Last $37.87 USD
Change Today +0.26 / 0.69%
Volume 678.1K
VOYA On Other Exchanges
Symbol
Exchange
New York
Munich
As of 8:04 PM 10/24/14 All times are local (Market data is delayed by at least 15 minutes).
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Company Description

Contact Info

230 Park Avenue

New York, NY 10169

United States

Phone: 212-309-8200

Fax:

fessionals. It serves individual investors through an intermediary-focused distribution platform, consisting of business development and wholesale forces which partner with banks, broker-dealers and independent financial advisers, as well as its affiliate and third-party retirement platforms. Retail Segment: Open- and closed-end funds through affiliate and third-party distribution platforms, including wirehouses, brokerage firms, and independent and regional broker-dealers. Institutional Segment: Individual and pooled accounts, targeting defined benefit, defined contribution recordkeeping and retirement plans, Taft Hartley and endowments and foundations. As of December 31, 2013, Investment Management had approximately 250 institutional clients. Investment Management manages various variable portfolios and mutual funds which are sold through its Retirement Solutions and Insurance Solutions businesses. Competition The company’s principal competitors in the Investment Management business include insurance-owned asset managers, such as Principal Global Investors (Principal Financial Group), Prudential and Ameriprise; bank-owned asset managers, such as J.P. Morgan Asset Management; and pure-play asset managers, including PIMCO, Invesco, Wellington, Legg Mason, T. Rowe Price, Franklin Templeton, and Fidelity. Seasonality The company typically experiences seasonality in its Investment Management segment results. In the first quarters, limited carried interest is generally recorded from investments in private equity. In the fourth quarters, the company’s performance fees recorded based on contracts tend to be higher than other quarters. Insurance Solutions The company’s Insurance Solutions business consists of two financial reporting segments: Individual Life and Employee Benefits. Individual Life The company’s Individual Life segment has an independent distribution footprint and manufactures a range of competitive products, from low-cost term life insurance designed to serve the middle market to fixed, indexed and variable universal life insurance products targeted to more affluent markets. Products and Services The company’s Individual Life segment offers products that include term life, universal life, indexed universal life (IUL) and variable universal life insurance. These offerings are designed to address customer needs for death benefit protection, tax-advantaged wealth transfer and accumulation, premium financing, business planning, executive benefits and supplemental retirement income. Universal Life: Accumulation-focused universal life products feature the opportunity to build tax-deferred cash value that can be accessed by consumers via loans and withdrawals for future needs. This money grows income tax-deferred, meaning no federal or state income taxes apply while it accumulates. The compounding tax-deferred interest can be an attractive feature to policyholders. These products help policyholders meet longer-range goals like college funding, supplemental retirement income and leaving a legacy for heirs. Other features include flexible premium payments that can change to meet policyholders’ evolving financial needs. IUL: For customers looking for an opportunity for a higher return in a low rate environment, the company offers IUL products, which, along with death benefit protection, provide customers the opportunity for growth through potentially stronger surrender values than traditional universal life products. In 2013, the company introduced a re-priced Index Universal Life-Guaranteed Death Benefit (IUL-GDB), which focuses on providing a death benefit for the customer wanting a guarantee but also wanting cash value for future flexibility. The company also has a global IUL product that links to multiple international indices, such as the S&P 500, Hang Seng Index or Euro Stoxx 50. Variable Universal Life: For customers seeking greater growth potential and more control over their investments, the company offers an individual variable universal life insurance product designed to provide long-term cash accumulation potential with the ability to add optional riders that p

 

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VOYA:US $37.87 USD +0.26

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Industry Analysis

VOYA

Industry Average

Valuation VOYA Industry Range
Price/Earnings 7.1x
Price/Sales 0.9x
Price/Book 0.7x
Price/Cash Flow 6.7x
TEV/Sales NM Not Meaningful
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