Voya 2014 Annual Report Download - page 29

The three business lines which make up our ongoing business encompass five reporting segments:
Retirement Solutions. We are a leading provider of retirement services and products in the United States,
with $136.3 billion of assets under management (“AUM”) and $244.9 billion of assets under administration
(“AUA”) as of December 31, 2014. We provide an extensive product range addressing both the accumulation
and income distribution needs of customers, through a broad distribution footprint of over 2,200 affiliated
representatives and thousands of non-affiliated agents and third-party administrators (“TPAs”) as of
December 31, 2014. Our Retirement Solutions business comprises two reporting segments: Retirement and
Annuities.
•Retirement provides tax-deferred, employer-sponsored retirement savings plans and administrative
services to approximately 46,000 plan sponsors covering nearly 5 million plan participants in
corporate, education, healthcare, other non-profit and government entities as of December 31, 2014.
Retirement also provides IRAs and other retail financial products as well as comprehensive financial
advisory services to individual customers. We serve a broad spectrum of employers ranging from small
companies to the very largest corporations and government entities. Retirement had $354.5 billion of
AUM and AUA as of December 31, 2014, of which $97.7 billion was full service business, $253.6
billion was recordkeeping and stable value business and $3.2 billion was Retail Wealth Management
(formerly “Individual Markets”) business.
•Annuities provides fixed and indexed annuities, tax-qualified mutual fund custodial products and
payout annuities for pre-retirement wealth accumulation and post-retirement income management sold
through multiple channels, and had $26.7 billion of AUM as of December 31, 2014.
Investment Management. We are a prominent full-service asset manager with approximately $206.2 billion
of AUM and $52.4 billion of AUA as of December 31, 2014, delivering client-oriented investment solutions and
advisory services. We serve both individual and institutional customers, offering them domestic and international
fixed income, equity, multi-asset and alternative investment products and solutions across a range of
geographies, investment styles and capitalization spectrums.
• As of December 31, 2014, we managed $128.6 billion in our commercial business (comprising $78.8
billion for third-party institutions and individual investors, and $49.8 billion in separate account assets
for our Retirement Solutions, Insurance Solutions and Closed Block businesses) and $77.6 billion in
general account assets. We are particularly focused on growing our commercial business, in which we
achieved 2.5% organic AUM growth for the year ended December 31, 2014.
• As of December 31, 2014, 92%, 97%, and 82% of fixed income assets, and 53%, 59% , and 89% of
equity assets, outperformed benchmark or peer median returns on a 3-year, 5-year, and 10-year basis,
respectively. Our retail mutual fund portfolio assets totaled $26.7 billion as of December 31, 2014.
Insurance Solutions. We are one of the top providers of life insurance in the United States. Based on the
LIMRA survey as of September 30, 2014, for premiums sold, our term and universal life products ranked
eighteenth and nineteenth, respectively. The rankings reflect our recent focus on selling more capital efficient
products, such as accumulation focused UL. We were also the sixth ranked provider of stop loss coverage in the
United States based on annual premiums as reported by MyHealthguide in June 2014. Our Insurance Solutions
business comprises two reporting segments: Individual Life and Employee Benefits.
•Individual Life provides wealth protection and transfer opportunities through universal, variable and
term products, distributed through independent channels to meet the needs of a broad range of
customers from the middle-market through affluent market segments. As of December 31, 2014, the
Individual Life distribution model is supported by independent life sales agents (over 2,200
independent general agents with access to over 98,000 producers), strategic distribution (approximately
33 independent managing directors supporting approximately 7,500 additional producers) and specialty
markets (40 general agents with access to over 3,000 producers).
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