Voya 2014 Annual Report Download - page 287

Voya Financial, Inc.
Notes to the Consolidated Financial Statements
(Dollar amounts in millions, unless otherwise stated)
The amortized cost and fair value of fixed maturities, including securities pledged, as of December 31, 2014, are
shown below by contractual maturity. Actual maturities may differ from contractual maturities as securities may
be restructured, called or prepaid. MBS and Other ABS are shown separately because they are not due at a single
maturity date.
Amortized
Cost
Fair
Value
Due to mature:
One year or less ............................ $ 2,184.9 $ 2,218.5
After one year through five years .............. 12,518.8 13,199.4
After five years through ten years .............. 20,113.7 20,935.9
After ten years ............................. 22,454.3 25,865.5
Mortgage-backed securities .................. 9,889.0 10,845.0
Other asset-backed securities ................. 1,538.1 1,595.1
Fixed maturities, including securities pledged ........ $68,698.8 $74,659.4
The investment portfolio is monitored to maintain a diversified portfolio on an ongoing basis. Credit risk is
mitigated by monitoring concentrations by issuer, sector and geographic stratification and limiting exposure to
any one issuer.
As of December 31, 2014 and 2013, the Company did not have any investments in a single issuer, other than
obligations of the U.S. Government and government agencies, with a carrying value in excess of 10% of the
Company’s consolidated Shareholders’ equity.
The following tables set forth the composition of the U.S. and foreign corporate securities within the fixed
maturity portfolio by industry category as of the dates indicated:
Amortized
Cost
Gross
Unrealized
Capital
Gains
Gross
Unrealized
Capital
Losses
Fair
Value
December 31, 2014
Communications .......................... $ 3,934.5 $ 512.4 $ 5.7 $ 4,441.2
Financial ................................ 7,568.1 729.3 7.6 8,289.8
Industrial and other companies ............... 30,055.8 2,109.3 231.0 31,934.1
Utilities ................................. 9,046.3 959.9 19.7 9,986.5
Transportation ............................ 1,494.1 151.9 3.9 1,642.1
Total .................................... $52,098.8 $4,462.8 $267.9 $56,293.7
December 31, 2013
Communications .......................... $ 4,016.2 $ 293.0 $ 73.4 $ 4,235.8
Financial ................................ 6,640.7 566.6 72.6 7,134.7
Industrial and other companies ............... 29,303.1 1,524.5 564.5 30,263.1
Utilities ................................. 9,200.6 570.0 142.2 9,628.4
Transportation ............................ 1,467.1 84.6 30.0 1,521.7
Total .................................... $50,627.7 $3,038.7 $882.7 $52,783.7
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