Voya Not Sure About Keeping Its Life Business
February 20, 2018 by Cyril Tuohy
Voya Financial will decide the fate of its individual life business once it sheds its annuities, company executives said Wednesday.
Wall Street analysts had sought guidance and clues from the New York-based asset management and retirement company about the future of its life insurance business.
Voya Financial disclosed in December that it would sell its closed block of variable annuities (CBVA) and its portfolio of fixed and fixed indexed annuities as the company concentrates on the asset management and benefits business, which is more profitable.
Click HERE to read the full story via INN; subscription required.