Voya 2013 Annual Report Download - page 125

Results of Operations—Company Consolidated
The following table summarizes the consolidated financial information for the periods indicated:
Years Ended December 31,
($ in millions) 2013 2012 2011
Revenues:
Net investment income ............................ $4,689.0 $ 4,697.9 $ 4,968.8
Fee income ..................................... 3,666.3 3,515.4 3,603.6
Premiums ....................................... 1,956.3 1,861.1 1,770.0
Net realized capital gains (losses) .................... (2,534.8) (1,280.8) (1,531.4)
Other revenue ................................... 433.0 378.5 428.2
Income (loss) related to consolidated investment entities:
Net investment income ........................ 545.2 556.6 528.4
Changes in fair value related to collateralized loan
obligations ................................ 3.5 (113.4) (48.8)
Total revenues ....................................... 8,758.5 9,615.3 9,718.8
Benefits and expenses:
Interest credited and other benefits to contract owners/
policyholders .................................. 4,497.8 4,861.6 5,742.0
Operating expenses ............................... 2,686.7 3,155.0 3,030.8
Net amortization of deferred policy acquisition costs and
value of business acquired ....................... 442.8 722.3 387.0
Interest expense .................................. 184.8 153.7 139.3
Operating expenses related to consolidated investment
entities:
Interest expense .............................. 180.6 106.4 68.4
Other expense ............................... 7.7 10.3 73.5
Total benefits and expenses ............................ 8,000.4 9,009.3 9,441.0
Income (loss) before income taxes ....................... 758.1 606.0 277.8
Income tax expense (benefit) ........................... (32.5) (5.2) 175.0
Net income (loss) .................................... 790.6 611.2 102.8
Less: Net income (loss) attributable to noncontrolling
interest ....................................... 190.1 138.2 190.9
Net income (loss) available to our common shareholders ..... $ 600.5 $ 473.0 $ (88.1)
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