Voya 2013 Annual Report Download - page 116

For the years ended December 31,
2013 2012 2011 2010 2009
(Unaudited)
($ in millions)
Balance Sheet Data:
Total investments ..................... $ 87,050.8 $ 95,487.6 $ 92,819.2 $ 86,886.1 $ 83,128.8
Assets held in separate accounts .......... 106,827.1 97,667.4 88,714.5 95,588.1 88,849.4
Total assets .......................... 221,023.2 216,394.2 203,572.8 204,376.5 194,621.2
Future policy benefits and contract owner
accounts ........................... 84,006.7 86,055.7 88,358.4 83,642.8 84,402.0
Short-term debt ....................... — 1,064.6 1,054.6 5,464.6 4,811.6
Long-term debt ....................... 3,514.7 3,171.1 1,343.1 2,784.0 7,001.3
Liabilities related to separate accounts ..... 106,827.1 97,667.4 88,714.5 95,588.1 88,849.4
Total ING U.S., Inc. shareholders’ equity,
excluding AOCI(2) ................... 11,423.1 10,164.2 9,758.9 5,857.5 2,310.0
Total ING U.S., Inc. shareholders’ equity . . . 13,272.2 13,874.9 12,353.9 6,830.8 967.1
Other Supplemental Data (unaudited):
Ratio of Earnings to Fixed Charges(3)(4) .... 1.27 1.20 1.06 NM NM
(1) Per-share amounts give retroactive effect to the 2,295.248835-to-1 stock split effected on April 11, 2013.
(2) Shareholders’ equity, excluding AOCI, is derived by subtracting AOCI from ING U.S., Inc. shareholders’
equity—both components of which are presented in the respective Consolidated Balance Sheets. For a
description of AOCI, see “Item 8. Note 14. Accumulated Other Comprehensive Income (Loss).” We
provide shareholders’ equity, excluding AOCI, because it is a common measure used by insurance analysts
and investment professionals in their evaluations.
(3) Earnings were insufficient to cover fixed charges at a 1:1 ratio by $39.0 million and $862.7 million for the
years ended December 31, 2010 and 2009, respectively. These ratios are presented as “NM” or not
meaningful.
(4) Interest and debt issue costs include interest costs related to variable interest entities of $180.6 million,
$106.4 million, $68.4 million, and $49.8 million for the years ended December 31, 2013, 2012, 2011 and
2010, respectively. For the year ended December 31, 2009, the Company had no interest costs related to
variable interest entities. Excluding these costs as well as the earnings of the variable interest entities would
result in a ratio of earnings to fixed charges of 1.24, 1.19, 1.04, and 1.01 for the years ended December 31,
2013, 2012, 2011 and 2010, respectively. Excluding these costs as well as the earnings of the variable
interest entities would result in a ratio of earnings to fixed charges excluding interest credited to
policyholder account balances of 3.77, 3.81, 1.69, and 1.16 for the years ended December 31, 2013, 2012,
2011 and 2010, respectively.
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