Don't Miss Our Christmas Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Voya Financial ( (VOYA) ) just unveiled an update.
Voya Financial announces CEO Robert Grubka’s departure and updates on its Stop Loss business, projecting a higher loss ratio of 90-105% for January 2024 due to increased claims frequency. The company plans to adjust premium rates and focus on profitability for 2025, expecting a 10-20% decline in in-force premiums. It remains committed to returning $800 million to shareholders and focuses excess capital on acquiring OneAmerica’s retirement business.
Find detailed analytics on VOYA stock on TipRanks’ Stock Analysis page.
