Uniquely Positioned to Capitalize on Market Opportunities

High Free Cash Flow Generating, High Return, Capital Light Businesses

We are focused on our high growth, high return, capital light businesses as part of our journey to become America’s Retirement Company:

  • Wealth Solutions: We are a Top 5 Player by AUM, plans, and participants
  • Investment Management: Top performing fixed income and specialty asset manager
  • Health Solution: Focused Group Benefits provider with top 5/10 positions in Stop Loss and Voluntary
  • Together we serve 14 million customers with over 225,000 points of distribution and $644 billion AUM / AUA


  1. Note: Pre-tax. Excludes Adjusted Operating Earnings attributable to Corporate. 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.
  2. Excludes notable items; excess alts/prepays, DAC unlocking, COVID impacts in 4Q'21 and 1Q'22, and reserve release in 3Q'22

Disciplined and Opportunistic Capital Management


  1. Excess Capital is defined as Statutory Total Adjusted Capital (TAC) in excess of 375% RBC level, net of any outstanding loans, and Holding Company Liquidity in excess of required liquidity. Holding Company Liquidity includes cash, cash equivalents, short term investments, and short term loans with non-insurance subsidiaries, held at Voya Financial Inc. and Voya Holdings Inc., and Voya Investment Management tangible net capital in excess of target
  2. Financial Leverage Ratio is defined as total financial obligations (short and long term debt, leases, and net pension liabilities) plus preferred stock divided by the sum of total financial obligations and Total Shareholders’ Equity (including AOCI and NCI); see page 13 of the third quarter investor supplement for further details.
  3. Estimated combined adjusted RBC ratio primarily for our principal U.S. insurance subsidiaries, net of any outstanding loans. Subject to change based on our final Statutory financial statements that will be available at the end of November.

Voya Cares and ESG

  • Voya Financial is intentionally a different kind of company — from our culture to our commitment to help all Americans achieve a secure financial future. We are committed to doing the right thing — for our employees, our clients, our communities and the environment.
  • Our commitment to Corporate Responsibility and ESG is woven into throughout our enterprise and guides our decision making process. We believe this provides us with a competitive advantage to peers, advances long-term corporate sustainability, and is ultimately the right thing to do that helps shape the character and culture of Voya
  • Highlight the following:
    • Voya Cares: We support our community investment work through grants and employee matching gifts programs. We also positively impact the community through charitable sponsorships, employee volunteerism and executive board placement programs.
    • ESG: We take a top-down and bottoms-up approach to ESG at Voya as we believe achieving high ESG alignment and standards within and across our organization as helping to drive a competitive advantage, long-term corporate sustainability and differentiation from peers. We encourage you to learn more here