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Voya Financial

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, USMap
Websitecorporate.voya.com
Employee Ratings3.2More
Overall CultureBMore
View Jobs (170)

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Latest Updates

Employees (est.) (Dec 2019)6,000
Job Openings170
Revenue (FY, 2020)$7.6 B(+3%)
Share Price (Apr 2021)$67.5
Cybersecurity ratingBMore

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
Jeffrey A Bakalar

Jeffrey A Bakalar

Group Head and Chief Investment Officer, Senior Loans
Christine Hurtsellers

Christine Hurtsellers

Chief Executive Officer, Voya Investment Management
Michael Katz

Michael Katz

Senior Vice President, Head of Investor Relations and Enterprise FP&A
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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
Show all (9)

Voya Financial Financials and Metrics

Voya Financial Revenue

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Voya Financial's revenue was reported to be $7.65 b in FY, 2020
USD

Revenue (FY, 2020)

7.6b

Gross profit (FY, 2020)

4.7b

Gross profit margin (FY, 2020), %

61.4%

Net income (FY, 2020)

(49.0m)

Market capitalization (26-Apr-2021)

8.2b

Closing stock price (26-Apr-2021)

67.5

Cash (31-Dec-2020)

1.5b

EV

9.7b
Voya Financial's current market capitalization is $8.2 b.
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Revenue

10.8b8.6b8.5b7.5b7.6b

Revenue growth, %

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

Cost of goods sold

7.5b4.6b4.6b2.6b3.0b

Gross profit

3.3b4.0b3.9b4.9b4.7b
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%
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Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Cash

2.9b1.2b1.5b1.2b1.5b

Total Assets

214.2b222.5b154.7b169.1b180.5b

Short-term debt

1.0m1.0m1.0m

Long-term debt

3.5b3.1b3.1b3.0b3.0b
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Cash

2.3b2.6b2.0b1.4b1.5b1.8b1.0b1.5b1.4b1.0b1.1b1.1b

Total Assets

217.0b220.0b226.6b219.8b162.7b165.0b162.0b165.2b166.9b155.7b166.9b171.5b

Short-term debt

735.5m735.9m336.6m1.0m1.0m1.0m97.0m1.0m1.0m1.0m1.0m

Long-term debt

2.7b2.7b3.1b3.5b3.5b3.5b3.1b3.0b3.0b3.0b3.0b3.0b
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Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Net Income

(398.7m)(2.8b)1.0b(351.0m)(206.0m)

Depreciation and Amortization

98.6m

Accounts Payable

(219.5m)(71.0m)523.0m

Cash From Operating Activities

3.6b1.6b1.5b1.3b1.2b
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)
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USDFY, 2016

Debt/Equity

0.3 x

Financial Leverage

15.3 x
Show all financial metrics

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

$523.8 b$452.4 b$484.4 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

14.7 m13.8 m13.8 m

In-Force Policies

1.12 m1.11 m1.1 m1.09 m926.92 k920.3 k909 k897.47 k886.36 k874.59 k859.88 k
Show all operating metrics

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

B

88/100

Learn more about our premium products
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Voya Financial Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

50-59

out of 100

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Voya Financial Online and Social Media Presence

Voya Financial's Trends

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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 Blogs

May 05, 2021

Voya strongly supports Securing a Strong Retirement Act

Voya strongly supports Securing a Strong Retirement Act 4nMazsqFv5 Wed, 05/05/2021 - 14:10 Voya encourages Congress to pass new legislation to ensure all Americans have necessary resources for successful retirement Voya data finds majority of American workers agree …
May 03, 2021

Voya selected as new service provider for United Health Services 403(b) and 457(b) retirement plans

Voya selected as new service provider for United Health Services 403(b) and 457(b) retirement plans 4nMazsqFv5 Mon, 05/03/2021 - 09:10 WINDSOR, Conn.--(BUSINESS WIRE)-- Voya Financial, Inc. (NYSE: VOYA), announced today that it has been selected as the recordkeeper and service prov…
April 28, 2021

6 tips for spring cleaning your finances

6 tips for spring cleaning your finances i705883 Wed, 04/28/2021 - 16:56 Compliance Code CN1511164_0323 Retirement Individuals Live & On Demand Sessions Managing Debt Managing Your Day to Day Finances 6 Tips for spring cleaning your financ…
April 28, 2021

Retirement planning for women

Retirement planning for women i705883 Wed, 04/28/2021 - 10:59 Compliance Code CN1576087_0323 Retirement Individuals Live & On Demand Sessions Saving for Retirement Retirement planning for women Business Owner Jen Chenail …
April 27, 2021

ABLE Accounts

ABLE Accounts i705883 Tue, 04/27/2021 - 17:21 Compliance Code N/A Retirement Individuals Live & On Demand Sessions Life and family conversations Special Needs Planning Business Owner Jen Chenail Expirat…
April 26, 2021

Nearly half of Americans who took a loan or withdrawal as a result of the COVID-19 pandemic took more than needed, according to new Voya survey

Nearly half of Americans who took a loan or withdrawal as a result of the COVID-19 pandemic took more than needed, according to new Voya survey 4nMazsqFv5 Mon, 04/26/2021 - 09:10 While many say borrowing from their accounts put them behind in saving for retirement, 68% are in a…
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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.