Accessing Statutory Annual and Quarterly Statements for Voya Insurance Companies

Voya STATUTORY STATEMENTS

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In the ever-evolving landscape of regulatory requirements, staying informed about the latest updates is crucial for CFOs and financial professionals. This article delves into the realm of statutory reporting, shedding light on its significance and the essential knowledge every financial expert should possess.

Understanding Statutory Reporting

So, what exactly is statutory reporting, and why should you care?

Statutory reporting involves the submission of financial data to government agencies. For instance, when a company submits its financial reports to the Securities and Exchange Commission (SEC), it is engaging in statutory reporting.

The Importance of Statutory Reporting

Statutory reporting serves multiple vital purposes for businesses. Here’s why it matters:

  1. Performance Assessment: It enables companies to assess their financial performance comprehensively. By comparing their financial data to industry peers, organizations gain valuable insights into their standing within the market.

  2. Goal Tracking: Through statutory reporting, companies can track their progress toward short-term and long-term financial objectives. This feature empowers them to make data-driven decisions.

  3. Enhancing Governance: Statutory reporting fosters improved corporate governance. It ensures transparency and accountability, helping companies maintain ethical and responsible financial practices.

Internally, statutory reporting supports companies in various ways:

  1. Product and Service Evaluation: It aids in evaluating the profitability of new products or services, assisting in strategic decision-making.

  2. Expense Understanding: Companies can gain a clear understanding of their expenses, allowing them to identify areas for optimization, cost-cutting, or scaling as needed.

In summary, statutory reporting is more than just a regulatory obligation—it’s a valuable tool for assessing, improving, and optimizing financial performance. Staying informed about the latest statutory reporting requirements is essential for financial professionals navigating the dynamic world of finance and regulation.

Here are the links to the Statutory Annual and Quarterly Statements filed by Voya insurance companies with the insurance regulators of US states since 2008. Each link will open a PDF document for the respective insurance company. You will need Adobe Acrobat Reader to view these financial reports. If you don’t have it yet, click here to download a free copy of Acrobat Reader.

Voya Retirement Insurance and Annuity Company.

MIDWESTERN UNITED LIFE INSURANCE COMPANY

RELIASTAR LIFE INSURANCE COMPANY

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK

SECURITY LIFE OF DENVER INSURANCE COMPANY

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