Voya 2014 Annual Report Download - page 220

(1) Short-term investments include investments with remaining maturities of one year or less, but greater than 3
months, at the time of purchase.
Fixed Maturities
Total fixed maturities by market sector, including securities pledged, were as presented below as of the
dates indicated:
December 31, 2014
($ in millions) Amortized Cost % of Total Fair Value % of Total
Fixed maturities:
U.S. Treasuries ..................... $ 3,279.0 4.8% $ 3,904.0 5.2%
U.S. Government agencies and
authorities ....................... 376.1 0.5% 435.9 0.6%
State, municipalities and political
subdivisions ..................... 659.5 1.0% 694.4 0.9%
U.S. corporate securities ............. 37,425.5 54.5% 40,740.8 54.7%
Foreign securities(1) ................. 15,531.6 22.6% 16,444.2 22.0%
Residential mortgage-backed
securities ........................ 5,972.7 8.7% 6,656.8 8.9%
Commercial mortgage-backed
securities ........................ 3,916.3 5.7% 4,188.2 5.6%
Other asset-backed securities .......... 1,538.1 2.2% 1,595.1 2.1%
Total fixed maturities, including
securities pledged ................. $68,698.8 100.0% $74,659.4 100.0%
(1) Primarily U.S. dollar denominated.
December 31, 2013
($ in millions) Amortized Cost % of Total Fair Value % of Total
Fixed maturities:
U.S. Treasuries ..................... $ 5,094.0 7.3% $ 5,181.2 7.1%
U.S. Government agencies and
authorities ....................... 598.0 0.9% 618.9 0.9%
State, municipalities and political
subdivisions ..................... 272.0 0.4% 281.1 0.4%
U.S. corporate securities ............. 36,010.3 51.9% 37,478.6 51.5%
Foreign securities(1) ................. 15,661.4 22.6% 16,356.5 22.5%
Residential mortgage-backed
securities ........................ 6,480.3 9.3% 7,123.7 9.8%
Commercial mortgage-backed
securities ........................ 3,427.9 4.9% 3,752.1 5.2%
Other asset-backed securities .......... 1,883.1 2.7% 1,926.7 2.6%
Total fixed maturities, including
securities pledged ................. $69,427.0 100.0% $72,718.8 100.0%
(1) Primarily U.S. dollar denominated.
As of December 31, 2014, the average duration of our fixed maturities portfolio, including securities
pledged, is between 7.0 and 7.5 years.
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