Voya Financial Inc. held sale talks in late 2019 with a number of possible interested companies, including American International Group Inc., Principal Financial Group Inc. and Prudential Financial Inc., the Financial Times reported, citing people briefed on the matter.

A deal did not materialize from the discussions, although Voya's board of directors has not ruled out a sale and could look into it again in 2020, the sources said.

One of the sources said Voya could be valued at $10 billion or greater in the event of a takeover, more than its market capitalization of about $8 billion.

Voya told the news outlet that it does not comment on rumor or speculation, while the reported interested parties declined to comment.