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Voya Financial is an American financial, retirement, investment and insurance company based in
New York City New York, often called New York City (NYC), is the most populous city in the United States, located at the southern tip of New York State on one of the world's largest natural harbors. The city comprises five boroughs, each coextensive w ...
. Voya began as ING U.S., the United States operating subsidiary of
ING Group ING Group N.V. () is a Dutch multinational corporation, multinational banking and financial services corporation headquartered in Amsterdam. Its primary businesses are retail banking, direct banking, commercial banking, investment banking, whol ...
, which was spun off in 2013 and established independent financial backing through an
initial public offering An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investm ...
. In April 2014, the company rebranded itself as Voya Financial. Voya's predecessors had first entered the U.S. market in the 1970s. Voya Financial returned to the
Fortune 500 The ''Fortune'' 500 is an annual list compiled and published by ''Fortune (magazine), Fortune'' magazine that ranks 500 of the largest United States Joint-stock company#Closely held corporations and publicly traded corporations, corporations by ...
list in 2024, coming in at #487 with $7.3 billion in revenue.


Operations

The company's main center for
broker-dealer In financial services, a broker-dealer is a natural person, company or other organization that engages in the business of trading securities for its own account or on behalf of its customers. Broker-dealers are at the heart of the securities and ...
(the ''ING Financial Partners'' division) and
annuities In investment, an annuity is a series of payments made at equal intervals based on a contract with a lump sum of money. Insurance companies are common annuity providers and are used by clients for things like retirement or death benefits. Examples ...
businesses is located in
Des Moines, Iowa Des Moines is the List of capitals in the United States, capital and List of cities in Iowa, most populous city in the U.S. state of Iowa. It is the county seat of Polk County, Iowa, Polk County with parts extending into Warren County, Iowa, Wa ...
. This center was first established in 1997 and employed 400 as of late 2014. On July 31, 2017, Voya entered into an agreement with
Cognizant Cognizant Technology Solutions Corporation is an American Multinational corporation, multinational information technology consulting and outsourcing company originally founded in India. It is headquartered in Teaneck, New Jersey, United States. Co ...
to outsource a broad range of IT services, resulting in layoffs and jobs transferred to Cognizant.


References


Further reading

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External links

* {{Authority control Banks based in New York City Companies based in New York City Banks established in 2013 Financial services companies established in 2013 American companies established in 2013 Companies listed on the New York Stock Exchange Companies in the S&P 400 Asset management companies