.7b3.5b
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Revenue

2.2b2.3b2.2b1.7b1.7b2.1b(2.0b)

Cost of goods sold

1.2b1.2b1.3b882.0m997.0m1.3b4.2b

Gross profit

1.0b1.1b978.0m803.0m666.0m772.0m(6.1b)

Gross profit Margin, %

46%47%44%48%40%37%314%
Annual
USDFY, 2018FY, 2019FY, 2020

Cash

1.5b1.2b1.5b

Total Assets

154.7b169.1b180.5b

Short-term debt

1.0m1.0m1.0m

Long-term debt

3.1b3.0b3.0b
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Cash

1.0b1.5b1.4b1.0b1.1b1.1b1.2b

Total Assets

162.0b165.2b166.9b155.7b166.9b171.5b162.9b

Short-term debt

1.0m97.0m1.0m1.0m1.0m1.0m1.0m

Long-term debt

3.1b3.0b3.0b3.0b3.0b3.0b3.0b
Annual
USDFY, 2018FY, 2019FY, 2020

Net Income

1.0b(351.0m)(206.0m)

Cash From Operating Activities

1.5b1.3b1.2b

Cash From Investing Activities

(282.0m)(1.3b)(2.5b)

Long-term Borrowings

(1.4b)(1.0b)(991.0m)
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Cash From Operating Activities

131.0m549.0m851.0m(76.0m)432.0m788.0m(936.0m)

Cash From Investing Activities

(44.0m)73.0m(881.0m)(811.0m)(950.0m)(1.8b)670.0m

Long-term Borrowings

(407.0m)(835.0m)(181.0m)(470.0m)(629.0m)(91.0m)

Dividends Paid

(11.0m)(13.0m)(47.0m)(34.0m)(47.0m)(90.0m)(34.0m)
USDFY, 2018

EV/CFO

5.2 x

Revenue/Employee

1.4m

Debt/Equity

0.4 x

Financial Leverage

17.3 x

P/E Ratio

7.7
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Voya Financial Operating Metrics

Voya Financial's Customers was reported to be 14.8 m in FY, 2020. Voya Financial's Assets Under Management was reported to be $373.4b in Q1, 2021.
FY, 2018Q1, 2019Q2, 2019Q3, 2019FY, 2019Q1, 2020Q2, 2020Q3, 2020FY, 2020Q1, 2021

Assets Under Management

$281.38 b$298.18 b$305.88 b$310.37 b$322.54 b$292.51 b$327.38 b$345.6 b$364.61 b$373.35 b

Assets Under Administration

$185.89 b$249.2 b$254.31 b$257.94 b$280.25 b$245.31 b$278.71 b$311.88 b$335.58 b$355.93 b

Customers

13.8 m13.8 m14.8 m

Facility Space, sq. ft.

1.8 b2 m1.8 b
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Voya Financial Acquisitions / Subsidiaries

Company NameDateDeal Size
IIPS OF FLORIDA, LLC
ILICA LLC
ING Pomona Private Equity Management (Luxembourg) S.A.
Midwestern United Life Insurance Company
Oconee Real Estate Holdings LLC
Opportunity Investor P Associates, L.P.
Opportunity Investor P, L.P.
Opportunity Investor P Secondary Associates, LLC
Pen-Cal Administrators, Inc.
Pomona Associates VIII, L.P.
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Voya Financial Cybersecurity Score

Cybersecurity ratingPremium dataset

A

90/100

SecurityScorecard 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

Cybersecurity : Mobile devices and apps

Cybersecurity : Mobile devices and apps i712785 Thu, 07/15/2021 - 13:19 Compliance Code CN1634051_0523 Retirement Individuals Protection and Insurance Live & On Demand Sessions Business Owner Jennifer Song …

Voya Financial named a ‘Best Place to Work for Disability Inclusion’ for fourth consecutive year

Voya Financial named a ‘Best Place to Work for Disability Inclusion’ for fourth consecutive year 4nMazsqFv5 Tue, 07/13/2021 - 09:20 NEW YORK--(BUSINESS WIRE)-- Voya Financial, Inc. (NYSE: VOYA), announced today that it has earned recognition as a “Best Place to Work for Disability …

Voya Financial completes acquisition of Benefit Strategies, LLC

Voya Financial completes acquisition of Benefit Strategies, LLC 4nMazsqFv5 Thu, 07/01/2021 - 16:30 Transaction supports Voya’s workplace-centered business model and increases its position in the growing health savings and spending accounts market NEW YORK--(BUSINESS WIR…

Centaurus Renewable Energy LLC closes $70M Construction bridge loan with Voya Investment Management for the Arroyo Solar & Storage Project in New Mexico

Centaurus Renewable Energy LLC closes $70M Construction bridge loan with Voya Investment Management for the Arroyo Solar & Storage Project in New Mexico 4nMazsqFv5 Tue, 06/29/2021 - 12:50 HOUSTON--(BUSINESS WIRE)-- Centaurus Renewable Energy LLC, the developer of the Arroyo S…

Cybersecurity: Introduction

Cybersecurity: Introduction i712785 Fri, 06/25/2021 - 16:30 Compliance Code CN1634028_0523 Retirement Individuals Live & On Demand Sessions Protection and Insurance Business Owner Jennifer Song Expiration D…

When is the right time to apply for Social Security? — Choosing the ideal age to receive the benefit you’ve earned

When is the right time to apply for Social Security? — Choosing the ideal age to receive the benefit you’ve earned j687148 Thu, 06/24/2021 - 21:02 Compliance Code CN1707039_0723 Retirement Individuals Income Planning Business Owner K…
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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 Nancy Ferrara, Michael Pytosh and Paul Zemsky.

  • How many employees does Voya Financial have?

    Voya Financial has 6,000 employees.

  • What is Voya Financial revenue?

    Latest Voya Financial annual revenue is $7.6 b.

  • What is Voya Financial revenue per employee?

    Latest Voya Financial revenue per employee is $1.3 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.