Voya 2014 Annual Report Download - page 416

Voya Financial, Inc.
Notes to the Consolidated Financial Statements
(Dollar amounts in millions, unless otherwise stated)
22. Selected Consolidated Unaudited Quarterly Financial Data
The unaudited quarterly results of operations for 2014 and 2013 are summarized in the table below:
Three Months Ended,
March 31, June 30, September 30, December 31,
($ in millions, except per share amounts)
2014
Total revenues ...................................... $2,670.9 $2,698.1 $3,191.1 $2,510.8
Total benefits and expenses ........................... 2,368.6 2,279.1 2,636.3 3,001.7
Income (loss) before income taxes ...................... 302.3 419.0 554.8 (490.9)
Net income (loss) ................................... 271.6 412.9 517.4 1,335.5
Less: Net income (loss) attributable to noncontrolling
interest .......................................... 13.5 166.6 116.6 (59.0)
Net income (loss) available to Voya Financial, Inc.’s
common shareholders ............................. 258.1 246.3 400.8 1,394.5
Earnings Per Share
Basic ............................................. $ 0.99 $ 0.97 $ 1.59 $ 5.71
Diluted ............................................ $ 0.98 $ 0.96 $ 1.58 $ 5.66
Cash dividends declared per common share ............ $ 0.01 $ 0.01 $ 0.01 $ 0.01
2013
Total revenues ...................................... $1,818.6 $2,140.6 $2,435.3 $2,364.0
Total benefits and expenses ........................... 2,032.9 2,215.8 2,015.3 1,736.4
Income (loss) before income taxes ...................... (214.3) (75.2) 420.0 627.6
Net income (loss) ................................... (225.5) (85.3) 447.7 653.7
Less: Net income (loss) attributable to noncontrolling
interest .......................................... (13.5) (3.1) 101.1 105.6
Net income (loss) available to Voya Financial, Inc.’s
common shareholders ............................. (212.0) (82.2) 346.6 548.1
Earnings Per Share(1)
Basic ............................................. $ (0.92) $ (0.33) $ 1.33 $ 2.10
Diluted ............................................ $ (0.92) $ (0.33) $ 1.32 $ 2.08
Cash dividends declared per common share ............ $ — $ — $ 0.01 $ 0.01
(1) Per-share amounts give retroactive effect to the 2,295.248835-for-1 stock split effected on April 11, 2013.
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