Voya 2014 Annual Report Download - page 285

Voya Financial, Inc.
Notes to the Consolidated Financial Statements
(Dollar amounts in millions, unless otherwise stated)
2. Investments (excluding Consolidated Investment Entities)
Fixed Maturities and Equity Securities
Available-for-sale and FVO fixed maturities and equity securities were as follows as of December 31, 2014:
Amortized
Cost
Gross
Unrealized
Capital
Gains
Gross
Unrealized
Capital
Losses
Embedded
Derivatives(2)
Fair
Value OTTI(3)
Fixed maturities:
U.S. Treasuries ................. $ 3,279.0 $ 625.9 $ 0.9 $ — $ 3,904.0 $ —
U.S. Government agencies and
authorities ................... 376.1 59.8 — — 435.9 —
State, municipalities and political
subdivisions .................. 659.5 35.4 0.5 — 694.4 —
U.S. corporate securities .......... 37,425.5 3,479.2 163.9 — 40,740.8 10.2
Foreign securities(1):
Government ................ 858.3 47.0 14.0 — 891.3 —
Other ..................... 14,673.3 983.6 104.0 — 15,552.9 —
Total foreign securities ........... 15,531.6 1,030.6 118.0 — 16,444.2 —
Residential mortgage-backed
securities:
Agency ................... 4,983.3 421.0 13.0 72.5 5,463.8 0.4
Non-Agency ............... 989.4 168.9 8.6 43.3 1,193.0 62.1
Total Residential mortgage-backed
securities .................... 5,972.7 589.9 21.6 115.8 6,656.8 62.5
Commercial mortgage-backed
securities .................... 3,916.3 273.3 1.4 — 4,188.2 6.7
Other asset-backed securities ...... 1,538.1 74.3 17.3 — 1,595.1 6.6
Total fixed maturities, including
securities pledged ............. 68,698.8 6,168.4 323.6 115.8 74,659.4 86.0
Less: Securities pledged .......... 1,089.3 109.2 13.9 — 1,184.6 —
Total fixed maturities ................ 67,609.5 6,059.2 309.7 115.8 73,474.8 86.0
Equity securities:
Common stock ................. 191.5 0.5 0.2 — 191.8 —
Preferred stock ................. 50.5 29.5 — — 80.0 —
Total equity securities ................ 242.0 30.0 0.2 — 271.8 —
Total fixed maturities and equity
securities investments .............. $67,851.5 $6,089.2 $309.9 $115.8 $73,746.6 $86.0
(1) Primarily U.S. dollar denominated.
(2) Embedded derivatives within fixed maturity securities are reported with the host investment. The changes in
fair value of embedded derivatives are reported in Other net realized capital gains (losses) in the
Consolidated Statements of Operations.
(3) Represents OTTI reported as a component of Other comprehensive income (loss).
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