Voya’s employee benefits business leans on rising stop-loss prices and a calmer claims picture, but wider swings in medical costs and tougher competition could make that harder to pull off. At the same time, the company is spending to grow wealth management and counting on steady retirement and investment inflows, so a slowdown in client demand could leave profits more exposed than many expect.Read more
Voya Financial is leaning into workplace retirement and employee benefits as more Americans save for later in life, while using automation and partnerships to keep service strong and costs down. The catch is that price pressure, healthcare claim swings, and the risks of buying and integrating other businesses could quickly change the story.Read more
Policy changes that push more workers into workplace retirement plans could quietly send more people and repeat contributions toward Voya’s retirement and workplace benefits business. At the same time, growing interest in private lending investments may lift its investment arm, but ongoing medical claim costs and fee pressure could spoil the upside.Read more
No trending discussion available.
Voya Financial, Inc. provides workplace benefits, and savings solutions and technologies in the United States and internationally. The company operates through three segments: Retirement, Investment Management and Employee Benefits. The Retirement segment offers full-service retirement products; recordkeeping services; stable value and fixed general account investment products; non-qualified plan administration services; and tools, guidance, and services to promote the financial well-being and retirement security of employees. This segment also provides wealth management services, such as individual retirement, managed, and brokerage accounts, as well as financial guidance and advisory services. This segment serves corporate, public and private school systems, higher education institutions, hospitals and healthcare facilities, other non-profit organizations, and state and local governments, as well as institutional clients and individual customers. The Employee Benefits segment offers various insurance products comprising stop loss, group life, group disability, whole and term life, critical illness, accident, and hospital indemnity insurance. This segment also provides worksite employee benefits, health account solutions, leave management, benefits administration, health plan enrollment, financial wellness, and decision support products and services to mid-size and large corporate employers and professional associations. The Investment Management segment provides fixed income, equity, multi-asset, and alternative products and solutions to individual investors, financial intermediaries, and institutional clients through its direct sales force, consultant channel, intermediary partners, banks, broker-dealers, and independent financial advisers. The company was formerly known as ING U.S., Inc. and changed its name to Voya Financial, Inc. in April 2014. Voya Financial, Inc. was founded in 1975 and is based in New York, New York.
