Voya Financial

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.[3] In April 2014, the company rebranded itself as Voya Financial.[4] Voya's predecessors had first entered the U.S. market in the 1970s.

Voya Financial, Inc.

Type	Public
Traded as	NYSE: VOYA Russell 1000 Component
Industry	Financial services
Predecessor	ING U.S.
Founded	1991 (1991) (As an ING subsidiary)
Headquarters	Helmsley Building New York City, US
Key people	Rodney O. Martin, Jr. (Chairman & CEO) Michael S. Smith (CFO)
Products	Retirement services Insurance Asset management Employee benefits
Revenue	US$ 8.618 billion (2017)
Operating income	US$ 528 million (2017)
Net income	US$ -2.792 billion (2017)
Total assets	US$ 222.53 billion (2017)
Total equity	US$ 11.039 billion (2017)
Number of employees	6,300 [1] (2017)
Website	www.voya.com
Footnotes / references [2]

As of 2016, Voya served approximately 14.7 million customers with over $550 billion combined in assets under management (AUM) and assets under administration (AUA).[2]

Operations

One of three Voya Financial buildings in Minneapolis

The company's main center for broker-dealer (the ING Financial Partners division)[3] and annuities businesses is located in Des Moines, Iowa.[5] This center was first established in 1997 and employed 400 as of late 2014.[3][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

1. "Voya Financial". Fortune. Retrieved 2018-12-01.
2. "US SEC: Form 10-K Voya Financial, Inc". U.S. Securities and Exchange Commission. Retrieved February 23, 2018.
3. Gardyasz, Joe (14 Mar 2014). "ING rebranding as Voya Financial". Business Record. Des Moines, Iowa: Business Publications. Retrieved 21 Apr 2015.
4. Mathis, Karen Brune (21 Mar 2014). "ING U.S. becomes Voya". Financial News & Daily Record. Jacksonville, Florida.
5. Patane, Matthew (2 Sep 2014). "Voya's Des Moines office to celebrate end of rebranding". The Des Moines Register. Retrieved 21 Apr 2015.
6. "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

• 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.