Investment Management

We are a prominent full-service asset manager with $217 billion of AUM and $50 billion of AUA as of September 30, 2019. We serve both individual and institutional customers, offering them domestic and international fixed income, equity, multi-asset and alternative investment products and solutions across a range of geographies, investment styles and capitalization spectrums. We are committed to investing responsibly and delivering research-driven, risk-adjusted, client-oriented investment strategies and solutions and advisory services. Our business manages third-party assets and separate and general account assets from our Ongoing Business and Closed Block businesses.

2019 Investment Management Normalized Adjusted Operating Earnings before Income Taxes of $186mn1

Pie Chart - Investment Management Pre-Tax Operating Earnings

Objective: Increase our operating margin by leveraging our strong investment performance to gather more assets and benefit from economies of scale.

Performance dashboard:

Bar Chart - Investment Management Pre-Tax Operating Earnings

1. Note: Pre-tax. Excludes Normalized Adjusted Operating Earnings attributable to Corporate, all unlocking of DAC/VOBA and, prepayment fees and alternative income above/(below) long term expectations. Normalized Adjusted Operating Earnings is a non-GAAP financial measure. Information regarding this non-GAAP financial measure, and a reconciliation to most comparable U.S. GAAP measure, is provided in the “Reconciliations” section of the Quarterly Investor Supplement.

Investment Management Pre-Tax Operating Margin


1. The chart above includes investment capital.



  • Institutional: Through a dedicated sales and service platform consisting of direct-and consultant-focused sales professionals.
  • Retail: Through intermediary-focused distribution platform, consisting of business development and wholesale forces which partner with: banks, broker-dealers, independent financial advisers, and affiliate and third-party retirement platforms.


1 Voya Investment Management calculations as of December 31, 2019. Metrics presented are based on a prescribed criteria to measure each asset class based on its respective success in either, A) ranking above the median of its peer category; or B) outperforming its benchmark on a gross-of-fee basis. Metrics are calculated on an annualized basis and inclusive of fully-actively managed mutual funds, collective investment trusts, and separately-managed institutional mandates included in traditional (long-only) third-party accounts remaining open as of December 31, 2019. Above median metrics represent a mix of net-of-fee rankings from Morningstar and gross-of-fee rankings from eVestment. Past performance is not a guarantee or reliable indicator of future results. All investments involve risk including the possible loss of capital.

More About Voya

Contact Investor Relations

Michael Katz
Senior Vice President, Head of Investor Relations and Enterprise FP&A
Contact Us

Powered By Q4 Inc. | © 2017 Voya Services Company. All rights reserved.