FinEdge Labs
V

VOYA

VOYAReviewed
3 segments tracked|3 years of data|Annual (10-K)
Total Revenue
$5.6B3.0%
FY2020
Operating Segments
3
Active segments
Blended Margin
15.1%
Operating margin
Highest Margin
28.1%
Investment Management
Segment Shift

Investment Management has grown from 13.0% to 12.6% of total revenue since FY2018, with 28.1% operating margins. Meanwhile, Employee Benefits is the fastest growing at +6.4% YoY.

Segment Revenue Over Time

Revenue Mix

Segment Breakdown — FY2020

SegmentRevenueOp. IncomeMargin% of TotalYoY
Retirement$2.7B$443M16.3%48.7%+0.2%
Employee Benefits$2.2B$204M9.5%38.7%+6.4%
Investment Management$702M$197M28.1%12.6%+4.0%

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