Voya to acquire OneAmerica's full-service retirement recordkeeping business

Voya Financial, Inc.

Upfront cash consideration of $50M at close; contingent payments up to $160M based on retained revenue and transition services.
Transaction expected to close on January 1, 2025, subject to regulatory approvals and other customary conditions.
Acquisition includes equity of OneAmerica Retirement Services LLC and OneAmerica Investment Advisory Services, plus reinsurance of group annuity contracts.
Deal expands Voya's retirement services footprint and is expected to be immediately accretive to earnings per share.

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