VOYA to Strengthen Wealth Solutions With Buyout, Shares Rise
VOYAVoya Financial(VOYA) ZACKS·2024-09-14 01:06

Shares of Voya Financial, Inc. (VOYA) gained 0.5% in the last trading session after the insurer agreed to buy OneAmerica Financial, Inc.'s full-service retirement plan business for an upfront purchase price of $50 million. The transaction, upon materialization, will strengthen the acquirer's full-service retirement business within Wealth Solutions. This segment accounted for about 41% of total adjusted operating revenues in 2023. OneAmerica Financial is a diversified mutual insurance organization. Its full- ...