TCIM Issues Statement on Voya Financial

NEW YORK--(BUSINESS WIRE)--TOMS Capital Investment Management (“TCIM”), one of the largest shareholders of Voya Financial, Inc. (NYSE: VOYA), today issued the following statement:

“Despite the underlying strength of the franchise, Voya has deeply impaired its earnings multiple due to the lack of urgency and indecisiveness of management and the Board of Directors, particularly around the stop-loss business. This has eroded credibility with both Voya’s investor base and the research community. As demonstrated by recent transactions, including the sales of Janus Henderson and Schroders at significantly higher multiples, there is real scarcity value and strategic interest for assets like Voya that have scale and drive inflows. We encourage any interested parties to contact the Board of Directors directly.”