Voya 2014 Annual Report Download - page 390

Voya Financial, Inc.
Notes to the Consolidated Financial Statements
(Dollar amounts in millions, unless otherwise stated)
The reconciliation of the beginning and ending fair value measurements for Level 3 assets and liabilities using
significant unobservable inputs for the year ended December 31, 2014 is presented in the table below:
Fair Value
as of
January 1
Gains (Losses)
Included in the
Consolidated
Statement of
Operations Purchases Sales
Transfer in
to Level 3
Transfer
out of
Level 3
Fair Value
as of
December 31
Assets
VIEs—CLO entities:
Corporate loans, at fair
value using the fair
value option .......... $ 25.5 $ 0.4 $ — $ (6.7) $ — $— $ 19.2
VOEs—Private equity funds
and single strategy hedge
funds:
Limited partnerships/
corporations, at fair
value ............... 2,734.1 332.9 384.7 (773.9) 13.9 — 2,691.7
Total assets, at fair value ...... $2,759.6 $333.3 $ 384.7 $(780.6) $13.9 $— $2,710.9
Liabilities
VIEs—CLO entities:
CLO notes, at fair value
using the fair value
option .............. $5,161.6 $ (87.5) $2,052.7 $(288.7) $ — $— $6,838.1
Total liabilities, at fair value . . . $5,161.6 $ (87.5) $2,052.7 $(288.7) $ — $— $6,838.1
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