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Voya Financial Reports Strong 2024 Results and Acquisition

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Voya Financial Reports Strong 2024 Results and Acquisition

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The latest update is out from Voya Financial ( (VOYA) ).

Voya Financial reported strong financial results for the fourth quarter and full year of 2024, with notable growth in Wealth Solutions and Investment Management offset by higher loss ratios in Health Solutions. The company returned $800 million in capital to shareholders and completed the acquisition of OneAmerica Financial’s retirement plan business, which is expected to enhance its industry positioning. Despite challenges in Health Solutions, Voya expects improved profitability in 2025 through core business growth and strategic acquisitions.

More about Voya Financial

Voya Financial, Inc. operates in the financial services industry, primarily offering wealth solutions, investment management, and health solutions. The company focuses on delivering exceptional outcomes for customers and creating long-term value for shareholders, with a significant presence in the retirement plan sector following its recent acquisition of OneAmerica Financial’s retirement plan business.

YTD Price Performance: 0.42%

Average Trading Volume: 822,535

Technical Sentiment Consensus Rating: Hold

Current Market Cap: $6.63B

Learn more about VOYA stock on TipRanks’ Stock Analysis page.

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