Voya 2014 Annual Report Download - page 144

The following table presents the relative contributions of each segment to Operating revenues for the
periods indicated and a reconciliation of Operating revenues to Total revenues:
Year Ended December 31,
($ in millions) 2014 2013 2012
Retirement Solutions:
Retirement ............................... $ 2,427.4 $2,399.4 $2,271.9
Annuities ................................ 1,353.4 1,244.6 1,307.0
Investment Management ........................ 655.4 607.7 545.5
Insurance Solutions:
Individual Life ............................ 2,717.8 2,791.9 2,793.9
Employee Benefits ........................ 1,373.0 1,262.5 1,251.2
Total Ongoing Business ........................ 8,527.0 8,306.1 8,169.5
Corporate ................................ 91.3 87.4 65.9
Closed Blocks:
Closed Block Institutional Spread Products ..... 74.1 109.1 127.2
Closed Block Other ........................ 28.6 27.7 43.8
Total Closed Blocks(1) .......................... 102.7 136.8 171.0
Total operating revenues ........................ 8,721.0 8,530.3 8,406.4
Adjustments:
Closed Block Variable Annuity .............. 1,246.0 (726.2) (70.0)
Net realized investment gains (losses) and related
charges and adjustments .................. 216.7 157.4 603.4
Gain (loss) on change in fair value of derivatives
related to guaranteed benefits .............. (30.5) 104.0 83.1
Revenues related to businesses exited through
reinsurance or divestment ................. 149.3 (76.2) 64.6
Revenues attributable to noncontrolling
interests ............................... 455.0 411.2 313.8
Other adjustments to operating revenues ....... 313.4 358.0 214.0
Total revenues ................................ $11,070.9 $8,758.5 $9,615.3
(1) Our CBVA segment is managed to focus on protecting regulatory and rating agency capital rather than
achieving operating metrics and, therefore, its results of operations are not reflected within Operating
revenues.
We believe the following tables will help investors better understand the components of the reconciliation
between Operating earnings before income taxes and Income (loss) before income taxes related to Net
investment gains (losses) and Net guaranteed benefits hedging gains (losses) and related charges and
adjustments.
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