Voya Financial Revenues And Revenue Growth From 2012 To 2016

This report provides the last five years revenues and revenue growth of Voya Financial, Inc. (VOYA) from 2012 to 2016. Voya Financial generated a total of $10.8 billion revenues during 2016. Voya Financial reported a revenue growth of -4.1% year-over-year during 2016. The revenues and the revenue growth correspond to the fiscal year ending in December.

Voya Financial Revenues From 2012 To 2016

Here are the revenues and the revenue growth details of Voya Financial during the last five years:

  • Voya Financial generated a total of $9.6 billion revenues during 2012. Voya Financial reported a revenue growth of -1.1% year-over-year during 2012.
  • Voya Financial generated a total of $8.8 billion revenues during 2013. Voya Financial reported a revenue growth of -8.9% year-over-year during 2013.
  • Voya Financial generated a total of $11 billion revenues during 2014. Voya Financial reported a revenue growth of 25.5% year-over-year during 2014.
  • Voya Financial generated a total of $11.2 billion revenues during 2015. Voya Financial reported a revenue growth of 2.3% year-over-year during 2015.
  • Voya Financial generated a total of $10.8 billion revenues during 2016. Voya Financial reported a revenue growth of -4.1% year-over-year during 2016.

Why Analyze Revenue Growth?

Revenue growth is the most commonly analyzed financial metric. Revenue Growth is the percent increase (or decrease) of a company's revenue between two time periods. It is computed by using the following formula: ((revenues during the time period two - revenues during the time period one) / revenues during the time period one)*100. If the time periods are two consecutive years, then the revenue growth is referred to as the annual revenue growth year-over-year. If the time periods are two consecutive quarters, then the revenue growth is referred to as the quarterly revenue growth quarter-over-quarter. If the time periods refer to the same quarter in the two consecutive years, then the revenue growth is referred to as quarterly revenue growth year-over-year. In case the time periods are two non-consecutive years, then the revenue CAGR (Commutative Annual Growth Rate) is computed.

Revenue growth analysis is important for a number of reasons. First, it helps in understanding how a business is performing. If the revenue growth rates are positive, it means the business is performing well and the revenues are increasing. If the revenue growth rates are negative, it means the revenues are declining and the company needs to take measures to increase them. If they don't, the company will continue to shrink. Second, a company's historical revenue growth analysis along with the market size and market share analysis helps in forecasting the future revenues of a company. Third, a comparison of a company's growth rates with its competitors helps in determining who is winning more business. A revenue growth higher than the industry average translates into increasing market share. Companies with very high revenue growth rates have the potential to be the industry disrupters.

Voya Financial Ranking

With $10.8 billion revenues, Voya Financial ranked number 273 in the R&P Research list of top-3000 public companies in the US by revenues during 2016. Each one of the top-3000 companies generated more than $50 million of annual revenues during 2016.

The top-20 companies in the US by revenues during 2016 were:

  1. Walmart ($482.1 billion)
  2. ExxonMobil ($226.1 billion)
  3. Berkshire Hathaway ($223.6 billion)
  4. Apple ($215.6 billion)
  5. McKesson ($190.9 billion)
  6. UnitedHealth Group ($184.8 billion)
  7. CVS Health ($177.5 billion)
  8. General Motors ($166.4 billion)
  9. AT&T ($163.8 billion)
  10. Ford Motor ($151.8 billion)
  11. AmerisourceBergen ($146.8 billion)
  12. Amazon ($136 billion)
  13. Verizon ($126 billion)
  14. General Electric ($123.7 billion)
  15. Cardinal Health ($121.5 billion)
  16. Costco ($118.7 billion)
  17. Walgreens Boots Alliance ($117.4 billion)
  18. Chevron ($114.5 billion)
  19. Kroger ($109.8 billion)
  20. Express Scripts Holding ($100.3 billion)

For the purpose of performance benchmarking of a company with a sector or industry average, R&P Research associates every company with one sector and one industry. An industry consists of companies with related/similar business models. A sector comprises of a group of related/similar industries. For high-level analysis purposes, related/similar sectors are grouped into sector groups.

For example, Healthcare sector group is comprised of Life Sciences sector and Healthcare Services sector. Life Sciences sector is comprised of following industries: Pharmaceuticals; Medical Devices; Biotechnology; Diagnostics & Scientific Instruments. Healthcare Services sector is comprised of following industries: Drug Stores, PBM and Distributors; Healthcare Payers; Healthcare Providers; Medical Software; Healthcare Research Services.

Voya Financial is associated with Financials Sector Group, Insurance Sector, and Life Insurance Industry.

With $10.8 billion revenues, Voya Financial ranked number 35 of all the companies in the US Financials sector group. There were a total of 705 public companies in the US Financials sector group that had revenues greater than $50 million during 2016.

The top-10 companies in the US Financials sector group by revenues during 2016 were:

  1. Berkshire Hathaway ($223.6 billion)
  2. JPMorgan Chase ($95.7 billion)
  3. Wells Fargo ($84.5 billion)
  4. Bank of America ($83.7 billion)
  5. Citigroup ($69.9 billion)
  6. MetLife ($63.5 billion)
  7. Prudential Financial ($58.8 billion)
  8. AIG ($52.4 billion)
  9. Allstate ($36.5 billion)
  10. Morgan Stanley ($34.6 billion)

Financials sector group is comprised of the following sectors: Banking; Insurance; Financial Services; Real Estate & REITs.

With $10.8 billion revenues, Voya Financial ranked number 18 of all the companies in the US Insurance sector. There were a total of 101 public companies in the US Insurance sector that had revenues greater than $50 million during 2016.

The top-10 companies in the US Insurance sector by revenues during 2016 were:

  1. Berkshire Hathaway ($223.6 billion)
  2. MetLife ($63.5 billion)
  3. Prudential Financial ($58.8 billion)
  4. AIG ($52.4 billion)
  5. Allstate ($36.5 billion)
  6. Chubb ($31.5 billion)
  7. Travelers Companies ($27.6 billion)
  8. Progressive ($23.4 billion)
  9. Aflac ($22.6 billion)
  10. Hartford Financial Services Group ($18.3 billion)

Insurance sector is comprised of the following industries: Life Insurance; Property & Casualty Insurance; Surety & Title Insurance; Insurance Brokerage; Diversified Insurance. The definitions for each of the industries is as follows:

  • Life Insurance industry includes companies engaged principally in life insurance.
  • Property & Casualty Insurance industry includes companies engaged principally in accident, fire, automotive, marine, malpractice and other classes of non-life insurance.
  • Surety & Title Insurance industry includes companies providing title & surety insurance.
  • Insurance Brokerage industry includes insurance brokers and agencies.
  • Diversified Insurance industry includes companies with life, health, property & casualty, and reinsurance interests, none of which predominates.

With $10.8 billion revenues, Voya Financial ranked number 5 of all the companies in the US Life Insurance industry. There were a total of 14 public companies in the US Life Insurance industry that had revenues greater than $50 million during 2016.

The top-10 companies in the US Life Insurance industry by revenues during 2016 were:

  1. MetLife ($63.5 billion)
  2. Prudential Financial ($58.8 billion)
  3. Lincoln National ($13.3 billion)
  4. Reinsurance Group Of America ($11.5 billion)
  5. Voya Financial ($10.8 billion)
  6. Genworth Financial ($8.4 billion)
  7. Torchmark ($3.9 billion)
  8. American National Insurance ($3.2 billion)
  9. American Equity Investment Life ($2.2 billion)
  10. Primerica ($1.5 billion)

Companies Segmentation

To identify and analyze high/low growth or most/least profitable similar-size companies in different sectors or industries, R&P research classifies all companies into different segments based upon their revenues, revenue growth, and net profit margins.

Based upon their annual revenues, the companies are classified into one of the following four segments:

  1. Mega companies, having revenues greater than $50 billion.
  2. Very Large companies, having revenues between $10 billion and $50 billion.
  3. Large companies, having revenues between $1 billion and $10 billion.
  4. Mid-size companies, having revenues between $50 million and $1 billion.

With $10.8 billion revenues, Voya Financial was in the Very Large companies revenue segment during 2016. There were a total of 239 companies in the Very Large companies revenue segment during 2016.

Based upon their annual revenue growth, the companies are classified into one of the following eight segments:

  1. Very High positive growth companies, having annual revenue growth greater than 50%.
  2. High positive growth companies, having annual revenue growth between 20% and 50%.
  3. Medium positive growth companies, having annual revenue growth between 5% and 20%.
  4. Low positive growth companies, having annual revenue growth between 0% and 5%.
  5. Low negative growth companies, having annual revenue growth between -5% and 0%.
  6. Medium negative growth companies, having annual revenue growth between -20% and -5%.
  7. High negative growth companies, having annual revenue growth between -50% and -20%.
  8. Very High negative growth companies, having annual revenue growth less than -50%.

With -4.1% revenue growth year-over-year, Voya Financial was in the Low negative revenue growth segment during 2016. There were a total of 384 companies in the Low negative revenue growth segment during 2016. Of the US top-3000 companies, 1985 (nearly two-third of the total) had positive revenue growth and 1015 (nearly one-third of the total) had negative revenue growth during 2016.

Based upon their annual net profit margin, the companies are classified into one of the following eight segments:

  1. Very High positive margin companies, having net profit margin greater than 50%.
  2. High positive margin companies, having net profit margin between 20% and 50%.
  3. Medium positive margin companies, having net profit margin between 5% and 20%.
  4. Low positive margin companies, having net profit margin between 0% and 5%.
  5. Low negative margin companies, having net profit margin between -5% and 0%.
  6. Medium negative margin companies, having net profit margin between -20% and -5%.
  7. High negative margin companies, having net profit margin between -50% and -20%.
  8. Very High negative margin companies, having net profit margin less than -50%.

With a net margin of -4%, Voya Financial was in the Low negative net profit margin segment during 2016. There were a total of 249 companies in the Low negative net profit margin segment during 2016. Of the US top-3000 companies, 2244 (nearly three-fourth of the total) had positive net profit margin and 756 (nearly one-fourth of the total) had negative net profit margin during 2016.

Company Business Summary

Voya Financial, Inc. operates as a retirement, investment, and insurance company in the United States. It operates through five segments: Retirement, Investment Management, Annuities, Individual Life, and Employee Benefits. The Retirement segment offers tax-deferred employer-sponsored retirement savings plans and administrative services in corporate, education, healthcare, and other non-profit and government entities; and rollover individual retirement accounts and other retail financial products, as well as financial planning and advisory services. This segment sells its products to corporate, education, healthcare, and other non-profit and government entities, as well as institutional and individual customers; and through third-party administrators, wirehouse affiliated brokers, registered investment advisors, independent sales agents, and consulting firms. The Investment Management segment provides fixed income, equity, multi-asset, and alternative products and solutions to individual and institutional customers directly, as well as through consultant channel, banks, broker-dealers, and independent financial advisers. The Annuities segment offers fixed and indexed annuities, tax-qualified mutual fund custodial products, and other investment-only products and payout annuities through independent marketing organizations, independent and affiliated broker-dealers, banks, independent insurance agents, and pension products. The Individual Life segment provides wealth protection and transfer opportunities through universal, variable, and term life products. The Employee Benefits segment offers stop loss, group life, voluntary employee-paid, and disability products through consultants, brokers, third-party administrators, enrollment firms, and technology partners. The company was formerly known as ING U.S., Inc. and changed its name to Voya Financial, Inc. in April 2014. Voya Financial, Inc. was incorporated in 1999 and is based in New York, New York.

Data Source

The chart and the data on this page are sourced from the R&P Research Industry Intelligence Platform. The platform provides the key financial metrics for all the public companies in the United States. The platform empowers users to compare last five or 15 years financial data of a company with the other companies or the industry averages. This benchmarking exercise yields powerful insights that can drive better business decisions.


Industry Peers and Competitors of Voya Financial

Prudential Financial (PRU) Business Analysis – Analyze Historical Performance, Strategic Priorities,...

Prudential Financial Inc with $59 billion revenues in the year 2016 was the number 2 Life Insurance company. Read this report to know the top competitors of Prudential Financial and identify growth and cost optimization opportunities of Prudential Financial

Lincoln National (LNC) Business Analysis – Analyze Historical Performance, Strategic Priorities,...

Lincoln National Corp with $13 billion revenues in the year 2016 was the number 3 Life Insurance company. Read this report to know the top competitors of Lincoln National and identify growth and cost optimization opportunities of Lincoln National

Reinsurance Group Of America (RGA) Business Analysis – Analyze Historical Performance,...

Reinsurance Group Of America Inc with $12 billion revenues in the year 2016 was the number 4 Life Insurance company. Read this report to know the top competitors of Reinsurance Group Of America and identify growth and cost optimization opportunities of Reinsurance Group Of America

Genworth Financial (GNW) Business Analysis – Analyze Historical Performance, Strategic Priorities,...

Genworth Financial Inc with $8 billion revenues in the year 2016 was the number 6 Life Insurance company. Read this report to know the top competitors of Genworth Financial and identify growth and cost optimization opportunities of Genworth Financial

Torchmark (TMK) Business Analysis – Analyze Historical Performance, Strategic Priorities, And...

Torchmark Corp with $4 billion revenues in the year 2016 was the number 7 Life Insurance company. Read this report to know the top competitors of Torchmark and identify growth and cost optimization opportunities of Torchmark

American National Insurance (ANAT) Business Analysis – Analyze Historical Performance, Strategic...

American National Insurance Co with $3 billion revenues in the year 2016 was the number 8 Life Insurance company. Read this report to know the top competitors of American National Insurance and identify growth and cost optimization opportunities of American National Insurance

Revenues Analysis

Voya Financial (VOYA) Revenues And Revenue Growth From 2012 To 2016

This report provides the last five years revenues and revenue growth of Voya Financial, Inc. (VOYA) from 2012 to 2016. Voya Financial generated a total of $10.8 billion revenues during 2016. Voya Financial reported a revenue growth of -4.1% year-over-year during 2016. The revenues and the revenue growth correspond to the fiscal year ending in December.

Voya Financial (VOYA) Revenues And Revenue Growth From 2011 To 2016

This report provides the last six years revenues and revenue growth of Voya Financial, Inc. (VOYA) from 2011 to 2016. Voya Financial generated a total of $10.8 billion revenues during 2016. Voya Financial reported a revenue growth of -4.1% year-over-year during 2016. The revenues and the revenue growth correspond to the fiscal year ending in December.

Voya Financial (VOYA) Revenue Growth Comparison With Industry Growth From 2012...

This report provides a comparison of Voya Financial, Inc. (VOYA) revenue growth with Life Insurance industry growth during the last five years from 2012 to 2016. Voya Financial reported a revenue growth of -4.1% year-over-year during 2016. The Life Insurance industry growth was -1.7% year-over-year during 2016. Voya Financial growth was slower than the industry during 2016.

Profit Analysis

Voya Financial (VOYA) Net Profit And Net Margin From 2012 To...

This report provides the last five years net profit and net margin of Voya Financial, Inc. (VOYA) from 2012 to 2016. Voya Financial reported a total net income of -$428 million during 2016. Voya Financial generated a total of $10.8 billion revenues during 2016. Voya Financial net profit margin was -4% during 2016. The net profit and the net profit margin correspond to the fiscal year ending in December.

Voya Financial (VOYA) Net Profit And Net Margin From 2011 To...

This report provides the last six years net profit and net margin of Voya Financial, Inc. (VOYA) from 2011 to 2016. Voya Financial reported a total net income of -$428 million during 2016. Voya Financial generated a total of $10.8 billion revenues during 2016. Voya Financial net profit margin was -4% during 2016. The net profit and the net profit margin correspond to the fiscal year ending in December.

Voya Financial (VOYA) Net Profit Margin Comparison With Industry From 2012...

This report provides a comparison of Voya Financial, Inc. (VOYA) net profit margin with Life Insurance industry net profit margin during the last five years from 2012 to 2016. Voya Financial reported a net profit margin of -4% during 2016. The Life Insurance industry net profit margin was 4.3% during 2016. Voya Financial was less profitable than the industry during 2016.

Cost & Expenses Analysis

Voya Financial (VOYA) Cost of Sales (COGS) Analysis From 2012 To...

This report provides the last five years cost of sales (COGS) analysis of Voya Financial, Inc. (VOYA) from 2012 to 2016. Voya Financial spent a total of $7.5 billion on COGS during 2016. Voya Financial generated a total of $10.8 billion revenues during 2016. As a percentage of revenues, Voya Financial spent 69.7% of its total revenues on COGS during 2016. The cost of sales (COGS) numbers are for the fiscal year ending in December.

Voya Financial (VOYA) Research & Development (R&D) Spending Analysis 2016

R&D spending analysis for Voya Financial is not available because either the company does not provide the data or we don't have it.

Voya Financial (VOYA) Sales, Marketing, General & Administrative (SG&A) Spending Analysis...

This report provides the last five years sales, marketing, general & administrative (SG&A) expenses of Voya Financial, Inc. (VOYA) from 2012 to 2016. Voya Financial spent a total of $2.9 billion on sales, marketing, general, and administrative (SG&A) activities during 2016. Voya Financial generated a total of $10.8 billion revenues during 2016. As a percentage of revenues, Voya Financial spent 27.2% of its total revenues on SG&A activities during 2016. The SG&A spending numbers are for the fiscal year ending in December.

Working Capital Analysis

Voya Financial (VOYA) Inventory Spending Analysis 2016

Inventory spending analysis for Voya Financial is not available because either the company does not provide the data or we don't have it.

Voya Financial (VOYA) Accounts Receivable (A/R) Analysis From 2012 To 2016

This report provides the last five years Accounts Receivable (A/R) analysis of Voya Financial, Inc. (VOYA) from 2012 to 2016. Voya Financial invested a total of $7.3 billion on accounts receivable during 2016. Voya Financial generated a total of $10.8 billion revenues during 2016. As a percentage of revenues, Voya Financial invested 67.9% of its total revenues on accounts receivable during 2016. The accounts receivable numbers are for the fiscal year ending in December.

Voya Financial (VOYA) Accounts Payable (A/P) Analysis From 2012 To 2016

This report provides the last five years Accounts Payable (A/P) analysis of Voya Financial, Inc. (VOYA) from 2012 to 2016. Voya Financial invested a total of $1.8 billion on accounts payable during 2016. Voya Financial generated a total of $10.8 billion revenues during 2016. As a percentage of revenues, Voya Financial invested 17.1% of its total revenues on accounts payable activities during 2016. The accounts payable numbers are for the fiscal year ending in December.

Asset Management Analysis

Voya Financial (VOYA) Property, Plant & Equipment (PP&E) Investment Analysis 2016

PPE Investment analysis for Voya Financial is not available because either the company does not provide the data or we don't have it.

Voya Financial (VOYA) Intangible Assets Analysis From 2012 To 2016

This report provides the last five years Intangible assets analysis of Voya Financial, Inc. (VOYA) from 2012 to 2016. Voya Financial invested a total of $219.5 million on Intangible assets during 2016. Voya Financial generated a total of $10.8 billion revenues during 2016. As a percentage of revenues, Voya Financial invested 2% of its total revenues on intangible assets during 2016. The Intangible asset numbers are for the fiscal year ending in December.

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