Voya Stop Loss loss ratio worsens to 90-105%; Workplace Solutions CEO Grubka to depart

Voya Financial, Inc.

Stop Loss loss ratio for Jan 2024 policy year now expected 90-105% (up from 86% at Sep 30), driven by higher claim frequency, notably cancer diagnoses in younger ages.
Premium rate increases on Jan 2025 business expected 20-24%; annualized in-force premiums expected down 10-20% from Jan 2024.
4Q'24 Health Solutions net underwriting gain revised to $(85)M-$140M from prior $180M-$220M.
Robert Grubka, CEO of Workplace Solutions, will depart at end of 2024.
On track to return ~$800M capital in 2024; excess capital in 1Q'25 used for OneAmerica acquisition.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.