Voya 2013 Annual Report Download - page 277

ING U.S., Inc.
Notes to the Consolidated Financial Statements
(Dollar amounts in millions, unless otherwise stated)
The following table sets forth the breakdown of mortgages by year of origination as of the dates indicated:
December 31, 2013(1) December 31, 2012(1)
Year of Origination:
2013 $2,199.8 $ —
2012 1,743.3 1,821.0
2011 1,835.9 1,940.8
2010 409.8 429.9
2009 149.5 175.1
2008 408.6 725.1
2007 and prior 2,569.1 3,574.3
Total Commercial mortgage loans $9,316.0 $8,666.2
(1) Balances do not include allowance for mortgage loan credit losses.
Evaluating Securities for Other-Than-Temporary Impairments
The Company performs a regular evaluation, on a security-by-security basis, of its available-for-sale securities
holdings, including fixed maturity securities and equity securities in accordance with its impairment policy in
order to evaluate whether such investments are other-than-temporarily impaired.
The following table identifies the Company’s credit-related and intent-related impairments included in the
Consolidated Statements of Operations, excluding impairments included in Other comprehensive income (loss)
by type for the periods indicated:
Years Ended December 31,
2013 2012 2011
Impairment
No. of
Securities Impairment
No. of
Securities Impairment
No. of
Securities
U.S. corporate $ — — $14.3 4 $ 55.2 41
Foreign(1) 5.1 1 2.2 5 71.3 61
Residential mortgage-backed 17.4 118 25.2 106 37.7 134
Commercial mortgage-backed 0.6 3 1.7 1 133.7 26
Other asset-backed 8.9 8 2.6 7 195.5 122
Equity 3.0 2 — — — —
Mortgage loans on real estate — — 7.7 2 9.3 7
Other assets(2) 0.711.41——
Total $35.7 133 $55.1 126 $502.7 391
(1) Primarily U.S. dollar denominated.
(2) Includes loss on real estate owned that is classified as Other assets on the Consolidated Balance Sheets.
The above tables include $21.2, $47.3 and $72.5 of credit impairments for the years ended December 31, 2013,
2012 and 2011, respectively, in Other-than-temporary impairments, which are recognized in the Consolidated
Statements of Operations. The remaining $14.5, $7.8 and $430.2 for the years ended December 31, 2013, 2012
and 2011, respectively, are related to intent impairments.
267