Voya lifts profit target, announces $750 million buyback
June 5, 2015 by Sonali Basak
(Bloomberg) — Voya Financial Inc., the U.S. insurer and investment manager that was spun off from ING Groep NV, announced a $750 million share buyback and increased its profitability target.
Chief Executive Officer Rodney Martin plans a 2018 operating return on equity of 13.5 percent to 14.5 percent, the New York-based company said Tuesday in a statement. The previous range for that year was 13 percent to 14 percent, and ROE was about 12.1 percent in 2014.
Originally Posted at LifeHealthPro on June 2, 2015 by Sonali Basak.
Categories: Industry Articles
