Comparing the current results to its competitors, Voya Financial Inc reported Revenue decrease in the 2 quarter 2026 year on year by -4.29 %, despite the revenue increase by the most of its competitors of 12.92 %, recorded in the same quarter.
Voya Financial Inc 's Comment on Competition and Industry Peers
The company faces competition from large insurance companies, asset managers, record keepers, and diversified financial institutions, with competitors varying by market and product segment. In the Small Corporate segment, competitors include mutual fund companies and insurance-based providers with third-party administration, such as Empower and Fidelity. The K-12 Education segment features insurance-based providers focusing on school districts, including Equitable and Corebridge. Higher Education competitors consist of 403(b) plan providers, asset managers, and insurance-based providers like TIAA and Fidelity. In the Healthcare and Other Non-Profits segment, competition includes 403(b) plan providers, asset managers, and insurance-based providers such as Fidelity and TIAA. Government segment competitors are primarily insurance-based providers, asset managers, and 457 plan providers, including Empower and Nationwide. Mid-Large Corporate Recordkeeping competitors are mainly asset managers, business consulting services firms, and payroll firms. Named competitors across filings include Corebridge, Empower, Equitable, Fidelity, Nationwide, and TIAA.
June 4, 2024
Voya Financial Enhances Advisor-Managed Accounts with New Non-Core Funds Offering, Achieves Market Leading Growth and ProfitabilityIn an effort to provide greater investment options for their clients, Voya Financial has announced the launch of Primary Plus, an expanded lineup of non-core investment solutions within its Advisor Managed Account (AMA) program. The program allows third-party Registered Investment Advisor (RIA) firms that offer a managed account program through Voya the opportunity to introduce investment options outside of a plan s core investment lineup. This move by Voya reflects their understanding that employees desire and value a personalized and diversified investment strategy.Comparing th...
February 21, 2024
Voya Financial Expands Workplace Benefits with Innovative Health Insurance SolutionVoya Financial, Inc. has recently announced the expansion of its workplace benefits portfolio with the introduction of Voya Protect, a new Group Limited Benefit Insurance. This supplemental health insurance solution aims to help employees alleviate the financial burden of out-of-pocket medical costs. Powered by insurance technology company Ansel Health, Voya Protect is designed to provide quick and easy access to benefits when covered conditions are met.The introduction of Voya Protect reflects Voya Financial s commitment to enhancing its range of offerings and providing comprehensive solutions to meet the evolving needs of em...
February 8, 2024
Voya Financial Inc (NYSE: VOYA) is taking a significant step towards enhancing the retirement investment landscape with the introduction of its new dual Qualified Default Investment Alternative (QDIA). This cutting-edge offering, developed as part of Voya s suite of advice and guidance solutions, promises more personalized retirement investments and increased sophistication for asset allocation within Voya-administered retirement plans.With the new dual QDIA, Voya aims to empower plan participants by providing them with a broader range of investment options and customized solutions that align with their individual retirement goals. By leveraging advanced algorithms and market insights, Voya s dual QDIA offer...
December 7, 2023
Voya Financial Enhances Employee Wellness Platform with Innovative Dashboard Experience WINDSOR, Conn. - Voya Financial, Inc. (NYSE: VOYA), a prominent health, wealth, and investment company, is proud to announce the launch of its new employee homepage dashboard. This latest addition to Voya s platform of employee wellness solutions aims to provide a comprehensive and streamlined experience for its individual customers. The new homepage dashboard offers a centralized hub, allowing Voya Health Solutions and Wealth Solutions customers to access and manage their workplace retirement plans and health savings accounts in one convenient location. With this innovative feature, Voya aims to enhance user expe...
December 4, 2023
Voya Financial Secures Role as Leading Retirement Plan Service Provider for ABA Retirement Funds Program WINDSOR, Conn. - Voya Financial, a prominent health, wealth, and investment company, announced today its continued partnership as the chosen recordkeeper and retirement plan service provider for the ABA Retirement Funds Program. Developed six decades ago by the American Bar Association, this comprehensive retirement offering caters specifically to organizations within the legal community. Voya Financial s unwavering commitment to delivering tailored solutions to its participants has solidified its position as a trusted industry leader. The Program, designed to assist organizations within the legal...
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Sources:
Voya Financial Inc’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
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