Voya 2014 Annual Report Download - page 298

Voya Financial, Inc.
Notes to the Consolidated Financial Statements
(Dollar amounts in millions, unless otherwise stated)
The following table sets forth the breakdown of mortgages by year of origination as of the dates indicated:
December 31, 2014(1) December 31, 2013(1)
Year of Origination:
2014 ........................ $1,940.9 $ —
2013 ........................ 2,137.5 2,199.8
2012 ........................ 1,642.8 1,743.3
2011 ........................ 1,533.5 1,835.9
2010 ........................ 251.0 409.8
2009 ........................ 85.7 149.5
2008 and prior ................. 2,205.5 2,977.7
Total Commercial mortgage loans ..... $9,796.9 $9,316.0
(1) Balances do not include collective valuation allowance for losses.
Evaluating Securities for Other-Than-Temporary Impairments
The Company performs a regular evaluation, on a security-by-security basis, of its available-for-sale securities
holdings, including fixed maturity securities and equity securities in accordance with its impairment policy in
order to evaluate whether such investments are other-than-temporarily impaired.
The following table identifies the Company’s credit-related and intent-related impairments included in the
Consolidated Statements of Operations, excluding impairments included in Other comprehensive income (loss)
by type for the periods indicated:
Year Ended December 31,
2014 2013 2012
Impairment
No. of
Securities Impairment
No. of
Securities Impairment
No. of
Securities
U.S. Treasuries ...................... $ 0.5 1 $— — $— —
U.S. corporate ...................... 14.9 42 — — 14.3 4
Foreign(1) .......................... 6.9 12 5.1 1 2.2 5
Residential mortgage-backed ........... 7.3 93 17.4 118 25.2 106
Commercial mortgage-backed .......... 0.2 7 0.6 3 1.7 1
Other asset-backed ................... 0.8 17 8.9 8 2.6 7
Equity ............................. 0.9 2 3.0 2 — —
Mortgage loans on real estate .......... — — — — 7.7 2
Other assets(2) ....................... 0.1 1 0.7 1 1.4 1
Total .............................. $31.6 175 $35.7 133 $55.1 126
(1) Primarily U.S. dollar denominated.
(2) Includes loss on real estate owned that is classified as Other assets on the Consolidated Balance Sheets.
The above tables include $7.8, $21.2 and $47.3 of write-downs related to credit impairments for the years ended
December 31, 2014, 2013 and 2012, respectively, in Other-than-temporary impairments, which are recognized in
the Consolidated Statements of Operations. The remaining $23.8, $14.5 and $7.8 for the years ended
December 31, 2014, 2013 and 2012, respectively, are related to intent impairments.
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