Voya 2014 Annual Report Download - page 308

Voya Financial, Inc.
Notes to the Consolidated Financial Statements
(Dollar amounts in millions, unless otherwise stated)
The following table presents the Company’s hierarchy for its assets and liabilities measured at fair value on a
recurring basis as of December 31, 2014:
Level 1 Level 2 Level 3 Total
Assets:
Fixed maturities, including securities pledged:
U.S. Treasuries ............................. $ 3,262.0 $ 642.0 $ — $ 3,904.0
U.S. Government agencies and authorities ........ — 435.9 — 435.9
U.S. corporate, state and municipalities .......... — 40,352.6 1,082.6 41,435.2
Foreign(1) .................................. — 15,995.5 448.7 16,444.2
Residential mortgage-backed securities .......... — 6,562.6 94.2 6,656.8
Commercial mortgage-backed securities ......... — 4,166.2 22.0 4,188.2
Other asset-backed securities .................. — 1,585.0 10.1 1,595.1
Total fixed maturities, including securities pledged ..... 3,262.0 69,739.8 1,657.6 74,659.4
Equity securities, available-for-sale ................. 215.5 — 56.3 271.8
Derivatives:
Interest rate contracts ........................ — 1,225.0 — 1,225.0
Foreign exchange contracts .................... — 70.6 — 70.6
Equity contracts ............................. 104.7 296.6 81.8 483.1
Credit contracts ............................. — 30.9 10.0 40.9
Cash and cash equivalents, short-term investments and short-
term investments under securities loan agreements ....... 4,924.8 138.5 6.0 5,069.3
Assets held in separate accounts .................... 100,692.4 5,313.1 2.3 106,007.8
Total assets ........................................ $109,199.4 $76,814.5 $1,814.0 $187,827.9
Percentage of Level to total ............................ 58.1% 40.9% 1.0% 100.0%
Liabilities:
Derivatives:
Annuity product guarantees:
FIA .................................. $ — $ — $1,970.0 $ 1,970.0
GMAB/GMWB/GMWBL ................ — — 1,586.7 1,586.7
Stabilizer and MCGs ..................... — — 102.9 102.9
Other derivatives:
Interest rate contracts .................... — 576.6 — 576.6
Foreign exchange contracts ................ — 26.8 — 26.8
Equity contracts ......................... 8.2 201.7 — 209.9
Credit contracts ......................... — 16.3 19.7 36.0
Embedded derivatives on reinsurance ........ — 139.6 — 139.6
Total liabilities ..................................... $ 8.2 $ 961.0 $3,679.3 $ 4,648.5
(1) Primarily U.S. dollar denominated.
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