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Voya Financial Company profile

About Voya Financial Inc

Voya Financial, Inc. is a retirement, investment and insurance company. The Company operates through three segments: Wealth Solutions, Investment Management and Health Solutions. The Wealth Solutions segment is focused on meeting the needs of individuals in preparing for and sustaining a secure retirement through employer-sponsored plans and services, as well as through individual retirement accounts and comprehensive financial product offerings and planning and advisory services. The Investment Management segment provides investment products and retirement solutions across a broad range of geographies, market sectors, investment styles and capitalization spectrums. Its products and services are offered to institutional clients, including public, corporate and union retirement plans, endowments and foundations and insurance companies. Health Solutions segment provides group insurance products to mid-size and large corporate employers and professional associations.

Financial summary

BRIEF: For the fiscal year ended 31 December 2021, Voya Financial Inc revenues decreased 45% to $4.23B. Net income applicable to common stockholders excluding extraordinary items increased from $177M to $2.08B. Revenues reflect Investment Income, Gross - Insurance decrease of 5% to $2.84B. Net income reflects GAAP Loss Ratio - % -Group life increase of 23% to 95.5%, Total impairments decrease of 98% to $2M (expense).