Voya Financial is an American financial, retirement, investment and insurance company based in New York City. Voya began as ING U.S., the United States operating subsidiary of ING Group, which was spun off in 2013 and established independent financial backing through an initial public offering.[2] In April 2014, the company rebranded itself as Voya Financial.[3] Voya's predecessors had first entered the U.S. market in the 1970s.
 | |
 Headquarters at Helmsley Building | |
| Company type | Public company |
|---|---|
| Industry | Financial services |
| Predecessor | ING U.S. |
| Founded | 1991 (As an ING subsidiary) |
| Headquarters | Helmsley Building New York City, U.S. |
Key people | Heather Lavallee (CEO) Michael S. Smith (CFO) |
| Products | Retirement services Insurance Asset management Employee benefits |
| Revenue |  US$7.6 billion (2020) |
 US$495 million (2020) | |
| US$-158 million (2020) | |
| Total assets | US$180 billion (2020) |
| Total equity | US$11.3 billion (2020) |
Number of employees | 9,000 (2024) |
| Website | voya |
| Footnotes / references [1] | |
Voya Financial returned to the Fortune 500 list in 2024, coming in at #487 with $7.3 billion in revenue.[4]
Operations
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The company's main center for broker-dealer (the ING Financial Partners division)[2] and annuities businesses is located in Des Moines, Iowa.[5] This center was first established in 1997 and employed 400 as of late 2014.[2][5] On July 31, 2017, Voya entered into an agreement with Cognizant to outsource a broad range of IT services, resulting in layoffs and jobs transferred to Cognizant.[6]
References
edit- ^ "US SEC: Form 10-K Voya Financial, Inc". U.S. Securities and Exchange Commission. Retrieved April 2, 2021.
- ^ a b c Gardyasz, Joe (14 Mar 2014). "ING rebranding as Voya Financial". Business Record. Des Moines, Iowa: Business Publications. Retrieved 21 Apr 2015.
- ^ Mathis, Karen Brune (21 Mar 2014). "ING U.S. becomes Voya". Financial News & Daily Record. Jacksonville, Florida.
- ^ "Voya Financial". Fortune. Retrieved 2024-06-09.
- ^ a b Patane, Matthew (2 Sep 2014). "Voya's Des Moines office to celebrate end of rebranding". The Des Moines Register. Retrieved 21 Apr 2015.
- ^ "VOYA FINANCIAL, INC. (NYSE:VOYA) Files An 8-K Entry into a Material Definitive Agreement - Market Exclusive". marketexclusive.com. Retrieved 2017-09-06.
Further reading
edit- Rooney, Jennifer (11 Apr 2013). "ING U.S. To Rebrand As Voya". Forbes. Retrieved 20 Apr 2015.
- "ING U.S. to Become Voya Financial in 2014" (Press release). ING U.S. 13 Jan 2014. Archived from the original on 21 January 2014.
External links
edit- Official website
- Business data for Voya Financial, Inc.: