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Voya Financial (FRA:V0Y) Claims Ratio % : 0.00% (As of . 20)


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What is Voya Financial Claims Ratio %?

Claims Ratio % is the percentage of claims costs incurred in relation to the premiums earned.

The historical rank and industry rank for Voya Financial's Claims Ratio % or its related term are showing as below:

FRA:V0Y's Claims Ratio % is not ranked *
in the Diversified Financial Services industry.
Industry Median:
* Ranked among companies with meaningful Claims Ratio % only.

Voya Financial Claims Ratio % Historical Data

The historical data trend for Voya Financial's Claims Ratio % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Voya Financial Claims Ratio % Chart


Voya Financial  (FRA:V0Y) Claims Ratio % Calculation

Claims Ratio % is calculated as

Claims Ratio %=Total Claims / Total Premiums Earned * 100%

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Voya Financial  (FRA:V0Y) Claims Ratio % Explanation

Claims Ratio % the percentage of claims costs incurred in relation to the premiums earned during the period. It is the equivalent of gross profit margin for an insurance company.

It's important to note that insurance is the business of managing risks and, to do that well, the insurer needs a thorough understanding of the incurred claims ratio. If the value is higher than expected or above established norms, then further investigation is required to figure out why that is (eg: fraud). If it is lower than expected, it could indicate irrelevant products or difficulties in claiming, possibly affecting customer satisfaction.

Voya Financial Claims Ratio % Related Terms

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Voya Financial (FRA:V0Y) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Voya Financial Inc (FRA:V0Y) » Definitions » Claims Ratio %
Comparable Companies
RILY TREE FGCO BOM:532978 ELEKTRA SZSE:000617 TPE:2885 TSE:8473 BOM:540691 SZSE:000987 OSL:STB SZSE:002797 SHSE:600390 SZSE:002670 BOM:500302 OHEL:MANTA SHSE:600621 ASX:AMP BKK:TCAP XSGO:BICECORP
Traded in Other Exchanges
VOYApB.PFD:USA VOYA:USA
Address
230 Park Avenue, New York, NY, USA, 10169
Website
https://www.voya.com
Voya Financial Inc is a financial services company, which, through its subsidiaries, provides various investment, insurance, and retirement solutions to individual and institutional clients in the United States. Its products and services include tax savings plans, individual retirement accounts, group life insurance plans, and employee benefits products, among others. The company tailors each of its products to the needs of its customer base. It operates its business through three principal lines: Wealth Solutions, Investment Management, and Health Solutions The Wealth segment generates roughly half of the company's revenue.

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