Voya 2013 Annual Report Download - page 393

ING U.S., Inc.
Notes to the Consolidated Financial Statements
(Dollar amounts in millions, unless otherwise stated)
22. Selected Consolidated Unaudited Quarterly Financial Data
The unaudited quarterly results of operations for 2013 and 2012 are summarized in the table below:
Three Months Ended,
March 31, June 30, September 30, December 31,
($ in millions, except per share amounts)
2013
Total revenues ...................................... $1,818.6 $2,140.6 $2,435.3 $2,364.0
Total benefits and expenses ........................... 2,032.9 2,215.8 2,015.3 1,736.4
Income (loss) before income taxes ...................... (214.3) (75.2) 420.0 627.6
Net income (loss) ................................... (225.5) (85.3) 447.7 653.7
Less: Net income (loss) attributable to noncontrolling
interest .......................................... (13.5) (3.1) 101.1 105.6
Net income (loss) available to ING U.S., Inc.’s common
shareholders ..................................... (212.0) (82.2) 346.6 548.1
Earnings Per Share(1)
Basic ............................................. $ (0.92) $ (0.33) $ 1.33 $ 2.10
Diluted ............................................ $ (0.92) $ (0.33) $ 1.32 $ 2.08
Cash dividends declared per common share ............ $ — $ — $ 0.01 $ 0.01
2012
Total revenues ...................................... $1,485.3 $3,361.9 $2,564.3 $2,203.8
Total benefits and expenses ........................... 1,998.2 2,508.8 2,190.4 2,311.9
Income (loss) before income taxes ...................... (512.9) 853.1 373.9 (108.1)
Net income (loss) ................................... (520.8) 852.1 386.8 (106.9)
Less: Net income (loss) attributable to noncontrolling
interest .......................................... (15.6) 217.7 20.3 (84.2)
Net income (loss) available to ING U.S., Inc.’s common
shareholders ..................................... (505.2) 634.4 366.5 (22.7)
Earnings Per Share(1)
Basic ............................................. $ (2.20) $ 2.76 $ 1.59 $ (0.10)
Diluted ............................................ $ (2.20) $ 2.76 $ 1.59 $ (0.10)
Cash dividends declared per common share ............ $ — $ — $ — $ —
(1) Per-share amounts give retroactive effect to the 2,295.248835-to-1 stock split effected on April 11, 2013.
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