Voya 2013 Annual Report Download - page 276

ING U.S., Inc.
Notes to the Consolidated Financial Statements
(Dollar amounts in millions, unless otherwise stated)
The following table presents the DSC ratios as of the dates indicated:
December 31, 2013(1) December 31, 2012(1)
Debt Service Coverage Ratio: ........
Greater than 1.5x .................. $6,346.5 $5,953.7
1.25x - 1.5x ....................... 1,520.9 1,336.3
1.0x - 1.25x ....................... 980.6 992.7
Less than 1.0x ..................... 467.8 374.6
Commercial mortgage loans secured by
land or construction loans .......... 0.2 8.9
Total Commercial mortgage loans ..... $9,316.0 $8,666.2
(1) Balances do not include allowance for mortgage loan credit losses.
Properties collateralizing mortgage loans are geographically dispersed throughout the United States, as well as
diversified by property type, as reflected in the following tables as of the dates indicated:
December 31, 2013(1) December 31, 2012(1)
Gross Carrying
Value
%of
Total
Gross Carrying
Value
%of
Total
Commercial Mortgage Loans by U.S. Region: . . .
Pacific ............................... $2,281.8 24.5% $1,973.9 22.8%
South Atlantic ......................... 1,936.0 20.8% 1,687.6 19.4%
West South Central ..................... 1,122.3 12.0% 1,176.3 13.6%
Middle Atlantic ........................ 1,112.0 11.9% 1,059.5 12.2%
East North Central ..................... 1,037.5 11.1% 962.8 11.1%
Mountain ............................. 790.4 8.5% 718.2 8.3%
West North Central ..................... 517.2 5.6% 537.5 6.2%
New England ......................... 318.1 3.4% 334.6 3.9%
East South Central ..................... 200.7 2.2% 215.8 2.5%
Total Commercial mortgage loans ............. $9,316.0 100.0% $8,666.2 100.0%
(1) Balances do not include allowance for mortgage loan credit losses.
December 31, 2013(1) December 31, 2012(1)
Gross Carrying
Value
%of
Total
Gross Carrying
Value
%of
Total
Commercial Mortgage Loans by Property Type:
Retail ................................ $2,936.9 31.5% $2,350.2 27.1%
Industrial ............................. 2,848.0 30.6% 3,361.5 38.8%
Apartments ........................... 1,296.1 13.9% 952.1 11.0%
Office ............................... 1,242.2 13.3% 1,284.7 14.8%
Hotel/Motel ........................... 430.6 4.6% 280.6 3.2%
Mixed Use ........................... 184.1 2.0% 74.0 0.9%
Other ................................ 378.1 4.1% 363.1 4.2%
Total Commercial mortgage loans ............. $9,316.0 100.0% $8,666.2 100.0%
(1) Balances do not include allowance for mortgage loan credit losses.
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