Voya 2013 Annual Report Download - page 145

Our Investment Management operating segment revenues include the following intersegment revenues,
primarily consisting of asset-based management and administration fees.
Years Ended December 31,
($ in millions) 2013 2012 2011
Investment Management intersegment revenues ........... $157.8 $157.6 $164.1
The following table summarizes certain notable items that resulted in volatility in Operating earnings before
income taxes for the periods indicated:
Years Ended December 31,
($ in millions) 2013 2012 2011
Net gain from Lehman Recovery ....................... $13.2 $— $—
Gain on sale of certain alternative investments ............ — 2.2 —
The following table summarizes AUM and AUA for our Investment Management segment as of the dates
indicated:
As of December 31,
($ in millions) 2013 2012 2011
AUM:
Institutional/retail ....................
Investment Management sourced .... $ 66,362.2 $ 54,061.9 $ 49,391.5
Affiliate sourced(1) ................ 53,935.0 47,284.6 37,851.8
General account ...................... 78,988.8 80,404.8 78,878.3
Total AUM ......................... 199,286.0 181,751.3 166,121.6
AUA:
Affiliated sourced(2) ................... 58,462.8 54,695.5 58,992.4
Total AUM and AUA ..................... $257,748.8 $236,446.8 $225,114.0
(1) Affiliated sourced AUM includes assets sourced by other segments and also reported as AUM by such other
segments.
(2) Affiliated sourced AUA includes assets sourced by other segments and also reported as AUA or AUM by
such other segments.
The following table summarizes net flows for our Investment Management segment for the periods
indicated:
Years Ended December 31,
($ in millions) 2013 2012 2011
Net Flows ..............................
Investment Management sourced ............ $7,777.7 $3,939.8 $2,398.8
Affiliated sourced ........................ 978.7 5,905.7 3,303.5
Total .................................. $8,756.4 $9,845.5 $5,702.3
Investment Management—Year Ended December 31, 2013 Compared to Year Ended December 31, 2012
Operating revenues
Net investment income and net realized gains (losses) decreased $4.6 million from $41.6 million to
$37.0 million primarily due to lower alternative investment income as well as a gain on the sale of certain
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