Voya 2013 Annual Report Download - page 269

ING U.S., Inc.
Notes to the Consolidated Financial Statements
(Dollar amounts in millions, unless otherwise stated)
Unrealized Capital Losses
Unrealized capital losses (including noncredit impairments), along with the fair value of fixed maturity securities,
including securities pledged, by market sector and duration were as follows as of December 31, 2013:
Six Months or Less
Below Amortized
Cost
More Than Six
Months and Twelve
Months or Less
Below Amortized Cost
More Than Twelve
Months Below
Amortized Cost Total
Fair
Value
Unrealized
Capital
Losses
Fair
Value
Unrealized
Capital
Losses
Fair
Value
Unrealized
Capital
Losses
Fair
Value
Unrealized
Capital
Losses
2013
U.S. Treasuries ............ $1,559.5 $ 24.3 $ 1,087.6 $ 52.6 $ 41.9 $ 9.9 $ 2,689.0 $ 86.8
U.S. Government agencies and
authorities .............. 9.5 — * 55.9 1.4 — — 65.4 1.4
U.S. corporate, state and
municipalities ........... 3,524.9 78.5 6,893.9 519.6 821.9 109.6 11,240.7 707.7
Foreign .................. 1,133.6 16.0 2,447.8 184.3 179.1 18.4 3,760.5 218.7
Residential
mortgage-backed ......... 919.1 8.3 1,019.6 40.6 377.9 31.5 2,316.6 80.4
Commercial
mortgage-backed ......... 235.8 3.3 — — 6.2 0.2 242.0 3.5
Other asset-backed ......... 150.6 0.9 105.5 1.5 299.3 35.6 555.4 38.0
Total .................... $7,533.0 $131.3 $11,610.3 $800.0 $1,726.3 $205.2 $20,869.6 $1,136.5
* Less than $0.1
Unrealized capital losses (including noncredit impairments), along with the fair value of fixed maturity securities,
including securities pledged, by market sector and duration were as follows as of December 31, 2012:
Six Months or Less
Below Amortized
Cost
More Than Six
Months and Twelve
Months or Less
Below Amortized Cost
More Than Twelve
Months Below
Amortized Cost Total
Fair
Value
Unrealized
Capital
Losses Fair Value
Unrealized
Capital
Losses
Fair
Value
Unrealized
Capital
Losses
Fair
Value
Unrealized
Capital
Losses
2012
U.S. Treasuries .............. $ 451.2 $ 1.8 $ — $ — $ — $ — $ 451.2 $ 1.8
U.S. Government agencies and
authorities ................ — — — — — — — —
U.S. corporate, state and
municipalities ............. 1,333.4 19.2 116.5 3.0 231.2 26.6 1,681.1 48.8
Foreign .................... 360.2 12.7 59.8 7.4 314.9 39.2 734.9 59.3
Residential mortgage-backed . . . 369.3 6.4 42.0 2.1 585.1 78.2 996.4 86.7
Commercial
mortgage-backed .......... 22.0 0.2 15.3 1.7 44.4 4.2 81.7 6.1
Other asset-backed ........... 70.2 — * 7.0 1.2 609.2 88.8 686.4 90.0
Total ...................... $2,606.3 $40.3 $240.6 $15.4 $1,784.8 $237.0 $4,631.7 $292.7
* Less than $0.1
Of the unrealized capital losses aged more than twelve months, the average market value of the related fixed
maturities was 89.4% and 88.3% of the average book value as of December 31, 2013 and 2012, respectively.
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