Condensed Consolidating Financial Information (Tables) | 6 Months Ended |
Jun. 30, 2014 |
Condensed Financial Information of Parent Company Only Disclosure [Abstract] | ' |
Schedule of Condensed Consolidating Balance Sheets | ' |
Condensed Consolidating Balance Sheet |
June 30, 2014 |
|
| | | | | | | | | | | | | | | | | | | |
| Parent Issuer | | Subsidiary Guarantor | | Non-Guarantor Subsidiaries | | Consolidating Adjustments | | Consolidated |
Assets: | | | | | | | | | |
Investments: | | | | | | | | | |
Fixed maturities, available-for-sale, at fair value | $ | — | | | $ | — | | | $ | 70,939.60 | | | $ | (15.3 | ) | | $ | 70,924.30 | |
|
Fixed maturities, at fair value using the fair value option | — | | | — | | | 3,538.70 | | | — | | | 3,538.70 | |
|
Equity securities, available-for-sale, at fair value | 83.8 | | | — | | | 189.7 | | | — | | | 273.5 | |
|
Short-term investments | — | | | — | | | 775.9 | | | — | | | 775.9 | |
|
Mortgage loans on real estate, net of valuation allowance | — | | | — | | | 9,491.40 | | | — | | | 9,491.40 | |
|
Policy loans | — | | | — | | | 2,113.70 | | | — | | | 2,113.70 | |
|
Limited partnerships/corporations | — | | | — | | | 343.9 | | | — | | | 343.9 | |
|
Derivatives | 61.1 | | | — | | | 1,196.40 | | | (162.9 | ) | | 1,094.60 | |
|
Investments in subsidiaries | 16,388.00 | | | 13,030.90 | | | — | | | (29,418.9 | ) | | — | |
|
Other investments | — | | | 3.9 | | | 116.3 | | | — | | | 120.2 | |
|
Securities pledged | — | | | — | | | 1,145.10 | | | — | | | 1,145.10 | |
|
Total investments | 16,532.90 | | | 13,034.80 | | | 89,850.70 | | | (29,597.1 | ) | | 89,821.30 | |
|
Cash and cash equivalents | 879.1 | | | 1.4 | | | 2,261.50 | | | — | | | 3,142.00 | |
|
Short-term investments under securities loan agreements, including collateral delivered | 30.7 | | | — | | | 592.6 | | | (20.1 | ) | | 603.2 | |
|
Accrued investment income | — | | | — | | | 906.5 | | | — | | | 906.5 | |
|
Reinsurance recoverable | — | | | — | | | 6,637.10 | | | — | | | 6,637.10 | |
|
Deferred policy acquisition costs and Value of business acquired | — | | | — | | | 4,511.20 | | | — | | | 4,511.20 | |
|
Sales inducements to contract holders | — | | | — | | | 241.5 | | | — | | | 241.5 | |
|
Current income taxes | 14.4 | | | (12.5 | ) | | 3.2 | | | — | | | 5.1 | |
|
Goodwill and other intangible assets | — | | | — | | | 303.2 | | | — | | | 303.2 | |
|
Loans to subsidiaries and affiliates | 267.3 | | | — | | | 0.3 | | | (267.6 | ) | | — | |
|
Due from subsidiaries and affiliates | 11.9 | | | 0.8 | | | 13.1 | | | (25.8 | ) | | — | |
|
Other assets | 55 | | | — | | | 1,083.80 | | | (0.7 | ) | | 1,138.10 | |
|
Assets related to consolidated investment entities: | | | | | | | | | |
Limited partnerships/corporations, at fair value | — | | | — | | | 3,591.90 | | | — | | | 3,591.90 | |
|
Cash and cash equivalents | — | | | — | | | 645.6 | | | — | | | 645.6 | |
|
Corporate loans, at fair value using the fair value option | — | | | — | | | 5,764.90 | | | — | | | 5,764.90 | |
|
Other assets | — | | | — | | | 118.2 | | | — | | | 118.2 | |
|
Assets held in separate accounts | — | | | — | | | 110,648.20 | | | — | | | 110,648.20 | |
|
Total assets | $ | 17,791.30 | | | $ | 13,024.50 | | | $ | 227,173.50 | | | $ | (29,911.3 | ) | | $ | 228,078.00 | |
|
Condensed Consolidating Balance Sheet |
June 30, 2014 |
|
| | | | | | | | | | | | | | | | | | | |
| Parent Issuer | | Subsidiary Guarantor | | Non-Guarantor Subsidiaries | | Consolidating Adjustments | | Consolidated |
Liabilities and Shareholders' Equity: | | | | | | | | | |
Future policy benefits | $ | — | | | $ | — | | | $ | 14,675.50 | | | $ | — | | | $ | 14,675.50 | |
|
Contract owner account balances | — | | | — | | | 69,749.00 | | | — | | | 69,749.00 | |
|
Payables under securities loan agreement, including collateral held | — | | | — | | | 904.9 | | | — | | | 904.9 | |
|
Short-term debt with affiliates | — | | | 225.3 | | | 42 | | | (267.3 | ) | | — | |
|
Long-term debt | 2,996.90 | | | 515 | | | 18.6 | | | (15.3 | ) | | 3,515.20 | |
|
Funds held under reinsurance agreements | — | | | — | | | 1,167.60 | | | — | | | 1,167.60 | |
|
Derivatives | 101.8 | | | — | | | 979.3 | | | (162.9 | ) | | 918.2 | |
|
Pension and other post-employment provisions | — | | | — | | | 464.7 | | | — | | | 464.7 | |
|
Deferred income taxes | (208.8 | ) | | — | | | 791 | | | — | | | 582.2 | |
|
Due to subsidiaries and affiliates | 11.9 | | | 1.2 | | | (2.3 | ) | | (10.8 | ) | | — | |
|
Other liabilities | 71.4 | | | 15.1 | | | 1,201.90 | | | (36.1 | ) | | 1,252.30 | |
|
Liabilities related to consolidated investment entities: | | | | | | | | | |
Collateralized loan obligations notes, at fair value using the fair value option | — | | | — | | | 5,955.60 | | | — | | | 5,955.60 | |
|
Other liabilities | — | | | — | | | 981.3 | | | — | | | 981.3 | |
|
Liabilities related to separate accounts | — | | | — | | | 110,648.20 | | | — | | | 110,648.20 | |
|
Total liabilities | 2,973.20 | | | 756.6 | | | 207,577.30 | | | (492.4 | ) | | 210,814.70 | |
|
Shareholders' equity: | | | | | | | | | |
Total Voya Financial, Inc. shareholders' equity | 14,818.10 | | | 12,267.90 | | | 17,151.00 | | | (29,418.9 | ) | | 14,818.10 | |
|
Noncontrolling interest | — | | | — | | | 2,445.20 | | | — | | | 2,445.20 | |
|
Total shareholders' equity | 14,818.10 | | | 12,267.90 | | | 19,596.20 | | | (29,418.9 | ) | | 17,263.30 | |
|
Total liabilities and shareholders' equity | $ | 17,791.30 | | | $ | 13,024.50 | | | $ | 227,173.50 | | | $ | (29,911.3 | ) | | $ | 228,078.00 | |
|
Condensed Consolidating Balance Sheet |
December 31, 2013 |
|
| | | | | | | | | | | | | | | | | | | |
| Parent Issuer | | Subsidiary Guarantor | | Non-Guarantor Subsidiaries | | Consolidating Adjustments | | Consolidated |
Assets: | | | | | | | | | |
Investments: | | | | | | | | | |
Fixed maturities, available-for-sale, at fair value | $ | — | | | $ | — | | | $ | 68,333.20 | | | $ | (15.4 | ) | | $ | 68,317.80 | |
|
Fixed maturities, at fair value using the fair value option | — | | | — | | | 2,935.30 | | | — | | | 2,935.30 | |
|
Equity securities, available-for-sale, at fair value | 76.6 | | | 20.6 | | | 217.2 | | | — | | | 314.4 | |
|
Short-term investments | — | | | — | | | 1,048.10 | | | — | | | 1,048.10 | |
|
Mortgage loans on real estate, net of valuation allowance | — | | | — | | | 9,312.20 | | | — | | | 9,312.20 | |
|
Policy loans | — | | | — | | | 2,147.00 | | | — | | | 2,147.00 | |
|
Limited partnerships/corporations | — | | | — | | | 236.4 | | | — | | | 236.4 | |
|
Derivatives | 69.9 | | | — | | | 1,261.80 | | | (182.4 | ) | | 1,149.30 | |
|
Investments in subsidiaries | 15,103.80 | | | 12,572.70 | | | — | | | (27,676.5 | ) | | — | |
|
Other investments | — | | | 0.4 | | | 124.2 | | | — | | | 124.6 | |
|
Securities pledged | — | | | — | | | 1,465.70 | | | — | | | 1,465.70 | |
|
Total investments | 15,250.30 | | | 12,593.70 | | | 87,081.10 | | | (27,874.3 | ) | | 87,050.80 | |
|
Cash and cash equivalents | 640.2 | | | 1.1 | | | 2,199.50 | | | — | | | 2,840.80 | |
|
Short-term investments under securities loan agreements, including collateral delivered | 30.7 | | | — | | | 542.3 | | | (20.1 | ) | | 552.9 | |
|
Accrued investment income | — | | | — | | | 897.1 | | | — | | | 897.1 | |
|
Reinsurance recoverable | — | | | — | | | 6,702.20 | | | — | | | 6,702.20 | |
|
Deferred policy acquisition costs and Value of business acquired | — | | | — | | | 5,351.60 | | | — | | | 5,351.60 | |
|
Sales inducements to contract holders | — | | | — | | | 279 | | | — | | | 279 | |
|
Deferred income taxes | 204.4 | | | — | | | (42.3 | ) | | — | | | 162.1 | |
|
Goodwill and other intangible assets | — | | | — | | | 323.7 | | | — | | | 323.7 | |
|
Loans to subsidiaries and affiliates | 211.3 | | | — | | | 0.3 | | | (211.6 | ) | | — | |
|
Due from subsidiaries and affiliates | 26.9 | | | 0.6 | | | 1.7 | | | (29.2 | ) | | — | |
|
Other assets | 43.4 | | | — | | | 995.1 | | | (2.0 | ) | | 1,036.50 | |
|
Assets related to consolidated investment entities: | | | | | | | | | |
|
Limited partnerships/corporations, at fair value | — | | | — | | | 3,218.60 | | | — | | | 3,218.60 | |
|
Cash and cash equivalents | — | | | — | | | 710.7 | | | — | | | 710.7 | |
|
Corporate loans, at fair value using the fair value option | — | | | — | | | 4,965.30 | | | — | | | 4,965.30 | |
|
Other assets | — | | | — | | | 104.8 | | | — | | | 104.8 | |
|
Assets held in separate accounts | — | | | — | | | 106,827.10 | | | — | | | 106,827.10 | |
|
Total assets | $ | 16,407.20 | | | $ | 12,595.40 | | | $ | 220,157.80 | | | $ | (28,137.2 | ) | | $ | 221,023.20 | |
|
|
Condensed Consolidating Balance Sheet |
December 31, 2013 |
|
| | | | | | | | | | | | | | | | | | | |
| Parent Issuer | | Subsidiary Guarantor | | Non-Guarantor Subsidiaries | | Consolidating Adjustments | | Consolidated |
Liabilities and Shareholders' Equity: | | | | | | | | | |
Future policy benefits | $ | — | | | $ | — | | | $ | 14,098.40 | | | $ | — | | | $ | 14,098.40 | |
|
Contract owner account balances | — | | | — | | | 69,908.30 | | | — | | | 69,908.30 | |
|
Payables under securities loan agreement, including collateral held | — | | | — | | | 769.4 | | | — | | | 769.4 | |
|
Short-term debt with affiliates | — | | | 125.4 | | | 85.9 | | | (211.3 | ) | | — | |
|
Long-term debt | 2,996.70 | | | 514.7 | | | 18.7 | | | (15.4 | ) | | 3,514.70 | |
|
Funds held under reinsurance agreements | — | | | — | | | 1,181.50 | | | — | | | 1,181.50 | |
|
Derivatives | 114 | | | — | | | 1,420.20 | | | (182.4 | ) | | 1,351.80 | |
|
Pension and other post-employment provisions | — | | | — | | | 474.9 | | | — | | | 474.9 | |
|
Current income taxes | (47.0 | ) | | 10.6 | | | 80.5 | | | — | | | 44.1 | |
|
Due to subsidiaries and affiliates | 0.2 | | | 1.5 | | | 12.5 | | | (14.2 | ) | | — | |
|
Other liabilities | 71.1 | | | 14.4 | | | 1,226.00 | | | (37.4 | ) | | 1,274.10 | |
|
Liabilities related to consolidated investment entities: | | | | | | | | | |
Collateralized loan obligations notes, at fair value using the fair value option | — | | | — | | | 5,161.60 | | | — | | | 5,161.60 | |
|
Other liabilities | — | | | — | | | 903.3 | | | — | | | 903.3 | |
|
Liabilities related to separate accounts | — | | | — | | | 106,827.10 | | | — | | | 106,827.10 | |
|
Total liabilities | 3,135.00 | | | 666.6 | | | 202,168.30 | | | (460.7 | ) | | 205,509.20 | |
|
Shareholders' equity: | | | | | | | | | |
Total Voya Financial, Inc. shareholders' equity | 13,272.20 | | | 11,928.80 | | | 15,747.70 | | | (27,676.5 | ) | | 13,272.20 | |
|
Noncontrolling interest | — | | | — | | | 2,241.80 | | | — | | | 2,241.80 | |
|
Total shareholders' equity | 13,272.20 | | | 11,928.80 | | | 17,989.50 | | | (27,676.5 | ) | | 15,514.00 | |
|
Total liabilities and shareholders' equity | $ | 16,407.20 | | | $ | 12,595.40 | | | $ | 220,157.80 | | | $ | (28,137.2 | ) | | $ | 221,023.20 | |
|
Schedule of Condensed Consolidating Statement of Operations | ' |
|
| | | | | | | | | | | | | | | | | | | |
| Parent Issuer | | Subsidiary Guarantor | | Non-Guarantor Subsidiaries | | Consolidating Adjustments | | Consolidated |
Liabilities and Shareholders' Equity: | | | | | | | | | |
Future policy benefits | $ | — | | | $ | — | | | $ | 14,098.40 | | | $ | — | | | $ | 14,098.40 | |
|
Contract owner account balances | — | | | — | | | 69,908.30 | | | — | | | 69,908.30 | |
|
Payables under securities loan agreement, including collateral held | — | | | — | | | 769.4 | | | — | | | 769.4 | |
|
Short-term debt with affiliates | — | | | 125.4 | | | 85.9 | | | (211.3 | ) | | — | |
|
Long-term debt | 2,996.70 | | | 514.7 | | | 18.7 | | | (15.4 | ) | | 3,514.70 | |
|
Funds held under reinsurance agreements | — | | | — | | | 1,181.50 | | | — | | | 1,181.50 | |
|
Derivatives | 114 | | | — | | | 1,420.20 | | | (182.4 | ) | | 1,351.80 | |
|
Pension and other post-employment provisions | — | | | — | | | 474.9 | | | — | | | 474.9 | |
|
Current income taxes | (47.0 | ) | | 10.6 | | | 80.5 | | | — | | | 44.1 | |
|
Due to subsidiaries and affiliates | 0.2 | | | 1.5 | | | 12.5 | | | (14.2 | ) | | — | |
|
Other liabilities | 71.1 | | | 14.4 | | | 1,226.00 | | | (37.4 | ) | | 1,274.10 | |
|
Liabilities related to consolidated investment entities: | | | | | | | | | |
Collateralized loan obligations notes, at fair value using the fair value option | — | | | — | | | 5,161.60 | | | — | | | 5,161.60 | |
|
Other liabilities | — | | | — | | | 903.3 | | | — | | | 903.3 | |
|
Liabilities related to separate accounts | — | | | — | | | 106,827.10 | | | — | | | 106,827.10 | |
|
Total liabilities | 3,135.00 | | | 666.6 | | | 202,168.30 | | | (460.7 | ) | | 205,509.20 | |
|
Shareholders' equity: | | | | | | | | | |
Total Voya Financial, Inc. shareholders' equity | 13,272.20 | | | 11,928.80 | | | 15,747.70 | | | (27,676.5 | ) | | 13,272.20 | |
|
Noncontrolling interest | — | | | — | | | 2,241.80 | | | — | | | 2,241.80 | |
|
Total shareholders' equity | 13,272.20 | | | 11,928.80 | | | 17,989.50 | | | (27,676.5 | ) | | 15,514.00 | |
|
Total liabilities and shareholders' equity | $ | 16,407.20 | | | $ | 12,595.40 | | | $ | 220,157.80 | | | $ | (28,137.2 | ) | | $ | 221,023.20 | |
|
Condensed Consolidating Statement of Operations |
For the Three Months Ended June 30, 2014 |
|
| | | | | | | | | | | | | | | | | | | |
| Parent Issuer | | Subsidiary Guarantor | | Non-Guarantor Subsidiaries | | Consolidating Adjustments | | Consolidated |
Revenues: | | | | | | | | | |
Net investment income | $ | 5.1 | | | $ | 0.1 | | | $ | 1,118.20 | | | $ | (2.5 | ) | | $ | 1,120.90 | |
|
Fee income | — | | | — | | | 897.3 | | | — | | | 897.3 | |
|
Premiums | — | | | — | | | 629.4 | | | — | | | 629.4 | |
|
Net realized gains (losses): | | | | | | | | | |
Total other-than-temporary impairments | — | | | — | | | (2.6 | ) | | — | | | (2.6 | ) |
|
Less: Portion of other-than-temporary impairments recognized in Other comprehensive income (loss) | — | | | — | | | (0.1 | ) | | — | | | (0.1 | ) |
|
Net other-than-temporary impairments recognized in earnings | — | | | — | | | (2.5 | ) | | — | | | (2.5 | ) |
|
Other net realized capital gains (losses) | (5.4 | ) | | 0.7 | | | (359.3 | ) | | — | | | (364.0 | ) |
|
Total net realized capital gains (losses) | (5.4 | ) | | 0.7 | | | (361.8 | ) | | — | | | (366.5 | ) |
|
Other revenue | 0.7 | | | 0.2 | | | 110.1 | | | (0.7 | ) | | 110.3 | |
|
Income (loss) related to consolidated investment entities: | | | | | | | | | |
Net investment income (loss) | — | | | — | | | 300.5 | | | — | | | 300.5 | |
|
Changes in fair value related to collateralized loan obligations | — | | | — | | | 6.2 | | | — | | | 6.2 | |
|
Total revenues | 0.4 | | | 1 | | | 2,699.90 | | | (3.2 | ) | | 2,698.10 | |
|
Benefits and expenses: | | | | | | | | | |
Policyholder benefits | — | | | — | | | 811.2 | | | — | | | 811.2 | |
|
Interest credited to contract owner account balance | — | | | — | | | 494 | | | — | | | 494 | |
|
Operating expenses | 0.8 | | | 0.1 | | | 758.1 | | | (0.7 | ) | | 758.3 | |
|
Net amortization of Deferred policy acquisition costs and Value of business acquired | — | | | — | | | 115.7 | | | — | | | 115.7 | |
|
Interest expense | 37.6 | | | 11 | | | 1.4 | | | (2.5 | ) | | 47.5 | |
|
Operating expenses related to consolidated investment entities: | | | | | | | | | |
Interest expense | — | | | — | | | 49.5 | | | — | | | 49.5 | |
|
Other expense | — | | | — | | | 2.9 | | | — | | | 2.9 | |
|
Total benefits and expenses | 38.4 | | | 11.1 | | | 2,232.80 | | | (3.2 | ) | | 2,279.10 | |
|
Income (loss) before income taxes | (38.0 | ) | | (10.1 | ) | | 467.1 | | | — | | | 419 | |
|
Income tax expense (benefit) | — | | | (2.0 | ) | | 11 | | | (2.9 | ) | | 6.1 | |
|
Net income (loss) before equity in earnings (losses) of unconsolidated affiliates | (38.0 | ) | | (8.1 | ) | | 456.1 | | | 2.9 | | | 412.9 | |
|
Equity in earnings (losses) of subsidiaries, net of tax | 284.3 | | | 123.9 | | | — | | | (408.2 | ) | | — | |
|
Net income (loss) including noncontrolling interest | 246.3 | | | 115.8 | | | 456.1 | | | (405.3 | ) | | 412.9 | |
|
Less: Net income (loss) attributable to noncontrolling interest | — | | | — | | | 166.6 | | | — | | | 166.6 | |
|
Net income (loss) available to Voya Financial, Inc.'s common shareholders | $ | 246.3 | | | $ | 115.8 | | | $ | 289.5 | | | $ | (405.3 | ) | | $ | 246.3 | |
|
|
|
Condensed Consolidating Statement of Operations |
For the Six Months Ended June 30, 2014 |
|
| | | | | | | | | | | | | | | | | | | |
| Parent Issuer | | Subsidiary Guarantor | | Non-Guarantor Subsidiaries | | Consolidating Adjustments | | Consolidated |
Revenues: | | | | | | | | | |
Net investment income | $ | 7.1 | | | $ | 0.1 | | | $ | 2,263.10 | | | $ | (3.8 | ) | | $ | 2,266.50 | |
|
Fee income | — | | | — | | | 1,829.10 | | | — | | | 1,829.10 | |
|
Premiums | — | | | — | | | 1,230.30 | | | — | | | 1,230.30 | |
|
Net realized gains (losses): | | | | | | | | | |
Total other-than-temporary impairments | — | | | — | | | (5.9 | ) | | — | | | (5.9 | ) |
|
Less: Portion of other-than-temporary impairments recognized in Other comprehensive income (loss) | — | | | — | | | (0.1 | ) | | — | | | (0.1 | ) |
|
Net other-than-temporary impairments recognized in earnings | — | | | — | | | (5.8 | ) | | — | | | (5.8 | ) |
|
Other net realized capital gains (losses) | (4.8 | ) | | 0.7 | | | (547.2 | ) | | — | | | (551.3 | ) |
|
Total net realized capital gains (losses) | (4.8 | ) | | 0.7 | | | (553.0 | ) | | — | | | (557.1 | ) |
|
Other revenue | 1.6 | | | 0.2 | | | 215.6 | | | (1.6 | ) | | 215.8 | |
|
Income (loss) related to consolidated investment entities: | | | | | | | | | |
Net investment income (loss) | — | | | — | | | 382 | | | — | | | 382 | |
|
Changes in fair value related to collateralized loan obligations | — | | | — | | | 2.4 | | | — | | | 2.4 | |
|
Total revenues | 3.9 | | | 1 | | | 5,369.50 | | | (5.4 | ) | | 5,369.00 | |
|
Benefits and expenses: | | | | | | | | | |
Policyholder benefits | — | | | — | | | 1,676.20 | | | — | | | 1,676.20 | |
|
Interest credited to contract owner account balance | — | | | — | | | 987.1 | | | — | | | 987.1 | |
|
Operating expenses | 2.3 | | | 0.1 | | | 1,547.00 | | | (1.6 | ) | | 1,547.80 | |
|
Net amortization of Deferred policy acquisition costs and Value of business acquired | — | | | — | | | 241.8 | | | — | | | 241.8 | |
|
Interest expense | 74.8 | | | 21.5 | | | 2.6 | | | (3.8 | ) | | 95.1 | |
|
Operating expenses related to consolidated investment entities: | | | | | | | | | |
Interest expense | — | | | — | | | 95.7 | | | — | | | 95.7 | |
|
Other expense | — | | | — | | | 4 | | | — | | | 4 | |
|
Total benefits and expenses | 77.1 | | | 21.6 | | | 4,554.40 | | | (5.4 | ) | | 4,647.70 | |
|
Income (loss) before income taxes | (73.2 | ) | | (20.6 | ) | | 815.1 | | | — | | | 721.3 | |
|
Income tax expense (benefit) | — | | | 1.3 | | | 33.1 | | | 2.4 | | | 36.8 | |
|
Net income (loss) before equity in earnings (losses) of unconsolidated affiliates | (73.2 | ) | | (21.9 | ) | | 782 | | | (2.4 | ) | | 684.5 | |
|
Equity in earnings (losses) of subsidiaries, net of tax | 577.6 | | | 138.2 | | | — | | | (715.8 | ) | | — | |
|
Net income (loss) including noncontrolling interest | 504.4 | | | 116.3 | | | 782 | | | (718.2 | ) | | 684.5 | |
|
Less: Net income (loss) attributable to noncontrolling interest | — | | | — | | | 180.1 | | | — | | | 180.1 | |
|
Net income (loss) available to Voya Financial, Inc.'s common shareholders | $ | 504.4 | | | $ | 116.3 | | | $ | 601.9 | | | $ | (718.2 | ) | | $ | 504.4 | |
|
Condensed Consolidating Statement of Operations |
For the Three Months Ended June 30, 2013 |
|
| | | | | | | | | | | | | | | | | | | |
| Parent Issuer | | Subsidiary Guarantor | | Non-Guarantor Subsidiaries | | Consolidating Adjustments | | Consolidated |
Revenues: | | | | | | | | | |
Net investment income | $ | 0.2 | | | $ | — | | | $ | 1,112.60 | | | $ | (0.6 | ) | | $ | 1,112.20 | |
|
Fee income | — | | | — | | | 909.7 | | | — | | | 909.7 | |
|
Premiums | — | | | — | | | 474.8 | | | — | | | 474.8 | |
|
Net realized gains (losses): | | | | | | | | | |
Total other-than-temporary impairments | — | | | — | | | (9.7 | ) | | — | | | (9.7 | ) |
|
Less: Portion of other-than-temporary impairments recognized in Other comprehensive income (loss) | — | | | — | | | (2.5 | ) | | — | | | (2.5 | ) |
|
Net other-than-temporary impairments recognized in earnings | — | | | — | | | (7.2 | ) | | — | | | (7.2 | ) |
|
Other net realized capital gains (losses) | — | | | — | | | (558.7 | ) | | — | | | (558.7 | ) |
|
Total net realized capital gains (losses) | — | | | — | | | (565.9 | ) | | — | | | (565.9 | ) |
|
Other revenue | 0.7 | | | — | | | 107.7 | | | (2.3 | ) | | 106.1 | |
|
Income (loss) related to consolidated investment entities: | | | | | | | | | |
Net investment income (loss) | — | | | — | | | 166.8 | | | — | | | 166.8 | |
|
Changes in fair value related to collateralized loan obligations | — | | | — | | | (63.1 | ) | | — | | | (63.1 | ) |
|
Total revenues | 0.9 | | | — | | | 2,142.60 | | | (2.9 | ) | | 2,140.60 | |
|
Benefits and expenses: | | | | | | | | | |
Policyholder benefits | — | | | — | | | 711 | | | — | | | 711 | |
|
Interest credited to contract owner account balance | — | | | — | | | 518.9 | | | — | | | 518.9 | |
|
Operating expenses | 4.2 | | | — | | | 768.3 | | | (2.3 | ) | | 770.2 | |
|
Net amortization of Deferred policy acquisition costs and Value of business acquired | — | | | — | | | 124.5 | | | — | | | 124.5 | |
|
Interest expense | 28.9 | | | 14.3 | | | 1.2 | | | (0.6 | ) | | 43.8 | |
|
Operating expenses related to consolidated investment entities: | | | | | | | | | |
Interest expense | — | | | — | | | 43.4 | | | — | | | 43.4 | |
|
Other expense | — | | | — | | | 4 | | | — | | | 4 | |
|
Total benefits and expenses | 33.1 | | | 14.3 | | | 2,171.30 | | | (2.9 | ) | | 2,215.80 | |
|
Income (loss) before income taxes | (32.2 | ) | | (14.3 | ) | | (28.7 | ) | | — | | | (75.2 | ) |
|
Income tax expense (benefit) | (1.5 | ) | | 2.8 | | | 8.8 | | | — | | | 10.1 | |
|
Net income (loss) before equity in earnings (losses) of unconsolidated affiliates | (30.7 | ) | | (17.1 | ) | | (37.5 | ) | | — | | | (85.3 | ) |
|
Equity in earnings (losses) of subsidiaries, net of tax | (51.5 | ) | | 575.4 | | | — | | | (523.9 | ) | | — | |
|
Net income (loss) including noncontrolling interest | (82.2 | ) | | 558.3 | | | (37.5 | ) | | (523.9 | ) | | (85.3 | ) |
|
Less: Net income (loss) attributable to noncontrolling interest | — | | | — | | | (3.1 | ) | | — | | | (3.1 | ) |
|
Net income (loss) available to Voya Financial, Inc.'s common shareholders | $ | (82.2 | ) | | $ | 558.3 | | | $ | (34.4 | ) | | $ | (523.9 | ) | | $ | (82.2 | ) |
|
|
|
Condensed Consolidating Statement of Operations |
For the Six Months Ended June 30, 2013 |
|
| | | | | | | | | | | | | | | | | | | |
| Parent Issuer | | Subsidiary Guarantor | | Non-Guarantor Subsidiaries | | Consolidating Adjustments | | Consolidated |
Revenues: | | | | | | | | | |
Net investment income | $ | 25.2 | | | $ | 0.1 | | | $ | 2,286.90 | | | $ | (1.3 | ) | | $ | 2,310.90 | |
|
Fee income | — | | | — | | | 1,801.60 | | | — | | | 1,801.60 | |
|
Premiums | — | | | — | | | 946.7 | | | — | | | 946.7 | |
|
Net realized gains (losses): | | | | | | | | | |
Total other-than-temporary impairments | — | | | — | | | (21.3 | ) | | — | | | (21.3 | ) |
|
Less: Portion of other-than-temporary impairments recognized in Other comprehensive income (loss) | — | | | — | | | (3.1 | ) | | — | | | (3.1 | ) |
|
Net other-than-temporary impairments recognized in earnings | — | | | — | | | (18.2 | ) | | — | | | (18.2 | ) |
|
Other net realized capital gains (losses) | — | | | — | | | (1,422.5 | ) | | — | | | (1,422.5 | ) |
|
Total net realized capital gains (losses) | — | | | — | | | (1,440.7 | ) | | — | | | (1,440.7 | ) |
|
Other revenue | 2.8 | | | 0.3 | | | 203.8 | | | (5.2 | ) | | 201.7 | |
|
Income (loss) related to consolidated investment entities: | | | | | | | | | |
Net investment income (loss) | — | | | — | | | 211 | | | — | | | 211 | |
|
Changes in fair value related to collateralized loan obligations | — | | | — | | | (72.0 | ) | | — | | | (72.0 | ) |
|
Total revenues | 28 | | | 0.4 | | | 3,937.30 | | | (6.5 | ) | | 3,959.20 | |
|
Benefits and expenses: | | | | | | | | | |
Policyholder benefits | — | | | — | | | 1,251.50 | | | — | | | 1,251.50 | |
|
Interest credited to contract owner account balance | — | | | — | | | 1,039.80 | | | — | | | 1,039.80 | |
|
Operating expenses | 6.9 | | | — | | | 1,527.60 | | | (5.2 | ) | | 1,529.30 | |
|
Net amortization of Deferred policy acquisition costs and Value of business acquired | — | | | — | | | 255 | | | — | | | 255 | |
|
Interest expense | 56.3 | | | 29.8 | | | 3.4 | | | (1.3 | ) | | 88.2 | |
|
Operating expenses related to consolidated investment entities: | | | | | | | | | |
Interest expense | — | | | — | | | 80.2 | | | — | | | 80.2 | |
|
Other expense | — | | | — | | | 4.7 | | | — | | | 4.7 | |
|
Total benefits and expenses | 63.2 | | | 29.8 | | | 4,162.20 | | | (6.5 | ) | | 4,248.70 | |
|
Income (loss) before income taxes | (35.2 | ) | | (29.4 | ) | | (224.9 | ) | | — | | | (289.5 | ) |
|
Income tax expense (benefit) | (3.5 | ) | | (2.9 | ) | | 27.7 | | | — | | | 21.3 | |
|
Net income (loss) before equity in earnings (losses) of unconsolidated affiliates | (31.7 | ) | | (26.5 | ) | | (252.6 | ) | | — | | | (310.8 | ) |
|
Equity in earnings (losses) of subsidiaries, net of tax | (262.5 | ) | | 356 | | | — | | | (93.5 | ) | | — | |
|
Net income (loss) including noncontrolling interest | (294.2 | ) | | 329.5 | | | (252.6 | ) | | (93.5 | ) | | (310.8 | ) |
|
Less: Net income (loss) attributable to noncontrolling interest | — | | | — | | | (16.6 | ) | | — | | | (16.6 | ) |
|
Net income (loss) available to Voya Financial, Inc.'s common shareholders | $ | (294.2 | ) | | $ | 329.5 | | | $ | (236.0 | ) | | $ | (93.5 | ) | | $ | (294.2 | ) |
|
Schedule of Condensed Consolidating Statement of Comprehensive Income | ' |
Condensed Consolidating Statement of Comprehensive Income |
For the Three Months Ended June 30, 2014 |
|
| | | | | | | | | | | | | | | | | | | |
| Parent Issuer | | Subsidiary Guarantor | | Non-Guarantor Subsidiaries | | Consolidating Adjustments | | Consolidated |
Net income (loss) including noncontrolling interest | $ | 246.3 | | | $ | 115.8 | | | $ | 456.1 | | | $ | (405.3 | ) | | $ | 412.9 | |
|
Other comprehensive income (loss), before tax: | | | | | | | | | |
Unrealized gains (losses) on securities | 879.1 | | | 616.1 | | | 880 | | | (1,496.1 | ) | | 879.1 | |
|
Other-than-temporary impairments | 8.7 | | | 6.3 | | | 8.7 | | | (15.0 | ) | | 8.7 | |
|
Pension and other postretirement benefits liability | (3.5 | ) | | (0.8 | ) | | (3.5 | ) | | 4.3 | | | (3.5 | ) |
|
Other comprehensive income (loss), before tax | 884.3 | | | 621.6 | | | 885.2 | | | (1,506.8 | ) | | 884.3 | |
|
Income tax expense (benefit) related to items of other comprehensive income (loss) | 309.1 | | | 217.2 | | | 309.5 | | | (526.7 | ) | | 309.1 | |
|
Other comprehensive income (loss), after tax | 575.2 | | | 404.4 | | | 575.7 | | | (980.1 | ) | | 575.2 | |
|
Comprehensive income (loss) | 821.5 | | | 520.2 | | | 1,031.80 | | | (1,385.4 | ) | | 988.1 | |
|
Less: Comprehensive income (loss) attributable to the noncontrolling interest | — | | | — | | | 166.6 | | | — | | | 166.6 | |
|
Comprehensive income (loss) attributable to Voya Financial, Inc.'s common shareholders | $ | 821.5 | | | $ | 520.2 | | | $ | 865.2 | | | $ | (1,385.4 | ) | | $ | 821.5 | |
|
|
|
Condensed Consolidating Statement of Comprehensive Income |
For the Six Months Ended June 30, 2014 |
|
| | | | | | | | | | | | | | | | | | | |
| Parent Issuer | | Subsidiary Guarantor | | Non-Guarantor Subsidiaries | | Consolidating Adjustments | | Consolidated |
Net income (loss) including noncontrolling interest | $ | 504.4 | | | $ | 116.3 | | | $ | 782 | | | $ | (718.2 | ) | | $ | 684.5 | |
|
Other comprehensive income (loss), before tax: | | | | | | | | | |
Unrealized gains (losses) on securities | 1,989.20 | | | 1,383.80 | | | 1,993.20 | | | (3,377.0 | ) | | 1,989.20 | |
|
Other-than-temporary impairments | 24.3 | | | 19.5 | | | 24.3 | | | (43.8 | ) | | 24.3 | |
|
Pension and other postretirement benefits liability | (6.9 | ) | | (1.6 | ) | | (6.9 | ) | | 8.5 | | | (6.9 | ) |
|
Other comprehensive income (loss), before tax | 2,006.60 | | | 1,401.70 | | | 2,010.60 | | | (3,412.3 | ) | | 2,006.60 | |
|
Income tax expense (benefit) related to items of other comprehensive income (loss) | 703 | | | 491.3 | | | 703 | | | (1,194.3 | ) | | 703 | |
|
Other comprehensive income (loss), after tax | 1,303.60 | | | 910.4 | | | 1,307.60 | | | (2,218.0 | ) | | 1,303.60 | |
|
Comprehensive income (loss) | 1,808.00 | | | 1,026.70 | | | 2,089.60 | | | (2,936.2 | ) | | 1,988.10 | |
|
Less: Comprehensive income (loss) attributable to the noncontrolling interest | — | | | — | | | 180.1 | | | — | | | 180.1 | |
|
Comprehensive income (loss) attributable to Voya Financial, Inc.'s common shareholders | $ | 1,808.00 | | | $ | 1,026.70 | | | $ | 1,909.50 | | | $ | (2,936.2 | ) | | $ | 1,808.00 | |
|
|
Condensed Consolidating Statement of Comprehensive Income |
For the Three Months Ended June 30, 2013 |
|
| | | | | | | | | | | | | | | | | | | |
| Parent Issuer | | Subsidiary Guarantor | | Non-Guarantor Subsidiaries | | Consolidating Adjustments | | Consolidated |
Net income (loss) including noncontrolling interest | $ | (82.2 | ) | | $ | 558.3 | | | $ | (37.5 | ) | | $ | (523.9 | ) | | $ | (85.3 | ) |
|
Other comprehensive income (loss), before tax: | | | | | | | | | |
Unrealized gains (losses) on securities | (2,110.3 | ) | | (1,521.2 | ) | | (2,111.7 | ) | | 3,632.90 | | | (2,110.3 | ) |
|
Other-than-temporary impairments | 20.4 | | | 9.5 | | | 20.4 | | | (29.9 | ) | | 20.4 | |
|
Pension and other postretirement benefits liability | (3.4 | ) | | (0.8 | ) | | (3.5 | ) | | 4.3 | | | (3.4 | ) |
|
Other comprehensive income (loss), before tax | (2,093.3 | ) | | (1,512.5 | ) | | (2,094.8 | ) | | 3,607.30 | | | (2,093.3 | ) |
|
Income tax expense (benefit) related to items of other comprehensive income (loss) | (728.3 | ) | | (525.0 | ) | | (728.8 | ) | | 1,253.80 | | | (728.3 | ) |
|
Other comprehensive income (loss), after tax | (1,365.0 | ) | | (987.5 | ) | | (1,366.0 | ) | | 2,353.50 | | | (1,365.0 | ) |
|
Comprehensive income (loss) | (1,447.2 | ) | | (429.2 | ) | | (1,403.5 | ) | | 1,829.60 | | | (1,450.3 | ) |
|
Less: Comprehensive income (loss) attributable to the noncontrolling interest | — | | | — | | | (3.1 | ) | | — | | | (3.1 | ) |
|
Comprehensive income (loss) attributable to Voya Financial, Inc.'s common shareholder | $ | (1,447.2 | ) | | $ | (429.2 | ) | | $ | (1,400.4 | ) | | $ | 1,829.60 | | | $ | (1,447.2 | ) |
|
Condensed Consolidating Statement of Comprehensive Income |
For the Six Months Ended June 30, 2013 |
|
| | | | | | | | | | | | | | | | | | | |
| Parent Issuer | | Subsidiary Guarantor | | Non-Guarantor Subsidiaries | | Consolidating Adjustments | | Consolidated |
Net income (loss) including noncontrolling interest | $ | (294.2 | ) | | $ | 329.5 | | | $ | (252.6 | ) | | $ | (93.5 | ) | | $ | (310.8 | ) |
|
Other comprehensive income (loss), before tax: | | | | | | | | | |
Unrealized gains (losses) on securities | (2,510.2 | ) | | (1,658.2 | ) | | (2,509.5 | ) | | 4,167.70 | | | (2,510.2 | ) |
|
Other-than-temporary impairments | 31.3 | | | 16.4 | | | 31.3 | | | (47.7 | ) | | 31.3 | |
|
Pension and other postretirement benefits liability | (6.9 | ) | | (1.6 | ) | | (6.9 | ) | | 8.5 | | | (6.9 | ) |
|
Other comprehensive income (loss), before tax | (2,485.8 | ) | | (1,643.4 | ) | | (2,485.1 | ) | | 4,128.50 | | | (2,485.8 | ) |
|
Income tax expense (benefit) related to items of other comprehensive income (loss) | (862.9 | ) | | (569.9 | ) | | (862.6 | ) | | 1,432.50 | | | (862.9 | ) |
|
Other comprehensive income (loss), after tax | (1,622.9 | ) | | (1,073.5 | ) | | (1,622.5 | ) | | 2,696.00 | | | (1,622.9 | ) |
|
Comprehensive income (loss) | (1,917.1 | ) | | (744.0 | ) | | (1,875.1 | ) | | 2,602.50 | | | (1,933.7 | ) |
|
Less: Comprehensive income (loss) attributable to the noncontrolling interest | — | | | — | | | (16.6 | ) | | — | | | (16.6 | ) |
|
Comprehensive income (loss) attributable to Voya Financial, Inc.'s common shareholder | $ | (1,917.1 | ) | | $ | (744.0 | ) | | $ | (1,858.5 | ) | | $ | 2,602.50 | | | $ | (1,917.1 | ) |
|
Schedule of Condensed Consolidating Statement of Cash Flows | ' |
|
| | | | | | | | | | | | | | | | | | | |
Condensed Consolidating Statement of Cash Flows |
For the Six Months Ended June 30, 2014 |
| Parent Issuer | | Subsidiary Guarantor | | Non-Guarantor Subsidiaries | | Consolidating Adjustments | | Consolidated |
Net cash provided by (used in) operating activities | $ | (33.0 | ) | | $ | 57.7 | | | $ | 1,868.70 | | | $ | (76.0 | ) | | $ | 1,817.40 | |
|
| | | | | | | | | |
Cash Flows from Investing Activities: | | | | | | | | | |
Proceeds from the sale, maturity, disposal or redemption of: | | | | | | | | | |
Fixed maturities | — | | | — | | | 6,095.40 | | | — | | | 6,095.40 | |
|
Equity securities, available-for-sale | 8.7 | | | 13 | | | 37.4 | | | — | | | 59.1 | |
|
Mortgage loans on real estate | — | | | — | | | 639.7 | | | — | | | 639.7 | |
|
Limited partnerships/corporations | — | | | — | | | 52 | | | — | | | 52 | |
|
Acquisition of: | | | | | | | | | |
Fixed maturities | — | | | — | | | (6,052.3 | ) | | — | | | (6,052.3 | ) |
|
Equity securities, available-for-sale | (11.7 | ) | | — | | | (1.8 | ) | | — | | | (13.5 | ) |
|
Mortgage loans on real estate | — | | | — | | | (818.6 | ) | | — | | | (818.6 | ) |
|
Limited partnerships/corporations | — | | | — | | | (170.9 | ) | | — | | | (170.9 | ) |
|
Short-term investments, net | — | | | — | | | 272.2 | | | — | | | 272.2 | |
|
Policy loans, net | — | | | — | | | 33.3 | | | — | | | 33.3 | |
|
Derivatives, net | 10.1 | | | — | | | (559.1 | ) | | — | | | (549.0 | ) |
|
Other investments, net | — | | | 0.7 | | | 24 | | | — | | | 24.7 | |
|
Sales from consolidated investments entities | — | | | — | | | 1,790.00 | | | — | | | 1,790.00 | |
|
Purchases within consolidated investment entities | — | | | — | | | (2,892.0 | ) | | — | | | (2,892.0 | ) |
|
Maturity of intercompany loans issued to subsidiaries with maturities more than three months | 0.6 | | | — | | | — | | | (0.6 | ) | | — | |
|
Net (issuance) maturity of short-term intercompany loans | (56.6 | ) | | — | | | — | | | 56.6 | | | — | |
|
Return of capital contributions and dividends from subsidiaries | 797 | | | 690 | | | — | | | (1,487.0 | ) | | — | |
|
Capital contributions to subsidiaries | (150.0 | ) | | (171.0 | ) | | — | | | 321 | | | — | |
|
Collateral received (delivered), net | — | | | — | | | 85.2 | | | — | | | 85.2 | |
|
Purchases of fixed assets, net | — | | | — | | | (18.9 | ) | | — | | | (18.9 | ) |
|
Net cash provided by (used in) investing activities | 598.1 | | | 532.7 | | | (1,484.4 | ) | | (1,110.0 | ) | | (1,463.6 | ) |
|
|
| | | | | | | | | | | | | | | | | | | |
Condensed Consolidating Statement of Cash Flows |
For the Six Months Ended June 30, 2014 |
| Parent Issuer | | Subsidiary Guarantor | | Non-Guarantor Subsidiaries | | Consolidating Adjustments | | Consolidated |
Cash Flows from Financing Activities: | | | | | | | | | |
Deposits received for investment contracts | — | | | — | | | 3,798.50 | | | — | | | 3,798.50 | |
|
Maturities and withdrawals from investment contracts | — | | | — | | | (4,505.2 | ) | | — | | | (4,505.2 | ) |
|
Debt issuance costs | (16.8 | ) | | — | | | — | | | — | | | (16.8 | ) |
|
Intercompany loans with maturities of more than three months | — | | | — | | | (0.6 | ) | | 0.6 | | | — | |
|
Net (repayments of) proceeds from short-term intercompany loans | — | | | 99.9 | | | (43.3 | ) | | (56.6 | ) | | — | |
|
Dividends to parent | — | | | — | | | (798.0 | ) | | 798 | | | — | |
|
Return of capital contributions to parent | — | | | (690.0 | ) | | (75.0 | ) | | 765 | | | — | |
|
Contributions of capital from parent | — | | | — | | | 321 | | | (321.0 | ) | | — | |
|
Borrowings of consolidated investment entities | — | | | — | | | 191 | | | — | | | 191 | |
|
Repayments of borrowings of consolidated investment entities | — | | | — | | | (38.7 | ) | | — | | | (38.7 | ) |
|
Contributions from (distributions to) participants in consolidated investment entities | — | | | — | | | 828 | | | — | | | 828 | |
|
Common stock acquired - Share repurchase | (289.4 | ) | | — | | | — | | | — | | | (289.4 | ) |
|
Share-based compensation | (14.8 | ) | | — | | | — | | | — | | | (14.8 | ) |
|
Dividends paid | (5.2 | ) | | — | | | — | | | — | | | (5.2 | ) |
|
Net cash provided by (used in) financing activities | (326.2 | ) | | (590.1 | ) | | (322.3 | ) | | 1,186.00 | | | (52.6 | ) |
|
Net increase (decrease) in cash and cash equivalents | 238.9 | | | 0.3 | | | 62 | | | — | | | 301.2 | |
|
Cash and cash equivalents, beginning of period | 640.2 | | | 1.1 | | | 2,199.50 | | | — | | | 2,840.80 | |
|
Cash and cash equivalents, end of period | $ | 879.1 | | | $ | 1.4 | | | $ | 2,261.50 | | | $ | — | | | $ | 3,142.00 | |
|
|
| | | | | | | | | | | | | | | | | | | |
Condensed Consolidating Statement of Cash Flows |
For the Six Months Ended June 30, 2013 |
| Parent Issuer | | Subsidiary Guarantor | | Non-Guarantor Subsidiaries | | Consolidating Adjustments | | Consolidated |
Net cash provided by (used in) operating activities | $ | 145.6 | | | $ | 25.7 | | | $ | 1,155.60 | | | $ | (37.0 | ) | | $ | 1,289.90 | |
|
| | | | | | | | | |
Cash Flows from Investing Activities: | | | | | | | | | |
Proceeds from the sale, maturity, disposal or redemption of: | | | | | | | | | |
Fixed maturities | — | | | — | | | 7,714.40 | | | — | | | 7,714.40 | |
|
Equity securities, available-for-sale | 6.6 | | | 13.5 | | | 11.9 | | | — | | | 32 | |
|
Mortgage loans on real estate | — | | | — | | | 790.4 | | | — | | | 790.4 | |
|
Limited partnerships/corporations | — | | | — | | | 54 | | | — | | | 54 | |
|
Acquisition of: | | | | | | | | | |
Fixed maturities | — | | | — | | | (10,478.1 | ) | | — | | | (10,478.1 | ) |
|
Equity securities, available-for-sale | (7.7 | ) | | — | | | (3.2 | ) | | — | | | (10.9 | ) |
|
Mortgage loans on real estate | — | | | — | | | (1,033.8 | ) | | — | | | (1,033.8 | ) |
|
Limited partnerships/corporations | — | | | — | | | (8.7 | ) | | — | | | (8.7 | ) |
|
Short-term investments, net | — | | | — | | | 3,586.40 | | | — | | | 3,586.40 | |
|
Policy loans, net | — | | | — | | | 55.4 | | | — | | | 55.4 | |
|
Derivatives, net | — | | | — | | | (1,293.4 | ) | | — | | | (1,293.4 | ) |
|
Other investments, net | — | | | — | | | 11.5 | | | — | | | 11.5 | |
|
Sales from consolidated investments entities | — | | | — | | | 1,508.90 | | | — | | | 1,508.90 | |
|
Purchases within consolidated investment entities | — | | | — | | | (2,027.2 | ) | | — | | | (2,027.2 | ) |
|
Maturity of intercompany loans issued to subsidiaries with maturities more than three months | 1.8 | | | — | | | — | | | (1.8 | ) | | — | |
|
Net maturity (issuance) of short-term intercompany loans | (58.5 | ) | | 30.8 | | | (18.0 | ) | | 45.7 | | | — | |
|
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 | | | — | | | (799.7 | ) | | — | | | (787.0 | ) |
|
Purchases of fixed assets, net | — | | | — | | | (15.1 | ) | | — | | | (15.1 | ) |
|
Net cash provided by (used in) investing activities | (673.1 | ) | | 1,031.30 | | | (1,944.3 | ) | | (315.1 | ) | | (1,901.2 | ) |
|
|
| | | | | | | | | | | | | | | | | | | |
Condensed Consolidating Statement of Cash Flows |
For the Six Months Ended June 30, 2013 |
| Parent Issuer | | Subsidiary Guarantor | | Non-Guarantor Subsidiaries | | Consolidating Adjustments | | Consolidated |
Cash Flows from Financing Activities: | | | | | | | | | |
Deposits received for investment contracts | — | | | — | | | 5,917.20 | | | — | | | 5,917.20 | |
|
Maturities and withdrawals from investment contracts | — | | | — | | | (6,226.0 | ) | | — | | | (6,226.0 | ) |
|
Proceeds from issuance of debt with maturities of more than three months | 1,748.40 | | | — | | | 0.5 | | | — | | | 1,748.90 | |
|
Repayment of debt with maturities of more than three months | (1,370.3 | ) | | (350.0 | ) | | (688.4 | ) | | — | | | (2,408.7 | ) |
|
Short-term debt, net | (171.6 | ) | | — | | | — | | | — | | | (171.6 | ) |
|
Debt issuance costs | (19.6 | ) | | — | | | — | | | — | | | (19.6 | ) |
|
Intercompany loans with maturities of more than three months | — | | | — | | | (1.8 | ) | | 1.8 | | | — | |
|
Net (repayments of) proceeds from short-term intercompany loans | (12.8 | ) | | — | | | 58.5 | | | (45.7 | ) | | — | |
|
Dividends to parent | — | | | — | | | (37.0 | ) | | 37 | | | — | |
|
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 | — | | | — | | | 27.7 | | | — | | | 27.7 | |
|
Repayments of borrowings of consolidated investment entities | — | | | — | | | (7.8 | ) | | — | | | (7.8 | ) |
|
Contributions from (distributions to) participants in consolidated investment entities | — | | | — | | | 942.2 | | | — | | | 942.2 | |
|
Proceeds from issuance of common stock, net | 572 | | | — | | | — | | | — | | | 572 | |
|
Net cash provided by (used in) financing activities | 746.1 | | | (1,057.0 | ) | | 333.1 | | | 352.1 | | | 374.3 | |
|
Net increase (decrease) in cash and cash equivalents | 218.6 | | | — | | | (455.6 | ) | | — | | | (237.0 | ) |
|
Cash and cash equivalents, beginning of period | 357.5 | | | 0.4 | | | 1,428.90 | | | — | | | 1,786.80 | |
|
Cash and cash equivalents, end of period | $ | 576.1 | | | $ | 0.4 | | | $ | 973.3 | | | $ | — | | | $ | 1,549.80 | |
|
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