Voya 2014 Annual Report Download - page 432

Voya Financial, Inc.
Schedule V
Valuation and Qualifying Accounts
Years Ended December 31, 2014, 2013 and 2012
(In millions)
Balance at
January 1,
Charged to
Costs and
Expenses
Write-offs/
Payments/
Other
Balance at
December 31,
2014
Valuation allowance on deferred tax assets ............... $2,821.9 $(1,850.0) $ — $ 971.9
2013
Valuation allowance on deferred tax assets ............... $2,974.1 $ (86.6) $(65.6)(1) $2,821.9
2012
Valuation allowance on deferred tax assets ............... $2,875.0 $ 99.1 $ — $2,974.1
(1) This amount represents valuation allowances allocated to Other comprehensive income directly related to
the appreciation of the Company’s available-for-sale portfolio, and not pertaining to expectations of taxable
income in future years.
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