Condensed Consolidating Financial Information (Tables) | 9 Months Ended |
Sep. 30, 2013 |
Condensed Financial Information of Parent Company Only Disclosure [Abstract] | ' |
Schedule of Condensed Consolidating Balance Sheets | ' |
|
Condensed Consolidating Balance Sheet |
September 30, 2013 |
|
| | | | | | | | | | | | | | | | | | | |
| Parent Issuer | | Subsidiary Guarantor | | Non-Guarantor Subsidiaries | | Consolidating Adjustments | | Consolidated |
Assets: | | | | | | | | | |
Investments: | | | | | | | | | |
Fixed maturities, available-for-sale, at fair value | $ | — | | | $ | — | | | $ | 69,186.80 | | | $ | (15.4 | ) | | $ | 69,171.40 | |
|
Fixed maturities, at fair value using the fair value option | — | | | — | | | 2,910.20 | | | — | | | 2,910.20 | |
|
Equity securities, available-for-sale, at fair value | 71.2 | | | 7 | | | 201.4 | | | — | | | 279.6 | |
|
Short-term investments | — | | | — | | | 2,547.30 | | | — | | | 2,547.30 | |
|
Mortgage loans on real estate, net of valuation allowance | — | | | — | | | 9,015.60 | | | — | | | 9,015.60 | |
|
Policy loans | — | | | — | | | 2,147.50 | | | — | | | 2,147.50 | |
|
Limited partnerships/corporations | — | | | — | | | 390 | | | — | | | 390 | |
|
Derivatives | 112.3 | | | — | | | 1,142.00 | | | (166.9 | ) | | 1,087.40 | |
|
Investments in subsidiaries | 14,646.80 | | | 12,615.90 | | | — | | | (27,262.7 | ) | | — | |
|
Other investments | — | | | 0.4 | | | 145.3 | | | — | | | 145.7 | |
|
Securities pledged | — | | | — | | | 1,312.60 | | | — | | | 1,312.60 | |
|
Total investments | 14,830.30 | | | 12,623.30 | | | 88,998.70 | | | (27,445.0 | ) | | 89,007.30 | |
|
Cash and cash equivalents | 464.3 | | | 0.6 | | | 1,251.70 | | | — | | | 1,716.60 | |
|
Short-term investments under securities loan agreements, including collateral delivered | — | | | — | | | 482.4 | | | — | | | 482.4 | |
|
Accrued investment income | — | | | — | | | 913.2 | | | — | | | 913.2 | |
|
Reinsurance recoverable | — | | | — | | | 6,755.60 | | | — | | | 6,755.60 | |
|
Deferred policy acquisition costs and Value of business acquired | — | | | — | | | 5,265.00 | | | — | | | 5,265.00 | |
|
Sales inducements to contract holders | — | | | — | | | 278.9 | | | — | | | 278.9 | |
|
Goodwill and other intangible assets | — | | | — | | | 323.4 | | | — | | | 323.4 | |
|
Loans to subsidiaries and affiliates | 349.2 | | | 0.1 | | | 0.6 | | | (349.9 | ) | | — | |
|
Due from subsidiaries and affiliates | 13.4 | | | 0.3 | | | 3.2 | | | (16.9 | ) | | — | |
|
Other assets | 52.7 | | | — | | | 1,086.90 | | | (1.9 | ) | | 1,137.70 | |
|
Assets related to consolidated investment entities: | | | | | | | | | |
Limited partnerships/corporations, at fair value | — | | | — | | | 2,912.30 | | | — | | | 2,912.30 | |
|
Cash and cash equivalents | — | | | — | | | 313.4 | | | — | | | 313.4 | |
|
Corporate loans, at fair value using the fair value option | — | | | — | | | 4,670.90 | | | — | | | 4,670.90 | |
|
Other assets | — | | | — | | | 27.9 | | | — | | | 27.9 | |
|
Assets held in separate accounts | — | | | — | | | 103,853.60 | | | — | | | 103,853.60 | |
|
Total assets | $ | 15,709.90 | | | $ | 12,624.30 | | | $ | 217,137.70 | | | $ | (27,813.7 | ) | | $ | 217,658.20 | |
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|
|
Condensed Consolidating Balance Sheet |
September 30, 2013 |
|
|
| | | | | | | | | | | | | | | | | | | |
| Parent Issuer | | Subsidiary Guarantor | | Non-Guarantor Subsidiaries | | Consolidating Adjustments | | Consolidated |
Liabilities and Shareholders' Equity: | | | | | | | | | |
Future policy benefits | $ | — | | | $ | — | | | $ | 14,477.50 | | | $ | — | | | $ | 14,477.50 | |
|
Contract owner account balances | — | | | — | | | 70,410.40 | | | — | | | 70,410.40 | |
|
Payables under securities loan agreement, including collateral held | — | | | — | | | 576.7 | | | — | | | 576.7 | |
|
Short-term debt | — | | | 253.3 | | | 95.9 | | | (349.2 | ) | | — | |
|
Long-term debt | 2,996.60 | | | 514.5 | | | 18.8 | | | (15.4 | ) | | 3,514.50 | |
|
Funds held under reinsurance agreements | — | | | — | | | 1,212.10 | | | — | | | 1,212.10 | |
|
Derivatives | 66.6 | | | — | | | 1,322.60 | | | (166.9 | ) | | 1,222.30 | |
|
Pension and other post-employment provisions | — | | | — | | | 876.1 | | | — | | | 876.1 | |
|
Current income taxes | (10.7 | ) | | 14.8 | | | 48.8 | | | — | | | 52.9 | |
|
Deferred income taxes | (176.8 | ) | | — | | | 236.5 | | | — | | | 59.7 | |
|
Due to subsidiaries and affiliates | 2 | | | 1.2 | | | 13.7 | | | (16.9 | ) | | — | |
|
Other liabilities | 62.2 | | | 5.5 | | | 1,322.80 | | | (2.6 | ) | | 1,387.90 | |
|
Liabilities related to consolidated investment entities: | | | | | | | | | |
Collateralized loan obligations notes, at fair value using the fair value option | — | | | — | | | 4,627.10 | | | — | | | 4,627.10 | |
|
Other liabilities | — | | | — | | | 522.9 | | | — | | | 522.9 | |
|
Liabilities related to separate accounts | — | | | — | | | 103,853.60 | | | — | | | 103,853.60 | |
|
Total liabilities | 2,939.90 | | | 789.3 | | | 199,615.50 | | | (551.0 | ) | | 202,793.70 | |
|
Shareholders' equity: | | | | | | | | | |
Total ING U.S., Inc. shareholders' equity | 12,770.00 | | | 11,835.00 | | | 15,427.70 | | | (27,262.7 | ) | | 12,770.00 | |
|
Noncontrolling interest | — | | | — | | | 2,094.50 | | | — | | | 2,094.50 | |
|
Total shareholders' equity | 12,770.00 | | | 11,835.00 | | | 17,522.20 | | | (27,262.7 | ) | | 14,864.50 | |
|
Total liabilities and shareholders' equity | $ | 15,709.90 | | | $ | 12,624.30 | | | $ | 217,137.70 | | | $ | (27,813.7 | ) | | $ | 217,658.20 | |
|
|
Condensed Consolidating Balance Sheet |
December 31, 2012 |
|
|
| | | | | | | | | | | | | | | | | | | |
| Parent Issuer | | Subsidiary Guarantor | | Non-Guarantor Subsidiaries | | Consolidating Adjustments | | Consolidated |
Assets: | | | | | | | | | |
Investments: | | | | | | | | | |
Fixed maturities, available-for-sale, at fair value | $ | — | | | $ | — | | | $ | 70,925.70 | | | $ | (15.4 | ) | | $ | 70,910.30 | |
|
Fixed maturities, at fair value using the fair value option | — | | | — | | | 2,771.30 | | | — | | | 2,771.30 | |
|
Equity securities, available-for-sale, at fair value | 63.9 | | | 20.1 | | | 256.1 | | | — | | | 340.1 | |
|
Short-term investments | — | | | — | | | 5,991.20 | | | — | | | 5,991.20 | |
|
Mortgage loans on real estate, net of valuation allowance | — | | | — | | | 8,662.30 | | | — | | | 8,662.30 | |
|
Policy loans | — | | | — | | | 2,200.30 | | | — | | | 2,200.30 | |
|
Limited partnerships/corporations | — | | | — | | | 465.1 | | | — | | | 465.1 | |
|
Derivatives | 117.7 | | | — | | | 2,410.50 | | | (153.7 | ) | | 2,374.50 | |
|
Investments in subsidiaries | 15,715.10 | | | 14,044.30 | | | — | | | (29,759.4 | ) | | — | |
|
Other investments | — | | | 0.4 | | | 166.6 | | | — | | | 167 | |
|
Securities pledged | — | | | — | | | 1,605.50 | | | — | | | 1,605.50 | |
|
Total investments | 15,896.70 | | | 14,064.80 | | | 95,454.60 | | | (29,928.5 | ) | | 95,487.60 | |
|
Cash and cash equivalents | 357.5 | | | 0.4 | | | 1,428.90 | | | — | | | 1,786.80 | |
|
Short-term investments under securities loan agreements, including collateral delivered | — | | | — | | | 664 | | | — | | | 664 | |
|
Accrued investment income | — | | | — | | | 863.5 | | | — | | | 863.5 | |
|
Reinsurance recoverable | — | | | — | | | 7,379.30 | | | — | | | 7,379.30 | |
|
Deferred policy acquisition costs and Value of business acquired | — | | | — | | | 3,656.30 | | | — | | | 3,656.30 | |
|
Sales inducements to contract holders | — | | | — | | | 212.7 | | | — | | | 212.7 | |
|
Goodwill and other intangible assets | — | | | — | | | 348.5 | | | — | | | 348.5 | |
|
Loans to subsidiaries and affiliates | 77 | | | 58 | | | 261.4 | | | (396.4 | ) | | — | |
|
Due from subsidiaries and affiliates | 16.5 | | | 1.5 | | | 24.6 | | | (42.6 | ) | | — | |
|
Other assets | 35.8 | | | — | | | 1,326.70 | | | — | | | 1,362.50 | |
|
Assets related to consolidated investment entities: | | | | | | | | | |
Limited partnerships/corporations, at fair value | — | | | — | | | 2,931.20 | | | — | | | 2,931.20 | |
|
Cash and cash equivalents | — | | | — | | | 440.8 | | | — | | | 440.8 | |
|
Corporate loans, at fair value using the fair value option | — | | | — | | | 3,559.30 | | | — | | | 3,559.30 | |
|
Other assets | — | | | — | | | 34.3 | | | — | | | 34.3 | |
|
Assets held in separate accounts | — | | | — | | | 97,667.40 | | | — | | | 97,667.40 | |
|
Total assets | $ | 16,383.50 | | | $ | 14,124.70 | | | $ | 216,253.50 | | | $ | (30,367.5 | ) | | $ | 216,394.20 | |
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|
|
Condensed Consolidating Balance Sheet |
December 31, 2012 |
|
|
| | | | | | | | | | | | | | | | | | | |
| Parent Issuer | | Subsidiary Guarantor | | Non-Guarantor Subsidiaries | | Consolidating Adjustments | | Consolidated |
Liabilities and Shareholder's Equity: | | | | | | | | | |
Future policy benefits | $ | — | | | $ | — | | | $ | 15,493.60 | | | $ | — | | | $ | 15,493.60 | |
|
Contract owner account balances | — | | | — | | | 70,562.10 | | | — | | | 70,562.10 | |
|
Payables under securities loan agreement, including collateral held | — | | | — | | | 1,509.80 | | | — | | | 1,509.80 | |
|
Short-term debt | 886.1 | | | 138.3 | | | 436.3 | | | (396.1 | ) | | 1,064.60 | |
|
Long-term debt | 1,824.60 | | | 1,014.10 | | | 347.8 | | | (15.4 | ) | | 3,171.10 | |
|
Funds held under reinsurance agreements | — | | | — | | | 1,236.60 | | | — | | | 1,236.60 | |
|
Derivatives | 59.3 | | | — | | | 2,038.60 | | | (153.7 | ) | | 1,944.20 | |
|
Pension and other post-employment provisions | — | | | — | | | 903.2 | | | — | | | 903.2 | |
|
Current income taxes | (221.1 | ) | | 7.2 | | | 225.6 | | | — | | | 11.7 | |
|
Deferred income taxes | (127.4 | ) | | 0.2 | | | 1,169.90 | | | — | | | 1,042.70 | |
|
Due to subsidiaries and affiliates | 23.1 | | | 1.5 | | | 18 | | | (42.6 | ) | | — | |
|
Other liabilities | 64 | | | 19 | | | 1,521.50 | | | (0.3 | ) | | 1,604.20 | |
|
Liabilities related to consolidated investment entities: | | | | | | | | | |
Collateralized loan obligations notes, at fair value using the fair value option | — | | | — | | | 3,829.40 | | | — | | | 3,829.40 | |
|
Other liabilities | — | | | — | | | 292.4 | | | — | | | 292.4 | |
|
Liabilities related to separate accounts | — | | | — | | | 97,667.40 | | | — | | | 97,667.40 | |
|
Total liabilities | 2,508.60 | | | 1,180.30 | | | 197,252.20 | | | (608.1 | ) | | 200,333.00 | |
|
Shareholders' equity: | | | | | | | | | |
Total ING U.S., Inc. shareholder's equity | 13,874.90 | | | 12,944.40 | | | 16,815.00 | | | (29,759.4 | ) | | 13,874.90 | |
|
Noncontrolling interest | — | | | — | | | 2,186.30 | | | — | | | 2,186.30 | |
|
Total shareholder's equity | 13,874.90 | | | 12,944.40 | | | 19,001.30 | | | (29,759.4 | ) | | 16,061.20 | |
|
Total liabilities and shareholder's equity | $ | 16,383.50 | | | $ | 14,124.70 | | | $ | 216,253.50 | | | $ | (30,367.5 | ) | | $ | 216,394.20 | |
|
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Co |
Schedule of Condensed Consolidating Statement of Operations | ' |
|
Condensed Consolidating Statement of Operations |
For the Three Months Ended September 30, 2013 |
|
|
| | | | | | | | | | | | | | | | | | | |
| Parent Issuer | | Subsidiary Guarantor | | Non-Guarantor Subsidiaries | | Consolidating Adjustments | | Consolidated |
Revenues: | | | | | | | | | |
Net investment income | $ | 5.7 | | | $ | — | | | $ | 1,217.10 | | | $ | (1.2 | ) | | $ | 1,221.60 | |
|
Fee income | — | | | — | | | 920.8 | | | — | | | 920.8 | |
|
Premiums | — | | | — | | | 494.2 | | | — | | | 494.2 | |
|
Net realized gains (losses): | | | | | | | | | |
Total other-than-temporary impairments | — | | | — | | | (5.6 | ) | | — | | | (5.6 | ) |
|
Less: Portion of other-than-temporary impairments recognized in Other comprehensive income (loss) | — | | | — | | | (1.2 | ) | | — | | | (1.2 | ) |
|
Net other-than-temporary impairments recognized in earnings | — | | | — | | | (4.4 | ) | | — | | | (4.4 | ) |
|
Other net realized capital gains (losses) | — | | | — | | | (512.7 | ) | | — | | | (512.7 | ) |
|
Total net realized capital gains (losses) | — | | | — | | | (517.1 | ) | | — | | | (517.1 | ) |
|
Other revenue | 0.6 | | | 1.4 | | | 120.1 | | | (2.5 | ) | | 119.6 | |
|
Income (loss) related to consolidated investment entities: | | | | | | | | | |
Net investment income (loss) | — | | | — | | | 135.3 | | | — | | | 135.3 | |
|
Changes in fair value related to collateralized loan obligations | — | | | — | | | 60.9 | | | — | | | 60.9 | |
|
Total revenues | 6.3 | | | 1.4 | | | 2,431.30 | | | (3.7 | ) | | 2,435.30 | |
|
Benefits and expenses: | | | | | | | | | |
Policyholder benefits | — | | | — | | | 570.7 | | | — | | | 570.7 | |
|
Interest credited to contract owner account balance | — | | | — | | | 517 | | | — | | | 517 | |
|
Operating expenses | 4.9 | | | — | | | 760.4 | | | (2.5 | ) | | 762.8 | |
|
Net amortization of deferred policy acquisition costs and value of business acquired | — | | | — | | | 64.6 | | | — | | | 64.6 | |
|
Interest expense | 35.7 | | | 12.5 | | | 1.4 | | | (1.2 | ) | | 48.4 | |
|
Operating expenses related to consolidated investment entities: | | | | | | | | | |
Interest expense | — | | | — | | | 50.4 | | | — | | | 50.4 | |
|
Other expense | — | | | — | | | 1.4 | | | — | | | 1.4 | |
|
Total benefits and expenses | 40.6 | | | 12.5 | | | 1,965.90 | | | (3.7 | ) | | 2,015.30 | |
|
Income (loss) before income taxes | (34.3 | ) | | (11.1 | ) | | 465.4 | | | — | | | 420 | |
|
Income tax expense (benefit) | (89.6 | ) | | (12.0 | ) | | 73.9 | | | — | | | (27.7 | ) |
|
Net income (loss) before equity in earnings (losses) of unconsolidated affiliates | 55.3 | | | 0.9 | | | 391.5 | | | — | | | 447.7 | |
|
Equity in earnings (losses) of subsidiaries, net of tax | 291.3 | | | 292.7 | | | — | | | (584.0 | ) | | — | |
|
Net income (loss) including noncontrolling interest | 346.6 | | | 293.6 | | | 391.5 | | | (584.0 | ) | | 447.7 | |
|
Less: Net income (loss) attributable to noncontrolling interest | — | | | — | | | 101.1 | | | — | | | 101.1 | |
|
Net income (loss) available to ING U.S., Inc.'s common shareholders | $ | 346.6 | | | $ | 293.6 | | | $ | 290.4 | | | $ | (584.0 | ) | | $ | 346.6 | |
|
|
Condensed Consolidating Statement of Operations |
For the Nine Months Ended September 30, 2013 |
|
|
| | | | | | | | | | | | | | | | | | | |
| Parent Issuer | | Subsidiary Guarantor | | Non-Guarantor Subsidiaries | | Consolidating Adjustments | | Consolidated |
Revenues: | | | | | | | | | |
Net investment income | $ | 30.9 | | | $ | 0.1 | | | $ | 3,504.00 | | | $ | (2.5 | ) | | $ | 3,532.50 | |
|
Fee income | — | | | — | | | 2,722.40 | | | — | | | 2,722.40 | |
|
Premiums | — | | | — | | | 1,440.90 | | | — | | | 1,440.90 | |
|
Net realized gains (losses): | | | | | | | | | |
Total other-than-temporary impairments | — | | | — | | | (26.9 | ) | | — | | | (26.9 | ) |
|
Less: Portion of other-than-temporary impairments recognized in Other comprehensive income (loss) | — | | | — | | | (4.3 | ) | | — | | | (4.3 | ) |
|
Net other-than-temporary impairments recognized in earnings | — | | | — | | | (22.6 | ) | | — | | | (22.6 | ) |
|
Other net realized capital gains (losses) | — | | | — | | | (1,935.2 | ) | | — | | | (1,935.2 | ) |
|
Total net realized capital gains (losses) | — | | | — | | | (1,957.8 | ) | | — | | | (1,957.8 | ) |
|
Other revenue | 3.4 | | | 1.7 | | | 323.9 | | | (7.7 | ) | | 321.3 | |
|
Income (loss) related to consolidated investment entities: | | | | | | | | | |
Net investment income (loss) | — | | | — | | | 346.3 | | | — | | | 346.3 | |
|
Changes in fair value related to collateralized loan obligations | — | | | — | | | (11.1 | ) | | — | | | (11.1 | ) |
|
Total revenues | 34.3 | | | 1.8 | | | 6,368.60 | | | (10.2 | ) | | 6,394.50 | |
|
Benefits and expenses: | | | | | | | | | |
Policyholder benefits | — | | | — | | | 1,822.20 | | | — | | | 1,822.20 | |
|
Interest credited to contract owner account balance | — | | | — | | | 1,556.80 | | | — | | | 1,556.80 | |
|
Operating expenses | 11.8 | | | — | | | 2,288.00 | | | (7.7 | ) | | 2,292.10 | |
|
Net amortization of deferred policy acquisition costs and value of business acquired | — | | | — | | | 319.6 | | | — | | | 319.6 | |
|
Interest expense | 92 | | | 42.3 | | | 4.8 | | | (2.5 | ) | | 136.6 | |
|
Operating expenses related to consolidated investment entities: | | | | | | | | | |
Interest expense | — | | | — | | | 130.6 | | | — | | | 130.6 | |
|
Other expense | — | | | — | | | 6.1 | | | — | | | 6.1 | |
|
Total benefits and expenses | 103.8 | | | 42.3 | | | 6,128.10 | | | (10.2 | ) | | 6,264.00 | |
|
Income (loss) before income taxes | (69.5 | ) | | (40.5 | ) | | 240.5 | | | — | | | 130.5 | |
|
Income tax expense (benefit) | (93.1 | ) | | (14.9 | ) | | 101.6 | | | — | | | (6.4 | ) |
|
Net income (loss) before equity in earnings (losses) of unconsolidated affiliates | 23.6 | | | (25.6 | ) | | 138.9 | | | — | | | 136.9 | |
|
Equity in earnings (losses) of subsidiaries, net of tax | 28.8 | | | 648.7 | | | — | | | (677.5 | ) | | — | |
|
Net income (loss) including noncontrolling interest | 52.4 | | | 623.1 | | | 138.9 | | | (677.5 | ) | | 136.9 | |
|
Less: Net income (loss) attributable to noncontrolling interest | — | | | — | | | 84.5 | | | — | | | 84.5 | |
|
Net income (loss) available to ING U.S., Inc.'s common shareholders | $ | 52.4 | | | $ | 623.1 | | | $ | 54.4 | | | $ | (677.5 | ) | | $ | 52.4 | |
|
|
Condensed Consolidating Statement of Operations |
For the Three Months Ended September 30, 2012 |
|
|
| | | | | | | | | | | | | | | | | | | |
| Parent Issuer | | Subsidiary Guarantor | | Non-Guarantor Subsidiaries | | Consolidating Adjustments | | Consolidated |
Revenues: | | | | | | | | | |
Net investment income | $ | 0.4 | | | $ | 0.1 | | | $ | 1,226.60 | | | $ | (0.9 | ) | | $ | 1,226.20 | |
|
Fee income | — | | | — | | | 872.9 | | | — | | | 872.9 | |
|
Premiums | — | | | — | | | 453.5 | | | — | | | 453.5 | |
|
Net realized gains (losses): | | | | | | | | | |
Total other-than-temporary impairments | — | | | — | | | (13.3 | ) | | — | | | (13.3 | ) |
|
Less: Portion of other-than-temporary impairments recognized in Other comprehensive income (loss) | — | | | — | | | (0.5 | ) | | — | | | (0.5 | ) |
|
Net other-than-temporary impairments recognized in earnings | — | | | — | | | (12.8 | ) | | — | | | (12.8 | ) |
|
Other net realized capital gains (losses) | — | | | — | | | (119.6 | ) | | — | | | (119.6 | ) |
|
Total net realized capital gains (losses) | — | | | — | | | (132.4 | ) | | — | | | (132.4 | ) |
|
Other revenue | (2.5 | ) | | — | | | 100.8 | | | (1.1 | ) | | 97.2 | |
|
Income (loss) related to consolidated investment entities: | | | | | | | | | |
Net investment income (loss) | — | | | — | | | 32.5 | | | — | | | 32.5 | |
|
Changes in fair value related to collateralized loan obligations | — | | | — | | | 14.4 | | | — | | | 14.4 | |
|
Total revenues | (2.1 | ) | | 0.1 | | | 2,568.30 | | | (2.0 | ) | | 2,564.30 | |
|
Benefits and expenses: | | | | | | | | | |
Policyholder benefits | — | | | — | | | 573.4 | | | — | | | 573.4 | |
|
Interest credited to contract owner account balance | — | | | — | | | 533.1 | | | — | | | 533.1 | |
|
Operating expenses | 6.4 | | | 1.2 | | | 852.4 | | | (1.1 | ) | | 858.9 | |
|
Net amortization of deferred policy acquisition costs and value of business acquired | — | | | — | | | 150 | | | — | | | 150 | |
|
Interest expense | 26.1 | | | 15.7 | | | 5.7 | | | (0.9 | ) | | 46.6 | |
|
Operating expenses related to consolidated investment entities: | | | | | | | | | |
Interest expense | — | | | — | | | 26.2 | | | — | | | 26.2 | |
|
Other expense | — | | | — | | | 2.2 | | | — | | | 2.2 | |
|
Total benefits and expenses | 32.5 | | | 16.9 | | | 2,143.00 | | | (2.0 | ) | | 2,190.40 | |
|
Income (loss) before income taxes | (34.6 | ) | | (16.8 | ) | | 425.3 | | | — | | | 373.9 | |
|
Income tax expense (benefit) | 10.9 | | | (0.2 | ) | | 14.8 | | | (38.4 | ) | | (12.9 | ) |
|
Net income (loss) before equity in earnings (losses) of unconsolidated affiliates | (45.5 | ) | | (16.6 | ) | | 410.5 | | | 38.4 | | | 386.8 | |
|
Equity in earnings (losses) of subsidiaries, net of tax | 412 | | | 547.9 | | | — | | | (959.9 | ) | | — | |
|
Net income (loss) including noncontrolling interest | 366.5 | | | 531.3 | | | 410.5 | | | (921.5 | ) | | 386.8 | |
|
Less: Net income (loss) attributable to noncontrolling interest | — | | | — | | | 20.3 | | | — | | | 20.3 | |
|
Net income (loss) available to ING U.S., Inc.'s common shareholder | $ | 366.5 | | | $ | 531.3 | | | $ | 390.2 | | | $ | (921.5 | ) | | $ | 366.5 | |
|
|
Condensed Consolidating Statement of Operations |
For the Nine Months Ended September 30, 2012 |
|
|
| | | | | | | | | | | | | | | | | | | |
| Parent Issuer | | Subsidiary Guarantor | | Non-Guarantor Subsidiaries | | Consolidating Adjustments | | Consolidated |
Revenues: | | | | | | | | | |
Net investment income | $ | 2.1 | | | $ | 0.3 | | | $ | 3,644.00 | | | $ | (3.9 | ) | | $ | 3,642.50 | |
|
Fee income | — | | | — | | | 2,624.80 | | | — | | | 2,624.80 | |
|
Premiums | — | | | — | | | 1,389.90 | | | — | | | 1,389.90 | |
|
Net realized gains (losses): | | | | | | | | | |
Total other-than-temporary impairments | — | | | — | | | (30.7 | ) | | — | | | (30.7 | ) |
|
Less: Portion of other-than-temporary impairments recognized in Other comprehensive income (loss) | — | | | — | | | (4.9 | ) | | — | | | (4.9 | ) |
|
Net other-than-temporary impairments recognized in earnings | — | | | — | | | (25.8 | ) | | — | | | (25.8 | ) |
|
Other net realized capital gains (losses) | — | | | — | | | (870.8 | ) | | — | | | (870.8 | ) |
|
Total net realized capital gains (losses) | — | | | — | | | (896.6 | ) | | — | | | (896.6 | ) |
|
Other revenue | 9.8 | | | 0.7 | | | 282.5 | | | (6.3 | ) | | 286.7 | |
|
Income (loss) related to consolidated investment entities: | | | | | | | | | |
Net investment income (loss) | — | | | — | | | 435.5 | | | — | | | 435.5 | |
|
Changes in fair value related to collateralized loan obligations | — | | | — | | | (71.3 | ) | | — | | | (71.3 | ) |
|
Total revenues | 11.9 | | | 1 | | | 7,408.80 | | | (10.2 | ) | | 7,411.50 | |
|
Benefits and expenses: | | | | | | | | | |
Policyholder benefits | — | | | — | | | 1,946.30 | | | — | | | 1,946.30 | |
|
Interest credited to contract owner account balance | — | | | — | | | 1,690.00 | | | — | | | 1,690.00 | |
|
Operating expenses | 11 | | | 1.2 | | | 2,325.00 | | | (6.3 | ) | | 2,330.90 | |
|
Net amortization of deferred policy acquisition costs and value of business acquired | — | | | — | | | 539.9 | | | — | | | 539.9 | |
|
Interest expense | 48.6 | | | 45.9 | | | 18.4 | | | (3.9 | ) | | 109 | |
|
Operating expenses related to consolidated investment entities: | | | | | | | | | |
Interest expense | — | | | — | | | 74 | | | — | | | 74 | |
|
Other expense | — | | | — | | | 7.3 | | | — | | | 7.3 | |
|
Total benefits and expenses | 59.6 | | | 47.1 | | | 6,600.90 | | | (10.2 | ) | | 6,697.40 | |
|
Income (loss) before income taxes | (47.7 | ) | | (46.1 | ) | | 807.9 | | | — | | | 714.1 | |
|
Income tax expense (benefit) | 24 | | | (0.8 | ) | | 67.1 | | | (94.3 | ) | | (4.0 | ) |
|
Net income (loss) before equity in earnings (losses) of unconsolidated affiliates | (71.7 | ) | | (45.3 | ) | | 740.8 | | | 94.3 | | | 718.1 | |
|
Equity in earnings (losses) of subsidiaries, net of tax | 567.4 | | | 559 | | | — | | | (1,126.4 | ) | | — | |
|
Net income (loss) including noncontrolling interest | 495.7 | | | 513.7 | | | 740.8 | | | (1,032.1 | ) | | 718.1 | |
|
Less: Net income (loss) attributable to noncontrolling interest | — | | | — | | | 222.4 | | | — | | | 222.4 | |
|
Net income (loss) available to ING U.S., Inc.'s common shareholder | $ | 495.7 | | | $ | 513.7 | | | $ | 518.4 | | | $ | (1,032.1 | ) | | $ | 495.7 | |
|
|
Co |
Schedule of Condensed Consolidating Statement of Comprehensive Income | ' |
|
Condensed Consolidating Statement of Comprehensive Income |
For the Three Months Ended September 30, 2013 |
|
|
| | | | | | | | | | | | | | | | | | | |
| Parent Issuer | | Subsidiary Guarantor | | Non-Guarantor Subsidiaries | | Consolidating Adjustments | | Consolidated |
Net income (loss) including noncontrolling interest | $ | 346.6 | | | $ | 293.6 | | | $ | 391.5 | | | $ | (584.0 | ) | | $ | 447.7 | |
|
Other comprehensive income (loss), before tax: | | | | | | | | | |
Unrealized gains/losses on securities | (223.2 | ) | | (92.4 | ) | | (224.6 | ) | | 317 | | | (223.2 | ) |
|
Other-than-temporary impairments | 13.5 | | | 8.8 | | | 13.5 | | | (22.3 | ) | | 13.5 | |
|
Pension and other post-employment benefit liability | (3.4 | ) | | (0.8 | ) | | (3.4 | ) | | 4.2 | | | (3.4 | ) |
|
Other comprehensive income (loss), before tax | (213.1 | ) | | (84.4 | ) | | (214.5 | ) | | 298.9 | | | (213.1 | ) |
|
Income tax expense (benefit) related to items of other comprehensive income (loss) | (75.3 | ) | | (141.8 | ) | | (75.4 | ) | | 217.2 | | | (75.3 | ) |
|
Other comprehensive income (loss), after tax | (137.8 | ) | | 57.4 | | | (139.1 | ) | | 81.7 | | | (137.8 | ) |
|
Comprehensive income (loss) | 208.8 | | | 351 | | | 252.4 | | | (502.3 | ) | | 309.9 | |
|
Less: Comprehensive income (loss) attributable to the noncontrolling interest | — | | | — | | | 101.1 | | | — | | | 101.1 | |
|
Comprehensive income (loss) attributable to ING U.S., Inc.'s common shareholders | $ | 208.8 | | | $ | 351 | | | $ | 151.3 | | | $ | (502.3 | ) | | $ | 208.8 | |
|
|
Condensed Consolidating Statement of Comprehensive Income |
For the Nine Months Ended September 30, 2013 |
|
|
| | | | | | | | | | | | | | | | | | | |
| Parent Issuer | | Subsidiary Guarantor | | Non-Guarantor Subsidiaries | | Consolidating Adjustments | | Consolidated |
Net income (loss) including noncontrolling interest | $ | 52.4 | | | $ | 623.1 | | | $ | 138.9 | | | $ | (677.5 | ) | | $ | 136.9 | |
|
Other comprehensive income (loss), before tax: | | | | | | | | | |
Unrealized gains/losses on securities | (2,733.4 | ) | | (1,750.6 | ) | | (2,734.1 | ) | | 4,484.70 | | | (2,733.4 | ) |
|
Other-than-temporary impairments | 44.8 | | | 25.2 | | | 44.8 | | | (70.0 | ) | | 44.8 | |
|
Pension and other post-employment benefit liability | (10.3 | ) | | (2.4 | ) | | (10.3 | ) | | 12.7 | | | (10.3 | ) |
|
Other comprehensive income (loss), before tax | (2,698.9 | ) | | (1,727.8 | ) | | (2,699.6 | ) | | 4,427.40 | | | (2,698.9 | ) |
|
Income tax expense (benefit) related to items of other comprehensive income (loss) | (938.2 | ) | | (711.7 | ) | | (938.0 | ) | | 1,649.70 | | | (938.2 | ) |
|
Other comprehensive income (loss), after tax | (1,760.7 | ) | | (1,016.1 | ) | | (1,761.6 | ) | | 2,777.70 | | | (1,760.7 | ) |
|
Comprehensive income (loss) | (1,708.3 | ) | | (393.0 | ) | | (1,622.7 | ) | | 2,100.20 | | | (1,623.8 | ) |
|
Less: Comprehensive income (loss) attributable to the noncontrolling interest | — | | | — | | | 84.5 | | | — | | | 84.5 | |
|
Comprehensive income (loss) attributable to ING U.S., Inc.'s common shareholders | $ | (1,708.3 | ) | | $ | (393.0 | ) | | $ | (1,707.2 | ) | | $ | 2,100.20 | | | $ | (1,708.3 | ) |
|
|
Condensed Consolidating Statement of Comprehensive Income |
For the Three Months Ended September 30, 2012 |
|
|
| | | | | | | | | | | | | | | | | | | |
| Parent Issuer | | Subsidiary Guarantor | | Non-Guarantor Subsidiaries | | Consolidating Adjustments | | Consolidated |
Net income (loss) including noncontrolling interest | $ | 366.5 | | | $ | 531.3 | | | $ | 410.5 | | | $ | (921.5 | ) | | $ | 386.8 | |
|
Other comprehensive income (loss), before tax: | | | | | | | | | |
Unrealized gains/losses on securities | 1,069.30 | | | 645.2 | | | 1,068.70 | | | (1,713.9 | ) | | 1,069.30 | |
|
Other-than-temporary impairments | 26.3 | | | 17.1 | | | 26.3 | | | (43.4 | ) | | 26.3 | |
|
Pension and other post-employment benefit liability | (3.5 | ) | | (0.8 | ) | | (3.6 | ) | | 4.4 | | | (3.5 | ) |
|
Other comprehensive income (loss), before tax | 1,092.10 | | | 661.5 | | | 1,091.40 | | | (1,752.9 | ) | | 1,092.10 | |
|
Income tax expense (benefit) related to items of other comprehensive income (loss) | 412.1 | | | 287.2 | | | 355.9 | | | (643.1 | ) | | 412.1 | |
|
Other comprehensive income (loss), after tax | 680 | | | 374.3 | | | 735.5 | | | (1,109.8 | ) | | 680 | |
|
Comprehensive income (loss) | 1,046.50 | | | 905.6 | | | 1,146.00 | | | (2,031.3 | ) | | 1,066.80 | |
|
Less: Comprehensive income (loss) attributable to the noncontrolling interest | — | | | — | | | 20.3 | | | — | | | 20.3 | |
|
Comprehensive income (loss) attributable to ING U.S., Inc.'s common shareholder | $ | 1,046.50 | | | $ | 905.6 | | | $ | 1,125.70 | | | $ | (2,031.3 | ) | | $ | 1,046.50 | |
|
|
Condensed Consolidating Statement of Comprehensive Income |
For the Nine Months Ended September 30, 2012 |
|
|
| | | | | | | | | | | | | | | | | | | |
| Parent Issuer | | Subsidiary Guarantor | | Non-Guarantor Subsidiaries | | Consolidating Adjustments | | Consolidated |
Net income (loss) including noncontrolling interest | $ | 495.7 | | | $ | 513.7 | | | $ | 740.8 | | | $ | (1,032.1 | ) | | $ | 718.1 | |
|
Other comprehensive income (loss), before tax: | | | | | | | | | |
Unrealized gains/losses on securities | 1,643.40 | | | 1,256.30 | | | 1,641.20 | | | (2,897.5 | ) | | 1,643.40 | |
|
Other-than-temporary impairments | 50.2 | | | 31.4 | | | 50.2 | | | (81.6 | ) | | 50.2 | |
|
Pension and other post-employment benefit liability | (11.0 | ) | | (2.4 | ) | | (11.0 | ) | | 13.4 | | | (11.0 | ) |
|
Other comprehensive income (loss), before tax | 1,682.60 | | | 1,285.30 | | | 1,680.40 | | | (2,965.7 | ) | | 1,682.60 | |
|
Income tax expense (benefit) related to items of other comprehensive income (loss) | 576.1 | | | 424.9 | | | 498.9 | | | (923.8 | ) | | 576.1 | |
|
Other comprehensive income (loss), after tax | 1,106.50 | | | 860.4 | | | 1,181.50 | | | (2,041.9 | ) | | 1,106.50 | |
|
Comprehensive income (loss) | 1,602.20 | | | 1,374.10 | | | 1,922.30 | | | (3,074.0 | ) | | 1,824.60 | |
|
Less: Comprehensive income (loss) attributable to the noncontrolling interest | — | | | — | | | 222.4 | | | — | | | 222.4 | |
|
Comprehensive income (loss) attributable to ING U.S., Inc.'s common shareholder | $ | 1,602.20 | | | $ | 1,374.10 | | | $ | 1,699.90 | | | $ | (3,074.0 | ) | | $ | 1,602.20 | |
|
Condensed Consolidating Statement of Cash Flows |
For the Nine Months Ended September 30, 2013 |
|
| | | | | | | | | | | | | | | | | | | |
| Parent Issuer | | Subsidiary Guarantor | | Non-Guarantor Subsidiaries | | Consolidating Adjustments | | Consolidated |
Net cash provided by (used in) operating activities | $ | 162.4 | | | $ | 33.8 | | | $ | 2,807.90 | | | $ | (62.0 | ) | | $ | 2,942.10 | |
|
| | | | | | | | | |
Cash Flows from Investing Activities: | | | | | | | | | |
Proceeds from the sale, maturity, disposal or redemption of: | | | | | | | | | |
Fixed maturities | — | | | — | | | 11,626.70 | | | — | | | 11,626.70 | |
|
Equity securities, available-for-sale | 9.9 | | | 13.7 | | | 23.5 | | | — | | | 47.1 | |
|
Mortgage loans on real estate | — | | | 0.4 | | | 1,253.10 | | | — | | | 1,253.50 | |
|
Limited partnerships/corporations | — | | | — | | | 274.8 | | | — | | | 274.8 | |
|
Acquisition of: | | | | | | | | | |
Fixed maturities | — | | | — | | | (14,281.7 | ) | | — | | | (14,281.7 | ) |
|
Equity securities, available-for-sale | (10.5 | ) | | — | | | (7.4 | ) | | — | | | (17.9 | ) |
|
Mortgage loans on real estate | — | | | — | | | (1,583.2 | ) | | — | | | (1,583.2 | ) |
|
Limited partnerships/corporations | — | | | — | | | (81.0 | ) | | — | | | (81.0 | ) |
|
Short-term investments, net | — | | | — | | | 3,443.20 | | | — | | | 3,443.20 | |
|
Policy loans, net | — | | | — | | | 52.8 | | | — | | | 52.8 | |
|
Derivatives, net | — | | | — | | | (1,981.6 | ) | | — | | | (1,981.6 | ) |
|
Other investments, net | — | | | (0.4 | ) | | 34.7 | | | — | | | 34.3 | |
|
Sales from consolidated investments entities | — | | | — | | | 2,518.70 | | | — | | | 2,518.70 | |
|
Purchase of consolidated investment entities | — | | | — | | | (3,352.2 | ) | | — | | | (3,352.2 | ) |
|
Maturity of intercompany loans issued to subsidiaries with maturities more than three months | 2.3 | | | — | | | — | | | (2.3 | ) | | — | |
|
Net (issuance) maturity of short-term intercompany loans | (274.5 | ) | | 58 | | | 261.1 | | | (44.6 | ) | | — | |
|
Return of capital contributions from subsidiaries | 1,434.00 | | | 987 | | | — | | | (2,421.0 | ) | | — | |
|
Capital contributions to subsidiaries | (2,062.0 | ) | | — | | | — | | | 2,062.00 | | | — | |
|
Collateral received (delivered), net | 12.7 | | | — | | | (764.2 | ) | | — | | | (751.5 | ) |
|
Purchases of fixed assets, net | — | | | — | | | (25.7 | ) | | — | | | (25.7 | ) |
|
Net cash provided by (used in) investing activities | (888.1 | ) | | 1,058.70 | | | (2,588.4 | ) | | (405.9 | ) | | (2,823.7 | ) |
|
Condensed Consolidating Statement of Cash Flows |
For the Nine Months Ended September 30, 2013 |
|
| | | | | | | | | | | | | | | | | | | |
| Parent Issuer | | Subsidiary Guarantor | | Non-Guarantor Subsidiaries | | Consolidating Adjustments | | Consolidated |
Cash Flows from Financing Activities: | | | | | | | | | |
Deposits received for investment contracts | — | | | — | | | 8,985.20 | | | — | | | 8,985.20 | |
|
Maturities and withdrawals from investment contracts | — | | | — | | | (9,648.9 | ) | | — | | | (9,648.9 | ) |
|
Proceeds from issuance of debt with maturities of more than three months | 2,146.80 | | | — | | | 0.3 | | | — | | | 2,147.10 | |
|
Repayment of debt with maturities of more than three months | (1,370.3 | ) | | (638.6 | ) | | (688.5 | ) | | — | | | (2,697.4 | ) |
|
Short-term debt, net | (171.7 | ) | | — | | | 0.1 | | | — | | | (171.6 | ) |
|
Debt issuance costs | (24.8 | ) | | — | | | — | | | — | | | (24.8 | ) |
|
Intercompany loans with maturities of more than three months | — | | | — | | | (2.3 | ) | | 2.3 | | | — | |
|
Net (repayments of) proceeds from short-term intercompany loans | (319.1 | ) | | 253.3 | | | 21.2 | | | 44.6 | | | — | |
|
Dividends to parent | — | | | — | | | (62.0 | ) | | 62 | | | — | |
|
Return of capital contributions to parent | — | | | (987.0 | ) | | (1,434.0 | ) | | 2,421.00 | | | — | |
|
Contributions of capital from parent | — | | | 280 | | | 1,782.00 | | | (2,062.0 | ) | | — | |
|
Borrowings of consolidated investment entities | — | | | — | | | 32 | | | — | | | 32 | |
|
Repayments of debt of consolidated investment entities | — | | | — | | | (8.5 | ) | | — | | | (8.5 | ) |
|
Contributions from participants in consolidated investment entities | — | | | — | | | 626.7 | | | — | | | 626.7 | |
|
Proceeds from issuance of common stock, net | 571.6 | | | — | | | — | | | — | | | 571.6 | |
|
Net cash provided by (used in) financing activities | 832.5 | | | (1,092.3 | ) | | (396.7 | ) | | 467.9 | | | (188.6 | ) |
|
Net increase (decrease) in cash and cash equivalents | 106.8 | | | 0.2 | | | (177.2 | ) | | — | | | (70.2 | ) |
|
Cash and cash equivalents, beginning of period | 357.5 | | | 0.4 | | | 1,428.90 | | | — | | | 1,786.80 | |
|
Cash and cash equivalents, end of period | $ | 464.3 | | | $ | 0.6 | | | $ | 1,251.70 | | | $ | — | | | $ | 1,716.60 | |
|
Condensed Consolidating Statement of Cash Flows |
For the Nine Months Ended September 30, 2012 |
|
|
| | | | | | | | | | | | | | | | | | | |
| Parent Issuer | | Subsidiary Guarantor | | Non-Guarantor Subsidiaries | | Consolidating Adjustments | | Consolidated |
Net cash provided by (used in) operating activities | $ | (123.3 | ) | | $ | 25.4 | | | $ | 2,568.90 | | | $ | (49.0 | ) | | $ | 2,422.00 | |
|
| | | | | | | | | |
Cash Flows from Investing Activities: | | | | | | | | | |
Proceeds from the sale, maturity, disposal or redemption of: | | | | | | | | | |
Fixed maturities | — | | | — | | | 13,430.60 | | | — | | | 13,430.60 | |
|
Equity securities, available-for-sale | 20.8 | | | 10.4 | | | 26.4 | | | — | | | 57.6 | |
|
Mortgage loans on real estate | — | | | 1.1 | | | 1,257.00 | | | — | | | 1,258.10 | |
|
Loan - Dutch State obligation | — | | | — | | | 284 | | | — | | | 284 | |
|
Limited partnerships/corporations | — | | | — | | | 318 | | | — | | | 318 | |
|
Acquisition of: | | | | | | | | | |
Fixed maturities | — | | | — | | | (13,636.4 | ) | | — | | | (13,636.4 | ) |
|
Equity securities, available-for-sale | (10.4 | ) | | — | | | (7.0 | ) | | — | | | (17.4 | ) |
|
Mortgage loans on real estate | — | | | — | | | (1,248.9 | ) | | — | | | (1,248.9 | ) |
|
Limited partnerships/corporations | — | | | — | | | (44.5 | ) | | — | | | (44.5 | ) |
|
Short-term investments, net | — | | | — | | | (63.5 | ) | | — | | | (63.5 | ) |
|
Policy loans, net | — | | | — | | | 51 | | | — | | | 51 | |
|
Derivatives, net | — | | | — | | | (1,458.8 | ) | | — | | | (1,458.8 | ) |
|
Other investments, net | — | | | — | | | 4.6 | | | — | | | 4.6 | |
|
Sales from consolidated investments entities | — | | | — | | | 1,222.20 | | | — | | | 1,222.20 | |
|
Purchase of consolidated investment entities | — | | | — | | | (1,528.1 | ) | | — | | | (1,528.1 | ) |
|
Net maturity (issuance) of short-term intercompany loans | 22.5 | | | (23.7 | ) | | 2,168.00 | | | (2,166.8 | ) | | — | |
|
Return of capital contributions from subsidiaries | 813 | | | 720 | | | — | | | (1,533.0 | ) | | — | |
|
Capital contributions to subsidiaries | (400.0 | ) | | — | | | — | | | 400 | | | — | |
|
Collateral received (delivered), net | 7.2 | | | — | | | 174.3 | | | — | | | 181.5 | |
|
Purchases of fixed assets, net | — | | | — | | | (18.8 | ) | | — | | | (18.8 | ) |
|
Net cash provided by (used in) investing activities | 453.1 | | | 707.8 | | | 930.1 | | | (3,299.8 | ) | | (1,208.8 | ) |
|
Condensed Consolidating Statement of Cash Flows |
For the Nine Months Ended September 30, 2012 |
|
|
| | | | | | | | | | | | | | | | | | | |
| Parent Issuer | | Subsidiary Guarantor | | Non-Guarantor Subsidiaries | | Consolidating Adjustments | | Consolidated |
Cash Flows from Financing Activities: | | | | | | | | | |
Deposits received for investment contracts | — | | | — | | | 12,910.80 | | | — | | | 12,910.80 | |
|
Maturities and withdrawals from investment contracts | — | | | — | | | (15,278.5 | ) | | — | | | (15,278.5 | ) |
|
Proceeds from issuance of debt with maturities of more than three months | 2,910.40 | | | — | | | 1.1 | | | — | | | 2,911.50 | |
|
Repayment of debt with maturities of more than three months | (649.2 | ) | | — | | | — | | | — | | | (649.2 | ) |
|
Short-term debt, net | (242.4 | ) | | — | | | — | | | — | | | (242.4 | ) |
|
Debt issuance costs | (30.3 | ) | | — | | | — | | | — | | | (30.3 | ) |
|
Net proceeds from (repayments of) short-term intercompany loans | (2,144.3 | ) | | — | | | (22.5 | ) | | 2,166.80 | | | — | |
|
Dividends to parent | — | | | — | | | (49.0 | ) | | 49 | | | — | |
|
Return of capital contributions to parent | — | | | (733.0 | ) | | (800.0 | ) | | 1,533.00 | | | — | |
|
Contributions of capital from parent | — | | | — | | | 400 | | | (400.0 | ) | | — | |
|
Borrowings of consolidated investment entities | — | | | — | | | 54.3 | | | — | | | 54.3 | |
|
Repayments of debt of consolidated investment entities | — | | | — | | | (50.4 | ) | | — | | | (50.4 | ) |
|
Contributions from participants in consolidated investment entities | — | | | — | | | 601.7 | | | — | | | 601.7 | |
|
Net cash provided by (used in) financing activities | (155.8 | ) | | (733.0 | ) | | (2,232.5 | ) | | 3,348.80 | | | 227.5 | |
|
Net increase (decrease) in cash and cash equivalents | 174 | | | 0.2 | | | 1,266.50 | | | — | | | 1,440.70 | |
|
Cash and cash equivalents, beginning of period | 1.3 | | | 0.6 | | | 636.1 | | | — | | | 638 | |
|
Cash and cash equivalents, end of period | $ | 175.3 | | | $ | 0.8 | | | $ | 1,902.60 | | | $ | — | | | $ | 2,078.70 | |
|
Schedule of Condensed Consolidating Statement of Cash Flows | ' |
Condensed Consolidating Statement of Cash Flows |
For the Nine Months Ended September 30, 2013 |
|
| | | | | | | | | | | | | | | | | | | |
| Parent Issuer | | Subsidiary Guarantor | | Non-Guarantor Subsidiaries | | Consolidating Adjustments | | Consolidated |
Net cash provided by (used in) operating activities | $ | 162.4 | | | $ | 33.8 | | | $ | 2,807.90 | | | $ | (62.0 | ) | | $ | 2,942.10 | |
|
| | | | | | | | | |
Cash Flows from Investing Activities: | | | | | | | | | |
Proceeds from the sale, maturity, disposal or redemption of: | | | | | | | | | |
Fixed maturities | — | | | — | | | 11,626.70 | | | — | | | 11,626.70 | |
|
Equity securities, available-for-sale | 9.9 | | | 13.7 | | | 23.5 | | | — | | | 47.1 | |
|
Mortgage loans on real estate | — | | | 0.4 | | | 1,253.10 | | | — | | | 1,253.50 | |
|
Limited partnerships/corporations | — | | | — | | | 274.8 | | | — | | | 274.8 | |
|
Acquisition of: | | | | | | | | | |
Fixed maturities | — | | | — | | | (14,281.7 | ) | | — | | | (14,281.7 | ) |
|
Equity securities, available-for-sale | (10.5 | ) | | — | | | (7.4 | ) | | — | | | (17.9 | ) |
|
Mortgage loans on real estate | — | | | — | | | (1,583.2 | ) | | — | | | (1,583.2 | ) |
|
Limited partnerships/corporations | — | | | — | | | (81.0 | ) | | — | | | (81.0 | ) |
|
Short-term investments, net | — | | | — | | | 3,443.20 | | | — | | | 3,443.20 | |
|
Policy loans, net | — | | | — | | | 52.8 | | | — | | | 52.8 | |
|
Derivatives, net | — | | | — | | | (1,981.6 | ) | | — | | | (1,981.6 | ) |
|
Other investments, net | — | | | (0.4 | ) | | 34.7 | | | — | | | 34.3 | |
|
Sales from consolidated investments entities | — | | | — | | | 2,518.70 | | | — | | | 2,518.70 | |
|
Purchase of consolidated investment entities | — | | | — | | | (3,352.2 | ) | | — | | | (3,352.2 | ) |
|
Maturity of intercompany loans issued to subsidiaries with maturities more than three months | 2.3 | | | — | | | — | | | (2.3 | ) | | — | |
|
Net (issuance) maturity of short-term intercompany loans | (274.5 | ) | | 58 | | | 261.1 | | | (44.6 | ) | | — | |
|
Return of capital contributions from subsidiaries | 1,434.00 | | | 987 | | | — | | | (2,421.0 | ) | | — | |
|
Capital contributions to subsidiaries | (2,062.0 | ) | | — | | | — | | | 2,062.00 | | | — | |
|
Collateral received (delivered), net | 12.7 | | | — | | | (764.2 | ) | | — | | | (751.5 | ) |
|
Purchases of fixed assets, net | — | | | — | | | (25.7 | ) | | — | | | (25.7 | ) |
|
Net cash provided by (used in) investing activities | (888.1 | ) | | 1,058.70 | | | (2,588.4 | ) | | (405.9 | ) | | (2,823.7 | ) |
|
Condensed Consolidating Statement of Cash Flows |
For the Nine Months Ended September 30, 2013 |
|
| | | | | | | | | | | | | | | | | | | |
| Parent Issuer | | Subsidiary Guarantor | | Non-Guarantor Subsidiaries | | Consolidating Adjustments | | Consolidated |
Cash Flows from Financing Activities: | | | | | | | | | |
Deposits received for investment contracts | — | | | — | | | 8,985.20 | | | — | | | 8,985.20 | |
|
Maturities and withdrawals from investment contracts | — | | | — | | | (9,648.9 | ) | | — | | | (9,648.9 | ) |
|
Proceeds from issuance of debt with maturities of more than three months | 2,146.80 | | | — | | | 0.3 | | | — | | | 2,147.10 | |
|
Repayment of debt with maturities of more than three months | (1,370.3 | ) | | (638.6 | ) | | (688.5 | ) | | — | | | (2,697.4 | ) |
|
Short-term debt, net | (171.7 | ) | | — | | | 0.1 | | | — | | | (171.6 | ) |
|
Debt issuance costs | (24.8 | ) | | — | | | — | | | — | | | (24.8 | ) |
|
Intercompany loans with maturities of more than three months | — | | | — | | | (2.3 | ) | | 2.3 | | | — | |
|
Net (repayments of) proceeds from short-term intercompany loans | (319.1 | ) | | 253.3 | | | 21.2 | | | 44.6 | | | — | |
|
Dividends to parent | — | | | — | | | (62.0 | ) | | 62 | | | — | |
|
Return of capital contributions to parent | — | | | (987.0 | ) | | (1,434.0 | ) | | 2,421.00 | | | — | |
|
Contributions of capital from parent | — | | | 280 | | | 1,782.00 | | | (2,062.0 | ) | | — | |
|
Borrowings of consolidated investment entities | — | | | — | | | 32 | | | — | | | 32 | |
|
Repayments of debt of consolidated investment entities | — | | | — | | | (8.5 | ) | | — | | | (8.5 | ) |
|
Contributions from participants in consolidated investment entities | — | | | — | | | 626.7 | | | — | | | 626.7 | |
|
Proceeds from issuance of common stock, net | 571.6 | | | — | | | — | | | — | | | 571.6 | |
|
Net cash provided by (used in) financing activities | 832.5 | | | (1,092.3 | ) | | (396.7 | ) | | 467.9 | | | (188.6 | ) |
|
Net increase (decrease) in cash and cash equivalents | 106.8 | | | 0.2 | | | (177.2 | ) | | — | | | (70.2 | ) |
|
Cash and cash equivalents, beginning of period | 357.5 | | | 0.4 | | | 1,428.90 | | | — | | | 1,786.80 | |
|
Cash and cash equivalents, end of period | $ | 464.3 | | | $ | 0.6 | | | $ | 1,251.70 | | | $ | — | | | $ | 1,716.60 | |
|
Condensed Consolidating Statement of Cash Flows |
For the Nine Months Ended September 30, 2012 |
|
|
| | | | | | | | | | | | | | | | | | | |
| Parent Issuer | | Subsidiary Guarantor | | Non-Guarantor Subsidiaries | | Consolidating Adjustments | | Consolidated |
Net cash provided by (used in) operating activities | $ | (123.3 | ) | | $ | 25.4 | | | $ | 2,568.90 | | | $ | (49.0 | ) | | $ | 2,422.00 | |
|
| | | | | | | | | |
Cash Flows from Investing Activities: | | | | | | | | | |
Proceeds from the sale, maturity, disposal or redemption of: | | | | | | | | | |
Fixed maturities | — | | | — | | | 13,430.60 | | | — | | | 13,430.60 | |
|
Equity securities, available-for-sale | 20.8 | | | 10.4 | | | 26.4 | | | — | | | 57.6 | |
|
Mortgage loans on real estate | — | | | 1.1 | | | 1,257.00 | | | — | | | 1,258.10 | |
|
Loan - Dutch State obligation | — | | | — | | | 284 | | | — | | | 284 | |
|
Limited partnerships/corporations | — | | | — | | | 318 | | | — | | | 318 | |
|
Acquisition of: | | | | | | | | | |
Fixed maturities | — | | | — | | | (13,636.4 | ) | | — | | | (13,636.4 | ) |
|
Equity securities, available-for-sale | (10.4 | ) | | — | | | (7.0 | ) | | — | | | (17.4 | ) |
|
Mortgage loans on real estate | — | | | — | | | (1,248.9 | ) | | — | | | (1,248.9 | ) |
|
Limited partnerships/corporations | — | | | — | | | (44.5 | ) | | — | | | (44.5 | ) |
|
Short-term investments, net | — | | | — | | | (63.5 | ) | | — | | | (63.5 | ) |
|
Policy loans, net | — | | | — | | | 51 | | | — | | | 51 | |
|
Derivatives, net | — | | | — | | | (1,458.8 | ) | | — | | | (1,458.8 | ) |
|
Other investments, net | — | | | — | | | 4.6 | | | — | | | 4.6 | |
|
Sales from consolidated investments entities | — | | | — | | | 1,222.20 | | | — | | | 1,222.20 | |
|
Purchase of consolidated investment entities | — | | | — | | | (1,528.1 | ) | | — | | | (1,528.1 | ) |
|
Net maturity (issuance) of short-term intercompany loans | 22.5 | | | (23.7 | ) | | 2,168.00 | | | (2,166.8 | ) | | — | |
|
Return of capital contributions from subsidiaries | 813 | | | 720 | | | — | | | (1,533.0 | ) | | — | |
|
Capital contributions to subsidiaries | (400.0 | ) | | — | | | — | | | 400 | | | — | |
|
Collateral received (delivered), net | 7.2 | | | — | | | 174.3 | | | — | | | 181.5 | |
|
Purchases of fixed assets, net | — | | | — | | | (18.8 | ) | | — | | | (18.8 | ) |
|
Net cash provided by (used in) investing activities | 453.1 | | | 707.8 | | | 930.1 | | | (3,299.8 | ) | | (1,208.8 | ) |
|
Condensed Consolidating Statement of Cash Flows |
For the Nine Months Ended September 30, 2012 |
|
|
| | | | | | | | | | | | | | | | | | | |
| Parent Issuer | | Subsidiary Guarantor | | Non-Guarantor Subsidiaries | | Consolidating Adjustments | | Consolidated |
Cash Flows from Financing Activities: | | | | | | | | | |
Deposits received for investment contracts | — | | | — | | | 12,910.80 | | | — | | | 12,910.80 | |
|
Maturities and withdrawals from investment contracts | — | | | — | | | (15,278.5 | ) | | — | | | (15,278.5 | ) |
|
Proceeds from issuance of debt with maturities of more than three months | 2,910.40 | | | — | | | 1.1 | | | — | | | 2,911.50 | |
|
Repayment of debt with maturities of more than three months | (649.2 | ) | | — | | | — | | | — | | | (649.2 | ) |
|
Short-term debt, net | (242.4 | ) | | — | | | — | | | — | | | (242.4 | ) |
|
Debt issuance costs | (30.3 | ) | | — | | | — | | | — | | | (30.3 | ) |
|
Net proceeds from (repayments of) short-term intercompany loans | (2,144.3 | ) | | — | | | (22.5 | ) | | 2,166.80 | | | — | |
|
Dividends to parent | — | | | — | | | (49.0 | ) | | 49 | | | — | |
|
Return of capital contributions to parent | — | | | (733.0 | ) | | (800.0 | ) | | 1,533.00 | | | — | |
|
Contributions of capital from parent | — | | | — | | | 400 | | | (400.0 | ) | | — | |
|
Borrowings of consolidated investment entities | — | | | — | | | 54.3 | | | — | | | 54.3 | |
|
Repayments of debt of consolidated investment entities | — | | | — | | | (50.4 | ) | | — | | | (50.4 | ) |
|
Contributions from participants in consolidated investment entities | — | | | — | | | 601.7 | | | — | | | 601.7 | |
|
Net cash provided by (used in) financing activities | (155.8 | ) | | (733.0 | ) | | (2,232.5 | ) | | 3,348.80 | | | 227.5 | |
|
Net increase (decrease) in cash and cash equivalents | 174 | | | 0.2 | | | 1,266.50 | | | — | | | 1,440.70 | |
|
Cash and cash equivalents, beginning of period | 1.3 | | | 0.6 | | | 636.1 | | | — | | | 638 | |
|
Cash and cash equivalents, end of period | $ | 175.3 | | | $ | 0.8 | | | $ | 1,902.60 | | | $ | — | | | $ | 2,078.70 | |
|
| | | | | | | | | | | | | | | | | | | | |