Voya 2014 Annual Report Download - page 397
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Voya Financial, Inc.
Notes to the Consolidated Financial Statements
(Dollar amounts in millions, unless otherwise stated)
The summary below reconciles Operating revenues for the segments to Total revenues for the periods indicated:
Year Ended December 31,
2014 2013 2012
Retirement Solutions:
Retirement ............................... $ 2,427.4 $2,399.4 $2,271.9
Annuities ................................ 1,353.4 1,244.6 1,307.0
Investment Management ........................ 655.4 607.7 545.5
Insurance Solutions:
Individual Life ............................ 2,717.8 2,791.9 2,793.9
Employee Benefits ........................ 1,373.0 1,262.5 1,251.2
Total Ongoing Business ........................ 8,527.0 8,306.1 8,169.5
Corporate .................................... 91.3 87.4 65.9
Closed Blocks:
Closed Block Institutional Spread Products ..... 74.1 109.1 127.2
Closed Block Other ........................ 28.6 27.7 43.8
Closed Blocks ................................ 102.7 136.8 171.0
Total operating revenues ........................ 8,721.0 8,530.3 8,406.4
Adjustments:
Closed Block Variable Annuity .............. 1,246.0 (726.2) (70.0)
Net realized investment gains (losses) and related
charges and adjustments .................. 216.7 157.4 603.4
Gain (loss) on change in fair value of derivatives
related to guaranteed benefits .............. (30.5) 104.0 83.1
Revenues related to businesses exited through
reinsurance or divestment ................. 149.3 (76.2) 64.6
Revenues attributable to noncontrolling
interest ................................ 455.0 411.2 313.8
Other adjustments to operating revenues ....... 313.4 358.0 214.0
Total revenues ................................ $11,070.9 $8,758.5 $9,615.3
Other Segment Information
The Investment Management segment revenues include the following intersegment revenues, primarily
consisting of asset-based management and administration fees for the periods indicated:
Year Ended December 31,
2014 2013 2012
Investment management intersegment revenues ........... $157.3 $157.8 $157.6
374