Voya 2014 Annual Report Download - page 295

Voya Financial, Inc.
Notes to the Consolidated Financial Statements
(Dollar amounts in millions, unless otherwise stated)
The following table summarizes the activity in the allowance for losses for all commercial mortgage loans for the
periods indicated:
December 31, 2014 December 31, 2013
Collective valuation allowance for losses, balance at
January 1 ......................................... $3.8 $3.9
Addition to (reduction of) allowance for losses ............. (1.0) (0.1)
Collective valuation allowance for losses, end of period ...... $2.8 $3.8
The carrying values and unpaid principal balances of impaired mortgage loans were as follows as of the dates
indicated:
December 31, 2014 December 31, 2013
Impaired loans without allowances for losses ....... $72.8 $94.3
Less: Allowances for losses on impaired loans ...... — —
Impaired loans, net ........................... $72.8 $94.3
Unpaid principal balance of impaired loans ........ $75.3 $96.7
As of December 31, 2014 and 2013, the Company did not have any impaired loans with allowances for losses.
The following table presents information on impaired loans, restructured loans, loans 90 days or more past due
and loans in foreclosure as of the dates indicated:
December 31, 2014 December 31, 2013
Troubled debt restructured loans ................. $65.5 $86.6
Loans 90 days or more past due, interest no longer
accruing, at amortized cost ................... — 5.1
Unpaid principal balance of loans 90 days or more
past due, interest no longer accruing ............ — 5.1
The following table presents the aging of past due mortgage loans at carrying value as of the dates indicated:
30 days or less
past due
31 to 90 days
past due
91 to 180 days
past due
181 days or
more past due Total
As of December 31, 2014 .................. $— $— $— $— $—
As of December 31, 2013 .................. — 5.1 — — 5.1
There were no mortgage loans in the Company’s portfolio in process of foreclosure as of December 31, 2014 and
2013.
There were no loans in arrears with respect to principal and interest as of December 31, 2014. There was one
loan in arrears with respect to principal and interest as of December 31, 2013 with a total amortized cost of $5.1.
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