About ING Financial Services
ING U.S. is the American arm of Dutch financial services firm ING Groep. It offers retirement, investment, and insurance (mostly life) services to 13 million individual and corporate customers. Retirement products include IRAs, brokerage accounts, and annuities; it has about $107 billion in assets under management (AUM) for this segment. ING U.S.'s – more... investment management services, with $166 billion AUM, include international and domestic equity, fixed-income, and multi-asset products. Insurance covers individual, term, and universal life, as well as employee benefits (stop loss, group life, disability), which it sells to midsized and large companies. Formed in 1999, the company filed to go public in 2012.
IPO
ING U.S. plans to use its anticipated $100 million in IPO proceeds to pay down debt in conjunction with its recapitalization plan. The public offering is part of parent ING Groep's plan to separate its banking and insurance businesses as it sells and spins off various units from the Netherlands to Macao.
Operations
The company's retirement segment, which includes its retirement and annuities products, contributes the majority of revenue.
Geographic Reach
ING U.S. conducts operations throughout the US for its parent company.
Financial Analysis
While the company's revenue has increased slightly since 2009, it has gone from a net loss of $810 million in 2009 to a net income of $103 million in 2011. Cash flow has shown a similar trajectory.
Strategy (220-word max)
Going forward, the company plans to improve profits in its businesses by re-pricing and closing some lines, focus on capital management, and continue its conservative risk management efforts. ING U.S. also intends to increase its cross-selling within the strong retirement segment and leverage its employee benefits relationships to offer those customers its other investment products.
Ownership (40-word max)
Prior to the IPO, the company is a wholly owned subsidiary of ING Groep. – less
ING Financial Services Employer Reviews
ING Financial Services
Typical corporate financial services firm.
Sr. Financial Analyst (Former Employee), New York, NY – May 17, 2013
ING Financial Services
Typical corporate financial services firm.
Sr. Financial Analyst (Former Employee), New York, NY – May 17, 2013
ING Financial Services
Professionals with excellent reputation in financial services
Multimedia Marketing Manager (Current Employee), New York, NY – May 14, 2013
ING Financial Services
Great workplace, left when Capital One purchased it.
Admin (Former Employee), Seattle, WA – May 8, 2013
ING Financial Services
The best culture a company can have. Great associate moral.
Personal Sales Banker (Former Employee), Saint Cloud, MN – May 2, 2013
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Working at ING Financial Services
Every business has it's own style. What is the office environment and culture like at Ing Financial Services?
Are people dressed in business casual, jeans and t-shirts, o...
ING has adopted the American attitude of work, work, work. The false image that European owned companies are fair to employees has changed. Vacation policies sound great wh...
This was the worst enviroment I have ever worked for, a true boiler room!
What are the average starting salaries, bonuses, benefits and travel requirements like at Ing Financial Services?
What do you like best about working at Ing Financial Serv...
It's always hard to know what to expect when going in for that interview -- and preparation can make all the difference. What is the interview process like at Ing Financia...
