- Business
- Voya Financial, Inc. Voya Financial, Inc. (NYSE: VOYA) operates as a leading provider of retirement, employee benefits, health solutions, and investment management services primarily in the United States with select international operations. The company offers a comprehensive suite of workplace solutions through its Wealth Solutions and Health Solutions segments, including retirement products such as 401(k), 403(b), and 457 plans serving approximately 60,000 employers and nearly 8 million participants with $670 billion in defined contribution assets; employee benefits encompassing stop-loss, group life, disability, and voluntary supplemental health insurance covering 7.5 million individuals, health savings accounts (HSAs), flexible spending accounts (FSAs), and benefits administration via its Benefitfocus subsidiary reaching 11.7 million employees; and innovative digital platforms like myVoyage for personalized financial guidance and Voya Claims 360 for streamlined claims processing. Voya Investment Management, drawing on over 50 years of active investing expertise from 300+ professionals, manages approximately $395 billion in assets across public and private fixed income, equities, multi-asset solutions, alternative strategies, and recently launched actively managed ETFs such as the Voya Multi-Sector Income ETF (VMSB) for institutions, financial intermediaries, and individual investors. Founded from predecessors entering the U.S. market in the 1970s as part of ING Group, with its independent public entity established via IPO in 2013 and rebranding to Voya Financial in 2014, the company maintains headquarters at 230 Park Avenue in New York City and employs around 10,000 people across locations including Des Moines, Iowa; Windsor, Connecticut; and Minneapolis, Minnesota. Recent developments include the completion of its acquisition of OneAmerica Financial's full-service retirement plan business in January 2025, enhancing scale in employee stock ownership plans and advisor relationships; a July 2025 strategic partnership with Blue Owl Capital to introduce private markets strategies like collective investment trusts (CITs) into defined contribution plans and explore insurance asset management collaborations; the launch of Voya Global Consulting practice management platform and expansion of its investment management distribution team in July 2025; and a 4.4% increase in its common stock dividend to $0.47 per share announced in October 2025.