Voya 2014 Annual Report Download - page 198

The following table summarizes dividends permitted to be paid by our principal insurance subsidiaries to
Voya Financial, Inc. (formerly ING U.S., Inc.) or Voya Holdings (formerly Lion Connecticut Holdings Inc.)
without the need for insurance regulatory approval for the periods presented:
Dividends Permitted without Approval
($ in millions) 2015 2014 2013
Subsidiary Name (State of domicile):
Voya Insurance and Annuity Company (IA) .................. $394.1(4) $216.3(2) $—
Voya Retirement Insurance and Annuity Company (CT) ........ 321.8(5) 371.4(3) 264.1(1)
Security Life of Denver Insurance Company (CO) ............. 111.6(6) 32.5(2) —
ReliaStar Life Insurance Company (MN) .................... 194.2(4) 194.0(2) —
(1) $264.1 million could have been paid without approval after June 26, 2013. $174.0 million was paid on
May 8, 2013 as an extraordinary distribution. $90.0 million was paid as an ordinary dividend on
December 9, 2013.
(2) These could have been paid as ordinary dividends after May 8, 2014. $32.0 million was paid as an ordinary
dividend on June 24, 2014. $409.0 million was paid as ordinary dividends on May 19, 2014.
(3) $281.4 million could have been paid as ordinary dividends after May 8, 2014. $90.0 million could have been
paid as ordinary dividends after December 9, 2014. $281.0 million was paid as an ordinary dividend on
May 19, 2014. $90.0 million was paid as an ordinary dividend on December 22, 2014.
(4) These can be paid as ordinary dividends after May 19, 2015.
(5) $231.8 million can be paid as ordinary dividends after May 19, 2015. $90.0 million can be paid as ordinary
dividends after December 22, 2015.
(6) This can be paid as ordinary dividends after June 24, 2015.
The following table summarizes dividends and return of capital distributions paid by each of the Company’s
principal insurance subsidiaries to Voya Financial, Inc. or Voya Holdings for the periods indicated:
Dividends Paid
Return of Capital
Distributions
Year Ended
December 31,
Year Ended
December 31,
($ in millions) 2014 2013 2014 2013
Subsidiary Name (State of domicile):
Voya Insurance and Annuity Company (IA)(1) ..... $216.0 $ — $— $230.0
Voya Retirement Insurance and Annuity Company
(CT)(2) ................................... 371.0 264.0 — —
Security Life of Denver Insurance Company
(CO)(3) ................................... 32.0 — — 447.0
ReliaStar Life Insurance Company (MN)(4) ........ 193.0 — — 583.0
(1) In May 2014, VIAC paid a $216.0 million ordinary dividend. Iowa Insurance Division approved VIAC’s
2013 return of capital distribution.
(2) In May 2014, VRIAC paid a $281.0 million ordinary dividend. In December 2014, VRIAC paid a $90.0
million ordinary dividend. Connecticut Insurance Department approved VRIAC’s $174.0 million
extraordinary dividend as part of the May 8, 2013 extraordinary distribution. In December 2013, VRIAC
paid a $90.0 million ordinary dividend.
(3) In June 2014, SLD paid a $32.0 million ordinary dividend. Colorado Insurance Division approved SLD’s
2013 return of capital distribution.
(4) In May 2014, RLI paid a $193.0 million ordinary dividend. Minnesota Insurance Division approved RLI’s
2013 return of surplus distribution.
On May 2, 2014, Voya Financial, Inc.’s principal insurance subsidiaries domiciled in Connecticut, Iowa and
Minnesota declared ordinary dividends in the aggregate amount of $690.0 million, which were paid on May 19,
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