Last $39.05 USD
Change Today -0.41 / -1.04%
Volume 1.5M
VOYA On Other Exchanges
New York
As of 8:04 PM 01/28/15 All times are local (Market data is delayed by at least 15 minutes).
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Company Description

Contact Info

230 Park Avenue

New York, NY 10169

United States

Phone: 212-309-8200


verages are re-priced and renewable annually. Group Life: Group life products span basic and supplemental term life insurance, as well as accidental death and dismemberment for mid-sized to large employers and affinity groups. These products offer employees guaranteed issue coverage, convenient payroll deduction, affordable rates and conversion options. Voluntary Benefits (VB): The company’s VB business involves the sale of universal life insurance, whole life insurance, critical illness, accident insurance and short-term disability income through the workplace. This product lineup is 100% employee-paid through payroll deduction. Group Disability: Group disability includes group long term disability, short term disability, telephonic short term disability, voluntary long term disability and voluntary short term disability products for mid-sized to large employers. This product offering is typically packaged for sale with group life products, especially in the middle-market. Markets and Distribution The company’s Employee Benefits segment works primarily with national and regional benefits consultants, brokers, TPAs, enrollment firms and technology partners. Its tenured distribution organization provides local sales and account management support to offer customized solutions to mid-sized to large employers backed by a national accounts team. The company offers solutions to meet the varying and changing needs of its customers and distribution partners. The company primarily uses three distribution channels to market and sell its employee benefits products. Its major channel works through various brokers and consultant firms nationwide and markets its entire product portfolio. The company’s Employee Benefits segment primarily targets mid-sized and large corporate employers and professional associations. In addition, it markets medical stop loss coverage to employer sponsors of self-funded employee health benefits plans. Employee Benefits products are marketed to employers and professional associations through major brokerage operations, benefits consulting firms and direct sales. In the VB market, policies are marketed to employees at the worksite through enrollment firms, technology partners and brokers. When combined with distribution channels used by its Individual Life segment, the company provides complete access to its products through worksite-based sales. Competition The company’s principal competitors include MetLife, Prudential and Minnesota Life in Group Life, Houston Casualty, Symetra and Sun Life in Stop Loss, and Unum, Allstate and Transamerica in VB. Seasonality The company typically experiences seasonality in its Employee Benefits segment results. The first quarters tend to have the highest Group Life loss ratio. There are a number of factors that might contribute to this, such as delayed claims filings during the end of calendar year holiday season. Sales for Group Life and Stop Loss also tend to be the highest in the first quarter, as most of the company’s contracts have January start dates in alignment with the start of the fiscal year of those clients. The third quarters tend to have the second highest Group Life and Stop Loss sales, as a large number of the company’s contracts have July start dates in alignment with the start of the fiscal year of those clients. Closed Blocks The company’s Closed Blocks unit also includes Closed Block Other, which comprises various other lines of business that have been exited through reinsurance agreements or which have also been placed in run-off and separated from its other operations. Closed Block Variable Annuity (CBVA) The company’s CBVA segment consists of retail variable annuity insurance policies with substantial guarantee features sold primarily from 2001 to early 2010, when the block entered run-off. These policies are long-term savings vehicles in which customers (policyholders) made deposits that are primarily maintained in separate accounts established by the company and registered with the Securities and Exchange Commission (SEC) as unit investment trusts. The deposits were invested, largely at the custom


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VOYA:US $39.05 USD -0.41

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Valuation VOYA Industry Range
Price/Earnings 7.0x
Price/Sales 0.9x
Price/Book 0.7x
Price/Cash Flow 6.7x
TEV/Sales NM Not Meaningful

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