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ING LIFE INSURANCE AND ANNUITY COMPANY
and its
Variable Annuity Account C
University of Texas System Retirement Programs
Supplement dated April 28, 2008 to the Contract Prospectus, Contract Prospectus Summary and the Statement of Additional Information each dated April 28, 2008, as amended This supplement updates and amends certain information contained in your Contract Prospectus, Contract Prospectus Summary and Statement of Additional Information (SAI). Please read it carefully and keep it with your current Contract Prospectus, Contract Prospectus Summary and SAI for future reference. |
IMPORTANT INFORMATION REGARDING UPCOMING FUND LIQUIDATION |
On January 31, 2008, the Board of Trustees of ING Variable Products Trust approved a proposal to liquidate the ING VP Financial Services Portfolio. The proposed liquidation is subject to shareholder approval. If shareholder approval is obtained, it is expected that the liquidation will take place on or about September 5, 2008 (the "Closing Date"). Voluntary Transfers Before the Effective Date of the Liquidation. Anytime prior to the Closing Date you may transfer amounts that you have allocated to the subaccount that invests in the ING VP Financial Services Portfolio to any of the other available investment options. There will be no charge for any such transfer, and any such transfer will not count as a transfer when imposing any applicable restriction or limit on transfers. You may give us alternative allocation instructions at any time by contacting us at: |
ING USFS Customer Service Defined Contribution Administration P.O. Box 990063 Hartford, CT 06199-0063 1-800-262-3862 |
See also the Transfers Among Investment Options section on page 12 of your Contract Prospectus or the Investment Options section of your Contract Prospectus Summary for further information about making allocation changes. More information about the funds available through your contract, including information about the risks associated with investing in these funds, can be found in the current prospectus and SAI for that fund. You may obtain these documents by contacting us at our address and/or phone number noted above. Automatic Reallocation Upon Liquidation. After the Closing Date and our receipt of the proceeds from the liquidation of the ING VP Financial Services Portfolio, amounts that were allocated to the subaccount that invested in this portfolio will be automatically reallocated to the subaccount that invests in the ING VP Money Market Portfolio. There will be no charge for this automatic reallocation, and this automatic reallocation will not count as a transfer when imposing any applicable restriction or limit on transfers. Furthermore, you will not incur any tax liability because of this automatic reallocation, and your account value immediately before the reallocation will equal your account value immediately after the reallocation. |
X.134760-08 |
Page 1 of 2 |
April, 2008 |
Future Allocations. After the Closing Date, the subaccount that invested in the ING VP Financial Services Portfolio will no longer be available through your Contract Prospectus or Contract Prospectus Summary. Any future allocations directed to a subaccount that invested in this portfolio will be automatically allocated to the subaccount that invests in the ING VP Money Market Portfolio. Information about the ING VP Money Market Portfolio. Summary information about the ING VP Money Market Portfolio can be found in Appendix II Descriptions of Underlying Funds in your Contract Prospectus, and in the fund fact sheet for that fund. More detailed information can be found in the current prospectus and SAI for that fund. You may obtain these documents by contacting us at the address and/or phone number noted on the previous page. There will be no further disclosure regarding the ING VP Financial Services Portfolio in future Contract Prospectuses or Contract Prospectus Summaries. |
Insurance products issued by ING Life Insurance and Annuity Company. Securities offered through ING Financial Advisers, LLC (Member SIPC), One Orange Way, Windsor, CT 06095-4774, or through other Broker-Dealers with which it has a selling agreement. These companies are wholly owned, indirect subsidiaries of ING Groep N.V. Insurance obligations are the responsibility of each individual company. |
X.134760-08 |
Page 2 of 2 |
April, 2008 |
Life Insurance and Annuity Company Variable Annuity Account C
UNIVERSITY OF TEXAS SYSTEM RETIREMENT PROGRAMS
CONTRACT PROSPECTUSAPRIL 28, 2008
The Contracts. The contracts described in this prospectus are flexible premium, group, deferred combination variable and fixed annuity contracts issued by ING Life Insurance and Annuity Company (the Company, we, us our). They are intended to be used in connection with retirement arrangements qualifying for special treatment under certain sections of the Internal Revenue Code of 1986, as amended (Tax Code), including Tax Code section 403(b) (403(b) contracts), Tax Code section 415(m) (415(m) contracts), and Tax Code section 457(b) (457(b) contracts). The 403(b) contracts are available as voluntary 403(b) contracts or in connection with a 403(b) optional retirement plan (403(b) ORP contracts). The voluntary 403(b) contracts are also available as Roth 403(b) contracts. There are two versions of the contracts available for purchase: the Mentor contract and the Direct contract. The Mentor contract is designed for individuals who want help determining amounts to save and who desire education regarding their retirement plan program, and is available for enrollment through a sales representative. The Direct contract is designed for individuals who prefer group education sessions and is available for direct enrollment by participants. Why Reading this Prospectus Is Important. This prospectus contains facts about the contract and its investment options that you should know before purchasing. This information will help you decide if the contract is right for you. Please read this prospectus carefully and keep it for future reference. Table of Contents...Page 3 |
You may participate in this contract if you are an employee eligible to participate in one or more of the University of Texas System Retirement Programs under Tax Code sections 403(b), 415(m) and 457(b). Investment Options. The contracts offer variable investment options and a fixed option. When we establish your account(s), the contract holder, or you if permitted by the plan, instructs us to direct account dollars to any of the available options. Some investment options or features may be unavailable through certain contracts and plans, or in some states. Except as specifically mentioned, this prospectus describes only the variable investment options. However, we describe the fixed interest option, Fixed Plus Account II, in Appendix I to this prospectus. Variable Investment Options. These options are called subaccounts. The subaccounts are within Variable Annuity Account C, a separate account of the Company. Each subaccount invests in one of the mutual funds listed on the next page. Earnings on amounts invested in a subaccount will vary depending upon the performance of its underlying fund. You do not invest directly in or hold shares of the funds. Risks Associated with Investing in the Funds. The funds in which the subaccounts invest have various risks. Information about the risks of investing in the funds is located in the Investment Options section on page 10 and in each fund prospectus. Read this prospectus in conjunction with the fund prospectuses, and retain the prospectuses for future reference. Compensation. We pay compensation to broker-dealers whose registered representatives sell the contracts. See Contract Distribution for further information about the amount of compensation we pay. Getting Additional Information. You may obtain the April 28, 2008 Statement of Additional Information (SAI) without charge by indicating your request on your enrollment materials or calling the Company at 1-800-262-3862 or writing us at the address referenced under the Contract Overview - Questions: Contacting the Company section of the prospectus. You may also obtain an SAI for any of the funds by calling that number. This prospectus, the SAI and other information about the separate account may be obtained by accessing the Securities and Exchange Commission (SEC) website, http://www.sec.gov. Copies of this information may also be obtained, after paying a duplicating fee, by contacting the SEC Public Reference Branch. Information on the operations of the SEC Public Reference Branch may be obtained by calling 1-202-551-8090 or 1-800-SEC-0330, emailing publicinfo@sec.gov, or by writing to the SEC Public Reference Branch, 100 F Street NE, Room 1580, Washington, D.C. 20549. When looking for information regarding the contracts offered through this prospectus, you may find it useful to use the number assigned to the registration statement under the Securities Act of 1933. This number is 333-134760. The SAI table of contents is listed on page 44 of this prospectus. The SAI is incorporated into this prospectus by reference. Additional Disclosure Information. Neither the SEC nor any state securities commission has approved or disapproved the securities offered through this prospectus or passed on the accuracy or adequacy of this prospectus. Any representation to the contrary is a criminal offense. We do not intend for this prospectus to be an offer to sell or a solicitation of an offer to buy these securities in any state that does not permit their sale. We have not authorized anyone to provide you with information that is different from that contained in this prospectus. |
PRO.134760-08
CONTRACT PROSPECTUS APRIL 28, 2008 (CONTINUED)
Artisan International Fund (Investor Shares) (1)(2) | ING Solution 2015 Portfolio (S Class)(5) | |
Columbia Mid Cap Value Fund (Class A) (1)(2) | ING Solution 2025 Portfolio (S Class)(5) | |
EuroPacific Growth Fund® (Class R-4) (1) | ING Solution 2035 Portfolio (S Class)(5) | |
Fidelity® VIP Contrafund® Portfolio (Initial Class) | ING Solution 2045 Portfolio (S Class)(5) | |
Fidelity® VIP Equity-Income Portfolio (Initial Class) | ING T. Rowe Price Capital Appreciation Portfolio | |
Franklin Small Cap Value Securities Fund | (Class S) | |
(Class 2) | ING T. Rowe Price Diversified Mid Cap Growth Portfolio | |
Fundamental Investors SM (Class R-4) (1)(2) | (I Class) | |
ING AllianceBernstein Mid Cap Growth Portfolio | ING T. Rowe Price Equity Income Portfolio (Class S) | |
(Class S) | ING T. Rowe Price Growth Equity Portfolio (I Class) | |
ING American Century Small-Mid Cap Value Portfolio | ING Templeton Foreign Equity Portfolio (S Class) | |
(S Class) | ING UBS U.S. Large Cap Equity Portfolio (I Class) | |
ING Baron Asset Portfolio (S Class) | ING Van Kampen Capital Growth Portfolio (Class S) | |
ING Baron Small Cap Growth Portfolio (S Class) | ING Van Kampen Comstock Portfolio (S Class) | |
ING BlackRock Global Science and Technology Portfolio | ING Van Kampen Growth and Income Portfolio | |
(Class I)(3) | (Class S) | |
ING BlackRock Large Cap Growth Portfolio (Class S) | ING Van Kampen Real Estate Portfolio (Class S) | |
ING Davis New York Venture Portfolio (S Class) (3) | ING VP Financial Services Portfolio (Class I)(6) | |
ING Evergreen Health Sciences Portfolio (Class S) | ING VP Growth and Income Portfolio (Class S) | |
ING Evergreen Omega Portfolio (Class S) | ING VP Index Plus International Equity Portfolio (Class I) | |
ING Fidelity® VIP Mid Cap Portfolio (S Class) (4) | ING VP Index Plus LargeCap Portfolio (Class I) | |
ING FMRSM Diversified Mid Cap Portfolio (Class S)* | ING VP Index Plus MidCap Portfolio (Class I) | |
ING International Index Portfolio (Class I) (2) | ING VP Index Plus SmallCap Portfolio (Class I) | |
ING Janus Contrarian Portfolio (Class S) | ING VP Intermediate Bond Portfolio (Class I) | |
ING JPMorgan Small Cap Core Equity Portfolio (Class S) | ING VP International Value Portfolio (Class I) | |
ING JPMorgan Value Opportunities Portfolio (Class S) | ING VP Money Market Portfolio (Class I) | |
ING Julius Baer Foreign Portfolio (Class S) | ING VP Real Estate Portfolio (Class I) | |
ING Legg Mason Partners Aggressive Growth Portfolio | ING VP Strategic Allocation Conservative Portfolio (Class I)(5) | |
(I Class) | ING VP Strategic Allocation Growth Portfolio (Class I) )(5) | |
ING Legg Mason Value Portfolio (Class S) | ING VP Strategic Allocation Moderate Portfolio (Class I)(5) | |
ING Lehman Brothers U.S. Aggregate Bond Index® Portfolio | ING Wells Fargo Disciplined Value Portfolio | |
(Class I)(2) | (Class S) | |
ING Marsico Growth Portfolio (I Class ) | ING Wells Fargo Small Cap Disciplined Portfolio | |
ING Marsico International Opportunities Portfolio (Class S) | (Class S) | |
ING MFS Utilities Portfolio (Class S) | Lazard Mid Cap Portfolio (Open Shares) (1)(2)(7) | |
ING Neuberger Berman Partners Portfolio (S Class) | Loomis Sayles Small Cap Value Fund (Retail Class) (1)(2) | |
ING Oppenheimer Global Portfolio (I Class) | New Perspective Fund® (Class R-4) (1) | |
ING Oppenheimer Main Street Portfolio® (Class S) | OpCap Mid Cap Portfolio | |
ING Oppenheimer Strategic Income Portfolio (I Class) | Oppenheimer Developing Markets Fund (Class A) (1) | |
ING PIMCO High Yield Portfolio (Class S) | Pax World Balanced Fund (Individual Investor Class) (1) | |
ING Pioneer Equity Income Portfolio (Class I) | PIMCO VIT Real Return Portfolio (Administrative Class) | |
ING Pioneer Fund Portfolio (Class I) | Pioneer Emerging Markets VCT Portfolio (Class I) | |
ING Pioneer High Yield Portfolio (I Class) | RiverSource Diversified Equity Income Fund (Class R4) (1)(2) | |
ING Pioneer Mid Cap Value Portfolio (Class I) | SMALLCAP World Fund® (Class R-4) (1)(2) | |
ING Russell Large Cap Index Portfolio (Class I) (2) | Templeton Global Bond Fund (Class A) (1) | |
ING Russell Mid Cap Index Portfolio (Class I) (2) | The Bond Fund of America SM (Class R-4) (1)(2) | |
ING Russell Small Cap Index Portfolio (Class I) (2) | The Growth Fund of America® (Class R-4) (1) | |
ING Solution Growth and Income Portfolio (S Class)(2)(5) | Wanger International Small Cap (8) | |
ING Solution Growth Portfolio (S Class)(2)(5) | Wanger Select | |
ING Solution Income Portfolio (S Class)(5) | Wanger U.S. Smaller Companies (8) | |
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* FMRSM is a service mark of Fidelity Management & Research Company.
1 | This fund is available to the general public. See Investment Options -Additional Risks of Investing in the Funds. |
2 | This fund is scheduled to be available May 12, 2008. |
3 | This fund has changed its name to the name listed above. See Appendix II Description of Underlying Funds for a complete list of former and current fund names. |
4 | This fund is structured as a master-feeder fund, which invests directly in the shares of an underlying fund. See Fees-Fund Fees and Expenses for additional information. |
5 | These funds are structured as fund of funds that invest directly in shares of underlying funds. See Fees Fund Fees and Expenses for additional information. |
6 | This fund is scheduled to be liquidated into the ING VP Money Market Portfolio (Class I) on or about September 5, 2008. |
7 | Effective May 1, 2008 Lazard Mid Cap Portfolio is scheduled to change its name to Lazard U.S. Mid Cap Equity Portfolio. |
8 | Effective June 1, 2008, Wanger International Small Cap and Wanger U.S. Smaller Companies are scheduled to change their names to Wanger International and Wanger USA, respectively. |
PRO.134760-08 |
2 |
Contract Overview: | 4 | |
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Whos Who | 4 | |
The Contract and Your Retirement Plan | 4 | |
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Questions: Contacting the Company (sidebar) | 4 | |
Sending Form and Written Requests in Good Order (sidebar) | 4 | |
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Contract Facts | 5 | |
Contract Phases: The Accumulation Phase, The Income Phase | 5 | |
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Fee Table | 6 | |
Condensed Financial Information | 8 | |
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Variable Annuity Account C | 8 | |
The Company | 9 | |
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Investment Options | 10 | |
Transfers Among Investment Options | 12 | |
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Contract Purchase and Participation | 15 | |
Contract Ownership and Rights | 17 | |
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Right to Cancel | 17 | |
Fees | 18 | |
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Your Account Value | 21 | |
Withdrawals | 23 | |
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Loans | 24 | |
Systematic Distribution Options | 25 | |
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Death Benefit | 26 | |
The Income Phase | 27 | |
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Contract Distribution | 30 | |
Taxation | 33 | |
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Other Topics | 41 | |
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Performance Reporting Voting Rights Contract Modifications Legal Matters and | ||
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Proceedings Payment Delay or Suspension Transfers, Assignments or Exchanges of a | ||
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Contract Account Termination Intent to Confirm Quarterly | ||
Contents of the Statement of Additional Information | 44 | |
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Appendix I Fixed Plus Account II | 45 | |
Appendix II Description of Underlying Funds | 48 | |
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Appendix III Participant Appointment of Employer as Agent Under an Annuity Contract | 60 | |
Appendix IV Condensed Financial Information | CFI - 1 |
PRO.134760-08 | 3 |
TABLE OF CONTENTS |
Contract Overview
Questions: Contacting the Company. Contact your local representative or write or call the Company:
ING
USFS Customer Service Defined Contribution Administration P. O. Box 990063 Hartford, CT 06199-0063
1-800-262-3862
Sending Forms and Written Requests in Good Order.
If you are writing to change your beneficiary, request a withdrawal, or for any other purpose, contact your local representative or the Company to learn what information is required in order for the request to be in good order. By contacting us, we can provide you with the appropriate administrative form for your requested transaction.
Generally, a request is considered to be in good order when it is signed, dated and made with such clarity and completeness that we are not required to exercise any discretion in carrying it out.
We can only act upon written requests that are received in good order.
The following is intended as a summary. Please read each section of this prospectus for additional information.
Whos Who |
You (the participant): The individual who participates in the contract through a retirement plan.
Plan Sponsor: The sponsor of your retirement plan. Generally, your employer.
Contract Holder: The person or entity to whom we issue the contract. Generally, the plan sponsor or a trust. We may also refer to the contract holder as the contract owner.
We (the Company): ING Life Insurance and Annuity Company. We issue the contract.
For greater detail, please review Contract Ownership and Rights and Contract Purchase and Participation.
The Contract and Your Retirement Plan
Retirement Plan (plan): A plan sponsor has established a plan for you. This contract is offered as a funding option for that plan. We are not a party to the plan.
Plan Type: We refer to the plan by the Tax Code section under which it qualifies. For example: a 403(b) plan is a plan that qualifies for tax treatment under Tax Code section 403(b). To learn which Tax Code section applies to your plan, contact your plan sponsor, your local representative or the Company.
Use of an Annuity Contract in your Plan: Under the federal tax laws, earnings on amounts held in annuity contracts are generally not taxed until they are withdrawn. However, in the case of a qualified retirement account (such as a 403(b), Roth 403(b), 415(m), or 457(b) plan), an annuity contract is not necessary to obtain this favorable tax treatment and does not provide any tax benefits beyond the deferral already available to the tax qualified account itself. Annuities do provide other features and benefits (such as a guaranteed death benefit under some contracts or the option of lifetime income phase options at established rates) that may be valuable to you. You should discuss your alternatives with your financial representative taking into account the additional fees and expenses you may incur in an annuity. See Contract Purchase and Pa rticipation.
Contract Rights: Rights under the contract and who may exercise those rights may vary by plan type. Also, while the contract may reserve certain rights for the contract holder, the contract holder may permit you to exercise those rights through the plan.
PRO.134760-08 | 4 |
Contract Facts |
Free Look/Right to Cancel: Contract holders may cancel the contract no later than 10 days after they receive the contract (or a longer period if required by state law). Participants in 403(b) and Roth 403(b) plans may cancel their participation in the contract no later than 10 days after they receive evidence of participation in the contract. See Right to Cancel.
Death Benefit: A beneficiary may receive a benefit in the event of your death during both the accumulation and income phases. The availability of a death benefit during the income phase depends upon the income phase payment option selected. The Mentor contract also offers a minimum guaranteed death benefit. See Death Benefit and The Income Phase.
Withdrawals: During the accumulation phase, you may, under some plans, withdraw all or part of your account value. Amounts withdrawn may be subject to deductions, tax withholding and taxation. See Withdrawals and Taxation.
Systematic Distribution Options: These options allow you to receive regular payments from your account, while retaining the account in the accumulation phase. See Systematic Distribution Options.
Fees: Certain fees may be deducted from your account value. See Fee Table and Fees.
Taxation: Taxes will generally be due when you receive a distribution. Tax penalties may apply in some circumstances. See Taxation.
Contract Phases | ||||||||||
I. The Accumulation Phase (accumulating retirement benefits) | ||||||||||
STEP 1: You or the contract holder provides ING Life | Payments to | |||||||||
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Insurance and Annuity Company with your completed | Your Account | |||||||||
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enrollment materials. | Step 1 || | |||||||||
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ING Life Insurance and Annuity Company | ||||||||||
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According to the plan, we set up one or more accounts for you. | (a) || | Step 2 | (b) || | |||||||
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for contributions from your salary. | Variable Annuity | |||||||||
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Fixed | Account C | |||||||||
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STEP 2: The contract holder, or you if permitted by your | Interest | |||||||||
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plan, directs us to invest your account dollars in any of the | Option | Variable Investment | ||||||||
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(a) | Fixed Interest Option; or | The Subaccounts | ||||||||
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(b) | Variable Investment Options. (The variable investment | A | B | Etc. | ||||||
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options are the subaccounts of Variable Annuity Account | || Step 3 || | |||||||||
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C. Each one invests in a specific mutual fund.) | Mutual | Mutual | Etc. | |||||||
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Fund A | Fund B | |||||||||
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STEP 3: The subaccount(s) selected purchases shares of its corresponding fund. II. The Income Phase (receiving income phase payments from your contract) The contract offers several payment options. See The Income Phase. In general, you may: |
PRO.134760-08 | 5 |
In this Section:
Contract Holder Transaction Expenses Separate Account Annual Expenses Total Annual Fund Operating Expenses Hypothetical Examples Fees Deducted by the Funds
Also see the Fees section for:
How, When and Why Fees are Deducted Redemption Fees Premium and Other Taxes
Fee Table
The following table describes the fees and expenses that you will pay when
buying, owning, and withdrawing from your contract. The first table
describes the fees and expenses that you will pay at the time that you buy the
contract, withdraw from the contract, take a loan from the contract or
transfer cash value between investment options. Under these contracts you
will not pay any fees and expenses when you buy the contract, withdraw
from the contract, or transfer between investment options. State premium
taxes may also be deducted.* See The Income Phase for fees that may
apply after you begin receiving payments under the contract, including a
mortality and expense risk charge during the income phase of 1.25% .
(1) This is the difference between the rate applied and rate credited on loans under your contract. Currently the loan interest rate spread is 2.5% per annum; however we reserve the right to apply a spread of up to 3.0% per annum.
The next table describes the fees and expenses that you will pay periodically during the time that you own the contract, not including fund fees and expenses.
Separate Account Annual Expenses
(as a percentage of average account value)
Mortality and Expense Risk Charge
Direct Contracts 0.00% Mentor Contracts 0.50%
Contract Holder Transaction Expenses | ||
Loan Interest Rate Spread (per annum) (1) | 3.0% |
*State premium taxes (which currently range from 0% to 4% of premium payments) may apply, but are not reflected
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Minimum | Maximum | |||
Total Annual Fund Operating Expenses (expenses that | ||||
are deducted from fund assets, including management fees | 0.33% | 1.52% | ||
and other expenses) |
PRO.134760-08 | 6 |
Hypothetical Examples |
1. Mentor Contracts. The following Examples are intended to help you compare the cost of investing in the contract with the cost of investing in other variable annuity contracts. These costs include separate account annual expenses and fund fees and expenses. Example 1: The following Example assumes that you invest $10,000 in the contract for the time periods indicated. The Example also assumes that your investment has a 5% return each year and assumes the maximum fees and expenses of any of the funds. Although your actual costs may be higher or lower, based on these assumptions, your costs would be: |
1 Year | 3 Years | 5 Years | 10 Years | |||
$205 | $634 | $1,088 | $2,348 |
Example 2: The following Example assumes that you invest $10,000 in the contract for the time periods indicated. The Example also assumes that your investment has a 5% return each year and assumes the minimum fees and expenses of any of the funds. Although your actual costs may be higher or lower, based on these assumptions, your costs would be: |
1 Year | 3 Years | 5 Years | 10 Years | |||
$85 | $265 | $460 | $1,025 |
2. Direct Contracts. The following Examples are intended to help you compare the cost of investing in the contract with the cost of investing in other variable annuity contracts. These costs include fund fees and expenses. There is no mortality and expense risk charge under the Direct contracts. Example 1: The following Example assumes that you invest $10,000 in the contract for the time periods indicated. The Example also assumes that your investment has a 5% return each year and assumes the maximum fees and expenses of any of the funds. Although your actual costs may be higher or lower, based on these assumptions, your costs would be: |
1 Year | 3 Years | 5 Years | 10 Years | |||
$155 | $480 | $829 | $1,813 |
Example 2: The following Example assumes that you invest $10,000 in the contract for the time periods indicated. The Example also assumes that your investment has a 5% return each year and assumes the minimum fees and expenses of any of the funds. Although your actual costs may be higher or lower, based on these assumptions, your costs would be: |
1 Year | 3 Years | 5 Years | 10 Years | |||
$34 | $106 | $185 | $418 |
PRO.134760-08 | 7 |
Fees Deducted by the Funds |
Fund Fee Information. The fund prospectuses show the investment advisory fees, 12b-1 fees and
other expenses including service fees (if applicable) charged annually by each fund. See the Fees section of this prospectus, and the fund prospectuses, for further information. Fund fees are one factor that impact the value of a fund share. To learn about additional factors, refer to the fund prospectuses. The Company may receive compensation from each of the funds or the funds affiliates based on an annual percentage of the average net assets held in that fund by the Company. The percentage paid may vary from one fund company to another. For certain funds, some of this compensation may be paid out of 12b-1 fees or service fees that are deducted from fund assets. Any such fees deducted from fund assets are disclosed in the fund prospectuses. The Company may also receive additional compensation from certain funds for administrative, recordkeeping or other services provided by the Company to the funds affiliates. These additional payments may also be used by the Company to finance distribution. These additional payments are made by the funds or the funds affiliates to the Company and do not increase, directly or indirectly, the fund fees and expenses. See Fees Fund Fees and Expenses for additional information. In the case of fund companies affiliated with the Company, where an affiliated investment adviser employs subadvisers to manage the funds, no direct payments are made to the Company or the affiliated investment adviser by the subadvisers. Subadvisers may provide reimbursement for employees of the Company or its affiliates to attend business meetings or training conferences. Investment management fees are apportioned between the affiliated investment adviser and subadviser. This apportionment varies by subadviser, resulting in varying amounts of revenue retained by the investment adviser. This apportionment of the investment advisory fee does not increase, directly or indirectly, fund fees and expenses. See Fees Fund Fees and Expenses for additional information. How Fees are Deducted. Fees are deducted from the value of the fund shares on a daily basis, which in turn affects the value of each subaccount that purchases fund shares. |
Condensed Financial Information |
Understanding Condensed Financial Information. In Appendix IV, we provide condensed financial
information about the Variable Annuity Account C subaccounts available under the contracts. These tables show the year-end unit values of each subaccount from the time purchase payments were first received in the subaccounts under the contracts. Financial Statements. The statements of assets and liabilities, the statements of operations, the statements of changes in net assets and the related notes to financial statements for Variable Annuity Account C and the consolidated financial statements and the related notes to financial statements for ING Life Insurance and Annuity Company are located in the Statement of Additional Information. |
Variable Annuity Account C |
We established Variable Annuity Account C (the separate account) in 1976 as a continuation of the separate account of Aetna Variable Annuity Life Insurance Company established in 1974 under Arkansas law. The separate account was established as a segregated asset account to fund variable annuity contracts. The separate account is registered as a unit investment trust under the Investment Company Act of 1940 (the 40 Act). It also meets the definition of separate account under the federal securities laws. The separate account is divided into subaccounts. These subaccounts invest directly in shares of a pre-assigned fund. Although we hold title to the assets of the separate account, such assets are not chargeable with the liabilities of any other business that we conduct. Income, gains or losses of the separate account are credited to or charged against the assets of the separate account without regard to other income, gains or losses of ING Life Insurance and Annuity Company. All obligations arising under the contracts are obligations of ING Life Insurance and Annuity Company. |
PRO.134760-08 8 |
The Company |
ING Life Insurance and Annuity Company (the Company, we, us, our) issues the contracts described in this prospectus and is responsible for providing each contracts insurance and annuity benefits. We are a direct, wholly owned subsidiary of Lion Connecticut Holdings Inc. We are a stock life insurance company organized under the insurance laws of the State of Connecticut in 1976 and an indirect wholly-owned subsidiary of ING Groep N.V. (ING), a global financial institution active in the fields of insurance, banking and asset management. Through a merger, our operations include the business of Aetna Variable Annuity Life Insurance Company (formerly known as Participating Annuity Life Insurance Company, an Arkansas life insurance company organized in 1954). Prior to January 1, 2002, the Company was known as Aetna Life Insurance and Annuity Company. We are engaged in the business of issuing life insurance and annuities. Our principal executive offices are located at: |
One Orange Way Windsor, Connecticut 06095-4774 |
Regulatory Developments - the Company and the Industry. As with many financial services companies, the Company and its affiliates have received informal and formal requests for information from various state and federal governmental agencies and self-regulatory organizations in connection with inquiries and investigations of the products and practices of the financial services industry. In each case, the Company and its affiliates have been and are providing full cooperation. Insurance and Retirement Plan Products and Other Regulatory Matters. Federal and state regulators and self- regulatory agencies are conducting broad inquiries and investigations involving the insurance and retirement industries. These initiatives currently focus on, among other things, compensation, revenue sharing, and other sales incentives; potential conflicts of interest; potential anti-competitive activity; reinsurance; sales and marketing practices (including sales to seniors); specific product types (including group annuities and indexed annuities); and disclosure. It is likely that the scope of these industry investigations will further broaden before they conclude. The Company and certain of its U.S. affiliates have received formal and informal requests in connection with such investigations, and are cooperating fully with each request for information. Some of these matters could result in regulatory action involving the Company. These initiatives also may result in new legislation and regulation that could significantly affect the financial services industry, including businesses in which the Company is engaged. In light of these and other developments, U.S. affiliates of ING, including the Company, periodically review whether modifications to their business practices are appropriate. Investment Product Regulatory Issues. Since 2002, there has been increased governmental and regulatory activity relating to mutual funds and variable insurance products. This activity has primarily focused on inappropriate trading of fund shares; directed brokerage; compensation; sales practices, suitability, and supervision; arrangements with service providers; pricing; compliance and controls; adequacy of disclosure; and document retention. In addition to responding to governmental and regulatory requests on fund trading issues, ING management, on its own initiative, conducted, through special counsel and a national accounting firm, an extensive internal review of mutual fund trading in ING insurance, retirement, and mutual fund products. The goal of this review was to identify any instances of inappropriate trading in those products by third parties or by ING investment professionals and other ING personnel. The internal review identified several isolated arrangements allowing third parties to engage in frequent trading of mutual funds within the variable insurance and mutual fund products of certain affiliates of the Company, and identified other circumstances where frequent trading occurred despite measures taken by ING intended to combat market timing. Each of the arrangements has been terminated and disclosed to regulators, to the independent trustees of ING Funds (U.S.) and in Company reports previously filed with the Securities and Exchange Commission (SEC) pursuant to the Securities Exchange Act of 1934, as amended. |
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Action may be taken by regulators with respect to certain ING affiliates before investigations relating to fund trading are completed. The potential outcome of such action is difficult to predict but could subject certain affiliates to adverse consequences, including, but not limited to, settlement payments, penalties, and other financial liability. It is not currently anticipated, however, that the actual outcome of any such action will have a material adverse effect on ING or INGs U.S. based operations, including the Company. ING has agreed to indemnify and hold harmless the ING Funds from all damages resulting from wrongful conduct by ING or its employees or from INGs internal investigation, any investigations conducted by any governmental or self-regulatory agencies, litigation or other formal proceedings, including any proceedings by the SEC. Management reported to the ING Funds Board that ING management believes that the total amount of any indemnification obligations will not be material to ING or INGs U.S. based operations, including the Company. Product Regulation. Our products are subject to a complex and extensive array of state and federal tax, securities and insurance laws, and regulations, which are administered and enforced by a number of governmental and self- regulatory authorities. In addition, state and federal securities and insurance laws impose requirements relating to insurance and annuity product design, offering and distribution, and administration. Failure to meet any of these complex tax, securities, or insurance requirements could subject the Company to administrative penalties, unanticipated remediation, or other claims and costs. |
Investment Options |
The contracts offer variable investment options and a fixed interest option. When we establish your account(s), the contract holder, or you if permitted by the plan, instructs us to direct account dollars to any of the available options. Variable Investment Options. These options are called subaccounts. The subaccounts are within Variable Annuity Account C. Each subaccount invests in a specific mutual fund. Earnings on amounts invested in a subaccount will vary depending upon the performance and fees of its underlying fund. You do not invest directly in or hold shares of the funds. |
Fixed Interest Option. For a description of the Fixed Plus Account II, see Appendix I. |
Selecting Investment Options
Choose options appropriate for you. For Mentor Contracts, your local representative can help you evaluate which investment options may be appropriate for your financial goals.
Understand the risks associated with the options you choose. Some subaccounts invest in funds that are considered riskier than others. Funds with additional risks are expected to have values that rise and fall more rapidly and to a greater degree than other funds. For example, funds investing in foreign or international securities are subject to risks not associated with domestic investments, and their investment performance may vary accordingly. Also, funds using derivatives in their investment strategy may be subject to additional risks.
Be informed. Read this prospectus, the fund prospectuses, Appendix I, and Appendix II.
Limits on Availability of Options. Some subaccounts and the fixed interest option may not be available through certain contracts and plans or in some states. For example, some subaccounts may be unavailable in a particular state due to state law limits on total aggregate charges. We may add, withdraw or substitute funds, subject to the conditions in your contract and compliance with regulatory requirements. In the case of a substitution, the new fund may have different fees and charges than the one it replaced. |
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Reinvestment. The funds described in this prospectus have, as a policy, the distribution of income, dividends and capital gains. There is, however, an automatic reinvestment of such distributions under the contracts described in this prospectus. |
Additional Risks of Investing in the Funds |
Insurance-Dedicated Funds. (Mixed and Shared Funding) Most of the funds described in this prospectus are available only to insurance companies for their variable contracts. Such funds are often referred to as insurance- dedicated funds, and are used for mixed and shared funding. Mixed funding occurs when shares of a fund, which the subaccounts buy for variable annuity contracts, are bought for variable life insurance contracts issued by us or other insurance companies. Shared Funding occurs when shares of a fund, which the subaccounts buy for variable annuity contracts, are also bought by other insurance companies for their variable annuity contracts. |
Public Funds. The following funds, which the subaccounts buy for variable annuity contracts, are also available to the general public: |
See Taxation-Section 403(b) and Roth 403(b) Tax-Deferred Annuities for a discussion of investing in one of the public funds under a 403(b) annuity contract. Possible Conflicts of Interest. With respect to the insurance-dedicated funds and the public funds, it is possible that a conflict of interest may arise due to mixed and shared funding, a change in law affecting the operations of variable annuity separate accounts, differences in the voting instructions of the contract holder and others maintaining a voting interest in the funds, or some other reason. Such a conflict could adversely impact the value of a fund. For example, if a conflict of interest occurred and one of the subaccounts withdrew its investment in a fund, the fund may be forced to sell its securities at disadvantageous prices, causing its share value to decrease. Each insurance- dedicated funds board of directors or trustees will monitor events in order to identify any material irreconcilable conflicts that may arise and to determine what action, if any, should be taken to address such conflicts. With respect to both the public funds and the insurance-dedicated funds, in the event of a conflict, the Company will take any steps necessary to protect contract holders and annuitants maintaining a voting interest in the funds, including the withdrawal of Variable Annuity Account C from participation in the funds that are involved in the conflict. |
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Transfers Among Investment Options During the accumulation phase and the income phase the contract holder, or you, if permitted by the plan, may transfer amounts among the available subaccounts. Transfers from the Fixed Plus Account II are restricted as outlined in Appendix I and the contract. Transfer Requests. Subject to limits on frequent or disruptive transfers, transfer requests may be made in writing, by telephone, or, where available, electronically, as well as under the dollar cost averaging and automatic reallocation programs. Transfers must be made in accordance with the terms of the contracts. Value of Your Transferred Dollars. The value of amounts transferred into or out of subaccounts will be based on the subaccount unit values next determined after we receive your transfer request in good order at our administrative service center at the address listed in Contract Overview Questions: Contacting the Company or, if you are participating in the dollar cost averaging or automatic reallocation programs, after your scheduled transfer or reallocation. Telephone and Electronic Transactions: Security Measures. To prevent fraudulent use of telephone or electronic transactions (including, but not limited to, Internet transactions), we have established security procedures. These include recording calls on our toll-free telephone lines and requiring use of a personal identification number (PIN) to execute transactions. You are responsible for keeping you PIN and contract information confidential. If we fail to follow reasonable security procedures, we may be liable for losses due to unauthorized or fraudulent telephone or other electronic transactions. We are not liable for losses resulting from telephone or electronic instructions we believe to be genuine. If a loss occurs when we rely on such instructions, you will bear the loss. |
Limits on Frequent or Disruptive Transfers
The contract is not designed to serve as a vehicle for frequent transfers. Frequent transfer activity can disrupt management of a fund and raise its expenses through:· Increased trading and transaction costs;· Forced and unplanned portfolio turnover;· Lost opportunity costs; and· Large asset swings that decrease the funds ability to provide maximum investment return t o all contract owners and participants.
This in turn can have an adverse effect on fund performance. Accordingly, individuals or organizations that use market-timing investment strategies or make frequent transfers should not purchase or participate in the contract.
Excessive Trading Policy. We and the other members of the ING family of companies that provide multi-fund variable insurance and retirement products have adopted a common Excessive Trading Policy to respond to the demands of the various fund families that make their funds available through our products to restrict excessive fund trading activity and to ensure compliance with Rule 22c-2 of the 1940 Act.
We actively monitor fund transfer and reallocation activity within our variable insurance products to identify violations of our Excessive Trading Policy. Our Excessive Trading Policy is violated if fund transfer and reallocation activity: · Meets or exceeds our current definition of Excessive Trading, as defined below; or· Is determined, in our sole discretion, to be disruptive or not in the best interests of other owners of our variable insurance and retirement products, or participants in such products.
We currently define Excessive Trading as: |
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The following transactions are excluded when determining whether trading activity is excessive:
· Purchases or sales of shares related to non-fund transfers (for example, new purchase payments, withdrawals and loans);· Transfers associated with scheduled dollar cost averaging, scheduled rebalancing, or scheduled asset allocation programs;· Purchases and sales of fund shares in the amount of $5,000 or less;· Purchases and sales of funds that affirmatively permit short-term trading in their fund shares, and movement between such funds and a money mark et fund; and· Transactions initiated by us, another member of the ING family of companies, or a fund.
If we determine that an individual or entity has made a purchase of a fund within 60 days of a prior round-trip involving the same fund, we will send them a letter (once per year) warning that another sale of that same fund within 60 days of the beginning of the prior round-trip will be deemed to be Excessive Trading and result in a six month suspension of their ability to initiate fund transfers or reallocations through the Internet, facsimile, Voice Response Unit (VRU), telephone calls to the ING Customer Service Center, or other electronic trading medium that we may make available from time to time (Electronic Trading Privileges). Likewise, if we determine that an individual or entity has made five round-trips involving the same fund within a rolling twelve month period, we will send them a letter warning that another purchase and sale of that same fund within twelve months of the initial purchase in the first round-trip will be deemed to be Excessive Trading and result in a suspension of their Electronic Trading Privileges. According to the needs of the various business units, a copy of any warning letters may also be sent, as applicable, to the person(s) or entity authorized to initiate fund transfers or reallocations, the agent/registered representative, or the investment adviser for that individual or entity. A copy of the warning letters and details of the individuals or entitys trading activity may also be sent to the fund whose shares were involved in the trading activity. If we determine that an individual or entity has violated our Excessive Trading Policy, we will send them a letter stating that their Electronic Trading Privileges have been suspended for a period of six months. Consequently, all fund transfers or reallocations, not just those that involve the fund whose shares were involved in the activity that violated our Excessive Trading Policy, will then have to be initiated by providing written instructions to us via regular U.S. mail. Suspension of Electronic Trading Privileges may also extend to products other than the product through which the Excessive Trading activity occurred. During the six month suspension period, electronic inquiry only privileges will be permitted where and when possible. A copy of the letter restricting future transfer and reallocation activity to regular U.S. mail and details of the individuals or entitys trading activity may also be sent, as applicable, to the person(s) or entity authorized to initiate fund transfers or reallocations, the agent/registered representative or investment adviser for that individual or entity, and the fund whose shares were involved in the activity that violated our Excessive Trading Policy. Following the six month suspension period during which no additional violations of our Excessive Trading Policy are identified, Electronic Trading Privileges may again be restored. We will continue to monitor the fund transfer and reallocation activity, and any future violations of our Excessive Trading Policy will result in an indefinite suspension of Electronic Trading Privileges. A violation of our Excessive Trading Policy during the six month suspension period will also result in an indefinite suspension of Electronic Trading Privileges. We reserve the right to suspend Electronic Trading Privileges with respect to any individual or entity, with or without prior notice, if we determine, in our sole discretion, that the individuals or entitys trading activity is disruptive or not in the best interests of other owners of our variable insurance and retirement products, or participants in such products, regardless of whether the individuals or entitys trading activity falls within the definition of Excessive Trading set forth above. Our failure to send or an individuals or entitys failure to receive any warning letter or other notice contemplated under our Excessive Trading Policy will not prevent us from suspending that individuals or entitys Electronic Trading Privileges or taking any other action provided for in our Excessive Trading Policy. |
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The Company does not allow exceptions to our Excessive Trading Policy. We reserve the right to modify our Excessive Trading Policy, or the policy as it relates to a particular fund, at any time without prior notice, depending on, among other factors, the needs of the underlying fund(s), the best interests of contract owners, participants, and fund investors, and/or state or federal regulatory requirements. If we modify our policy, it will be applied uniformly to all contract owners and participants or, as applicable, to all contract owners and participants investing in the underlying fund. Our Excessive Trading Policy may not be completely successful in preventing market-timing or excessive trading activity. If it is not completely successful, fund performance and management may be adversely affected, as noted above. Limits Imposed by the Funds. Each underlying fund available through the variable insurance and retirement products offered by us and/or the other members of the ING family of companies, either by prospectus or stated policy, has adopted or may adopt its own excessive/frequent trading policy, and orders for the purchase of fund shares are subject to acceptance or rejection by the underlying fund. We reserve the right, without prior notice, to implement fund purchase restrictions and/or limitations on an individual or entity that the fund has identified as violating its excessive/frequent trading policy and to reject any allocation or transfer request to a subaccount if the corresponding fund will not accept the allocation or transfer for any reason. All such restrictions and/or limitations (which may include, but are not limited to, suspension of Electronic Trading Privileges and/or blocking of future purchases of a fund or all funds within a fund family) will be done in accordance with the directions we receive from the fund. Agreements to Share Information with Fund Companies. As required by Rule 22c-2 under the 1940 Act, we have entered into information sharing agreements with each of the fund companies whose funds are offered through the contract. Contract owner and participant trading information is shared under these agreements as necessary for the fund companies to monitor fund trading and our implementation of our Excessive Trading Policy. Under these agreements, the Company is required to share information regarding contract owner and participant transactions, including but not limited to information regarding fund transfers initiated by you. In addition to information about contract owner and participant transactions, this information may include personal contract owner and participant information, including names and social security numbers or other tax identification numbers. As a result of this information sharing, a fund company may direct us to restrict a contract owner or participants transactions if the fund determines that the contract owner or participant has violated the funds excessive/frequent trading policy. This could include the fund directing us to reject any allocations of purchase payments or account value to the fund or all funds within the fund family. The Dollar Cost Averaging Program. The contracts may provide you with the opportunity to participate in our dollar cost averaging program. Dollar cost averaging is a system for investing whereby you purchase fixed dollar amounts of an investment at regular intervals, regardless of price. Our program transfers, at regular intervals, a fixed dollar amount to one or more subaccounts that you select. Dollar cost averaging neither ensures a profit nor guarantees against loss in a declining market. You should consider your financial ability to continue purchases through periods of low price levels. There is no additional charge for this program. To obtain an application form or additional information about this program, contact your sales representative or call us at the number listed in Contract Overview Questions: Contacting the Company. We reserve the right to discontinue, modify or suspend the dollar cost averaging program. Dollar cost averaging is not available if you are participating in the account rebalancing program. |
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The Automatic Reallocation Program (Account Rebalancing). The contracts may provide you with the ability to participate in account rebalancing. Account rebalancing allows you to reallocate your account value to match the investment allocations you originally selected by reallocating account values from the subaccounts that have increased in value to those subaccounts that have declined in value or increased in value at a slower rate. We automatically reallocate your account value annually (or more frequently as we allow). Account rebalancing neither ensures a profit nor guarantees against loss in a declining market. There is currently no additional charge for this program. To obtain an application form or additional information about this program, contact your sales representative or call us at the number listed in Contract Overview Questions: Contacting the Company. Account rebalancing is not available if you are participating in the dollar cost averaging program. |
Contract Purchase and Participation | ||
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Available Contracts. The contracts available for purchase are group deferred | Valuation Date: Any day that | |
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annuity contracts that the Company offers in connection with plans established | the New York Stock Exchange | |
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under Tax Code sections 403(b) (including Roth 403(b), 415(m), and 457(b)). | is open for trading. | |
They are designed to fund the University of Texas System Retirement | ||
Programs. | ||
When considering whether to purchase or participate in the contract, you | ||
should consult with your financial representative about your financial goals, | ||
investment time horizon and risk tolerance. | ||
Purchasing the Contract. The contract holder may purchase a contract from us by completing an application and | ||
submitting it to us. Upon our approval we will issue a contract to the contract holder. |
Participating in the Contract. |
1. | We provide you with enrollment materials for completion and return to us. |
2. | If your enrollment materials are complete and in good order, we establish one or more accounts for you. We may establish an employee account for contributions from your salary and an employer account for employer contributions. We may also establish Roth 403(b) accounts. |
Methods of Purchase Payment. The contract may allow one or more of the following purchase payment methods: |
Contributions to Roth 403(b) accounts must be made by after-tax salary reduction, exchange, or rollover payments paid to us on your behalf, as permitted by the Tax Code. Under some contracts, we will place the different types of payments in distinct accounts, including Roth 403(b) accounts. Acceptance or Rejection of Your Application. We must accept or reject an application or your enrollment materials within two business days of receipt. If the forms are incomplete, we may hold any forms and accompanying purchase payments for five business days, unless you consent to our holding them longer. Under limited circumstances, we may also agree, for a particular plan, to hold purchase payments for longer periods with the permission of the contract holder. If we agree to do this, we will deposit the purchase payments in the ING VP Money Market Portfolio subaccount until the forms are completed (or for a maximum of 105 days). If we reject the application or enrollment, we will return the forms and any purchase payments. You will be entitled to the investment experience for amounts that we deposit in the ING VP Money Market Portfolio during this period, whether we accept or reject your application. |
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Allocating Purchase Payments. The contract holder or you, if the contract holder permits, directs
us to allocate initial contributions to the investment options available under the plan. Generally, you will specify this information on your enrollment materials. After your enrollment, changes to allocations for future purchase payments or transfer of existing balances among investment options may be requested in writing and, where available, by telephone or electronically. Allocations must be in whole percentages, and there may be limitations on the number of investment options that can be selected. See Investment Options and Transfers Among Investment Options. Tax Code Restrictions. The Tax Code places some limitations on contributions to your account. See Taxation. Factors to Consider in the Purchase Decision. The decision to purchase or participate in a contract should be discussed with your financial representative. Make sure that you understand the investment options it provides, its other features, the risks and potential benefits you will face, and the fees and expenses you will incur when, together with your financial representative (for Mentor contracts), you consider an investment in the contract. You should pay attention to the following issues, among others: |
1) | Long-Term Investment These contracts are long-term investments, and are typically most useful as part of a personal retirement plan. Early withdrawals may be restricted by the Tax Code or your plan, or may expose you to tax penalties. The value of deferred taxation on earnings grows with the amount of time funds are left in a contract. You should not participate in a contract if you are looking for a short-term investment or expect to need to make withdrawals before you are 59½. |
2) | Investment Risk The value of investment options available under the contracts may fluctuate with the markets and interest rates. You should not participate in a contract in order to invest in these options if you cannot risk getting back less money than you put in. |
3) | Features and Fees The fees for these contracts reflect costs associated with the features and benefits they provide. As you consider a contract, you should determine the value that these various benefits and features have for you, given your particular circumstances, and consider the charges for those features. |
4) | Exchanges Replacing an existing insurance contract with this contract may not be beneficial to you. If a contract will be a replacement for another annuity contract you should compare the two options carefully, compare the costs associated with each, and identify additional benefits available under the contract. You should consider whether these additional benefits justify any increased charges that might apply under these contracts. Also, be sure to talk to your financial professional or tax adviser to make sure that the exchange will be handled so that it is tax-free. |
Other Products. We and our affiliates offer various other products with different features and terms than these contracts, which may offer some or all of the same funds. These products have different benefits, fees and charges, and may offer different share classes of the funds offered in this contract that are less expensive. These other products may or may not better match your needs. You should be aware that there are alternative options available, and, if you are interested in learning more about these other products, contact your registered representative. Not all alternative options may be available under your plan.
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Contract Ownership and Rights Who Owns the Contract? The contract holder. This is the person or entity to whom we issue the contract. Who Owns Money Accumulated Under the Contract? |
Who Holds Rights Under the Contract? |
For additional information about the respective rights of the contract holder and participants, see Appendix III. |
Right to Cancel When and How to Cancel. If the contract holder chooses to cancel a contract, we must receive the contract and a written notice of cancellation within 10 days (or a longer period if required by state law) after the contract holders receipt of the contract. If you wish to cancel participation in the contract and are allowed to do so under the contract and the plan, you must send the document evidencing your participation and a written notice of cancellation to the Company within 10 days after you receive confirmation of your participation in the contract. Refunds. We will produce a refund not later than seven calendar days after we receive the required documents and written notice in good order at the address listed in Contract Overview-Questions: Contacting the Company. The refund will equal amounts contributed to the contract or account(s), as applicable, plus any earnings or less any losses attributable to the investment options in which amounts were invested. Any mortality and expense risk charges (if any) deducted during the period you held the contract will not be returned. In certain states, including the State of Texas, we are required to refund contributions. When a refund of contributions is not required, the investor bears any investment risk. |
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Types of Fees
The following fees or deductions may affect your contract.
Transaction Fees
Redemption Fees
Fees Deducted from Investments in the Separate Account
Mortality and Expense Risk Charge
Fund Fees and Expenses Premium and Other Taxes
Fees |
The following repeats and adds to information provided in the Fee Table section. Please review both sections for information on fees.
I. Transaction Fees Redemption Fees |
Certain funds may deduct redemption fees as a result of withdrawals, transfers, or other fund transactions you initiate. If applicable, we may deduct the amount of any redemption fees imposed by the underlying mutual funds as a result of withdrawals, transfers or other fund transactions you initiate. Redemption fees, if any, are separate and distinct from any transaction charges or other charges deducted from your account value. For a more complete description of the funds fees and expenses, review each funds prospectus.
II. Fees Deducted from Investments in the Separate Account
Mortality and Expense Risk Charge |
Maximum Amount. For Mentor contracts, the amount of this charge, on an annual basis, is equal to
0.50% of your account value invested in the subaccounts during the accumulation phase. For Direct contracts, there is no mortality and expense risk charge during the accumulation phase. Under both the Direct contracts and Mentor contracts, the charge is 1.25% annually of your account value invested in the subaccounts during the income phase. See The Income Phase. When/How. We deduct this charge daily from the subaccounts corresponding to the funds you select. Purpose. This charge compensates us for the mortality and expense risks we assume under the contract. |
If the amount we deduct for these charges is not enough to cover our mortality costs and expenses, we will bear the loss. We may use any excess to recover distribution costs relating to the contract and as a source of profit. We expect to make a profit from these charges.
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III. Fund Fees and Expenses |
As shown in the fund prospectuses and described in the Fees Deducted by the Funds section of this prospectus, each fund deducts management fees from the amounts allocated to the fund. In addition, each fund deducts other expenses, which may include service fees that may be used to compensate service providers, including the Company and its affiliates, for administrative and contract holder services provided on behalf of the fund. Furthermore, certain funds deduct a distribution or 12b-1 fee, which is used to finance any activity that is primarily intended to result in the sale of fund shares. For a more complete description of the funds fees and expenses, review each funds prospectus. The Company or its U.S. affiliates receive substantial revenue from each of the funds or the funds affiliates, although the amount and types of revenue vary with respect to each of the funds offered through the contract. This revenue is one of several factors we consider when determining contract fees and charges and whether to offer a fund through our contracts. Fund revenue is important to the Companys profitability, and it is generally more profitable for us to offer affiliated funds than to offer unaffiliated funds. In terms of total dollar amounts received, the greatest amount of revenue generally comes from assets allocated to funds managed by Directed Services LLC or other Company affiliates, which funds may or may not also be subadvised by a Company affiliate. Assets allocated to funds managed by a Company affiliate but subadvised by unaffiliated third parties generally generate the next greatest amount of revenue. Finally, assets allocated to unaffiliated funds generate the least amount of revenue. The Company expects to make a profit from this revenue to the extent it exceeds the Companys expenses, including the payment of sales compensation to our distributors. |
Types of Revenue Received from Affiliated Funds |
Affiliated funds are (a) funds managed by Directed Services LLC or other Company affiliates, which may or may not also be subadvised by another Company affiliate; and (b) funds managed by a Company affiliate but that are subadvised by unaffiliated third parties. Revenues received by the Company from affiliated funds may include: |
These revenues may be received as cash payments or according to a variety of financial accounting techniques that are used to allocate revenue and profits across the organization. In the case of affiliated funds subadvised by unaffiliated third parties, any sharing of the management fee between the Company and the affiliated investment adviser is based on the amount of such fee remaining after the subadvisory fee has been paid to the unaffiliated subadviser. Because subadvisory fees vary by subadviser, varying amounts of revenue are retained by the affiliated investment adviser and ultimately shared with the Company. |
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Types of Revenue Received from Unaffiliated Funds
Revenue received from each of the unaffiliated funds or their affiliates is based on an annual percentage of the
average net assets held in that fund by the Company. Some unaffiliated funds or their affiliates pay us more than
others and some of the amounts we receive may be significant.
Revenues received by the Company or its affiliates from unaffiliated funds include:
These revenues are received as cash payments, and if the unaffiliated fund families currently offered through the
contract were individually ranked according to the total amount they paid to the Company or its affiliates in 2007, in
connection with the registered variable annuity contracts issued by the Company, that ranking would be as follows:
1. Fidelity Investments | 8. PIMCO Funds | ||
2. American Funds | 9. Lazard Funds, Inc. | ||
3. Franklin Templeton Investments | 10. Premier VIT (OpCap Advisors, LLC) | ||
4. Oppenheimer Funds | 11. Artisan International Fund | ||
5. Pioneer Investments | 12. Loomis Sayles Funds | ||
6. Columbia Wanger Asset Management | 13. RiverSource Investments, LLC | ||
7. Pax World Funds |
Some fund families listed above may not have paid any such amounts in 2007. If the revenues received from
affiliated funds were included in the table above, payments from Directed Services LLC and other Company
affiliates would be first on the list.
Please note certain management personnel and other employees of the Company or its affiliates may receive a
portion of their total employment compensation based on the amount of net assets allocated to affiliated funds.
In addition to the types of revenue received from affiliated and unaffiliated funds described above, affiliated and
unaffiliated funds and their investment advisers, subadvisers or affiliates may participate at their own expense in
Company sales conferences or educational and training meetings. In relation to such participation, a funds
investment adviser, subadviser or affiliate may help offset the cost of the meetings or sponsor events associated with
the meetings. In exchange for these expense offset or sponsorship arrangements, the investment adviser, subadviser
or affiliate may receive certain benefits and access opportunities to Company sales representatives and wholesalers
rather than monetary benefits. These benefits and opportunities include, but are not limited to: co-branded marketing
materials; targeted marketing sales opportunities; training opportunities at meetings; training modules for sales
personnel; and opportunity to host due diligence meetings for representatives and wholesalers.
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Certain funds may be structured as fund of funds (including the ING Solution portfolios and the ING VP Strategic
Allocation portfolios) or Master-Feeder funds (including the ING Fidelity VIP portfolios). These funds may have
higher fees and expenses than a fund that invests directly in debt and equity securities because they also incur the
fees and expenses of the underlying funds in which they invest. These funds are affiliated funds, and the underlying
funds in which they invest may be affiliated as well. The fund prospectuses disclose the aggregate annual operating
expenses of each portfolio and its corresponding underlying fund or funds. These funds are identified in the
investment option list on the front of this prospectus.
IV. Premium and Other Taxes
Maximum Amount. Some states and municipalities charge a premium tax on annuities. These taxes currently range
from 0% to 4%, depending upon your state of residence at the time that we deduct the charge.
When/How. We reserve the right to deduct a charge for premium taxes from your account value or from purchase
payments to the contract at any time, but not before there is a tax liability under state law. For example, we may
deduct a charge for premium taxes at the time of a complete withdrawal or we may reflect the cost of premium taxes
in our income phase payment rates when you commence income phase payments. The state of Texas currently
assesses a tax on the Company of up to .04% of amounts applied to an income phase payment option by residents of
Texas. Although we do not currently deduct this charge from participant accounts, we reserve the right to do so.
We will not deduct a charge for any municipal premium tax of 1% or less, but we reserve the right to reflect such an
expense in our annuity purchase rates.
In addition, the Company reserves the right to assess a charge for any federal taxes due against the separate account.
See Taxation.
Your Account Value
During the accumulation phase, your account value at any given time equals:
Subaccount Accumulation Units. When a fund is selected as an investment option, your account dollars invest in
accumulation units of the Variable Annuity Account C subaccount corresponding to that fund. The subaccount
invests directly in the fund shares. The value of your interests in a subaccount is expressed as the number of
accumulation units you hold multiplied by an accumulation unit value, as described below, for each unit.
Accumulation Unit Value (AUV). The value of each accumulation unit in a subaccount is called the accumulation
unit value or AUV. The AUV varies daily in relation to the underlying funds investment performance. The value
also reflects deductions for fund fees and expenses and the mortality and expense risk charges. We discuss these
deductions in more detail in Fee Table and Fees.
Valuation. We determine the AUV every normal business day that the New York Stock Exchange (NYSE) is open,
after the close of the NYSE (normally at 4:00 p.m. Eastern Time). At that time we calculate the current AUV by
multiplying the AUV last calculated by the net investment factor of the subaccount. The net investment factor
measures the investment performance of the subaccount from one valuation to the next.
Net Investment Factor. The net investment factor for a subaccount between two consecutive valuations equals the
sum of 1.0000 plus the net investment rate.
PRO.134760-08 | 21 |
Net Investment Rate. The net investment rate is computed according to a formula that is equivalent to the following:
The net investment rate may be either positive or negative.
Hypothetical Illustration. As a hypothetical illustration, assume that your initial contribution to your account is
$5,000 and you direct us to invest $3,000 in Fund A and $2,000 in Fund B. Also, assume that on the day we receive
the purchase payment, the applicable AUVs after the next close of business of the New York Stock Exchange are
$10 for Subaccount A and $25 for Subaccount B. Your contract is credited with 300 accumulation units of
Subaccount A and 80 accumulation units of Subaccount B.
$5,000 Contribution | ||||||
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Step 1: You make an initial contribution of $5,000. | Step 1 || | |||||
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Step 2: | ING Life Insurance and Annuity Company | |||||
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A. You direct us to invest $3,000 in Fund A. Your dollars | Step 2 || | |||||
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purchase 300 accumulation units of Subaccount A | Variable Annuity Account C | |||||
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($3,000 divided by the current $10 AUV). | Subaccount A | Subaccount B | Etc. | |||
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B. You direct us to invest $2,000 in Fund B. Your dollars | 300 | 80 | ||||
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purchase 80 accumulation units of Subaccount B ($2,000 | accumulation | accumulation | ||||
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divided by the current $25 AUV). | units | units | ||||
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Step 3: The separate account purchases shares of the | Step 3 || | |||||
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applicable funds at the then current market value (net asset | Mutual Fund | Mutual Fund | ||||
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value or NAV). | A | B | ||||
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Each funds subsequent investment performance, expenses and charges, and the daily charges deducted from the
subaccount, will cause the AUV to move up or down on a daily basis.
Purchase Payments to Your Account. If all or a portion of initial purchase payments are directed to the
subaccounts, they will purchase subaccount accumulation units at the AUV next computed after our acceptance of
the applicable application or enrollment forms, as described in Contract Purchase and Participation. Subsequent
purchase payments or transfers directed to the subaccounts that we receive in good order by the close of business of
the New York Stock Exchange (NYSE) (normally 4 p.m. Eastern Time) will purchase subaccount accumulation
units at the AUV computed after the close of the NYSE on that day. The value of subaccounts may vary day to day.
PRO.134760-08 | 22 |
Withdrawals |
Subject to limits on withdrawals from the Fixed Plus Account II and any applicable retirement plan or Tax Code restrictions (see Withdrawal Restrictions below), the contract holder, or you, if allowed by the plan, may withdraw all or a portion of your account value at any time during the accumulation phase.
Steps for Making a Withdrawal. The contract holder or you, if allowed by the plan, must:
(1) | Partial Withdrawals: You may request a withdrawal of either: | |
A gross amount, in which case the required taxes (and redemption fees, if applicable) will be deducted from the gross amount requested; or | ||
A specific amount after deduction of the applicable taxes (and redemption fees, if applicable). | ||
The amount available from the Fixed Plus Account II may be limited. For a description of limitations on withdrawals from the Fixed Plus Account II, see Appendix I.
Taxes, Fees and Deductions
Amounts withdrawn may be subject to one or more of the following:
To determine which may apply to you, refer to the appropriate sections of this prospectus, contact your sales representative or call us at the number listed in Contract Overview Questions: Contacting the Company.
Unless otherwise agreed to by us, we will withdraw dollars in the same proportion as the values you hold in the investment options in which you have an account value.
(2) | Full Withdrawals: You will receive, reduced by any required tax (and redemption fees, if applicable), your account value allocated to the subaccounts, plus the amount available for withdrawal from the Fixed Plus Account II. |
Calculation of Your Withdrawal. We determine your account value as of the close of trading on the New York Stock Exchange (NYSE) (normally 4:00 p.m. Eastern Time) every day that the NYSE is open for trading. We pay withdrawal amounts based on your account value determined that day if a withdrawal request is received in good order at our administrative service center before the close of trading on the NYSE. The payment will be based on account value determined on the next valuation date if a request is received in good order at our administrative service center after the close of trading on the NYSE.
Delivery of Payment. Payments for withdrawal requests received in good order will be made in accordance with SEC requirements. Normally, your withdrawal amount will be sent no later than seven calendar days following our receipt of your properly-completed disbursement form. No interest will accrue on amounts represented by uncashed withdrawal checks.
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Reinstatement Privilege (Not Available Under 415(m) Plans). The contracts allow a one-time use of a reinstatement privilege. Within 30 days after a full withdrawal, if allowed by law, you may elect to reinvest all or a portion of your withdrawal. We must receive any reinvested amounts within 60 days of the withdrawal. We reserve the right, however, to accept a reinvestment election received more than 30 days after the withdrawal and accept proceeds received more than 60 days after the withdrawal. We will credit your contract for the amount reinvested based on the subaccount values next computed following our receipt of your request and the amount reinvested.
We will reinvest in the same investment options and proportions in place at the time of the withdrawal. Seek competent advice regarding the tax consequences associated with reinstatement.
Withdrawal Restrictions. |
(1) | Salary reduction contributions made after December 31, 1988; and |
(2) | Earnings on those contributions and earnings on amounts held before 1989 and credited after December 31, 1988. Income attributable to salary reduction contributions and credited on or after January 1, 1989, may not be distributed in the case of hardship. |
Loans |
Availability. Under voluntary 403(b) and 457(b) contracts, you may take out a loan from your account value during the accumulation phase. Loans are not available from Roth 403(b) contracts, 403(b) ORP contracts, or 415(m) contracts. Loans are only allowed from amounts allocated to certain subaccounts and fixed interest options. Additional restrictions may apply under the Tax Code, your plan or due to our administrative practices or those of a third party administrator selected by your Plan Sponsor. We reserve the right not to grant a loan request if the participant has an outstanding loan in default.
Requests. If you are eligible to obtain a loan, you may request one by properly completing the loan request form and submitting it to the address listed in Contract Overview-Questions: Contacting the Company. Read the terms of the loan agreement before submitting any request.
Loan Interest. Interest will be applied on loan amounts. The difference between the rate applied and the rate credited on the loans under your contract is currently 2.5% (i.e., a 2.5% loan interest rate spread). We reserve the right to apply a loan interest rate spread of up to 3.0% .
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Systematic Distribution Options
Availability of Systematic Distribution Options. These options may be exercised at any time during the accumulation phase of the contract. To exercise one of these options, the account value must meet any minimum dollar amount and age criteria applicable to that option. To determine what systematic distribution options are available, check with the contract holder or the Company.
Systematic distribution options currently available under the contract include the following:
the account. (This option may not be available if you have an outstanding loan.)
Availability of Systematic Distribution Options. The Company may discontinue the availability of one or all of the systematic distribution options at any time, and/or change the terms of future elections.
Electing a Systematic Distribution Option. The contract holder, or you if permitted by the plan, makes the election of a systematic distribution option. For some contracts, the contract holder must provide the Company with certification that the distribution is in accordance with the terms of the plan.
Terminating a Systematic Distribution Option. Once you elect a systematic distribution option, you may revoke it at any time through a written request to the address listed in Contract Overview-Questions: Contacting the Company. Once revoked, an option may not be elected again until the next calendar year, nor may any other systematic distribution option be elected, unless the Tax Code permits it.
Tax Consequences. Withdrawals received through these options and revocations of elections may have tax consequences. See Taxation.
Features of a Systematic Distribution Option
If available under your plan, a systematic distribution option allows you to receive regular payments from your account without moving into the income phase. By remaining in the accumulation phase, you retain certain rights and investment flexibility not available during the income phase. Because the account remains in the accumulation phase, all accumulation phase charges continue to apply.
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Death Benefit
This section provides information about the death benefit during the accumulation phase. For death benefit information applicable to the income phase, see The Income Phase.
Terms to Understand: Beneficiary(ies): The person(s) or entity(ies) entitled to receive death benefit proceeds under the contract. Claim Date: The date proof of death and the beneficiarys right to receive the death benefit and election of a death benefit payment option are received in good order at our administrative service center. Please contact our administrative service center to learn what information is required for a request for payment of the death benefit to be in good order.
Generally, a request is considered to be in good order when it is signed, dated and made with such clarity and completeness that we are not required to exercise any discretion in carrying it out.
The contract provides a death benefit in the event of your death during the accumulation phase, which is payable to the beneficiary named under the contract (contract beneficiary).
When is Death Benefit Payable? During the accumulation phase a death benefit is payable when a participant dies. The value of the death benefit is determined on the claim date. In addition to the amount of the death benefit, some states require we pay interest on amounts invested in the Fixed Plus Account II, calculated from date of death at a rate specified by state law.
During the Accumulation Phase |
Payment Process |
1. | Following your death, the contract beneficiary (on behalf of the plan beneficiary, if applicable) must provide the Company with proof of death acceptable to us and a payment request in good order. |
2. | The payment request should include selection of a benefit payment option. |
3. | Within 7 calendar days after we receive proof of death acceptable to us and payment request in good order at the address listed in Contract Overview-Questions: Contacting the Company, we will mail payment, unless otherwise requested. |
Until a death benefit request is in good order and a payment option is selected, account dollars will remain invested as at the time of your death, and no distributions will be made.
Benefit Payment Options. The following payment options are available, if allowed by the Tax Code:
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Unless the beneficiary elects otherwise, lump-sum payments will generally be made into an interest bearing account that is backed by our general account. This account can be accessed by the beneficiary through a checkbook feature. The beneficiary may access death benefit proceeds at any time through the checkbook without penalty, including accessing the entire benefit at one time. Interest credited on this account may be less than under other settlement options available under the contract.
Death Benefit Amount. For Direct contracts, the death benefit is your account value on the claim date.
The Mentor contracts provide a guaranteed minimum death benefit if the contract beneficiary (on behalf of the plan beneficiary, if applicable) elects a lump-sum distribution or an income phase payment option within six months of your death.
For Mentor contracts, the guaranteed minimum death benefit is the greater of:
a) | Your account value on the claim date; or |
b) | The sum of payments (minus any applicable premium tax) made to your contract minus withdrawals made from your contract (including any outstanding loan amount), as of the claim date. |
Taxation. The Tax Code requires distribution of death benefit proceeds within a certain period of time. In general, payments received by your beneficiary after your death are taxed to the beneficiary in the same manner as if you had received those payments. Additionally, your beneficiary may be subject to tax penalties if he or she does not begin receiving death benefit payments within the timeframe required by the Tax Code. See Taxation.
The Income Phase |
During the income phase, you receive payments from your accumulated account value.
Initiating Income Phase Payments. At least 30 days prior to the date you want to start receiving income phase payments, the contract holder, or you if permitted by the plan, must notify us in writing of the following:
The account will continue in the accumulation phase until the contract holder or you, as applicable, properly initiate income phase payments. Once an income phase payment option is selected, it may not be changed; however, certain options allow you to withdraw a lump sum.
What Affects Income Phase Payments? Some of the factors that may affect income phase payments include: your age, your account value, the income phase payment option selected, number of guaranteed payments (if any) selected, and whether you select variable or fixed payments.
Fixed Payments. Amounts funding fixed income phase payments will be held in the Companys general account. Fixed payments will remain the same over time.
Variable Payments. Amounts funding your variable income phase payments will be held in the subaccount(s) selected. The contracts may restrict the subaccounts available, the number of investment options to be selected and how many transfers, if any, are allowed among options during the income phase. For variable payments, an assumed net investment rate must be selected.
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Payments from the Fixed Plus Account II. If a nonlifetime income phase payment option is selected, payments from the Fixed Plus Account II may only be made on a fixed basis.
Assumed Net Investment Rate. If you select variable income phase payments, an assumed net investment rate must also be selected. If you select a 5% rate, your first payment will be higher, but subsequent payments will increase only if the investment performance of the subaccounts you selected is greater than 5% annually, after deduction of fees. Payment amounts will decline if the investment performance is less than 5%, after deduction of fees.
If you select a 3.5% rate, your first income phase payment will be lower and subsequent payments will increase more rapidly or decline more slowly depending upon the investment performance of the subaccounts you selected. For more information about selecting an assumed net investment rate, request a copy of the Statement of Additional Information by calling us. See Contract Overview-Questions: Contacting the Company.
Selecting an Increasing Payment. Under certain income phase payment options, if you select fixed payments, you may elect an increase of one, two, or three percent, compounded annually. The higher your percentage, the lower your initial payment will be, while future payments will increase each year at a greater rate. Generally, this feature is not available with cash refund payment options and nonlifetime options.
Charges Deducted. When you select an income payment phase option (one of the options listed in the tables immediately below), a mortality and expense risk charge, consisting of a daily deduction of 1.25% on an annual basis, will be deducted from amounts held in the subaccounts. This charge compensates us for mortality and expense risks we assume under variable income phase payout options and is applicable to all variable income phase payout options, including variable nonlifetime options under which we do not assume mortality risk. In this situation, this charge will be used to cover expenses. Although we expect to make a profit from this fee, we do not always do so. For variable options under which we do not assume a mortality risk, we may make a larger profit than under other options.
Required Minimum Payment Amounts. The initial income phase payment or the annual income phase payment total must meet the minimums stated in the contract. If your account value is too low to meet these minimum payment amounts, you will receive one lump-sum payment.
Death Benefit During the Income Phase. The death benefits that may be available to a beneficiary are outlined in the income phase payment option table on the following page. If a lump-sum payment is due as a death benefit, we will make payment within seven calendar days after we receive proof of death acceptable to us in good order and the payment request at the address listed in Contract Overview-Questions: Contacting the Company.
Unless the beneficiary elects otherwise, lump-sum payments will generally be made into an interest bearing account that is backed by our general account. This account can be accessed by the beneficiary through a checkbook feature. The beneficiary may access death benefit proceeds at any time through the checkbook without penalty, including accessing the entire benefit at one time. Interest credited on this account may be less than under other settlement options available under the contract.
Taxation. To avoid certain tax penalties, you and any beneficiary must meet the distribution rules imposed by the Tax Code. See Taxation.
Income Phase Payment Options
The following tables list the income phase payment options and accompanying death benefits that may be available under the contracts. Some contracts restrict the options and the terms available. Refer to your certificate or check with your contract holder for details. We may offer additional income phase payment options under the contract from time to time.
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Terms used in the Tables: |
Annuitant: The person(s) on whose life expectancy the income phase payments are calculated. Beneficiary: The person designated to receive the death benefit payable under the contract.
Lifetime Income Phase Payment Options Length of Payments: For as long as the annuitant lives. It is possible that only one | |
Life Income |
payment will be made should the annuitant die prior to the second payments due date. Death Benefit-None: All payments end upon the annuitants death. Length of Payments: For as long as the annuitant lives, with payments guaranteed for your choice of 5 to 30 years, or as otherwise specified in the contract. |
Life Income- Guaranteed Payments* |
Death Benefit-Payment to the Beneficiary: If the annuitant dies before we have made all the guaranteed payments, we will continue to pay the beneficiary the remaining payments. Unless prohibited by a prior election of the contract holder, the beneficiary may elect to receive a lump-sum payment equal to the present value of the remaining guaranteed payments. Length of Payments: For as long as either annuitant lives. It is possible that only one payment will be made should both annuitants die before the second payments due date. |
Life Income-Two Lives |
Continuing Payments: (a) When you select this option, you choose for 100%, 66 2/3% or 50% of the payment to continue to the surviving annuitant after the first death; or (b) 100% of the payment to continue to the annuitant on the second annuitants death, and 50% of the payment to continue to the second annuitant on the annuitants death. Death Benefit-None: All payments end after the death of both annuitants. Length of Payments: For as long as either annuitant lives, with payments guaranteed for your choice of 5 to 30 years, or as otherwise specified in the contract. |
Life Income-Two Lives-Guaranteed Payments* |
Continuing Payments: 100% of the payment to continue to the surviving annuitant after the first death. Death Benefit-Payment to the Beneficiary: If both annuitants die before the guaranteed payments have all been paid, we will continue to pay the beneficiary the remaining payments. Unless prohibited by a prior election of the contract holder, the beneficiary may elect to receive a lump-sum payment equal to the present value of the remaining guaranteed payments. |
Life Income-Cash Refund Option (limited avail- ability fixed payment only) Life Income-Two Lives-Cash Refund Option(limited availability-fixed payment only) |
Length of Payments: For as long as the annuitant lives. Death Benefit-Payment to the Beneficiary: Following the annuitants death, we will pay a lump-sum payment equal to the amount originally applied to the payment option (less any premium tax) and less the total amount of fixed income phase payments paid. Length of Payments: For as long as either annuitant lives. Continuing Payment: 100% of the payment to continue after the first death. Death Benefit-Payment to the Beneficiary: When both annuitants die, we will pay a lump-sum payment equal to the amount applied to the income phase payment option (less any premium tax) and less the total amount of fixed income phase payments paid. |
* Guaranteed period payments may not extend beyond the shorter of your life expectancy or until your age 95.
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Nonlifetime Income Phase Payment Options Length of Payments: Payments will continue for the number of years you choose, based on what is available under the contract. Under some contracts, for amounts held in the Fixed Plus Account II during the accumulation phase, the payment must be on a fixed | |
Nonlifetime- Guaranteed Payments* |
basis and must be for at least 5 years. In certain cases, a lump-sum payment may be requested at any time (see below). Death Benefit-Payment to the Beneficiary: If the annuitant dies before we make all the guaranteed payments, we will continue to pay the beneficiary the remaining payments. Unless prohibited by a prior election of the contract holder, the beneficiary may elect to |
receive a lump-sum payment equal to the present value of the remaining guaranteed payments. We will not impose any early withdrawal charge.
2
Lump-sum Payment: If the Nonlifetime-Guaranteed Payments option is elected with variable payments, you may request at any time that all or a portion of the present value of the remaining payments be paid in one lump sum. Lump-sum payments will be sent within seven calendar days after we receive the request for payment in good order at the address listed in Contract Overview-Questions: Contacting the Company. Calculation of Lump-sum Payments: If a lump-sum payment is available to a beneficiary or to you in the income phase payment options above, the rate we use to calculate the present value of the remaining guaranteed payments is the same rate we use to calculate the in come phase payments (i.e., the actual fixed rate used for the fixed payments or the 3.5% or 5% assumed net investment rate for variable payments).
* Guaranteed period payments may not extend beyond the shorter of your life expectancy or until your age 95.
Contract Distribution |
General. The Companys subsidiary, ING Financial Advisers, LLC serves as the principal underwriter for the contracts. ING Financial Advisers, LLC, a Delaware limited liability company, is registered as a broker-dealer with the SEC. ING Financial Advisers, LLC is also a member of the Financial Industry Regulatory Authority (FINRA) and the Securities Investor Protection Corporation (SIPC). ING Financial Advisers, LLCs principal office is located at One Orange Way, Windsor, Connecticut 06095-4774.
The contracts are offered to the public by individuals who are registered representatives of ING Financial Advisers, LLC or other broker dealers that have entered into a selling arrangement with ING Financial Advisers, LLC. We refer to ING Financial Advisers, LLC and the other broker-dealers selling the contracts as distributors.
All registered representatives selling the contracts must also be licensed as insurance agents for the Company.
The following is a list of broker-dealers that are affiliated with the Company:
Bancnorth Investment Group, Inc. Directed Services LLC Financial Network Investment Corporation Guaranty Brokerage Services, Inc. ING America Equities, Inc. ING DIRECT Securities, Inc. ING Financial Markets LLC ING Financial Partners, Inc. |
ING Funds Distributor, LLC ING Investment Management Services LLC ING Private Wealth Management LLC Multi-Financial Securities Corporation PrimeVest Financial Services, Inc. ShareBuilder Securities Corporation Systematized Benefits Administrators, Inc. |
Registered representatives of distributors who solicit sales of the contracts typically receive a portion of the compensation paid to the distributor in the form of commissions or other compensation, depending upon the agreement between the distributor and the registered representative. This compensation, as well as other incentives or payments, is not paid directly by contract holders or the separate account. We intend to recoup this compensation and other sales expenses paid to distributors through fees and charges imposed under the contracts.
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Commission Payments. There is no commission paid in connection with the sale of the Direct contracts. Persons who offer and sell the Mentor contracts may be paid a commission. The commission paid on transferred assets and recurring payments made during the first year of the participant account range up to 4.0% . After the first year of the participant account, renewal commissions up to 0.50% may be paid on recurring payments up to the amount of the previous years payments, and commissions of up to 6.0% may be paid on recurring payments in excess of this amount. In addition, the Company may pay an asset based commission ranging up to 0.10% .
Commissions and annual payments, when combined, could exceed 4.0% of total premium payments. To the extent permitted by SEC and FINRA rules and other applicable laws and regulations, we may also pay or allow other promotional incentives or payments in the form of cash payments or other compensation to distributors, which may require the registered representative to attain a certain threshold of sales of Company products. These other promotional incentives or payments may not be offered to all distributors, and may be limited only to ING Financial Advisers, LLC and other distributors affiliated with the Company.
We may also enter into special compensation arrangements with certain selling firms based on those firms aggregate or anticipated sales of the contracts or other criteria. These arrangements may include commission specials, in which additional commissions may be paid in connection with premium payments received for a limited time period, within the maximum commission rates noted above. These special compensation arrangements will not be offered to all selling firms, and the terms of such arrangements may differ among selling firms based on various factors. These special compensation arrangements may also be limited only to ING Financial Advisers, LLC and other distributors affiliated with the Company. Any such compensation payable to a selling firm will not result in any additional direct charge to you by us.
Some sales personnel may receive various types of non-cash compensation as special sales incentives, including trips, and we may also pay for some sales personnel to attend educational and/or business seminars. Any such compensation will be paid in accordance with SEC and FINRA rules. Management personnel of the Company, and of its affiliated broker-dealers, may receive additional compensation if the overall amount of investments in funds advised by the Company or its affiliates meets certain target levels or increases over time. Compensation for certain management personnel, including sales management personnel, may be enhanced if the overall amount of investments in the contracts and other products issued or advised by the Company or its affiliates increases over time. Certain sales management personnel may also receive compensation that is a specific percentage of the commissions paid to distributors or of purchase payments re ceived under the contracts.
In addition to direct cash compensation for sales of contracts described above, ING Financial Advisers, LLC may also pay distributors additional compensation or reimbursement of expenses for their efforts in selling contracts to you and other customers. These amounts may include:
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We pay dealer concessions, wholesaling fees, overrides, bonuses, other allowances and benefits and the costs of all other incentives or training programs from our resources, which include the fees and charges imposed under the contracts.
The following is a list of the top 25 selling firms that, during 2007, received the most compensation, in the aggregate, from us in connection with the sale of registered variable annuity contracts issued by the Company, ranked by total dollars received.
1) | Symetra Investment Services, Inc. |
2) | AIG Financial Advisors Inc. |
3) | Financial Network Investment Corporation |
4) | Linsco/Private Ledger Corp. |
5) | Lincoln Investment Planning, Inc. |
6) | Walnut Street Securities, Inc.® |
7) | Valor Insurance Agency, Inc. |
8) | NFP Securities, Inc. |
9) | ING Financial Partners, Inc. |
10) | National Planning Corporation |
11) | Multi-Financial Securities Corporation |
12) | Jefferson Pilot Securities Corporation |
13) | Securities America, Inc. |
14) | Cadaret, Grant & Co., Inc. |
15) | Wachovia Securities, LLC |
16) | First Heartland® Capital, Inc. |
17) | Northwestern Mutual Investment Services, LLC |
18) | A.G. Edwards & Sons, Inc. |
19) | Financial Telesis Inc./JHW Financial & Insurance |
Services |
20) | Tower Square Securities, Inc. |
21) | Mutual Service Corporation |
22) | Morgan Keegan and Company, Inc. |
23) | Ameritas Investments Corp. |
24) | Lincoln Financial Advisors Corp. |
25) | Waterstone Financial Group |
If the amounts paid to ING Financial Advisers, LLC, were included, ING Financial Advisers, LLC would be first on the list.
This is a general discussion of the types and levels of compensation paid by us for the sale of our variable annuity contracts. It is important for you to know that the payment of volume or sales-based compensation to a distributor or registered representative may provide that registered representative a financial incentive to promote our contracts over those of another Company, and may also provide a financial incentive to promote one of our contracts over another.
The names of the distributor and the registered representative responsible for your contract are stated in your application materials.
Third Party Compensation Arrangements. |
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Taxation I. Introduction |
This section discusses our understanding of current federal income tax laws affecting the contracts. You should keep the following in mind when reading it:
We do not intend this information to be tax advice. For advice about the effect of federal income taxes or any other taxes on amounts held or paid out under the contracts, consult a tax adviser. No attempt is made to provide more than general information about the use of the contracts with tax qualified retirement arrangements.
For more comprehensive information contact the Internal Revenue Service (IRS).
II. Qualified Contracts
The contracts are available for purchase on a tax-qualified basis (qualified contracts).
Qualified contracts are designed for use by individuals and/or employers whose premium payments are comprised solely of proceeds from and/or contributions under retirement plans or programs intended to qualify for special income tax treatment under Tax Code section 457(b) or 403(b) (including Roth 403(b)), as well as qualified governmental excess benefit plans under Tax Code section 415(m).
Taxation of Qualified Contracts |
In this Section Introduction |
Qualified Contracts Possible Changes in Taxation Taxation of the Company
When consulting a tax adviser, be certain that he or she has expertise in the Tax Code sections applicable to your tax concerns.
General
The contracts are primarily designed for use with Tax Code section 403(b) (including Roth 403(b)) and 457(b) plans, as well as with qualified governmental excess benefit arrangements under Tax Code section 415(m). (We refer to all of these as qualified plans.) The tax rules applicable to participants in these qualified plans vary according to the type of plan and the terms and conditions of the plan itself. The ultimate effect of federal income taxes on the amounts held under a contract, or on income phase payments, depends on the type of retirement plan or program, the tax and employment status of the individual concerned, and on your tax status. Special favorable tax treatment may be available for certain types of contributions and distributions. In addition, certain requirements must be satisfied in purchasing a qualified contract with proceeds from a tax-qualified plan or program in order to continue receiving favorable tax treatment.
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Adverse tax consequences may result from: contributions in excess of specified limits, distributions before age 59½ (subject to certain exceptions), distributions that do not conform to specified commencement and minimum distribution rules, and in other specified circumstances. Some qualified plans are subject to additional distribution or other requirements that are not incorporated into our contract. No attempt is made to provide more than general information about the use of the contracts with qualified plans. Contract holders, participants, annuitants, and beneficiaries are cautioned that the rights of any person to any benefit under these qualified plans may be subject to the terms and conditions of the plan themselves, regardless of the terms and conditions of the contract. The Company is not bound by the terms and conditions of such plans to the extent such terms contradict the contract, unless we consent.
Generally, contract holders, participants, and beneficiaries are responsible for determining that contributions, distributions and other transactions with respect to the contract comply with applicable law. Therefore, you should seek competent legal and tax advice regarding the suitability of a contract for your particular situation. The following discussion assumes that qualified contracts are purchased with proceeds from and/or contributions under retirement plans or programs that qualify for the intended special federal tax treatment.
Tax Deferral
Under the federal tax laws, earnings on amounts held in annuity contracts are generally not taxed until they are withdrawn. However, in the case of a qualified plan (as defined in this prospectus), an annuity contract is not necessary to obtain this favorable tax treatment and does not provide any tax benefits beyond the deferral already available to the qualified plan itself. Annuities do provide other features and benefits (such as the guaranteed death benefit or the option of lifetime income phase options at established rates) that may be valuable to you. You should discuss your alternatives with your financial representative taking into account the additional fees and expenses you may incur in an annuity.
Section 403(b) and Roth 403(b) Tax-Deferred Annuities. The contracts are available as Tax Code section 403(b) tax-deferred annuities. Section 403(b) of the Tax Code allows employees of certain Tax Code section 501(c)(3) organizations and public schools to exclude from their gross income the premium payments made, within certain limits, to a contract that will provide an annuity for the employees retirement.
The contracts may also be available as a Roth 403(b), as described in Tax Code section 402A, and we may set up accounts for you under the contract for Roth 403(b) contributions. Tax Code section 402A allows employees of public schools and certain Tax Code section 501(c)(3) organizations to contribute after-tax salary contributions to a Roth 403(b), which provides for tax-free distributions, subject to certain restrictions.
In July 2007, the Treasury Department issued final regulations that are generally effective January 1, 2009. These final regulations may be relied upon prior to that date as long as reliance is on a reasonable and consistent basis. We reserve the right to modify the contracts to comply with these regulations where allowed, or where required by law. The final regulations include: (a) a written plan requirement; (b) the ability to terminate a 403(b) plan, which would entitle a participant to a distribution; (c) the replacement of IRS Revenue Ruling 90-24 with new exchange rules effective September 25, 2007 and requiring information sharing between the 403(b) plan sponsor and/or its delegate the product provider as well as new plan-to-plan transfer rules (under these new exchange and transfer rules, the 403(b) plan sponsor can elect not to permit exchanges or transfers); and (d) new distribution rules for 403(b)(1) annuities that would impose withdrawal restrictions on non-salary reduction contribution amounts in addition to salary reduction contribution amounts, as well as other changes.
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In addition to being offered as an investment option under the contract, shares of the following funds:
are also offered for sale directly to the general public. In order to qualify for favorable tax treatment under Tax Code section 403(b), a contract must be considered an annuity. In Revenue Procedure 99-44, the IRS concluded that it will treat a contract as an annuity for tax purposes under Tax Code section 403(b), notwithstanding that contract premiums are invested at the contract holders direction in publicly available securities. This treatment will be available provided no additional tax liability would have been incurred if the contribution was paid into a trust or a custodial account in an arrangement that satisfied the requirements of Tax Code section 401(a) or 403(b)(7)(A).
We believe that the contracts satisfy the requirements set forth in Revenue Procedure 99-44 and will therefore be treated as an annuity for tax purposes, notwithstanding the fact that investments may be made in publicly available securities. However, the exact nature of the requirements of Revenue Procedure 99-44 is unclear, and you should consider consulting with a tax adviser before electing to invest in a fund that is offered for sale to the general public.
Revenue Procedure 99-44 does not specially address the use of publicly available securities in annuity contracts designed for use as a Roth 403(b). However, we believe that under this analysis such investment should not impact the treatment of such contracts as annuity contracts for purposes of Tax Code section 403(b). You should consider consulting with a tax adviser before electing to invest in a fund that is offered for sale to the general public through one of these contracts.
Section 457(b) Plans. Section 457(b) of the Tax Code permits certain employers to offer deferred compensation plans for their employees. These plans may be offered by state governments, local governments, political subdivisions, agencies, instrumentalities and certain affiliates of such entities (governmental employers), as well as non-governmental, tax-exempt organizations (non-governmental employers). Generally, participants may specify the form of investment for their deferred compensation account. 457(b) plans of governmental employers are required to hold all assets and income of the plan in trust for the exclusive benefit of plan participants and their beneficiaries. For purposes of meeting this requirement, an annuity contract is treated as a trust.
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415(m) Arrangements. If you participate in the contract through a qualified governmental excess benefit arrangement as defined in Tax Code section 415(m), the amounts provided under the contract may be subject to the same requirements as those applied to Tax Code section 457(b) plans. If the Tax Code section 415(m) arrangement is not designed to meet the requirements of Tax Code section 457(b), then the amounts provided under the contract are taxed in accordance with Tax Code section 451 and are generally taxable when paid or made available to you. Participation in a 415(m) plan is limited to individuals in qualified retirement plans that have exceeded their annual contribution limits under section 415 of the Tax Code. In general, contributions are limited to 100% of an individuals compensation, and amounts so contributed may be subject to a substantial risk of forfeiture. Contributions are generally not includible in a participants gross income for federal income tax purposes until paid or otherwise made available. Distributions from a 415(m) are generally not limited by the Tax Code, but are subject to the terms of the plan. There is no 10% premature distribution penalty tax on payments, and required minimum distributions are not applicable. Rollovers of distributions from these plans are not allowed. There is no further information regarding 415(m) arrangements in this prospectus.
Contributions
In order to be excludable from gross income for federal income tax purposes, total annual contributions to certain qualified plans are limited by the Tax Code. We provide general information on these requirements for certain plans below. You should consult with your tax adviser in connection with contributions to a qualified contract.
403(b) and Roth 403(b) Plans. The total annual contributions by you and your employer (including pre-tax and Roth 403(b) after-tax contributions) cannot exceed, generally, the lesser of 100% of your compensation or $46,000 (as indexed for 2008). Compensation means your compensation for the year from the employer sponsoring the plan and, for years beginning after December 31, 1997, includes any elective deferrals under Tax Code section 402(g) and any amounts not includible in gross income under Tax Code sections 125 or 457.
This limit applies to your contributions as well as to any contributions made by your employer on your behalf. An additional requirement limits your salary reduction contributions to a 403(b) or Roth 403(b) plan to generally no more than $15,500. Contribution limits are subject to annual adjustments for cost-of-living increases. Your own limit may be higher or lower, depending upon certain conditions.
With the exception of Roth 403(b) contributions, purchase payments to your account(s) will be generally excluded from your gross income. Roth 403(b) salary reduction contributions are made on an after-tax basis.
457(b) Plans. In order to be excludible from gross income for federal income tax purposes, total annual contributions made by you and your employer to a 457(b) plan cannot exceed, generally, the lesser of $15,500 or 100% of your includible compensation. Generally, includible compensation means your compensation for the year from the employer sponsoring the plan, including deferrals to an employers Tax Code section 457, 401(k), Roth 401(k), 403(b), Roth 403(b), and 125 cafeteria plans.
The $15,500 limit is subject to an annual adjustment for cost-of-living increases.
Catch-up Contributions. Notwithstanding the contribution limits noted above, a participant in a 403(b), Roth 403(b), or a 457(b) plan of a governmental employer who is at least age 50 by the end of the plan year may contribute an additional amount not to exceed the lesser of:
(a) | $5,000; or |
(b) | The participants compensation for the year reduced by any other elective deferrals of the participant for the year. |
Additional catch-up provisions may be available. For advice on using a catch-up provision, please consult with your tax adviser.
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Distributions - General
Certain tax rules apply to distributions from the contracts. A distribution is any amount taken from a contract including withdrawals, income phase payments, rollovers, exchanges and death benefit proceeds. We report the taxable portion of all distributions to the IRS.
403(b) and Governmental 457(b) Plans. All distributions from these plans are taxed as received unless one of the following is true:
A payment is an eligible rollover distribution unless it is: |
The Tax Code imposes a 10% penalty tax on the taxable portion of any distribution from a contract used with a 403(b) plan (or amounts from a governmental 457(b) plan that are attributable to rollovers from a 401(a), 401(k), or 403(b) plan) unless certain exceptions, including one or more of the following, have occurred:
a) | You have attained age 59½; |
b) | You have become disabled, as defined in the Tax Code; |
c) | You have died and the distribution is to your beneficiary; |
d) | You have separated from service with the sponsor at or after age 55; |
e) | The distribution amount is rolled over into another eligible retirement plan or to an IRA in accordance with the terms of the Tax Code; |
f) | You have separated from service with the plan sponsor and the distribution amount is made in substantially equal periodic payments (at least annually) over your life or the life expectancy or the joint lives or joint life expectancies of you and your designated beneficiary; |
g) | The distribution is made due to an IRS levy upon your plan; |
h) | The withdrawal amount is paid to an alternate payee under a Qualified Domestic Relations Order (QDRO); or |
i) | The distribution is a qualified reservist distribution as defined under the Pension Protection Act of 2006. |
In addition, the 10% penalty tax does not apply to the amount of a distribution equal to unreimbursed medical expenses incurred by you during the taxable year that qualify for deduction as specified in the Tax Code. The Tax Code may provide other exceptions or impose other penalty taxes in other circumstances.
403(b) Plans. Distribution of amounts restricted under Tax Code section 403(b)(11) may only occur upon your death, attainment of age 59½, severance from employment, disability or financial hardship or under other exceptions as provided for by the Tax Code or regulations. (See Withdrawals Withdrawal Restrictions.) Such distributions remain subject to other applicable restrictions under the Tax Code.
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Effective January 1, 2009 and for any contracts or participant accounts established on or after that date, the new 403(b) regulations prohibit the distribution of amounts attributable to employer contributions before the earlier of your severance from employment or prior to the occurrence of some event, such as after a fixed number of years, the attainment of a stated age, or a disability.
If the Company agrees to accept amounts exchanged from a Tax Code section 403(b)(7) custodial account, such amounts will be subject to the withdrawal restrictions set forth in Tax Code section 403(b)(7)(A)(ii).
457(b) Plans of Governmental Employers. Under a 457(b) plan of a governmental employer, amounts may not be made available to you earlier than (1) the calendar year you attain age 70½; (2) when you experience a severance from employment with your employer; or (3) when you experience an unforeseeable emergency. A one-time in-service distribution may also be permitted if the total amount payable to the participant does not exceed $5,000 and no amounts have been deferred by the participant during the 2-year period ending on the date of distribution.
Roth 403(b) Plans. You may take partial or full withdrawals of purchase payments made by salary reduction and earnings credited on those payments from a Roth 403(b) account only if you have:
a) | Attained age 59½; |
b) | Experienced a severance from employment; |
c) | Become disabled as defined in the Tax Code; |
d) | Died; |
e) | Experienced financial hardship as defined by the Tax Code; or |
f) | Met other circumstances as allowed by federal law, regulations, or rulings. |
The amount available for financial hardship is limited to the lesser of the amount necessary to satisfy the financial hardship or the amount attributable to salary reduction contributions (excluding earnings on such contributions).
A partial or full withdrawal of purchase payments made by salary reduction to a Roth 403(b) account and earnings credited on those purchase payments will be excludable from income if it is a qualified distribution. A qualified distribution from a Roth 403(b) account is one that meets the following requirements.
1. | The withdrawal occurs after the 5-year taxable period measured from the earlier of: | |
a) | The first taxable year you made a designated Roth 403(b) contribution to any designated Roth 403(b) account established for you under the same applicable retirement plan as defined in Tax Code section 402(A); or | |
b) | If a rollover contribution was made from a designated Roth 403(b) account previously established for you under another applicable retirement plan, the first taxable year for which you made a designated Roth 403(b) contribution to such previously established account; and | |
2. | The withdrawal occurs after you attain age 59½, die with payment being made to your beneficiary, or become | |
disabled as defined in the Tax Code. |
Special Hurricane-Related Relief. The Katrina Emergency Tax Relief Act and the Gulf Opportunity Zone Act provide tax relief to victims of Hurricanes Katrina, Rita and Wilma. The relief includes a waiver of the 10% penalty tax on qualified hurricane distributions from eligible retirement plans (including 403(b) and governmental 457(b) plans). In addition, the 20% mandatory withholding rules do not apply to these distributions and the tax may be spread out ratably over a three-year period. A recipient of qualified hurricane distribution may also elect to re-contribute all or a portion of the distribution to an eligible retirement plan within three (3) years of receipt without tax consequences. Other relief may also apply. You should consult a competent tax adviser for further information.
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Lifetime Required Minimum Distributions (Section 403(b), Roth 403(b), and 457(b) Plans)
To avoid certain tax penalties, you and any designated beneficiary must meet the required minimum distribution requirements imposed by the Tax Code. These rules dictate the following:
Start Date. Generally, you must begin receiving distributions by April 1 of the calendar year following the calendar year in which you attain age 70½ or retire, whichever occurs later, unless:
Time Period. We must pay out distributions from the contract over a period not extending beyond one of the following time periods:
Distribution Amounts. The amount of each required minimum distribution must be calculated in accordance with Tax Code section 401(a)(9). The entire interest in the account includes the amount of any outstanding rollover, transfer, recharacterization, if applicable, and the actuarial present value of any other benefits provided under the account, such as guaranteed death benefits.
50% Excise Tax. If you fail to receive the required minimum distribution for any tax year, a 50% excise tax may be imposed on the required amount that was not distributed.
Further information regarding required minimum distributions may be found in your contract or certificate.
Required Distributions Upon Death (Section 403(b), Roth 403(b), and 457(b) Plans)
Different distribution requirements apply after your death, depending upon if you have begun receiving required minimum distributions. Further information regarding required distributions upon death may be found in your contract or certificate.
If your death occurs on or after you begin receiving minimum distributions under the contract, distributions generally must be made at least as rapidly as under the method in effect at the time of your death. Tax Code section 401(a)(9) provides specific rules for calculating the minimum required distributions after your death.
If your death occurs before you begin receiving minimum distributions under the contract, your entire balance must be distributed by December 31 of the calendar year containing the fifth anniversary of the date of your death. For example, if you died on September 1, 2008, your entire balance must be distributed to the designated beneficiary by December 31, 2013. However, if distributions begin by December 31 of the calendar year following the calendar year of your death, then payments may be made within one of the following timeframes:
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Start Dates for Spousal Beneficiaries. If the designated beneficiary is your spouse, distributions must begin on or before the later of the following:
No Designated Beneficiary. If there is no designated beneficiary, the entire interest generally must be distributed by the end of the calendar year containing the fifth anniversary of the contract holders death.
Withholding |
Any taxable distributions under the contract are generally subject to withholding. Federal income tax liability rates vary according to the type of distribution and the recipients tax status.
403(b), Roth 403(b) and 457(b) Plans. Generally, distributions from these plans are subject to a mandatory 20% federal income tax withholding. However, mandatory withholding will not be required if you elect a direct rollover of the distributions to an eligible retirement plan or in the case of certain distributions described in the Tax Code.
Non-resident Aliens. If you or your designated beneficiary is a non-resident alien, then any withholding is governed by Tax Code section 1441 based on the individuals citizenship, the country of domicile and treaty status.
Assignment and Other Transfers. |
403(b), Roth 403(b) and 457(b) Plans. Adverse tax consequences to the plan and/or to you may result if your beneficial interest in the contract is assigned or transferred to persons other than:
III. Possible Changes in Taxation |
Although the likelihood of legislative change and tax reform is uncertain, there is always the possibility that the tax treatment of the contracts could change by legislation or other means. It is also possible that any change could be retroactive (that is, effective before the date of the change). The Pension Protection Act of 2006 made permanent pension and IRA provisions under the Economic Growth and Tax Relief Reconciliation Act of 2001. You should consult a tax adviser with respect to legislative developments and their effect on the contract.
IV. Taxation of the Company |
We are taxed as a life insurance company under the Tax Code. Variable Annuity Account C is not a separate entity from us. Therefore, it is not taxed separately as a regulated investment company but is taxed as part of the Company.
We automatically apply investment income and capital gains attributable to the separate account to increase reserves under the contracts. Because of this, under existing federal tax law we believe that any such income and gains will not be taxed to the extent that such income and gains are applied to increase reserves under the contracts. In addition, any foreign tax credits attributable to the separate account will be first used to reduce any income taxes imposed on the separate account before being used by the Company.
In summary, we do not expect that we will incur any federal income tax liability attributable to the separate account and we do not intend to make any provision for such taxes. However, changes in federal tax laws and/or their interpretation may result in our being taxed on income or gains attributable to the separate account. In this case we may impose a charge against the separate account (with respect to some or all of the contracts) to set aside provisions to pay such taxes. We may deduct this amount from the separate account, including from your contract value invested in the subaccounts.
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Other Topics Performance Reporting |
We may advertise different types of historical performance for the subaccounts including:
We may also include certain ratings, rankings or other information related to the Company, the subaccounts or the funds.
Standardized Average Annual Total Return. We calculate standardized average annual total returns according to a formula prescribed by the SEC. This shows the percentage return applicable to $1,000 invested in the subaccounts over the most recent month end, one, five and ten-year periods. If the investment option was not available for the full period, we give a history from the date money was first received in that option under the separate account or from the date the fund was first available under the separate account. As an alternative to providing the most recent month-end performance, we may provide a phone number, website or both where these returns may be obtained.
We include all recurring charges during each period (e.g., mortality and expense risk charges).
Non-Standardized Average Annual Total Returns. We calculate non-standardized average annual total returns in a similar manner as that stated above, except we may include returns that do not reflect the deduction of any applicable early withdrawal charge. Some non-standardized returns may also exclude the effect of a maintenance fee. If we reflected these charges in the calculation, it would decrease the level of performance reflected by the calculation. Non-standardized returns may also include performance from the funds inception date, if that date is earlier than the one we use for standardized returns.
Voting Rights |
Each of the subaccounts holds shares in a fund and each is entitled to vote at regular and special meetings of that fund. Under our current view of applicable law, we will vote the shares for each subaccount as instructed by persons having a voting interest in the subaccount. Generally, under group contracts issued in connection with section 403(b) plans (including Roth 403(b) plans), you have a fully vested interest in the value of your employee account, and in your employer account to the extent of your vested percentage in the plan. Therefore, under such plans we seek authorization from the contract holder to vote shares attributable to the contract in accordance with voting instructions received from the individual participants under the contract. Under contracts issued in connection with section 457(b) and 415(m) plans, the contract holder retains all voting rights.
We will vote all shares held by the subaccount whether or not we have received voting instructions for such shares. We vote shares for which instructions have not been received in the same proportion as those for which we received instructions. We do not require that we receive voting instructions representing a minimum number of shares in order to vote all shares of the subaccount. As a result of the proportional voting described above, the disposition of a matter may be determined by the vote of a small number of contract holders or participants.
Each person who has a voting interest in the separate account will receive periodic reports relating to the funds in which he or she has an interest, as well as any proxy materials and a form on which to give voting instructions. Voting instructions will be solicited by a written communication at least 14 days before the meeting.
The number of votes (including fractional votes) you are entitled to direct will be determined as of the record date set by any fund you invest in through the subaccounts.
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We may restrict or eliminate any voting rights of persons who have voting rights as to the separate account as allowed by law.
Contract Modifications |
We may change the contract as required by federal or state law or as otherwise permitted in the contract. Certain changes will require the approval of appropriate state or federal regulatory authorities. Only an authorized officer of the Company may change the terms of the contract.
We reserve the right to amend the contract to include any future changes required to maintain the contract (and the Roth 403(b) accounts) as a designated Roth 403(b) annuity contract (or account) under the Tax Code, regulations, IRS rulings and requirements.
Legal Matters and Proceedings |
We are not aware of any pending legal proceedings which involve the separate account as a party.
The Company is involved in threatened or pending lawsuits/arbitrations arising from the normal conduct of business. Due to the climate in insurance and business litigation/arbitrations, suits against the Company sometimes include claims for substantial compensatory, consequential, or punitive damages and other types of relief. Moreover, certain claims are asserted as class actions, purporting to represent a group of similarly situated individuals. While it is not possible to forecast the outcome of such lawsuits/arbitrations, in light of existing insurance, reinsurance, and established reserves, it is the opinion of management that the disposition of such lawsuits/arbitrations will not have a materially adverse effect on the Companys operations or financial position.
ING Financial Advisers, LLC, the principal underwriter and distributor of the contract (the distributor), is a party to threatened or pending lawsuits/arbitration that generally arise from the normal conduct of business. Some of these suits may seek class action status and sometimes include claims for substantial compensatory, consequential or punitive damages and other types of relief. ING Financial Advisers, LLC is not involved in any legal proceeding which, in the opinion of management, is likely to have a material adverse effect on its ability to distribute the contract.
Payment Delay or Suspension |
We reserve the right to suspend or postpone the date of any payment of benefits or values under any one of the following circumstances:
The conditions under which restricted trading or an emergency exists shall be determined by the rules and regulations of the SEC.
Transfers, Assignments or Exchanges of a Contract
A transfer of ownership or assignment of a contract, the designation of an annuitant, payee or other beneficiary who is not also the contract holder, or the exchange of a contract may result in certain tax consequences to the contract holder that are not discussed herein. A contract holder contemplating any such transfer, assignment, or exchange of a contract should contact a competent tax adviser with respect to the potential tax effects of such a transaction.
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Account Termination |
Where allowed by state law, we reserve the right to terminate an individual account if the account value is less than $5,000, if this value is not due to negative investment performance, and if no purchase payments have been received within the previous twelve months. We will notify you or the contract holder 90 days prior to terminating the account.
Intent to Confirm Quarterly |
We will provide confirmation of scheduled transactions quarterly rather than immediately to the participant.
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Contents of the Statement of Additional Information
The Statement of Additional Information (SAI) contains more specific information on the separate account and the contract, as well as the financial statements of the separate account and the Company. The following is a list of the contents of the SAI.
General Information and History Variable Annuity Account C Offering and Purchase of Contracts Income Phase Payments Sales Material and Advertising
Independent Registered Public Accounting Firm Financial Statements of Variable Annuity Account C
Consolidated Financial Statements of ING Life Insurance and Annuity Company
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APPENDIX I FIXED PLUS ACCOUNT II |
The Fixed Plus Account II is an investment option available during the accumulation phase.
Amounts allocated to the Fixed Plus Account II are held in the Companys general account which supports insurance and annuity obligations.
Additional information about this option may be found in the contract.
General Disclosure. Interests in the Fixed Plus Account II have not been registered with the SEC in reliance upon exemptions under the Securities Act of 1933, as amended. Disclosure in this prospectus regarding the Fixed Plus Account II may be subject to certain generally applicable provisions of the federal securities laws relating to the accuracy and completeness of the statements. Disclosure in this Appendix regarding the Fixed Plus Account II has not been reviewed by the SEC.
Certain Restrictions. We reserve the right to limit investment in or transfers to the Fixed Plus Account II. If we waive these transfer limits, we reserve the right to reinstate these limits without notice. You may not elect certain withdrawal options, including systematic distribution options, if you have requested a Fixed Plus Account II transfer or withdrawal in the prior 12-month period. Under certain emergency conditions, we may defer payment of a withdrawal from the Fixed Plus Account II for a period of up to six months or as provided by federal law.
Interest Rates. The Fixed Plus Account II guarantees that amounts allocated to this option will earn the minimum interest rate specified in the contract. We may credit a higher interest rate from time to time, but the rate we credit will never fall below the guaranteed minimum specified in the contract. Among other factors, the safety of the interest rate guarantees depends upon the claims-paying ability of the Company. Amounts applied to the Fixed Plus Account II will earn the interest rate in effect at the time money is applied. Amounts in the Fixed Plus Account II will reflect a compound interest rate as credited by us. The rate we quote is an annual effective yield.
Our determination of credited interest rates reflects a number of factors, including mortality, expense and administrative risks, interest rate guarantees, the investment income earned on invested assets and the amortization of any capital gains and/or losses realized on the sale of invested assets. We assume the risk of investment gain or loss by guaranteeing the amounts you allocate to this option and promising a minimum interest rate and income phase payment.
Requests for Partial Withdrawals. The contract holder or you, if permitted by the plan, may take up to 20% of the Fixed Plus Account II value as a partial withdrawal in each twelve (12) month period. We determine the amount eligible for partial withdrawal as of the date we receive a request for partial withdrawal in good order at the address listed in Contract Overview Questions: Contacting the Company. The amount allowed for partial withdrawal is reduced by any Fixed Plus Account II withdrawals, transfers, loans or amounts applied to income phase payment options made in the prior 12 months. In calculating the 20% limit, we reserve the right to include payments made due to the election of a systematic distribution option.
Waiver of Partial Withdrawal Limits. We waive the 20% limit if the partial withdrawal is due to the election of an income phase payment option. We also waive the 20% limit for withdrawals due to your death before income phase payments begin. The waiver upon death may only be exercised once and must occur within six months after your date of death.
Additionally, we may allow other waivers of the percentage limit on partial withdrawals to participants in certain plans. You can determine what additional waiver, if any, apply to you by referring to the contract or certificate.
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Requests for Full Withdrawals. If the contract holder or you, if allowed by the plans, request a full withdrawal of your account value, we will pay any amounts held in the Fixed Plus Account II, with interest, in five annual payments equal to:
Once we receive a request for a full withdrawal, no further withdrawals, loans or transfers will be permitted from the Fixed Plus Account II. A full withdrawal may be cancelled at any time before the end of the five-payment period. No early withdrawal charges apply to full withdrawals from the Fixed Plus Account II.
Waiver of Full Withdrawal Provisions. We will waive the Fixed Plus Account II five-installment payout for full withdrawals made due to one or more of the following:
(a) | Due to your death during the accumulation phase if the amount is paid within six months of your death; or |
(b) | Due to the election of a lifetime income phase payment option or a nonlifetime income phase payment option on a fixed basis; or |
(c) | When the Fixed Plus Account II value is $2,000 or less (or, if applicable, as otherwise allowed by the plan for a lump-sum cash-out without participant consent) and no withdrawals, transfers, loans or elections of income phase payment options have been made from the account within the prior 12 months; or |
(d) | Due to financial hardship (or unforeseeable emergency) as defined by the Tax Code and regulations thereunder, if all of the following conditions are met: |
(e) Due to your separation from service with the employer, provided that all the following apply:
(f) | Additionally, we may allow other waiver of the five-installment payout for full withdrawals to participants in certain plans. You can determine what additional waiver, if any, apply to you be referring to the contract or certificate. |
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Charges. We do not make deductions from amounts in the Fixed Plus Account II to cover mortality, expense or administrative risks. We consider these risks when determining the credited rate.
Transfers. The contract holder or you, if allowed by the plan, may transfer 20% of your account value held in the Fixed Plus Account II in each rolling 12-month period. We determine the amount eligible for transfers on the day we receive a transfer request in good order at the address listed in Contract Overview Questions: Contacting the Company. We will reduce amounts allowed for transfer by any Fixed Plus Account II withdrawals, transfers, loans or amounts applied to income phase payment options during the 12 months. We also reserve the right to include payments made due to the election of any of the systematic distribution options. We will waive the percentage limit on transfers, when the value in the Fixed Plus Account II is $2,000. We may also waive the percentage limit on transfers depending upon the investment options selected by the contract.
If you transfer 20% of your account value held in the Fixed Plus Account II in each of four consecutive 12-month periods, you may transfer the remaining balance in the succeeding 12-month period provided you do not allocate any amount to or transfer any other amount from the Fixed Plus Account II during the five-year period. The 20% amount available to transfer under this provision will be reduced by any amount transferred, taken as a loan, or applied to income phase payment options within the 12-month period preceding the first 20% transfer. Also, we may reduce it for payments we made from your Fixed Plus Account II value under any systematic distribution option.
Contract Loans. If permitted under the plan, loans may be made from account values held in the Fixed Plus Account II. See the loan agreement for a description of the amount available and possible consequences upon loan default if Fixed Plus Account II values are used for a loan.
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APPENDIX II DESCRIPTION OF UNDERLYING FUNDS
List of Fund Name Changes |
Current Fund Name Former Fund Name
ING BlackRock Global Science and Technology Portfolio ING VP Global Science and Technology Portfolio ING Davis New York Venture Portfolio ING Davis Venture Value Portfolio
The investment results of the mutual funds (funds) are likely to differ significantly and there is no assurance that any of the funds will achieve their respective investment objectives. You should consider the investment objectives, risks and charges, and expenses of the funds carefully before investing. Please refer to the fund prospectuses for additional information. Shares of the funds will rise and fall in value and you could lose money by investing in the funds. Shares of the funds are not bank deposits and are not guaranteed, endorsed or insured by any financial institution, the Federal Deposit Insurance Corporation or any other government agency. Except as noted, all funds are diversified, as defined under the Investment Company Act of 1940. Fund prospectuses may be obtained free of charge at the address and telephone number listed in Contract Overview Questions: Contacting the Company, by acces sing the SECs web site or by contacting the SEC Public Reference Branch.
Certain funds offered under the contracts have investment objectives and policies similar to other funds managed by the funds investment adviser. The investment results of a fund may be higher or lower than those of other funds managed by the same adviser. There is no assurance and no representation is made that the investment results of any fund will be comparable to those of another fund managed by the same investment adviser.
For the share class of each fund offered through your contract, please see the cover page.
Fund Name | Investment Adviser/ | Investment Objective(s) | ||
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Subadviser | ||||
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Artisan Funds, Inc - Artisan | Artisan Partners Limited | Seeks maximum long-term capital growth. | ||
International Fund | Partnership | |||
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Columbia Funds Series Trust | Columbia Management | Seeks long-term capital appreciation. | ||
Columbia Mid Cap Value Fund | Advisors, LLC | |||
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EuroPacific Growth Fund Ò | Capital Research and | Seeks to provide long-term growth of capital by | ||
Management Company | investing in companies based outside the United | |||
States. | ||||
| ||||
Fidelity Ò Variable Insurance Products | Fidelity Management & | Seeks long-term capital appreciation. | ||
Fidelity Ò VIP Contrafund Ò | Research Company | |||
Portfolio | ||||
Subadvisers: | ||||
FMR Co., Inc.; Fidelity | ||||
Research & Analysis | ||||
Company; Fidelity | ||||
Management & Research | ||||
(U.K.) Inc.; Fidelity | ||||
International Investment | ||||
Advisors; Fidelity | ||||
International Investment | ||||
Advisors (U.K.) Limited; | ||||
Fidelity Investments | ||||
Japan Limited | ||||
|
PRO.134760-08 |
48 |
Fund Name | Investment Adviser/ | Investment Objective(s) | ||
|
||||
Subadviser | ||||
|
||||
Fidelity Ò Variable Insurance Products | Fidelity Management & | Seeks reasonable income. Also considers the | ||
Fidelity Ò VIP Equity-Income | Research Company | potential for capital appreciation. Seeks to achieve | ||
Portfolio | a yield which exceeds the composite yield on the | |||
Subadvisers: FMR Co., | securities comprising the Standard & Poor's 500SM | |||
Inc.; Fidelity Research & | Index (S&P 500® ). | |||
Analysis Company; | ||||
Fidelity Management & | ||||
Research (U.K.) Inc.; | ||||
Fidelity International | ||||
Investment Advisors; | ||||
Fidelity International | ||||
Investment Advisors | ||||
(U.K.) Limited; Fidelity | ||||
Investments Japan | ||||
Limited | ||||
|
||||
Franklin Templeton Variable | Franklin Advisory | Seeks long-term total return. | ||
Insurance Products Trust | Services, LLC | |||
Franklin Small Cap Value | ||||
Securities Fund | ||||
|
||||
Fundamental Investors, Inc. | Capital Research and | Seeks to achieve long-term growth of capital and | ||
Fundamental InvestorsSM | Management Company | income. | ||
|
|
| ||
ING Investors Trust - ING | Directed Services LLC | Seeks long-term growth of capital. | ||
AllianceBernstein Mid Cap Growth | ||||
Portfolio | Subadviser: | |||
AllianceBernstein, L.P. | ||||
|
||||
ING Partners, Inc. ING American | Directed Services LLC | Seeks long-term capital growth; income is a | ||
Century Small-Mid Cap Value | secondary objective. | |||
Portfolio | Subadviser: American | |||
Century Investment | ||||
Management, Inc. | ||||
(American Century) | ||||
|
||||
ING Partners, Inc. ING Baron Asset | Directed Services LLC | Seeks capital appreciation. | ||
Portfolio | ||||
Subadviser: BAMCO, | ||||
Inc. (BAMCO) | ||||
|
||||
ING Partners, Inc. ING Baron Small | Directed Services LLC | Seeks capital appreciation. | ||
Cap Growth Portfolio | ||||
Subadviser: BAMCO, | ||||
Inc. (BAMCO) |
PRO.134760-08 |
49 |
Fund Name | Investment Adviser/ | Investment Objective(s) | ||
|
||||
Subadviser | ||||
|
||||
ING Variable Portfolios, Inc. ING | ING Investments, LLC | Seeks long-term capital appreciation. | ||
BlackRock Global Science and | ||||
Technology Portfolio | Subadviser: BlackRock | |||
Advisors, LLC | ||||
|
||||
ING Investors Trust- ING BlackRock | Directed Services LLC | Seeks long-term growth of capital. | ||
Large Cap Growth Portfolio | ||||
Subadviser: BlackRock | ||||
Investment Management, | ||||
LLC. | ||||
|
||||
ING Partners, Inc. ING Davis New | Directed Services LLC | A non-diversified portfolio that seeks long-term | ||
York Venture Portfolio | growth of capital. | |||
Subadviser: Davis | ||||
Selected Advisers, L.P. | ||||
(Davis) | ||||
|
||||
ING Investors Trust - ING Evergreen | Directed Services LLC | A non-diversified portfolio that seeks long-term | ||
Health Sciences Portfolio | capital growth. | |||
Subadviser: Evergreen | ||||
Investment Management | ||||
Company, LLC | ||||
|
||||
ING Investors Trust - ING Evergreen | Directed Services LLC | Seeks long-term capital growth. | ||
Omega Portfolio | ||||
Subadviser: Evergreen | ||||
Investment Management | ||||
Company, LLC | ||||
|
||||
ING Partners, Inc. ING Fidelity® VIP | Directed Services LLC | Seeks long-term growth of capital. | ||
Mid Cap Portfolio | ||||
(Investment Adviser to | ||||
the Master Fund): | ||||
Fidelity Management & | ||||
Research Company | ||||
(FMR) | ||||
|
||||
ING Investors Trust - ING FMRSM | Directed Services LLC | Seeks long-term growth of capital. | ||
Diversified Mid Cap Portfolio* | ||||
Subadviser: Fidelity | ||||
*FMR is a service mark of Fidelity | Management & Research | |||
Management & Research Company | Co. |
PRO.134760-08 |
50 |
Fund Name | Investment Adviser/ | Investment Objective(s) | ||
|
||||
Subadviser | ||||
|
||||
ING Variable Portfolios, Inc. ING | ING Investments, LLC | Seeks investment (before fees and expenses) | ||
International Index Portfolio | results that correspond to the total return of a | |||
Subadviser: ING | widely accepted International Index. | |||
Investment Management | ||||
Co. | ||||
|
||||
ING Investors Trust - ING Janus | Directed Services LLC | A non-diversified portfolio that seeks capital | ||
Contrarian Portfolio | appreciation. | |||
Subadviser: Janus | ||||
Capital Management, | ||||
LLC | ||||
|
||||
ING Investors Trust - ING JPMorgan | Directed Services LLC | Seeks capital growth over the long term. | ||
Small Cap Core Equity Portfolio | ||||
Subadviser: J.P. Morgan | ||||
Investment Management | ||||
Inc. | ||||
|
||||
ING Investors Trust - ING JPMorgan | Directed Services LLC | Seeks long-term capital appreciation. | ||
Value Opportunities Portfolio | ||||
Subadviser: J.P. Morgan | ||||
Investment Management | ||||
Inc. | ||||
|
||||
ING Investors Trust - ING Julius Baer | Directed Services LLC | Seeks long-term growth of capital. | ||
Foreign Portfolio | ||||
Subadviser: Julius Baer | ||||
Investment Management, | ||||
LLC | ||||
|
||||
ING Partners, Inc. ING Legg Mason | Directed Services LLC | Seeks long-term growth of capital. | ||
Partners Aggressive Growth | ||||
Portfolio | Subadviser: ClearBridge | |||
Advisors, LLC | ||||
(ClearBridge) | ||||
|
||||
ING Investors Trust - ING Legg | Directed Services LLC | A non-diversified portfolio that seeks long-term | ||
Mason Value Portfolio | growth of capital. | |||
Subadviser: Legg Mason | ||||
Capital Management, Inc. | ||||
|
||||
ING Variable Portfolios, Inc. - ING | ING Investments, LLC | Seeks investment results (before fees and | ||
Lehman Brothers U.S. Aggregate | expenses) that correspond to the total return of | |||
Bond Index® Portfolio | Subadviser: Lehman | the Lehman Brothers U.S. Aggregate Bond | ||
Brothers Asset | Index® . | |||
Management LLC |
PRO.134760-08 |
51 |
Fund Name | Investment Adviser/ | Investment Objective(s) | ||
|
||||
Subadviser | ||||
|
||||
ING Investors Trust - ING Marsico | Directed Services LLC | Seeks capital appreciation. | ||
Growth Portfolio | ||||
Subadviser: Marsico | ||||
Capital Management, | ||||
LLC | ||||
|
||||
ING Investors Trust - ING Marsico | Directed Services LLC | Seeks long-term growth of capital. | ||
International Opportunities | ||||
Portfolio | Subadviser: Marsico | |||
Capital Management, | ||||
LLC | ||||
|
||||
ING Investors Trust - ING MFS | Directed Services LLC | Seeks total return. | ||
Utilities Portfolio | ||||
Subadviser: | ||||
Massachusetts | ||||
Financial Services | ||||
Company | ||||
|
||||
ING Partners, Inc. ING | Directed Services LLC | Seeks capital growth. | ||
Neuberger Berman Partners | ||||
Portfolio | Subadviser: Neuberger | |||
Berman Management | ||||
Inc. (Neuberger | ||||
Berman) | ||||
|
||||
ING Partners, Inc. ING | Directed Services LLC | Seeks capital appreciation. | ||
Oppenheimer Global Portfolio | ||||
Subadviser: | ||||
OppenheimerFunds, | ||||
Inc. (Oppenheimer) | ||||
|
||||
ING Investors Trust - ING | Directed Services LLC | Seeks long-term growth of capital and future income. | ||
Oppenheimer Main Street | ||||
Portfolio® | Subadviser: | |||
OppenheimerFunds, | ||||
Inc. | ||||
|
||||
ING Partners, Inc. ING | Directed Services LLC | Seeks a high level of current income principally | ||
Oppenheimer Strategic Income | derived from interest on debt securities. | |||
Portfolio | Subadviser: | |||
OppenheimerFunds, | ||||
Inc. (Oppenheimer) |
PRO.134760-08 |
52 |
Fund Name | Investment Adviser/ | Investment Objective(s) | ||
|
||||
Subadviser | ||||
|
||||
ING Investors Trust - ING PIMCO | Directed Services LLC | Seeks maximum total return, consistent with | ||
High Yield Portfolio | preservation of capital and prudent investment | |||
Subadviser: | management. | |||
Pacific Investment | ||||
Management Company | ||||
LLC | ||||
|
||||
ING Investors Trust - ING Pioneer | Directed Services LLC | Seeks current income and long-term growth of capital | ||
Equity Income Portfolio | from a portfolio consisting primarily of equity | |||
Subadviser: Pioneer | securities of U.S. corporations that are expected to | |||
Investment | produce income. | |||
Management, Inc. | ||||
|
||||
ING Investors Trust - ING Pioneer | Directed Services LLC | Seeks reasonable income and capital growth. | ||
Fund Portfolio | ||||
Subadviser: | ||||
Pioneer Investment | ||||
Management, Inc. | ||||
|
||||
ING Partners, Inc. ING Pioneer | Directed Services LLC | Seeks to maximize total return through income and | ||
High Yield Portfolio | capital appreciation. | |||
Subadviser: | ||||
Pioneer Investment | ||||
Management, Inc. | ||||
|
||||
ING Investors Trust - ING Pioneer | Directed Services LLC | Seeks capital appreciation. | ||
Mid Cap Value Portfolio | ||||
Subadviser: | ||||
Pioneer Investment | ||||
Management, Inc. | ||||
|
||||
ING Variable Portfolios, Inc. ING | ING Investments, LLC | Seeks investment results (before fees and expenses) | ||
RussellTM Large Cap Index | that correspond to the total return of the Russell Top | |||
Portfolio | Subadviser: ING | 200® Index. | ||
Investment | ||||
Management Co. | ||||
|
||||
ING Variable Portfolios, Inc. ING | ING Investments, LLC | Seeks investment results (before fees and expenses) | ||
RussellTM Mid Cap Index Portfolio | that correspond to the total return of the Russell | |||
Subadviser: ING | Midcap® Index. | |||
Investment | ||||
Management Co. |
PRO.134760-08 |
53 |
Fund Name | Investment Adviser/ | Investment Objective(s) | ||
|
||||
Subadviser | ||||
|
||||
ING Variable Portfolio ING | ING Investments, LLC | Seeks investment results (before fees and expenses) | ||
RussellTM Small Cap Index | that correspond to the total return of the Russell | |||
Portfolio | Subadviser: ING | 2000® Index. | ||
Investment Management | ||||
Co. | ||||
|
||||
ING Partners, Inc. ING Solution | ING Investments, LLC | Seeks to provide a combination of total return and | ||
Growth and Income Portfolio | stability of principal through a diversified asset | |||
Consultant: ING | allocation strategy. | |||
Investment Management | ||||
Co. | ||||
|
||||
ING Partners, Inc. ING Solution | ING Investments, LLC | Seeks to provide capital growth through a | ||
Growth Portfolio | diversified asset allocation strategy. | |||
Consultant: ING | ||||
Investment Management | ||||
Co. | ||||
|
||||
ING Solution Income Portfolio | Directed Services LLC | Seeks to provide a combination of total return and | ||
stability of principal consistent with an asset | ||||
Consultant: ING | allocation targeted to retirement. | |||
Investment Management | ||||
Co. | ||||
|
||||
ING Partners, Inc. ING Solution | Directed Services LLC | Until the day prior to its Target Date, the Portfolio | ||
2015 Portfolio | will seek to provide total return consistent with an | |||
Consultant: ING | asset allocation targeted at retirement in | |||
Investment Management | approximately 2015. On the Target Date, the | |||
Co. | investment objective will be to seek to provide a | |||
combination of total return and stability of principal | ||||
consistent with an asset allocation targeted to | ||||
retirement. | ||||
| ||||
ING Partners, Inc. ING Solution | Directed Services LLC | Until the day prior to its Target Date, the Portfolio | ||
2025 Portfolio | will seek to provide total return consistent with an | |||
Consultant: ING | asset allocation targeted at retirement in | |||
Investment Management | approximately 2025. On the Target Date, the | |||
Co. | investment objective will be to seek to provide a | |||
combination of total return and stability of principal | ||||
consistent with an asset allocation targeted to | ||||
retirement. |
PRO.134760-08 |
54 |
Fund Name | Investment Adviser/ | Investment Objective(s) | ||
|
||||
Subadviser | ||||
|
||||
ING Partners, Inc. ING Solution | Directed Services LLC | Until the day prior to its Target Date, the Portfolio | ||
2035 Portfolio | will seek to provide total return consistent with an | |||
Consultant: ING | asset allocation targeted at retirement in | |||
Investment | approximately 2035. On the Target Date, the | |||
Management Co. | investment objective will be to seek to provide a | |||
combination of total return and stability of principal | ||||
consistent with an asset allocation targeted to | ||||
retirement. | ||||
| ||||
ING Partners, Inc. ING Solution | Directed Services LLC | Until the day prior to its Target Date, the Portfolio | ||
2045 Portfolio | will seek to provide total return consistent with an | |||
Consultant: ING | asset allocation targeted at retirement in | |||
Investment | approximately 2045. On the Target Date, the | |||
Management Co. | investment objective will be to seek to provide a | |||
combination of total return and stability of principal | ||||
consistent with an asset allocation targeted to | ||||
retirement. | ||||
| ||||
ING Investors Trust ING T. Rowe | Directed Services LLC | Seeks, over the long-term, a high total investment | ||
Price Capital Appreciation | return, consistent with the preservation of capital and | |||
Portfolio | Subadviser: T. Rowe | prudent investment risk. | ||
Price Associates, Inc. | ||||
|
||||
ING Partners, Inc. ING T. Rowe | Directed Services LLC | Seeks long-term capital appreciation. | ||
Price Diversified Mid Cap | ||||
Growth Portfolio | Subadviser: T. Rowe | |||
Price Associates, Inc. | ||||
(T. Rowe Price) | ||||
|
||||
ING Investors Trust - ING T. Rowe | Directed Services LLC | Seeks substantial dividend income as well as long- | ||
Price Equity Income Portfolio | term growth of capital. | |||
Subadviser: T. Rowe | ||||
Price Associates, Inc. | ||||
|
||||
ING Partners, Inc. ING T. Rowe | Directed Services LLC | Seeks long-term capital growth, and secondarily, | ||
Price Growth Equity Portfolio | increasing dividend income. | |||
Subadviser: T. Rowe | ||||
Price Associates, Inc. | ||||
(T. Rowe Price) | ||||
|
||||
ING Partners, Inc. ING | Directed Services LLC | Seeks long-term capital growth. | ||
Templeton Foreign Equity | ||||
Portfolio | Subadviser: Templeton | |||
Investment Counsel, | ||||
LLC (Templeton) |
PRO.134760-08 |
55 |
Fund Name | Investment Adviser/ | Investment Objective(s) | ||
|
||||
Subadviser | ||||
|
||||
ING Partners, Inc. ING UBS U.S. | Directed Services LLC | Seeks long-term growth of capital and future income. | ||
Large Cap Equity Portfolio | ||||
Subadviser: UBS | ||||
Global Asset | ||||
Management | ||||
(Americas) Inc. (UBS | ||||
Global AM) | ||||
|
||||
ING Investors Trust - ING Van | Directed Services LLC | Seeks long-term capital appreciation. | ||
Kampen Capital Growth | ||||
Portfolio | Subadviser: | |||
Van Kampen | ||||
|
||||
ING Partners, Inc. ING Van | Directed Services LLC | Seeks capital growth and income. | ||
Kampen Comstock Portfolio | ||||
Subadviser: | ||||
Van Kampen | ||||
|
||||
ING Investors Trust - ING Van | Directed Services LLC | Seeks long-term growth of capital and income. | ||
Kampen Growth and Income | ||||
Portfolio | Subadviser: | |||
Van Kampen | ||||
|
||||
ING Investors Trust - ING Van | Directed Services LLC | A non-diversified portfolio that seeks capital | ||
Kampen Real Estate Portfolio | appreciation and secondarily seeks current income. | |||
Subadviser: | ||||
Van Kampen | ||||
|
||||
ING Variable Products Trust ING | ING Investments, LLC | Seeks long-term capital appreciation. | ||
VP Financial Services Portfolio | ||||
Subadviser: | ||||
ING Investment | ||||
Management Co. | ||||
|
||||
ING Variable Funds - ING VP | ING Investments, LLC | Seeks to maximize total return through investments in | ||
Growth and Income Portfolio | a diversified portfolio of common stocks and | |||
Subadviser: ING | securities convertible into common stock | |||
Investment | ||||
Management Co. | ||||
|
||||
ING Investors Trust ING VP | ING Investment, LLC | Seeks to outperform the total return performance of | ||
Index Plus International Equity | the Morgan Stanley Capital International Europe | |||
Portfolio | Subadviser: ING | Australasia and Far East® Index (MSCI EAFE® | ||
Investment | Index), while maintaining a market level of risk. | |||
Management Advisors, | ||||
B.V. |
PRO.134760-08 |
56 |
Fund Name | Investment Adviser/ | Investment Objective(s) | ||
|
||||
Subadviser | ||||
|
||||
ING Variable Portfolios, Inc. ING | ING Investments, LLC | Seeks to outperform the total return performance of | ||
VP Index Plus LargeCap | the Standard & Poors 500 Composite Stock Price | |||
Portfolio | Subadviser: ING | Index (S&P 500 Index), while maintaining a market | ||
Investment | level of risk. | |||
Management Co. | ||||
|
||||
ING Variable Portfolios, Inc. ING | ING Investments, LLC | Seeks to outperform the total return performance of | ||
VP Index Plus MidCap Portfolio | the Standard & Poors MidCap 400 Index (S&P | |||
Subadviser: | MidCap 400 Index), while maintaining a market level | |||
ING Investment | of risk. | |||
Management Co. | ||||
|
||||
ING Variable Portfolios, Inc. ING | ING Investments, LLC | Seeks to outperform the total return performance of | ||
VP Index Plus SmallCap | the Standard and Poors SmallCap 600 Index (S&P | |||
Portfolio | Subadviser: | SmallCap 600 Index), while maintaining a market | ||
ING Investment | level of risk. | |||
Management Co. | ||||
|
||||
ING VP Intermediate Bond | ING Investments, LLC | Seeks to maximize total return consistent with | ||
Portfolio | reasonable risk, through investment in a diversified | |||
Subadviser: | portfolio consisting primarily of debt securities. | |||
ING Investment | ||||
Management Co. | ||||
|
||||
ING Variable Products Trust ING | ING Investments, LLC | Seeks long-term capital appreciation. | ||
VP International Value Portfolio | ||||
Subadviser: | ||||
ING Investment | ||||
Management Co. | ||||
|
||||
ING VP Money Market Portfolio | ING Investments, LLC | Seeks to provide high current return, consistent with | ||
preservation of capital and liquidity, through | ||||
Subadviser: | investment in high-quality money market instruments. | |||
ING Investment | There is no guarantee that the ING VP Money | |||
Management Co. | Market Subaccount will have a positive or level | |||
return. | ||||
| ||||
ING Variable Products Trust ING | ING Investments, LLC | A non-diversified portfolio that seeks total return. | ||
VP Real Estate Portfolio | ||||
Subadviser: ING | ||||
Clarion Real Estate | ||||
Securities L.P. | ||||
|
||||
ING Strategic Allocation Portfolios, | ING Investments, LLC | Seeks to provide total return consistent with | ||
Inc. ING VP Strategic | preservation of capital. | |||
Allocation Conservative Portfolio | Subadviser: | |||
ING Investment | ||||
Management Co. |
PRO.134760-08 |
57 |
Fund Name | Investment Adviser/ | Investment Objective(s) | ||
|
||||
Subadviser | ||||
|
||||
ING Strategic Allocation Portfolios, | ING Investments, LLC | Seeks to provide capital appreciation. | ||
Inc. ING VP Strategic | ||||
Allocation Growth Portfolio | Subadviser: | |||
ING Investment | ||||
Management Co. | ||||
|
||||
ING Strategic Allocation Portfolios, | ING Investments, LLC | Seeks to provide total return (i.e., income and capital | ||
Inc. ING VP Strategic | appreciation, both realized and unrealized.) | |||
Allocation Moderate Portfolio | Subadviser: | |||
ING Investment | ||||
Management Co. | ||||
|
||||
ING Investors Trust ING Wells | Directed Services LLC | Seeks long-term capital growth. | ||
Fargo Disciplined Value Portfolio | ||||
Subadviser: Wells | ||||
Capital Management, | ||||
Inc. | ||||
|
||||
ING Investors Trust ING Wells | Directed Services LLC | Seeks long-term capital appreciation. | ||
Fargo Small Cap Disciplined | ||||
Portfolio | Subadviser: Wells | |||
Capital Management, | ||||
Inc. | ||||
|
||||
Lazard Funds, Inc. Lazard U.S. | Lazard Asset | Seeks long-term capital appreciation. | ||
Mid Cap Equity Portfolio* | Management LLC | |||
*Effective May 1, 2008, Lazard Mid Cap | ||||
Portfolio will change its name to Lazard | ||||
U.S. Mid Cap Equity Portfolio. | ||||
|
||||
Loomis Sayles Funds II Loomis | Loomis, Sayles & | Seeks long-term capital growth from investment in | ||
Sayles Small Cap Value Fund | Company, L.P. | common stocks or other equity securities. | ||
|
|
| ||
New Perspective Fund Ò | Capital Research and | Seeks to provide long-term growth of capital through | ||
Management Company | investments all over the world, including the United | |||
States. | ||||
| ||||
Premier VIT - OpCap Mid Cap | OpCap Advisors, LLC | Seeks long-term capital appreciation. | ||
Portfolio | ||||
Subadviser: | ||||
Oppenheimer Capital, | ||||
LLC | ||||
|
||||
Oppenheimer Developing Markets | OppenheimerFunds, | Aggressively seeks capital appreciation. | ||
Fund | Inc. | |||
|
|
|||
Pax World Balanced Fund | Pax World | Seeks income and conservation of principal and | ||
Management Corp. | secondarily possible long-term growth of capital. | |||
|
|
PRO.134760-08 |
58 |
Fund Name | Investment Adviser/ | Investment Objective(s) | ||
|
||||
Subadviser | ||||
|
||||
PIMCO Variable Insurance Trust - | Investment Adviser: | Seeks maximum real return, consistent with | ||
Real Return Portfolio | Pacific Investment | preservation of real capital and prudent investment | ||
Management Company | management. | |||
LLC (PIMCO) | ||||
|
||||
Pioneer Variable Contracts Trust | Pioneer Investment | Seeks long-term growth of capital. | ||
Pioneer Emerging Markets VCT | Management, Inc. | |||
Portfolio | ||||
|
||||
RiverSource Investment Series, Inc. | RiverSource | Seeks to provide shareholders with a high level of | ||
- -RiverSource Diversified Equity | Investments, LLC | current income and, as a secondary objective, steady | ||
Income Fund | growth of capital. | |||
|
| |||
SMALLCAP World Fund, Inc. | Capital Research and | Seeks to provide long-term growth of capital by | ||
SMALLCAP World Fund® | Management Company | investing in the stocks of smaller companies in the | ||
United States and around the world. | ||||
| ||||
Templeton Income Trust- | Franklin Advisers, Inc. | Seeks current income with capital appreciation and | ||
Templeton Global Bond Fund | growth of income. | |||
|
| |||
The Bond Fund of America, Inc. | Capital Research and | Seeks to provide as high a level of current income as | ||
The Bond Fund of AmericaSM | Management Company | is consistent with the preservation of capital. | ||
|
|
| ||
The Growth Fund of America Ò | Capital Research and | Seeks to provide long-term growth of capital through | ||
Management Company | a diversified portfolio of common stocks. | |||
|
| |||
Wanger Advisors Trust Wanger | Columbia Wanger | Seeks long-term growth of capital. | ||
International Small Cap* | Asset Management, | |||
L.P. | ||||
*Effective June 1, 2008. Wanger International | ||||
Small Cap will change its name to Wanger | ||||
International. | ||||
|
||||
Wanger Advisors Trust - Wanger | Columbia Wanger | A non-diversified fund that seeks long-term growth of | ||
Select | Asset Management, | capital. | ||
L.P. | ||||
|
||||
Wanger Advisors Trust - Wanger | Columbia Wanger | Seeks long-term growth of capital. | ||
U.S. Smaller Companies* | Asset Management, | |||
*Effective June 1, 2008, Wanger U.S. Smaller | L.P. | |||
Companies will change its name to Wanger | ||||
USA |
PRO.134760-08 59 |
APPENDIX III PARTICIPANT APPOINTMENT OF EMPLOYER AS AGENT UNDER AN ANNUITY CONTRACT* |
For Plans under Section 403(b), including Roth 403(b) (Except Voluntary Section 403(b) Plans)
The employer has adopted a plan under Internal Revenue Code Sections 403(b) or Roth 403(b), and has purchased an ING Life Insurance and Annuity Company (Company) group variable annuity contract (Contract) as the funding vehicle. Contributions under this Plan will be made by the participant through salary reduction to an Employee Account, and by the employer to an Employer Account.
By electing to participate in the employers Plan, the participant voluntarily appoints the employer, who is the Contract Holder, as the participants agent for the purposes of all transactions under the Contract in accordance with the terms of the Plan. The Company is not a party to the Plan and does not interpret the Plan provisions.
As a participant in the Plan, the participant understands and agrees to the following terms and conditions.
* | If you participate in a group contract through a voluntary 403(b) or Roth 403(b) plan, you currently hold all rights under the contract and may make elections for your accounts. However, pursuant to Treasury Department regulations that are generally effective on January 1, 2009, the future exercise of certain of these rights may require the consent and approval of the contract holder. We reserve the right to modify the contracts to comply with these regulations where allowed, or where required by law. In that event, the terms and conditions noted above may also apply to such voluntary 403(b) or Roth 403(b) plans. See Taxation Section 403(b) Tax-Deferred Annuities. |
PRO.134760-08 | 60 |
APPENDIX IV |
CONDENSED FINANCIAL INFORMATION |
Except for subaccounts which did not commence operations as of December 31, 2007 the following table gives (1) the accumulation unit value (AUV) at the beginning of the period, (2) the AUV at the end of the period and (3) the total number of accumulation units outstanding at the end of the period for each subaccount of Variable Annuity Account C available under the contracts for the indicated periods. For those subaccounts that commenced operations during the period ended December 31, 2007 the Value at beginning of period shown is the value at first date of investment. |
TABLE I |
FOR CONTRACTS WITH TOTAL SEPARATE ACCOUNT ANNUAL EXPENSES OF 0.00% |
(Selected data for accumulation units outstanding throughout each period) |
|
2007 | 2006 | |||
EUROPACIFIC GROWTH FUND | ||||
(Funds were first received in this option during October 2006) | ||||
Value at beginning of period | $17.03 | $15.73 | ||
Value at end of period | $20.24 | $17.03 | ||
Number of accumulation units outstanding at end of period | 214 | 9 | ||
FIDELITY® VIP CONTRAFUND® PORTFOLIO | ||||
(Funds were first received in this option during January 2007) | ||||
Value at beginning of period | $20.61 | |||
Value at end of period | $24.20 | |||
Number of accumulation units outstanding at end of period | 1,151 | |||
FIDELITY® VIP EQUITY-INCOME PORTFOLIO | ||||
(Funds were first received in this option during November 2006) | ||||
Value at beginning of period | $16.82 | $16.47 | ||
Value at end of period | $17.08 | $16.82 | ||
Number of accumulation units outstanding at end of period | 32 | 2 | ||
FRANKLIN SMALL CAP VALUE SECURITIES FUND | ||||
(Funds were first received in this option during February 2007) | ||||
Value at beginning of period | $20.77 | |||
Value at end of period | $19.07 | |||
Number of accumulation units outstanding at end of period | 185 | |||
ING ALLIANCEBERNSTEIN MID CAP GROWTH | ||||
PORTFOLIO | ||||
(Funds were first received in this option during May 2007) | ||||
Value at beginning of period | $13.54 | |||
Value at end of period | $14.19 | |||
Number of accumulation units outstanding at end of period | 35 | |||
ING AMERICAN CENTURY SMALL-MID CAP VALUE | ||||
PORTFOLIO | ||||
(Funds were first received in this option during May 2007) | ||||
Value at beginning of period | $17.81 | |||
Value at end of period | $16.20 | |||
Number of accumulation units outstanding at end of period | 59 |
CFI 1 |
Condensed Financial Information (continued) |
2007 | 2006 | |||
ING BARON ASSET PORTFOLIO | ||||
(Funds were first received in this option during April 2007) | ||||
Value at beginning of period | $10.89 | |||
Value at end of period | $11.08 | |||
Number of accumulation units outstanding at end of period | 1,458 | |||
ING BARON SMALL CAP GROWTH PORTFOLIO | ||||
(Funds were first received in this option during January 2007) | ||||
Value at beginning of period | $18.54 | |||
Value at end of period | $19.64 | |||
Number of accumulation units outstanding at end of period | 198 | |||
ING BLACKROCK LARGE CAP GROWTH PORTFOLIO | ||||
(Funds were first received in this option during November 2006) | ||||
Value at beginning of period | $11.40 | $11.36 | ||
Value at end of period | $12.17 | $11.40 | ||
Number of accumulation units outstanding at end of period | 46 | 2 | ||
ING EVERGREEN HEALTH SCIENCES PORTFOLIO | ||||
(Funds were first received in this option during September 2006) | ||||
Value at beginning of period | $12.87 | $12.12 | ||
Value at end of period | $13.97 | $12.87 | ||
Number of accumulation units outstanding at end of period | 42 | 7 | ||
ING EVERGREEN HEALTH SCIENCES PORTFOLIO | ||||
(Funds were first received in this option during October 2007) | ||||
Value at beginning of period | $13.54 | |||
Value at end of period | $12.97 | |||
Number of accumulation units outstanding at end of period | 19 | |||
ING FIDELITY® VIP MID CAP PORTFOLIO | ||||
(Funds were first received in this option during May 2007) | ||||
Value at beginning of period | $11.72 | |||
Value at end of period | $12.37 | |||
Number of accumulation units outstanding at end of period | 23 | |||
ING FMRSM DIVERSIFIED MID CAP PORTFOLIO | ||||
(Funds were first received in this option during June 2007) | ||||
Value at beginning of period | $15.09 | |||
Value at end of period | $15.28 | |||
Number of accumulation units outstanding at end of period | 30 | |||
ING JANUS CONTRARIAN PORTFOLIO | ||||
(Funds were first received in this option during April 2007) | ||||
Value at beginning of period | $10.89 | |||
Value at end of period | $11.49 | |||
Number of accumulation units outstanding at end of period | 64 | |||
ING JPMORGAN SMALL CAP CORE EQUITY | ||||
PORTFOLIO | ||||
(Funds were first received in this option during April 2007) | ||||
Value at beginning of period | $14.35 | |||
Value at end of period | $13.06 | |||
Number of accumulation units outstanding at end of period | 1 |
CFI 2 |
Condensed Financial Information (continued) |
2007 | 2006 | |||
ING JPMORGAN VALUE OPPORTUNITIES PORTFOLIO | ||||
(Funds were first received in this option during April 2007) | ||||
Value at beginning of period | $11.47 | |||
Value at end of period | $11.23 | |||
Number of accumulation units outstanding at end of period | 87 | |||
ING JULIUS BAER FOREIGN PORTFOLIO | ||||
(Funds were first received in this option during September 2006) | ||||
Value at beginning of period | $17.56 | $15.48 | ||
Value at end of period | $20.45 | $17.56 | ||
Number of accumulation units outstanding at end of period | 77 | 3 | ||
ING LEGG MASON PARTNERS AGGRESSIVE GROWTH | ||||
PORTFOLIO | ||||
(Funds were first received in this option during December 2006) | ||||
Value at beginning of period | $10.69 | $10.75 | ||
Value at end of period | $10.52 | $10.69 | ||
Number of accumulation units outstanding at end of period | 100 | 1 | ||
ING LEGG MASON VALUE PORTFOLIO | ||||
(Funds were first received in this option during April 2007) | ||||
Value at beginning of period | $12.18 | |||
Value at end of period | $11.59 | |||
Number of accumulation units outstanding at end of period | 2 | |||
ING MARSICO GROWTH PORTFOLIO | ||||
(Funds were first received in this option during September 2006) | ||||
Value at beginning of period | $12.05 | $11.20 | ||
Value at end of period | $13.76 | $12.05 | ||
Number of accumulation units outstanding at end of period | 18 | 2 | ||
ING MARSICO INTERNATIONAL OPPORTUNITIES | ||||
PORTFOLIO | ||||
(Funds were first received in this option during February 2007) | ||||
Value at beginning of period | $15.64 | |||
Value at end of period | $18.74 | |||
Number of accumulation units outstanding at end of period | 97 | |||
ING MFS UTILITIES PORTFOLIO | ||||
(Funds were first received in this option during April 2007) | ||||
Value at beginning of period | $16.63 | |||
Value at end of period | $19.17 | |||
Number of accumulation units outstanding at end of period | 864 | |||
ING OPPENHEIMER GLOBAL PORTFOLIO | ||||
(Funds were first received in this option during January 2007) | ||||
Value at beginning of period | $13.92 | |||
Value at end of period | $15.42 | |||
Number of accumulation units outstanding at end of period | 412 | |||
ING OPPENHEIMER MAIN STREET PORTFOLIO® | ||||
(Funds were first received in this option during October 2007) | ||||
Value at beginning of period | $14.17 | |||
Value at end of period | $13.27 | |||
Number of accumulation units outstanding at end of period | 18 |
CFI 3 |
Condensed Financial Information (continued) |
2007 | 2006 | |||
ING OPPENHEIMER STRATEGIC INCOME PORTFOLIO | ||||
(Funds were first received in this option during October 2006) | ||||
Value at beginning of period | $10.97 | $10.55 | ||
Value at end of period | $12.08 | $10.97 | ||
Number of accumulation units outstanding at end of period | 424 | 8 | ||
ING PIMCO HIGH YIELD PORTFOLIO | ||||
(Funds were first received in this option during October 2006) | ||||
Value at beginning of period | $11.52 | $11.15 | ||
Value at end of period | $11.85 | $11.52 | ||
Number of accumulation units outstanding at end of period | 49 | 16 | ||
ING PIONEER FUND PORTFOLIO | ||||
(Funds were first received in this option during September 2006) | ||||
Value at beginning of period | $10.88 | $10.31 | ||
Value at end of period | $11.47 | $10.88 | ||
Number of accumulation units outstanding at end of period | 62 | 6 | ||
ING PIONEER HIGH YIELD PORTFOLIO | ||||
(Funds were first received in this option during November 2006) | ||||
Value at beginning of period | $10.66 | $10.61 | ||
Value at end of period | $11.32 | $10.66 | ||
Number of accumulation units outstanding at end of period | 469 | 2 | ||
ING PIONEER MID CAP VALUEPORTFOLIO | ||||
(Funds were first received in this option during January 2007) | ||||
Value at beginning of period | $10.69 | |||
Value at end of period | $11.30 | |||
Number of accumulation units outstanding at end of period | 113 | |||
ING SOLUTION 2015 PORTFOLIO | ||||
(Funds were first received in this option during November 2006) | ||||
Value at beginning of period | $11.93 | $11.81 | ||
Value at end of period | $12.48 | $11.93 | ||
Number of accumulation units outstanding at end of period | 30 | 2 | ||
ING SOLUTION 2035 PORTFOLIO | ||||
(Funds were first received in this option during February 2007) | ||||
Value at beginning of period | $12.97 | |||
Value at end of period | $13.41 | |||
Number of accumulation units outstanding at end of period | 4 | |||
ING SOLUTION 2045 PORTFOLIO | ||||
(Funds were first received in this option during March 2007) | ||||
Value at beginning of period | $12.92 | |||
Value at end of period | $13.84 | |||
Number of accumulation units outstanding at end of period | 66 | |||
ING T. ROWE PRICE CAPITAL APPRECIATION | ||||
PORTFOLIO | ||||
(Funds were first received in this option during June 2007) | ||||
Value at beginning of period | $13.63 | |||
Value at end of period | $13.20 | |||
Number of accumulation units outstanding at end of period | 2,556 |
CFI 4 |
Condensed Financial Information (continued) |
2007 | 2006 | |||
ING T. ROWE PRICE DIVERSIFIED MID CAP GROWTH | ||||
PORTFOLIO | ||||
(Funds were first received in this option during October 2007) | ||||
Value at beginning of period | $14.81 | |||
Value at end of period | $14.35 | |||
Number of accumulation units outstanding at end of period | 17 | |||
ING T. ROWE PRICE EQUITY INCOME PORTFOLIO | ||||
(Funds were first received in this option during March 2007) | ||||
Value at beginning of period | $18.88 | |||
Value at end of period | $19.12 | |||
Number of accumulation units outstanding at end of period | 165 | |||
ING T. ROWE GROWTH EQUITY PORTFOLIO | ||||
(Funds were first received in this option during April 2007) | ||||
Value at beginning of period | $16.33 | |||
Value at end of period | $17.78 | |||
Number of accumulation units outstanding at end of period | 44 | |||
ING TEMPLETON FOREIGN EQUITY PORTFOLIO | ||||
(Funds were first received in this option during January 2007) | ||||
Value at beginning of period | $11.33 | |||
Value at end of period | $12.99 | |||
Number of accumulation units outstanding at end of period | 345 | |||
ING UBS U.S. LARGE CAP EQUITY PORTFOLIO | ||||
(Funds were first received in this option during February 2007) | ||||
Value at beginning of period | $13.61 | |||
Value at end of period | $13.57 | |||
Number of accumulation units outstanding at end of period | 5 | |||
ING VAN KAMPEN CAPITAL GROWTH PORTFOLIO | ||||
(Funds were first received in this option during April 2007) | ||||
Value at beginning of period | $11.75 | |||
Value at end of period | $13.76 | |||
Number of accumulation units outstanding at end of period | 2 | |||
ING VAN KAMPEN GROWTH AND INCOME | ||||
PORTFOLIO | ||||
(Funds were first received in this option during April 2007) | ||||
Value at beginning of period | $13.66 | |||
Value at end of period | $13.25 | |||
Number of accumulation units outstanding at end of period | 152 | |||
ING VAN KAMPEN REAL ESTATE PORTFOLIO | ||||
(Funds were first received in this option during April 2007) | ||||
Value at beginning of period | $13.11 | |||
Value at end of period | $10.20 | |||
Number of accumulation units outstanding at end of period | 8 | |||
ING VP FINANCIAL SERVICES PORTFOLIO | ||||
(Funds were first received in this option during April 2007) | ||||
Value at beginning of period | $13.76 | |||
Value at end of period | $12.42 | |||
Number of accumulation units outstanding at end of period | 5 |
CFI 5 |
Condensed Financial Information (continued) |
2007 | 2006 | |||
ING VP GROWTH AND INCOME PORTFOLIO | ||||
(Funds were first received in this option during February 2007) | ||||
Value at beginning of period | $4.69 | |||
Value at end of period | $5.45 | |||
Number of accumulation units outstanding at end of period | 13 | |||
ING VP INDEX PLUS INTERNATIONAL EQUITY | ||||
PORTFOLIO | ||||
(Funds were first received in this option during November 2007) | ||||
Value at beginning of period | $11.01 | |||
Value at end of period | $10.86 | |||
Number of accumulation units outstanding at end of period | 34 | |||
ING VP INDEX PLUS MIDCAP PORTFOLIO | ||||
(Funds were first received in this option during May 2007) | ||||
Value at beginning of period | $27.91 | |||
Value at end of period | $26.82 | |||
Number of accumulation units outstanding at end of period | 2 | |||
ING VP INDEX PLUS SMALLCAP PORTFOLIO | ||||
(Funds were first received in this option during June 2007) | ||||
Value at beginning of period | $22.35 | |||
Value at end of period | $19.08 | |||
Number of accumulation units outstanding at end of period | 22 | |||
ING VP INTERMEDIATE BOND PORTFOLIO | ||||
Value at beginning of period | $16.19 | $15.55 | ||
Value at end of period | $17.16 | $16.19 | ||
Number of accumulation units outstanding at end of period | 13,376 | 4 | ||
ING VP INTERNATIONAL VALUE PORTFOLIO | ||||
(Funds were first received in this option during May 2007) | ||||
Value at beginning of period | $18.72 | |||
Value at end of period | $19.91 | |||
Number of accumulation units outstanding at end of period | 2 | |||
ING VP MONEY MARKET PORTFOLIO | ||||
Value at beginning of period | $13.44 | $12.81 | ||
Value at end of period | $14.13 | $13.44 | ||
Number of accumulation units outstanding at end of period | 2,879 | 23 | ||
ING VP REAL ESTATE PORTFOLIO | ||||
(Funds were first received in this option during January 2007) | ||||
Value at beginning of period | $21.45 | |||
Value at end of period | $17.98 | |||
Number of accumulation units outstanding at end of period | 103 | |||
ING VP STRATEGIC ALLOCATION CONSERVATIVE | ||||
PORTFOLIO | ||||
(Funds were first received in this option during October 2006) | ||||
Value at beginning of period | $14.62 | $14.13 | ||
Value at end of period | $15.47 | $14.62 | ||
Number of accumulation units outstanding at end of period | 2 | 13 |
CFI 6 |
Condensed Financial Information (continued) |
2007 | 2006 | |||
ING VP STRATEGIC ALLOCATION GROWTH | ||||
PORTFOLIO | ||||
(Funds were first received in this option during December 2006) | ||||
Value at beginning of period | $13.85 | $13.86 | ||
Value at end of period | $14.55 | $13.85 | ||
Number of accumulation units outstanding at end of period | 23 | 1 | ||
ING VP STRATEGIC ALLOCATION MODERATE | ||||
PORTFOLIO | ||||
(Funds were first received in this option during October 2006) | ||||
Value at beginning of period | $14.03 | $13.30 | ||
Value at end of period | $14.80 | $14.03 | ||
Number of accumulation units outstanding at end of period | 408 | 71 | ||
ING WELLS FARGO DISCIPLINED VALUE PORTFOLIO | ||||
(Funds were first received in this option during May 2007) | ||||
Value at beginning of period | $11.54 | |||
Value at end of period | $10.44 | |||
Number of accumulation units outstanding at end of period | 4 | |||
LAZARD MID CAP PORTFOLIO | ||||
(Funds were first received in this option during October 2007) | ||||
Value at beginning of period | $9.76 | |||
Value at end of period | $8.81 | |||
Number of accumulation units outstanding at end of period | 27 | |||
NEW PERSPECTIVE FUND® | ||||
(Funds were first received in this option during March 2007) | ||||
Value at beginning of period | $15.53 | |||
Value at end of period | $17.64 | |||
Number of accumulation units outstanding at end of period | 192 | |||
OPPENHEIMER DEVELOPING MARKETS FUND | ||||
(Funds were first received in this option during February 2007) | ||||
Value at beginning of period | $54.52 | |||
Value at end of period | $71.98 | |||
Number of accumulation units outstanding at end of period | 474 | |||
PAX WORLD BALANCED FUND | ||||
(Funds were first received in this option during October 2007) | ||||
Value at beginning of period | $14.30 | |||
Value at end of period | $14.25 | |||
Number of accumulation units outstanding at end of period | 0 | |||
PIMCO VIT REAL RETURN PORTFOLIO | ||||
(Funds were first received in this option during September 2006) | ||||
Value at beginning of period | $11.19 | $11.34 | ||
Value at end of period | $12.37 | $11.19 | ||
Number of accumulation units outstanding at end of period | 35 | 6 | ||
PIONEER EMERGING MARKETS VCT PORTFOLIO | ||||
(Funds were first received in this option during October 2007) | ||||
Value at beginning of period | $12.93 | |||
Value at end of period | $12.84 | |||
Number of accumulation units outstanding at end of period | 1,349 |
CFI 7 |
Condensed Financial Information (continued) |
2007 | 2006 | |||
TEMPLETON GLOBAL BOND FUND | ||||
(Funds were first received in this option during October 2006) | ||||
Value at beginning of period | $19.67 | $18.74 | ||
Value at end of period | $21.80 | $19.67 | ||
Number of accumulation units outstanding at end of period | 240 | 5 | ||
THE GROWTH FUND OF AMERICA® | ||||
(Funds were first received in this option during January 2007) | ||||
Value at beginning of period | $13.79 | |||
Value at end of period | $15.32 | |||
Number of accumulation units outstanding at end of period | 1,593 | |||
WANGER INTERNATIONAL SMALL CAP | ||||
(Funds were first received in this option during October 2007) | ||||
Value at beginning of period | $11.18 | |||
Value at end of period | $10.57 | |||
Number of accumulation units outstanding at end of period | 3,030 | |||
WANGER SELECT | ||||
(Funds were first received in this option during June 2007) | ||||
Value at beginning of period | $18.02 | |||
Value at end of period | $16.64 | |||
Number of accumulation units outstanding at end of period | 47 |
TABLE II |
FOR CONTRACTS WITH TOTAL SEPARATE ACCOUNT ANNUAL EXPENSES OF 0.50% |
(Selected data for accumulation units outstanding throughout each period) |
2007 | 2006 | |||
EUROPACIFIC GROWTH FUND | ||||
Value at beginning of period | $16.80 | $13.86 | ||
Value at end of period | $19.88 | $16.80 | ||
Number of accumulation units outstanding at end of period | 1,011,770 | 410,203 | ||
FIDELITY® VIP CONTRAFUND® PORTFOLIO | ||||
Value at beginning of period | $20.60 | $18.53 | ||
Value at end of period | $24.10 | $20.60 | ||
Number of accumulation units outstanding at end of period | 1,753,796 | 1,082,527 | ||
FIDELITY® VIP EQUITY-INCOME PORTFOLIO | ||||
Value at beginning of period | $16.76 | $14.01 | ||
Value at end of period | $16.93 | $16.76 | ||
Number of accumulation units outstanding at end of period | 1,241,963 | 682,997 |
CFI 8 |
Condensed Financial Information (continued) |
2007 | 2006 | |||
FRANKLIN SMALL CAP VALUE SECURITIES FUND | ||||
Value at beginning of period | $19.01 | $16.34 | ||
Value at end of period | $18.47 | $19.01 | ||
Number of accumulation units outstanding at end of period | 637,501 | 155,795 | ||
ING ALLIANCEBERNSTEIN MID CAP GROWTH | ||||
PORTFOLIO | ||||
Value at beginning of period | $12.69 | $12.54 | ||
Value at end of period | $14.00 | $12.69 | ||
Number of accumulation units outstanding at end of period | 7,677 | 6,895 | ||
ING AMERICAN CENTURY SMALL-MID CAP VALUE | ||||
PORTFOLIO | ||||
Value at beginning of period | $16.30 | $14.19 | ||
Value at end of period | $15.75 | $16.30 | ||
Number of accumulation units outstanding at end of period | 13,680 | 18,387 | ||
ING BARON ASSET PORTFOLIO | ||||
(Funds were first received in this option during August 2006) | ||||
Value at beginning of period | $10.14 | $9.22 | ||
Value at end of period | $10.99 | $10.14 | ||
Number of accumulation units outstanding at end of period | 28,380 | 7,425 | ||
ING BARON SMALL CAP GROWTH PORTFOLIO | ||||
Value at beginning of period | $18.08 | $15.77 | ||
Value at end of period | $19.09 | $18.08 | ||
Number of accumulation units outstanding at end of period | 904,525 | 129,971 | ||
ING BLACKROCK GLOBAL SCIENCE AND | ||||
TECHNOLOGY PORTFOLIO | ||||
Value at beginning of period | $4.43 | $4.15 | ||
Value at end of period | $5.24 | $4.43 | ||
Number of accumulation units outstanding at end of period | 331,936 | 171,422 | ||
ING BLACKROCK LARGE CAP GROWTH PORTFOLIO | ||||
(Funds were first received in this option during March 2007) | ||||
Value at beginning of period | $11.38 | |||
Value at end of period | $12.08 | |||
Number of accumulation units outstanding at end of period | 3,551 | |||
ING DAVIS NEW YORK VENTURE PORTFOLIO | ||||
Value at beginning of period | $21.23 | $18.74 | ||
Value at end of period | $22.00 | $21.23 | ||
Number of accumulation units outstanding at end of period | 21,209 | 13,729 | ||
ING EVERGREEN HEALTH SCIENCES PORTFOLIO | ||||
Value at beginning of period | $12.76 | $11.26 | ||
Value at end of period | $13.79 | $12.76 | ||
Number of accumulation units outstanding at end of period | 10,028 | 7,874 | ||
ING FIDELITY® VIP MID CAP PORTFOLIO | ||||
(Funds were first received in this option during October 2006) | ||||
Value at beginning of period | $10.74 | $9.88 | ||
Value at end of period | $12.29 | $10.74 | ||
Number of accumulation units outstanding at end of period | 329,060 | 10,207 |
CFI 9 |
Condensed Financial Information (continued) |
2007 | 2006 | |||
ING FMRSM DIVERSIFIED MID CAP PORTFOLIO | ||||
Value at beginning of period | $13.23 | $11.88 | ||
Value at end of period | $15.07 | $13.23 | ||
Number of accumulation units outstanding at end of period | 94,324 | 47,840 | ||
ING JANUS CONTRARIAN PORTFOLIO | ||||
(Funds were first received in this option during April 2007) | ||||
Value at beginning of period | $10.88 | |||
Value at end of period | $11.44 | |||
Number of accumulation units outstanding at end of period | 402,977 | |||
ING JPMORGAN SMALL CAP CORE EQUITY | ||||
PORTFOLIO | ||||
Value at beginning of period | $13.17 | $11.35 | ||
Value at end of period | $12.89 | $13.17 | ||
Number of accumulation units outstanding at end of period | 34,384 | 7,333 | ||
ING JPMORGAN VALUE OPPORTUNITIES PORTFOLIO | ||||
(Funds were first received in this option during June 2006) | ||||
Value at beginning of period | $11.32 | $9.89 | ||
Value at end of period | $11.13 | $11.32 | ||
Number of accumulation units outstanding at end of period | 42,005 | 24,185 | ||
ING JULIUS BAER FOREIGN PORTFOLIO | ||||
(Funds were first received in this option during February 2006) | ||||
Value at beginning of period | $17.32 | $14.45 | ||
Value at end of period | $20.07 | $17.32 | ||
Number of accumulation units outstanding at end of period | 401,617 | 29,039 | ||
ING LEGG MASON PARTNERS AGGRESSIVE GROWTH | ||||
PORTFOLIO | ||||
Value at beginning of period | $10.09 | $9.20 | ||
Value at end of period | $9.88 | $10.09 | ||
Number of accumulation units outstanding at end of period | 191,216 | 285,289 | ||
ING LEGG MASON VALUE PORTFOLIO | ||||
Value at beginning of period | $12.23 | $11.54 | ||
Value at end of period | $11.44 | $12.23 | ||
Number of accumulation units outstanding at end of period | 5,162 | 6,809 | ||
ING MARSICO GROWTH PORTFOLIO | ||||
Value at beginning of period | $11.95 | $11.44 | ||
Value at end of period | $13.57 | $11.95 | ||
Number of accumulation units outstanding at end of period | 15,519 | 6,725 | ||
ING MARSICO INTERNATIONAL OPPORTUNITIES | ||||
PORTFOLIO | ||||
(Funds were first received in this option during January 2006) | ||||
Value at beginning of period | $15.42 | $13.13 | ||
Value at end of period | $18.50 | $15.42 | ||
Number of accumulation units outstanding at end of period | 53,994 | 27,546 |
CFI 10 |
Condensed Financial Information (continued) |
2007 | 2006 | |||
ING MFS UTILITIES PORTFOLIO | ||||
Value at beginning of period | $14.92 | $11.47 | ||
Value at end of period | $18.92 | $14.92 | ||
Number of accumulation units outstanding at end of period | 172,393 | 16,461 | ||
ING NEUBERGER BERMAN PARTNERS PORTFOLIO | ||||
(Funds were first received in this option during October 2006) | ||||
Value at beginning of period | $10.53 | $9.35 | ||
Value at end of period | $11.38 | $10.53 | ||
Number of accumulation units outstanding at end of period | 62,330 | 1,790 | ||
ING NEUBERGER BERMAN REGENCY PORTFOLIO | ||||
(Funds were first received in this option during November 2006) | ||||
Value at beginning of period | $11.22 | $10.73 | ||
Value at end of period | $11.42 | $11.22 | ||
Number of accumulation units outstanding at end of period | 5,466 | 131 | ||
ING OPPENHEIMER GLOBAL PORTFOLIO | ||||
Value at beginning of period | $14.35 | $12.22 | ||
Value at end of period | $15.22 | $14.35 | ||
Number of accumulation units outstanding at end of period | 1,353,299 | 1,129,666 | ||
ING OPPENHEIMER MAIN STREET PORTFOLIO® | ||||
(Funds were first received in this option during January 2006) | ||||
Value at beginning of period | $12.62 | $11.43 | ||
Value at end of period | $13.09 | $12.62 | ||
Number of accumulation units outstanding at end of period | 2,127 | 4,138 | ||
ING OPPENHEIMER STRATEGIC INCOME PORTFOLIO | ||||
Value at beginning of period | $10.99 | $10.19 | ||
Value at end of period | $11.90 | $10.99 | ||
Number of accumulation units outstanding at end of period | 391,046 | 240,769 | ||
ING PIMCO HIGH YIELD PORTFOLIO | ||||
Value at beginning of period | $11.42 | $10.54 | ||
Value at end of period | $11.69 | $11.42 | ||
Number of accumulation units outstanding at end of period | 59,052 | 17,763 | ||
ING PIONEER EQUITY INCOME PORTFOLIO | ||||
(Funds were first received in this option during August 2007) | ||||
Value at beginning of period | $9.43 | |||
Value at end of period | $9.23 | |||
Number of accumulation units outstanding at end of period | 751,731 | |||
ING PIONEER FUND PORTFOLIO | ||||
(Funds were first received in this option during October 2006) | ||||
Value at beginning of period | $10.85 | $10.30 | ||
Value at end of period | $11.37 | $10.85 | ||
Number of accumulation units outstanding at end of period | 98,451 | 49,010 | ||
ING PIONEER HIGH YIELD PORTFOLIO | ||||
(Funds were first received in this option during September 2006) | ||||
Value at beginning of period | $10.63 | $10.15 | ||
Value at end of period | $11.23 | $10.63 | ||
Number of accumulation units outstanding at end of period | 136,420 | 17,939 |
CFI 11 |
Condensed Financial Information (continued) |
2007 | 2006 | |||
ING PIONEER MID CAP VALUE PORTFOLIO | ||||
(Funds were first received in this option during July 2006) | ||||
Value at beginning of period | $10.65 | $9.55 | ||
Value at end of period | $11.21 | $10.65 | ||
Number of accumulation units outstanding at end of period | 939,901 | 15,117 | ||
ING SOLUTION 2015 PORTFOLIO | ||||
Value at beginning of period | $11.83 | $10.73 | ||
Value at end of period | $12.31 | $11.83 | ||
Number of accumulation units outstanding at end of period | 151,358 | 44,452 | ||
ING SOLUTION 2025 PORTFOLIO | ||||
Value at beginning of period | $12.28 | $10.96 | ||
Value at end of period | $12.79 | $12.28 | ||
Number of accumulation units outstanding at end of period | 86,634 | 25,973 | ||
ING SOLUTION 2035 PORTFOLIO | ||||
Value at beginning of period | $12.63 | $11.12 | ||
Value at end of period | $13.23 | $12.63 | ||
Number of accumulation units outstanding at end of period | 81,083 | 31,164 | ||
ING SOLUTION 2045 PORTFOLIO | ||||
Value at beginning of period | $12.97 | $11.33 | ||
Value at end of period | $13.66 | $12.97 | ||
Number of accumulation units outstanding at end of period | 44,478 | 15,263 | ||
ING SOLUTION INCOME PORTFOLIO | ||||
Value at beginning of period | $11.06 | $10.36 | ||
Value at end of period | $11.58 | $11.06 | ||
Number of accumulation units outstanding at end of period | 72,216 | 45,576 | ||
ING T. ROWE PRICE CAPITAL APPRECIATION | ||||
PORTFOLIO | ||||
Value at beginning of period | $12.53 | $10.99 | ||
Value at end of period | $13.02 | $12.53 | ||
Number of accumulation units outstanding at end of period | 1,934,744 | 39,912 | ||
ING T. ROWE PRICE DIVERSIFIED MID CAP GROWTH | ||||
PORTFOLIO | ||||
Value at beginning of period | $12.52 | $11.54 | ||
Value at end of period | $14.13 | $12.52 | ||
Number of accumulation units outstanding at end of period | 424,164 | 565,761 | ||
ING T. ROWE PRICE EQUITY INCOME PORTFOLIO | ||||
Value at beginning of period | $18.22 | $15.37 | ||
Value at end of period | $18.68 | $18.22 | ||
Number of accumulation units outstanding at end of period | 150,263 | 61,343 | ||
ING T. ROWE PRICE GROWTH EQUITY PORTFOLIO | ||||
Value at beginning of period | $16.20 | $14.37 | ||
Value at end of period | $17.71 | $16.20 | ||
Number of accumulation units outstanding at end of period | 250,855 | 424,529 |
CFI 12 |
Condensed Financial Information (continued) |
2007 | 2006 | |||
ING TEMPLETON FOREIGN EQUITY PORTFOLIO | ||||
(Funds were first received in this option during May 2006) | ||||
Value at beginning of period | $11.23 | $10.29 | ||
Value at end of period | $12.88 | $11.23 | ||
Number of accumulation units outstanding at end of period | 69,960 | 673 | ||
ING UBS U.S. LARGE CAP EQUITY PORTFOLIO | ||||
Value at beginning of period | $13.52 | $11.86 | ||
Value at end of period | $13.61 | $13.52 | ||
Number of accumulation units outstanding at end of period | 153,982 | 136,454 | ||
ING VAN KAMPEN CAPITAL GROWTH PORTFOLIO | ||||
(Funds were first received in this option during October 2006) | ||||
Value at beginning of period | $11.32 | $10.72 | ||
Value at end of period | $13.67 | $11.32 | ||
Number of accumulation units outstanding at end of period | 6,344 | 1,234 | ||
ING VAN KAMPEN COMSTOCK PORTFOLIO | ||||
Value at beginning of period | $14.85 | $12.88 | ||
Value at end of period | $14.44 | $14.85 | ||
Number of accumulation units outstanding at end of period | 138,953 | 152,560 | ||
ING VAN KAMPEN GROWTH AND INCOME | ||||
PORTFOLIO | ||||
Value at beginning of period | $12.81 | $11.10 | ||
Value at end of period | $13.08 | $12.81 | ||
Number of accumulation units outstanding at end of period | 293,847 | 79,372 | ||
ING VAN KAMPEN REAL ESTATE PORTFOLIO | ||||
(Funds were first received in this option during July 2006) | ||||
Value at beginning of period | $12.36 | $10.48 | ||
Value at end of period | $10.12 | $12.36 | ||
Number of accumulation units outstanding at end of period | 653,933 | 183,195 | ||
ING VP INDEX PLUS INTERNATIONAL EQUITY | ||||
PORTFOLIO | ||||
(Funds were first received in this option during November 2007) | ||||
Value at beginning of period | $11.00 | |||
Value at end of period | $10.84 | |||
Number of accumulation units outstanding at end of period | 30,079 | |||
ING VP INDEX PLUS LARGECAP PORTFOLIO | ||||
Value at beginning of period | $14.85 | $13.02 | ||
Value at end of period | $15.51 | $14.85 | ||
Number of accumulation units outstanding at end of period | 350,930 | 342,528 | ||
ING VP INDEX PLUS MIDCAP PORTFOLIO | ||||
Value at beginning of period | $23.80 | $21.85 | ||
Value at end of period | $24.98 | $23.80 | ||
Number of accumulation units outstanding at end of period | 477,321 | 432,043 |
CFI 13 |
Condensed Financial Information (continued) |
2007 | 2006 | |||
ING VP INDEX PLUS SMALLCAP PORTFOLIO | ||||
Value at beginning of period | $18.74 | $16.55 | ||
Value at end of period | $17.49 | $18.74 | ||
Number of accumulation units outstanding at end of period | 341,597 | 387,810 | ||
ING VP INTERMEDIATE BOND PORTFOLIO | ||||
Value at beginning of period | $15.72 | $15.18 | ||
Value at end of period | $16.58 | $15.72 | ||
Number of accumulation units outstanding at end of period | 389,230 | 299,042 | ||
ING VP INTERNATIONAL VALUE PORTFOLIO | ||||
Value at beginning of period | $17.08 | $13.26 | ||
Value at end of period | $19.27 | $17.08 | ||
Number of accumulation units outstanding at end of period | 360,257 | 72,092 | ||
ING VP MONEY MARKET PORTFOLIO | ||||
Value at beginning of period | $12.99 | $12.45 | ||
Value at end of period | $13.60 | $12.99 | ||
Number of accumulation units outstanding at end of period | 1,202,284 | 214,602 | ||
ING VP REAL ESTATE PORTFOLIO | ||||
Value at beginning of period | $21.16 | $15.62 | ||
Value at end of period | $17.66 | $21.16 | ||
Number of accumulation units outstanding at end of period | 175,234 | 78,134 | ||
ING VP STRATEGIC ALLOCATION CONSERVATIVE | ||||
PORTFOLIO | ||||
Value at beginning of period | $14.31 | $13.28 | ||
Value at end of period | $15.07 | $14.31 | ||
Number of accumulation units outstanding at end of period | 16,058 | 13,310 | ||
ING VP STRATEGIC ALLOCATION GROWTH | ||||
PORTFOLIO | ||||
Value at beginning of period | $13.73 | $12.19 | ||
Value at end of period | $14.35 | $13.73 | ||
Number of accumulation units outstanding at end of period | 52,777 | 38,454 | ||
ING VP STRATEGIC ALLOCATION MODERATE | ||||
PORTFOLIO | ||||
Value at beginning of period | $13.83 | $12.50 | ||
Value at end of period | $14.52 | $13.83 | ||
Number of accumulation units outstanding at end of period | 161,701 | 94,487 | ||
ING WELLS FARGO MID CAP DISCIPLINED | ||||
PORTFOLIO | ||||
(Funds were first received in this option during October 2006) | ||||
Value at beginning of period | $10.81 | $10.04 | ||
Value at end of period | $10.35 | $10.81 | ||
Number of accumulation units outstanding at end of period | 42,285 | 13,645 |
CFI 14 |
Condensed Financial Information (continued) |
2007 | 2006 | |||
ING WELLS FARGO SMALL CAP DISCIPLINED | ||||
PORTFOLIO | ||||
(Funds were first received in this option during May 2006) | ||||
Value at beginning of period | $10.56 | $10.08 | ||
Value at end of period | $10.12 | $10.56 | ||
Number of accumulation units outstanding at end of period | 19,420 | 22,274 | ||
LAZARD MID CAP PORTFOLIO | ||||
(Funds were first received in this option during June 2007) | ||||
Value at beginning of period | $10.17 | |||
Value at end of period | $8.78 | |||
Number of accumulation units outstanding at end of period | 10,851 | |||
NEW PERSPECTIVE FUND® | ||||
(Funds were first received in this option during January 2006) | ||||
Value at beginning of period | $15.02 | $13.23 | ||
Value at end of period | $17.32 | $15.02 | ||
Number of accumulation units outstanding at end of period | 228,690 | 163,750 | ||
OPCAP MID CAP PORTFOLIO | ||||
(Funds were first received in this option during September 2007) | ||||
Value at beginning of period | $9.98 | |||
Value at end of period | $9.84 | |||
Number of accumulation units outstanding at end of period | 16 | |||
OPPENHEIMER DEVELOPING MARKETS FUND | ||||
Value at beginning of period | $52.09 | $41.82 | ||
Value at end of period | $69.37 | $52.09 | ||
Number of accumulation units outstanding at end of period | 129,545 | 44,019 | ||
PAX WORLD BALANCED FUND | ||||
Value at beginning of period | $12.61 | $11.79 | ||
Value at end of period | $13.73 | $12.61 | ||
Number of accumulation units outstanding at end of period | 58,216 | 17,955 | ||
PIMCO VIT REAL RETURN PORTFOLIO | ||||
Value at beginning of period | $11.04 | $11.01 | ||
Value at end of period | $12.15 | $11.04 | ||
Number of accumulation units outstanding at end of period | 191,317 | 62,666 | ||
PIONEER EMERGING MARKETS VCT PORTFOLIO | ||||
(Funds were first received in this option during May 2007) | ||||
Value at beginning of period | $10.35 | |||
Value at end of period | $12.79 | |||
Number of accumulation units outstanding at end of period | 385,205 | |||
TEMPLETON GLOBAL BOND FUND | ||||
Value at beginning of period | $19.14 | $16.96 | ||
Value at end of period | $21.11 | $19.14 | ||
Number of accumulation units outstanding at end of period | 321,712 | 70,439 |
CFI 15 |
Condensed Financial Information (continued) |
2007 | 2006 | |||
THE GROWTH FUND OF AMERICA® | ||||
Value at beginning of period | $13.64 | $12.36 | ||
Value at end of period | $15.04 | $13.64 | ||
Number of accumulation units outstanding at end of period | 1,970,670 | 759,533 | ||
WANGER INTERNATIONAL SMALL CAP | ||||
(Funds were first received in this option during May 2007) | ||||
Value at beginning of period | $10.14 | |||
Value at end of period | $10.53 | |||
Number of accumulation units outstanding at end of period | 301,600 | |||
WANGER SELECT | ||||
(Funds were first received in this option during January 2006) | ||||
Value at beginning of period | $15.01 | $13.08 | ||
Value at end of period | $16.34 | $15.01 | ||
Number of accumulation units outstanding at end of period | 805,446 | 102,387 | ||
WANGER U.S. SMALLER COMPANIES | ||||
Value at beginning of period | $13.82 | $12.88 | ||
Value at end of period | $14.49 | $13.82 | ||
Number of accumulation units outstanding at end of period | 135,710 | 68,572 |
CFI 16 |
FOR MASTER APPLICATIONS ONLY |
I hereby acknowledge receipt of a Variable Annuity Account C prospectus dated April 28, 2008, as well as all current prospectuses for the funds available under the Contracts. ____Please send a Variable Annuity Account C Statement of Additional Information (Form No. SAI.134760-08) dated April 28, 2008. |
CONTRACT HOLDERS SIGNATURE |
DATE |
PRO.134760-08 |
VARIABLE ANNUITY ACCOUNT C OF ING LIFE INSURANCE AND ANNUITY COMPANY |
Statement of Additional Information dated April 28, 2008 For UNIVERSITY OF TEXAS SYSTEM RETIREMENT PROGRAMS |
Group Variable Annuity Contracts |
This statement of Additional Information is not a prospectus and should be read in conjunction with the current prospectus for Variable Annuity Account C (the Separate Account) dated April 28, 2008. A free prospectus is available upon request from the local ING Life Insurance and Annuity Company office or by writing to or calling: |
ING USFS Customer Service Defined Contribution Administration P.O. Box 990063 Windsor, CT 06095-0063 |
1-800-262-3862 |
Read the prospectus before you invest. Unless otherwise indicated, terms used in this Statement of Additional Information have the same meaning as in the prospectus. |
TABLE OF CONTENTS | ||
Page | ||
General Information and History | 2 | |
Variable Annuity Account C | 2 | |
Offering and Purchase of Contracts | 3 | |
Income Phase Payments | 3 | |
Sales Material and Advertising | 5 | |
Independent Registered Public Accounting Firm | 6 | |
Financial Statements of the Separate Account | S-1 | |
Consolidated Financial Statements of ING Life Insurance and Annuity Company | C-1 |
1 |
GENERAL INFORMATION AND HISTORY |
ING Life Insurance and Annuity Company (the Company, we, us, our) is a stock life insurance company which was |
VARIABLE ANNUITY ACCOUNT C |
Variable Annuity Account C is a separate account established by the Company for the purpose of funding variable annuity contracts issued by the Company. The separate account is registered with the Securities and Exchange Commission (SEC) as a unit investment trust under the Investment Company Act of 1940, as amended. Payments to accounts under the contract may be allocated to one or more of the subaccounts. Each subaccount invests in the shares of only one of the funds listed below. We may make additions to, deletions from or substitution of available variable investment options as permitted by law and subject to the conditions of the contract. The availability of the funds is subject to applicable regulatory authorization. |
2 |
The funds currently available under the contract are as follows: | ||||
| ||||
Artisan International Fund (Investor Shares) (1)(2) | ING Solution Income Portfolio (S Class)(5) | |||
Columbia Mid Cap Value Fund (Class A) (1)(2) | ING Solution 2015 Portfolio (S Class)(5) | |||
EuroPacific Growth Fund® (Class R-4) (1) | ING Solution 2025 Portfolio (S Class)(5) | |||
Fidelity® VIP Contrafund® Portfolio (Initial Class) | ING Solution 2035 Portfolio (S Class)(5) | |||
Fidelity® VIP Equity-Income Portfolio (Initial Class) | ING Solution 2045 Portfolio (S Class)(5) | |||
Franklin Small Cap Value Securities Fund (Class 2) | ING T. Rowe Price Capital Appreciation Portfolio (Class S) | |||
Fundamental Investors SM (Class R-4) (1)(2) | ING T. Rowe Price Diversified Mid Cap Growth Portfolio | |||
ING AllianceBernstein Mid Cap Growth Portfolio (Class S) | (I Class) | |||
ING American Century Small-Mid Cap Value Portfolio | ING T. Rowe Price Equity Income Portfolio (Class S) | |||
(S Class) | ING T. Rowe Price Growth Equity Portfolio (I Class) | |||
ING Baron Asset Portfolio (S Class) | ING Templeton Foreign Equity Portfolio (S Class) | |||
ING Baron Small Cap Growth Portfolio (S Class) | ING UBS U.S. Large Cap Equity Portfolio (I Class) | |||
ING BlackRock Global Science and Technology Portfolio | ING Van Kampen Capital Growth Portfolio (Class S) | |||
(Class I) | ING Van Kampen Comstock Portfolio (S Class) | |||
ING BlackRock Large Cap Growth Portfolio (Class S) | ING Van Kampen Growth and Income Portfolio (Class S) | |||
ING Davis New York Venture Portfolio (S Class) (3) | ING Van Kampen Real Estate Portfolio (Class S) | |||
ING Evergreen Health Sciences Portfolio (Class S) | ING VP Financial Services Portfolio (Class I)(6) | |||
ING Evergreen Omega Portfolio (Class S) | ING VP Growth and Income Portfolio (Class S) | |||
ING Fidelity® VIP Mid Cap Portfolio (S Class) (4) | ING VP Index Plus International Equity Portfolio (Class I) | |||
ING FMRSM Diversified Mid Cap Portfolio (Class S)* | ING VP Index Plus LargeCap Portfolio (Class I) | |||
ING International Index Portfolio (Class I) (2) | ING VP Index Plus MidCap Portfolio (Class I) | |||
ING Janus Contrarian Portfolio (Class S) | ING VP Index Plus SmallCap Portfolio (Class I) | |||
ING JPMorgan Small Cap Core Equity Portfolio (Class S) | ING VP Intermediate Bond Portfolio (Class I) | |||
ING JPMorgan Value Opportunities Portfolio (Class S) | ING VP International Value Portfolio (Class I) | |||
ING Julius Baer Foreign Portfolio (Class S) | ING VP Money Market Portfolio (Class I) | |||
ING Legg Mason Partners Aggressive Growth Portfolio | ING VP Real Estate Portfolio (Class I) | |||
(I Class) | ING VP Strategic Allocation Conservative Portfolio (Class I)(5) | |||
ING Legg Mason Value Portfolio (Class S) | ING VP Strategic Allocation Growth Portfolio (Class I) )(5) | |||
ING Lehman Brothers U.S. Aggregate Bond Index® Portfolio | ING VP Strategic Allocation Moderate Portfolio (Class I)(5) | |||
(Class I)(2) | ING Wells Fargo Disciplined Value Portfolio (Class S) | |||
ING Marsico Growth Portfolio (I Class ) | ING Wells Fargo Small Cap Disciplined Portfolio (Class S) | |||
ING Marsico International Opportunities Portfolio (Class S) | Lazard Mid Cap Portfolio (Open Shares) (1)(2)(7) | |||
ING MFS Utilities Portfolio (Class S) | Loomis Sayles Small Cap Value Fund (Retail Class) (1)(2) | |||
ING Neuberger Berman Partners Portfolio (S Class) | New Perspective Fund® (Class R-4) (1) | |||
ING Oppenheimer Global Portfolio (I Class) | OpCap Mid Cap Portfolio | |||
ING Oppenheimer Main Street Portfolio® (Class S) | Oppenheimer Developing Markets Fund (Class A) (1) | |||
ING Oppenheimer Strategic Income Portfolio (I Class) | Pax World Balanced Fund (Individual Investor Class) (1) | |||
ING PIMCO High Yield Portfolio (Class S) | PIMCO VIT Real Return Portfolio (Administrative Class) | |||
ING Pioneer Equity Income Portfolio (Class I) | Pioneer Emerging Markets VCT Portfolio (Class I) | |||
ING Pioneer Fund Portfolio (Class I) | RiverSource Diversified Equity Income Fund (Class R4) (1)(2) | |||
ING Pioneer High Yield Portfolio (I Class) | SMALLCAP World Fund® (Class R-4) (1)(2) | |||
ING Pioneer Mid Cap Value Portfolio (Class I) | Templeton Global Bond Fund (Class A) (1) | |||
ING Russell Large Cap Index Portfolio (Class I) (2) | The Bond Fund of America SM (Class R-4) (1)(2) | |||
ING Russell Mid Cap Index Portfolio (Class I) (2) | The Growth Fund of America® (Class R-4) (1) | |||
ING Russell Small Cap Index Portfolio (Class I) (2) | Wanger International Small Cap (8) | |||
ING Solution Growth and Income Portfolio (S Class)(2)(5) | Wanger Select | |||
ING Solution Growth Portfolio (S Class)(2)(5) | Wanger U.S. Smaller Companies (8) | |||
|
| |||
* | FMRSM is a service mark of Fidelity Management & Research Company. | |||
1 | This fund is available to the general public. See Investment Options -Additional Risks of Investing in the Funds. | |||
2 | This fund is scheduled to be available May 12, 2008. | |||
3 | This fund has changed its name to the name listed above. See Appendix II Description of Underlying Funds for a complete list of former | |||
and current fund names. | ||||
4 | This fund is structured as a master-feeder fund, which invests directly in the shares of an underlying fund. See Fees-Fund Fees and | |||
Expenses for additional information. | ||||
5 | These funds are structured as fund of funds that invest directly in shares of underlying funds. See Fees Fund Fees and Expenses for | |||
additional information. | ||||
6 | This fund is scheduled to be liquidated into the ING VP Money Market Portfolio (Class I) on or about September 5, 2008. | |||
7 | Effective May 1, 2008 Lazard mid Cap Portfolio is scheduled to change its name to Lazard U.S. Mid Cap Equity Portfolio. | |||
8 | Effective June 1, 2008, Wanger International Small Cap and Wanger U.S. Smaller Companies are scheduled to change their names to | |||
Wanger International and Wanger USA, respectively. | ||||
Complete descriptions of each of the funds, including their investment objectives, policies, risks and fees and | ||||
expenses, is contained in the prospectuses and statements of additional information for each of the funds. |
3 |
OFFERING AND PURCHASE OF CONTRACTS |
The Companys subsidiary, ING Financial Advisers, LLC serves as the principal underwriter for contracts. ING Financial Advisers, LLC, a Delaware limited liability company, is registered as a broker-dealer with the SEC. ING Financial Advisers, LLC is also a member of the Financial Industry Regulatory Authority and the Securities Investor Protection Corporation. ING Financial Advisers, LLCs principal office is located at One Orange Way, Windsor, Connecticut 06095-4774. The contracts are distributed through life insurance agents licensed to sell variable annuities who are registered representatives of ING Financial Advisers, LLC or of other registered broker-dealers who have entered into sales arrangements with ING Financial Advisers, LLC. The offering of the contracts is continuous. A description of the manner in which contracts are purchased may be found in the prospectus under the sections titled Contract Ownership and Rights and Your Account Value. Compensation paid to the principal underwriter, ING Financial Advisers, LLC, for the years ending December 31, 2007, 2006 and 2005 amounted to approximately $44,267,199.63, $43,390,180.16 and $36,978,063.93 respectively. These amounts reflect approximate compensation paid to ING Financial Advisers, LLC attributable to regulatory and operating expenses associated with the distribution of all registered variable annuity products issued by Variable Annuity Account C of ING Life Insurance and Annuity Company. |
INCOME PHASE PAYMENTS |
When you begin receiving payments under the contract during the income phase (see The Income Phase in the prospectus), the value of your account is determined using accumulation unit values as of the tenth valuation before the first income phase payment is due. Such value (less any applicable premium tax charge) is applied to provide income phase payments to you in accordance with the payment option and investment options elected. The Annuity option tables found in the contract show, for each option, the amount of the first income phase payment for each $1,000 of value applied. Thereafter, variable payments fluctuate as the Annuity Unit value(s) fluctuates with the investment experience of the selected investment option(s). The first income phase payment and subsequent income phase payments also vary depending on the assumed net investment rate selected (3.5% or 5% per annum). Selection of a 5% rate causes a higher first income phase payment, but income phase payments will increase thereafter only to the extent that the net investment rate increases by more than 5% on an annual basis. Income phase payments would decline if the rate failed to increase by 5%. Use of the 3.5% assumed rate causes a lower first income phase payment, but subsequent income phase payments would increase more rapidly or decline more slowly as changes occur in the net investment rate. When the income phase begins, the annuitant is credited with a fixed number of Annuity Units (which does not change thereafter) in each of the designated investment options. This number is calculated by dividing (a) by (b), where (a) is the amount of the first income phase payment based upon a particular investment option, and (b) is the then current Annuity Unit value for that investment option. As noted, Annuity Unit values fluctuate from one valuation to the next (see Your Account Value in the prospectus); such fluctuations reflect changes in the net investment factor for the appropriate subaccount(s) (with a ten day valuation lag which gives the Company time to process payments) and a mathematical adjustment which offsets the assumed net investment rate of 3.5% or 5% per annum. The operation of all these factors can be illustrated by the following hypothetical example. These procedures will be performed separately for the investment options selected during the income phase. |
EXAMPLE: |
Assume that, at the date income phase payments are to begin, there are 3,000 accumulation units credited under a particular contract or account and that the value of an accumulation unit for the tenth valuation prior to retirement was $13.650000. This produces a total value of $40,950. Assume also that no premium tax charge is payable and that the annuity table in the contract provides, for the income phase payment option elected, a first monthly variable income phase payment of $6.68 per $1000 of value applied; the annuitants first monthly income phase payment would thus be 40.950 multiplied by $6.68, or $273.55. |
4 |
Assume then that the value of an Annuity Unit upon the valuation on which the first income phase payment was due was $13.400000. When this value is divided into the first monthly income phase payment, the number of Annuity Units is determined to be 20.414. The value of this number of Annuity Units will be paid in each subsequent month. Suppose there were 30 days between the initial and second payment valuation dates. If the net investment factor with respect to the appropriate subaccount is 1.0032737 as of the tenth valuation preceding the due date of the second monthly income phase payment, multiplying this factor by .9971779* = .9999058^30 (to take into account 30 days of the assumed net investment rate of 3.5% per annum built into the number of Annuity Units determined above) produces a result of 1.000442. This is then multiplied by the Annuity Unit value for the prior valuation ($13.400000 from above) to produce an Annuity Unit value of $13.405928 for the valuation occurring when the second income phase payment is due. The second monthly income phase payment is then determined by multiplying the number of Annuity Units by the current Annuity Unit value, or 20.414 times $13.405928, which produces a payment of $273.67. *If an assumed net investment rate of 5% is elected, the appropriate factor to take into account such assumed rate would be .9959968 = .9998663^30. |
SALES MATERIAL AND ADVERTISING |
We may include hypothetical illustrations in our sales literature that explain the mathematical principles of dollar cost averaging, compounded interest, tax deferred accumulation, and the mechanics of variable annuity contracts. We may also discuss the difference between variable annuity contracts and other types of savings or investment products such as, personal savings accounts and certificates of deposit. We may distribute sales literature that compares the percentage change in accumulation unit values for any of the subaccounts to established market indices such as the Standard & Poors 500 Stock Index and the Dow Jones Industrial Average or to the percentage change in values of other management investment companies that have investment objectives similar to the subaccount being compared. We may publish in advertisements and reports, the ratings and other information assigned to us by one or more independent rating organizations such as A.M. Best Company, Duff & Phelps, Standard & Poors Corporation and Moodys Investors Service, Inc. The purpose of the ratings is to reflect our financial strength and/or claims-paying ability. We may also quote ranking services such as Morningstars Variable Annuity/Life Performance Report and Lippers Variable Insurance Performance Analysis Service (VIPPAS), which rank variable annuity or life subaccounts or their underlying funds by performance and/or investment objective. We may categorize funds in terms of the asset classes they represent and use such categories in marketing material for the contracts. We may illustrate in advertisements the performance of the underlying funds, if accompanied by performance which also shows the performance of such funds reduced by applicable charges under the separate account. We may also show in advertisements the portfolio holdings of the underlying funds, updated at various intervals. From time to time, we will quote articles from newspapers and magazines or other publications or reports, such as The Wall Street Journal, Money Magazine, USA Today and The VARDS Report. We may provide in advertising, sales literature, periodic publications or other materials information on various topics of interest to current and prospective contract holders or participants. These topics may include the relationship between sectors of the economy and the economy as a whole and its effect on various securities markets, investment strategies and techniques (such as value investing, market timing, dollar cost averaging, asset allocation, constant ratio transfer and account rebalancing), the advantages and disadvantages of investing in tax- deferred and taxable investments, customer profiles and hypothetical purchase and investment scenarios, financial management and tax and retirement planning, and investment alternatives to certificates of deposit and other financial instruments, including comparison between the contracts and the characteristics of and market for such financial instruments. |
5 |
INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM |
Ernst & Young LLP, 55 Ivan Allen Boulevard, Suite 1000, Atlanta, GA 30308, an Independent |
6 |
FINANCIAL STATEMENTS
Variable Annuity Account C of
ING Life Insurance and Annuity Company
Year ended December 31, 2007
with Report of Independent Registered Public Accounting Firm
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VARIABLE ANNUITY ACCOUNT C OF | ||
ING LIFE INSURANCE AND ANNUITY COMPANY | ||
Financial Statements | ||
Year ended December 31, 2007 |
Contents | ||||
|
Report of Independent Registered Public Accounting Firm | 1 | ||
|
Audited Financial Statements | |||
|
Statements of Assets and Liabilities | 5 | ||
Statements of Operations | 52 | |||
Statements of Changes in Net Assets | 104 | |||
Notes to Financial Statements | 169 |
This page intentionally left blank.
Report of Independent Registered Public Accounting Firm
The Board of Directors and Participants
ING Life Insurance and Annuity Company
We have audited the accompanying statements of assets and liabilities of the Divisions constituting
Variable Annuity Account C of ING Life Insurance and Annuity Company (the Account) as of
December 31, 2007, and the related statements of operations and changes in net assets for the periods
disclosed in the financial statements. These financial statements are the responsibility of the Accounts
management. Our responsibility is to express an opinion on these financial statements based on our
audits. The Account is comprised of the following Divisions:
AIM Growth Series: |
Fidelity® Variable Insurance Products II: |
ING Investors Trust (continued): |
ING Partners, Inc. (continued): |
ING Partners, Inc. (continued): |
Janus Aspen Series: |
Pioneer Variable Contracts Trust: |
The Income Fund of America®, Inc.: |
We conducted our audits in accordance with the standards of the Public Company Accounting Oversight
Board (United States). Those standards require that we plan and perform the audit to obtain reasonable
assurance about whether the financial statements are free of material misstatement. We were not engaged
to perform an audit of the Accounts internal control over financial reporting. Our audits include
consideration of internal control over financial reporting as a basis for designing audit procedures that are
appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of
the Accounts internal control over financial reporting. Accordingly, we express no such opinion. An
audit also includes examining, on a test basis, evidence supporting the amounts and disclosures in the
financial statements, assessing the accounting principles used and significant estimates made by
management, and evaluating the overall financial statement presentation. Our procedures included
confirmation of securities owned as of December 31, 2007, by correspondence with the transfer agents.
We believe that our audits provide a reasonable basis for our opinion.
In our opinion, the financial statements referred to above present fairly, in all material respects, the
financial position of each of the respective Divisions constituting Variable Annuity Account C of ING
Life Insurance and Annuity Company at December 31, 2007, the results of their operations and changes
in their net assets for the periods disclosed in the financial statements, in conformity with U.S. generally
accepted accounting principles.
/s/ Ernst & Young LLP
Atlanta, Georgia
March 21, 2008
VARIABLE ANNUITY ACCOUNT C OF | ||
ING LIFE INSURANCE AND ANNUITY COMPANY | ||
Statements of Assets and Liabilities | ||
December 31, 2007 | ||
(Dollars in thousands) |
|
|
AIM V.I. | ||||||||
AIM Global | Capital | |||||||||
AIM Mid Cap | AIM Small Cap | Health Care | Appreciation | AIM V.I. Core | ||||||
Core Equity | Growth Fund - | Fund - Investor | Fund - Series I | Equity Fund - | ||||||
Fund - Class A | Class A | Class | Shares | Series I Shares | ||||||
Assets | ||||||||||
Investments in mutual funds | ||||||||||
at fair value | $ 270 | $ 34 | $ 144 | $ 33,456 | $ 48,225 | |||||
Total assets | 270 | 34 | 144 | 33,456 | 48,225 | |||||
Net assets | $ 270 | $ 34 | $ 144 | $ 33,456 | $ 48,225 | |||||
Net assets |
||||||||||
Accumulation units | $ 270 | $ 34 | $ 144 | $ 33,354 | $ 48,130 | |||||
Contracts in payout (annuitization) | - | - | - | 102 | 95 | |||||
Total net assets | $ 270 | $ 34 | $ 144 | $ 33,456 | $ 48,225 | |||||
Total number of mutual fund shares |
11,413 | 1,175 | 4,994 | 1,139,124 | 1,656,638 | |||||
Cost of mutual fund shares |
$ 316 | $ 37 | $ 152 | $ 27,855 | $ 37,712 |
The accompanying notes are an integral part of these financial statements.
5
VARIABLE ANNUITY ACCOUNT C OF | ||
ING LIFE INSURANCE AND ANNUITY COMPANY | ||
Statements of Assets and Liabilities | ||
December 31, 2007 | ||
(Dollars in thousands) |
American | ||||||||||
American | Century | |||||||||
AllianceBernstein | AllianceBernstein | Allianz NFJ | Balanced | Income & | ||||||
Growth and Income | Growth and Income | Small-Cap | Fund® - Class | Growth Fund - | ||||||
Fund, Inc. - Class A | Portfolio - Class A | Value - Class A | R-3 | A Class | ||||||
Assets | ||||||||||
Investments in mutual funds | ||||||||||
at fair value | $ 120 | $ 645 | $ 454 | $ 6,361 | $ 5,597 | |||||
Total assets | 120 | 645 | 454 | 6,361 | 5,597 | |||||
Net assets | $ 120 | $ 645 | $ 454 | $ 6,361 | $ 5,597 | |||||
Net assets |
||||||||||
Accumulation units | $ 120 | $ 645 | $ 454 | $ 6,361 | $ 5,597 | |||||
Contracts in payout (annuitization) | - | - | - | - | - | |||||
Total net assets | $ 120 | $ 645 | $ 454 | $ 6,361 | $ 5,597 | |||||
Total number of mutual fund shares |
28,227 | 24,053 | 15,323 | 330,618 | 193,992 | |||||
Cost of mutual fund shares |
$ 122 | $ 622 | $ 480 | $ 6,108 | $ 6,065 |
The accompanying notes are an integral part of these financial statements.
6
VARIABLE ANNUITY ACCOUNT C OF | ||
ING LIFE INSURANCE AND ANNUITY COMPANY | ||
Statements of Assets and Liabilities | ||
December 31, 2007 | ||
(Dollars in thousands) |
Capital One | ||||||||||
Ariel | Calvert Social | Mid Cap | DWS Equity | |||||||
Appreciation | Balanced | Equity Fund - | 500 Index Fund | |||||||
Fund | Ariel Fund | Portfolio | Class A | - Class S | ||||||
Assets | ||||||||||
Investments in mutual funds | ||||||||||
at fair value | $ 578 | $ 838 | $ 59,468 | $ 87 | $ 228 | |||||
Total assets | 578 | 838 | 59,468 | 87 | 228 | |||||
Net assets | $ 578 | $ 838 | $ 59,468 | $ 87 | $ 228 | |||||
Net assets |
||||||||||
Accumulation units | $ 578 | $ 838 | $ 59,357 | $ 87 | $ 228 | |||||
Contracts in payout (annuitization) | - | - | 111 | - | - | |||||
Total net assets | $ 578 | $ 838 | $ 59,468 | $ 87 | $ 228 | |||||
Total number of mutual fund shares |
13,423 | 18,055 | 31,005,109 | 5,680 | 1,384 | |||||
Cost of mutual fund shares | $ 639 | $ 946 | $ 57,561 | $ 101 | $ 209 |
The accompanying notes are an integral part of these financial statements.
7
VARIABLE ANNUITY ACCOUNT C OF | ||
ING LIFE INSURANCE AND ANNUITY COMPANY | ||
Statements of Assets and Liabilities | ||
December 31, 2007 | ||
(Dollars in thousands) |
Fidelity® VIP | ||||||||||
EuroPacific | EuroPacific | Evergreen | Evergreen | Equity-Income | ||||||
Growth Fund® | Growth Fund® | Equity Income | Special Values | Portfolio - | ||||||
- Class R-3 | - Class R-4 | Fund - Class I | Fund - Class A | Initial Class | ||||||
Assets | ||||||||||
Investments in mutual funds | ||||||||||
at fair value | $ 9,594 | $ 212,894 | $ 3,826 | $ 94,562 | $ 426,528 | |||||
Total assets | 9,594 | 212,894 | 3,826 | 94,562 | 426,528 | |||||
Net assets | $ 9,594 | $ 212,894 | $ 3,826 | $ 94,562 | $ 426,528 | |||||
Net assets |
||||||||||
Accumulation units | $ 9,594 | $ 212,894 | $ - | $ 94,562 | $ 421,309 | |||||
Contracts in payout (annuitization) | - | - | 3,826 | - | 5,219 | |||||
Total net assets | $ 9,594 | $ 212,894 | $ 3,826 | $ 94,562 | $ 426,528 | |||||
Total number of mutual fund shares |
191,660 | 4,244,295 | 341,324 | 4,624,050 | 17,838,886 | |||||
Cost of mutual fund shares |
$ 9,072 | $ 189,126 | $ 3,829 | $ 121,078 | $ 413,003 |
The accompanying notes are an integral part of these financial statements.
8
VARIABLE ANNUITY ACCOUNT C OF | ||
ING LIFE INSURANCE AND ANNUITY COMPANY | ||
Statements of Assets and Liabilities | ||
December 31, 2007 | ||
(Dollars in thousands) |
Fidelity® VIP | Fidelity® VIP | Fidelity® VIP | Fidelity® VIP | Fidelity® VIP | ||||||
Growth | High Income | Overseas | Contrafund® | Index 500 | ||||||
Portfolio - | Portfolio - | Portfolio - | Portfolio - | Portfolio - | ||||||
Initial Class | Initial Class | Initial Class | Initial Class | Initial Class | ||||||
Assets | ||||||||||
Investments in mutual funds | ||||||||||
at fair value | $ 329,714 | $ 7,556 | $ 60,698 | $ 1,311,557 | $ 126,698 | |||||
Total assets | 329,714 | 7,556 | 60,698 | 1,311,557 | 126,698 | |||||
Net assets | $ 329,714 | $ 7,556 | $ 60,698 | $ 1,311,557 | $ 126,698 | |||||
Net assets |
||||||||||
Accumulation units | $ 329,294 | $ 7,477 | $ 60,698 | $ 1,300,873 | $ 126,698 | |||||
Contracts in payout (annuitization) | 420 | 79 | - | 10,684 | - | |||||
Total net assets | $ 329,714 | $ 7,556 | $ 60,698 | $ 1,311,557 | $ 126,698 | |||||
Total number of mutual fund shares |
7,307,496 | 1,263,608 | 2,397,252 | 47,009,196 | 772,457 | |||||
Cost of mutual fund shares |
$ 266,352 | $ 8,088 | $ 48,944 | $ 1,234,269 | $ 99,635 |
The accompanying notes are an integral part of these financial statements.
9
VARIABLE ANNUITY ACCOUNT C OF | ||
ING LIFE INSURANCE AND ANNUITY COMPANY | ||
Statements of Assets and Liabilities | ||
December 31, 2007 | ||
(Dollars in thousands) |
Fidelity® VIP | ||||||||||
Fidelity® VIP | Asset | Franklin Small- | Franklin Small | |||||||
Mid Cap | ManagerSM | Mutual | Mid Cap | Cap Value | ||||||
Portfolio - | Portfolio - | Discovery Fund | Growth Fund - | Securities Fund | ||||||
Initial Class | Initial Class | - Class R | Class A | - Class 2 | ||||||
Assets | ||||||||||
Investments in mutual funds | ||||||||||
at fair value | $ 9,972 | $ 20,260 | $ 2,445 | $ 767 | $ 91,636 | |||||
Total assets | 9,972 | 20,260 | 2,445 | 767 | 91,636 | |||||
Net assets | $ 9,972 | $ 20,260 | $ 2,445 | $ 767 | $ 91,636 | |||||
Net assets |
||||||||||
Accumulation units | $ 9,972 | $ 20,260 | $ 2,445 | $ 767 | $ 90,443 | |||||
Contracts in payout (annuitization) | - | - | - | - | 1,193 | |||||
Total net assets | $ 9,972 | $ 20,260 | $ 2,445 | $ 767 | $ 91,636 | |||||
Total number of mutual fund shares |
275,772 | 1,222,719 | 76,764 | 21,672 | 5,358,854 | |||||
Cost of mutual fund shares |
$ 9,403 | $ 17,588 | $ 2,245 | $ 827 | $ 90,728 |
The accompanying notes are an integral part of these financial statements.
10
VARIABLE ANNUITY ACCOUNT C OF | ||
ING LIFE INSURANCE AND ANNUITY COMPANY | ||
Statements of Assets and Liabilities | ||
December 31, 2007 | ||
(Dollars in thousands) |
ING | ||||||||||
ING | AllianceBernstein | |||||||||
ING Financial | ING Real | ING GNMA | Intermediate | Mid Cap Growth | ||||||
Services Fund - | Estate Fund - | Income Fund - | Bond Fund - | Portfolio - Service | ||||||
Class A | Class A | Class A | Class A | Class | ||||||
Assets | ||||||||||
Investments in mutual funds | ||||||||||
at fair value | $ 136 | $ 1,923 | $ 1,405 | $ 3,064 | $ 3,891 | |||||
Total assets | 136 | 1,923 | 1,405 | 3,064 | 3,891 | |||||
Net assets | $ 136 | $ 1,923 | $ 1,405 | $ 3,064 | $ 3,891 | |||||
Net assets |
||||||||||
Accumulation units | $ 136 | $ 1,923 | $ 1,405 | $ 3,064 | $ 3,891 | |||||
Contracts in payout (annuitization) | - | - | - | - | - | |||||
Total net assets | $ 136 | $ 1,923 | $ 1,405 | $ 3,064 | $ 3,891 | |||||
Total number of mutual fund shares |
7,755 | 138,917 | 166,519 | 298,383 | 221,727 | |||||
Cost of mutual fund shares |
$ 171 | $ 2,384 | $ 1,391 | $ 3,046 | $ 3,882 |
The accompanying notes are an integral part of these financial statements.
11
VARIABLE ANNUITY ACCOUNT C OF | ||
ING LIFE INSURANCE AND ANNUITY COMPANY | ||
Statements of Assets and Liabilities | ||
December 31, 2007 | ||
(Dollars in thousands) |
ING BlackRock | ||||||||||
Large Cap | ING BlackRock | ING BlackRock | ||||||||
Growth | Large Cap | Large Cap | ING Evergreen | ING Evergreen | ||||||
Portfolio - | Growth | Growth | Health Sciences | Omega | ||||||
Institutional | Portfolio - | Portfolio - | Portfolio - | Portfolio - | ||||||
Class | Service Class | Service 2 Class | Service Class | Service Class | ||||||
Assets | ||||||||||
Investments in mutual funds | ||||||||||
at fair value | $ 115,938 | $ 43 | $ 147 | $ 6,256 | $ - | |||||
Total assets | 115,938 | 43 | 147 | 6,256 | - | |||||
Net assets | $ 115,938 | $ 43 | $ 147 | $ 6,256 | $ - | |||||
Net assets |
||||||||||
Accumulation units | $ 115,617 | $ 43 | $ 147 | $ 6,256 | $ - | |||||
Contracts in payout (annuitization) | 321 | - | - | - | - | |||||
Total net assets | $ 115,938 | $ 43 | $ 147 | $ 6,256 | $ - | |||||
Total number of mutual fund shares |
9,364,952 | 3,525 | 12,059 | 491,817 | 19 | |||||
Cost of mutual fund shares |
$ 117,872 | $ 43 | $ 149 | $ 5,911 | $ - |
The accompanying notes are an integral part of these financial statements.
12
VARIABLE ANNUITY ACCOUNT C OF | ||
ING LIFE INSURANCE AND ANNUITY COMPANY | ||
Statements of Assets and Liabilities | ||
December 31, 2007 | ||
(Dollars in thousands) |
ING FMRSM | ||||||||||
Large Cap | ING FMRSM | ING Global | ||||||||
ING FMRSM | Growth | Large Cap | Resources | ING Global | ||||||
Diversified Mid | Portfolio - | Growth | Portfolio - | Resources | ||||||
Cap Portfolio - | Institutional | Portfolio - | Institutional | Portfolio - | ||||||
Service Class | Class | Service Class | Class | Service Class | ||||||
Assets | ||||||||||
Investments in mutual funds | ||||||||||
at fair value | $ 19,443 | $ 142 | $ - | $ 44 | $ 109,431 | |||||
Total assets | 19,443 | 142 | - | 44 | 109,431 | |||||
Net assets | $ 19,443 | $ 142 | $ - | $ 44 | $ 109,431 | |||||
Net assets |
||||||||||
Accumulation units | $ 19,443 | $ 142 | $ - | $ 44 | $ 109,431 | |||||
Contracts in payout (annuitization) | - | - | - | - | - | |||||
Total net assets | $ 19,443 | $ 142 | $ - | $ 44 | $ 109,431 | |||||
Total number of mutual fund shares |
1,275,802 | 12,585 | 9 | 1,670 | 4,178,369 | |||||
Cost of mutual fund shares |
$ 17,546 | $ 142 | $ - | $ 40 | $ 91,317 |
The accompanying notes are an integral part of these financial statements.
13
VARIABLE ANNUITY ACCOUNT C OF | ||
ING LIFE INSURANCE AND ANNUITY COMPANY | ||
Statements of Assets and Liabilities | ||
December 31, 2007 | ||
(Dollars in thousands) |
ING JPMorgan | ||||||||||
ING JPMorgan | Emerging | ING JPMorgan | ING JPMorgan | |||||||
ING Janus | Emerging | Markets Equity | Emerging | Small Cap Core | ||||||
Contrarian | Markets Equity | Portfolio - | Markets Equity | Equity | ||||||
Portfolio - | Portfolio - | Institutional | Portfolio - | Portfolio - | ||||||
Service Class | Adviser Class | Class | Service Class | Service Class | ||||||
Assets | ||||||||||
Investments in mutual funds | ||||||||||
at fair value | $ 4,611 | $ 368 | $ 43,831 | $ 40,173 | $ 2,468 | |||||
Total assets | 4,611 | 368 | 43,831 | 40,173 | 2,468 | |||||
Net assets | $ 4,611 | $ 368 | $ 43,831 | $ 40,173 | $ 2,468 | |||||
Net assets |
||||||||||
Accumulation units | $ 4,611 | $ 368 | $ 43,831 | $ 40,173 | $ 2,468 | |||||
Contracts in payout (annuitization) | - | - | - | - | - | |||||
Total net assets | $ 4,611 | $ 368 | $ 43,831 | $ 40,173 | $ 2,468 | |||||
Total number of mutual fund shares |
260,497 | 13,914 | 1,633,060 | 1,500,129 | 185,972 | |||||
Cost of mutual fund shares |
$ 4,598 | $ 332 | $ 31,262 | $ 30,348 | $ 2,687 |
The accompanying notes are an integral part of these financial statements.
14
VARIABLE ANNUITY ACCOUNT C OF | ||
ING LIFE INSURANCE AND ANNUITY COMPANY | ||
Statements of Assets and Liabilities | ||
December 31, 2007 | ||
(Dollars in thousands) |
ING JPMorgan | ING Lord | |||||||||
Value | ING JPMorgan | Abbett | ||||||||
Opportunities | Value | ING Julius | ING Legg | Affiliated | ||||||
Portfolio - | Opportunities | Baer Foreign | Mason Value | Portfolio - | ||||||
Institutional | Portfolio - | Portfolio - | Portfolio - | Institutional | ||||||
Class | Service Class | Service Class | Service Class | Class | ||||||
Assets | ||||||||||
Investments in mutual funds | ||||||||||
at fair value | $ 72 | $ 1,839 | $ 59,851 | $ 4,394 | $ 131,763 | |||||
Total assets | 72 | 1,839 | 59,851 | 4,394 | 131,763 | |||||
Net assets | $ 72 | $ 1,839 | $ 59,851 | $ 4,394 | $ 131,763 | |||||
Net assets |
||||||||||
Accumulation units | $ 72 | $ 1,839 | $ 59,851 | $ 4,394 | $ 130,367 | |||||
Contracts in payout (annuitization) | - | - | - | - | 1,396 | |||||
Total net assets | $ 72 | $ 1,839 | $ 59,851 | $ 4,394 | $ 131,763 | |||||
Total number of mutual fund shares |
6,094 | 156,510 | 3,254,521 | 420,040 | 10,391,386 | |||||
Cost of mutual fund shares |
$ 83 | $ 2,020 | $ 52,811 | $ 4,593 | $ 129,318 |
The accompanying notes are an integral part of these financial statements.
15
VARIABLE ANNUITY ACCOUNT C OF | ||
ING LIFE INSURANCE AND ANNUITY COMPANY | ||
Statements of Assets and Liabilities | ||
December 31, 2007 | ||
(Dollars in thousands) |
ING Lord | ING Marsico | ING Marsico | ||||||||
Abbett | ING Marsico | International | International | ING MFS Total | ||||||
Affiliated | Growth | Opportunities | Opportunities | Return | ||||||
Portfolio - | Portfolio - | Portfolio - | Portfolio - | Portfolio - | ||||||
Service Class | Service Class | Adviser Class | Service Class | Adviser Class | ||||||
Assets | ||||||||||
Investments in mutual funds | ||||||||||
at fair value | $ 516 | $ 4,327 | $ 64 | $ 12,551 | $ 567 | |||||
Total assets | 516 | 4,327 | 64 | 12,551 | 567 | |||||
Net assets | $ 516 | $ 4,327 | $ 64 | $ 12,551 | $ 567 | |||||
Net assets |
||||||||||
Accumulation units | $ 516 | $ 4,327 | $ 64 | $ 12,551 | $ 567 | |||||
Contracts in payout (annuitization) | - | - | - | - | - | |||||
Total net assets | $ 516 | $ 4,327 | $ 64 | $ 12,551 | $ 567 | |||||
Total number of mutual fund shares |
40,686 | 228,594 | 3,768 | 736,100 | 31,533 | |||||
Cost of mutual fund shares |
$ 546 | $ 3,890 | $ 66 | $ 11,163 | $ 583 |
The accompanying notes are an integral part of these financial statements.
16
VARIABLE ANNUITY ACCOUNT C OF | ||
ING LIFE INSURANCE AND ANNUITY COMPANY | ||
Statements of Assets and Liabilities | ||
December 31, 2007 | ||
(Dollars in thousands) |
ING MFS Total | ING | ING PIMCO | ||||||||
Return | ING MFS Total | ING MFS | Oppenheimer | High Yield | ||||||
Portfolio - | Return | Utilities | Main Street | Portfolio - | ||||||
Institutional | Portfolio - | Portfolio - | Portfolio® - | Institutional | ||||||
Class | Service Class | Service Class | Service Class | Class | ||||||
Assets | ||||||||||
Investments in mutual funds | ||||||||||
at fair value | $ 81,146 | $ 33,604 | $ 37,523 | $ 2,004 | $ 800 | |||||
Total assets | 81,146 | 33,604 | 37,523 | 2,004 | 800 | |||||
Net assets | $ 81,146 | $ 33,604 | $ 37,523 | $ 2,004 | $ 800 | |||||
Net assets |
||||||||||
Accumulation units | $ 81,146 | $ 33,604 | $ 37,523 | $ 2,004 | $ 800 | |||||
Contracts in payout (annuitization) | - | - | - | - | - | |||||
Total net assets |
$ 81,146 | $ 33,604 | $ 37,523 | $ 2,004 | $ 800 | |||||
Total number of mutual fund shares |
4,443,913 | 1,843,340 | 2,103,324 | 97,866 | 80,978 | |||||
Cost of mutual fund shares |
$ 80,274 | $ 34,116 | $ 33,495 | $ 2,023 | $ 810 |
The accompanying notes are an integral part of these financial statements.
17
VARIABLE ANNUITY ACCOUNT C OF | ||
ING LIFE INSURANCE AND ANNUITY COMPANY | ||
Statements of Assets and Liabilities | ||
December 31, 2007 | ||
(Dollars in thousands) |
ING Pioneer | ING Pioneer | |||||||||
ING PIMCO | Equity Income | ING Pioneer | Mid Cap Value | |||||||
High Yield | Portfolio - | Fund Portfolio | ING Pioneer | Portfolio - | ||||||
Portfolio - | Institutional | - Institutional | Fund Portfolio | Institutional | ||||||
Service Class | Class | Class | - Service Class | Class | ||||||
Assets | ||||||||||
Investments in mutual funds | ||||||||||
at fair value | $ 5,722 | $ 156,482 | $ 16,489 | $ 111 | $ 96,991 | |||||
Total assets | 5,722 | 156,482 | 16,489 | 111 | 96,991 | |||||
Net assets | $ 5,722 | $ 156,482 | $ 16,489 | $ 111 | $ 96,991 | |||||
Net assets |
||||||||||
Accumulation units | $ 5,722 | $ 153,165 | $ 16,215 | $ 111 | $ 95,748 | |||||
Contracts in payout (annuitization) | - | 3,317 | 274 | - | 1,243 | |||||
Total net assets | $ 5,722 | $ 156,482 | $ 16,489 | $ 111 | $ 96,991 | |||||
Total number of mutual fund shares |
578,521 | 17,045,978 | 1,252,966 | 8,451 | 7,840,810 | |||||
Cost of mutual fund shares |
$ 5,908 | $ 161,834 | $ 16,406 | $ 111 | $ 99,133 |
The accompanying notes are an integral part of these financial statements.
18
VARIABLE ANNUITY ACCOUNT C OF | ||
ING LIFE INSURANCE AND ANNUITY COMPANY | ||
Statements of Assets and Liabilities | ||
December 31, 2007 | ||
(Dollars in thousands) |
ING T. Rowe | ING T. Rowe | ING T. Rowe | ||||||||
ING Pioneer | ING Stock | Price Capital | Price Equity | Price Equity | ||||||
Mid Cap Value | Index Portfolio | Appreciation | Income | Income | ||||||
Portfolio - | - Institutional | Portfolio - | Portfolio - | Portfolio - | ||||||
Service Class | Class | Service Class | Adviser Class | Service Class | ||||||
Assets | ||||||||||
Investments in mutual funds | ||||||||||
at fair value | $ 16 | $ 3,588 | $ 168,990 | $ 1,151 | $ 101,704 | |||||
Total assets | 16 | 3,588 | 168,990 | 1,151 | 101,704 | |||||
Net assets | $ 16 | $ 3,588 | $ 168,990 | $ 1,151 | $ 101,704 | |||||
Net assets |
||||||||||
Accumulation units | $ 16 | $ 3,588 | $ 168,990 | $ 1,151 | $ 101,704 | |||||
Contracts in payout (annuitization) | - | - | - | - | - | |||||
Total net assets | $ 16 | $ 3,588 | $ 168,990 | $ 1,151 | $ 101,704 | |||||
Total number of mutual fund shares |
1,304 | 277,290 | 6,844,460 | 76,762 | 6,682,257 | |||||
Cost of mutual fund shares |
$ 16 | $ 3,376 | $ 176,538 | $ 1,199 | $ 94,539 |
The accompanying notes are an integral part of these financial statements.
19
VARIABLE ANNUITY ACCOUNT C OF | ||
ING LIFE INSURANCE AND ANNUITY COMPANY | ||
Statements of Assets and Liabilities | ||
December 31, 2007 | ||
(Dollars in thousands) |
ING Van | ||||||||||
ING Templeton | ING Van | Kampen | ING Van | |||||||
Global Growth | ING Templeton | Kampen | Growth and | Kampen Real | ||||||
Portfolio - | Global Growth | Capital Growth | Income | Estate Portfolio | ||||||
Institutional | Portfolio - | Portfolio - | Portfolio - | - Institutional | ||||||
Class | Service Class | Service Class | Service Class | Class | ||||||
Assets | ||||||||||
Investments in mutual funds | ||||||||||
at fair value | $ 1,186 | $ 2,833 | $ 87 | $ 17,288 | $ 942 | |||||
Total assets | 1,186 | 2,833 | 87 | 17,288 | 942 | |||||
Net assets | $ 1,186 | $ 2,833 | $ 87 | $ 17,288 | $ 942 | |||||
Net assets |
||||||||||
Accumulation units | $ 1,186 | $ 2,833 | $ 87 | $ 17,288 | $ - | |||||
Contracts in payout (annuitization) | - | - | - | - | 942 | |||||
Total net assets |
$ 1,186 | $ 2,833 | $ 87 | $ 17,288 | $ 942 | |||||
Total number of mutual fund shares |
82,506 | 196,851 | 6,228 | 644,109 | 33,000 | |||||
Cost of mutual fund shares |
$ 1,192 | $ 2,881 | $ 78 | $ 17,841 | $ 1,191 |
The accompanying notes are an integral part of these financial statements.
20
VARIABLE ANNUITY ACCOUNT C OF | ||
ING LIFE INSURANCE AND ANNUITY COMPANY | ||
Statements of Assets and Liabilities | ||
December 31, 2007 | ||
(Dollars in thousands) |
ING VP Index | ||||||||||
Plus | ING VP Index | |||||||||
International | Plus | ING Wells | ING Wells | |||||||
ING Van | Equity | International | Fargo | Fargo | ||||||
Kampen Real | Portfolio - | Equity | Disciplined | Disciplined | ||||||
Estate Portfolio | Institutional | Portfolio - | Value Portfolio | Value Portfolio | ||||||
- Service Class | Class | Service Class | - Adviser Class | - Service Class | ||||||
Assets | ||||||||||
Investments in mutual funds | ||||||||||
at fair value | $ 20,838 | $ 22,362 | $ 7,116 | $ 3 | $ 1,123 | |||||
Total assets | 20,838 | 22,362 | 7,116 | 3 | 1,123 | |||||
Net assets | $ 20,838 | $ 22,362 | $ 7,116 | $ 3 | $ 1,123 | |||||
Net assets |
||||||||||
Accumulation units | $ 20,838 | $ 20,893 | $ 7,116 | $ 3 | $ 1,123 | |||||
Contracts in payout (annuitization) | - | 1,469 | - | - | - | |||||
Total net assets | $ 20,838 | $ 22,362 | $ 7,116 | $ 3 | $ 1,123 | |||||
Total number of mutual fund shares |
733,482 | 1,578,152 | 503,942 | 157 | 66,324 | |||||
Cost of mutual fund shares |
$ 27,567 | $ 22,666 | $ 7,207 | $ 3 | $ 1,210 |
The accompanying notes are an integral part of these financial statements.
21
VARIABLE ANNUITY ACCOUNT C OF | ||
ING LIFE INSURANCE AND ANNUITY COMPANY | ||
Statements of Assets and Liabilities | ||
December 31, 2007 | ||
(Dollars in thousands) |
ING Wells | ING | ING American | ING American | |||||||
Fargo Small | International | ING | Century Large | Century Large | ||||||
Cap Disciplined | Growth | International | Company | Company | ||||||
Portfolio - | Opportunities | SmallCap Fund | Value Portfolio | Value Portfolio | ||||||
Service Class | Fund - Class Q | - Class A | - Adviser Class | - Service Class | ||||||
Assets | ||||||||||
Investments in mutual funds | ||||||||||
at fair value | $ 1,022 | $ 11 | $ 2,221 | $ 86 | $ 4,430 | |||||
Total assets | 1,022 | 11 | 2,221 | 86 | 4,430 | |||||
Net assets | $ 1,022 | $ 11 | $ 2,221 | $ 86 | $ 4,430 | |||||
Net assets |
||||||||||
Accumulation units | $ 1,022 | $ 11 | $ 2,221 | $ 86 | $ 4,222 | |||||
Contracts in payout (annuitization) | - | - | - | - | 208 | |||||
Total net assets | $ 1,022 | $ 11 | $ 2,221 | $ 86 | $ 4,430 | |||||
Total number of mutual fund shares |
93,200 | 912 | 46,021 | 6,042 | 306,172 | |||||
Cost of mutual fund shares |
$ 1,075 | $ 11 | $ 2,458 | $ 89 | $ 4,487 |
The accompanying notes are an integral part of these financial statements.
22
VARIABLE ANNUITY ACCOUNT C OF | ||
ING LIFE INSURANCE AND ANNUITY COMPANY | ||
Statements of Assets and Liabilities | ||
December 31, 2007 | ||
(Dollars in thousands) |
ING American | ING American | ING Baron | ING Baron | |||||||
Century Small- | Century Small- | Small Cap | Small Cap | |||||||
Mid Cap Value | Mid Cap Value | ING Baron | Growth | Growth | ||||||
Portfolio - | Portfolio - | Asset Portfolio | Portfolio - | Portfolio - | ||||||
Adviser Class | Service Class | - Service Class | Adviser Class | Service Class | ||||||
Assets | ||||||||||
Investments in mutual funds | ||||||||||
at fair value | $ 37 | $ 28,635 | $ 3,217 | $ 257 | $ 108,700 | |||||
Total assets | 37 | 28,635 | 3,217 | 257 | 108,700 | |||||
Net assets | $ 37 | $ 28,635 | $ 3,217 | $ 257 | $ 108,700 | |||||
Net assets |
||||||||||
Accumulation units | $ 37 | $ 28,282 | $ 3,217 | $ 257 | $ 108,067 | |||||
Contracts in payout (annuitization) | - | 353 | - | - | 633 | |||||
Total net assets | $ 37 | $ 28,635 | $ 3,217 | $ 257 | $ 108,700 | |||||
Total number of mutual fund shares |
3,323 | 2,511,819 | 266,102 | 13,408 | 5,588,712 | |||||
Cost of mutual fund shares |
$ 43 | $ 30,238 | $ 3,146 | $ 257 | $ 87,530 |
The accompanying notes are an integral part of these financial statements.
23
VARIABLE ANNUITY ACCOUNT C OF | ||
ING LIFE INSURANCE AND ANNUITY COMPANY | ||
Statements of Assets and Liabilities | ||
December 31, 2007 | ||
(Dollars in thousands) |
ING Columbia | ||||||||||
Small Cap | ING Davis New | ING Fidelity® | ING JPMorgan | ING JPMorgan | ||||||
Value II | York Venture | VIP Mid Cap | International | International | ||||||
Portfolio - | Portfolio - | Portfolio - | Portfolio - | Portfolio - | ||||||
Service Class | Service Class | Service Class | Adviser Class | Initial Class | ||||||
Assets | ||||||||||
Investments in mutual funds | ||||||||||
at fair value | $ 796 | $ 11,313 | $ 4,044 | $ 191 | $ 142,311 | |||||
Total assets | 796 | 11,313 | 4,044 | 191 | 142,311 | |||||
Net assets | $ 796 | $ 11,313 | $ 4,044 | $ 191 | $ 142,311 | |||||
Net assets |
||||||||||
Accumulation units | $ 796 | $ 11,249 | $ 4,044 | $ 191 | $ 140,290 | |||||
Contracts in payout (annuitization) | - | 64 | - | - | 2,021 | |||||
Total net assets | $ 796 | $ 11,313 | $ 4,044 | $ 191 | $ 142,311 | |||||
Total number of mutual fund shares |
76,234 | 554,842 | 257,280 | 11,128 | 8,122,764 | |||||
Cost of mutual fund shares |
$ 824 | $ 10,282 | $ 3,961 | $ 194 | $ 95,173 |
The accompanying notes are an integral part of these financial statements.
24
VARIABLE ANNUITY ACCOUNT C OF | ||
ING LIFE INSURANCE AND ANNUITY COMPANY | ||
Statements of Assets and Liabilities | ||
December 31, 2007 | ||
(Dollars in thousands) |
ING Legg | ING Legg | |||||||||
Mason | Mason | |||||||||
Partners | Partners | |||||||||
ING JPMorgan | ING JPMorgan | ING JPMorgan | Aggressive | Aggressive | ||||||
International | Mid Cap Value | Mid Cap Value | Growth | Growth | ||||||
Portfolio - | Portfolio - | Portfolio - | Portfolio - | Portfolio - | ||||||
Service Class | Adviser Class | Service Class | Adviser Class | Initial Class | ||||||
Assets | ||||||||||
Investments in mutual funds | ||||||||||
at fair value | $ 31 | $ 386 | $ 34,984 | $ 96 | $ 161,023 | |||||
Total assets | 31 | 386 | 34,984 | 96 | 161,023 | |||||
Net assets | $ 31 | $ 386 | $ 34,984 | $ 96 | $ 161,023 | |||||
Net assets |
||||||||||
Accumulation units | $ 31 | $ 386 | $ 34,009 | $ 96 | $ 160,873 | |||||
Contracts in payout (annuitization) | - | - | 975 | - | 150 | |||||
Total net assets | $ 31 | $ 386 | $ 34,984 | $ 96 | $ 161,023 | |||||
Total number of mutual fund shares |
1,782 | 24,878 | 2,232,534 | 2,052 | 3,333,128 | |||||
Cost of mutual fund shares |
$ 28 | $ 417 | $ 33,157 | $ 102 | $ 158,478 |
The accompanying notes are an integral part of these financial statements.
25
VARIABLE ANNUITY ACCOUNT C OF | ||
ING LIFE INSURANCE AND ANNUITY COMPANY | ||
Statements of Assets and Liabilities | ||
December 31, 2007 | ||
(Dollars in thousands) |
ING Legg | ||||||||||||
Mason | ING Legg | ING Legg | ||||||||||
Partners | Mason | Mason | ING Neuberger | ING Neuberger | ||||||||
Aggressive | Partners Large | Partners Large | Berman | Berman | ||||||||
Growth | Cap Growth | Cap Growth | Partners | Regency | ||||||||
Portfolio - | Portfolio - | Portfolio - | Portfolio - | Portfolio - | ||||||||
Service Class | Adviser Class | Initial Class | Service Class | Service Class | ||||||||
Assets | ||||||||||||
Investments in mutual funds | ||||||||||||
at fair value | $ 87 | $ 142 | $ 3,536 | $ 2,266 | $ 62 | |||||||
Total assets | 87 | 142 | 3,536 | 2,266 | 62 | |||||||
Net assets | $ 87 | $ 142 | $ 3,536 | $ 2,266 | $ 62 | |||||||
Net assets |
||||||||||||
Accumulation units | $ 87 | $ 142 | $ 3,536 | $ 2,257 | $ 62 | |||||||
Contracts in payout (annuitization) | - | - | - | 9 | - | |||||||
Total net assets | $ 87 | $ 142 | $ 3,536 | $ 2,266 | $ 62 | |||||||
Total number of mutual fund shares |
1,833 | 11,789 | 286,067 | 201,460 | 5,780 | |||||||
Cost of mutual fund shares |
$ 84 | $ 146 | $ 3,286 | $ 2,318 | $ 64 |
The accompanying notes are an integral part of these financial statements.
26
VARIABLE ANNUITY ACCOUNT C OF | ||
ING LIFE INSURANCE AND ANNUITY COMPANY | ||
Statements of Assets and Liabilities | ||
December 31, 2007 | ||
(Dollars in thousands) |
ING | ||||||||||
ING | ING | ING | Oppenheimer | |||||||
ING OpCap | Oppenheimer | Oppenheimer | Oppenheimer | Strategic | ||||||
Balanced Value | Global | Global | Global | Income | ||||||
Portfolio - | Portfolio - | Portfolio - | Portfolio - | Portfolio - | ||||||
Service Class | Adviser Class | Initial Class | Service Class | Adviser Class | ||||||
Assets | ||||||||||
Investments in mutual funds | ||||||||||
at fair value | $ 10,961 | $ 365 | $ 840,722 | $ 439 | $ 275 | |||||
Total assets | 10,961 | 365 | 840,722 | 439 | 275 | |||||
Net assets | $ 10,961 | $ 365 | $ 840,722 | $ 439 | $ 275 | |||||
Net assets |
||||||||||
Accumulation units | $ 10,520 | $ 365 | $ 837,715 | $ 439 | $ 275 | |||||
Contracts in payout (annuitization) | 441 | - | 3,007 | - | - | |||||
Total net assets | $ 10,961 | $ 365 | $ 840,722 | $ 439 | $ 275 | |||||
Total number of mutual fund shares |
864,458 | 22,302 | 49,835,340 | 26,645 | 24,770 | |||||
Cost of mutual fund shares |
$ 11,312 | $ 372 | $ 624,815 | $ 437 | $ 268 |
The accompanying notes are an integral part of these financial statements.
27
VARIABLE ANNUITY ACCOUNT C OF | ||
ING LIFE INSURANCE AND ANNUITY COMPANY | ||
Statements of Assets and Liabilities | ||
December 31, 2007 | ||
(Dollars in thousands) |
ING | ||||||||||
Oppenheimer | ||||||||||
Strategic | ING PIMCO | ING PIMCO | ING Pioneer | ING Pioneer | ||||||
Income | Total Return | Total Return | High Yield | High Yield | ||||||
Portfolio - | Portfolio - | Portfolio - | Portfolio - | Portfolio - | ||||||
Initial Class | Adviser Class | Service Class | Initial Class | Service Class | ||||||
Assets | ||||||||||
Investments in mutual funds | ||||||||||
at fair value | $ 125,688 | $ 554 | $ 83,010 | $ 5,184 | $ 95 | |||||
Total assets | 125,688 | 554 | 83,010 | 5,184 | 95 | |||||
Net assets | $ 125,688 | $ 554 | $ 83,010 | $ 5,184 | $ 95 | |||||
Net assets |
||||||||||
Accumulation units | $ 123,780 | $ 554 | $ 78,456 | $ 5,025 | $ 95 | |||||
Contracts in payout (annuitization) | 1,908 | - | 4,554 | 159 | - | |||||
Total net assets | $ 125,688 | $ 554 | $ 83,010 | $ 5,184 | $ 95 | |||||
Total number of mutual fund shares |
11,222,122 | 47,578 | 7,070,735 | 505,780 | 9,311 | |||||
Cost of mutual fund shares |
$ 115,200 | $ 527 | $ 77,972 | $ 5,297 | $ 98 |
The accompanying notes are an integral part of these financial statements.
28
VARIABLE ANNUITY ACCOUNT C OF | ||
ING LIFE INSURANCE AND ANNUITY COMPANY | ||
Statements of Assets and Liabilities | ||
December 31, 2007 | ||
(Dollars in thousands) |
ING Solution | ING Solution | ING Solution | ING Solution | ING Solution | ||||||
2015 Portfolio - | 2015 Portfolio - | 2025 Portfolio - | 2025 Portfolio - | 2035 Portfolio - | ||||||
Adviser Class | Service Class | Adviser Class | Service Class | Adviser Class | ||||||
Assets | ||||||||||
Investments in mutual funds | ||||||||||
at fair value | $ 9,750 | $ 30,299 | $ 12,103 | $ 39,563 | $ 9,830 | |||||
Total assets | 9,750 | 30,299 | 12,103 | 39,563 | 9,830 | |||||
Net assets | $ 9,750 | $ 30,299 | $ 12,103 | $ 39,563 | $ 9,830 | |||||
Net assets |
||||||||||
Accumulation units | $ 9,750 | $ 30,299 | $ 12,103 | $ 39,563 | $ 9,830 | |||||
Contracts in payout (annuitization) | - | - | - | - | - | |||||
Total net assets | $ 9,750 | $ 30,299 | $ 12,103 | $ 39,563 | $ 9,830 | |||||
Total number of mutual fund shares |
795,247 | 2,451,367 | 952,244 | 3,086,075 | 745,257 | |||||
Cost of mutual fund shares |
$ 9,461 | $ 29,280 | $ 11,711 | $ 38,044 | $ 9,507 |
The accompanying notes are an integral part of these financial statements.
29
VARIABLE ANNUITY ACCOUNT C OF | ||
ING LIFE INSURANCE AND ANNUITY COMPANY | ||
Statements of Assets and Liabilities | ||
December 31, 2007 | ||
(Dollars in thousands) |
ING Solution | ING Solution | |||||||||
ING Solution | ING Solution | ING Solution | Income | Income | ||||||
2035 Portfolio - | 2045 Portfolio - | 2045 Portfolio - | Portfolio - | Portfolio - | ||||||
Service Class | Adviser Class | Service Class | Adviser Class | Service Class | ||||||
Assets | ||||||||||
Investments in mutual funds | ||||||||||
at fair value | $ 27,544 | $ 7,858 | $ 17,462 | $ 7,427 | $ 7,385 | |||||
Total assets | 27,544 | 7,858 | 17,462 | 7,427 | 7,385 | |||||
Net assets | $ 27,544 | $ 7,858 | $ 17,462 | $ 7,427 | $ 7,385 | |||||
Net assets |
||||||||||
Accumulation units | $ 27,544 | $ 7,858 | $ 17,462 | $ 7,427 | $ 7,385 | |||||
Contracts in payout (annuitization) | - | - | - | - | - | |||||
Total net assets | $ 27,544 | $ 7,858 | $ 17,462 | $ 7,427 | $ 7,385 | |||||
Total number of mutual fund shares |
2,072,572 | 575,226 | 1,269,972 | 643,615 | 635,000 | |||||
Cost of mutual fund shares |
$ 26,347 | $ 7,675 | $ 16,640 | $ 7,179 | $ 7,235 |
The accompanying notes are an integral part of these financial statements.
30
VARIABLE ANNUITY ACCOUNT C OF | ||
ING LIFE INSURANCE AND ANNUITY COMPANY | ||
Statements of Assets and Liabilities | ||
December 31, 2007 | ||
(Dollars in thousands) |
ING T. Rowe | ING T. Rowe | ING T. Rowe | ||||||||
Price | Price | Price | ING T. Rowe | ING T. Rowe | ||||||
Diversified Mid | Diversified Mid | Diversified Mid | Price Growth | Price Growth | ||||||
Cap Growth | Cap Growth | Cap Growth | Equity | Equity | ||||||
Portfolio - | Portfolio - | Portfolio - | Portfolio - | Portfolio - | ||||||
Adviser Class | Initial Class | Service Class | Adviser Class | Initial Class | ||||||
Assets | ||||||||||
Investments in mutual funds | ||||||||||
at fair value | $ 365 | $ 389,300 | $ 514 | $ 1,155 | $ 275,025 | |||||
Total assets | 365 | 389,300 | 514 | 1,155 | 275,025 | |||||
Net assets | $ 365 | $ 389,300 | $ 514 | $ 1,155 | $ 275,025 | |||||
Net assets |
||||||||||
Accumulation units | $ 365 | $ 388,570 | $ 514 | $ 1,155 | $ 273,662 | |||||
Contracts in payout (annuitization) | - | 730 | - | - | 1,363 | |||||
Total net assets | $ 365 | $ 389,300 | $ 514 | $ 1,155 | $ 275,025 | |||||
Total number of mutual fund shares |
39,637 | 40,892,852 | 54,833 | 19,003 | 4,443,775 | |||||
Cost of mutual fund shares |
$ 371 | $ 315,509 | $ 486 | $ 1,175 | $ 212,772 |
The accompanying notes are an integral part of these financial statements.
31
VARIABLE ANNUITY ACCOUNT C OF | ||
ING LIFE INSURANCE AND ANNUITY COMPANY | ||
Statements of Assets and Liabilities | ||
December 31, 2007 | ||
(Dollars in thousands) |
ING T. Rowe | ING UBS U.S. | |||||||||
Price Growth | ING Templeton | ING | ING | Large Cap | ||||||
Equity | Foreign Equity | Thornburg | Thornburg | Equity | ||||||
Portfolio - | Portfolio - | Value Portfolio | Value Portfolio | Portfolio - | ||||||
Service Class | Service Class | - Adviser Class | - Initial Class | Adviser Class | ||||||
Assets | ||||||||||
Investments in mutual funds | ||||||||||
at fair value | $ 1,234 | $ 5,433 | $ 521 | $ 113,433 | $ 13 | |||||
Total assets | 1,234 | 5,433 | 521 | 113,433 | 13 | |||||
Net assets | $ 1,234 | $ 5,433 | $ 521 | $ 113,433 | $ 13 | |||||
Net assets |
||||||||||
Accumulation units | $ 1,234 | $ 5,433 | $ 521 | $ 112,602 | $ 13 | |||||
Contracts in payout (annuitization) | - | - | - | 831 | - | |||||
Total net assets | $ 1,234 | $ 5,433 | $ 521 | $ 113,433 | $ 13 | |||||
Total number of mutual fund shares |
20,120 | 398,617 | 15,625 | 3,336,277 | 1,209 | |||||
Cost of mutual fund shares |
$ 1,112 | $ 5,294 | $ 539 | $ 95,531 | $ 13 |
The accompanying notes are an integral part of these financial statements.
32
VARIABLE ANNUITY ACCOUNT C OF | ||
ING LIFE INSURANCE AND ANNUITY COMPANY | ||
Statements of Assets and Liabilities | ||
December 31, 2007 | ||
(Dollars in thousands) |
ING UBS U.S. | ING UBS U.S. | ING UBS U.S. | ING Van | ING Van | ||||||
Large Cap | Large Cap | Small Cap | Kampen | Kampen | ||||||
Equity | Equity | Growth | Comstock | Comstock | ||||||
Portfolio - | Portfolio - | Portfolio - | Portfolio - | Portfolio - | ||||||
Initial Class | Service Class | Service Class | Adviser Class | Service Class | ||||||
Assets | ||||||||||
Investments in mutual funds | ||||||||||
at fair value | $ 126,472 | $ 6 | $ 592 | $ 382 | $ 83,912 | |||||
Total assets | 126,472 | 6 | 592 | 382 | 83,912 | |||||
Net assets | $ 126,472 | $ 6 | $ 592 | $ 382 | $ 83,912 | |||||
Net assets |
||||||||||
Accumulation units | $ 125,610 | $ 6 | $ 592 | $ 382 | $ 82,103 | |||||
Contracts in payout (annuitization) | 862 | - | - | - | 1,809 | |||||
Total net assets | $ 126,472 | $ 6 | $ 592 | $ 382 | $ 83,912 | |||||
Total number of mutual fund shares |
11,920,113 | 613 | 61,859 | 30,956 | 6,718,368 | |||||
Cost of mutual fund shares |
$ 113,958 | $ 6 | $ 629 | $ 419 | $ 81,025 |
The accompanying notes are an integral part of these financial statements.
33
VARIABLE ANNUITY ACCOUNT C OF | ||
ING LIFE INSURANCE AND ANNUITY COMPANY | ||
Statements of Assets and Liabilities | ||
December 31, 2007 | ||
(Dollars in thousands) |
ING VP | ING VP | |||||||||
ING Van | ING Van | ING Van | Strategic | Strategic | ||||||
Kampen Equity | Kampen Equity | Kampen Equity | Allocation | Allocation | ||||||
and Income | and Income | and Income | Conservative | Growth | ||||||
Portfolio - | Portfolio - | Portfolio - | Portfolio - | Portfolio - | ||||||
Adviser Class | Initial Class | Service Class | Class I | Class I | ||||||
Assets | ||||||||||
Investments in mutual funds | ||||||||||
at fair value | $ 203 | $ 325,269 | $ 188 | $ 37,661 | $ 84,589 | |||||
Total assets | 203 | 325,269 | 188 | 37,661 | 84,589 | |||||
Net assets | $ 203 | $ 325,269 | $ 188 | $ 37,661 | $ 84,589 | |||||
Net assets |
||||||||||
Accumulation units | $ 203 | $ 322,854 | $ 188 | $ 36,755 | $ 83,939 | |||||
Contracts in payout (annuitization) | - | 2,415 | - | 906 | 650 | |||||
Total net assets | $ 203 | $ 325,269 | $ 188 | $ 37,661 | $ 84,589 | |||||
Total number of mutual fund shares |
5,474 | 8,614,105 | 5,019 | 2,787,618 | 5,104,961 | |||||
Cost of mutual fund shares |
$ 206 | $ 291,971 | $ 192 | $ 36,238 | $ 73,348 |
The accompanying notes are an integral part of these financial statements.
34
VARIABLE ANNUITY ACCOUNT C OF | ||
ING LIFE INSURANCE AND ANNUITY COMPANY | ||
Statements of Assets and Liabilities | ||
December 31, 2007 | ||
(Dollars in thousands) |
ING VP | ||||||||||
Strategic | ING VP | ING VP | ING VP | |||||||
Allocation | Growth and | Growth and | Growth and | |||||||
Moderate | Income | Income | Income | ING GET U.S. | ||||||
Portfolio - | Portfolio - | Portfolio - | Portfolio - | Core Portfolio - | ||||||
Class I | Class A | Class I | Class S | Series 1 | ||||||
Assets | ||||||||||
Investments in mutual funds | ||||||||||
at fair value | $ 73,150 | $ 158 | $ 1,758,568 | $ 101 | $ 917 | |||||
Total assets | 73,150 | 158 | 1,758,568 | 101 | 917 | |||||
Net assets | $ 73,150 | $ 158 | $ 1,758,568 | $ 101 | $ 917 | |||||
Net assets |
||||||||||
Accumulation units | $ 71,763 | $ 158 | $ 1,615,290 | $ 101 | $ 917 | |||||
Contracts in payout (annuitization) | 1,387 | - | 143,278 | - | - | |||||
Total net assets | $ 73,150 | $ 158 | $ 1,758,568 | $ 101 | $ 917 | |||||
Total number of mutual fund shares |
4,825,169 | 6,403 | 71,024,560 | 4,092 | 88,517 | |||||
Cost of mutual fund shares |
$ 65,799 | $ 159 | $ 1,846,067 | $ 101 | $ 886 |
The accompanying notes are an integral part of these financial statements.
35
VARIABLE ANNUITY ACCOUNT C OF | ||
ING LIFE INSURANCE AND ANNUITY COMPANY | ||
Statements of Assets and Liabilities | ||
December 31, 2007 | ||
(Dollars in thousands) |
ING GET U.S. | ING GET U.S. | ING GET U.S. | ING GET U.S. | ING GET U.S. | ||||||
Core Portfolio - | Core Portfolio - | Core Portfolio - | Core Portfolio - | Core Portfolio - | ||||||
Series 2 | Series 3 | Series 5 | Series 6 | Series 7 | ||||||
Assets | ||||||||||
Investments in mutual funds | ||||||||||
at fair value | $ 5,698 | $ 23,204 | $ 660 | $ 2,918 | $ 2,516 | |||||
Total assets | 5,698 | 23,204 | 660 | 2,918 | 2,516 | |||||
Net assets | $ 5,698 | $ 23,204 | $ 660 | $ 2,918 | $ 2,516 | |||||
Net assets |
||||||||||
Accumulation units | $ 5,698 | $ 23,204 | $ 660 | $ 2,918 | $ 2,516 | |||||
Contracts in payout (annuitization) | - | - | - | - | - | |||||
Total net assets | $ 5,698 | $ 23,204 | $ 660 | $ 2,918 | $ 2,516 | |||||
Total number of mutual fund shares |
550,558 | 2,193,236 | 62,281 | 275,262 | 234,276 | |||||
Cost of mutual fund shares |
$ 5,502 | $ 21,943 | $ 628 | $ 2,770 | $ 2,361 |
The accompanying notes are an integral part of these financial statements.
36
VARIABLE ANNUITY ACCOUNT C OF | ||
ING LIFE INSURANCE AND ANNUITY COMPANY | ||
Statements of Assets and Liabilities | ||
December 31, 2007 | ||
(Dollars in thousands) |
ING VP Global | ||||||||||
Science and | ||||||||||
ING GET U.S. | ING GET U.S. | ING GET U.S. | ING GET U.S. | Technology | ||||||
Core Portfolio - | Core Portfolio - | Core Portfolio - | Core Portfolio - | Portfolio - | ||||||
Series 8 | Series 9 | Series 10 | Series 11 | Class I | ||||||
Assets | ||||||||||
Investments in mutual funds | ||||||||||
at fair value | $ 969 | $ 164 | $ 76 | $ 47 | $ 42,834 | |||||
Total assets | 969 | 164 | 76 | 47 | 42,834 | |||||
Net assets | $ 969 | $ 164 | $ 76 | $ 47 | $ 42,834 | |||||
Net assets |
||||||||||
Accumulation units | $ 969 | $ 164 | $ 76 | $ 47 | $ 42,834 | |||||
Contracts in payout (annuitization) | - | - | - | - | - | |||||
Total net assets | $ 969 | $ 164 | $ 76 | $ 47 | $ 42,834 | |||||
Total number of mutual fund shares |
90,247 | 15,191 | 6,962 | 4,487 | 7,859,461 | |||||
Cost of mutual fund shares |
$ 910 | $ 153 | $ 70 | $ 45 | $ 32,461 |
The accompanying notes are an integral part of these financial statements.
37
VARIABLE ANNUITY ACCOUNT C OF | ||
ING LIFE INSURANCE AND ANNUITY COMPANY | ||
Statements of Assets and Liabilities | ||
December 31, 2007 | ||
(Dollars in thousands) |
ING VP | ING VP Index | ING VP Index | ING VP Index | ING VP Index | ||||||
Growth | Plus LargeCap | Plus LargeCap | Plus MidCap | Plus MidCap | ||||||
Portfolio - | Portfolio - | Portfolio - | Portfolio - | Portfolio - | ||||||
Class I | Class I | Class S | Class I | Class S | ||||||
Assets | ||||||||||
Investments in mutual funds | ||||||||||
at fair value | $ 62,321 | $ 469,092 | $ 334 | $ 381,531 | $ 343 | |||||
Total assets | 62,321 | 469,092 | 334 | 381,531 | 343 | |||||
Net assets | $ 62,321 | $ 469,092 | $ 334 | $ 381,531 | $ 343 | |||||
Net assets |
||||||||||
Accumulation units | $ 61,865 | $ 463,895 | $ 334 | $ 379,849 | $ 343 | |||||
Contracts in payout (annuitization) | 456 | 5,197 | - | 1,682 | - | |||||
Total net assets | $ 62,321 | $ 469,092 | $ 334 | $ 381,531 | $ 343 | |||||
Total number of mutual fund shares |
4,973,712 | 25,873,815 | 18,584 | 20,814,563 | 18,915 | |||||
Cost of mutual fund shares |
$ 45,583 | $ 358,525 | $ 332 | $ 337,480 | $ 357 |
The accompanying notes are an integral part of these financial statements.
38
VARIABLE ANNUITY ACCOUNT C OF | ||
ING LIFE INSURANCE AND ANNUITY COMPANY | ||
Statements of Assets and Liabilities | ||
December 31, 2007 | ||
(Dollars in thousands) |
ING VP Index | ING VP Index | ING VP Small | ING VP Small | ING VP Value | ||||||
Plus SmallCap | Plus SmallCap | Company | Company | Opportunity | ||||||
Portfolio - | Portfolio - | Portfolio - | Portfolio - | Portfolio - | ||||||
Class I | Class S | Class I | Class S | Class I | ||||||
Assets | ||||||||||
Investments in mutual funds | ||||||||||
at fair value | $ 151,310 | $ 90 | $ 135,138 | $ 87 | $ 82,179 | |||||
Total assets | 151,310 | 90 | 135,138 | 87 | 82,179 | |||||
Net assets | $ 151,310 | $ 90 | $ 135,138 | $ 87 | $ 82,179 | |||||
Net assets |
||||||||||
Accumulation units | $ 150,322 | $ 90 | $ 133,826 | $ 87 | $ 82,100 | |||||
Contracts in payout (annuitization) | 988 | - | 1,312 | - | 79 | |||||
Total net assets | $ 151,310 | $ 90 | $ 135,138 | $ 87 | $ 82,179 | |||||
Total number of mutual fund shares |
9,961,137 | 5,975 | 6,908,888 | 4,478 | 5,120,211 | |||||
Cost of mutual fund shares |
$ 153,481 | $ 102 | $ 130,196 | $ 90 | $ 61,467 |
The accompanying notes are an integral part of these financial statements.
39
VARIABLE ANNUITY ACCOUNT C OF | ||
ING LIFE INSURANCE AND ANNUITY COMPANY | ||
Statements of Assets and Liabilities | ||
December 31, 2007 | ||
(Dollars in thousands) |
ING VP | ING VP | ING VP | ||||||||
Financial | ING VP | ING VP | MidCap | MidCap | ||||||
Services | International | International | Opportunities | Opportunities | ||||||
Portfolio - | Value Portfolio | Value Portfolio | Portfolio - | Portfolio - | ||||||
Class I | - Class I | - Class S | Class I | Class S | ||||||
Assets | ||||||||||
Investments in mutual funds | ||||||||||
at fair value | $ 2,563 | $ 158,131 | $ 480 | $ 9,758 | $ 70 | |||||
Total assets | 2,563 | 158,131 | 480 | 9,758 | 70 | |||||
Net assets | $ 2,563 | $ 158,131 | $ 480 | $ 9,758 | $ 70 | |||||
Net assets |
||||||||||
Accumulation units | $ 2,563 | $ 155,263 | $ 480 | $ 9,758 | $ 70 | |||||
Contracts in payout (annuitization) | - | 2,868 | - | - | - | |||||
Total net assets | $ 2,563 | $ 158,131 | $ 480 | $ 9,758 | $ 70 | |||||
Total number of mutual fund shares |
237,777 | 11,104,704 | 33,364 | 951,040 | 6,929 | |||||
Cost of mutual fund shares |
$ 2,957 | $ 150,350 | $ 509 | $ 7,907 | $ 63 |
The accompanying notes are an integral part of these financial statements.
40
VARIABLE ANNUITY ACCOUNT C OF | ||
ING LIFE INSURANCE AND ANNUITY COMPANY | ||
Statements of Assets and Liabilities | ||
December 31, 2007 | ||
(Dollars in thousands) |
ING VP | ING VP | |||||||||
SmallCap | SmallCap | ING VP | ING VP | |||||||
ING VP Real | Opportunities | Opportunities | Balanced | Intermediate | ||||||
Estate Portfolio | Portfolio - | Portfolio - | Portfolio - | Bond Portfolio | ||||||
- Class I | Class I | Class S | Class I | - Class I | ||||||
Assets | ||||||||||
Investments in mutual funds | ||||||||||
at fair value | $ 49,032 | $ 11,915 | $ 17 | $ 528,434 | $ 421,252 | |||||
Total assets | 49,032 | 11,915 | 17 | 528,434 | 421,252 | |||||
Net assets | $ 49,032 | $ 11,915 | $ 17 | $ 528,434 | $ 421,252 | |||||
Net assets |
||||||||||
Accumulation units | $ 49,032 | $ 11,915 | $ 17 | $ 501,705 | $ 414,684 | |||||
Contracts in payout (annuitization) | - | - | - | 26,729 | 6,568 | |||||
Total net assets | $ 49,032 | $ 11,915 | $ 17 | $ 528,434 | $ 421,252 | |||||
Total number of mutual fund shares |
3,208,905 | 542,069 | 796 | 36,569,823 | 31,840,691 | |||||
Cost of mutual fund shares |
$ 55,040 | $ 10,436 | $ 17 | $ 496,376 | $ 428,786 |
The accompanying notes are an integral part of these financial statements.
41
VARIABLE ANNUITY ACCOUNT C OF | ||
ING LIFE INSURANCE AND ANNUITY COMPANY | ||
Statements of Assets and Liabilities | ||
December 31, 2007 | ||
(Dollars in thousands) |
Janus Aspen | Janus Aspen | |||||||||
ING VP | ING VP Money | Series Balanced | Series Flexible | |||||||
Intermediate | Market | Janus Adviser | Portfolio - | Bond Portfolio | ||||||
Bond Portfolio | Portfolio - | Balanced Fund | Institutional | - Institutional | ||||||
- Class S | Class I | - Class S | Shares | Shares | ||||||
Assets | ||||||||||
Investments in mutual funds | ||||||||||
at fair value | $ 249 | $ 520,246 | $ 1 | $ 367 | $ 99 | |||||
Total assets | 249 | 520,246 | 1 | 367 | 99 | |||||
Net assets | $ 249 | $ 520,246 | $ 1 | $ 367 | $ 99 | |||||
Net assets |
||||||||||
Accumulation units | $ 249 | $ 517,172 | $ 1 | $ 367 | $ 99 | |||||
Contracts in payout (annuitization) | - | 3,074 | - | - | - | |||||
Total net assets | $ 249 | $ 520,246 | $ 1 | $ 367 | $ 99 | |||||
Total number of mutual fund shares |
18,914 | 38,512,757 | 26 | 12,224 | 8,681 | |||||
Cost of mutual fund shares |
$ 250 | $ 505,822 | $ 1 | $ 329 | $ 98 |
The accompanying notes are an integral part of these financial statements.
42
VARIABLE ANNUITY ACCOUNT C OF | ||
ING LIFE INSURANCE AND ANNUITY COMPANY | ||
Statements of Assets and Liabilities | ||
December 31, 2007 | ||
(Dollars in thousands) |
Janus Aspen | ||||||||||
Janus Aspen | Janus Aspen | Series | ||||||||
Series Large | Series Mid Cap | Worldwide | ||||||||
Cap Growth | Growth | Growth | ||||||||
Portfolio - | Portfolio - | Portfolio - | Lazard Mid | LKCM | ||||||
Institutional | Institutional | Institutional | Cap Portfolio - | Aquinas | ||||||
Shares | Shares | Shares | Open Shares | Growth Fund | ||||||
Assets | ||||||||||
Investments in mutual funds | ||||||||||
at fair value | $ 150 | $ 490 | $ 317 | $ 326 | $ 236 | |||||
Total assets | 150 | 490 | 317 | 326 | 236 | |||||
Net assets | $ 150 | $ 490 | $ 317 | $ 326 | $ 236 | |||||
Net assets |
||||||||||
Accumulation units | $ 150 | $ 490 | $ 317 | $ 326 | $ 236 | |||||
Contracts in payout (annuitization) | - | - | - | - | - | |||||
Total net assets | $ 150 | $ 490 | $ 317 | $ 326 | $ 236 | |||||
Total number of mutual fund shares |
5,677 | 12,279 | 8,978 | 26,544 | 14,377 | |||||
Cost of mutual fund shares |
$ 121 | $ 403 | $ 267 | $ 387 | $ 211 |
The accompanying notes are an integral part of these financial statements.
43
VARIABLE ANNUITY ACCOUNT C OF | ||
ING LIFE INSURANCE AND ANNUITY COMPANY | ||
Statements of Assets and Liabilities | ||
December 31, 2007 | ||
(Dollars in thousands) |
Lord Abbett | ||||||||||
Lord Abbett | Lord Abbett | Series Fund - | Massachusetts | |||||||
Mid-Cap Value | Small-Cap | Mid-Cap Value | Investors | Moderate | ||||||
Fund, Inc. - | Value Fund - | Portfolio - | Growth Stock | Allocation | ||||||
Class A | Class A | Class VC | Fund - Class A | Portfolio | ||||||
Assets | ||||||||||
Investments in mutual funds | ||||||||||
at fair value | $ 1,257 | $ 1,648 | $ 146,234 | $ 737 | $ 26 | |||||
Total assets | 1,257 | 1,648 | 146,234 | 737 | 26 | |||||
Net assets | $ 1,257 | $ 1,648 | $ 146,234 | $ 737 | $ 26 | |||||
Net assets |
||||||||||
Accumulation units | $ 1,257 | $ 1,648 | $ 145,110 | $ 737 | $ 26 | |||||
Contracts in payout (annuitization) | - | - | 1,124 | - | - | |||||
Total net assets | $ 1,257 | $ 1,648 | $ 146,234 | $ 737 | $ 26 | |||||
Total number of mutual fund shares |
67,667 | 59,074 | 7,737,234 | 48,057 | 1,202 | |||||
Cost of mutual fund shares |
$ 1,495 | $ 1,728 | $ 156,697 | $ 609 | $ 27 |
The accompanying notes are an integral part of these financial statements.
44
VARIABLE ANNUITY ACCOUNT C OF | ||
ING LIFE INSURANCE AND ANNUITY COMPANY | ||
Statements of Assets and Liabilities | ||
December 31, 2007 | ||
(Dollars in thousands) |
Neuberger | ||||||||||
Berman | ||||||||||
Socially | New | New | Oppenheimer | Oppenheimer | ||||||
Responsive | Perspective | Perspective | Capital | Developing | ||||||
Fund® - Trust | Fund®, Inc. - | Fund®, Inc. - | Appreciation | Markets Fund - | ||||||
Class | Class R-3 | Class R-4 | Fund - Class A | Class A | ||||||
Assets | ||||||||||
Investments in mutual funds | ||||||||||
at fair value | $ 1,985 | $ 4,038 | $ 41,461 | $ 597 | $ 230,998 | |||||
Total assets | 1,985 | 4,038 | 41,461 | 597 | 230,998 | |||||
Net assets | $ 1,985 | $ 4,038 | $ 41,461 | $ 597 | $ 230,998 | |||||
Net assets |
||||||||||
Accumulation units | $ 1,985 | $ 4,038 | $ 41,461 | $ 597 | $ 230,998 | |||||
Contracts in payout (annuitization) | - | - | - | - | - | |||||
Total net assets | $ 1,985 | $ 4,038 | $ 41,461 | $ 597 | $ 230,998 | |||||
Total number of mutual fund shares |
107,906 | 120,570 | 1,229,926 | 11,616 | 4,748,170 | |||||
Cost of mutual fund shares |
$ 1,998 | $ 3,867 | $ 38,259 | $ 502 | $ 186,401 |
The accompanying notes are an integral part of these financial statements.
45
VARIABLE ANNUITY ACCOUNT C OF | ||
ING LIFE INSURANCE AND ANNUITY COMPANY | ||
Statements of Assets and Liabilities | ||
December 31, 2007 | ||
(Dollars in thousands) |
Oppenheimer | ||||||||||
Oppenheimer | Oppenheimer | Main Street | Oppenheimer | Oppenheimer | ||||||
Global | Main Street | Small Cap | Mid Cap | Strategic Bond | ||||||
Securities/VA | Fund®/VA | Fund®/VA | Fund/VA | Fund/VA | ||||||
Assets | ||||||||||
Investments in mutual funds | ||||||||||
at fair value | $ 578 | $ 115 | $ 6,971 | $ 31 | $ 125 | |||||
Total assets | 578 | 115 | 6,971 | 31 | 125 | |||||
Net assets | $ 578 | $ 115 | $ 6,971 | $ 31 | $ 125 | |||||
Net assets |
||||||||||
Accumulation units | $ 578 | $ - | $ 6,971 | $ - | $ 125 | |||||
Contracts in payout (annuitization) | - | 115 | - | 31 | - | |||||
Total net assets | $ 578 | $ 115 | $ 6,971 | $ 31 | $ 125 | |||||
Total number of mutual fund shares |
15,803 | 4,486 | 383,047 | 581 | 22,511 | |||||
Cost of mutual fund shares |
$ 529 | $ 98 | $ 7,232 | $ 32 | $ 116 |
The accompanying notes are an integral part of these financial statements.
46
VARIABLE ANNUITY ACCOUNT C OF | ||
ING LIFE INSURANCE AND ANNUITY COMPANY | ||
Statements of Assets and Liabilities | ||
December 31, 2007 | ||
(Dollars in thousands) |
PIMCO Real | Pioneer | |||||||||
Return | Emerging | Pioneer Equity | ||||||||
Portfolio - | Pioneer High | Markets VCT | Income VCT | |||||||
Pax World | Administrative | Yield Fund - | Portfolio - | Portfolio - | ||||||
Balanced Fund | Class | Class A | Class I | Class I | ||||||
Assets | ||||||||||
Investments in mutual funds | ||||||||||
at fair value | $ 59,458 | $ 34,027 | $ 3,394 | $ 29,074 | $ 1,189 | |||||
Total assets | 59,458 | 34,027 | 3,394 | 29,074 | 1,189 | |||||
Net assets | $ 59,458 | $ 34,027 | $ 3,394 | $ 29,074 | $ 1,189 | |||||
Net assets |
||||||||||
Accumulation units | $ 59,458 | $ 34,027 | $ 3,394 | $ 29,074 | $ 1,189 | |||||
Contracts in payout (annuitization) | - | - | - | - | - | |||||
Total net assets | $ 59,458 | $ 34,027 | $ 3,394 | $ 29,074 | $ 1,189 | |||||
Total number of mutual fund shares |
2,349,187 | 2,707,020 | 324,196 | 662,883 | 50,021 | |||||
Cost of mutual fund shares |
$ 56,524 | $ 33,501 | $ 3,584 | $ 27,435 | $ 1,289 |
The accompanying notes are an integral part of these financial statements.
47
VARIABLE ANNUITY ACCOUNT C OF | ||
ING LIFE INSURANCE AND ANNUITY COMPANY | ||
Statements of Assets and Liabilities | ||
December 31, 2007 | ||
(Dollars in thousands) |
Pioneer High | Pioneer Mid | |||||||||
Yield VCT | Cap Value | Premier VIT | T. Rowe Price | T. Rowe Price | ||||||
Portfolio - | VCT Portfolio - | OpCap Mid | Mid-Cap Value | Value Fund - | ||||||
Class I | Class I | Cap Portfolio | Fund - R Class | Advisor Class | ||||||
Assets | ||||||||||
Investments in mutual funds | ||||||||||
at fair value | $ 19,319 | $ 513 | $ 393 | $ 991 | $ 61 | |||||
Total assets | 19,319 | 513 | 393 | 991 | 61 | |||||
Net assets | $ 19,319 | $ 513 | $ 393 | $ 991 | $ 61 | |||||
Net assets |
||||||||||
Accumulation units | $ 19,319 | $ 513 | $ 393 | $ 991 | $ 61 | |||||
Contracts in payout (annuitization) | - | - | - | - | - | |||||
Total net assets | $ 19,319 | $ 513 | $ 393 | $ 991 | $ 61 | |||||
Total number of mutual fund shares |
1,748,292 | 26,667 | 24,254 | 44,705 | 2,365 | |||||
Cost of mutual fund shares |
$ 19,357 | $ 548 | $ 398 | $ 1,066 | $ 63 |
The accompanying notes are an integral part of these financial statements.
48
VARIABLE ANNUITY ACCOUNT C OF | ||
ING LIFE INSURANCE AND ANNUITY COMPANY | ||
Statements of Assets and Liabilities | ||
December 31, 2007 | ||
(Dollars in thousands) |
The Growth | The Growth | The Income | ||||||||
Templeton | Templeton | Fund of | Fund of | Fund of | ||||||
Foreign Fund - | Global Bond | America® - | America® - | America® - | ||||||
Class A | Fund - Class A | Class R-3 | Class R-4 | Class R-3 | ||||||
Assets | ||||||||||
Investments in mutual funds | ||||||||||
at fair value | $ 1,410 | $ 72,664 | $ 12,442 | $ 248,778 | $ 1,660 | |||||
Total assets | 1,410 | 72,664 | 12,442 | 248,778 | 1,660 | |||||
Net assets | $ 1,410 | $ 72,664 | $ 12,442 | $ 248,778 | $ 1,660 | |||||
Net assets |
||||||||||
Accumulation units | $ 1,410 | $ 72,664 | $ 12,442 | $ 248,778 | $ 1,660 | |||||
Contracts in payout (annuitization) | - | - | - | - | - | |||||
Total net assets | $ 1,410 | $ 72,664 | $ 12,442 | $ 248,778 | $ 1,660 | |||||
Total number of mutual fund shares |
112,591 | 6,362,863 | 371,194 | 7,369,013 | 85,832 | |||||
Cost of mutual fund shares |
$ 1,476 | $ 70,536 | $ 11,803 | $ 223,650 | $ 1,709 |
The accompanying notes are an integral part of these financial statements.
49
VARIABLE ANNUITY ACCOUNT C OF | ||
ING LIFE INSURANCE AND ANNUITY COMPANY | ||
Statements of Assets and Liabilities | ||
December 31, 2007 | ||
(Dollars in thousands) |
Small | ||||||||||
Company | Wanger | |||||||||
Diversified | Equity Income | Growth | International | |||||||
Value Portfolio | Portfolio | Portfolio | Small Cap | Wanger Select | ||||||
Assets | ||||||||||
Investments in mutual funds | ||||||||||
at fair value | $ 114 | $ 304 | $ 86 | $ 9,623 | $ 66,892 | |||||
Total assets | 114 | 304 | 86 | 9,623 | 66,892 | |||||
Net assets | $ 114 | $ 304 | $ 86 | $ 9,623 | $ 66,892 | |||||
Net assets |
||||||||||
Accumulation units | $ 114 | $ 304 | $ 86 | $ 9,623 | $ 66,892 | |||||
Contracts in payout (annuitization) | - | - | - | - | - | |||||
Total net assets | $ 114 | $ 304 | $ 86 | $ 9,623 | $ 66,892 | |||||
Total number of mutual fund shares |
6,989 | 15,378 | 4,734 | 218,510 | 2,382,188 | |||||
Cost of mutual fund shares |
$ 103 | $ 292 | $ 89 | $ 9,779 | $ 63,012 |
The accompanying notes are an integral part of these financial statements.
50
VARIABLE ANNUITY ACCOUNT C OF | ||
ING LIFE INSURANCE AND ANNUITY COMPANY | ||
Statements of Assets and Liabilities | ||
December 31, 2007 | ||
(Dollars in thousands) |
Washington | Washington | Wells Fargo | ||||||
Mutual | Mutual | Advantage | ||||||
Wanger U.S. | Investors | Investors | Small Cap | |||||
Smaller | FundSM, Inc. - | FundSM, Inc. - | Value Fund - | |||||
Companies | Class R-3 | Class R-4 | Class A | |||||
Assets | ||||||||
Investments in mutual funds | ||||||||
at fair value | $ 21,526 | $ 5,204 | $ 91,248 | $ 47 | ||||
Total assets | 21,526 | 5,204 | 91,248 | 47 | ||||
Net assets | $ 21,526 | $ 5,204 | $ 91,248 | $ 47 | ||||
Net assets |
||||||||
Accumulation units | $ 21,526 | $ 5,204 | $ 91,248 | $ 47 | ||||
Contracts in payout (annuitization) | - | - | - | - | ||||
Total net assets | $ 21,526 | $ 5,204 | $ 91,248 | $ 47 | ||||
Total number of mutual fund shares |
593,649 | 155,489 | 2,720,585 | 1,625 | ||||
Cost of mutual fund shares |
$ 20,952 | $ 5,157 | $ 86,498 | $ 53 |
The accompanying notes are an integral part of these financial statements.
51
VARIABLE ANNUITY ACCOUNT C OF | ||
ING LIFE INSURANCE AND ANNUITY COMPANY | ||
Statements of Operations | ||
For the year ended December 31, 2007 | ||
(Dollars in thousands) |
AIM V.I. | ||||||||||
AIM Global | Capital | |||||||||
AIM Mid Cap | AIM Small Cap | Health Care | Appreciation | AIM V.I. Core | ||||||
Core Equity | Growth Fund - | Fund - Investor | Fund - Series I | Equity Fund - | ||||||
Fund - Class A | Class A | Class | Shares | Series I Shares | ||||||
Net investment income (loss) | ||||||||||
Income: | ||||||||||
Dividends | $ 3 | $ - | $ - | $ - | $ 543 | |||||
Total investment income | 3 | - | - | - | 543 | |||||
Expenses: | ||||||||||
Mortality, expense risk and | ||||||||||
other charges | 2 | - | 2 | 363 | 530 | |||||
Total expenses | 2 | - | 2 | 363 | 530 | |||||
Net investment income (loss) | 1 | - | (2) | (363) | 13 | |||||
Realized and unrealized gain (loss) |
||||||||||
on investments | ||||||||||
Net realized gain (loss) on investments | 1 | 1 | - | 1,891 | 1,463 | |||||
Capital gains distributions | 43 | 4 | 13 | - | - | |||||
Total realized gain (loss) on investments | ||||||||||
and capital gains distributions | 44 | 5 | 13 | 1,891 | 1,463 | |||||
Net unrealized appreciation | ||||||||||
(depreciation) of investments | (23) | (3) | - | 1,877 | 1,934 | |||||
Net realized and unrealized gain (loss) | ||||||||||
on investments | 21 | 2 | 13 | 3,768 | 3,397 | |||||
Net increase (decrease) in net assets | ||||||||||
resulting from operations | $ 22 | $ 2 | $ 11 | $ 3,405 | $ 3,410 |
The accompanying notes are an integral part of these financial statements.
52
VARIABLE ANNUITY ACCOUNT C OF | ||
ING LIFE INSURANCE AND ANNUITY COMPANY | ||
Statements of Operations | ||
For the year ended December 31, 2007 | ||
(Dollars in thousands) |
American | ||||||||||
AllianceBernstein | AllianceBernstein | American | Century | |||||||
Growth and | Growth and | Allianz NFJ | Balanced | Income & | ||||||
Income Fund, Inc. - | Income Portfolio - | Small-Cap | Fund® - Class | Growth Fund - | ||||||
Class A | Class A | Value - Class A | R-3 | A Class | ||||||
Net investment income (loss) | ||||||||||
Income: | ||||||||||
Dividends | $ 1 | $ 10 | $ 9 | $ 138 | $ 74 | |||||
Total investment income | 1 | 10 | 9 | 138 | 74 | |||||
Expenses: | ||||||||||
Mortality, expense risk and | ||||||||||
other charges | 1 | 8 | 5 | 47 | 61 | |||||
Total expenses | 1 | 8 | 5 | 47 | 61 | |||||
Net investment income (loss) | - | 2 | 4 | 91 | 13 | |||||
Realized and unrealized gain (loss) |
||||||||||
on investments | ||||||||||
Net realized gain (loss) on investments | 1 | 16 | 16 | 65 | 282 | |||||
Capital gains distributions | 10 | 35 | 46 | 141 | 668 | |||||
Total realized gain (loss) on investments | ||||||||||
and capital gains distributions | 11 | 51 | 62 | 206 | 950 | |||||
Net unrealized appreciation | ||||||||||
(depreciation) of investments | (9) | (28) | (42) | (7) | (1,042) | |||||
Net realized and unrealized gain (loss) | ||||||||||
on investments | 2 | 23 | 20 | 199 | (92) | |||||
Net increase (decrease) in net assets | ||||||||||
resulting from operations | $ 2 | $ 25 | $ 24 | $ 290 | $ (79) |
The accompanying notes are an integral part of these financial statements.
53
VARIABLE ANNUITY ACCOUNT C OF
ING LIFE INSURANCE AND ANNUITY COMPANY
Statements of Operations
For the year ended December 31, 2007
(Dollars in thousands)
Ariel | Calvert Social | |||||||||
Appreciation | Baron Asset | Baron Growth | Balanced | |||||||
Fund | Ariel Fund | Fund | Fund | Portfolio | ||||||
Net investment income (loss) | ||||||||||
Income: | ||||||||||
Dividends | $ 3 | $ 3 | $ - | $ - | $ 1,462 | |||||
Total investment income | 3 | 3 | - | - | 1,462 | |||||
Expenses: | ||||||||||
Mortality, expense risk and | ||||||||||
other charges | 7 | 10 | 8 | 9 | 661 | |||||
Total expenses | 7 | 10 | 8 | 9 | 661 | |||||
Net investment income (loss) | (4) | (7) | (8) | (9) | 801 | |||||
Realized and unrealized gain (loss) |
||||||||||
on investments | ||||||||||
Net realized gain (loss) on investments | 16 | (2) | 86 | 153 | (586) | |||||
Capital gains distributions | 53 | 74 | - | - | 3,346 | |||||
Total realized gain (loss) on investments | ||||||||||
and capital gains distributions | 69 | 72 | 86 | 153 | 2,760 | |||||
Net unrealized appreciation | ||||||||||
(depreciation) of investments | (83) | (101) | (45) | (105) | (2,483) | |||||
Net realized and unrealized gain (loss) | ||||||||||
on investments | (14) | (29) | 41 | 48 | 277 | |||||
Net increase (decrease) in net assets | ||||||||||
resulting from operations | $ (18) | $ (36) | $ 33 | $ 39 | $ 1,078 |
The accompanying notes are an integral part of these financial statements.
54
VARIABLE ANNUITY ACCOUNT C OF
ING LIFE INSURANCE AND ANNUITY COMPANY
Statements of Operations
For the year ended December 31, 2007
(Dollars in thousands)
Capital One | ||||||||||
Mid Cap | DWS Equity | EuroPacific | EuroPacific | Evergreen | ||||||
Equity Fund - | 500 Index Fund | Growth Fund® | Growth Fund® | Equity Income | ||||||
Class A | - Class S | - Class R-3 | - Class R-4 | Fund - Class I | ||||||
Net investment income (loss) | ||||||||||
Income: | ||||||||||
Dividends | $ - | $ 4 | $ 149 | $ 3,805 | $ 1 | |||||
Total investment income | - | 4 | 149 | 3,805 | 1 | |||||
Expenses: | ||||||||||
Mortality, expense risk and | ||||||||||
other charges | 1 | 2 | 40 | 1,739 | 3 | |||||
Total expenses | 1 | 2 | 40 | 1,739 | 3 | |||||
Net investment income (loss) | (1) | 2 | 109 | 2,066 | (2) | |||||
Realized and unrealized gain (loss) |
||||||||||
on investments | ||||||||||
Net realized gain (loss) on investments | 4 | 4 | 156 | 3,939 | - | |||||
Capital gains distributions | 10 | - | 633 | 13,986 | - | |||||
Total realized gain (loss) on investments | ||||||||||
and capital gains distributions | 14 | 4 | 789 | 17,925 | - | |||||
Net unrealized appreciation | ||||||||||
(depreciation) of investments | (12) | 2 | 189 | 8,161 | (3) | |||||
Net realized and unrealized gain (loss) | ||||||||||
on investments | 2 | 6 | 978 | 26,086 | (3) | |||||
Net increase (decrease) in net assets | ||||||||||
resulting from operations | $ 1 | $ 8 | $ 1,087 | $ 28,152 | $ (5) |
The accompanying notes are an integral part of these financial statements.
55
VARIABLE ANNUITY ACCOUNT C OF
ING LIFE INSURANCE AND ANNUITY COMPANY
Statements of Operations
For the year ended December 31, 2007
(Dollars in thousands)
Fidelity® | Fidelity® VIP | Fidelity® VIP | Fidelity® VIP | |||||||
Evergreen | Advisor Mid | Equity-Income | Growth | High Income | ||||||
Special Values | Cap Fund - | Portfolio - | Portfolio - | Portfolio - | ||||||
Fund - Class A | Class T | Initial Class | Initial Class | Initial Class | ||||||
Net investment income (loss) | ||||||||||
Income: | ||||||||||
Dividends | $ 1,217 | $ - | $ 8,105 | $ 2,581 | $ 633 | |||||
Total investment income | 1,217 | - | 8,105 | 2,581 | 633 | |||||
Expenses: | ||||||||||
Mortality, expense risk and | ||||||||||
other charges | 1,153 | 3 | 4,716 | 3,246 | 83 | |||||
Total expenses | 1,153 | 3 | 4,716 | 3,246 | 83 | |||||
Net investment income (loss) | 64 | (3) | 3,389 | (665) | 550 | |||||
Realized and unrealized gain (loss) |
||||||||||
on investments | ||||||||||
Net realized gain (loss) on investments | 2,662 | 91 | 6,978 | (13,329) | (31) | |||||
Capital gains distributions | 17,149 | 10 | 35,743 | 270 | - | |||||
Total realized gain (loss) on investments | ||||||||||
and capital gains distributions | 19,811 | 101 | 42,721 | (13,059) | (31) | |||||
Net unrealized appreciation | ||||||||||
(depreciation) of investments | (29,475) | (32) | (42,979) | 84,086 | (389) | |||||
Net realized and unrealized gain (loss) | ||||||||||
on investments | (9,664) | 69 | (258) | 71,027 | (420) | |||||
Net increase (decrease) in net assets | ||||||||||
resulting from operations | $ (9,600) | $ 66 | $ 3,131 | $ 70,362 | $ 130 |
The accompanying notes are an integral part of these financial statements.
56
VARIABLE ANNUITY ACCOUNT C OF
ING LIFE INSURANCE AND ANNUITY COMPANY
Statements of Operations
For the year ended December 31, 2007
(Dollars in thousands)
Fidelity® VIP | ||||||||||
Fidelity® VIP | Fidelity® VIP | Fidelity® VIP | Fidelity® VIP | Asset | ||||||
Overseas | Contrafund® | Index 500 | Mid Cap | ManagerSM | ||||||
Portfolio - | Portfolio - | Portfolio - | Portfolio - | Portfolio - | ||||||
Initial Class | Initial Class | Initial Class | Initial Class | Initial Class | ||||||
Net investment income (loss) | ||||||||||
Income: | ||||||||||
Dividends | $ 1,896 | $ 11,773 | $ 4,685 | $ 71 | $ 1,175 | |||||
Total investment income | 1,896 | 11,773 | 4,685 | 71 | 1,175 | |||||
Expenses: | ||||||||||
Mortality, expense risk and | ||||||||||
other charges | 596 | 12,551 | 1,318 | - | 189 | |||||
Total expenses | 596 | 12,551 | 1,318 | - | 189 | |||||
Net investment income (loss) | 1,300 | (778) | 3,367 | 71 | 986 | |||||
Realized and unrealized gain (loss) |
||||||||||
on investments | ||||||||||
Net realized gain (loss) on investments | 3,929 | 48,390 | 156 | 22 | 11 | |||||
Capital gains distributions | 3,562 | 314,180 | - | 532 | 524 | |||||
Total realized gain (loss) on investments | ||||||||||
and capital gains distributions | 7,491 | 362,570 | 156 | 554 | 535 | |||||
Net unrealized appreciation | ||||||||||
(depreciation) of investments | (637) | (173,527) | 2,132 | 341 | 995 | |||||
Net realized and unrealized gain (loss) | ||||||||||
on investments | 6,854 | 189,043 | 2,288 | 895 | 1,530 | |||||
Net increase (decrease) in net assets | ||||||||||
resulting from operations | $ 8,154 | $ 188,265 | $ 5,655 | $ 966 | $ 2,516 |
The accompanying notes are an integral part of these financial statements.
57
VARIABLE ANNUITY ACCOUNT C OF
ING LIFE INSURANCE AND ANNUITY COMPANY
Statements of Operations
For the year ended December 31, 2007
(Dollars in thousands)
Franklin Small- | Franklin Small | |||||||||
Mutual | Mid Cap | Cap Value | ING Financial | ING Real | ||||||
Discovery Fund | Growth Fund - | Securities Fund | Services Fund - | Estate Fund - | ||||||
- Class R | Class A | - Class 2 | Class A | Class A | ||||||
Net investment income (loss) | ||||||||||
Income: | ||||||||||
Dividends | $ 44 | $ - | $ 622 | $ 2 | $ 59 | |||||
Total investment income | 44 | - | 622 | 2 | 59 | |||||
Expenses: | ||||||||||
Mortality, expense risk and | ||||||||||
other charges | 14 | 8 | 976 | 1 | 17 | |||||
Total expenses | 14 | 8 | 976 | 1 | 17 | |||||
Net investment income (loss) | 30 | (8) | (354) | 1 | 42 | |||||
Realized and unrealized gain (loss) |
||||||||||
on investments | ||||||||||
Net realized gain (loss) on investments | 30 | 14 | 4,235 | - | 132 | |||||
Capital gains distributions | 52 | 121 | 6,397 | 18 | 189 | |||||
Total realized gain (loss) on investments | ||||||||||
and capital gains distributions | 82 | 135 | 10,632 | 18 | 321 | |||||
Net unrealized appreciation | ||||||||||
(depreciation) of investments | 39 | (69) | (13,832) | (37) | (765) | |||||
Net realized and unrealized gain (loss) | ||||||||||
on investments | 121 | 66 | (3,200) | (19) | (444) | |||||
Net increase (decrease) in net assets | ||||||||||
resulting from operations | $ 151 | $ 58 | $ (3,554) | $ (18) | $ (402) |
The accompanying notes are an integral part of these financial statements.
58
VARIABLE ANNUITY ACCOUNT C OF
ING LIFE INSURANCE AND ANNUITY COMPANY
Statements of Operations
For the year ended December 31, 2007
(Dollars in thousands)
ING | ||||||||||||||
ING | AllianceBernstein | |||||||||||||
ING GNMA | Intermediate | Mid Cap Growth | ||||||||||||
Income Fund - | Bond Fund - | ING GET Fund | ING GET Fund | Portfolio - Service | ||||||||||
Class A | Class A | - Series Q | - Series S | Class | ||||||||||
Net investment income (loss) | ||||||||||||||
Income: | ||||||||||||||
Dividends | $ 46 | $ 99 | $ 116 | $ 410 | $ - | |||||||||
Total investment income | 46 | 99 | 116 | 410 | - | |||||||||
Expenses: | ||||||||||||||
Mortality, expense risk and | ||||||||||||||
other charges | 10 | 14 | 7 | 86 | 33 | |||||||||
Total expenses | 10 | 14 | 7 | 86 | 33 | |||||||||
Net investment income (loss) | 36 | 85 | 109 | 324 | (33) | |||||||||
Realized and unrealized gain (loss) |
||||||||||||||
on investments | ||||||||||||||
Net realized gain (loss) on investments | (4) | (8) | (82) | (600) | (494) | |||||||||
Capital gains distributions | - | - | 36 | 885 | 177 | |||||||||
Total realized gain (loss) on investments | ||||||||||||||
and capital gains distributions | (4) | (8) | (46) | 285 | (317) | |||||||||
Net unrealized appreciation | ||||||||||||||
(depreciation) of investments | 25 | 35 | (62) | (322) | 554 | |||||||||
Net realized and unrealized gain (loss) | ||||||||||||||
on investments | 21 | 27 | (108) | (37) | 237 | |||||||||
Net increase (decrease) in net assets | ||||||||||||||
resulting from operations | $ 57 | $ 112 | $ 1 | $ 287 | $ 204 |
The accompanying notes are an integral part of these financial statements.
59
VARIABLE ANNUITY ACCOUNT C OF
ING LIFE INSURANCE AND ANNUITY COMPANY
Statements of Operations
For the year ended December 31, 2007
(Dollars in thousands)
ING BlackRock | ||||||||||
Large Cap | ING BlackRock | ING BlackRock | ||||||||
Growth | Large Cap | Large Cap | ING Evergreen | ING Evergreen | ||||||
Portfolio - | Growth | Growth | Health Sciences | Omega | ||||||
Institutional | Portfolio - | Portfolio - | Portfolio - | Portfolio - | ||||||
Class | Service Class | Service 2 Class | Service Class | Service Class | ||||||
Net investment income (loss) | ||||||||||
Income: | ||||||||||
Dividends | $ - | $ - | $ - | $ 7 | $ - | |||||
Total investment income | - | - | - | 7 | - | |||||
Expenses: | ||||||||||
Mortality, expense risk and | ||||||||||
other charges | 879 | - | - | 55 | - | |||||
Total expenses | 879 | - | - | 55 | - | |||||
Net investment income (loss) | (879) | - | - | (48) | - | |||||
Realized and unrealized gain (loss) |
||||||||||
on investments | ||||||||||
Net realized gain (loss) on investments | - | 1 | - | 200 | - | |||||
Capital gains distributions | - | - | - | 195 | - | |||||
Total realized gain (loss) on investments | ||||||||||
and capital gains distributions | - | 1 | - | 395 | - | |||||
Net unrealized appreciation | ||||||||||
(depreciation) of investments | (1,934) | - | (2) | 13 | - | |||||
Net realized and unrealized gain (loss) | ||||||||||
on investments | (1,934) | 1 | (2) | 408 | - | |||||
Net increase (decrease) in net assets | ||||||||||
resulting from operations | $ (2,813) | $ 1 | $ (2) | $ 360 | $ - |
The accompanying notes are an integral part of these financial statements.
60
VARIABLE ANNUITY ACCOUNT C OF
ING LIFE INSURANCE AND ANNUITY COMPANY
Statements of Operations
For the year ended December 31, 2007
(Dollars in thousands)
ING FMRSM | ||||||||||||||||
Large Cap | ING FMRSM | ING Global | ||||||||||||||
ING FMRSM | Growth | Large Cap | Resources | ING Global | ||||||||||||
Diversified Mid | Portfolio - | Growth | Portfolio - | Resources | ||||||||||||
Cap Portfolio - | Institutional | Portfolio - | Institutional | Portfolio - | ||||||||||||
Service Class | Class | Service Class | Class | Service Class | ||||||||||||
Net investment income (loss) | ||||||||||||||||
Income: | ||||||||||||||||
Dividends | $ 21 | $ - | $ - | $ - | $ 12 | |||||||||||
Total investment income | 21 | - | - | - | 12 | |||||||||||
Expenses: | ||||||||||||||||
Mortality, expense risk and | ||||||||||||||||
other charges | 175 | 2 | - | - | 881 | |||||||||||
Total expenses | 175 | 2 | - | - | 881 | |||||||||||
Net investment income (loss) | (154) | (2) | - | - | (869) | |||||||||||
Realized and unrealized gain (loss) |
||||||||||||||||
on investments | ||||||||||||||||
Net realized gain (loss) on investments | 333 | 7 | - | - | 1,546 | |||||||||||
Capital gains distributions | 70 | - | - | - | 8,707 | |||||||||||
Total realized gain (loss) on investments | ||||||||||||||||
and capital gains distributions | 403 | 7 | - | - | 10,253 | |||||||||||
Net unrealized appreciation | ||||||||||||||||
(depreciation) of investments | 1,812 | (3) | - | 4 | 18,114 | |||||||||||
Net realized and unrealized gain (loss) | ||||||||||||||||
on investments | 2,215 | 4 | - | 4 | 28,367 | |||||||||||
Net increase (decrease) in net assets | ||||||||||||||||
resulting from operations | $ 2,061 | $ 2 | $ - | $ 4 | $ 27,498 |
The accompanying notes are an integral part of these financial statements.
61
VARIABLE ANNUITY ACCOUNT C OF
ING LIFE INSURANCE AND ANNUITY COMPANY
Statements of Operations
For the year ended December 31, 2007
(Dollars in thousands)
ING JPMorgan | ||||||||||
ING JPMorgan | Emerging | ING JPMorgan | ING JPMorgan | |||||||
ING Janus | Emerging | Markets Equity | Emerging | Small Cap Core | ||||||
Contrarian | Markets Equity | Portfolio - | Markets Equity | Equity | ||||||
Portfolio - | Portfolio - | Institutional | Portfolio - | Portfolio - | ||||||
Service Class | Adviser Class | Class | Service Class | Service Class | ||||||
Net investment income (loss) | ||||||||||
Income: | ||||||||||
Dividends | $ - | $ 2 | $ 410 | $ 294 | $ 3 | |||||
Total investment income | - | 2 | 410 | 294 | 3 | |||||
Expenses: | ||||||||||
Mortality, expense risk and | ||||||||||
other charges | 5 | 1 | 352 | 326 | 25 | |||||
Total expenses | 5 | 1 | 352 | 326 | 25 | |||||
Net investment income (loss) | (5) | 1 | 58 | (32) | (22) | |||||
Realized and unrealized gain (loss) |
||||||||||
on investments | ||||||||||
Net realized gain (loss) on investments | - | 19 | 3,859 | 2,312 | 19 | |||||
Capital gains distributions | 2 | - | 81 | 68 | 147 | |||||
Total realized gain (loss) on investments | ||||||||||
and capital gains distributions | 2 | 19 | 3,940 | 2,380 | 166 | |||||
Net unrealized appreciation | ||||||||||
(depreciation) of investments | 13 | 30 | 6,939 | 6,767 | (257) | |||||
Net realized and unrealized gain (loss) | ||||||||||
on investments | 15 | 49 | 10,879 | 9,147 | (91) | |||||
Net increase (decrease) in net assets | ||||||||||
resulting from operations | $ 10 | $ 50 | $ 10,937 | $ 9,115 | $ (113) |
The accompanying notes are an integral part of these financial statements.
62
VARIABLE ANNUITY ACCOUNT C OF | ||||||||||||
ING LIFE INSURANCE AND ANNUITY COMPANY | ||||||||||||
Statements of Operations | ||||||||||||
For the year ended December 31, 2007 | ||||||||||||
(Dollars in thousands) | ||||||||||||
ING JPMorgan | ||||||||||||
Value | ING JPMorgan | ING Legg | ||||||||||
Opportunities | Value | ING Julius | Mason Partners | ING Legg | ||||||||
Portfolio - | Opportunities | Baer Foreign | All Cap | Mason Value | ||||||||
Institutional | Portfolio - | Portfolio - | Portfolio - | Portfolio - | ||||||||
Class | Service Class | Service Class | Service Class | Service Class | ||||||||
Net investment income (loss) | ||||||||||||
Income: | ||||||||||||
Dividends | $ 2 | $ 24 | $ 37 | $ 2 | $ - | |||||||
Total investment income | 2 | 24 | 37 | 2 | - | |||||||
Expenses: | ||||||||||||
Mortality, expense risk and | ||||||||||||
other charges | 1 | 17 | 493 | - | 45 | |||||||
Total expenses | 1 | 17 | 493 | - | 45 | |||||||
Net investment income (loss) | 1 | 7 | (456) | 2 | (45) | |||||||
Realized and unrealized gain (loss) | ||||||||||||
on investments | ||||||||||||
Net realized gain (loss) on investments | 3 | 20 | 910 | (2) | 92 | |||||||
Capital gains distributions | 6 | 108 | 3,005 | 10 | 44 | |||||||
Total realized gain (loss) on investments | ||||||||||||
and capital gains distributions | 9 | 128 | 3,915 | 8 | 136 | |||||||
Net unrealized appreciation | ||||||||||||
(depreciation) of investments | (12) | (217) | 2,669 | (2) | (434) | |||||||
Net realized and unrealized gain (loss) | ||||||||||||
on investments | (3) | (89) | 6,584 | 6 | (298) | |||||||
Net increase (decrease) in net assets | ||||||||||||
resulting from operations | $ (2) | $ (82) | $ 6,128 | $ 8 | $ (343) |
The accompanying notes are an integral part of these financial statements.
63
VARIABLE ANNUITY ACCOUNT C OF
ING LIFE INSURANCE AND ANNUITY COMPANY
Statements of Operations
For the year ended December 31, 2007
(Dollars in thousands)
ING Lord | ||||||||||||||
Abbett | ING Lord | ING Marsico | ING Marsico | |||||||||||
Affiliated | Abbett | ING Marsico | International | International | ||||||||||
Portfolio - | Affiliated | Growth | Opportunities | Opportunities | ||||||||||
Institutional | Portfolio - | Portfolio - | Portfolio - | Portfolio - | ||||||||||
Class | Service Class | Service Class | Adviser Class | Service Class | ||||||||||
Net investment income (loss) | ||||||||||||||
Income: | ||||||||||||||
Dividends | $ 30 | $ 8 | $ - | $ - | $ 94 | |||||||||
Total investment income | 30 | 8 | - | - | 94 | |||||||||
Expenses: | ||||||||||||||
Mortality, expense risk and | ||||||||||||||
other charges | 602 | 2 | 36 | - | 96 | |||||||||
Total expenses | 602 | 2 | 36 | - | 96 | |||||||||
Net investment income (loss) | (572) | 6 | (36) | - | (2) | |||||||||
Realized and unrealized gain (loss) |
||||||||||||||
on investments | ||||||||||||||
Net realized gain (loss) on investments | 195 | (1) | 148 | - | 465 | |||||||||
Capital gains distributions | 37 | 12 | - | - | 568 | |||||||||
Total realized gain (loss) on investments | ||||||||||||||
and capital gains distributions | 232 | 11 | 148 | - | 1,033 | |||||||||
Net unrealized appreciation | ||||||||||||||
(depreciation) of investments | 2,393 | (30) | 278 | (2) | 569 | |||||||||
Net realized and unrealized gain (loss) | ||||||||||||||
on investments | 2,625 | (19) | 426 | (2) | 1,602 | |||||||||
Net increase (decrease) in net assets | ||||||||||||||
resulting from operations | $ 2,053 | $ (13) | $ 390 | $ (2) | $ 1,600 |
The accompanying notes are an integral part of these financial statements.
64
VARIABLE ANNUITY ACCOUNT C OF
ING LIFE INSURANCE AND ANNUITY COMPANY
Statements of Operations
For the year ended December 31, 2007
(Dollars in thousands)
ING MFS Total | ING | |||||||||||
ING MFS Total | Return | ING MFS Total | ING MFS | Oppenheimer | ||||||||
Return | Portfolio - | Return | Utilities | Main Street | ||||||||
Portfolio - | Institutional | Portfolio - | Portfolio - | Portfolio® - | ||||||||
Adviser Class | Class | Service Class | Service Class | Service Class | ||||||||
Net investment income (loss) | ||||||||||||
Income: | ||||||||||||
Dividends | $ 4 | $ 45 | $ 1,034 | $ 255 | $ 11 | |||||||
Total investment income | 4 | 45 | 1,034 | 255 | 11 | |||||||
Expenses: | ||||||||||||
Mortality, expense risk and | ||||||||||||
other charges | 1 | 362 | 396 | 306 | 14 | |||||||
Total expenses | 1 | 362 | 396 | 306 | 14 | |||||||
Net investment income (loss) | 3 | (317) | 638 | (51) | (3) | |||||||
Realized and unrealized gain (loss) |
||||||||||||
on investments | ||||||||||||
Net realized gain (loss) on investments | 2 | (61) | 436 | 1,939 | 102 | |||||||
Capital gains distributions | 9 | 78 | 1,934 | 1,139 | - | |||||||
Total realized gain (loss) on investments | ||||||||||||
and capital gains distributions | 11 | 17 | 2,370 | 3,078 | 102 | |||||||
Net unrealized appreciation | ||||||||||||
(depreciation) of investments | (18) | 858 | (1,896) | 2,510 | (81) | |||||||
Net realized and unrealized gain (loss) | ||||||||||||
on investments | (7) | 875 | 474 | 5,588 | 21 | |||||||
Net increase (decrease) in net assets | ||||||||||||
resulting from operations | $ (4) | $ 558 | $ 1,112 | $ 5,537 | $ 18 |
The accompanying notes are an integral part of these financial statements.
65
VARIABLE ANNUITY ACCOUNT C OF
ING LIFE INSURANCE AND ANNUITY COMPANY
Statements of Operations
For the year ended December 31, 2007
(Dollars in thousands)
ING PIMCO | ING Pioneer | |||||||||||
High Yield | ING PIMCO | Equity Income | ING Pioneer | |||||||||
Portfolio - | High Yield | Portfolio - | Fund Portfolio | ING Pioneer | ||||||||
Institutional | Portfolio - | Institutional | - Institutional | Fund Portfolio | ||||||||
Class | Service Class | Class | Class | - Service Class | ||||||||
Net investment income (loss) | ||||||||||||
Income: | ||||||||||||
Dividends | $ 32 | $ 392 | $ 2,144 | $ 42 | $ - | |||||||
Total investment income | 32 | 392 | 2,144 | 42 | - | |||||||
Expenses: | ||||||||||||
Mortality, expense risk and | ||||||||||||
other charges | 5 | 61 | 696 | 73 | 1 | |||||||
Total expenses | 5 | 61 | 696 | 73 | 1 | |||||||
Net investment income (loss) | 27 | 331 | 1,448 | (31) | (1) | |||||||
Realized and unrealized gain (loss) |
||||||||||||
on investments | ||||||||||||
Net realized gain (loss) on investments | (11) | (19) | 74 | 137 | 1 | |||||||
Capital gains distributions | 3 | 30 | - | 80 | 1 | |||||||
Total realized gain (loss) on investments | ||||||||||||
and capital gains distributions | (8) | 11 | 74 | 217 | 2 | |||||||
Net unrealized appreciation | ||||||||||||
(depreciation) of investments | (14) | (257) | (5,352) | 14 | (1) | |||||||
Net realized and unrealized gain (loss) | ||||||||||||
on investments | (22) | (246) | (5,278) | 231 | 1 | |||||||
Net increase (decrease) in net assets | ||||||||||||
resulting from operations | $ 5 | $ 85 | $ (3,830) | $ 200 | $ - |
The accompanying notes are an integral part of these financial statements.
66
VARIABLE ANNUITY ACCOUNT C OF
ING LIFE INSURANCE AND ANNUITY COMPANY
Statements of Operations
For the year ended December 31, 2007
(Dollars in thousands)
ING Pioneer | ING T. Rowe | ING T. Rowe | ||||||||||
Mid Cap Value | ING Pioneer | ING Stock | Price Capital | Price Equity | ||||||||
Portfolio - | Mid Cap Value | Index Portfolio | Appreciation | Income | ||||||||
Institutional | Portfolio - | - Institutional | Portfolio - | Portfolio - | ||||||||
Class | Service Class | Class | Service Class | Adviser Class | ||||||||
Net investment income (loss) | ||||||||||||
Income: | ||||||||||||
Dividends | $ 40 | $ - | $ 54 | $ 2,334 | $ 7 | |||||||
Total investment income | 40 | - | 54 | 2,334 | 7 | |||||||
Expenses: | ||||||||||||
Mortality, expense risk and | ||||||||||||
other charges | 423 | - | 7 | 1,383 | 2 | |||||||
Total expenses | 423 | - | 7 | 1,383 | 2 | |||||||
Net investment income (loss) | (383) | - | 47 | 951 | 5 | |||||||
Realized and unrealized gain (loss) |
||||||||||||
on investments | ||||||||||||
Net realized gain (loss) on investments | (256) | - | 97 | 202 | 12 | |||||||
Capital gains distributions | 272 | - | 95 | 12,693 | 24 | |||||||
Total realized gain (loss) on investments | ||||||||||||
and capital gains distributions | 16 | - | 192 | 12,895 | 36 | |||||||
Net unrealized appreciation | ||||||||||||
(depreciation) of investments | (2,175) | - | (63) | (11,663) | (61) | |||||||
Net realized and unrealized gain (loss) | ||||||||||||
on investments | (2,159) | - | 129 | 1,232 | (25) | |||||||
Net increase (decrease) in net assets | ||||||||||||
resulting from operations | $ (2,542) | $ - | $ 176 | $ 2,183 | $ (20) |
The accompanying notes are an integral part of these financial statements.
67
VARIABLE ANNUITY ACCOUNT C OF
ING LIFE INSURANCE AND ANNUITY COMPANY
Statements of Operations
For the year ended December 31, 2007
(Dollars in thousands)
ING Van | ||||||||||||
ING T. Rowe | ING Templeton | ING Van | Kampen | |||||||||
Price Equity | Global Growth | ING Templeton | Kampen | Growth and | ||||||||
Income | Portfolio - | Global Growth | Capital Growth | Income | ||||||||
Portfolio - | Institutional | Portfolio - | Portfolio - | Portfolio - | ||||||||
Service Class | Class | Service Class | Service Class | Service Class | ||||||||
Net investment income (loss) | ||||||||||||
Income: | ||||||||||||
Dividends | $ 1,341 | $ - | $ 27 | $ - | $ 277 | |||||||
Total investment income | 1,341 | - | 27 | - | 277 | |||||||
Expenses: | ||||||||||||
Mortality, expense risk and | ||||||||||||
other charges | 971 | 5 | 29 | - | 174 | |||||||
Total expenses | 971 | 5 | 29 | - | 174 | |||||||
Net investment income (loss) | 370 | (5) | (2) | - | 103 | |||||||
Realized and unrealized gain (loss) |
||||||||||||
on investments | ||||||||||||
Net realized gain (loss) on investments | 1,477 | - | 84 | 1 | 212 | |||||||
Capital gains distributions | 3,556 | - | 60 | 2 | 1,202 | |||||||
Total realized gain (loss) on investments | ||||||||||||
and capital gains distributions | 5,033 | - | 144 | 3 | 1,414 | |||||||
Net unrealized appreciation | ||||||||||||
(depreciation) of investments | (3,764) | (6) | (144) | 9 | (1,343) | |||||||
Net realized and unrealized gain (loss) | ||||||||||||
on investments | 1,269 | (6) | - | 12 | 71 | |||||||
Net increase (decrease) in net assets | ||||||||||||
resulting from operations | $ 1,639 | $ (11) | $ (2) | $ 12 | $ 174 |
The accompanying notes are an integral part of these financial statements.
68
VARIABLE ANNUITY ACCOUNT C OF
ING LIFE INSURANCE AND ANNUITY COMPANY
Statements of Operations
For the year ended December 31, 2007
(Dollars in thousands)
ING VP Index | ||||||||||
Plus | ING VP Index | |||||||||
ING Van | International | Plus | ING Wells | |||||||
Kampen Real | ING Van | Equity | International | Fargo | ||||||
Estate Portfolio | Kampen Real | Portfolio - | Equity | Disciplined | ||||||
- Institutional | Estate Portfolio | Institutional | Portfolio - | Value Portfolio | ||||||
Class | - Service Class | Class | Service Class | - Adviser Class | ||||||
Net investment income (loss) | ||||||||||
Income: | ||||||||||
Dividends | $ 12 | $ 248 | $ - | $ - | $ - | |||||
Total investment income | 12 | 248 | - | - | - | |||||
Expenses: | ||||||||||
Mortality, expense risk and | ||||||||||
other charges | 9 | 212 | 33 | 84 | - | |||||
Total expenses | 9 | 212 | 33 | 84 | - | |||||
Net investment income (loss) | 3 | 36 | (33) | (84) | - | |||||
Realized and unrealized gain (loss) |
||||||||||
on investments | ||||||||||
Net realized gain (loss) on investments | (4) | 524 | 4 | 504 | - | |||||
Capital gains distributions | 92 | 2,300 | - | 29 | - | |||||
Total realized gain (loss) on investments | ||||||||||
and capital gains distributions | 88 | 2,824 | 4 | 533 | - | |||||
Net unrealized appreciation | ||||||||||
(depreciation) of investments | (296) | (7,927) | (304) | (190) | - | |||||
Net realized and unrealized gain (loss) | ||||||||||
on investments | (208) | (5,103) | (300) | 343 | - | |||||
Net increase (decrease) in net assets | ||||||||||
resulting from operations | $ (205) | $ (5,067) | $ (333) | $ 259 | $ - |
The accompanying notes are an integral part of these financial statements.
69
VARIABLE ANNUITY ACCOUNT C OF
ING LIFE INSURANCE AND ANNUITY COMPANY
Statements of Operations
For the year ended December 31, 2007
(Dollars in thousands)
ING Wells | ING Wells | ING | ING American | |||||||
Fargo | Fargo Small | International | ING | Century Large | ||||||
Disciplined | Cap Disciplined | Growth | International | Company | ||||||
Value Portfolio | Portfolio - | Opportunities | SmallCap Fund | Value Portfolio | ||||||
- Service Class | Service Class | Fund - Class Q | - Class A | - Adviser Class | ||||||
Net investment income (loss) | ||||||||||
Income: | ||||||||||
Dividends | $ 16 | $ - | $ - | $ 13 | $ - | |||||
Total investment income | 16 | - | - | 13 | - | |||||
Expenses: | ||||||||||
Mortality, expense risk and | ||||||||||
other charges | 11 | 10 | - | 9 | - | |||||
Total expenses | 11 | 10 | - | 9 | - | |||||
Net investment income (loss) | 5 | (10) | - | 4 | - | |||||
Realized and unrealized gain (loss) |
||||||||||
on investments | ||||||||||
Net realized gain (loss) on investments | 54 | 58 | - | 173 | - | |||||
Capital gains distributions | - | - | 2 | 307 | 2 | |||||
Total realized gain (loss) on investments | ||||||||||
and capital gains distributions | 54 | 58 | 2 | 480 | 2 | |||||
Net unrealized appreciation | ||||||||||
(depreciation) of investments | (136) | (90) | - | (379) | (4) | |||||
Net realized and unrealized gain (loss) | ||||||||||
on investments | (82) | (32) | 2 | 101 | (2) | |||||
Net increase (decrease) in net assets | ||||||||||
resulting from operations | $ (77) | $ (42) | $ 2 | $ 105 | $ (2) |
The accompanying notes are an integral part of these financial statements.
70
VARIABLE ANNUITY ACCOUNT C OF
ING LIFE INSURANCE AND ANNUITY COMPANY
Statements of Operations
For the year ended December 31, 2007
(Dollars in thousands)
ING American | ING American | ING American | ||||||||
Century Large | ING American | ING American | Century Small- | Century Small- | ||||||
Company | Century Select | Century Select | Mid Cap Value | Mid Cap Value | ||||||
Value Portfolio | Portfolio - | Portfolio - | Portfolio - | Portfolio - | ||||||
- Service Class | Initial Class | Service Class | Adviser Class | Service Class | ||||||
Net investment income (loss) | ||||||||||
Income: | ||||||||||
Dividends | $ 62 | $ 860 | $ - | $ - | $ 128 | |||||
Total investment income | 62 | 860 | - | - | 128 | |||||
Expenses: | ||||||||||
Mortality, expense risk and | ||||||||||
other charges | 57 | 426 | - | - | 321 | |||||
Total expenses | 57 | 426 | - | - | 321 | |||||
Net investment income (loss) | 5 | 434 | - | - | (193) | |||||
Realized and unrealized gain (loss) |
||||||||||
on investments | ||||||||||
Net realized gain (loss) on investments | 286 | 15,123 | - | - | 861 | |||||
Capital gains distributions | 342 | - | - | 6 | 4,020 | |||||
Total realized gain (loss) on investments | ||||||||||
and capital gains distributions | 628 | 15,123 | - | 6 | 4,881 | |||||
Net unrealized appreciation | ||||||||||
(depreciation) of investments | (763) | (5,598) | - | (8) | (5,673) | |||||
Net realized and unrealized gain (loss) | ||||||||||
on investments | (135) | 9,525 | - | (2) | (792) | |||||
Net increase (decrease) in net assets | ||||||||||
resulting from operations | $ (130) | $ 9,959 | $ - | $ (2) | $ (985) |
The accompanying notes are an integral part of these financial statements.
71
VARIABLE ANNUITY ACCOUNT C OF
ING LIFE INSURANCE AND ANNUITY COMPANY
Statements of Operations
For the year ended December 31, 2007
(Dollars in thousands)
ING Baron | ING Baron | ING Columbia | ||||||||||
Small Cap | Small Cap | Small Cap | ING Davis New | |||||||||
ING Baron | Growth | Growth | Value II | York Venture | ||||||||
Asset Portfolio | Portfolio - | Portfolio - | Portfolio - | Portfolio - | ||||||||
- Service Class | Adviser Class | Service Class | Service Class | Service Class | ||||||||
Net investment income (loss) | ||||||||||||
Income: | ||||||||||||
Dividends | $ - | $ - | $ - | $ - | $ 26 | |||||||
Total investment income | - | - | - | - | 26 | |||||||
Expenses: | ||||||||||||
Mortality, expense risk and | ||||||||||||
other charges | 18 | 1 | 996 | 3 | 111 | |||||||
Total expenses | 18 | 1 | 996 | 3 | 111 | |||||||
Net investment income (loss) | (18) | (1) | (996) | (3) | (85) | |||||||
Realized and unrealized gain (loss) |
||||||||||||
on investments | ||||||||||||
Net realized gain (loss) on investments | 48 | 8 | 3,264 | 9 | 355 | |||||||
Capital gains distributions | - | - | - | - | 39 | |||||||
Total realized gain (loss) on investments | ||||||||||||
and capital gains distributions | 48 | 8 | 3,264 | 9 | 394 | |||||||
Net unrealized appreciation | ||||||||||||
(depreciation) of investments | 58 | (3) | 2,329 | (31) | (49) | |||||||
Net realized and unrealized gain (loss) | ||||||||||||
on investments | 106 | 5 | 5,593 | (22) | 345 | |||||||
Net increase (decrease) in net assets | ||||||||||||
resulting from operations | $ 88 | $ 4 | $ 4,597 | $ (25) | $ 260 |
The accompanying notes are an integral part of these financial statements.
72
VARIABLE ANNUITY ACCOUNT C OF
ING LIFE INSURANCE AND ANNUITY COMPANY
Statements of Operations
For the year ended December 31, 2007
(Dollars in thousands)
ING Goldman | ||||||||||||||||
ING | ING | ING Goldman | Sachs® | |||||||||||||
ING Fidelity® | Fundamental | Fundamental | Sachs® Capital | Structured | ||||||||||||
VIP Mid Cap | Research | Research | Growth | Equity | ||||||||||||
Portfolio - | Portfolio - | Portfolio - | Portfolio - | Portfolio - | ||||||||||||
Service Class | Adviser Class | Service Class | Service Class | Adviser Class | ||||||||||||
Net investment income (loss) | ||||||||||||||||
Income: | ||||||||||||||||
Dividends | $ 1 | $ - | $ 19 | $ 26 | $ - | |||||||||||
Total investment income | 1 | - | 19 | 26 | - | |||||||||||
Expenses: | ||||||||||||||||
Mortality, expense risk and | ||||||||||||||||
other charges | 6 | - | 15 | 1 | - | |||||||||||
Total expenses | 6 | - | 15 | 1 | - | |||||||||||
Net investment income (loss) | (5) | - | 4 | 25 | - | |||||||||||
Realized and unrealized gain (loss) |
||||||||||||||||
on investments | ||||||||||||||||
Net realized gain (loss) on investments | 2 | (7) | 112 | 244 | (1) | |||||||||||
Capital gains distributions | 17 | 7 | 158 | - | 1 | |||||||||||
Total realized gain (loss) on investments | ||||||||||||||||
and capital gains distributions | 19 | - | 270 | 244 | - | |||||||||||
Net unrealized appreciation | ||||||||||||||||
(depreciation) of investments | 81 | - | (234) | (224) | - | |||||||||||
Net realized and unrealized gain (loss) | ||||||||||||||||
on investments | 100 | - | 36 | 20 | - | |||||||||||
Net increase (decrease) in net assets | ||||||||||||||||
resulting from operations | $ 95 | $ - | $ 40 | $ 45 | $ - |
The accompanying notes are an integral part of these financial statements.
73
VARIABLE ANNUITY ACCOUNT C OF
ING LIFE INSURANCE AND ANNUITY COMPANY
Statements of Operations
For the year ended December 31, 2007
(Dollars in thousands)
ING JPMorgan | ING JPMorgan | ING JPMorgan | ING JPMorgan | ING JPMorgan | ||||||
International | International | International | Mid Cap Value | Mid Cap Value | ||||||
Portfolio - | Portfolio - | Portfolio - | Portfolio - | Portfolio - | ||||||
Adviser Class | Initial Class | Service Class | Adviser Class | Service Class | ||||||
Net investment income (loss) | ||||||||||
Income: | ||||||||||
Dividends | $ 3 | $ 3,097 | $ - | $ 1 | $ 192 | |||||
Total investment income | 3 | 3,097 | - | 1 | 192 | |||||
Expenses: | ||||||||||
Mortality, expense risk and | ||||||||||
other charges | - | 1,516 | - | 1 | 375 | |||||
Total expenses | - | 1,516 | - | 1 | 375 | |||||
Net investment income (loss) | 3 | 1,581 | - | - | (183) | |||||
Realized and unrealized gain (loss) |
||||||||||
on investments | ||||||||||
Net realized gain (loss) on investments | 3 | 14,809 | - | 8 | 1,007 | |||||
Capital gains distributions | - | - | - | 15 | 1,729 | |||||
Total realized gain (loss) on investments | ||||||||||
and capital gains distributions | 3 | 14,809 | - | 23 | 2,736 | |||||
Net unrealized appreciation | ||||||||||
(depreciation) of investments | (4) | (3,771) | 1 | (35) | (2,133) | |||||
Net realized and unrealized gain (loss) | ||||||||||
on investments | (1) | 11,038 | 1 | (12) | 603 | |||||
Net increase (decrease) in net assets | ||||||||||
resulting from operations | $ 2 | $ 12,619 | $ 1 | $ (12) | $ 420 |
The accompanying notes are an integral part of these financial statements.
74
VARIABLE ANNUITY ACCOUNT C OF
ING LIFE INSURANCE AND ANNUITY COMPANY
Statements of Operations
For the year ended December 31, 2007
(Dollars in thousands)
ING Legg | ING Legg | ING Legg | ING Legg | ING Legg | ||||||
Mason Partners | Mason Partners | Mason Partners | Mason Partners | Mason Partners | ||||||
Aggressive | Aggressive | Aggressive | Large Cap | Large Cap | ||||||
Growth | Growth | Growth | Growth | Growth | ||||||
Portfolio - | Portfolio - | Portfolio - | Portfolio - | Portfolio - | ||||||
Adviser Class | Initial Class | Service Class | Adviser Class | Initial Class | ||||||
Net investment income (loss) | ||||||||||
Income: | ||||||||||
Dividends | $ - | $ - | $ - | $ - | $ - | |||||
Total investment income | - | - | - | - | - | |||||
Expenses: | ||||||||||
Mortality, expense risk and | ||||||||||
other charges | - | 1,922 | 1 | - | 38 | |||||
Total expenses | - | 1,922 | 1 | - | 38 | |||||
Net investment income (loss) | - | (1,922) | (1) | - | (38) | |||||
Realized and unrealized gain (loss) |
||||||||||
on investments | ||||||||||
Net realized gain (loss) on investments | 4 | (9,429) | 4 | 4 | 106 | |||||
Capital gains distributions | - | - | - | 2 | 47 | |||||
Total realized gain (loss) on investments | ||||||||||
and capital gains distributions | 4 | (9,429) | 4 | 6 | 153 | |||||
Net unrealized appreciation | ||||||||||
(depreciation) of investments | (7) | 7,512 | (6) | (5) | 26 | |||||
Net realized and unrealized gain (loss) | ||||||||||
on investments | (3) | (1,917) | (2) | 1 | 179 | |||||
Net increase (decrease) in net assets | ||||||||||
resulting from operations | $ (3) | $ (3,839) | $ (3) | $ 1 | $ 141 |
The accompanying notes are an integral part of these financial statements.
75
VARIABLE ANNUITY ACCOUNT C OF
ING LIFE INSURANCE AND ANNUITY COMPANY
Statements of Operations
For the year ended December 31, 2007
(Dollars in thousands)
ING Neuberger | ING Neuberger | ING | ING | |||||||||||
Berman | Berman | ING OpCap | Oppenheimer | Oppenheimer | ||||||||||
Partners | Regency | Balanced Value | Global | Global | ||||||||||
Portfolio - | Portfolio - | Portfolio - | Portfolio - | Portfolio - | ||||||||||
Service Class | Service Class | Service Class | Adviser Class | Initial Class | ||||||||||
Net investment income (loss) | ||||||||||||||
Income: | ||||||||||||||
Dividends | $ 3 | $ - | $ 162 | $ 1 | $ 9,593 | |||||||||
Total investment income | 3 | - | 162 | 1 | 9,593 | |||||||||
Expenses: | ||||||||||||||
Mortality, expense risk and | ||||||||||||||
other charges | 11 | - | 135 | 1 | 9,295 | |||||||||
Total expenses | 11 | - | 135 | 1 | 9,295 | |||||||||
Net investment income (loss) | (8) | - | 27 | - | 298 | |||||||||
Realized and unrealized gain (loss) |
||||||||||||||
on investments | ||||||||||||||
Net realized gain (loss) on investments | (22) | - | 398 | 8 | 45,596 | |||||||||
Capital gains distributions | 62 | - | 1,341 | 7 | 35,927 | |||||||||
Total realized gain (loss) on investments | ||||||||||||||
and capital gains distributions | 40 | - | 1,739 | 15 | 81,523 | |||||||||
Net unrealized appreciation | ||||||||||||||
(depreciation) of investments | (52) | (2) | (2,299) | (12) | (31,597) | |||||||||
Net realized and unrealized gain (loss) | ||||||||||||||
on investments | (12) | (2) | (560) | 3 | 49,926 | |||||||||
Net increase (decrease) in net assets | ||||||||||||||
resulting from operations | $ (20) | $ (2) | $ (533) | $ 3 | $ 50,224 |
The accompanying notes are an integral part of these financial statements.
76
VARIABLE ANNUITY ACCOUNT C OF
ING LIFE INSURANCE AND ANNUITY COMPANY
Statements of Operations
For the year ended December 31, 2007
(Dollars in thousands)
ING | ING | |||||||||||||
ING | Oppenheimer | Oppenheimer | ||||||||||||
Oppenheimer | Strategic | Strategic | ING PIMCO | ING PIMCO | ||||||||||
Global | Income | Income | Total Return | Total Return | ||||||||||
Portfolio - | Portfolio - | Portfolio - | Portfolio - | Portfolio - | ||||||||||
Service Class | Adviser Class | Initial Class | Adviser Class | Service Class | ||||||||||
Net investment income (loss) | ||||||||||||||
Income: | ||||||||||||||
Dividends | $ 4 | $ 10 | $ 5,385 | $ 17 | $ 2,373 | |||||||||
Total investment income | 4 | 10 | 5,385 | 17 | 2,373 | |||||||||
Expenses: | ||||||||||||||
Mortality, expense risk and | ||||||||||||||
other charges | 3 | 1 | 1,175 | 2 | 708 | |||||||||
Total expenses | 3 | 1 | 1,175 | 2 | 708 | |||||||||
Net investment income (loss) | 1 | 9 | 4,210 | 15 | 1,665 | |||||||||
Realized and unrealized gain (loss) |
||||||||||||||
on investments | ||||||||||||||
Net realized gain (loss) on investments | 9 | 3 | 1,642 | 5 | 433 | |||||||||
Capital gains distributions | 15 | - | - | - | - | |||||||||
Total realized gain (loss) on investments | ||||||||||||||
and capital gains distributions | 24 | 3 | 1,642 | 5 | 433 | |||||||||
Net unrealized appreciation | ||||||||||||||
(depreciation) of investments | (17) | 2 | 2,740 | 22 | 3,685 | |||||||||
Net realized and unrealized gain (loss) | ||||||||||||||
on investments | 7 | 5 | 4,382 | 27 | 4,118 | |||||||||
Net increase (decrease) in net assets | ||||||||||||||
resulting from operations | $ 8 | $ 14 | $ 8,592 | $ 42 | $ 5,783 |
The accompanying notes are an integral part of these financial statements.
77
VARIABLE ANNUITY ACCOUNT C OF
ING LIFE INSURANCE AND ANNUITY COMPANY
Statements of Operations
For the year ended December 31, 2007
(Dollars in thousands)
ING Pioneer | ING Pioneer | |||||||||
High Yield | High Yield | ING Solution | ING Solution | ING Solution | ||||||
Portfolio - | Portfolio - | 2015 Portfolio - | 2015 Portfolio - | 2025 Portfolio - | ||||||
Initial Class | Service Class | Adviser Class | Service Class | Adviser Class | ||||||
Net investment income (loss) | ||||||||||
Income: | ||||||||||
Dividends | $ 195 | $ 3 | $ 44 | $ 125 | $ 41 | |||||
Total investment income | 195 | 3 | 44 | 125 | 41 | |||||
Expenses: | ||||||||||
Mortality, expense risk and | ||||||||||
other charges | 33 | 1 | 45 | 206 | 53 | |||||
Total expenses | 33 | 1 | 45 | 206 | 53 | |||||
Net investment income (loss) | 162 | 2 | (1) | (81) | (12) | |||||
Realized and unrealized gain (loss) |
||||||||||
on investments | ||||||||||
Net realized gain (loss) on investments | 40 | - | 55 | 635 | 78 | |||||
Capital gains distributions | - | - | 13 | 38 | 31 | |||||
Total realized gain (loss) on investments | ||||||||||
and capital gains distributions | 40 | - | 68 | 673 | 109 | |||||
Net unrealized appreciation | ||||||||||
(depreciation) of investments | (127) | (3) | 137 | 52 | 135 | |||||
Net realized and unrealized gain (loss) | ||||||||||
on investments | (87) | (3) | 205 | 725 | 244 | |||||
Net increase (decrease) in net assets | ||||||||||
resulting from operations | $ 75 | $ (1) | $ 204 | $ 644 | $ 232 |
The accompanying notes are an integral part of these financial statements.
78
VARIABLE ANNUITY ACCOUNT C OF
ING LIFE INSURANCE AND ANNUITY COMPANY
Statements of Operations
For the year ended December 31, 2007
(Dollars in thousands)
ING Solution | ING Solution | ING Solution | ING Solution | ING Solution | ||||||
2025 Portfolio - | 2035 Portfolio - | 2035 Portfolio - | 2045 Portfolio - | 2045 Portfolio - | ||||||
Service Class | Adviser Class | Service Class | Adviser Class | Service Class | ||||||
Net investment income (loss) | ||||||||||
Income: | ||||||||||
Dividends | $ 119 | $ 30 | $ 88 | $ 12 | $ 31 | |||||
Total investment income | 119 | 30 | 88 | 12 | 31 | |||||
Expenses: | ||||||||||
Mortality, expense risk and | ||||||||||
other charges | 246 | 43 | 173 | 24 | 119 | |||||
Total expenses | 246 | 43 | 173 | 24 | 119 | |||||
Net investment income (loss) | (127) | (13) | (85) | (12) | (88) | |||||
Realized and unrealized gain (loss) |
||||||||||
on investments | ||||||||||
Net realized gain (loss) on investments | 521 | 77 | 324 | 67 | 188 | |||||
Capital gains distributions | 94 | 19 | 57 | 12 | 32 | |||||
Total realized gain (loss) on investments | ||||||||||
and capital gains distributions | 615 | 96 | 381 | 79 | 220 | |||||
Net unrealized appreciation | ||||||||||
(depreciation) of investments | 226 | 62 | 289 | 27 | 283 | |||||
Net realized and unrealized gain (loss) | ||||||||||
on investments | 841 | 158 | 670 | 106 | 503 | |||||
Net increase (decrease) in net assets | ||||||||||
resulting from operations | $ 714 | $ 145 | $ 585 | $ 94 | $ 415 |
The accompanying notes are an integral part of these financial statements.
79
VARIABLE ANNUITY ACCOUNT C OF
ING LIFE INSURANCE AND ANNUITY COMPANY
Statements of Operations
For the year ended December 31, 2007
(Dollars in thousands)
ING T. Rowe | ING T. Rowe | ING T. Rowe | ||||||||
Price | Price | Price | ||||||||
ING Solution | ING Solution | Diversified Mid | Diversified Mid | Diversified Mid | ||||||
Income | Income | Cap Growth | Cap Growth | Cap Growth | ||||||
Portfolio - | Portfolio - | Portfolio - | Portfolio - | Portfolio - | ||||||
Adviser Class | Service Class | Adviser Class | Initial Class | Service Class | ||||||
Net investment income (loss) | ||||||||||
Income: | ||||||||||
Dividends | $ 41 | $ 33 | $ - | $ 753 | $ - | |||||
Total investment income | 41 | 33 | - | 753 | - | |||||
Expenses: | ||||||||||
Mortality, expense risk and | ||||||||||
other charges | 33 | 46 | - | 4,225 | 3 | |||||
Total expenses | 33 | 46 | - | 4,225 | 3 | |||||
Net investment income (loss) | 8 | (13) | - | (3,472) | (3) | |||||
Realized and unrealized gain (loss) |
||||||||||
on investments | ||||||||||
Net realized gain (loss) on investments | 35 | 120 | 2 | 15,183 | 17 | |||||
Capital gains distributions | 6 | 5 | 11 | 34,676 | 39 | |||||
Total realized gain (loss) on investments | ||||||||||
and capital gains distributions | 41 | 125 | 13 | 49,859 | 56 | |||||
Net unrealized appreciation | ||||||||||
(depreciation) of investments | 211 | 63 | (7) | 275 | (3) | |||||
Net realized and unrealized gain (loss) | ||||||||||
on investments | 252 | 188 | 6 | 50,134 | 53 | |||||
Net increase (decrease) in net assets | ||||||||||
resulting from operations | $ 260 | $ 175 | $ 6 | $ 46,662 | $ 50 |
The accompanying notes are an integral part of these financial statements.
80
VARIABLE ANNUITY ACCOUNT C OF
ING LIFE INSURANCE AND ANNUITY COMPANY
Statements of Operations
For the year ended December 31, 2007
(Dollars in thousands)
ING T. Rowe | ING T. Rowe | ING T. Rowe | ||||||||||||
Price Growth | Price Growth | Price Growth | ING Templeton | ING | ||||||||||
Equity | Equity | Equity | Foreign Equity | Thornburg | ||||||||||
Portfolio - | Portfolio - | Portfolio - | Portfolio - | Value Portfolio | ||||||||||
Adviser Class | Initial Class | Service Class | Service Class | - Adviser Class | ||||||||||
Net investment income (loss) | ||||||||||||||
Income: | ||||||||||||||
Dividends | $ - | $ 1,344 | $ 2 | $ 41 | $ - | |||||||||
Total investment income | - | 1,344 | 2 | 41 | - | |||||||||
Expenses: | ||||||||||||||
Mortality, expense risk and | ||||||||||||||
other charges | 2 | 2,917 | 8 | 30 | 1 | |||||||||
Total expenses | 2 | 2,917 | 8 | 30 | 1 | |||||||||
Net investment income (loss) | (2) | (1,573) | (6) | 11 | (1) | |||||||||
Realized and unrealized gain (loss) |
||||||||||||||
on investments | ||||||||||||||
Net realized gain (loss) on investments | 19 | (18) | 21 | 90 | 7 | |||||||||
Capital gains distributions | 34 | 12,729 | 54 | 41 | - | |||||||||
Total realized gain (loss) on investments | ||||||||||||||
and capital gains distributions | 53 | 12,711 | 75 | 131 | 7 | |||||||||
Net unrealized appreciation | ||||||||||||||
(depreciation) of investments | (29) | 12,582 | 18 | 122 | (22) | |||||||||
Net realized and unrealized gain (loss) | ||||||||||||||
on investments | 24 | 25,293 | 93 | 253 | (15) | |||||||||
Net increase (decrease) in net assets | ||||||||||||||
resulting from operations | $ 22 | $ 23,720 | $ 87 | $ 264 | $ (16) |
The accompanying notes are an integral part of these financial statements.
81
VARIABLE ANNUITY ACCOUNT C OF
ING LIFE INSURANCE AND ANNUITY COMPANY
Statements of Operations
For the year ended December 31, 2007
(Dollars in thousands)
ING UBS U.S. | ING UBS U.S. | ING UBS U.S. | ING UBS U.S. | |||||||||||
ING | Large Cap | Large Cap | Large Cap | Small Cap | ||||||||||
Thornburg | Equity | Equity | Equity | Growth | ||||||||||
Value Portfolio | Portfolio - | Portfolio - | Portfolio - | Portfolio - | ||||||||||
- Initial Class | Adviser Class | Initial Class | Service Class | Service Class | ||||||||||
Net investment income (loss) | ||||||||||||||
Income: | ||||||||||||||
Dividends | $ 518 | $ - | $ 942 | $ - | $ - | |||||||||
Total investment income | 518 | - | 942 | - | - | |||||||||
Expenses: | ||||||||||||||
Mortality, expense risk and | ||||||||||||||
other charges | 1,213 | - | 1,460 | - | 3 | |||||||||
Total expenses | 1,213 | - | 1,460 | - | 3 | |||||||||
Net investment income (loss) | (695) | - | (518) | - | (3) | |||||||||
Realized and unrealized gain (loss) |
||||||||||||||
on investments | ||||||||||||||
Net realized gain (loss) on investments | (6,680) | - | (3,980) | - | (19) | |||||||||
Capital gains distributions | - | - | - | - | 35 | |||||||||
Total realized gain (loss) on investments | ||||||||||||||
and capital gains distributions | (6,680) | - | (3,980) | - | 16 | |||||||||
Net unrealized appreciation | ||||||||||||||
(depreciation) of investments | 14,266 | - | 4,862 | - | (37) | |||||||||
Net realized and unrealized gain (loss) | ||||||||||||||
on investments | 7,586 | - | 882 | - | (21) | |||||||||
Net increase (decrease) in net assets | ||||||||||||||
resulting from operations | $ 6,891 | $ - | $ 364 | $ - | $ (24) |
The accompanying notes are an integral part of these financial statements.
82
VARIABLE ANNUITY ACCOUNT C OF
ING LIFE INSURANCE AND ANNUITY COMPANY
Statements of Operations
For the year ended December 31, 2007
(Dollars in thousands)
ING Van | ING Van | ING Van | ING Van | ING Van | ||||||||
Kampen | Kampen | Kampen Equity | Kampen Equity | Kampen Equity | ||||||||
Comstock | Comstock | and Income | and Income | and Income | ||||||||
Portfolio - | Portfolio - | Portfolio - | Portfolio - | Portfolio - | ||||||||
Adviser Class | Service Class | Adviser Class | Initial Class | Service Class | ||||||||
Net investment income (loss) | ||||||||||||
Income: | ||||||||||||
Dividends | $ 4 | $ 1,145 | $ 3 $ | 8,613 | $ 4 | |||||||
Total investment income | 4 | 1,145 | 3 | 8,613 | 4 | |||||||
Expenses: | ||||||||||||
Mortality, expense risk and | ||||||||||||
other charges | 1 | 1,015 | - | 3,666 | 1 | |||||||
Total expenses | 1 | 1,015 | - | 3,666 | 1 | |||||||
Net investment income (loss) | 3 | 130 | 3 | 4,947 | 3 | |||||||
Realized and unrealized gain (loss) |
||||||||||||
on investments | ||||||||||||
Net realized gain (loss) on investments | 9 | 3,958 | 1 | 11,965 | 2 | |||||||
Capital gains distributions | 9 | 2,539 | 4 | 9,719 | 4 | |||||||
Total realized gain (loss) on investments | ||||||||||||
and capital gains distributions | 18 | 6,497 | 5 | 21,684 | 6 | |||||||
Net unrealized appreciation | ||||||||||||
(depreciation) of investments | (42) | (9,132) | (4) | (16,807) | (8) | |||||||
Net realized and unrealized gain (loss) | ||||||||||||
on investments | (24) | (2,635) | 1 | 4,877 | (2) | |||||||
Net increase (decrease) in net assets | ||||||||||||
resulting from operations | $ (21) | $ (2,505) | $ 4 $ | 9,824 | $ 1 |
The accompanying notes are an integral part of these financial statements.
83
VARIABLE ANNUITY ACCOUNT C OF
ING LIFE INSURANCE AND ANNUITY COMPANY
Statements of Operations
For the year ended December 31, 2007
(Dollars in thousands)
ING VP | ING VP | ING VP | ||||||||
Strategic | Strategic | Strategic | ING VP | ING VP | ||||||
Allocation | Allocation | Allocation | Growth and | Growth and | ||||||
Conservative | Growth | Moderate | Income | Income | ||||||
Portfolio - | Portfolio - | Portfolio - | Portfolio - | Portfolio - | ||||||
Class I | Class I | Class I | Class A | Class I | ||||||
Net investment income (loss) | ||||||||||
Income: | ||||||||||
Dividends | $ 1,202 | $ 1,475 | $ 1,681 | $ 2 | $ 24,741 | |||||
Total investment income | 1,202 | 1,475 | 1,681 | 2 | 24,741 | |||||
Expenses: | ||||||||||
Mortality, expense risk and | ||||||||||
other charges | 386 | 926 | 777 | - | 20,944 | |||||
Total expenses | 386 | 926 | 777 | - | 20,944 | |||||
Net investment income (loss) | 816 | 549 | 904 | 2 | 3,797 | |||||
Realized and unrealized gain (loss) |
||||||||||
on investments | ||||||||||
Net realized gain (loss) on investments | 778 | 2,406 | 2,953 | - | (106,075) | |||||
Capital gains distributions | 906 | 4,930 | 2,812 | - | - | |||||
Total realized gain (loss) on investments | ||||||||||
and capital gains distributions | 1,684 | 7,336 | 5,765 | - | (106,075) | |||||
Net unrealized appreciation | ||||||||||
(depreciation) of investments | (754) | (4,560) | (3,399) | (1) | 217,416 | |||||
Net realized and unrealized gain (loss) | ||||||||||
on investments | 930 | 2,776 | 2,366 | (1) | 111,341 | |||||
Net increase (decrease) in net assets | ||||||||||
resulting from operations | $ 1,746 | $ 3,325 | $ 3,270 | $ 1 | $ 115,138 |
The accompanying notes are an integral part of these financial statements.
84
VARIABLE ANNUITY ACCOUNT C OF
ING LIFE INSURANCE AND ANNUITY COMPANY
Statements of Operations
For the year ended December 31, 2007
(Dollars in thousands)
ING VP | ||||||||||
Growth and | ||||||||||
Income | ING GET U.S. | ING GET U.S. | ING GET U.S. | ING GET U.S. | ||||||
Portfolio - | Core Portfolio - | Core Portfolio - | Core Portfolio - | Core Portfolio - | ||||||
Class S | Series 1 | Series 2 | Series 3 | Series 5 | ||||||
Net investment income (loss) | ||||||||||
Income: | ||||||||||
Dividends | $ 1 | $ 25 | $ 194 | $ 649 | $ 12 | |||||
Total investment income | 1 | 25 | 194 | 649 | 12 | |||||
Expenses: | ||||||||||
Mortality, expense risk and | ||||||||||
other charges | - | 12 | 81 | 357 | 12 | |||||
Total expenses | - | 12 | 81 | 357 | 12 | |||||
Net investment income (loss) | 1 | 13 | 113 | 292 | - | |||||
Realized and unrealized gain (loss) |
||||||||||
on investments | ||||||||||
Net realized gain (loss) on investments | - | 5 | 69 | 296 | 4 | |||||
Capital gains distributions | - | 17 | 54 | 9 | 30 | |||||
Total realized gain (loss) on investments | ||||||||||
and capital gains distributions | - | 22 | 123 | 305 | 34 | |||||
Net unrealized appreciation | ||||||||||
(depreciation) of investments | - | (8) | (14) | 326 | (30) | |||||
Net realized and unrealized gain (loss) | ||||||||||
on investments | - | 14 | 109 | 631 | 4 | |||||
Net increase (decrease) in net assets | ||||||||||
resulting from operations | $ 1 | $ 27 | $ 222 | $ 923 | $ 4 |
The accompanying notes are an integral part of these financial statements.
85
VARIABLE ANNUITY ACCOUNT C OF
ING LIFE INSURANCE AND ANNUITY COMPANY
Statements of Operations
For the year ended December 31, 2007
(Dollars in thousands)
ING GET U.S. | ING GET U.S. | ING GET U.S. | ING GET U.S. | ING GET U.S. | ||||||
Core Portfolio - | Core Portfolio - | Core Portfolio - | Core Portfolio - | Core Portfolio - | ||||||
Series 6 | Series 7 | Series 8 | Series 9 | Series 10 | ||||||
Net investment income (loss) | ||||||||||
Income: | ||||||||||
Dividends | $ 77 | $ 72 | $ 24 | $ 4 | $ 1 | |||||
Total investment income | 77 | 72 | 24 | 4 | 1 | |||||
Expenses: | ||||||||||
Mortality, expense risk and | ||||||||||
other charges | 58 | 43 | 20 | 3 | 1 | |||||
Total expenses | 58 | 43 | 20 | 3 | 1 | |||||
Net investment income (loss) | 19 | 29 | 4 | 1 | - | |||||
Realized and unrealized gain (loss) |
||||||||||
on investments | ||||||||||
Net realized gain (loss) on investments | 95 | 103 | 51 | 1 | - | |||||
Capital gains distributions | 170 | 93 | 46 | 4 | 2 | |||||
Total realized gain (loss) on investments | ||||||||||
and capital gains distributions | 265 | 196 | 97 | 5 | 2 | |||||
Net unrealized appreciation | ||||||||||
(depreciation) of investments | (239) | (169) | (84) | (3) | - | |||||
Net realized and unrealized gain (loss) | ||||||||||
on investments | 26 | 27 | 13 | 2 | 2 | |||||
Net increase (decrease) in net assets | ||||||||||
resulting from operations | $ 45 | $ 56 | $ 17 | $ 3 | $ 2 |
The accompanying notes are an integral part of these financial statements.
86
VARIABLE ANNUITY ACCOUNT C OF
ING LIFE INSURANCE AND ANNUITY COMPANY
Statements of Operations
For the year ended December 31, 2007
(Dollars in thousands)
ING VP Global | ||||||||||
Science and | ING VP | ING VP Index | ING VP Index | |||||||
ING GET U.S. | Technology | Growth | Plus LargeCap | Plus LargeCap | ||||||
Core Portfolio - | Portfolio - | Portfolio - | Portfolio - | Portfolio - | ||||||
Series 11 | Class I | Class I | Class I | Class S | ||||||
Net investment income (loss) | ||||||||||
Income: | ||||||||||
Dividends | $ 2 | $ - | $ 109 | $ 6,316 | $ - | |||||
Total investment income | 2 | - | 109 | 6,316 | - | |||||
Expenses: | ||||||||||
Mortality, expense risk and | ||||||||||
other charges | 1 | 385 | 650 | 5,290 | - | |||||
Total expenses | 1 | 385 | 650 | 5,290 | - | |||||
Net investment income (loss) | 1 | (385) | (541) | 1,026 | - | |||||
Realized and unrealized gain (loss) |
||||||||||
on investments | ||||||||||
Net realized gain (loss) on investments | - | 1,796 | (3,169) | (7,474) | (3) | |||||
Capital gains distributions | 1 | - | - | - | - | |||||
Total realized gain (loss) on investments | ||||||||||
and capital gains distributions | 1 | 1,796 | (3,169) | (7,474) | (3) | |||||
Net unrealized appreciation | ||||||||||
(depreciation) of investments | (2) | 4,645 | 13,275 | 27,106 | 2 | |||||
Net realized and unrealized gain (loss) | ||||||||||
on investments | (1) | 6,441 | 10,106 | 19,632 | (1) | |||||
Net increase (decrease) in net assets | ||||||||||
resulting from operations | $ - | $ 6,056 | $ 9,565 | $ 20,658 | $ (1) |
The accompanying notes are an integral part of these financial statements.
87
VARIABLE ANNUITY ACCOUNT C OF
ING LIFE INSURANCE AND ANNUITY COMPANY
Statements of Operations
For the year ended December 31, 2007
(Dollars in thousands)
ING VP | ||||||||||||||
ING VP Index | ING VP Index | ING VP Index | ING VP Index | International | ||||||||||
Plus MidCap | Plus MidCap | Plus SmallCap | Plus SmallCap | Equity | ||||||||||
Portfolio - | Portfolio - | Portfolio - | Portfolio - | Portfolio - | ||||||||||
Class I | Class S | Class I | Class S | Class I | ||||||||||
Net investment income (loss) | ||||||||||||||
Income: | ||||||||||||||
Dividends | $ 3,253 | $ 1 | $ 824 | $ - | $ 781 | |||||||||
Total investment income | 3,253 | 1 | 824 | - | 781 | |||||||||
Expenses: | ||||||||||||||
Mortality, expense risk and | ||||||||||||||
other charges | 4,181 | 1 | 1,768 | - | 194 | |||||||||
Total expenses | 4,181 | 1 | 1,768 | - | 194 | |||||||||
Net investment income (loss) | (928) | - | (944) | - | 587 | |||||||||
Realized and unrealized gain (loss) |
||||||||||||||
on investments | ||||||||||||||
Net realized gain (loss) on investments | 19,428 | - | 13,642 | (1) | 3,476 | |||||||||
Capital gains distributions | 31,302 | 9 | 18,256 | 6 | 2,076 | |||||||||
Total realized gain (loss) on investments | ||||||||||||||
and capital gains distributions | 50,730 | 9 | 31,898 | 5 | 5,552 | |||||||||
Net unrealized appreciation | ||||||||||||||
(depreciation) of investments | (29,602) | (15) | (42,343) | (13) | (4,879) | |||||||||
Net realized and unrealized gain (loss) | ||||||||||||||
on investments | 21,128 | (6) | (10,445) | (8) | 673 | |||||||||
Net increase (decrease) in net assets | ||||||||||||||
resulting from operations | $ 20,200 | $ (6) | $ (11,389) | $ (8) | $ 1,260 |
The accompanying notes are an integral part of these financial statements.
88
VARIABLE ANNUITY ACCOUNT C OF
ING LIFE INSURANCE AND ANNUITY COMPANY
Statements of Operations
For the year ended December 31, 2007
(Dollars in thousands)
ING VP | ING VP | |||||||||||||
International | ING VP Small | ING VP Small | ING VP Value | Financial | ||||||||||
Equity | Company | Company | Opportunity | Services | ||||||||||
Portfolio - | Portfolio - | Portfolio - | Portfolio - | Portfolio - | ||||||||||
Class S | Class I | Class S | Class I | Class I | ||||||||||
Net investment income (loss) | ||||||||||||||
Income: | ||||||||||||||
Dividends | $ 1 | $ 287 | $ - | $ 1,522 | $ 51 | |||||||||
Total investment income | 1 | 287 | - | 1,522 | 51 | |||||||||
Expenses: | ||||||||||||||
Mortality, expense risk and | ||||||||||||||
other charges | - | 1,558 | - | 932 | 32 | |||||||||
Total expenses | - | 1,558 | - | 932 | 32 | |||||||||
Net investment income (loss) | 1 | (1,271) | - | 590 | 19 | |||||||||
Realized and unrealized gain (loss) |
||||||||||||||
on investments | ||||||||||||||
Net realized gain (loss) on investments | (1) | 17,744 | - | 3,989 | 46 | |||||||||
Capital gains distributions | 5 | 23,429 | 2 | - | 158 | |||||||||
Total realized gain (loss) on investments | ||||||||||||||
and capital gains distributions | 4 | 41,173 | 2 | 3,989 | 204 | |||||||||
Net unrealized appreciation | ||||||||||||||
(depreciation) of investments | (2) | (31,382) | (3) | (2,489) | (574) | |||||||||
Net realized and unrealized gain (loss) | ||||||||||||||
on investments | 2 | 9,791 | (1) | 1,500 | (370) | |||||||||
Net increase (decrease) in net assets | ||||||||||||||
resulting from operations | $ 3 | $ 8,520 | $ (1) | $ 2,090 | $ (351) |
The accompanying notes are an integral part of these financial statements.
89
VARIABLE ANNUITY ACCOUNT C OF
ING LIFE INSURANCE AND ANNUITY COMPANY
Statements of Operations
For the year ended December 31, 2007
(Dollars in thousands)
ING VP | ING VP | |||||||||||
ING VP | ING VP | MidCap | MidCap | |||||||||
International | International | Opportunities | Opportunities | ING VP Real | ||||||||
Value Portfolio | Value Portfolio | Portfolio - | Portfolio - | Estate Portfolio | ||||||||
- Class I | - Class S | Class I | Class S | - Class I | ||||||||
Net investment income (loss) | ||||||||||||
Income: | ||||||||||||
Dividends | $ 2,506 | $ 4 | $ - | $ - | $ 1,887 | |||||||
Total investment income | 2,506 | 4 | - | - | 1,887 | |||||||
Expenses: | ||||||||||||
Mortality, expense risk and | ||||||||||||
other charges | 1,395 | 1 | 76 | - | 756 | |||||||
Total expenses | 1,395 | 1 | 76 | - | 756 | |||||||
Net investment income (loss) | 1,111 | 3 | (76) | - | 1,131 | |||||||
Realized and unrealized gain (loss) |
||||||||||||
on investments | ||||||||||||
Net realized gain (loss) on investments | 4,454 | 3 | 552 | - | 10,824 | |||||||
Capital gains distributions | 23,601 | 51 | - | - | 2,568 | |||||||
Total realized gain (loss) on investments | ||||||||||||
and capital gains distributions | 28,055 | 54 | 552 | - | 13,392 | |||||||
Net unrealized appreciation | ||||||||||||
(depreciation) of investments | (13,036) | (32) | 1,043 | 7 | (26,636) | |||||||
Net realized and unrealized gain (loss) | ||||||||||||
on investments | 15,019 | 22 | 1,595 | 7 | (13,244) | |||||||
Net increase (decrease) in net assets | ||||||||||||
resulting from operations | $ 16,130 | $ 25 | $ 1,519 | $ 7 | $ (12,113) |
The accompanying notes are an integral part of these financial statements.
90
VARIABLE ANNUITY ACCOUNT C OF
ING LIFE INSURANCE AND ANNUITY COMPANY
Statements of Operations
For the year ended December 31, 2007
(Dollars in thousands)
ING VP | ING VP | |||||||||||||
SmallCap | SmallCap | ING VP | ING VP | ING VP | ||||||||||
Opportunities | Opportunities | Balanced | Intermediate | Intermediate | ||||||||||
Portfolio - | Portfolio - | Portfolio - | Bond Portfolio | Bond Portfolio | ||||||||||
Class I | Class S | Class I | - Class I | - Class S | ||||||||||
Net investment income (loss) | ||||||||||||||
Income: | ||||||||||||||
Dividends | $ - | $ - | $ 14,981 | $ 15,632 | $ 9 | |||||||||
Total investment income | - | - | 14,981 | 15,632 | 9 | |||||||||
Expenses: | ||||||||||||||
Mortality, expense risk and | ||||||||||||||
other charges | 95 | - | 6,165 | 4,271 | - | |||||||||
Total expenses | 95 | - | 6,165 | 4,271 | - | |||||||||
Net investment income (loss) | (95) | - | 8,816 | 11,361 | 9 | |||||||||
Realized and unrealized gain (loss) |
||||||||||||||
on investments | ||||||||||||||
Net realized gain (loss) on investments | 797 | 1 | (6,445) | 185 | 2 | |||||||||
Capital gains distributions | - | - | 22,165 | - | - | |||||||||
Total realized gain (loss) on investments | ||||||||||||||
and capital gains distributions | 797 | 1 | 15,720 | 185 | 2 | |||||||||
Net unrealized appreciation | ||||||||||||||
(depreciation) of investments | 155 | - | 253 | 8,421 | (1) | |||||||||
Net realized and unrealized gain (loss) | ||||||||||||||
on investments | 952 | 1 | 15,973 | 8,606 | 1 | |||||||||
Net increase (decrease) in net assets | ||||||||||||||
resulting from operations | $ 857 | $ 1 | $ 24,789 | $ 19,967 | $ 10 |
The accompanying notes are an integral part of these financial statements.
91
VARIABLE ANNUITY ACCOUNT C OF
ING LIFE INSURANCE AND ANNUITY COMPANY
Statements of Operations
For the year ended December 31, 2007
(Dollars in thousands)
Janus Aspen | Janus Aspen | |||||||||
ING VP Money | ING VP | Series Balanced | Series Flexible | |||||||
Market | Natural | Janus Adviser | Portfolio - | Bond Portfolio | ||||||
Portfolio - | Resources | Balanced Fund | Institutional | - Institutional | ||||||
Class I | Trust | - Class S | Shares | Shares | ||||||
Net investment income (loss) | ||||||||||
Income: | ||||||||||
Dividends | $ 15,976 | $ 124 | $ - | $ 10 | $ 5 | |||||
Total investment income | 15,976 | 124 | - | 10 | 5 | |||||
Expenses: | ||||||||||
Mortality, expense risk and | ||||||||||
other charges | 3,480 | 24 | - | 5 | 1 | |||||
Total expenses | 3,480 | 24 | - | 5 | 1 | |||||
Net investment income (loss) | 12,496 | 100 | - | 5 | 4 | |||||
Realized and unrealized gain (loss) |
||||||||||
on investments | ||||||||||
Net realized gain (loss) on investments | 2,597 | (9,495) | - | 30 | (3) | |||||
Capital gains distributions | - | 13,072 | - | - | - | |||||
Total realized gain (loss) on investments | ||||||||||
and capital gains distributions | 2,597 | 3,577 | - | 30 | (3) | |||||
Net unrealized appreciation | ||||||||||
(depreciation) of investments | 4,291 | (7,706) | - | - | 5 | |||||
Net realized and unrealized gain (loss) | ||||||||||
on investments | 6,888 | (4,129) | - | 30 | 2 | |||||
Net increase (decrease) in net assets | ||||||||||
resulting from operations | $ 19,384 | $ (4,029) | $ - | $ 35 | $ 6 |
The accompanying notes are an integral part of these financial statements.
92
VARIABLE ANNUITY ACCOUNT C OF
ING LIFE INSURANCE AND ANNUITY COMPANY
Statements of Operations
For the year ended December 31, 2007
(Dollars in thousands)
Janus Aspen | ||||||||||||||
Janus Aspen | Janus Aspen | Series | ||||||||||||
Series Large | Series Mid Cap | Worldwide | ||||||||||||
Cap Growth | Growth | Growth | Legg Mason | |||||||||||
Portfolio - | Portfolio - | Portfolio - | Lazard Mid | Value Trust, | ||||||||||
Institutional | Institutional | Institutional | Cap Portfolio - | Inc. - Primary | ||||||||||
Shares | Shares | Shares | Open Shares | Class | ||||||||||
Net investment income (loss) | ||||||||||||||
Income: | ||||||||||||||
Dividends | $ 1 | $ 1 | $ 3 | $ 2 | $ 27 | |||||||||
Total investment income | 1 | 1 | 3 | 2 | 27 | |||||||||
Expenses: | ||||||||||||||
Mortality, expense risk and | ||||||||||||||
other charges | 2 | 6 | 4 | 1 | 10 | |||||||||
Total expenses | 2 | 6 | 4 | 1 | 10 | |||||||||
Net investment income (loss) | (1) | (5) | (1) | 1 | 17 | |||||||||
Realized and unrealized gain (loss) |
||||||||||||||
on investments | ||||||||||||||
Net realized gain (loss) on investments | 13 | 76 | 27 | (15) | 192 | |||||||||
Capital gains distributions | - | 3 | - | 33 | - | |||||||||
Total realized gain (loss) on investments | ||||||||||||||
and capital gains distributions | 13 | 79 | 27 | 18 | 192 | |||||||||
Net unrealized appreciation | ||||||||||||||
(depreciation) of investments | 7 | 19 | 4 | (61) | (210) | |||||||||
Net realized and unrealized gain (loss) | ||||||||||||||
on investments | 20 | 98 | 31 | (43) | (18) | |||||||||
Net increase (decrease) in net assets | ||||||||||||||
resulting from operations | $ 19 | $ 93 | $ 30 | $ (42) | $ (1) |
The accompanying notes are an integral part of these financial statements.
93
VARIABLE ANNUITY ACCOUNT C OF
ING LIFE INSURANCE AND ANNUITY COMPANY
Statements of Operations
For the year ended December 31, 2007
(Dollars in thousands)
Lord Abbett | ||||||||||||
Series Fund - | ||||||||||||
Lord Abbett | Lord Abbett | Growth and | ||||||||||
LKCM | Lord Abbett | Mid-Cap Value | Small-Cap | Income | ||||||||
Aquinas | Affiliated Fund | Fund, Inc. - | Value Fund - | Portfolio - | ||||||||
Growth Fund | - Class A | Class A | Class A | Class VC | ||||||||
Net investment income (loss) | ||||||||||||
Income: | ||||||||||||
Dividends | $ - | $ 7 | $ 6 | $ 2 | $ - | |||||||
Total investment income | - | 7 | 6 | 2 | - | |||||||
Expenses: | ||||||||||||
Mortality, expense risk and | ||||||||||||
other charges | 2 | 8 | 13 | 16 | 832 | |||||||
Total expenses | 2 | 8 | 13 | 16 | 832 | |||||||
Net investment income (loss) | (2) | (1) | (7) | (14) | (832) | |||||||
Realized and unrealized gain (loss) |
||||||||||||
on investments | ||||||||||||
Net realized gain (loss) on investments | 3 | 65 | 4 | 16 | 24,333 | |||||||
Capital gains distributions | 14 | - | 217 | 242 | - | |||||||
Total realized gain (loss) on investments | ||||||||||||
and capital gains distributions | 17 | 65 | 221 | 258 | 24,333 | |||||||
Net unrealized appreciation | ||||||||||||
(depreciation) of investments | 8 | (52) | (229) | (112) | (21,780) | |||||||
Net realized and unrealized gain (loss) | ||||||||||||
on investments | 25 | 13 | (8) | 146 | 2,553 | |||||||
Net increase (decrease) in net assets | ||||||||||||
resulting from operations | $ 23 | $ 12 | $ (15) | $ 132 | $ 1,721 |
The accompanying notes are an integral part of these financial statements.
94
VARIABLE ANNUITY ACCOUNT C OF
ING LIFE INSURANCE AND ANNUITY COMPANY
Statements of Operations
For the year ended December 31, 2007
(Dollars in thousands)
Neuberger | ||||||||||||||
Lord Abbett | Berman | |||||||||||||
Series Fund - | Massachusetts | Socially | ||||||||||||
Mid-Cap Value | Investors | MFS® Total | Moderate | Responsive | ||||||||||
Portfolio - | Growth Stock | Return Series - | Allocation | Fund® - Trust | ||||||||||
Class VC | Fund - Class A | Initial Class | Portfolio | Class | ||||||||||
Net investment income (loss) | ||||||||||||||
Income: | ||||||||||||||
Dividends | $ 670 | $ 3 | $ 2,114 | $ - | $ 10 | |||||||||
Total investment income | 670 | 3 | 2,114 | - | 10 | |||||||||
Expenses: | ||||||||||||||
Mortality, expense risk and | ||||||||||||||
other charges | 1,671 | 6 | 498 | - | 13 | |||||||||
Total expenses | 1,671 | 6 | 498 | - | 13 | |||||||||
Net investment income (loss) | (1,001) | (3) | 1,616 | - | (3) | |||||||||
Realized and unrealized gain (loss) |
||||||||||||||
on investments | ||||||||||||||
Net realized gain (loss) on investments | 5,448 | 7 | 8,623 | 1 | 25 | |||||||||
Capital gains distributions | 19,684 | - | 2,021 | 1 | 60 | |||||||||
Total realized gain (loss) on investments | ||||||||||||||
and capital gains distributions | 25,132 | 7 | 10,644 | 2 | 85 | |||||||||
Net unrealized appreciation | ||||||||||||||
(depreciation) of investments | (24,441) | 62 | (10,212) | - | (43) | |||||||||
Net realized and unrealized gain (loss) | ||||||||||||||
on investments | 691 | 69 | 432 | 2 | 42 | |||||||||
Net increase (decrease) in net assets | ||||||||||||||
resulting from operations | $ (310) | $ 66 | $ 2,048 | $ 2 | $ 39 |
The accompanying notes are an integral part of these financial statements.
95
VARIABLE ANNUITY ACCOUNT C OF
ING LIFE INSURANCE AND ANNUITY COMPANY
Statements of Operations
For the year ended December 31, 2007
(Dollars in thousands)
New | New | Oppenheimer | Oppenheimer | |||||||||||||
Perspective | Perspective | Capital | Developing | Oppenheimer | ||||||||||||
Fund®, Inc. - | Fund®, Inc. - | Appreciation | Markets Fund - | Global Fund - | ||||||||||||
Class R-3 | Class R-4 | Fund - Class A | Class A | Class A | ||||||||||||
Net investment income (loss) | ||||||||||||||||
Income: | ||||||||||||||||
Dividends | $ 64 | $ 737 | $ - | $ 1,893 | $ - | |||||||||||
Total investment income | 64 | 737 | - | 1,893 | - | |||||||||||
Expenses: | ||||||||||||||||
Mortality, expense risk and | ||||||||||||||||
other charges | 9 | 340 | 5 | 2,052 | 1 | |||||||||||
Total expenses | 9 | 340 | 5 | 2,052 | 1 | |||||||||||
Net investment income (loss) | 55 | 397 | (5) | (159) | (1) | |||||||||||
Realized and unrealized gain (loss) |
||||||||||||||||
on investments | ||||||||||||||||
Net realized gain (loss) on investments | 162 | 847 | 6 | 12,992 | 15 | |||||||||||
Capital gains distributions | 256 | 2,538 | 12 | 26,249 | - | |||||||||||
Total realized gain (loss) on investments | ||||||||||||||||
and capital gains distributions | 418 | 3,385 | 18 | 39,241 | 15 | |||||||||||
Net unrealized appreciation | ||||||||||||||||
(depreciation) of investments | 96 | 830 | 45 | 15,075 | (7) | |||||||||||
Net realized and unrealized gain (loss) | ||||||||||||||||
on investments | 514 | 4,215 | 63 | 54,316 | 8 | |||||||||||
Net increase (decrease) in net assets | ||||||||||||||||
resulting from operations | $ 569 | $ 4,612 | $ 58 | $ 54,157 | $ 7 |
The accompanying notes are an integral part of these financial statements.
96
VARIABLE ANNUITY ACCOUNT C OF
ING LIFE INSURANCE AND ANNUITY COMPANY
Statements of Operations
For the year ended December 31, 2007
(Dollars in thousands)
Oppenheimer | Oppenheimer | |||||||||||||
Main Street | Oppenheimer | Oppenheimer | Main Street | Oppenheimer | ||||||||||
Fund® - Class | Global | Main Street | Small Cap | Mid Cap | ||||||||||
A | Securities/VA | Fund®/VA | Fund®/VA | Fund/VA | ||||||||||
Net investment income (loss) | ||||||||||||||
Income: | ||||||||||||||
Dividends | $ - | $ 10 | $ 1 | $ 18 | $ - | |||||||||
Total investment income | - | 10 | 1 | 18 | - | |||||||||
Expenses: | ||||||||||||||
Mortality, expense risk and | ||||||||||||||
other charges | 1 | 8 | 2 | 72 | - | |||||||||
Total expenses | 1 | 8 | 2 | 72 | - | |||||||||
Net investment income (loss) | (1) | 2 | (1) | (54) | - | |||||||||
Realized and unrealized gain (loss) |
||||||||||||||
on investments | ||||||||||||||
Net realized gain (loss) on investments | 14 | 64 | 5 | 55 | - | |||||||||
Capital gains distributions | - | 37 | - | 187 | - | |||||||||
Total realized gain (loss) on investments | ||||||||||||||
and capital gains distributions | 14 | 101 | 5 | 242 | - | |||||||||
Net unrealized appreciation | ||||||||||||||
(depreciation) of investments | (5) | (60) | - | (481) | (1) | |||||||||
Net realized and unrealized gain (loss) | ||||||||||||||
on investments | 9 | 41 | 5 | (239) | (1) | |||||||||
Net increase (decrease) in net assets | ||||||||||||||
resulting from operations | $ 8 | $ 43 | $ 4 | $ (293) | $ (1) |
The accompanying notes are an integral part of these financial statements.
97
VARIABLE ANNUITY ACCOUNT C OF
ING LIFE INSURANCE AND ANNUITY COMPANY
Statements of Operations
For the year ended December 31, 2007
(Dollars in thousands)
PIMCO Real | ||||||||||
Return | ||||||||||
Oppenheimer | Portfolio - | Pioneer High | ||||||||
Strategic Bond | Pax World | Administrative | Pioneer Fund - | Yield Fund - | ||||||
Fund/VA | Balanced Fund | Class | Class A | Class A | ||||||
Net investment income (loss) | ||||||||||
Income: | ||||||||||
Dividends | $ 5 | $ 978 | $ 1,314 | $ - | $ 129 | |||||
Total investment income | 5 | 978 | 1,314 | - | 129 | |||||
Expenses: | ||||||||||
Mortality, expense risk and | ||||||||||
other charges | 1 | 567 | 280 | - | 19 | |||||
Total expenses | 1 | 567 | 280 | - | 19 | |||||
Net investment income (loss) | 4 | 411 | 1,034 | - | 110 | |||||
Realized and unrealized gain (loss) |
||||||||||
on investments | ||||||||||
Net realized gain (loss) on investments | 4 | 635 | (607) | 3 | (8) | |||||
Capital gains distributions | - | 2,392 | 75 | - | 173 | |||||
Total realized gain (loss) on investments | ||||||||||
and capital gains distributions | 4 | 3,027 | (532) | 3 | 165 | |||||
Net unrealized appreciation | ||||||||||
(depreciation) of investments | 3 | 830 | 2,140 | (2) | (148) | |||||
Net realized and unrealized gain (loss) | ||||||||||
on investments | 7 | 3,857 | 1,608 | 1 | 17 | |||||
Net increase (decrease) in net assets | ||||||||||
resulting from operations | $ 11 | $ 4,268 | $ 2,642 | $ 1 | $ 127 |
The accompanying notes are an integral part of these financial statements.
98
VARIABLE ANNUITY ACCOUNT C OF
ING LIFE INSURANCE AND ANNUITY COMPANY
Statements of Operations
For the year ended December 31, 2007
(Dollars in thousands)
Pioneer | ||||||||||
Emerging | Pioneer Equity | Pioneer High | Pioneer Mid | |||||||
Markets VCT | Income VCT | Pioneer Fund | Yield VCT | Cap Value VCT | ||||||
Portfolio - | Portfolio - | VCT Portfolio - | Portfolio - | Portfolio - | ||||||
Class I | Class I | Class I | Class I | Class I | ||||||
Net investment income (loss) | ||||||||||
Income: | ||||||||||
Dividends | $ 10 | $ 1,776 | $ 68 | $ 878 | $ 695 | |||||
Total investment income | 10 | 1,776 | 68 | 878 | 695 | |||||
Expenses: | ||||||||||
Mortality, expense risk and | ||||||||||
other charges | 87 | 864 | 54 | 187 | 519 | |||||
Total expenses | 87 | 864 | 54 | 187 | 519 | |||||
Net investment income (loss) | (77) | 912 | 14 | 691 | 176 | |||||
Realized and unrealized gain (loss) |
||||||||||
on investments | ||||||||||
Net realized gain (loss) on investments | (69) | 12,927 | 1,569 | (41) | (9,513) | |||||
Capital gains distributions | 196 | 5,063 | - | 16 | 9,279 | |||||
Total realized gain (loss) on investments | ||||||||||
and capital gains distributions | 127 | 17,990 | 1,569 | (25) | (234) | |||||
Net unrealized appreciation | ||||||||||
(depreciation) of investments | 1,639 | (17,177) | (1,170) | (53) | 5,905 | |||||
Net realized and unrealized gain (loss) | ||||||||||
on investments | 1,766 | 813 | 399 | (78) | 5,671 | |||||
Net increase (decrease) in net assets | ||||||||||
resulting from operations | $ 1,689 | $ 1,725 | $ 413 | $ 613 | $ 5,847 |
The accompanying notes are an integral part of these financial statements.
99
VARIABLE ANNUITY ACCOUNT C OF
ING LIFE INSURANCE AND ANNUITY COMPANY
Statements of Operations
For the year ended December 31, 2007
(Dollars in thousands)
Premier VIT | T. Rowe Price | T. Rowe Price | Templeton | Templeton | ||||||
OpCap Mid | Mid-Cap Value | Value Fund - | Foreign Fund - | Growth Fund, | ||||||
Cap Portfolio | Fund - R Class | Advisor Class | Class A | Inc. - Class A | ||||||
Net investment income (loss) | ||||||||||
Income: | ||||||||||
Dividends | $ - | $ 18 | $ 1 | $ 21 | $ - | |||||
Total investment income | - | 18 | 1 | 21 | - | |||||
Expenses: | ||||||||||
Mortality, expense risk and | ||||||||||
other charges | 1 | 8 | - | 11 | 6 | |||||
Total expenses | 1 | 8 | - | 11 | 6 | |||||
Net investment income (loss) | (1) | 10 | 1 | 10 | (6) | |||||
Realized and unrealized gain (loss) |
||||||||||
on investments | ||||||||||
Net realized gain (loss) on investments | (3) | 27 | - | 27 | 60 | |||||
Capital gains distributions | - | 110 | 2 | 289 | - | |||||
Total realized gain (loss) on investments | ||||||||||
and capital gains distributions | (3) | 137 | 2 | 316 | 60 | |||||
Net unrealized appreciation | ||||||||||
(depreciation) of investments | (5) | (155) | (4) | (160) | (56) | |||||
Net realized and unrealized gain (loss) | ||||||||||
on investments | (8) | (18) | (2) | 156 | 4 | |||||
Net increase (decrease) in net assets | ||||||||||
resulting from operations | $ (9) | $ (8) | $ (1) | $ 166 | $ (2) |
The accompanying notes are an integral part of these financial statements.
100
VARIABLE ANNUITY ACCOUNT C OF
ING LIFE INSURANCE AND ANNUITY COMPANY
Statements of Operations
For the year ended December 31, 2007
(Dollars in thousands)
The Growth | The Growth | The Income | ||||||||
Templeton | Fund of | Fund of | Fund of | UBS U.S. Small | ||||||
Global Bond | America® - | America® - | America® - | Cap Growth | ||||||
Fund - Class A | Class R-3 | Class R-4 | Class R-3 | Fund - Class A | ||||||
Net investment income (loss) | ||||||||||
Income: | ||||||||||
Dividends | $ 3,974 | $ 93 | $ 2,405 | $ 45 | $ - | |||||
Total investment income | 3,974 | 93 | 2,405 | 45 | - | |||||
Expenses: | ||||||||||
Mortality, expense risk and | ||||||||||
other charges | 539 | 76 | 2,227 | 11 | 2 | |||||
Total expenses | 539 | 76 | 2,227 | 11 | 2 | |||||
Net investment income (loss) | 3,435 | 17 | 178 | 34 | (2) | |||||
Realized and unrealized gain (loss) |
||||||||||
on investments | ||||||||||
Net realized gain (loss) on investments | 58 | 166 | 3,704 | 17 | 22 | |||||
Capital gains distributions | 65 | 718 | 14,087 | 79 | - | |||||
Total realized gain (loss) on investments | ||||||||||
and capital gains distributions | 123 | 884 | 17,791 | 96 | 22 | |||||
Net unrealized appreciation | ||||||||||
(depreciation) of investments | 1,205 | (45) | 2,330 | (114) | (9) | |||||
Net realized and unrealized gain (loss) | ||||||||||
on investments | 1,328 | 839 | 20,121 | (18) | 13 | |||||
Net increase (decrease) in net assets | ||||||||||
resulting from operations | $ 4,763 | $ 856 | $ 20,299 | $ 16 | $ 11 |
The accompanying notes are an integral part of these financial statements.
101
VARIABLE ANNUITY ACCOUNT C OF
ING LIFE INSURANCE AND ANNUITY COMPANY
Statements of Operations
For the year ended December 31, 2007
(Dollars in thousands)
Small Company | Wanger | |||||||||
Diversified | Equity Income | Growth | International | |||||||
Value Portfolio | Portfolio | Portfolio | Small Cap | Wanger Select | ||||||
Net investment income (loss) | ||||||||||
Income: | ||||||||||
Dividends | $ 2 | $ 6 | $ - | $ - | $ - | |||||
Total investment income | 2 | 6 | - | - | - | |||||
Expenses: | ||||||||||
Mortality, expense risk and | ||||||||||
other charges | 1 | 3 | 1 | 24 | 497 | |||||
Total expenses | 1 | 3 | 1 | 24 | 497 | |||||
Net investment income (loss) | 1 | 3 | (1) | (24) | (497) | |||||
Realized and unrealized gain (loss) |
||||||||||
on investments | ||||||||||
Net realized gain (loss) on investments | 1 | 3 | - | 39 | 728 | |||||
Capital gains distributions | 3 | 16 | 2 | - | 638 | |||||
Total realized gain (loss) on investments | ||||||||||
and capital gains distributions | 4 | 19 | 2 | 39 | 1,366 | |||||
Net unrealized appreciation | ||||||||||
(depreciation) of investments | (2) | (15) | (3) | (156) | 735 | |||||
Net realized and unrealized gain (loss) | ||||||||||
on investments | 2 | 4 | (1) | (117) | 2,101 | |||||
Net increase (decrease) in net assets | ||||||||||
resulting from operations | $ 3 | $ 7 | $ (2) | $ (141) | $ 1,604 |
The accompanying notes are an integral part of these financial statements.
102
VARIABLE ANNUITY ACCOUNT C OF
ING LIFE INSURANCE AND ANNUITY COMPANY
Statements of Operations
For the year ended December 31, 2007
(Dollars in thousands)
Washington | Washington | Wells Fargo | ||||||
Mutual | Mutual | Advantage | ||||||
Wanger U.S. | Investors | Investors | Small Cap | |||||
Smaller | FundSM, Inc. - | FundSM, Inc. - | Value Fund - | |||||
Companies | Class R-3 | Class R-4 | Class A | |||||
Net investment income (loss) | ||||||||
Income: | ||||||||
Dividends | $ - | $ 80 | $ 1,766 | $ - | ||||
Total investment income | - | 80 | 1,766 | - | ||||
Expenses: | ||||||||
Mortality, expense risk and | ||||||||
other charges | 197 | 36 | 955 | - | ||||
Total expenses | 197 | 36 | 955 | - | ||||
Net investment income (loss) | (197) | 44 | 811 | - | ||||
Realized and unrealized gain (loss) |
||||||||
on investments | ||||||||
Net realized gain (loss) on investments | 428 | 102 | 2,549 | - | ||||
Capital gains distributions | 923 | 288 | 4,959 | 7 | ||||
Total realized gain (loss) on investments | ||||||||
and capital gains distributions | 1,351 | 390 | 7,508 | 7 | ||||
Net unrealized appreciation | ||||||||
(depreciation) of investments | (498) | (338) | (5,611) | (5) | ||||
Net realized and unrealized gain (loss) | ||||||||
on investments | 853 | 52 | 1,897 | 2 | ||||
Net increase (decrease) in net assets | ||||||||
resulting from operations | $ 656 | $ 96 | $ 2,708 | $ 2 |
The accompanying notes are an integral part of these financial statements.
103
VARIABLE ANNUITY ACCOUNT C OF
ING LIFE INSURANCE AND ANNUITY COMPANY
Statements of Changes in Net Assets
For the years ended December 31, 2007 and 2006
(Dollars in thousands)
AIM V.I. | ||||||||
AIM Global | Capital | |||||||
AIM Mid Cap | AIM Small Cap | Health Care | Appreciation | |||||
Core Equity | Growth Fund - | Fund - Investor | Fund - Series I | |||||
Fund - Class A | Class A | Class | Shares | |||||
Net assets at January 1, 2006 | $ 188 | $ 8 | $ 68 | $ 19,374 | ||||
Increase (decrease) in net assets from operations |
||||||||
Operations: | ||||||||
Net investment income (loss) | 1 | - | (1) | (292) | ||||
Total realized gain (loss) on investments and capital gains | ||||||||
distributions | 42 | 1 | 13 | 554 | ||||
Net unrealized appreciation (depreciation) during the year | (23) | - | (10) | 409 | ||||
Net increase (decrease) in net assets from operations | 20 | 1 | 2 | 671 | ||||
Changes from contract transactions: | ||||||||
Total unit transactions | 26 | 8 | 44 | 12,951 | ||||
Net increase (decrease) in assets derived from | ||||||||
principal transactions | 26 | 8 | 44 | 12,951 | ||||
Total increase (decrease) in net assets | 46 | 9 | 46 | 13,622 | ||||
Net assets at December 31, 2006 | 234 | 17 | 114 | 32,996 | ||||
Increase (decrease) in net assets from operations |
||||||||
Operations: | ||||||||
Net investment income (loss) | 1 | - | (2) | (363) | ||||
Total realized gain (loss) on investments and capital gains | ||||||||
distributions | 44 | 5 | 13 | 1,891 | ||||
Net unrealized appreciation (depreciation) during the year | (23) | (3) | - | 1,877 | ||||
Net increase (decrease) in net assets from operations | 22 | 2 | 11 | 3,405 | ||||
Changes from contract transactions: | ||||||||
Total unit transactions | 14 | 15 | 19 | (2,945) | ||||
Net increase (decrease) in assets derived from | ||||||||
principal transactions | 14 | 15 | 19 | (2,945) | ||||
Total increase (decrease) in net assets | 36 | 17 | 30 | 460 | ||||
Net assets at December 31, 2007 | $ 270 | $ 34 | $ 144 | $ 33,456 |
The accompanying notes are an integral part of these financial statements.
104
VARIABLE ANNUITY ACCOUNT C OF
ING LIFE INSURANCE AND ANNUITY COMPANY
Statements of Changes in Net Assets
For the years ended December 31, 2007 and 2006
(Dollars in thousands)
AllianceBernstein | AllianceBernstein | |||||||||
AIM V.I. Core | Growth and | Growth and | Allianz NFJ | |||||||
Equity Fund - | Income Fund, Inc. | Income Portfolio - | Small-Cap | |||||||
Series I Shares | - Class A | Class A | Value - Class A | |||||||
Net assets at January 1, 2006 | $ 31,783 | $ 42 | $ 260 | $ 398 | ||||||
Increase (decrease) in net assets from operations |
||||||||||
Operations: | ||||||||||
Net investment income (loss) | (190) | - | 2 | 4 | ||||||
Total realized gain (loss) on investments and capital gains | ||||||||||
distributions | (663) | 2 | 29 | 46 | ||||||
Net unrealized appreciation (depreciation) during the year | 6,785 | 4 | 43 | 19 | ||||||
Net increase (decrease) in net assets from operations | 5,932 | 6 | 74 | 69 | ||||||
Changes from contract transactions: | ||||||||||
Total unit transactions | 12,004 | 17 | 223 | 10 | ||||||
Net increase (decrease) in assets derived from | ||||||||||
principal transactions | 12,004 | 17 | 223 | 10 | ||||||
Total increase (decrease) in net assets | 17,936 | 23 | 297 | 79 | ||||||
Net assets at December 31, 2006 | 49,719 | 65 | 557 | 477 | ||||||
Increase (decrease) in net assets from operations |
||||||||||
Operations: | ||||||||||
Net investment income (loss) | 13 | - | 2 | 4 | ||||||
Total realized gain (loss) on investments and capital gains | ||||||||||
distributions | 1,463 | 11 | 51 | 62 | ||||||
Net unrealized appreciation (depreciation) during the year | 1,934 | (9) | (28) | (42) | ||||||
Net increase (decrease) in net assets from operations | 3,410 | 2 | 25 | 24 | ||||||
Changes from contract transactions: | ||||||||||
Total unit transactions | (4,904) | 53 | 63 | (47) | ||||||
Net increase (decrease) in assets derived from | ||||||||||
principal transactions | (4,904) | 53 | 63 | (47) | ||||||
Total increase (decrease) in net assets | (1,494) | 55 | 88 | (23) | ||||||
Net assets at December 31, 2007 | $ 48,225 | $ 120 | $ 645 | $ 454 |
The accompanying notes are an integral part of these financial statements.
105
VARIABLE ANNUITY ACCOUNT C OF
ING LIFE INSURANCE AND ANNUITY COMPANY
Statements of Changes in Net Assets
For the years ended December 31, 2007 and 2006
(Dollars in thousands)
American | ||||||||||
American | Century | |||||||||
Balanced | Income & | Ariel | ||||||||
Fund® - Class | Growth Fund - | Appreciation | ||||||||
R-3 | A Class | Fund | Ariel Fund | |||||||
Net assets at January 1, 2006 | $ 3,656 | $ 5,629 | $ 394 | $ 537 | ||||||
Increase (decrease) in net assets from operations |
||||||||||
Operations: | ||||||||||
Net investment income (loss) | 58 | 35 | (6) | (8) | ||||||
Total realized gain (loss) on investments and capital gains | ||||||||||
distributions | 116 | 529 | 44 | 40 | ||||||
Net unrealized appreciation (depreciation) during the year | 256 | 276 | 17 | 18 | ||||||
Net increase (decrease) in net assets from operations | 430 | 840 | 55 | 50 | ||||||
Changes from contract transactions: | ||||||||||
Total unit transactions | 928 | (479) | 180 | 73 | ||||||
Net increase (decrease) in assets derived from | ||||||||||
principal transactions | 928 | (479) | 180 | 73 | ||||||
Total increase (decrease) in net assets | 1,358 | 361 | 235 | 123 | ||||||
Net assets at December 31, 2006 | 5,014 | 5,990 | 629 | 660 | ||||||
I ncrease (decrease) in net assets from operations |
||||||||||
Operations: | ||||||||||
Net investment income (loss) | 91 | 13 | (4) | (7) | ||||||
Total realized gain (loss) on investments and capital gains | ||||||||||
distributions | 206 | 950 | 69 | 72 | ||||||
Net unrealized appreciation (depreciation) during the year | (7) | (1,042) | (83) | (101) | ||||||
Net increase (decrease) in net assets from operations | 290 | (79) | (18) | (36) | ||||||
Changes from contract transactions: | ||||||||||
Total unit transactions | 1,057 | (314) | (33) | 214 | ||||||
Net increase (decrease) in assets derived from | ||||||||||
principal transactions | 1,057 | (314) | (33) | 214 | ||||||
Total increase (decrease) in net assets | 1,347 | (393) | (51) | 178 | ||||||
Net assets at December 31, 2007 | $ 6,361 | $ 5,597 | $ 578 | $ 838 |
The accompanying notes are an integral part of these financial statements.
106
VARIABLE ANNUITY ACCOUNT C OF
ING LIFE INSURANCE AND ANNUITY COMPANY
Statements of Changes in Net Assets
For the years ended December 31, 2007 and 2006
(Dollars in thousands)
Capital One | ||||||||
Calvert Social | Mid Cap | |||||||
Baron Asset | Baron Growth | Balanced | Equity Fund - | |||||
Fund | Fund | Portfolio | Class A | |||||
Net assets at January 1, 2006 | $ 403 | $ 1,034 | $ 66,533 | $ 125 | ||||
Increase (decrease) in net assets from operations |
||||||||
Operations: | ||||||||
Net investment income (loss) | (7) | (13) | 810 | (1) | ||||
Total realized gain (loss) on investments and capital gains | ||||||||
distributions | 71 | 96 | 410 | 12 | ||||
Net unrealized appreciation (depreciation) during the year | 24 | 81 | 3,669 | - | ||||
Net increase (decrease) in net assets from operations | 88 | 164 | 4,889 | 11 | ||||
Changes from contract transactions: | ||||||||
Total unit transactions | 538 | 236 | (6,025) | (40) | ||||
Net increase (decrease) in assets derived from | ||||||||
principal transactions | 538 | 236 | (6,025) | (40) | ||||
Total increase (decrease) in net assets | 626 | 400 | (1,136) | (29) | ||||
Net assets at December 31, 2006 | 1,029 | 1,434 | 65,397 | 96 | ||||
Increase (decrease) in net assets from operations |
||||||||
Operations: | ||||||||
Net investment income (loss) | (8) | (9) | 801 | (1) | ||||
Total realized gain (loss) on investments and capital gains | ||||||||
distributions | 86 | 153 | 2,760 | 14 | ||||
Net unrealized appreciation (depreciation) during the year | (45) | (105) | (2,483) | (12) | ||||
Net increase (decrease) in net assets from operations | 33 | 39 | 1,078 | 1 | ||||
Changes from contract transactions: | ||||||||
Total unit transactions | (1,062) | (1,473) | (7,007) | (10) | ||||
Net increase (decrease) in assets derived from | ||||||||
principal transactions | (1,062) | (1,473) | (7,007) | (10) | ||||
Total increase (decrease) in net assets | (1,029) | (1,434) | (5,929) | (9) | ||||
Net assets at December 31, 2007 | $ - | $ - | $ 59,468 | $ 87 |
The accompanying notes are an integral part of these financial statements.
107
VARIABLE ANNUITY ACCOUNT C OF
ING LIFE INSURANCE AND ANNUITY COMPANY
Statements of Changes in Net Assets
For the years ended December 31, 2007 and 2006
(Dollars in thousands)
DWS Equity | EuroPacific | EuroPacific | Evergreen | |||||
500 Index Fund | Growth Fund® | Growth Fund® | Equity Income | |||||
- Class S | - Class R-3 | - Class R-4 | Fund - Class I | |||||
Net assets at January 1, 2006 | $ 66 | $ 1,208 | $ 61,647 | $ - | ||||
Increase (decrease) in net assets from operations |
||||||||
Operations: | ||||||||
Net investment income (loss) | 1 | 34 | 1,158 | - | ||||
Total realized gain (loss) on investments and capital gains | ||||||||
distributions | 1 | 226 | 8,820 | - | ||||
Net unrealized appreciation (depreciation) during the year | 16 | 178 | 9,098 | - | ||||
Net increase (decrease) in net assets from operations | 18 | 438 | 19,076 | - | ||||
Changes from contract transactions: | ||||||||
Total unit transactions | 83 | 2,121 | 60,507 | - | ||||
Net increase (decrease) in assets derived from | ||||||||
principal transactions | 83 | 2,121 | 60,507 | - | ||||
Total increase (decrease) in net assets | 101 | 2,559 | 79,583 | - | ||||
Net assets at December 31, 2006 | 167 | 3,767 | 141,230 | - | ||||
Increase (decrease) in net assets from operations |
||||||||
Operations: | ||||||||
Net investment income (loss) | 2 | 109 | 2,066 | (2) | ||||
Total realized gain (loss) on investments and capital gains | ||||||||
distributions | 4 | 789 | 17,925 | - | ||||
Net unrealized appreciation (depreciation) during the year | 2 | 189 | 8,161 | (3) | ||||
Net increase (decrease) in net assets from operations | 8 | 1,087 | 28,152 | (5) | ||||
Changes from contract transactions: | ||||||||
Total unit transactions | 53 | 4,740 | 43,512 | 3,831 | ||||
Net increase (decrease) in assets derived from | ||||||||
principal transactions | 53 | 4,740 | 43,512 | 3,831 | ||||
Total increase (decrease) in net assets | 61 | 5,827 | 71,664 | 3,826 | ||||
Net assets at December 31, 2007 | $ 228 | $ 9,594 | $ 212,894 | $ 3,826 |
The accompanying notes are an integral part of these financial statements.
108
VARIABLE ANNUITY ACCOUNT C OF
ING LIFE INSURANCE AND ANNUITY COMPANY
Statements of Changes in Net Assets
For the years ended December 31, 2007 and 2006
(Dollars in thousands)
Fidelity® | Fidelity® VIP | Fidelity® VIP | ||||||
Evergreen | Advisor Mid | Equity-Income | Growth | |||||
Special Values | Cap Fund - | Portfolio - | Portfolio - | |||||
Fund - Class A | Class T | Initial Class | Initial Class | |||||
Net assets at January 1, 2006 | $ 75,301 | $ 591 | $ 401,206 | $ 329,184 | ||||
Increase (decrease) in net assets from operations |
||||||||
Operations: | ||||||||
Net investment income (loss) | (561) | (5) | 9,816 | (2,035) | ||||
Total realized gain (loss) on investments and capital gains | ||||||||
distributions | 17,834 | 71 | 54,799 | (16,934) | ||||
Net unrealized appreciation (depreciation) during the year | (943) | 8 | 10,067 | 36,558 | ||||
Net increase (decrease) in net assets from operations | 16,330 | 74 | 74,682 | 17,589 | ||||
Changes from contract transactions: | ||||||||
Total unit transactions | 14,303 | 29 | (20,157) | (50,951) | ||||
Net increase (decrease) in assets derived from | ||||||||
principal transactions | 14,303 | 29 | (20,157) | (50,951) | ||||
Total increase (decrease) in net assets | 30,633 | 103 | 54,525 | (33,362) | ||||
Net assets at December 31, 2006 | 105,934 | 694 | 455,731 | 295,822 | ||||
Increase (decrease) in net assets from operations |
||||||||
Operations: | ||||||||
Net investment income (loss) | 64 | (3) | 3,389 | (665) | ||||
Total realized gain (loss) on investments and capital gains | ||||||||
distributions | 19,811 | 101 | 42,721 | (13,059) | ||||
Net unrealized appreciation (depreciation) during the year | (29,475) | (32) | (42,979) | 84,086 | ||||
Net increase (decrease) in net assets from operations | (9,600) | 66 | 3,131 | 70,362 | ||||
Changes from contract transactions: | ||||||||
Total unit transactions | (1,772) | (760) | (32,334) | (36,470) | ||||
Net increase (decrease) in assets derived from | ||||||||
principal transactions | (1,772) | (760) | (32,334) | (36,470) | ||||
Total increase (decrease) in net assets | (11,372) | (694) | (29,203) | 33,892 | ||||
Net assets at December 31, 2007 | $ 94,562 | $ - | $ 426,528 | $ 329,714 |
The accompanying notes are an integral part of these financial statements.
109
VARIABLE ANNUITY ACCOUNT C OF
ING LIFE INSURANCE AND ANNUITY COMPANY
Statements of Changes in Net Assets
For the years ended December 31, 2007 and 2006
(Dollars in thousands)
Fidelity® VIP | Fidelity® VIP | Fidelity® VIP | Fidelity® VIP | |||||
High Income | Overseas | Contrafund® | Index 500 | |||||
Portfolio - | Portfolio - | Portfolio - | Portfolio - | |||||
Initial Class | Initial Class | Initial Class | Initial Class | |||||
Net assets at January 1, 2006 | $ 6,022 | $ 44,759 | $ 1,008,057 | $ 116,615 | ||||
Increase (decrease) in net assets from operations |
||||||||
Operations: | ||||||||
Net investment income (loss) | 507 | (94) | 3,118 | 815 | ||||
Total realized gain (loss) on investments and capital gains | ||||||||
distributions | (24) | 3,902 | 126,643 | (1,184) | ||||
Net unrealized appreciation (depreciation) during the year | 165 | 3,982 | (17,340) | 16,944 | ||||
Net increase (decrease) in net assets from operations | 648 | 7,790 | 112,421 | 16,575 | ||||
Changes from contract transactions: | ||||||||
Total unit transactions | 1,082 | (839) | 56,104 | (4,345) | ||||
Net increase (decrease) in assets derived from | ||||||||
principal transactions | 1,082 | (839) | 56,104 | (4,345) | ||||
Total increase (decrease) in net assets | 1,730 | 6,951 | 168,525 | 12,230 | ||||
Net assets at December 31, 2006 | 7,752 | 51,710 | 1,176,582 | 128,845 | ||||
Increase (decrease) in net assets from operations |
||||||||
Operations: | ||||||||
Net investment income (loss) | 550 | 1,300 | (778) | 3,367 | ||||
Total realized gain (loss) on investments and capital gains | ||||||||
distributions | (31) | 7,491 | 362,570 | 156 | ||||
Net unrealized appreciation (depreciation) during the year | (389) | (637) | (173,527) | 2,132 | ||||
Net increase (decrease) in net assets from operations | 130 | 8,154 | 188,265 | 5,655 | ||||
Changes from contract transactions: | ||||||||
Total unit transactions | (326) | 834 | (53,290) | (7,802) | ||||
Net increase (decrease) in assets derived from | ||||||||
principal transactions | (326) | 834 | (53,290) | (7,802) | ||||
Total increase (decrease) in net assets | (196) | 8,988 | 134,975 | (2,147) | ||||
Net assets at December 31, 2007 | $ 7,556 | $ 60,698 | $ 1,311,557 | $ 126,698 |
The accompanying notes are an integral part of these financial statements.
110
VARIABLE ANNUITY ACCOUNT C OF
ING LIFE INSURANCE AND ANNUITY COMPANY
Statements of Changes in Net Assets
For the years ended December 31, 2007 and 2006
(Dollars in thousands)
Fidelity® VIP | ||||||||
Fidelity® VIP | Asset | Franklin Small- | ||||||
Mid Cap | ManagerSM | Mutual | Mid Cap | |||||
Portfolio - | Portfolio - | Discovery Fund | Growth Fund - | |||||
Initial Class | Initial Class | - Class R | Class A | |||||
Net assets at January 1, 2006 | $ - | $ 18,646 | $ 667 | $ 318 | ||||
Increase (decrease) in net assets from operations |
||||||||
Operations: | ||||||||
Net investment income (loss) | 1 | 315 | 14 | (5) | ||||
Total realized gain (loss) on investments and capital gains | ||||||||
distributions | - | (229) | 67 | 43 | ||||
Net unrealized appreciation (depreciation) during the year | 228 | 1,011 | 123 | (14) | ||||
Net increase (decrease) in net assets from operations | 229 | 1,097 | 204 | 24 | ||||
Changes from contract transactions: | ||||||||
Total unit transactions | 5,222 | (1,383) | 567 | 214 | ||||
Net increase (decrease) in assets derived from | ||||||||
principal transactions | 5,222 | (1,383) | 567 | 214 | ||||
Total increase (decrease) in net assets | 5,451 | (286) | 771 | 238 | ||||
Net assets at December 31, 2006 | 5,451 | 18,360 | 1,438 | 556 | ||||
Increase (decrease) in net assets from operations |
||||||||
Operations: | ||||||||
Net investment income (loss) | 71 | 986 | 30 | (8) | ||||
Total realized gain (loss) on investments and capital gains | ||||||||
distributions | 554 | 535 | 82 | 135 | ||||
Net unrealized appreciation (depreciation) during the year | 341 | 995 | 39 | (69) | ||||
Net increase (decrease) in net assets from operations | 966 | 2,516 | 151 | 58 | ||||
Changes from contract transactions: | ||||||||
Total unit transactions | 3,555 | (616) | 856 | 153 | ||||
Net increase (decrease) in assets derived from | ||||||||
principal transactions | 3,555 | (616) | 856 | 153 | ||||
Total increase (decrease) in net assets | 4,521 | 1,900 | 1,007 | 211 | ||||
Net assets at December 31, 2007 | $ 9,972 | $ 20,260 | $ 2,445 | $ 767 |
The accompanying notes are an integral part of these financial statements.
111
VARIABLE ANNUITY ACCOUNT C OF
ING LIFE INSURANCE AND ANNUITY COMPANY
Statements of Changes in Net Assets
For the years ended December 31, 2007 and 2006
(Dollars in thousands)
Franklin Small | ||||||||
Cap Value | ING Financial | ING Real | ING GNMA | |||||
Securities Fund | Services Fund - | Estate Fund - | Income Fund - | |||||
- Class 2 | Class A | Class A | Class A | |||||
Net assets at January 1, 2006 | $ 72,308 | $ 51 | $ 954 | $ 712 | ||||
Increase (decrease) in net assets from operations |
||||||||
Operations: | ||||||||
Net investment income (loss) | (338) | 1 | 27 | 38 | ||||
Total realized gain (loss) on investments and capital gains | ||||||||
distributions | 6,269 | 7 | 178 | (10) | ||||
Net unrealized appreciation (depreciation) during the year | 5,398 | 3 | 288 | 1 | ||||
Net increase (decrease) in net assets from operations | 11,329 | 11 | 493 | 29 | ||||
Changes from contract transactions: | ||||||||
Total unit transactions | 4,884 | 22 | 926 | 232 | ||||
Net increase (decrease) in assets derived from | ||||||||
principal transactions | 4,884 | 22 | 926 | 232 | ||||
Total increase (decrease) in net assets | 16,213 | 33 | 1,419 | 261 | ||||
Net assets at December 31, 2006 | 88,521 | 84 | 2,373 | 973 | ||||
Increase (decrease) in net assets from operations |
||||||||
Operations: | ||||||||
Net investment income (loss) | (354) | 1 | 42 | 36 | ||||
Total realized gain (loss) on investments and capital gains | ||||||||
distributions | 10,632 | 18 | 321 | (4) | ||||
Net unrealized appreciation (depreciation) during the year | (13,832) | (37) | (765) | 25 | ||||
Net increase (decrease) in net assets from operations | (3,554) | (18) | (402) | 57 | ||||
Changes from contract transactions: | ||||||||
Total unit transactions | 6,669 | 70 | (48) | 375 | ||||
Net increase (decrease) in assets derived from | ||||||||
principal transactions | 6,669 | 70 | (48) | 375 | ||||
Total increase (decrease) in net assets | 3,115 | 52 | (450) | 432 | ||||
Net assets at December 31, 2007 | $ 91,636 | $ 136 | $ 1,923 | $ 1,405 |
The accompanying notes are an integral part of these financial statements.
112
VARIABLE ANNUITY ACCOUNT C OF
ING LIFE INSURANCE AND ANNUITY COMPANY
Statements of Changes in Net Assets
For the years ended December 31, 2007 and 2006
(Dollars in thousands)
ING | ||||||||
ING | AllianceBernstein | |||||||
Intermediate | Mid Cap Growth | |||||||
Bond Fund - | ING GET Fund | ING GET Fund | Portfolio - Service | |||||
Class A | - Series Q | - Series S | Class | |||||
Net assets at January 1, 2006 | $ 829 | $ 3,208 | $ 14,566 | $ 1,096 | ||||
Increase (decrease) in net assets from operations |
||||||||
Operations: | ||||||||
Net investment income (loss) | 49 | 81 | 225 | (33) | ||||
Total realized gain (loss) on investments and capital gains | ||||||||
distributions | (2) | 12 | 185 | 169 | ||||
Net unrealized appreciation (depreciation) during the year | (5) | 31 | 259 | (515) | ||||
Net increase (decrease) in net assets from operations | 42 | 124 | 669 | (379) | ||||
Changes from contract transactions: | ||||||||
Total unit transactions | 762 | (423) | (4,982) | 2,569 | ||||
Net increase (decrease) in assets derived from | ||||||||
principal transactions | 762 | (423) | (4,982) | 2,569 | ||||
Total increase (decrease) in net assets | 804 | (299) | (4,313) | 2,190 | ||||
Net assets at December 31, 2006 | 1,633 | 2,909 | 10,253 | 3,286 | ||||
Increase (decrease) in net assets from operations |
||||||||
Operations: | ||||||||
Net investment income (loss) | 85 | 109 | 324 | (33) | ||||
Total realized gain (loss) on investments and capital gains | ||||||||
distributions | (8) | (46) | 285 | (317) | ||||
Net unrealized appreciation (depreciation) during the year | 35 | (62) | (322) | 554 | ||||
Net increase (decrease) in net assets from operations | 112 | 1 | 287 | 204 | ||||
Changes from contract transactions: | ||||||||
Total unit transactions | 1,319 | (2,910) | (10,540) | 401 | ||||
Net increase (decrease) in assets derived from | ||||||||
principal transactions | 1,319 | (2,910) | (10,540) | 401 | ||||
Total increase (decrease) in net assets | 1,431 | (2,909) | (10,253) | 605 | ||||
Net assets at December 31, 2007 | $ 3,064 | $ - | $ - | $ 3,891 |
The accompanying notes are an integral part of these financial statements.
113
VARIABLE ANNUITY ACCOUNT C OF
ING LIFE INSURANCE AND ANNUITY COMPANY
Statements of Changes in Net Assets
For the years ended December 31, 2007 and 2006
(Dollars in thousands)
ING BlackRock | ||||||||
Large Cap | ING BlackRock | ING BlackRock | ||||||
Growth | Large Cap | Large Cap | ING Evergreen | |||||
Portfolio - | Growth | Growth | Health Sciences | |||||
Institutional | Portfolio - | Portfolio - | Portfolio - | |||||
Class | Service Class | Service 2 Class | Service Class | |||||
Net assets at January 1, 2006 | $ - | $ - | $ - | $ 1,446 | ||||
Increase (decrease) in net assets from operations |
||||||||
Operations: | ||||||||
Net investment income (loss) | - | - | - | (34) | ||||
Total realized gain (loss) on investments and capital gains | ||||||||
distributions | - | - | - | 92 | ||||
Net unrealized appreciation (depreciation) during the year | - | - | - | 326 | ||||
Net increase (decrease) in net assets from operations | - | - | - | 384 | ||||
Changes from contract transactions: | ||||||||
Total unit transactions | - | - | - | 2,610 | ||||
Net increase (decrease) in assets derived from | ||||||||
principal transactions | - | - | - | 2,610 | ||||
Total increase (decrease) in net assets | - | - | - | 2,994 | ||||
Net assets at December 31, 2006 | - | - | - | 4,440 | ||||
Increase (decrease) in net assets from operations |
||||||||
Operations: | ||||||||
Net investment income (loss) | (879) | - | - | (48) | ||||
Total realized gain (loss) on investments and capital gains | ||||||||
distributions | - | 1 | - | 395 | ||||
Net unrealized appreciation (depreciation) during the year | (1,934) | - | (2) | 13 | ||||
Net increase (decrease) in net assets from operations | (2,813) | 1 | (2) | 360 | ||||
Changes from contract transactions: | ||||||||
Total unit transactions | 118,751 | 42 | 149 | 1,456 | ||||
Net increase (decrease) in assets derived from | ||||||||
principal transactions | 118,751 | 42 | 149 | 1,456 | ||||
Total increase (decrease) in net assets | 115,938 | 43 | 147 | 1,816 | ||||
Net assets at December 31, 2007 | $ 115,938 | $ 43 | $ 147 | $ 6,256 |
The accompanying notes are an integral part of these financial statements.
114
VARIABLE ANNUITY ACCOUNT C OF
ING LIFE INSURANCE AND ANNUITY COMPANY
Statements of Changes in Net Assets
For the years ended December 31, 2007 and 2006
(Dollars in thousands)
ING FMRSM | ||||||||||||
Large Cap | ING FMRSM | |||||||||||
ING Evergreen | ING FMRSM | Growth | Large Cap | |||||||||
Omega | Diversified Mid | Portfolio - | Growth | |||||||||
Portfolio - | Cap Portfolio - | Institutional | Portfolio - | |||||||||
Service Class | Service Class | Class | Service Class | |||||||||
Net assets at January 1, 2006 | $ - | $ 4,611 | $ - | $ - | ||||||||
Increase (decrease) in net assets from operations |
||||||||||||
Operations: | ||||||||||||
Net investment income (loss) | - | (115) | - | - | ||||||||
Total realized gain (loss) on investments and capital gains | ||||||||||||
distributions | - | 1,107 | 5 | - | ||||||||
Net unrealized appreciation (depreciation) during the year | - | (106) | 3 | - | ||||||||
Net increase (decrease) in net assets from operations | - | 886 | 8 | - | ||||||||
Changes from contract transactions: | ||||||||||||
Total unit transactions | - | 9,107 | 154 | - | ||||||||
Net increase (decrease) in assets derived from | ||||||||||||
principal transactions | - | 9,107 | 154 | - | ||||||||
Total increase (decrease) in net assets | - | 9,993 | 162 | - | ||||||||
Net assets at December 31, 2006 | - | 14,604 | 162 | - | ||||||||
Increase (decrease) in net assets from operations |
||||||||||||
Operations: | ||||||||||||
Net investment income (loss) | - | (154) | (2) | - | ||||||||
Total realized gain (loss) on investments and capital gains | ||||||||||||
distributions | - | 403 | 7 | - | ||||||||
Net unrealized appreciation (depreciation) during the year | - | 1,812 | (3) | - | ||||||||
Net increase (decrease) in net assets from operations | - | 2,061 | 2 | - | ||||||||
Changes from contract transactions: | ||||||||||||
Total unit transactions | - | 2,778 | (22) | - | ||||||||
Net increase (decrease) in assets derived from | ||||||||||||
principal transactions | - | 2,778 | (22) | - | ||||||||
Total increase (decrease) in net assets | - | 4,839 | (20) | - | ||||||||
Net assets at December 31, 2007 | $ - | $ 19,443 | $ 142 | $ - |
The accompanying notes are an integral part of these financial statements.
115
VARIABLE ANNUITY ACCOUNT C OF
ING LIFE INSURANCE AND ANNUITY COMPANY
Statements of Changes in Net Assets
For the years ended December 31, 2007 and 2006
(Dollars in thousands)
ING Global | ING JPMorgan | |||||||
Resources | ING Global | ING Janus | Emerging | |||||
Portfolio - | Resources | Contrarian | Markets Equity | |||||
Institutional | Portfolio - | Portfolio - | Portfolio - | |||||
Class | Service Class | Service Class | Adviser Class | |||||
Net assets at January 1, 2006 | $ - | $ - | $ - | $ - | ||||
Increase (decrease) in net assets from operations |
||||||||
Operations: | ||||||||
Net investment income (loss) | - | - | - | - | ||||
Total realized gain (loss) on investments and capital gains | ||||||||
distributions | - | - | - | - | ||||
Net unrealized appreciation (depreciation) during the year | - | - | - | 6 | ||||
Net increase (decrease) in net assets from operations | - | - | - | 6 | ||||
Changes from contract transactions: | ||||||||
Total unit transactions | - | - | - | 51 | ||||
Net increase (decrease) in assets derived from | ||||||||
principal transactions | - | - | - | 51 | ||||
Total increase (decrease) in net assets | - | - | - | 57 | ||||
Net assets at December 31, 2006 | - | - | - | 57 | ||||
Increase (decrease) in net assets from operations |
||||||||
Operations: | ||||||||
Net investment income (loss) | - | (869) | (5) | 1 | ||||
Total realized gain (loss) on investments and capital gains | ||||||||
distributions | - | 10,253 | 2 | 19 | ||||
Net unrealized appreciation (depreciation) during the year | 4 | 18,114 | 13 | 30 | ||||
Net increase (decrease) in net assets from operations | 4 | 27,498 | 10 | 50 | ||||
Changes from contract transactions: | ||||||||
Total unit transactions | 40 | 81,933 | 4,601 | 261 | ||||
Net increase (decrease) in assets derived from | ||||||||
principal transactions | 40 | 81,933 | 4,601 | 261 | ||||
Total increase (decrease) in net assets | 44 | 109,431 | 4,611 | 311 | ||||
Net assets at December 31, 2007 | $ 44 | $ 109,431 | $ 4,611 | $ 368 |
The accompanying notes are an integral part of these financial statements.
116
VARIABLE ANNUITY ACCOUNT C OF
ING LIFE INSURANCE AND ANNUITY COMPANY
Statements of Changes in Net Assets
For the years ended December 31, 2007 and 2006
(Dollars in thousands)
ING JPMorgan | ING JPMorgan | |||||||
Emerging | ING JPMorgan | ING JPMorgan | Value | |||||
Markets Equity | Emerging | Small Cap Core | Opportunities | |||||
Portfolio - | Markets Equity | Equity | Portfolio - | |||||
Institutional | Portfolio - | Portfolio - | Institutional | |||||
Class | Service Class | Service Class | Class | |||||
Net assets at January 1, 2006 | $ 15,902 | $ 6,873 | $ 282 | $ - | ||||
Increase (decrease) in net assets from operations |
||||||||
Operations: | ||||||||
Net investment income (loss) | (81) | (91) | (12) | - | ||||
Total realized gain (loss) on investments and capital gains | ||||||||
distributions | 1,441 | 1,391 | 50 | - | ||||
Net unrealized appreciation (depreciation) during the year | 5,217 | 2,491 | 37 | 1 | ||||
Net increase (decrease) in net assets from operations | 6,577 | 3,791 | 75 | 1 | ||||
Changes from contract transactions: | ||||||||
Total unit transactions | 6,692 | 10,946 | 1,286 | 25 | ||||
Net increase (decrease) in assets derived from | ||||||||
principal transactions | 6,692 | 10,946 | 1,286 | 25 | ||||
Total increase (decrease) in net assets | 13,269 | 14,737 | 1,361 | 26 | ||||
Net assets at December 31, 2006 | 29,171 | 21,610 | 1,643 | 26 | ||||
Increase (decrease) in net assets from operations |
||||||||
Operations: | ||||||||
Net investment income (loss) | 58 | (32) | (22) | 1 | ||||
Total realized gain (loss) on investments and capital gains | ||||||||
distributions | 3,940 | 2,380 | 166 | 9 | ||||
Net unrealized appreciation (depreciation) during the year | 6,939 | 6,767 | (257) | (12) | ||||
Net increase (decrease) in net assets from operations | 10,937 | 9,115 | (113) | (2) | ||||
Changes from contract transactions: | ||||||||
Total unit transactions | 3,723 | 9,448 | 938 | 48 | ||||
Net increase (decrease) in assets derived from | ||||||||
principal transactions | 3,723 | 9,448 | 938 | 48 | ||||
Total increase (decrease) in net assets | 14,660 | 18,563 | 825 | 46 | ||||
Net assets at December 31, 2007 | $ 43,831 | $ 40,173 | $ 2,468 | $ 72 |
The accompanying notes are an integral part of these financial statements.
117
VARIABLE ANNUITY ACCOUNT C OF
ING LIFE INSURANCE AND ANNUITY COMPANY
Statements of Changes in Net Assets
For the years ended December 31, 2007 and 2006
(Dollars in thousands)
ING JPMorgan | ING Legg | |||||||
Value | ING Julius | Mason Partners | ING Legg | |||||
Opportunities | Baer Foreign | All Cap | Mason Value | |||||
Portfolio - | Portfolio - | Portfolio - | Portfolio - | |||||
Service Class | Service Class | Service Class | Service Class | |||||
Net assets at January 1, 2006 | $ - | $ 8,790 | $ - | $ 1,700 | ||||
Increase (decrease) in net assets from operations |
||||||||
Operations: | ||||||||
Net investment income (loss) | (1) | (209) | - | (30) | ||||
Total realized gain (loss) on investments and capital gains | ||||||||
distributions | 1 | 415 | - | 65 | ||||
Net unrealized appreciation (depreciation) during the year | 36 | 4,133 | 2 | 177 | ||||
Net increase (decrease) in net assets from operations | 36 | 4,339 | 2 | 212 | ||||
Changes from contract transactions: | ||||||||
Total unit transactions | 788 | 17,037 | 33 | 1,503 | ||||
Net increase (decrease) in assets derived from | ||||||||
principal transactions | 788 | 17,037 | 33 | 1,503 | ||||
Total increase (decrease) in net assets | 824 | 21,376 | 35 | 1,715 | ||||
Net assets at December 31, 2006 | 824 | 30,166 | 35 | 3,415 | ||||
Increase (decrease) in net assets from operations |
||||||||
Operations: | ||||||||
Net investment income (loss) | 7 | (456) | 2 | (45) | ||||
Total realized gain (loss) on investments and capital gains | ||||||||
distributions | 128 | 3,915 | 8 | 136 | ||||
Net unrealized appreciation (depreciation) during the year | (217) | 2,669 | (2) | (434) | ||||
Net increase (decrease) in net assets from operations | (82) | 6,128 | 8 | (343) | ||||
Changes from contract transactions: | ||||||||
Total unit transactions | 1,097 | 23,557 | (43) | 1,322 | ||||
Net increase (decrease) in assets derived from | ||||||||
principal transactions | 1,097 | 23,557 | (43) | 1,322 | ||||
Total increase (decrease) in net assets | 1,015 | 29,685 | (35) | 979 | ||||
Net assets at December 31, 2007 | $ 1,839 | $ 59,851 | $ - | $ 4,394 |
The accompanying notes are an integral part of these financial statements.
118
VARIABLE ANNUITY ACCOUNT C OF
ING LIFE INSURANCE AND ANNUITY COMPANY
Statements of Changes in Net Assets
For the years ended December 31, 2007 and 2006
(Dollars in thousands)
ING Lord | ||||||||
Abbett | ING Lord | ING Marsico | ||||||
Affiliated | Abbett | ING Marsico | International | |||||
Portfolio - | Affiliated | Growth | Opportunities | |||||
Institutional | Portfolio - | Portfolio - | Portfolio - | |||||
Class | Service Class | Service Class | Adviser Class | |||||
Net assets at January 1, 2006 | $ - | $ - | $ 1,159 | $ - | ||||
Increase (decrease) in net assets from operations |
||||||||
Operations: | ||||||||
Net investment income (loss) | (2) | - | (21) | - | ||||
Total realized gain (loss) on investments and capital gains | ||||||||
distributions | 11 | - | 23 | - | ||||
Net unrealized appreciation (depreciation) during the year | 52 | - | 118 | - | ||||
Net increase (decrease) in net assets from operations | 61 | - | 120 | - | ||||
Changes from contract transactions: | ||||||||
Total unit transactions | 1,007 | - | 1,468 | - | ||||
Net increase (decrease) in assets derived from | ||||||||
principal transactions | 1,007 | - | 1,468 | - | ||||
Total increase (decrease) in net assets | 1,068 | - | 1,588 | - | ||||
Net assets at December 31, 2006 | 1,068 | - | 2,747 | - | ||||
Increase (decrease) in net assets from operations |
||||||||
Operations: | ||||||||
Net investment income (loss) | (572) | 6 | (36) | - | ||||
Total realized gain (loss) on investments and capital gains | ||||||||
distributions | 232 | 11 | 148 | - | ||||
Net unrealized appreciation (depreciation) during the year | 2,393 | (30) | 278 | (2) | ||||
Net increase (decrease) in net assets from operations | 2,053 | (13) | 390 | (2) | ||||
Changes from contract transactions: | ||||||||
Total unit transactions | 128,642 | 529 | 1,190 | 66 | ||||
Net increase (decrease) in assets derived from | ||||||||
principal transactions | 128,642 | 529 | 1,190 | 66 | ||||
Total increase (decrease) in net assets | 130,695 | 516 | 1,580 | 64 | ||||
Net assets at December 31, 2007 | $ 131,763 | $ 516 | $ 4,327 | $ 64 |
The accompanying notes are an integral part of these financial statements.
119
VARIABLE ANNUITY ACCOUNT C OF
ING LIFE INSURANCE AND ANNUITY COMPANY
Statements of Changes in Net Assets
For the years ended December 31, 2007 and 2006
(Dollars in thousands)
ING Marsico | ING MFS Total | |||||||
International | ING MFS Total | Return | ING MFS Total | |||||
Opportunities | Return | Portfolio - | Return | |||||
Portfolio - | Portfolio - | Institutional | Portfolio - | |||||
Service Class | Adviser Class | Class | Service Class | |||||
Net assets at January 1, 2006 | $ 1,348 | $ - | $ - | $ 41,280 | ||||
Increase (decrease) in net assets from operations |
||||||||
Operations: | ||||||||
Net investment income (loss) | (49) | 1 | (1) | 454 | ||||
Total realized gain (loss) on investments and capital gains | ||||||||
distributions | 270 | 2 | - | 2,374 | ||||
Net unrealized appreciation (depreciation) during the year | 711 | 2 | 14 | 901 | ||||
Net increase (decrease) in net assets from operations | 932 | 5 | 13 | 3,729 | ||||
Changes from contract transactions: | ||||||||
Total unit transactions | 5,026 | 40 | 256 | (8,450) | ||||
Net increase (decrease) in assets derived from | ||||||||
principal transactions | 5,026 | 40 | 256 | (8,450) | ||||
Total increase (decrease) in net assets | 5,958 | 45 | 269 | (4,721) | ||||
Net assets at December 31, 2006 | 7,306 | 45 | 269 | 36,559 | ||||
Increase (decrease) in net assets from operations |
||||||||
Operations: | ||||||||
Net investment income (loss) | (2) | 3 | (317) | 638 | ||||
Total realized gain (loss) on investments and capital gains | ||||||||
distributions | 1,033 | 11 | 17 | 2,370 | ||||
Net unrealized appreciation (depreciation) during the year | 569 | (18) | 858 | (1,896) | ||||
Net increase (decrease) in net assets from operations | 1,600 | (4) | 558 | 1,112 | ||||
Changes from contract transactions: | ||||||||
Total unit transactions | 3,645 | 526 | 80,319 | (4,067) | ||||
Net increase (decrease) in assets derived from | ||||||||
principal transactions | 3,645 | 526 | 80,319 | (4,067) | ||||
Total increase (decrease) in net assets | 5,245 | 522 | 80,877 | (2,955) | ||||
Net assets at December 31, 2007 | $ 12,551 | $ 567 | $ 81,146 | $ 33,604 |
The accompanying notes are an integral part of these financial statements.
120
VARIABLE ANNUITY ACCOUNT C OF
ING LIFE INSURANCE AND ANNUITY COMPANY
Statements of Changes in Net Assets
For the years ended December 31, 2007 and 2006
(Dollars in thousands)
ING | ING PIMCO | |||||||||
ING MFS | Oppenheimer | High Yield | ING PIMCO | |||||||
Utilities | Main Street | Portfolio - | High Yield | |||||||
Portfolio - | Portfolio® - | Institutional | Portfolio - | |||||||
Service Class | Service Class | Class | Service Class | |||||||
Net assets at January 1, 2006 | $ 1,191 | $ 214 | $ - | $ 1,418 | ||||||
Increase (decrease) in net assets from operations |
||||||||||
Operations: | ||||||||||
Net investment income (loss) | (50) | (1) | 5 | 175 | ||||||
Total realized gain (loss) on investments and capital gains | ||||||||||
distributions | 102 | 10 | (1) | 22 | ||||||
Net unrealized appreciation (depreciation) during the year | 1,534 | 55 | 4 | 63 | ||||||
Net increase (decrease) in net assets from operations | 1,586 | 64 | 8 | 260 | ||||||
Changes from contract transactions: | ||||||||||
Total unit transactions | 10,245 | 547 | 239 | 3,392 | ||||||
Net increase (decrease) in assets derived from | ||||||||||
principal transactions | 10,245 | 547 | 239 | 3,392 | ||||||
Total increase (decrease) in net assets | 11,831 | 611 | 247 | 3,652 | ||||||
Net assets at December 31, 2006 | 13,022 | 825 | 247 | 5,070 | ||||||
Increase (decrease) in net assets from operations |
||||||||||
Operations: | ||||||||||
Net investment income (loss) | (51) | (3) | 27 | 331 | ||||||
Total realized gain (loss) on investments and capital gains | ||||||||||
distributions | 3,078 | 102 | (8) | 11 | ||||||
Net unrealized appreciation (depreciation) during the year | 2,510 | (81) | (14) | (257) | ||||||
Net increase (decrease) in net assets from operations | 5,537 | 18 | 5 | 85 | ||||||
Changes from contract transactions: | ||||||||||
Total unit transactions | 18,964 | 1,161 | 548 | 567 | ||||||
Net increase (decrease) in assets derived from | ||||||||||
principal transactions | 18,964 | 1,161 | 548 | 567 | ||||||
Total increase (decrease) in net assets | 24,501 | 1,179 | 553 | 652 | ||||||
Net assets at December 31, 2007 | $ 37,523 | $ 2,004 | $ 800 | $ 5,722 |
The accompanying notes are an integral part of these financial statements.
121
VARIABLE ANNUITY ACCOUNT C OF
ING LIFE INSURANCE AND ANNUITY COMPANY
Statements of Changes in Net Assets
For the years ended December 31, 2007 and 2006
(Dollars in thousands)
ING Pioneer | ING Pioneer | |||||||
Equity Income | ING Pioneer | Mid Cap Value | ||||||
Portfolio - | Fund Portfolio | ING Pioneer | Portfolio - | |||||
Institutional | - Institutional | Fund Portfolio | Institutional | |||||
Class | Class | - Service Class | Class | |||||
Net assets at January 1, 2006 | $ - | $ - | $ - | $ - | ||||
Increase (decrease) in net assets from operations |
||||||||
Operations: | ||||||||
Net investment income (loss) | - | (5) | - | (2) | ||||
Total realized gain (loss) on investments and capital gains | ||||||||
distributions | - | 5 | 1 | 1 | ||||
Net unrealized appreciation (depreciation) during the year | - | 69 | 1 | 33 | ||||
Net increase (decrease) in net assets from operations | - | 69 | 2 | 32 | ||||
Changes from contract transactions: | ||||||||
Total unit transactions | - | 2,440 | 23 | 751 | ||||
Net increase (decrease) in assets derived from | ||||||||
principal transactions | - | 2,440 | 23 | 751 | ||||
Total increase (decrease) in net assets | - | 2,509 | 25 | 783 | ||||
Net assets at December 31, 2006 | - | 2,509 | 25 | 783 | ||||
Increase (decrease) in net assets from operations |
||||||||
Operations: | ||||||||
Net investment income (loss) | 1,448 | (31) | (1) | (383) | ||||
Total realized gain (loss) on investments and capital gains | ||||||||
distributions | 74 | 217 | 2 | 16 | ||||
Net unrealized appreciation (depreciation) during the year | (5,352) | 14 | (1) | (2,175) | ||||
Net increase (decrease) in net assets from operations | (3,830) | 200 | - | (2,542) | ||||
Changes from contract transactions: | ||||||||
Total unit transactions | 160,312 | 13,780 | 86 | 98,750 | ||||
Net increase (decrease) in assets derived from | ||||||||
principal transactions | 160,312 | 13,780 | 86 | 98,750 | ||||
Total increase (decrease) in net assets | 156,482 | 13,980 | 86 | 96,208 | ||||
Net assets at December 31, 2007 | $ 156,482 | $ 16,489 | $ 111 | $ 96,991 |
The accompanying notes are an integral part of these financial statements.
122
VARIABLE ANNUITY ACCOUNT C OF
ING LIFE INSURANCE AND ANNUITY COMPANY
Statements of Changes in Net Assets
For the years ended December 31, 2007 and 2006
(Dollars in thousands)
ING T. Rowe | ING T. Rowe | |||||||
ING Pioneer | ING Stock | Price Capital | Price Equity | |||||
Mid Cap Value | Index Portfolio | Appreciation | Income | |||||
Portfolio - | - Institutional | Portfolio - | Portfolio - | |||||
Service Class | Class | Service Class | Adviser Class | |||||
Net assets at January 1, 2006 | $ - | $ 25,037 | $ 19,163 | $ - | ||||
Increase (decrease) in net assets from operations |
||||||||
Operations: | ||||||||
Net investment income (loss) | - | 476 | 75 | 1 | ||||
Total realized gain (loss) on investments and capital gains | ||||||||
distributions | - | 5,668 | 3,426 | 3 | ||||
Net unrealized appreciation (depreciation) during the year | - | (1,908) | 3,684 | 13 | ||||
Net increase (decrease) in net assets from operations | - | 4,236 | 7,185 | 17 | ||||
Changes from contract transactions: | ||||||||
Total unit transactions | 6 | (25,648) | 60,576 | 198 | ||||
Net increase (decrease) in assets derived from | ||||||||
principal transactions | 6 | (25,648) | 60,576 | 198 | ||||
Total increase (decrease) in net assets | 6 | (21,412) | 67,761 | 215 | ||||
Net assets at December 31, 2006 | 6 | 3,625 | 86,924 | 215 | ||||
Increase (decrease) in net assets from operations |
||||||||
Operations: | ||||||||
Net investment income (loss) | - | 47 | 951 | 5 | ||||
Total realized gain (loss) on investments and capital gains | ||||||||
distributions | - | 192 | 12,895 | 36 | ||||
Net unrealized appreciation (depreciation) during the year | - | (63) | (11,663) | (61) | ||||
Net increase (decrease) in net assets from operations | - | 176 | 2,183 | (20) | ||||
Changes from contract transactions: | ||||||||
Total unit transactions | 10 | (213) | 79,883 | 956 | ||||
Net increase (decrease) in assets derived from | ||||||||
principal transactions | 10 | (213) | 79,883 | 956 | ||||
Total increase (decrease) in net assets | 10 | (37) | 82,066 | 936 | ||||
Net assets at December 31, 2007 | $ 16 | $ 3,588 | $ 168,990 | $ 1,151 |
The accompanying notes are an integral part of these financial statements.
123
VARIABLE ANNUITY ACCOUNT C OF
ING LIFE INSURANCE AND ANNUITY COMPANY
Statements of Changes in Net Assets
For the years ended December 31, 2007 and 2006
(Dollars in thousands)
ING T. Rowe | ING Templeton | ING Van | ||||||
Price Equity | Global Growth | ING Templeton | Kampen | |||||
Income | Portfolio - | Global Growth | Capital Growth | |||||
Portfolio - | Institutional | Portfolio - | Portfolio - | |||||
Service Class | Class | Service Class | Service Class | |||||
Net assets at January 1, 2006 | $ 54,938 | $ - | $ - | $ - | ||||
Increase (decrease) in net assets from operations |
||||||||
Operations: | ||||||||
Net investment income (loss) | 264 | - | (4) | - | ||||
Total realized gain (loss) on investments and capital gains | ||||||||
distributions | 3,444 | - | 3 | - | ||||
Net unrealized appreciation (depreciation) during the year | 8,118 | - | 96 | - | ||||
Net increase (decrease) in net assets from operations | 11,826 | - | 95 | - | ||||
Changes from contract transactions: | ||||||||
Total unit transactions | 21,032 | - | 1,326 | 14 | ||||
Net increase (decrease) in assets derived from | ||||||||
principal transactions | 21,032 | - | 1,326 | 14 | ||||
Total increase (decrease) in net assets | 32,858 | - | 1,421 | 14 | ||||
Net assets at December 31, 2006 | 87,796 | - | 1,421 | 14 | ||||
Increase (decrease) in net assets from operations |
||||||||
Operations: | ||||||||
Net investment income (loss) | 370 | (5) | (2) | - | ||||
Total realized gain (loss) on investments and capital gains | ||||||||
distributions | 5,033 | - | 144 | 3 | ||||
Net unrealized appreciation (depreciation) during the year | (3,764) | (6) | (144) | 9 | ||||
Net increase (decrease) in net assets from operations | 1,639 | (11) | (2) | 12 | ||||
Changes from contract transactions: | ||||||||
Total unit transactions | 12,269 | 1,197 | 1,414 | 61 | ||||
Net increase (decrease) in assets derived from | ||||||||
principal transactions | 12,269 | 1,197 | 1,414 | 61 | ||||
Total increase (decrease) in net assets | 13,908 | 1,186 | 1,412 | 73 | ||||
Net assets at December 31, 2007 | $ 101,704 | $ 1,186 | $ 2,833 | $ 87 |
The accompanying notes are an integral part of these financial statements.
124
VARIABLE ANNUITY ACCOUNT C OF
ING LIFE INSURANCE AND ANNUITY COMPANY
Statements of Changes in Net Assets
For the years ended December 31, 2007 and 2006
(Dollars in thousands)
ING VP Index | ||||||||
ING Van | Plus | |||||||
Kampen | ING Van | International | ||||||
Growth and | Kampen Real | ING Van | Equity | |||||
Income | Estate Portfolio | Kampen Real | Portfolio - | |||||
Portfolio - | - Institutional | Estate Portfolio | Institutional | |||||
Service Class | Class | - Service Class | Class | |||||
Net assets at January 1, 2006 | $ 8,388 | $ - | $ - | $ - | ||||
Increase (decrease) in net assets from operations |
||||||||
Operations: | ||||||||
Net investment income (loss) | 9 | (2) | (28) | - | ||||
Total realized gain (loss) on investments and capital gains | ||||||||
distributions | 1,103 | 2 | 63 | - | ||||
Net unrealized appreciation (depreciation) during the year | 658 | 47 | 1,198 | - | ||||
Net increase (decrease) in net assets from operations | 1,770 | 47 | 1,233 | - | ||||
Changes from contract transactions: | ||||||||
Total unit transactions | 5,546 | 707 | 15,672 | - | ||||
Net increase (decrease) in assets derived from | ||||||||
principal transactions | 5,546 | 707 | 15,672 | - | ||||
Total increase (decrease) in net assets | 7,316 | 754 | 16,905 | - | ||||
Net assets at December 31, 2006 | 15,704 | 754 | 16,905 | - | ||||
Increase (decrease) in net assets from operations |
||||||||
Operations: | ||||||||
Net investment income (loss) | 103 | 3 | 36 | (33) | ||||
Total realized gain (loss) on investments and capital gains | ||||||||
distributions | 1,414 | 88 | 2,824 | 4 | ||||
Net unrealized appreciation (depreciation) during the year | (1,343) | (296) | (7,927) | (304) | ||||
Net increase (decrease) in net assets from operations | 174 | (205) | (5,067) | (333) | ||||
Changes from contract transactions: | ||||||||
Total unit transactions | 1,410 | 393 | 9,000 | 22,695 | ||||
Net increase (decrease) in assets derived from | ||||||||
principal transactions | 1,410 | 393 | 9,000 | 22,695 | ||||
Total increase (decrease) in net assets | 1,584 | 188 | 3,933 | 22,362 | ||||
Net assets at December 31, 2007 | $ 17,288 | $ 942 | $ 20,838 | $ 22,362 |
The accompanying notes are an integral part of these financial statements.
125
VARIABLE ANNUITY ACCOUNT C OF
ING LIFE INSURANCE AND ANNUITY COMPANY
Statements of Changes in Net Assets
For the years ended December 31, 2007 and 2006
(Dollars in thousands)
ING VP Index | ||||||||
Plus | ING Wells | ING Wells | ING Wells | |||||
International | Fargo | Fargo | Fargo Small | |||||
Equity | Disciplined | Disciplined | Cap Disciplined | |||||
Portfolio - | Value Portfolio | Value Portfolio | Portfolio - | |||||
Service Class | - Adviser Class | - Service Class | Service Class | |||||
Net assets at January 1, 2006 | $ - | $ - | $ - | $ - | ||||
Increase (decrease) in net assets from operations |
||||||||
Operations: | ||||||||
Net investment income (loss) | 18 | - | (2) | (2) | ||||
Total realized gain (loss) on investments and capital gains | ||||||||
distributions | 54 | - | 2 | 24 | ||||
Net unrealized appreciation (depreciation) during the year | 99 | - | 49 | 37 | ||||
Net increase (decrease) in net assets from operations | 171 | - | 49 | 59 | ||||
Changes from contract transactions: | ||||||||
Total unit transactions | 2,366 | - | 718 | 1,082 | ||||
Net increase (decrease) in assets derived from | ||||||||
principal transactions | 2,366 | - | 718 | 1,082 | ||||
Total increase (decrease) in net assets | 2,537 | - | 767 | 1,141 | ||||
Net assets at December 31, 2006 | 2,537 | - | 767 | 1,141 | ||||
Increase (decrease) in net assets from operations |
||||||||
Operations: | ||||||||
Net investment income (loss) | (84) | - | 5 | (10) | ||||
Total realized gain (loss) on investments and capital gains | ||||||||
distributions | 533 | - | 54 | 58 | ||||
Net unrealized appreciation (depreciation) during the year | (190) | - | (136) | (90) | ||||
Net increase (decrease) in net assets from operations | 259 | - | (77) | (42) | ||||
Changes from contract transactions: | ||||||||
Total unit transactions | 4,320 | 3 | 433 | (77) | ||||
Net increase (decrease) in assets derived from | ||||||||
principal transactions | 4,320 | 3 | 433 | (77) | ||||
Total increase (decrease) in net assets | 4,579 | 3 | 356 | (119) | ||||
Net assets at December 31, 2007 | $ 7,116 | $ 3 | $ 1,123 | $ 1,022 |
The accompanying notes are an integral part of these financial statements.
126
VARIABLE ANNUITY ACCOUNT C OF
ING LIFE INSURANCE AND ANNUITY COMPANY
Statements of Changes in Net Assets
For the years ended December 31, 2007 and 2006
(Dollars in thousands)
ING | ING American | ING American | ||||||
International | ING | Century Large | Century Large | |||||
Growth | International | Company | Company | |||||
Opportunities | SmallCap Fund | Value Portfolio | Value Portfolio | |||||
Fund - Class Q | - Class A | - Adviser Class | - Service Class | |||||
Net assets at January 1, 2006 | $ 2 | $ 283 | $ - | $ 4,395 | ||||
Increase (decrease) in net assets from operations |
||||||||
Operations: | ||||||||
Net investment income (loss) | - | - | - | (40) | ||||
Total realized gain (loss) on investments and capital gains | ||||||||
distributions | - | 21 | - | 345 | ||||
Net unrealized appreciation (depreciation) during the year | - | 95 | 1 | 478 | ||||
Net increase (decrease) in net assets from operations | - | 116 | 1 | 783 | ||||
Changes from contract transactions: | ||||||||
Total unit transactions | 5 | 438 | 8 | 112 | ||||
Net increase (decrease) in assets derived from | ||||||||
principal transactions | 5 | 438 | 8 | 112 | ||||
Total increase (decrease) in net assets | 5 | 554 | 9 | 895 | ||||
Net assets at December 31, 2006 | 7 | 837 | 9 | 5,290 | ||||
Increase (decrease) in net assets from operations |
||||||||
Operations: | ||||||||
Net investment income (loss) | - | 4 | - | 5 | ||||
Total realized gain (loss) on investments and capital gains | ||||||||
distributions | 2 | 480 | 2 | 628 | ||||
Net unrealized appreciation (depreciation) during the year | - | (379) | (4) | (763) | ||||
Net increase (decrease) in net assets from operations | 2 | 105 | (2) | (130) | ||||
Changes from contract transactions: | ||||||||
Total unit transactions | 2 | 1,279 | 79 | (730) | ||||
Net increase (decrease) in assets derived from | ||||||||
principal transactions | 2 | 1,279 | 79 | (730) | ||||
Total increase (decrease) in net assets | 4 | 1,384 | 77 | (860) | ||||
Net assets at December 31, 2007 | $ 11 | $ 2,221 | $ 86 | $ 4,430 |
The accompanying notes are an integral part of these financial statements.
127
VARIABLE ANNUITY ACCOUNT C OF
ING LIFE INSURANCE AND ANNUITY COMPANY
Statements of Changes in Net Assets
For the years ended December 31, 2007 and 2006
(Dollars in thousands)
ING American | ING American | |||||||
ING American | ING American | Century Small- | Century Small- | |||||
Century Select | Century Select | Mid Cap Value | Mid Cap Value | |||||
Portfolio - | Portfolio - | Portfolio - | Portfolio - | |||||
Initial Class | Service Class | Adviser Class | Service Class | |||||
Net assets at January 1, 2006 | $ 158,146 | $ 20 | $ - | $ 31,597 | ||||
Increase (decrease) in net assets from operations |
||||||||
Operations: | ||||||||
Net investment income (loss) | 326 | - | - | (321) | ||||
Total realized gain (loss) on investments and capital gains | ||||||||
distributions | 951 | - | - | 760 | ||||
Net unrealized appreciation (depreciation) during the year | (5,974) | (1) | 2 | 3,923 | ||||
Net increase (decrease) in net assets from operations | (4,697) | (1) | 2 | 4,362 | ||||
Changes from contract transactions: | ||||||||
Total unit transactions | (21,892) | (19) | 20 | (2,133) | ||||
Net increase (decrease) in assets derived from | ||||||||
principal transactions | (21,892) | (19) | 20 | (2,133) | ||||
Total increase (decrease) in net assets | (26,589) | (20) | 22 | 2,229 | ||||
Net assets at December 31, 2006 | 131,557 | - | 22 | 33,826 | ||||
Increase (decrease) in net assets from operations |
||||||||
Operations: | ||||||||
Net investment income (loss) | 434 | - | - | (193) | ||||
Total realized gain (loss) on investments and capital gains | ||||||||
distributions | 15,123 | - | 6 | 4,881 | ||||
Net unrealized appreciation (depreciation) during the year | (5,598) | - | (8) | (5,673) | ||||
Net increase (decrease) in net assets from operations | 9,959 | - | (2) | (985) | ||||
Changes from contract transactions: | ||||||||
Total unit transactions | (141,516) | - | 17 | (4,206) | ||||
Net increase (decrease) in assets derived from | ||||||||
principal transactions | (141,516) | - | 17 | (4,206) | ||||
Total increase (decrease) in net assets | (131,557) | - | 15 | (5,191) | ||||
Net assets at December 31, 2007 | $ - | $ - | $ 37 | $ 28,635 |
The accompanying notes are an integral part of these financial statements.
128
VARIABLE ANNUITY ACCOUNT C OF
ING LIFE INSURANCE AND ANNUITY COMPANY
Statements of Changes in Net Assets
For the years ended December 31, 2007 and 2006
(Dollars in thousands)
ING Baron | ING Baron | ING Columbia | ||||||
Small Cap | Small Cap | Small Cap | ||||||
ING Baron | Growth | Growth | Value II | |||||
Asset Portfolio | Portfolio - | Portfolio - | Portfolio - | |||||
- Service Class | Adviser Class | Service Class | Service Class | |||||
Net assets at January 1, 2006 | $ - | $ - | $ 79,169 | $ - | ||||
Increase (decrease) in net assets from operations |
||||||||
Operations: | ||||||||
Net investment income (loss) | (1) | - | (888) | - | ||||
Total realized gain (loss) on investments and capital gains | ||||||||
distributions | 1 | (2) | 4,474 | - | ||||
Net unrealized appreciation (depreciation) during the year | 13 | 3 | 7,482 | 3 | ||||
Net increase (decrease) in net assets from operations | 13 | 1 | 11,068 | 3 | ||||
Changes from contract transactions: | ||||||||
Total unit transactions | 293 | 62 | 1,214 | 36 | ||||
Net increase (decrease) in assets derived from | ||||||||
principal transactions | 293 | 62 | 1,214 | 36 | ||||
Total increase (decrease) in net assets | 306 | 63 | 12,282 | 39 | ||||
Net assets at December 31, 2006 | 306 | 63 | 91,451 | 39 | ||||
Increase (decrease) in net assets from operations |
||||||||
Operations: | ||||||||
Net investment income (loss) | (18) | (1) | (996) | (3) | ||||
Total realized gain (loss) on investments and capital gains | ||||||||
distributions | 48 | 8 | 3,264 | 9 | ||||
Net unrealized appreciation (depreciation) during the year | 58 | (3) | 2,329 | (31) | ||||
Net increase (decrease) in net assets from operations | 88 | 4 | 4,597 | (25) | ||||
Changes from contract transactions: | ||||||||
Total unit transactions | 2,823 | 190 | 12,652 | 782 | ||||
Net increase (decrease) in assets derived from | ||||||||
principal transactions | 2,823 | 190 | 12,652 | 782 | ||||
Total increase (decrease) in net assets | 2,911 | 194 | 17,249 | 757 | ||||
Net assets at December 31, 2007 | $ 3,217 | $ 257 | $ 108,700 | $ 796 |
The accompanying notes are an integral part of these financial statements.
129
VARIABLE ANNUITY ACCOUNT C OF
ING LIFE INSURANCE AND ANNUITY COMPANY
Statements of Changes in Net Assets
For the years ended December 31, 2007 and 2006
(Dollars in thousands)
ING | ING | |||||||||
ING Davis New | ING Fidelity® | Fundamental | Fundamental | |||||||
York Venture | VIP Mid Cap | Research | Research | |||||||
Portfolio - | Portfolio - | Portfolio - | Portfolio - | |||||||
Service Class | Service Class | Adviser Class | Service Class | |||||||
Net assets at January 1, 2006 | $ 7,330 | $ - | $ - | $ 1,536 | ||||||
Increase (decrease) in net assets from operations |
||||||||||
Operations: | ||||||||||
Net investment income (loss) | (89) | - | - | (16) | ||||||
Total realized gain (loss) on investments and capital gains | ||||||||||
distributions | 781 | - | - | 91 | ||||||
Net unrealized appreciation (depreciation) during the year | 315 | 2 | - | 79 | ||||||
Net increase (decrease) in net assets from operations | 1,007 | 2 | - | 154 | ||||||
Changes from contract transactions: | ||||||||||
Total unit transactions | 1,131 | 108 | 5 | (180) | ||||||
Net increase (decrease) in assets derived from | ||||||||||
principal transactions | 1,131 | 108 | 5 | (180) | ||||||
Total increase (decrease) in net assets | 2,138 | 110 | 5 | (26) | ||||||
Net assets at December 31, 2006 | 9,468 | 110 | 5 | 1,510 | ||||||
Increase (decrease) in net assets from operations |
||||||||||
Operations: | ||||||||||
Net investment income (loss) | (85) | (5) | - | 4 | ||||||
Total realized gain (loss) on investments and capital gains | ||||||||||
distributions | 394 | 19 | - | 270 | ||||||
Net unrealized appreciation (depreciation) during the year | (49) | 81 | - | (234) | ||||||
Net increase (decrease) in net assets from operations | 260 | 95 | - | 40 | ||||||
Changes from contract transactions: | ||||||||||
Total unit transactions | 1,585 | 3,839 | (5) | (1,550) | ||||||
Net increase (decrease) in assets derived from | ||||||||||
principal transactions | 1,585 | 3,839 | (5) | (1,550) | ||||||
Total increase (decrease) in net assets | 1,845 | 3,934 | (5) | (1,510) | ||||||
Net assets at December 31, 2007 | $ 11,313 | $ 4,044 | $ - | $ - |
The accompanying notes are an integral part of these financial statements.
130
VARIABLE ANNUITY ACCOUNT C OF
ING LIFE INSURANCE AND ANNUITY COMPANY
Statements of Changes in Net Assets
For the years ended December 31, 2007 and 2006
(Dollars in thousands)
ING Goldman | ||||||||||
ING Goldman | Sachs® | |||||||||
Sachs® Capital | Structured | ING JPMorgan | ING JPMorgan | |||||||
Growth | Equity | International | International | |||||||
Portfolio - | Portfolio - | Portfolio - | Portfolio - | |||||||
Service Class | Adviser Class | Adviser Class | Initial Class | |||||||
Net assets at January 1, 2006 | $ 2,001 | $ - | $ - | $ 139,805 | ||||||
Increase (decrease) in net assets from operations |
||||||||||
Operations: | ||||||||||
Net investment income (loss) | (21) | - | - | (136) | ||||||
Total realized gain (loss) on investments and capital gains | ||||||||||
distributions | 95 | - | - | 11,560 | ||||||
Net unrealized appreciation (depreciation) during the year | 72 | - | 1 | 16,783 | ||||||
Net increase (decrease) in net assets from operations | 146 | - | 1 | 28,207 | ||||||
Changes from contract transactions: | ||||||||||
Total unit transactions | 10 | 2 | 19 | (17,809) | ||||||
Net increase (decrease) in assets derived from | ||||||||||
principal transactions | 10 | 2 | 19 | (17,809) | ||||||
Total increase (decrease) in net assets | 156 | 2 | 20 | 10,398 | ||||||
Net assets at December 31, 2006 | 2,157 | 2 | 20 | 150,203 | ||||||
Increase (decrease) in net assets from operations |
||||||||||
Operations: | ||||||||||
Net investment income (loss) | 25 | - | 3 | 1,581 | ||||||
Total realized gain (loss) on investments and capital gains | ||||||||||
distributions | 244 | - | 3 | 14,809 | ||||||
Net unrealized appreciation (depreciation) during the year | (224) | - | (4) | (3,771) | ||||||
Net increase (decrease) in net assets from operations | 45 | - | 2 | 12,619 | ||||||
Changes from contract transactions: | ||||||||||
Total unit transactions | (2,202) | (2) | 169 | (20,511) | ||||||
Net increase (decrease) in assets derived from | ||||||||||
principal transactions | (2,202) | (2) | 169 | (20,511) | ||||||
Total increase (decrease) in net assets | (2,157) | (2) | 171 | (7,892) | ||||||
Net assets at December 31, 2007 | $ - | $ - | $ 191 | $ 142,311 |
The accompanying notes are an integral part of these financial statements.
131
VARIABLE ANNUITY ACCOUNT C OF
ING LIFE INSURANCE AND ANNUITY COMPANY
Statements of Changes in Net Assets
For the years ended December 31, 2007 and 2006
(Dollars in thousands)
ING Legg | ||||||||
Mason Partners | ||||||||
ING JPMorgan | ING JPMorgan | ING JPMorgan | Aggressive | |||||
International | Mid Cap Value | Mid Cap Value | Growth | |||||
Portfolio - | Portfolio - | Portfolio - | Portfolio - | |||||
Service Class | Adviser Class | Service Class | Adviser Class | |||||
Net assets at January 1, 2006 | $ 3 | $ - | $ 24,333 | $ - | ||||
Increase (decrease) in net assets from operations |
||||||||
Operations: | ||||||||
Net investment income (loss) | - | - | (288) | - | ||||
Total realized gain (loss) on investments and capital gains | ||||||||
distributions | 1 | 1 | 572 | - | ||||
Net unrealized appreciation (depreciation) during the year | 1 | 4 | 3,657 | 1 | ||||
Net increase (decrease) in net assets from operations | 2 | 5 | 3,941 | 1 | ||||
Changes from contract transactions: | ||||||||
Total unit transactions | 11 | 86 | 4,304 | 16 | ||||
Net increase (decrease) in assets derived from | ||||||||
principal transactions | 11 | 86 | 4,304 | 16 | ||||
Total increase (decrease) in net assets | 13 | 91 | 8,245 | 17 | ||||
Net assets at December 31, 2006 | 16 | 91 | 32,578 | 17 | ||||
Increase (decrease) in net assets from operations |
||||||||
Operations: | ||||||||
Net investment income (loss) | - | - | (183) | - | ||||
Total realized gain (loss) on investments and capital gains | ||||||||
distributions | - | 23 | 2,736 | 4 | ||||
Net unrealized appreciation (depreciation) during the year | 1 | (35) | (2,133) | (7) | ||||
Net increase (decrease) in net assets from operations | 1 | (12) | 420 | (3) | ||||
Changes from contract transactions: | ||||||||
Total unit transactions | 14 | 307 | 1,986 | 82 | ||||
Net increase (decrease) in assets derived from | ||||||||
principal transactions | 14 | 307 | 1,986 | 82 | ||||
Total increase (decrease) in net assets | 15 | 295 | 2,406 | 79 | ||||
Net assets at December 31, 2007 | $ 31 | $ 386 | $ 34,984 | $ 96 |
The accompanying notes are an integral part of these financial statements.
132
VARIABLE ANNUITY ACCOUNT C OF
ING LIFE INSURANCE AND ANNUITY COMPANY
Statements of Changes in Net Assets
For the years ended December 31, 2007 and 2006
(Dollars in thousands)
ING Legg | ING Legg | ING Legg | ING Legg | |||||
Mason Partners | Mason Partners | Mason Partners | Mason Partners | |||||
Aggressive | Aggressive | Large Cap | Large Cap | |||||
Growth | Growth | Growth | Growth | |||||
Portfolio - | Portfolio - | Portfolio - | Portfolio - | |||||
Initial Class | Service Class | Adviser Class | Initial Class | |||||
Net assets at January 1, 2006 | $ 213,925 | $ 36 | $ - | $ 4,113 | ||||
Increase (decrease) in net assets from operations |
||||||||
Operations: | ||||||||
Net investment income (loss) | (2,190) | - | - | (40) | ||||
Total realized gain (loss) on investments and capital gains | ||||||||
distributions | (1,080) | - | - | 70 | ||||
Net unrealized appreciation (depreciation) during the year | 21,852 | 6 | 1 | 65 | ||||
Net increase (decrease) in net assets from operations | 18,582 | 6 | 1 | 95 | ||||
Changes from contract transactions: | ||||||||
Total unit transactions | (28,700) | 40 | 32 | (358) | ||||
Net increase (decrease) in assets derived from | ||||||||
principal transactions | (28,700) | 40 | 32 | (358) | ||||
Total increase (decrease) in net assets | (10,118) | 46 | 33 | (263) | ||||
Net assets at December 31, 2006 | 203,807 | 82 | 33 | 3,850 | ||||
Increase (decrease) in net assets from operations |
||||||||
Operations: | ||||||||
Net investment income (loss) | (1,922) | (1) | - | (38) | ||||
Total realized gain (loss) on investments and capital gains | ||||||||
distributions | (9,429) | 4 | 6 | 153 | ||||
Net unrealized appreciation (depreciation) during the year | 7,512 | (6) | (5) | 26 | ||||
Net increase (decrease) in net assets from operations | (3,839) | (3) | 1 | 141 | ||||
Changes from contract transactions: | ||||||||
Total unit transactions | (38,945) | 8 | 108 | (455) | ||||
Net increase (decrease) in assets derived from | ||||||||
principal transactions | (38,945) | 8 | 108 | (455) | ||||
Total increase (decrease) in net assets | (42,784) | 5 | 109 | (314) | ||||
Net assets at December 31, 2007 | $ 161,023 | $ 87 | $ 142 | $ 3,536 |
The accompanying notes are an integral part of these financial statements.
133
VARIABLE ANNUITY ACCOUNT C OF
ING LIFE INSURANCE AND ANNUITY COMPANY
Statements of Changes in Net Assets
For the years ended December 31, 2007 and 2006
(Dollars in thousands)
ING Neuberger | ING Neuberger | ING | ||||||||
Berman | Berman | ING OpCap | Oppenheimer | |||||||
Partners | Regency | Balanced Value | Global | |||||||
Portfolio - | Portfolio - | Portfolio - | Portfolio - | |||||||
Service Class | Service Class | Service Class | Adviser Class | |||||||
Net assets at January 1, 2006 | $ - | $ - | $ 16,573 | $ - | ||||||
Increase (decrease) in net assets from operations |
||||||||||
Operations: | ||||||||||
Net investment income (loss) | - | - | (28) | - | ||||||
Total realized gain (loss) on investments and capital gains | ||||||||||
distributions | 7 | - | 660 | 1 | ||||||
Net unrealized appreciation (depreciation) during the year | - | - | 588 | 5 | ||||||
Net increase (decrease) in net assets from operations | 7 | - | 1,220 | 6 | ||||||
Changes from contract transactions: | ||||||||||
Total unit transactions | 225 | 1 | (4,296) | 90 | ||||||
Net increase (decrease) in assets derived from | ||||||||||
principal transactions | 225 | 1 | (4,296) | 90 | ||||||
Total increase (decrease) in net assets | 232 | 1 | (3,076) | 96 | ||||||
Net assets at December 31, 2006 | 232 | 1 | 13,497 | 96 | ||||||
Increase (decrease) in net assets from operations |
||||||||||
Operations: | ||||||||||
Net investment income (loss) | (8) | - | 27 | - | ||||||
Total realized gain (loss) on investments and capital gains | ||||||||||
distributions | 40 | - | 1,739 | 15 | ||||||
Net unrealized appreciation (depreciation) during the year | (52) | (2) | (2,299) | (12) | ||||||
Net increase (decrease) in net assets from operations | (20) | (2) | (533) | 3 | ||||||
Changes from contract transactions: | ||||||||||
Total unit transactions | 2,054 | 63 | (2,003) | 266 | ||||||
Net increase (decrease) in assets derived from | ||||||||||
principal transactions | 2,054 | 63 | (2,003) | 266 | ||||||
Total increase (decrease) in net assets | 2,034 | 61 | (2,536) | 269 | ||||||
Net assets at December 31, 2007 | $ 2,266 | $ 62 | $ 10,961 | $ 365 |
The accompanying notes are an integral part of these financial statements.
134
VARIABLE ANNUITY ACCOUNT C OF
ING LIFE INSURANCE AND ANNUITY COMPANY
Statements of Changes in Net Assets
For the years ended December 31, 2007 and 2006
(Dollars in thousands)
ING | ING | Oppenheimer | Oppenheimer | |||||||
Oppenheimer | Oppenheimer | Strategic | Strategic | |||||||
Global | Global | Income | Income | |||||||
Portfolio - | Portfolio - | Portfolio - | Portfolio - | |||||||
Initial Class | Service Class | Adviser Class | Initial Class | |||||||
Net assets at January 1, 2006 | $ 881,737 | $ 20 | $ - | $ 116,350 | ||||||
Increase (decrease) in net assets from operations |
||||||||||
Operations: | ||||||||||
Net investment income (loss) | (8,716) | (2) | - | (654) | ||||||
Total realized gain (loss) on investments and capital gains | ||||||||||
distributions | 31,773 | 2 | - | 644 | ||||||
Net unrealized appreciation (depreciation) during the year | 119,373 | 18 | 5 | 8,090 | ||||||
Net increase (decrease) in net assets from operations | 142,430 | 18 | 5 | 8,080 | ||||||
Changes from contract transactions: | ||||||||||
Total unit transactions | (102,837) | 142 | 122 | (11,537) | ||||||
Net increase (decrease) in assets derived from | ||||||||||
principal transactions | (102,837) | 142 | 122 | (11,537) | ||||||
Total increase (decrease) in net assets | 39,593 | 160 | 127 | (3,457) | ||||||
Net assets at December 31, 2006 | 921,330 | 180 | 127 | 112,893 | ||||||
Increase (decrease) in net assets from operations |
||||||||||
Operations: | ||||||||||
Net investment income (loss) | 298 | 1 | 9 | 4,210 | ||||||
Total realized gain (loss) on investments and capital gains | ||||||||||
distributions | 81,523 | 24 | 3 | 1,642 | ||||||
Net unrealized appreciation (depreciation) during the year | (31,597) | (17) | 2 | 2,740 | ||||||
Net increase (decrease) in net assets from operations | 50,224 | 8 | 14 | 8,592 | ||||||
Changes from contract transactions: | ||||||||||
Total unit transactions | (130,832) | 251 | 134 | 4,203 | ||||||
Net increase (decrease) in assets derived from | ||||||||||
principal transactions | (130,832) | 251 | 134 | 4,203 | ||||||
Total increase (decrease) in net assets | (80,608) | 259 | 148 | 12,795 | ||||||
Net assets at December 31, 2007 | $ 840,722 | $ 439 | $ 275 | $ 125,688 |
The accompanying notes are an integral part of these financial statements.
135
VARIABLE ANNUITY ACCOUNT C OF
ING LIFE INSURANCE AND ANNUITY COMPANY
Statements of Changes in Net Assets
For the years ended December 31, 2007 and 2006
(Dollars in thousands)
ING PIMCO | ING PIMCO | ING Pioneer | ING Pioneer | |||||
Total Return | Total Return | High Yield | High Yield | |||||
Portfolio - | Portfolio - | Portfolio - | Portfolio - | |||||
Adviser Class | Service Class | Initial Class | Service Class | |||||
Net assets at January 1, 2006 | $ - | $ 54,953 | $ - | $ - | ||||
Increase (decrease) in net assets from operations |
||||||||
Operations: | ||||||||
Net investment income (loss) | 2 | 394 | 11 | - | ||||
Total realized gain (loss) on investments and capital gains | ||||||||
distributions | - | 107 | 3 | - | ||||
Net unrealized appreciation (depreciation) during the year | 5 | 1,238 | 14 | - | ||||
Net increase (decrease) in net assets from operations | 7 | 1,739 | 28 | - | ||||
Changes from contract transactions: | ||||||||
Total unit transactions | 262 | 6,231 | 972 | 6 | ||||
Net increase (decrease) in assets derived from | ||||||||
principal transactions | 262 | 6,231 | 972 | 6 | ||||
Total increase (decrease) in net assets | 269 | 7,970 | 1,000 | 6 | ||||
Net assets at December 31, 2006 | 269 | 62,923 | 1,000 | 6 | ||||
Increase (decrease) in net assets from operations |
||||||||
Operations: | ||||||||
Net investment income (loss) | 15 | 1,665 | 162 | 2 | ||||
Total realized gain (loss) on investments and capital gains | ||||||||
distributions | 5 | 433 | 40 | - | ||||
Net unrealized appreciation (depreciation) during the year | 22 | 3,685 | (127) | (3) | ||||
Net increase (decrease) in net assets from operations | 42 | 5,783 | 75 | (1) | ||||
Changes from contract transactions: | ||||||||
Total unit transactions | 243 | 14,304 | 4,109 | 90 | ||||
Net increase (decrease) in assets derived from | ||||||||
principal transactions | 243 | 14,304 | 4,109 | 90 | ||||
Total increase (decrease) in net assets | 285 | 20,087 | 4,184 | 89 | ||||
Net assets at December 31, 2007 | $ 554 | $ 83,010 | $ 5,184 | $ 95 |
The accompanying notes are an integral part of these financial statements.
136
VARIABLE ANNUITY ACCOUNT C OF
ING LIFE INSURANCE AND ANNUITY COMPANY
Statements of Changes in Net Assets
For the years ended December 31, 2007 and 2006
(Dollars in thousands)
ING Solution | ING Solution | ING Solution | ING Solution | |||||
2015 Portfolio - | 2015 Portfolio - | 2025 Portfolio - | 2025 Portfolio - | |||||
Adviser Class | Service Class | Adviser Class | Service Class | |||||
Net assets at January 1, 2006 | $ 440 | $ 1,980 | $ 266 | $ 1,918 | ||||
Increase (decrease) in net assets from operations |
||||||||
Operations: | ||||||||
Net investment income (loss) | (8) | (52) | (10) | (53) | ||||
Total realized gain (loss) on investments and capital gains | ||||||||
distributions | 12 | 58 | 7 | 71 | ||||
Net unrealized appreciation (depreciation) during the year | 150 | 919 | 255 | 1,237 | ||||
Net increase (decrease) in net assets from operations | 154 | 925 | 252 | 1,255 | ||||
Changes from contract transactions: | ||||||||
Total unit transactions | 2,256 | 12,303 | 3,872 | 15,010 | ||||
Net increase (decrease) in assets derived from | ||||||||
principal transactions | 2,256 | 12,303 | 3,872 | 15,010 | ||||
Total increase (decrease) in net assets | 2,410 | 13,228 | 4,124 | 16,265 | ||||
Net assets at December 31, 2006 | 2,850 | 15,208 | 4,390 | 18,183 | ||||
Increase (decrease) in net assets from operations |
||||||||
Operations: | ||||||||
Net investment income (loss) | (1) | (81) | (12) | (127) | ||||
Total realized gain (loss) on investments and capital gains | ||||||||
distributions | 68 | 673 | 109 | 615 | ||||
Net unrealized appreciation (depreciation) during the year | 137 | 52 | 135 | 226 | ||||
Net increase (decrease) in net assets from operations | 204 | 644 | 232 | 714 | ||||
Changes from contract transactions: | ||||||||
Total unit transactions | 6,696 | 14,447 | 7,481 | 20,666 | ||||
Net increase (decrease) in assets derived from | ||||||||
principal transactions | 6,696 | 14,447 | 7,481 | 20,666 | ||||
Total increase (decrease) in net assets | 6,900 | 15,091 | 7,713 | 21,380 | ||||
Net assets at December 31, 2007 | $ 9,750 | $ 30,299 | $ 12,103 | $ 39,563 |
The accompanying notes are an integral part of these financial statements.
137
VARIABLE ANNUITY ACCOUNT C OF
ING LIFE INSURANCE AND ANNUITY COMPANY
Statements of Changes in Net Assets
For the years ended December 31, 2007 and 2006
(Dollars in thousands)
ING Solution | ING Solution | ING Solution | ING Solution | |||||
2035 Portfolio - | 2035 Portfolio - | 2045 Portfolio - | 2045 Portfolio - | |||||
Adviser Class | Service Class | Adviser Class | Service Class | |||||
Net assets at January 1, 2006 | $ 440 | $ 1,176 | $ 256 | $ 586 | ||||
Increase (decrease) in net assets from operations |
||||||||
Operations: | ||||||||
Net investment income (loss) | (12) | (41) | (7) | (29) | ||||
Total realized gain (loss) on investments and capital gains | ||||||||
distributions | 8 | 71 | 4 | 61 | ||||
Net unrealized appreciation (depreciation) during the year | 255 | 874 | 155 | 525 | ||||
Net increase (decrease) in net assets from operations | 251 | 904 | 152 | 557 | ||||
Changes from contract transactions: | ||||||||
Total unit transactions | 3,163 | 9,926 | 1,842 | 6,443 | ||||
Net increase (decrease) in assets derived from | ||||||||
principal transactions | 3,163 | 9,926 | 1,842 | 6,443 | ||||
Total increase (decrease) in net assets | 3,414 | 10,830 | 1,994 | 7,000 | ||||
Net assets at December 31, 2006 | 3,854 | 12,006 | 2,250 | 7,586 | ||||
Increase (decrease) in net assets from operations |
||||||||
Operations: | ||||||||
Net investment income (loss) | (13) | (85) | (12) | (88) | ||||
Total realized gain (loss) on investments and capital gains | ||||||||
distributions | 96 | 381 | 79 | 220 | ||||
Net unrealized appreciation (depreciation) during the year | 62 | 289 | 27 | 283 | ||||
Net increase (decrease) in net assets from operations | 145 | 585 | 94 | 415 | ||||
Changes from contract transactions: | ||||||||
Total unit transactions | 5,831 | 14,953 | 5,514 | 9,461 | ||||
Net increase (decrease) in assets derived from | ||||||||
principal transactions | 5,831 | 14,953 | 5,514 | 9,461 | ||||
Total increase (decrease) in net assets | 5,976 | 15,538 | 5,608 | 9,876 | ||||
Net assets at December 31, 2007 | $ 9,830 | $ 27,544 | $ 7,858 | $ 17,462 |
The accompanying notes are an integral part of these financial statements.
138
VARIABLE ANNUITY ACCOUNT C OF
ING LIFE INSURANCE AND ANNUITY COMPANY
Statements of Changes in Net Assets
For the years ended December 31, 2007 and 2006
(Dollars in thousands)
ING T. Rowe | ING T. Rowe | |||||||
Price | Price | |||||||
ING Solution | ING Solution | Diversified Mid | Diversified Mid | |||||
Income | Income | Cap Growth | Cap Growth | |||||
Portfolio - | Portfolio - | Portfolio - | Portfolio - | |||||
Adviser Class | Service Class | Adviser Class | Initial Class | |||||
Net assets at January 1, 2006 | $ 40 | $ 341 | $ - | $ 429,422 | ||||
Increase (decrease) in net assets from operations |
||||||||
Operations: | ||||||||
Net investment income (loss) | (2) | (8) | - | (4,371) | ||||
Total realized gain (loss) on investments and capital gains | ||||||||
distributions | 3 | 15 | - | 21,200 | ||||
Net unrealized appreciation (depreciation) during the year | 37 | 82 | 1 | 15,200 | ||||
Net increase (decrease) in net assets from operations | 38 | 89 | 1 | 32,029 | ||||
Changes from contract transactions: | ||||||||
Total unit transactions | 1,579 | 2,316 | 38 | (64,164) | ||||
Net increase (decrease) in assets derived from | ||||||||
principal transactions | 1,579 | 2,316 | 38 | (64,164) | ||||
Total increase (decrease) in net assets | 1,617 | 2,405 | 39 | (32,135) | ||||
Net assets at December 31, 2006 | 1,657 | 2,746 | 39 | 397,287 | ||||
Increase (decrease) in net assets from operations |
||||||||
Operations: | ||||||||
Net investment income (loss) | 8 | (13) | - | (3,472) | ||||
Total realized gain (loss) on investments and capital gains | ||||||||
distributions | 41 | 125 | 13 | 49,859 | ||||
Net unrealized appreciation (depreciation) during the year | 211 | 63 | (7) | 275 | ||||
Net increase (decrease) in net assets from operations | 260 | 175 | 6 | 46,662 | ||||
Changes from contract transactions: | ||||||||
Total unit transactions | 5,510 | 4,464 | 320 | (54,649) | ||||
Net increase (decrease) in assets derived from | ||||||||
principal transactions | 5,510 | 4,464 | 320 | (54,649) | ||||
Total increase (decrease) in net assets | 5,770 | 4,639 | 326 | (7,987) | ||||
Net assets at December 31, 2007 | $ 7,427 | $ 7,385 | $ 365 | $ 389,300 |
The accompanying notes are an integral part of these financial statements.
139
VARIABLE ANNUITY ACCOUNT C OF
ING LIFE INSURANCE AND ANNUITY COMPANY
Statements of Changes in Net Assets
For the years ended December 31, 2007 and 2006
(Dollars in thousands)
ING T. Rowe | ||||||||
Price | ING T. Rowe | ING T. Rowe | ING T. Rowe | |||||
Diversified Mid | Price Growth | Price Growth | Price Growth | |||||
Cap Growth | Equity | Equity | Equity | |||||
Portfolio - | Portfolio - | Portfolio - | Portfolio - | |||||
Service Class | Adviser Class | Initial Class | Service Class | |||||
Net assets at January 1, 2006 | $ 230 | $ - | $ 282,041 | $ 446 | ||||
Increase (decrease) in net assets from operations |
||||||||
Operations: | ||||||||
Net investment income (loss) | (3) | - | (2,186) | (4) | ||||
Total realized gain (loss) on investments and capital gains | ||||||||
distributions | 19 | - | 6,155 | 12 | ||||
Net unrealized appreciation (depreciation) during the year | 14 | 9 | 28,097 | 74 | ||||
Net increase (decrease) in net assets from operations | 30 | 9 | 32,066 | 82 | ||||
Changes from contract transactions: | ||||||||
Total unit transactions | 165 | 134 | (32,576) | 339 | ||||
Net increase (decrease) in assets derived from | ||||||||
principal transactions | 165 | 134 | (32,576) | 339 | ||||
Total increase (decrease) in net assets | 195 | 143 | (510) | 421 | ||||
Net assets at December 31, 2006 | 425 | 143 | 281,531 | 867 | ||||
Increase (decrease) in net assets from operations |
||||||||
Operations: | ||||||||
Net investment income (loss) | (3) | (2) | (1,573) | (6) | ||||
Total realized gain (loss) on investments and capital gains | ||||||||
distributions | 56 | 53 | 12,711 | 75 | ||||
Net unrealized appreciation (depreciation) during the year | (3) | (29) | 12,582 | 18 | ||||
Net increase (decrease) in net assets from operations | 50 | 22 | 23,720 | 87 | ||||
Changes from contract transactions: | ||||||||
Total unit transactions | 39 | 990 | (30,226) | 280 | ||||
Net increase (decrease) in assets derived from | ||||||||
principal transactions | 39 | 990 | (30,226) | 280 | ||||
Total increase (decrease) in net assets | 89 | 1,012 | (6,506) | 367 | ||||
Net assets at December 31, 2007 | $ 514 | $ 1,155 | $ 275,025 | $ 1,234 |
The accompanying notes are an integral part of these financial statements.
140
VARIABLE ANNUITY ACCOUNT C OF
ING LIFE INSURANCE AND ANNUITY COMPANY
Statements of Changes in Net Assets
For the years ended December 31, 2007 and 2006
(Dollars in thousands)
ING UBS U.S. | ||||||||||
ING Templeton | ING | ING | Large Cap | |||||||
Foreign Equity | Thornburg | Thornburg | Equity | |||||||
Portfolio - | Value Portfolio | Value Portfolio | Portfolio - | |||||||
Service Class | - Adviser Class | - Initial Class | Adviser Class | |||||||
Net assets at January 1, 2006 | $ - | $ - | $ 118,725 | $ - | ||||||
Increase (decrease) in net assets from operations |
||||||||||
Operations: | ||||||||||
Net investment income (loss) | 2 | - | (618) | - | ||||||
Total realized gain (loss) on investments and capital gains | ||||||||||
distributions | 7 | - | (16,117) | - | ||||||
Net unrealized appreciation (depreciation) during the year | 17 | 4 | 33,319 | - | ||||||
Net increase (decrease) in net assets from operations | 26 | 4 | 16,584 | - | ||||||
Changes from contract transactions: | ||||||||||
Total unit transactions | 276 | 50 | (17,953) | - | ||||||
Net increase (decrease) in assets derived from | ||||||||||
principal transactions | 276 | 50 | (17,953) | - | ||||||
Total increase (decrease) in net assets | 302 | 54 | (1,369) | - | ||||||
Net assets at December 31, 2006 | 302 | 54 | 117,356 | - | ||||||
Increase (decrease) in net assets from operations |
||||||||||
Operations: | ||||||||||
Net investment income (loss) | 11 | (1) | (695) | - | ||||||
Total realized gain (loss) on investments and capital gains | ||||||||||
distributions | 131 | 7 | (6,680) | - | ||||||
Net unrealized appreciation (depreciation) during the year | 122 | (22) | 14,266 | - | ||||||
Net increase (decrease) in net assets from operations | 264 | (16) | 6,891 | - | ||||||
Changes from contract transactions: | ||||||||||
Total unit transactions | 4,867 | 483 | (10,814) | 13 | ||||||
Net increase (decrease) in assets derived from | ||||||||||
principal transactions | 4,867 | 483 | (10,814) | 13 | ||||||
Total increase (decrease) in net assets | 5,131 | 467 | (3,923) | 13 | ||||||
Net assets at December 31, 2007 | $ 5,433 | $ 521 | $ 113,433 | $ 13 |
The accompanying notes are an integral part of these financial statements.
141
VARIABLE ANNUITY ACCOUNT C OF
ING LIFE INSURANCE AND ANNUITY COMPANY
Statements of Changes in Net Assets
For the years ended December 31, 2007 and 2006
(Dollars in thousands)
ING UBS U.S. | ING UBS U.S. | ING UBS U.S. | ING Van | |||||||
Large Cap | Large Cap | Small Cap | Kampen | |||||||
Equity | Equity | Growth | Comstock | |||||||
Portfolio - | Portfolio - | Portfolio - | Portfolio - | |||||||
Initial Class | Service Class | Service Class | Adviser Class | |||||||
Net assets at January 1, 2006 | $ 134,490 | $ - | $ - | $ - | ||||||
Increase (decrease) in net assets from operations |
||||||||||
Operations: | ||||||||||
Net investment income (loss) | (349) | - | - | - | ||||||
Total realized gain (loss) on investments and capital gains | ||||||||||
distributions | (977) | - | 3 | 2 | ||||||
Net unrealized appreciation (depreciation) during the year | 17,951 | - | - | 5 | ||||||
Net increase (decrease) in net assets from operations | 16,625 | - | 3 | 7 | ||||||
Changes from contract transactions: | ||||||||||
Total unit transactions | (15,835) | 3 | 21 | 144 | ||||||
Net increase (decrease) in assets derived from | ||||||||||
principal transactions | (15,835) | 3 | 21 | 144 | ||||||
Total increase (decrease) in net assets | 790 | 3 | 24 | 151 | ||||||
Net assets at December 31, 2006 | 135,280 | 3 | 24 | 151 | ||||||
Increase (decrease) in net assets from operations |
||||||||||
Operations: | ||||||||||
Net investment income (loss) | (518) | - | (3) | 3 | ||||||
Total realized gain (loss) on investments and capital gains | ||||||||||
distributions | (3,980) | - | 16 | 18 | ||||||
Net unrealized appreciation (depreciation) during the year | 4,862 | - | (37) | (42) | ||||||
Net increase (decrease) in net assets from operations | 364 | - | (24) | (21) | ||||||
Changes from contract transactions: | ||||||||||
Total unit transactions | (9,172) | 3 | 592 | 252 | ||||||
Net increase (decrease) in assets derived from | ||||||||||
principal transactions | (9,172) | 3 | 592 | 252 | ||||||
Total increase (decrease) in net assets | (8,808) | 3 | 568 | 231 | ||||||
Net assets at December 31, 2007 | $ 126,472 | $ 6 | $ 592 | $ 382 |
The accompanying notes are an integral part of these financial statements.
142
VARIABLE ANNUITY ACCOUNT C OF
ING LIFE INSURANCE AND ANNUITY COMPANY
Statements of Changes in Net Assets
For the years ended December 31, 2007 and 2006
(Dollars in thousands)
ING Van | ING Van | ING Van | ING Van | |||||
Kampen | Kampen Equity | Kampen Equity | Kampen Equity | |||||
Comstock | and Income | and Income | and Income | |||||
Portfolio - | Portfolio - | Portfolio - | Portfolio - | |||||
Service Class | Adviser Class | Initial Class | Service Class | |||||
Net assets at January 1, 2006 | $ 98,136 | $ - | $ 344,729 | $ 13 | ||||
Increase (decrease) in net assets from operations |
||||||||
Operations: | ||||||||
Net investment income (loss) | (275) | - | 3,243 | - | ||||
Total realized gain (loss) on investments and capital gains | ||||||||
distributions | 10,310 | - | 16,366 | 2 | ||||
Net unrealized appreciation (depreciation) during the year | 4,322 | 1 | 20,526 | 4 | ||||
Net increase (decrease) in net assets from operations | 14,357 | 1 | 40,135 | 6 | ||||
Changes from contract transactions: | ||||||||
Total unit transactions | (12,252) | 20 | (6,307) | 71 | ||||
Net increase (decrease) in assets derived from | ||||||||
principal transactions | (12,252) | 20 | (6,307) | 71 | ||||
Total increase (decrease) in net assets | 2,105 | 21 | 33,828 | 77 | ||||
Net assets at December 31, 2006 | 100,241 | 21 | 378,557 | 90 | ||||
Increase (decrease) in net assets from operations |
||||||||
Operations: | ||||||||
Net investment income (loss) | 130 | 3 | 4,947 | 3 | ||||
Total realized gain (loss) on investments and capital gains | ||||||||
distributions | 6,497 | 5 | 21,684 | 6 | ||||
Net unrealized appreciation (depreciation) during the year | (9,132) | (4) | (16,807) | (8) | ||||
Net increase (decrease) in net assets from operations | (2,505) | 4 | 9,824 | 1 | ||||
Changes from contract transactions: | ||||||||
Total unit transactions | (13,824) | 178 | (63,112) | 97 | ||||
Net increase (decrease) in assets derived from | ||||||||
principal transactions | (13,824) | 178 | (63,112) | 97 | ||||
Total increase (decrease) in net assets | (16,329) | 182 | (53,288) | 98 | ||||
Net assets at December 31, 2007 | $ 83,912 | $ 203 | $ 325,269 | $ 188 |
The accompanying notes are an integral part of these financial statements.
143
VARIABLE ANNUITY ACCOUNT C OF
ING LIFE INSURANCE AND ANNUITY COMPANY
Statements of Changes in Net Assets
For the years ended December 31, 2007 and 2006
(Dollars in thousands)
ING VP | ING VP | ING VP | ||||||
Strategic | Strategic | Strategic | ING VP | |||||
Allocation | Allocation | Allocation | Growth and | |||||
Conservative | Growth | Moderate | Income | |||||
Portfolio - | Portfolio - | Portfolio - | Portfolio - | |||||
Class I | Class I | Class I | Class A | |||||
Net assets at January 1, 2006 | $ 39,166 | $ 81,185 | $ 73,683 | $ - | ||||
Increase (decrease) in net assets from operations |
||||||||
Operations: | ||||||||
Net investment income (loss) | 629 | 246 | 621 | - | ||||
Total realized gain (loss) on investments and capital gains | ||||||||
distributions | 2,407 | 2,151 | 2,774 | - | ||||
Net unrealized appreciation (depreciation) during the year | (230) | 7,313 | 4,155 | - | ||||
Net increase (decrease) in net assets from operations | 2,806 | 9,710 | 7,550 | - | ||||
Changes from contract transactions: | ||||||||
Total unit transactions | (2,452) | (2,303) | 1,574 | - | ||||
Net increase (decrease) in assets derived from | ||||||||
principal transactions | (2,452) | (2,303) | 1,574 | - | ||||
Total increase (decrease) in net assets | 354 | 7,407 | 9,124 | - | ||||
Net assets at December 31, 2006 | 39,520 | 88,592 | 82,807 | - | ||||
Increase (decrease) in net assets from operations |
||||||||
Operations: | ||||||||
Net investment income (loss) | 816 | 549 | 904 | 2 | ||||
Total realized gain (loss) on investments and capital gains | ||||||||
distributions | 1,684 | 7,336 | 5,765 | - | ||||
Net unrealized appreciation (depreciation) during the year | (754) | (4,560) | (3,399) | (1) | ||||
Net increase (decrease) in net assets from operations | 1,746 | 3,325 | 3,270 | 1 | ||||
Changes from contract transactions: | ||||||||
Total unit transactions | (3,605) | (7,328) | (12,927) | 157 | ||||
Net increase (decrease) in assets derived from | ||||||||
principal transactions | (3,605) | (7,328) | (12,927) | 157 | ||||
Total increase (decrease) in net assets | (1,859) | (4,003) | (9,657) | 158 | ||||
Net assets at December 31, 2007 | $ 37,661 | $ 84,589 | $ 73,150 | $ 158 |
The accompanying notes are an integral part of these financial statements.
144
VARIABLE ANNUITY ACCOUNT C OF
ING LIFE INSURANCE AND ANNUITY COMPANY
Statements of Changes in Net Assets
For the years ended December 31, 2007 and 2006
(Dollars in thousands)
ING VP | ING VP | |||||||
Growth and | Growth and | |||||||
Income | Income | ING GET U.S. | ING GET U.S. | |||||
Portfolio - | Portfolio - | Core Portfolio - | Core Portfolio - | |||||
Class I | Class S | Series 1 | Series 2 | |||||
Net assets at January 1, 2006 | $ 1,975,255 | $ - | $ 1,438 | 11,168 | ||||
Increase (decrease) in net assets from operations |
||||||||
Operations: | ||||||||
Net investment income (loss) | 788 | - | 15 | 161 | ||||
Total realized gain (loss) on investments and capital gains | ||||||||
distributions | (131,519) | - | 24 | 80 | ||||
Net unrealized appreciation (depreciation) during the year | 368,164 | - | 27 | 203 | ||||
Net increase (decrease) in net assets from operations | 237,433 | - | 66 | 444 | ||||
Changes from contract transactions: | ||||||||
Total unit transactions | (272,500) | - | (509) | (4,007) | ||||
Net increase (decrease) in assets derived from | ||||||||
principal transactions | (272,500) | - | (509) | (4,007) | ||||
Total increase (decrease) in net assets | (35,067) | - | (443) | (3,563) | ||||
Net assets at December 31, 2006 | 1,940,188 | - | 995 | 7,605 | ||||
Increase (decrease) in net assets from operations |
||||||||
Operations: | ||||||||
Net investment income (loss) | 3,797 | 1 | 13 | 113 | ||||
Total realized gain (loss) on investments and capital gains | ||||||||
distributions | (106,075) | - | 22 | 123 | ||||
Net unrealized appreciation (depreciation) during the year | 217,416 | - | (8) | (14) | ||||
Net increase (decrease) in net assets from operations | 115,138 | 1 | 27 | 222 | ||||
Changes from contract transactions: | ||||||||
Total unit transactions | (296,758) | 100 | (105) | (2,129) | ||||
Net increase (decrease) in assets derived from | ||||||||
principal transactions | (296,758) | 100 | (105) | (2,129) | ||||
Total increase (decrease) in net assets | (181,620) | 101 | (78) | (1,907) | ||||
Net assets at December 31, 2007 | $ 1,758,568 | $ 101 | $ 917 | $ 5,698 |
The accompanying notes are an integral part of these financial statements.
145
VARIABLE ANNUITY ACCOUNT C OF
ING LIFE INSURANCE AND ANNUITY COMPANY
Statements of Changes in Net Assets
For the years ended December 31, 2007 and 2006
(Dollars in thousands)
ING GET U.S. | ING GET U.S. | ING GET U.S. | ING GET U.S. | |||||
Core Portfolio - | Core Portfolio - | Core Portfolio - | Core Portfolio - | |||||
Series 3 | Series 5 | Series 6 | Series 7 | |||||
Net assets at January 1, 2006 | $ 37,121 | $ 645 | $ 4,616 | $ 3,939 | ||||
Increase (decrease) in net assets from operations |
||||||||
Operations: | ||||||||
Net investment income (loss) | 382 | 2 | 27 | 34 | ||||
Total realized gain (loss) on investments and capital gains | ||||||||
distributions | 37 | 28 | 73 | 34 | ||||
Net unrealized appreciation (depreciation) during the year | 981 | 29 | 222 | 238 | ||||
Net increase (decrease) in net assets from operations | 1,400 | 59 | 322 | 306 | ||||
Changes from contract transactions: | ||||||||
Total unit transactions | (10,636) | (19) | (1,007) | (689) | ||||
Net increase (decrease) in assets derived from | ||||||||
principal transactions | (10,636) | (19) | (1,007) | (689) | ||||
Total increase (decrease) in net assets | (9,236) | 40 | (685) | (383) | ||||
Net assets at December 31, 2006 | 27,885 | 685 | 3,931 | 3,556 | ||||
Increase (decrease) in net assets from operations |
||||||||
Operations: | ||||||||
Net investment income (loss) | 292 | - | 19 | 29 | ||||
Total realized gain (loss) on investments and capital gains | ||||||||
distributions | 305 | 34 | 265 | 196 | ||||
Net unrealized appreciation (depreciation) during the year | 326 | (30) | (239) | (169) | ||||
Net increase (decrease) in net assets from operations | 923 | 4 | 45 | 56 | ||||
Changes from contract transactions: | ||||||||
Total unit transactions | (5,604) | (29) | (1,058) | (1,096) | ||||
Net increase (decrease) in assets derived from | ||||||||
principal transactions | (5,604) | (29) | (1,058) | (1,096) | ||||
Total increase (decrease) in net assets | (4,681) | (25) | (1,013) | (1,040) | ||||
Net assets at December 31, 2007 | $ 23,204 | $ 660 | $ 2,918 | $ 2,516 |
The accompanying notes are an integral part of these financial statements.
146
VARIABLE ANNUITY ACCOUNT C OF
ING LIFE INSURANCE AND ANNUITY COMPANY
Statements of Changes in Net Assets
For the years ended December 31, 2007 and 2006
(Dollars in thousands)
ING GET U.S. | ING GET U.S. | ING GET U.S. | ING GET U.S. | |||||
Core Portfolio - | Core Portfolio - | Core Portfolio - | Core Portfolio - | |||||
Series 8 | Series 9 | Series 10 | Series 11 | |||||
Net assets at January 1, 2006 | $ 1,556 | $ 220 | $ 107 | $ 80 | ||||
Increase (decrease) in net assets from operations |
||||||||
Operations: | ||||||||
Net investment income (loss) | 2 | - | (1) | (1) | ||||
Total realized gain (loss) on investments and capital gains | ||||||||
distributions | 14 | - | 2 | - | ||||
Net unrealized appreciation (depreciation) during the year | 109 | 13 | 6 | 3 | ||||
Net increase (decrease) in net assets from operations | 125 | 13 | 7 | 2 | ||||
Changes from contract transactions: | ||||||||
Total unit transactions | (174) | (65) | (38) | (35) | ||||
Net increase (decrease) in assets derived from | ||||||||
principal transactions | (174) | (65) | (38) | (35) | ||||
Total increase (decrease) in net assets | (49) | (52) | (31) | (33) | ||||
Net assets at December 31, 2006 | 1,507 | 168 | 76 | 47 | ||||
Increase (decrease) in net assets from operations |
||||||||
Operations: | ||||||||
Net investment income (loss) | 4 | 1 | - | 1 | ||||
Total realized gain (loss) on investments and capital gains | ||||||||
distributions | 97 | 5 | 2 | 1 | ||||
Net unrealized appreciation (depreciation) during the year | (84) | (3) | - | (2) | ||||
Net increase (decrease) in net assets from operations | 17 | 3 | 2 | - | ||||
Changes from contract transactions: | ||||||||
Total unit transactions | (555) | (7) | (2) | - | ||||
Net increase (decrease) in assets derived from | ||||||||
principal transactions | (555) | (7) | (2) | - | ||||
Total increase (decrease) in net assets | (538) | (4) | - | - | ||||
Net assets at December 31, 2007 | $ 969 | $ 164 | $ 76 | $ 47 |
The accompanying notes are an integral part of these financial statements.
147
VARIABLE ANNUITY ACCOUNT C OF
ING LIFE INSURANCE AND ANNUITY COMPANY
Statements of Changes in Net Assets
For the years ended December 31, 2007 and 2006
(Dollars in thousands)
ING VP Global | ||||||||
Science and | ING VP | ING VP Index | ING VP Index | |||||
Technology | Growth | Plus LargeCap | Plus LargeCap | |||||
Portfolio - | Portfolio - | Portfolio - | Portfolio - | |||||
Class I | Class I | Class I | Class S | |||||
Net assets at January 1, 2006 | $ 40,552 | $ 78,900 | $ 532,133 | $ - | ||||
Increase (decrease) in net assets from operations |
||||||||
Operations: | ||||||||
Net investment income (loss) | (405) | (690) | 247 | - | ||||
Total realized gain (loss) on investments and capital gains | ||||||||
distributions | 2,142 | (12,107) | (16,794) | 2 | ||||
Net unrealized appreciation (depreciation) during the year | 589 | 13,849 | 83,656 | - | ||||
Net increase (decrease) in net assets from operations | 2,326 | 1,052 | 67,109 | 2 | ||||
Changes from contract transactions: | ||||||||
Total unit transactions | (5,284) | (12,115) | (59,790) | 5 | ||||
Net increase (decrease) in assets derived from | ||||||||
principal transactions | (5,284) | (12,115) | (59,790) | 5 | ||||
Total increase (decrease) in net assets | (2,958) | (11,063) | 7,319 | 7 | ||||
Net assets at December 31, 2006 | 37,594 | 67,837 | 539,452 | 7 | ||||
Increase (decrease) in net assets from operations |
||||||||
Operations: | ||||||||
Net investment income (loss) | (385) | (541) | 1,026 | - | ||||
Total realized gain (loss) on investments and capital gains | ||||||||
distributions | 1,796 | (3,169) | (7,474) | (3) | ||||
Net unrealized appreciation (depreciation) during the year | 4,645 | 13,275 | 27,106 | 2 | ||||
Net increase (decrease) in net assets from operations | 6,056 | 9,565 | 20,658 | (1) | ||||
Changes from contract transactions: | ||||||||
Total unit transactions | (816) | (15,081) | (91,018) | 328 | ||||
Net increase (decrease) in assets derived from | ||||||||
principal transactions | (816) | (15,081) | (91,018) | 328 | ||||
Total increase (decrease) in net assets | 5,240 | (5,516) | (70,360) | 327 | ||||
Net assets at December 31, 2007 | $ 42,834 | $ 62,321 | $ 469,092 | $ 334 |
The accompanying notes are an integral part of these financial statements.
148
VARIABLE ANNUITY ACCOUNT C OF
ING LIFE INSURANCE AND ANNUITY COMPANY
Statements of Changes in Net Assets
For the years ended December 31, 2007 and 2006
(Dollars in thousands)
ING VP Index | ING VP Index | ING VP Index | ING VP Index | |||||||
Plus MidCap | Plus MidCap | Plus SmallCap | Plus SmallCap | |||||||
Portfolio - | Portfolio - | Portfolio - | Portfolio - | |||||||
Class I | Class S | Class I | Class S | |||||||
Net assets at January 1, 2006 | $ 416,465 | $ - | $ 182,246 | $ - | ||||||
Increase (decrease) in net assets from operations |
||||||||||
Operations: | ||||||||||
Net investment income (loss) | (1,595) | - | (1,106) | - | ||||||
Total realized gain (loss) on investments and capital gains | ||||||||||
distributions | 47,518 | - | 20,788 | - | ||||||
Net unrealized appreciation (depreciation) during the year | (11,351) | 1 | 3,103 | 1 | ||||||
Net increase (decrease) in net assets from operations | 34,572 | 1 | 22,785 | 1 | ||||||
Changes from contract transactions: | ||||||||||
Total unit transactions | (29,309) | 42 | (15,154) | 51 | ||||||
Net increase (decrease) in assets derived from | ||||||||||
principal transactions | (29,309) | 42 | (15,154) | 51 | ||||||
Total increase (decrease) in net assets | 5,263 | 43 | 7,631 | 52 | ||||||
Net assets at December 31, 2006 | 421,728 | 43 | 189,877 | 52 | ||||||
Increase (decrease) in net assets from operations |
||||||||||
Operations: | ||||||||||
Net investment income (loss) | (928) | - | (944) | - | ||||||
Total realized gain (loss) on investments and capital gains | ||||||||||
distributions | 50,730 | 9 | 31,898 | 5 | ||||||
Net unrealized appreciation (depreciation) during the year | (29,602) | (15) | (42,343) | (13) | ||||||
Net increase (decrease) in net assets from operations | 20,200 | (6) | (11,389) | (8) | ||||||
Changes from contract transactions: | ||||||||||
Total unit transactions | (60,397) | 306 | (27,178) | 46 | ||||||
Net increase (decrease) in assets derived from | ||||||||||
principal transactions | (60,397) | 306 | (27,178) | 46 | ||||||
Total increase (decrease) in net assets | (40,197) | 300 | (38,567) | 38 | ||||||
Net assets at December 31, 2007 | $ 381,531 | $ 343 | $ 151,310 | $ 90 |
The accompanying notes are an integral part of these financial statements.
149
VARIABLE ANNUITY ACCOUNT C OF
ING LIFE INSURANCE AND ANNUITY COMPANY
Statements of Changes in Net Assets
For the years ended December 31, 2007 and 2006
(Dollars in thousands)
ING VP | ING VP | |||||||||||
International | International | ING VP Small | ING VP Small | |||||||||
Equity | Equity | Company | Company | |||||||||
Portfolio - | Portfolio - | Portfolio - | Portfolio - | |||||||||
Class I | Class S | Class I | Class S | |||||||||
Net assets at January 1, 2006 | $ 16,979 | $ - | $ 158,729 | $ - | ||||||||
Increase (decrease) in net assets from operations |
||||||||||||
Operations: | ||||||||||||
Net investment income (loss) | 110 | - | (1,020) | - | ||||||||
Total realized gain (loss) on investments and capital gains | ||||||||||||
distributions | 1,431 | - | 35,627 | - | ||||||||
Net unrealized appreciation (depreciation) during the year | 2,490 | 2 | (10,251) | - | ||||||||
Net increase (decrease) in net assets from operations | 4,031 | 2 | 24,356 | - | ||||||||
Changes from contract transactions: | ||||||||||||
Total unit transactions | 1,616 | 16 | (13,998) | 11 | ||||||||
Net increase (decrease) in assets derived from | ||||||||||||
principal transactions | 1,616 | 16 | (13,998) | 11 | ||||||||
Total increase (decrease) in net assets | 5,647 | 18 | 10,358 | 11 | ||||||||
Net assets at December 31, 2006 | 22,626 | 18 | 169,087 | 11 | ||||||||
Increase (decrease) in net assets from operations |
||||||||||||
Operations: | ||||||||||||
Net investment income (loss) | 587 | 1 | (1,271) | - | ||||||||
Total realized gain (loss) on investments and capital gains | ||||||||||||
distributions | 5,552 | 4 | 41,173 | 2 | ||||||||
Net unrealized appreciation (depreciation) during the year | (4,879) | (2) | (31,382) | (3) | ||||||||
Net increase (decrease) in net assets from operations | 1,260 | 3 | 8,520 | (1) | ||||||||
Changes from contract transactions: | ||||||||||||
Total unit transactions | (23,886) | (21) | (42,469) | 77 | ||||||||
Net increase (decrease) in assets derived from | ||||||||||||
principal transactions | (23,886) | (21) | (42,469) | 77 | ||||||||
Total increase (decrease) in net assets | (22,626) | (18) | (33,949) | 76 | ||||||||
Net assets at December 31, 2007 | $ - | $ - | $ 135,138 | $ 87 |
The accompanying notes are an integral part of these financial statements.
150
VARIABLE ANNUITY ACCOUNT C OF
ING LIFE INSURANCE AND ANNUITY COMPANY
Statements of Changes in Net Assets
For the years ended December 31, 2007 and 2006
(Dollars in thousands)
ING VP | ||||||||
ING VP Value | Financial | ING VP | ING VP | |||||
Opportunity | Services | International | International | |||||
Portfolio - | Portfolio - | Value Portfolio | Value Portfolio | |||||
Class I | Class I | - Class I | - Class S | |||||
Net assets at January 1, 2006 | $ 97,980 | $ 790 | $ 78,444 | $ - | ||||
Increase (decrease) in net assets from operations |
||||||||
Operations: | ||||||||
Net investment income (loss) | 412 | 8 | 1,502 | 1 | ||||
Total realized gain (loss) on investments and capital gains | ||||||||
distributions | 2,215 | 154 | 10,192 | 3 | ||||
Net unrealized appreciation (depreciation) during the year | 11,020 | 159 | 13,241 | 3 | ||||
Net increase (decrease) in net assets from operations | 13,647 | 321 | 24,935 | 7 | ||||
Changes from contract transactions: | ||||||||
Total unit transactions | (14,817) | 2,510 | 20,374 | 53 | ||||
Net increase (decrease) in assets derived from | ||||||||
principal transactions | (14,817) | 2,510 | 20,374 | 53 | ||||
Total increase (decrease) in net assets | (1,170) | 2,831 | 45,309 | 60 | ||||
Net assets at December 31, 2006 | 96,810 | 3,621 | 123,753 | 60 | ||||
Increase (decrease) in net assets from operations |
||||||||
Operations: | ||||||||
Net investment income (loss) | 590 | 19 | 1,111 | 3 | ||||
Total realized gain (loss) on investments and capital gains | ||||||||
distributions | 3,989 | 204 | 28,055 | 54 | ||||
Net unrealized appreciation (depreciation) during the year | (2,489) | (574) | (13,036) | (32) | ||||
Net increase (decrease) in net assets from operations | 2,090 | (351) | 16,130 | 25 | ||||
Changes from contract transactions: | ||||||||
Total unit transactions | (16,721) | (707) | 18,248 | 395 | ||||
Net increase (decrease) in assets derived from | ||||||||
principal transactions | (16,721) | (707) | 18,248 | 395 | ||||
Total increase (decrease) in net assets | (14,631) | (1,058) | 34,378 | 420 | ||||
Net assets at December 31, 2007 | $ 82,179 | $ 2,563 | $ 158,131 | $ 480 |
The accompanying notes are an integral part of these financial statements.
151
VARIABLE ANNUITY ACCOUNT C OF
ING LIFE INSURANCE AND ANNUITY COMPANY
Statements of Changes in Net Assets
For the years ended December 31, 2007 and 2006
(Dollars in thousands)
ING VP | ING VP | ING VP | ||||||||
MidCap | MidCap | SmallCap | ||||||||
Opportunities | Opportunities | ING VP Real | Opportunities | |||||||
Portfolio - | Portfolio - | Estate Portfolio | Portfolio - | |||||||
Class I | Class S | - Class I | Class I | |||||||
Net assets at January 1, 2006 | $ 5,277 | $ - | $ 47,193 | $ 9,331 | ||||||
Increase (decrease) in net assets from operations |
||||||||||
Operations: | ||||||||||
Net investment income (loss) | (67) | - | 876 | (90) | ||||||
Total realized gain (loss) on investments and capital gains | ||||||||||
distributions | 327 | - | 4,302 | 709 | ||||||
Net unrealized appreciation (depreciation) during the year | 47 | - | 14,669 | 413 | ||||||
Net increase (decrease) in net assets from operations | 307 | - | 19,847 | 1,032 | ||||||
Changes from contract transactions: | ||||||||||
Total unit transactions | 557 | 3 | 19,666 | (172) | ||||||
Net increase (decrease) in assets derived from | ||||||||||
principal transactions | 557 | 3 | 19,666 | (172) | ||||||
Total increase (decrease) in net assets | 864 | 3 | 39,513 | 860 | ||||||
Net assets at December 31, 2006 | 6,141 | 3 | 86,706 | 10,191 | ||||||
Increase (decrease) in net assets from operations |
||||||||||
Operations: | ||||||||||
Net investment income (loss) | (76) | - | 1,131 | (95) | ||||||
Total realized gain (loss) on investments and capital gains | ||||||||||
distributions | 552 | - | 13,392 | 797 | ||||||
Net unrealized appreciation (depreciation) during the year | 1,043 | 7 | (26,636) | 155 | ||||||
Net increase (decrease) in net assets from operations | 1,519 | 7 | (12,113) | 857 | ||||||
Changes from contract transactions: | ||||||||||
Total unit transactions | 2,098 | 60 | (25,561) | 867 | ||||||
Net increase (decrease) in assets derived from | ||||||||||
principal transactions | 2,098 | 60 | (25,561) | 867 | ||||||
Total increase (decrease) in net assets | 3,617 | 67 | (37,674) | 1,724 | ||||||
Net assets at December 31, 2007 | $ 9,758 | $ 70 | $ 49,032 | $ 11,915 |
The accompanying notes are an integral part of these financial statements.
152
VARIABLE ANNUITY ACCOUNT C OF
ING LIFE INSURANCE AND ANNUITY COMPANY
Statements of Changes in Net Assets
For the years ended December 31, 2007 and 2006
(Dollars in thousands)
ING VP | ||||||||||
SmallCap | ING VP | ING VP | ING VP | |||||||
Opportunities | Balanced | Intermediate | Intermediate | |||||||
Portfolio - | Portfolio - | Bond Portfolio | Bond Portfolio | |||||||
Class S | Class I | - Class I | - Class S | |||||||
Net assets at January 1, 2006 | $ - | $ 637,454 | $ 405,018 | $ - | ||||||
Increase (decrease) in net assets from operations |
||||||||||
Operations: | ||||||||||
Net investment income (loss) | - | 8,254 | 11,890 | - | ||||||
Total realized gain (loss) on investments and capital gains | ||||||||||
distributions | (2) | (9,580) | (383) | - | ||||||
Net unrealized appreciation (depreciation) during the year | - | 52,946 | 232 | - | ||||||
Net increase (decrease) in net assets from operations | (2) | 51,620 | 11,739 | - | ||||||
Changes from contract transactions: | ||||||||||
Total unit transactions | 12 | (100,710) | (16,611) | 12 | ||||||
Net increase (decrease) in assets derived from | ||||||||||
principal transactions | 12 | (100,710) | (16,611) | 12 | ||||||
Total increase (decrease) in net assets | 10 | (49,090) | (4,872) | 12 | ||||||
Net assets at December 31, 2006 | 10 | 588,364 | 400,146 | 12 | ||||||
Increase (decrease) in net assets from operations |
||||||||||
Operations: | ||||||||||
Net investment income (loss) | - | 8,816 | 11,361 | 9 | ||||||
Total realized gain (loss) on investments and capital gains | ||||||||||
distributions | 1 | 15,720 | 185 | 2 | ||||||
Net unrealized appreciation (depreciation) during the year | - | 253 | 8,421 | (1) | ||||||
Net increase (decrease) in net assets from operations | 1 | 24,789 | 19,967 | 10 | ||||||
Changes from contract transactions: | ||||||||||
Total unit transactions | 6 | (84,719) | 1,139 | 227 | ||||||
Net increase (decrease) in assets derived from | ||||||||||
principal transactions | 6 | (84,719) | 1,139 | 227 | ||||||
Total increase (decrease) in net assets | 7 | (59,930) | 21,106 | 237 | ||||||
Net assets at December 31, 2007 | $ 17 | $ 528,434 | $ 421,252 | $ 249 |
The accompanying notes are an integral part of these financial statements.
153
VARIABLE ANNUITY ACCOUNT C OF
ING LIFE INSURANCE AND ANNUITY COMPANY
Statements of Changes in Net Assets
For the years ended December 31, 2007 and 2006
(Dollars in thousands)
Janus Aspen | ||||||||
ING VP Money | ING VP | Series Balanced | ||||||
Market | Natural | Janus Adviser | Portfolio - | |||||
Portfolio - | Resources | Balanced Fund | Institutional | |||||
Class I | Trust | - Class S | Shares | |||||
Net assets at January 1, 2006 | $ 210,711 | 57,780 | $ 1 | $ 508 | ||||
Increase (decrease) in net assets from operations |
||||||||
Operations: | ||||||||
Net investment income (loss) | 3,985 | (775) | - | 4 | ||||
Total realized gain (loss) on investments and capital gains | ||||||||
distributions | 1,326 | 13,790 | - | 25 | ||||
Net unrealized appreciation (depreciation) during the year | 5,988 | (2,424) | - | 10 | ||||
Net increase (decrease) in net assets from operations | 11,299 | 10,591 | - | 39 | ||||
Changes from contract transactions: | ||||||||
Total unit transactions | 140,762 | 4,610 | - | (153) | ||||
Net increase (decrease) in assets derived from | ||||||||
principal transactions | 140,762 | 4,610 | - | (153) | ||||
Total increase (decrease) in net assets | 152,061 | 15,201 | - | (114) | ||||
Net assets at December 31, 2006 | 362,772 | 72,981 | 1 | 394 | ||||
Increase (decrease) in net assets from operations |
||||||||
Operations: | ||||||||
Net investment income (loss) | 12,496 | 100 | - | 5 | ||||
Total realized gain (loss) on investments and capital gains | ||||||||
distributions | 2,597 | 3,577 | - | 30 | ||||
Net unrealized appreciation (depreciation) during the year | 4,291 | (7,706) | - | - | ||||
Net increase (decrease) in net assets from operations | 19,384 | (4,029) | - | 35 | ||||
Changes from contract transactions: | ||||||||
Total unit transactions | 138,090 | (68,952) | - | (62) | ||||
Net increase (decrease) in assets derived from | ||||||||
principal transactions | 138,090 | (68,952) | - | (62) | ||||
Total increase (decrease) in net assets | 157,474 | (72,981) | - | (27) | ||||
Net assets at December 31, 2007 | $ 520,246 | $ - | $ 1 | $ 367 |
The accompanying notes are an integral part of these financial statements.
154
VARIABLE ANNUITY ACCOUNT C OF
ING LIFE INSURANCE AND ANNUITY COMPANY
Statements of Changes in Net Assets
For the years ended December 31, 2007 and 2006
(Dollars in thousands)
Janus Aspen | ||||||||||
Janus Aspen | Janus Aspen | Series | ||||||||
Janus Aspen | Series Large | Series Mid Cap | Worldwide | |||||||
Series Flexible | Cap Growth | Growth | Growth | |||||||
Bond Portfolio | Portfolio - | Portfolio - | Portfolio - | |||||||
- Institutional | Institutional | Institutional | Institutional | |||||||
Shares | Shares | Shares | Shares | |||||||
Net assets at January 1, 2006 | $ 146 | $ 185 | $ 489 | $ 381 | ||||||
Increase (decrease) in net assets from operations |
||||||||||
Operations: | ||||||||||
Net investment income (loss) | 4 | (1) | (6) | 2 | ||||||
Total realized gain (loss) on investments and capital gains | ||||||||||
distributions | (5) | 7 | 47 | 22 | ||||||
Net unrealized appreciation (depreciation) during the year | 4 | 10 | 13 | 30 | ||||||
Net increase (decrease) in net assets from operations | 3 | 16 | 54 | 54 | ||||||
Changes from contract transactions: | ||||||||||
Total unit transactions | (35) | (53) | (77) | (82) | ||||||
Net increase (decrease) in assets derived from | ||||||||||
principal transactions | (35) | (53) | (77) | (82) | ||||||
Total increase (decrease) in net assets | (32) | (37) | (23) | (28) | ||||||
Net assets at December 31, 2006 | 114 | 148 | 466 | 353 | ||||||
Increase (decrease) in net assets from operations |
||||||||||
Operations: | ||||||||||
Net investment income (loss) | 4 | (1) | (5) | (1) | ||||||
Total realized gain (loss) on investments and capital gains | ||||||||||
distributions | (3) | 13 | 79 | 27 | ||||||
Net unrealized appreciation (depreciation) during the year | 5 | 7 | 19 | 4 | ||||||
Net increase (decrease) in net assets from operations | 6 | 19 | 93 | 30 | ||||||
Changes from contract transactions: | ||||||||||
Total unit transactions | (21) | (17) | (69) | (66) | ||||||
Net increase (decrease) in assets derived from | ||||||||||
principal transactions | (21) | (17) | (69) | (66) | ||||||
Total increase (decrease) in net assets | (15) | 2 | 24 | (36) | ||||||
Net assets at December 31, 2007 | $ 99 | $ 150 | $ 490 | $ 317 |
The accompanying notes are an integral part of these financial statements.
155
VARIABLE ANNUITY ACCOUNT C OF
ING LIFE INSURANCE AND ANNUITY COMPANY
Statements of Changes in Net Assets
For the years ended December 31, 2007 and 2006
(Dollars in thousands)
Legg Mason | ||||||||
Lazard Mid | Value Trust, | LKCM | Lord Abbett | |||||
Cap Portfolio - | Inc. - Primary | Aquinas | Affiliated Fund | |||||
Open Shares | Class | Growth Fund | - Class A | |||||
Net assets at January 1, 2006 | $ - | $ 1,329 | $ - | $ 747 | ||||
Increase (decrease) in net assets from operations |
||||||||
Operations: | ||||||||
Net investment income (loss) | - | (14) | (1) | 2 | ||||
Total realized gain (loss) on investments and capital gains | ||||||||
distributions | - | 30 | 1 | 80 | ||||
Net unrealized appreciation (depreciation) during the year | - | 60 | 17 | 65 | ||||
Net increase (decrease) in net assets from operations | - | 76 | 17 | 147 | ||||
Changes from contract transactions: | ||||||||
Total unit transactions | - | 109 | 166 | 350 | ||||
Net increase (decrease) in assets derived from | ||||||||
principal transactions | - | 109 | 166 | 350 | ||||
Total increase (decrease) in net assets | - | 185 | 183 | 497 | ||||
Net assets at December 31, 2006 | - | 1,514 | 183 | 1,244 | ||||
Increase (decrease) in net assets from operations |
||||||||
Operations: | ||||||||
Net investment income (loss) | 1 | 17 | (2) | (1) | ||||
Total realized gain (loss) on investments and capital gains | ||||||||
distributions | 18 | 192 | 17 | 65 | ||||
Net unrealized appreciation (depreciation) during the year | (61) | (210) | 8 | (52) | ||||
Net increase (decrease) in net assets from operations | (42) | (1) | 23 | 12 | ||||
Changes from contract transactions: | ||||||||
Total unit transactions | 368 | (1,513) | 30 | (1,256) | ||||
Net increase (decrease) in assets derived from | ||||||||
principal transactions | 368 | (1,513) | 30 | (1,256) | ||||
Total increase (decrease) in net assets | 326 | (1,514) | 53 | (1,244) | ||||
Net assets at December 31, 2007 | $ 326 | $ - | $ 236 | $ - |
The accompanying notes are an integral part of these financial statements.
156
VARIABLE ANNUITY ACCOUNT C OF
ING LIFE INSURANCE AND ANNUITY COMPANY
Statements of Changes in Net Assets
For the years ended December 31, 2007 and 2006
(Dollars in thousands)
Lord Abbett | ||||||||
Series Fund - | Lord Abbett | |||||||
Lord Abbett | Lord Abbett | Growth and | Series Fund - | |||||
Mid-Cap Value | Small-Cap | Income | Mid-Cap Value | |||||
Fund, Inc. - | Value Fund - | Portfolio - | Portfolio - | |||||
Class A | Class A | Class VC | Class VC | |||||
Net assets at January 1, 2006 | $ 818 | $ 980 | $ 122,782 | $ 147,309 | ||||
Increase (decrease) in net assets from operations |
||||||||
Operations: | ||||||||
Net investment income (loss) | (5) | (13) | 298 | (799) | ||||
Total realized gain (loss) on investments and capital gains | ||||||||
distributions | 120 | 207 | 7,692 | 18,446 | ||||
Net unrealized appreciation (depreciation) during the year | (13) | 9 | 11,603 | (1,948) | ||||
Net increase (decrease) in net assets from operations | 102 | 203 | 19,593 | 15,699 | ||||
Changes from contract transactions: | ||||||||
Total unit transactions | 161 | 196 | (160) | (6,774) | ||||
Net increase (decrease) in assets derived from | ||||||||
principal transactions | 161 | 196 | (160) | (6,774) | ||||
Total increase (decrease) in net assets | 263 | 399 | 19,433 | 8,925 | ||||
Net assets at December 31, 2006 | 1,081 | 1,379 | 142,215 | 156,234 | ||||
Increase (decrease) in net assets from operations |
||||||||
Operations: | ||||||||
Net investment income (loss) | (7) | (14) | (832) | (1,001) | ||||
Total realized gain (loss) on investments and capital gains | ||||||||
distributions | 221 | 258 | 24,333 | 25,132 | ||||
Net unrealized appreciation (depreciation) during the year | (229) | (112) | (21,780) | (24,441) | ||||
Net increase (decrease) in net assets from operations | (15) | 132 | 1,721 | (310) | ||||
Changes from contract transactions: | ||||||||
Total unit transactions | 191 | 137 | (143,936) | (9,690) | ||||
Net increase (decrease) in assets derived from | ||||||||
principal transactions | 191 | 137 | (143,936) | (9,690) | ||||
Total increase (decrease) in net assets | 176 | 269 | (142,215) | (10,000) | ||||
Net assets at December 31, 2007 | $ 1,257 | $ 1,648 | $ - | $ 146,234 |
The accompanying notes are an integral part of these financial statements.
157
VARIABLE ANNUITY ACCOUNT C OF
ING LIFE INSURANCE AND ANNUITY COMPANY
Statements of Changes in Net Assets
For the years ended December 31, 2007 and 2006
(Dollars in thousands)
Neuberger | ||||||||||
Berman | ||||||||||
Massachusetts | Socially | |||||||||
Investors | MFS® Total | Moderate | Responsive | |||||||
Growth Stock | Return Series - | Allocation | Fund® - Trust | |||||||
Fund - Class A | Initial Class | Portfolio | Class | |||||||
Net assets at January 1, 2006 | $ 421 | $ 82,747 | $ - | $ - | ||||||
Increase (decrease) in net assets from operations |
||||||||||
Operations: | ||||||||||
Net investment income (loss) | (5) | 1,041 | - | (1) | ||||||
Total realized gain (loss) on investments and capital gains | ||||||||||
distributions | 5 | 3,933 | 1 | 6 | ||||||
Net unrealized appreciation (depreciation) during the year | 35 | 3,101 | (1) | 30 | ||||||
Net increase (decrease) in net assets from operations | 35 | 8,075 | - | 35 | ||||||
Changes from contract transactions: | ||||||||||
Total unit transactions | 140 | (9,802) | 25 | 484 | ||||||
Net increase (decrease) in assets derived from | ||||||||||
principal transactions | 140 | (9,802) | 25 | 484 | ||||||
Total increase (decrease) in net assets | 175 | (1,727) | 25 | 519 | ||||||
Net assets at December 31, 2006 | 596 | 81,020 | 25 | 519 | ||||||
Increase (decrease) in net assets from operations |
||||||||||
Operations: | ||||||||||
Net investment income (loss) | (3) | 1,616 | - | (3) | ||||||
Total realized gain (loss) on investments and capital gains | ||||||||||
distributions | 7 | 10,644 | 2 | 85 | ||||||
Net unrealized appreciation (depreciation) during the year | 62 | (10,212) | - | (43) | ||||||
Net increase (decrease) in net assets from operations | 66 | 2,048 | 2 | 39 | ||||||
Changes from contract transactions: | ||||||||||
Total unit transactions | 75 | (83,068) | (1) | 1,427 | ||||||
Net increase (decrease) in assets derived from | ||||||||||
principal transactions | 75 | (83,068) | (1) | 1,427 | ||||||
Total increase (decrease) in net assets | 141 | (81,020) | 1 | 1,466 | ||||||
Net assets at December 31, 2007 | $ 737 | $ - | $ 26 | $ 1,985 |
The accompanying notes are an integral part of these financial statements.
158
VARIABLE ANNUITY ACCOUNT C OF
ING LIFE INSURANCE AND ANNUITY COMPANY
Statements of Changes in Net Assets
For the years ended December 31, 2007 and 2006
(Dollars in thousands)
New | New | Oppenheimer | Oppenheimer | |||||
Perspective | Perspective | Capital | Developing | |||||
Fund®, Inc. - | Fund®, Inc. - | Appreciation | Markets Fund - | |||||
Class R-3 | Class R-4 | Fund - Class A | Class A | |||||
Net assets at January 1, 2006 | $ 486 | $ 22,033 | $ 316 | $ 115,468 | ||||
Increase (decrease) in net assets from operations |
||||||||
Operations: | ||||||||
Net investment income (loss) | 9 | 172 | (4) | 286 | ||||
Total realized gain (loss) on investments and capital gains | ||||||||
distributions | 89 | 3,613 | 4 | 23,254 | ||||
Net unrealized appreciation (depreciation) during the year | 47 | 1,076 | 23 | 4,924 | ||||
Net increase (decrease) in net assets from operations | 145 | 4,861 | 23 | 28,464 | ||||
Changes from contract transactions: | ||||||||
Total unit transactions | 573 | 1,031 | 75 | 19,950 | ||||
Net increase (decrease) in assets derived from | ||||||||
principal transactions | 573 | 1,031 | 75 | 19,950 | ||||
Total increase (decrease) in net assets | 718 | 5,892 | 98 | 48,414 | ||||
Net assets at December 31, 2006 | 1,204 | 27,925 | 414 | 163,882 | ||||
Increase (decrease) in net assets from operations |
||||||||
Operations: | ||||||||
Net investment income (loss) | 55 | 397 | (5) | (159) | ||||
Total realized gain (loss) on investments and capital gains | ||||||||
distributions | 418 | 3,385 | 18 | 39,241 | ||||
Net unrealized appreciation (depreciation) during the year | 96 | 830 | 45 | 15,075 | ||||
Net increase (decrease) in net assets from operations | 569 | 4,612 | 58 | 54,157 | ||||
Changes from contract transactions: | ||||||||
Total unit transactions | 2,265 | 8,924 | 125 | 12,959 | ||||
Net increase (decrease) in assets derived from | ||||||||
principal transactions | 2,265 | 8,924 | 125 | 12,959 | ||||
Total increase (decrease) in net assets | 2,834 | 13,536 | 183 | 67,116 | ||||
Net assets at December 31, 2007 | $ 4,038 | $ 41,461 | $ 597 | $ 230,998 |
The accompanying notes are an integral part of these financial statements.
159
VARIABLE ANNUITY ACCOUNT C OF
ING LIFE INSURANCE AND ANNUITY COMPANY
Statements of Changes in Net Assets
For the years ended December 31, 2007 and 2006
(Dollars in thousands)
Oppenheimer | ||||||||||
Oppenheimer | Main Street | Oppenheimer | Oppenheimer | |||||||
Global Fund - | Fund® - Class | Global | Main Street | |||||||
Class A | A | Securities/VA | Fund®/VA | |||||||
Net assets at January 1, 2006 | $ 50 | $ 22 | $ 711 | $ 41 | ||||||
Increase (decrease) in net assets from operations |
||||||||||
Operations: | ||||||||||
Net investment income (loss) | - | - | (1) | (1) | ||||||
Total realized gain (loss) on investments and capital gains | ||||||||||
distributions | 9 | 7 | 89 | 2 | ||||||
Net unrealized appreciation (depreciation) during the year | 5 | 4 | 24 | 10 | ||||||
Net increase (decrease) in net assets from operations | 14 | 11 | 112 | 11 | ||||||
Changes from contract transactions: | ||||||||||
Total unit transactions | 66 | 142 | (58) | 71 | ||||||
Net increase (decrease) in assets derived from | ||||||||||
principal transactions | 66 | 142 | (58) | 71 | ||||||
Total increase (decrease) in net assets | 80 | 153 | 54 | 82 | ||||||
Net assets at December 31, 2006 | 130 | 175 | 765 | 123 | ||||||
Increase (decrease) in net assets from operations |
||||||||||
Operations: | ||||||||||
Net investment income (loss) | (1) | (1) | 2 | (1) | ||||||
Total realized gain (loss) on investments and capital gains | ||||||||||
distributions | 15 | 14 | 101 | 5 | ||||||
Net unrealized appreciation (depreciation) during the year | (7) | (5) | (60) | - | ||||||
Net increase (decrease) in net assets from operations | 7 | 8 | 43 | 4 | ||||||
Changes from contract transactions: | ||||||||||
Total unit transactions | (137) | (183) | (230) | (12) | ||||||
Net increase (decrease) in assets derived from | ||||||||||
principal transactions | (137) | (183) | (230) | (12) | ||||||
Total increase (decrease) in net assets | (130) | (175) | (187) | (8) | ||||||
Net assets at December 31, 2007 | $ - | $ - | $ 578 | $ 115 |
The accompanying notes are an integral part of these financial statements.
160
VARIABLE ANNUITY ACCOUNT C OF
ING LIFE INSURANCE AND ANNUITY COMPANY
Statements of Changes in Net Assets
For the years ended December 31, 2007 and 2006
(Dollars in thousands)
Oppenheimer | ||||||||
Main Street | Oppenheimer | Oppenheimer | ||||||
Small Cap | Mid Cap | Strategic Bond | Pax World | |||||
Fund®/VA | Fund/VA | Fund/VA | Balanced Fund | |||||
Net assets at January 1, 2006 | $ 1,052 | $ 3 | $ 154 | $ 54,353 | ||||
Increase (decrease) in net assets from operations |
||||||||
Operations: | ||||||||
Net investment income (loss) | (35) | - | 5 | 390 | ||||
Total realized gain (loss) on investments and capital gains | ||||||||
distributions | 142 | - | 3 | 5,652 | ||||
Net unrealized appreciation (depreciation) during the year | 170 | - | 1 | (109) | ||||
Net increase (decrease) in net assets from operations | 277 | - | 9 | 5,933 | ||||
Changes from contract transactions: | ||||||||
Total unit transactions | 3,393 | (2) | (35) | (10,189) | ||||
Net increase (decrease) in assets derived from | ||||||||
principal transactions | 3,393 | (2) | (35) | (10,189) | ||||
Total increase (decrease) in net assets | 3,670 | (2) | (26) | (4,256) | ||||
Net assets at December 31, 2006 | 4,722 | 1 | 128 | 50,097 | ||||
Increase (decrease) in net assets from operations |
||||||||
Operations: | ||||||||
Net investment income (loss) | (54) | - | 4 | 411 | ||||
Total realized gain (loss) on investments and capital gains | ||||||||
distributions | 242 | - | 4 | 3,027 | ||||
Net unrealized appreciation (depreciation) during the year | (481) | (1) | 3 | 830 | ||||
Net increase (decrease) in net assets from operations | (293) | (1) | 11 | 4,268 | ||||
Changes from contract transactions: | ||||||||
Total unit transactions | 2,542 | 31 | (14) | 5,093 | ||||
Net increase (decrease) in assets derived from | ||||||||
principal transactions | 2,542 | 31 | (14) | 5,093 | ||||
Total increase (decrease) in net assets | 2,249 | 30 | (3) | 9,361 | ||||
Net assets at December 31, 2007 | $ 6,971 | $ 31 | $ 125 | $ 59,458 |
The accompanying notes are an integral part of these financial statements.
161
VARIABLE ANNUITY ACCOUNT C OF
ING LIFE INSURANCE AND ANNUITY COMPANY
Statements of Changes in Net Assets
For the years ended December 31, 2007 and 2006
(Dollars in thousands)
PIMCO Real | Pioneer | |||||||||
Return | Emerging | |||||||||
Portfolio - | Pioneer High | Markets VCT | ||||||||
Administrative | Pioneer Fund - | Yield Fund - | Portfolio - | |||||||
Class | Class A | Class A | Class I | |||||||
Net assets at January 1, 2006 | $ 22,843 | $ 25 | $ 742 | $ - | ||||||
Increase (decrease) in net assets from operations |
||||||||||
Operations: | ||||||||||
Net investment income (loss) | 807 | - | 53 | - | ||||||
Total realized gain (loss) on investments and capital gains | ||||||||||
distributions | 291 | 4 | 70 | - | ||||||
Net unrealized appreciation (depreciation) during the year | (1,136) | 1 | 1 | - | ||||||
Net increase (decrease) in net assets from operations | (38) | 5 | 124 | - | ||||||
Changes from contract transactions: | ||||||||||
Total unit transactions | 2,631 | 16 | 1,014 | - | ||||||
Net increase (decrease) in assets derived from | ||||||||||
principal transactions | 2,631 | 16 | 1,014 | - | ||||||
Total increase (decrease) in net assets | 2,593 | 21 | 1,138 | - | ||||||
Net assets at December 31, 2006 | 25,436 | 46 | 1,880 | - | ||||||
Increase (decrease) in net assets from operations |
||||||||||
Operations: | ||||||||||
Net investment income (loss) | 1,034 | - | 110 | (77) | ||||||
Total realized gain (loss) on investments and capital gains | ||||||||||
distributions | (532) | 3 | 165 | 127 | ||||||
Net unrealized appreciation (depreciation) during the year | 2,140 | (2) | (148) | 1,639 | ||||||
Net increase (decrease) in net assets from operations | 2,642 | 1 | 127 | 1,689 | ||||||
Changes from contract transactions: | ||||||||||
Total unit transactions | 5,949 | (47) | 1,387 | 27,385 | ||||||
Net increase (decrease) in assets derived from | ||||||||||
principal transactions | 5,949 | (47) | 1,387 | 27,385 | ||||||
Total increase (decrease) in net assets | 8,591 | (46) | 1,514 | 29,074 | ||||||
Net assets at December 31, 2007 | $ 34,027 | $ - | $ 3,394 | $ 29,074 |
The accompanying notes are an integral part of these financial statements.
162
VARIABLE ANNUITY ACCOUNT C OF
ING LIFE INSURANCE AND ANNUITY COMPANY
Statements of Changes in Net Assets
For the years ended December 31, 2007 and 2006
(Dollars in thousands)
Pioneer Equity | Pioneer High | Pioneer Mid | ||||||
Income VCT | Pioneer Fund | Yield VCT | Cap Value VCT | |||||
Portfolio - | VCT Portfolio - | Portfolio - | Portfolio - | |||||
Class I | Class I | Class I | Class I | |||||
Net assets at January 1, 2006 | $ 69,926 | $ 4,548 | $ 6,949 | $ 77,468 | ||||
Increase (decrease) in net assets from operations |
||||||||
Operations: | ||||||||
Net investment income (loss) | 1,544 | 37 | 443 | 2 | ||||
Total realized gain (loss) on investments and capital gains | ||||||||
distributions | 3,202 | 165 | 30 | 20,511 | ||||
Net unrealized appreciation (depreciation) during the year | 12,848 | 802 | 280 | (11,870) | ||||
Net increase (decrease) in net assets from operations | 17,594 | 1,004 | 753 | 8,643 | ||||
Changes from contract transactions: | ||||||||
Total unit transactions | 31,787 | 4,161 | 4,595 | (4,805) | ||||
Net increase (decrease) in assets derived from | ||||||||
principal transactions | 31,787 | 4,161 | 4,595 | (4,805) | ||||
Total increase (decrease) in net assets | 49,381 | 5,165 | 5,348 | 3,838 | ||||
Net assets at December 31, 2006 | 119,307 | 9,713 | 12,297 | 81,306 | ||||
Increase (decrease) in net assets from operations |
||||||||
Operations: | ||||||||
Net investment income (loss) | 912 | 14 | 691 | 176 | ||||
Total realized gain (loss) on investments and capital gains | ||||||||
distributions | 17,990 | 1,569 | (25) | (234) | ||||
Net unrealized appreciation (depreciation) during the year | (17,177) | (1,170) | (53) | 5,905 | ||||
Net increase (decrease) in net assets from operations | 1,725 | 413 | 613 | 5,847 | ||||
Changes from contract transactions: | ||||||||
Total unit transactions | (119,843) | (10,126) | 6,409 | (86,640) | ||||
Net increase (decrease) in assets derived from | ||||||||
principal transactions | (119,843) | (10,126) | 6,409 | (86,640) | ||||
Total increase (decrease) in net assets | (118,118) | (9,713) | 7,022 | (80,793) | ||||
Net assets at December 31, 2007 | $ 1,189 | $ - | $ 19,319 | $ 513 |
The accompanying notes are an integral part of these financial statements.
163
VARIABLE ANNUITY ACCOUNT C OF
ING LIFE INSURANCE AND ANNUITY COMPANY
Statements of Changes in Net Assets
For the years ended December 31, 2007 and 2006
(Dollars in thousands)
Premier VIT | T. Rowe Price | T. Rowe Price | Templeton | |||||
OpCap Mid | Mid-Cap Value | Value Fund - | Foreign Fund - | |||||
Cap Portfolio | Fund - R Class | Advisor Class | Class A | |||||
Net assets at January 1, 2006 | $ - | $ 775 | $ - | $ 637 | ||||
Increase (decrease) in net assets from operations |
||||||||
Operations: | ||||||||
Net investment income (loss) | - | (2) | - | 10 | ||||
Total realized gain (loss) on investments and capital gains | ||||||||
distributions | - | 102 | 1 | 77 | ||||
Net unrealized appreciation (depreciation) during the year | - | 50 | 2 | 44 | ||||
Net increase (decrease) in net assets from operations | - | 150 | 3 | 131 | ||||
Changes from contract transactions: | ||||||||
Total unit transactions | - | 85 | 27 | 108 | ||||
Net increase (decrease) in assets derived from | ||||||||
principal transactions | - | 85 | 27 | 108 | ||||
Total increase (decrease) in net assets | - | 235 | 30 | 239 | ||||
Net assets at December 31, 2006 | - | 1,010 | 30 | 876 | ||||
Increase (decrease) in net assets from operations |
||||||||
Operations: | ||||||||
Net investment income (loss) | (1) | 10 | 1 | 10 | ||||
Total realized gain (loss) on investments and capital gains | ||||||||
distributions | (3) | 137 | 2 | 316 | ||||
Net unrealized appreciation (depreciation) during the year | (5) | (155) | (4) | (160) | ||||
Net increase (decrease) in net assets from operations | (9) | (8) | (1) | 166 | ||||
Changes from contract transactions: | ||||||||
Total unit transactions | 402 | (11) | 32 | 368 | ||||
Net increase (decrease) in assets derived from | ||||||||
principal transactions | 402 | (11) | 32 | 368 | ||||
Total increase (decrease) in net assets | 393 | (19) | 31 | 534 | ||||
Net assets at December 31, 2007 | $ 393 | $ 991 | $ 61 | $ 1,410 |
The accompanying notes are an integral part of these financial statements.
164
VARIABLE ANNUITY ACCOUNT C OF
ING LIFE INSURANCE AND ANNUITY COMPANY
Statements of Changes in Net Assets
For the years ended December 31, 2007 and 2006
(Dollars in thousands)
The Growth | The Growth | |||||||
Templeton | Templeton | Fund of | Fund of | |||||
Growth Fund, | Global Bond | America® - | America® - | |||||
Inc. - Class A | Fund - Class A | Class R-3 | Class R-4 | |||||
Net assets at January 1, 2006 | $ 371 | $ 15,341 | $ 3,894 | $ 145,130 | ||||
Increase (decrease) in net assets from operations |
||||||||
Operations: | ||||||||
Net investment income (loss) | 6 | 1,080 | 1 | (97) | ||||
Total realized gain (loss) on investments and capital gains | ||||||||
distributions | 48 | 7 | 272 | 12,415 | ||||
Net unrealized appreciation (depreciation) during the year | 53 | 1,476 | 277 | 5,132 | ||||
Net increase (decrease) in net assets from operations | 107 | 2,563 | 550 | 17,450 | ||||
Changes from contract transactions: | ||||||||
Total unit transactions | 215 | 15,150 | 3,369 | 34,004 | ||||
Net increase (decrease) in assets derived from | ||||||||
principal transactions | 215 | 15,150 | 3,369 | 34,004 | ||||
Total increase (decrease) in net assets | 322 | 17,713 | 3,919 | 51,454 | ||||
Net assets at December 31, 2006 | 693 | 33,054 | 7,813 | 196,584 | ||||
Increase (decrease) in net assets from operations |
||||||||
Operations: | ||||||||
Net investment income (loss) | (6) | 3,435 | 17 | 178 | ||||
Total realized gain (loss) on investments and capital gains | ||||||||
distributions | 60 | 123 | 884 | 17,791 | ||||
Net unrealized appreciation (depreciation) during the year | (56) | 1,205 | (45) | 2,330 | ||||
Net increase (decrease) in net assets from operations | (2) | 4,763 | 856 | 20,299 | ||||
Changes from contract transactions: | ||||||||
Total unit transactions | (691) | 34,847 | 3,773 | 31,895 | ||||
Net increase (decrease) in assets derived from | ||||||||
principal transactions | (691) | 34,847 | 3,773 | 31,895 | ||||
Total increase (decrease) in net assets | (693) | 39,610 | 4,629 | 52,194 | ||||
Net assets at December 31, 2007 | $ - | $ 72,664 | $ 12,442 | $ 248,778 |
The accompanying notes are an integral part of these financial statements.
165
VARIABLE ANNUITY ACCOUNT C OF
ING LIFE INSURANCE AND ANNUITY COMPANY
Statements of Changes in Net Assets
For the years ended December 31, 2007 and 2006
(Dollars in thousands)
The Income | ||||||||
Fund of | UBS U.S. Small | |||||||
America® - | Cap Growth | Diversified | Equity Income | |||||
Class R-3 | Fund - Class A | Value Portfolio | Portfolio | |||||
Net assets at January 1, 2006 | $ 295 | $ 73 | $ 63 | $ 240 | ||||
Increase (decrease) in net assets from operations |
||||||||
Operations: | ||||||||
Net investment income (loss) | 16 | (2) | - | 3 | ||||
Total realized gain (loss) on investments and capital gains | ||||||||
distributions | 32 | 12 | 1 | 15 | ||||
Net unrealized appreciation (depreciation) during the year | 68 | 2 | 11 | 19 | ||||
Net increase (decrease) in net assets from operations | 116 | 12 | 12 | 37 | ||||
Changes from contract transactions: | ||||||||
Total unit transactions | 621 | 180 | 25 | (42) | ||||
Net increase (decrease) in assets derived from | ||||||||
principal transactions | 621 | 180 | 25 | (42) | ||||
Total increase (decrease) in net assets | 737 | 192 | 37 | (5) | ||||
Net assets at December 31, 2006 | 1,032 | 265 | 100 | 235 | ||||
Increase (decrease) in net assets from operations |
||||||||
Operations: | ||||||||
Net investment income (loss) | 34 | (2) | 1 | 3 | ||||
Total realized gain (loss) on investments and capital gains | ||||||||
distributions | 96 | 22 | 4 | 19 | ||||
Net unrealized appreciation (depreciation) during the year | (114) | (9) | (2) | (15) | ||||
Net increase (decrease) in net assets from operations | 16 | 11 | 3 | 7 | ||||
Changes from contract transactions: | ||||||||
Total unit transactions | 612 | (276) | 11 | 62 | ||||
Net increase (decrease) in assets derived from | ||||||||
principal transactions | 612 | (276) | 11 | 62 | ||||
Total increase (decrease) in net assets | 628 | (265) | 14 | 69 | ||||
Net assets at December 31, 2007 | $ 1,660 | $ - | $ 114 | $ 304 |
The accompanying notes are an integral part of these financial statements.
166
VARIABLE ANNUITY ACCOUNT C OF
ING LIFE INSURANCE AND ANNUITY COMPANY
Statements of Changes in Net Assets
For the years ended December 31, 2007 and 2006
(Dollars in thousands)
Small Company | Wanger | Wanger U.S. | ||||||
Growth | International | Smaller | ||||||
Portfolio | Small Cap | Wanger Select | Companies | |||||
Net assets at January 1, 2006 | $ - | $ - | $ 6,985 | $ 9,257 | ||||
Increase (decrease) in net assets from operations |
||||||||
Operations: | ||||||||
Net investment income (loss) | - | - | (114) | (121) | ||||
Total realized gain (loss) on investments and capital gains | ||||||||
distributions | - | - | 406 | 761 | ||||
Net unrealized appreciation (depreciation) during the year | - | - | 2,627 | 209 | ||||
Net increase (decrease) in net assets from operations | - | - | 2,919 | 849 | ||||
Changes from contract transactions: | ||||||||
Total unit transactions | 18 | - | 16,148 | 7,005 | ||||
Net increase (decrease) in assets derived from | ||||||||
principal transactions | 18 | - | 16,148 | 7,005 | ||||
Total increase (decrease) in net assets | 18 | - | 19,067 | 7,854 | ||||
Net assets at December 31, 2006 | 18 | - | 26,052 | 17,111 | ||||
Increase (decrease) in net assets from operations |
||||||||
Operations: | ||||||||
Net investment income (loss) | (1) | (24) | (497) | (197) | ||||
Total realized gain (loss) on investments and capital gains | ||||||||
distributions | 2 | 39 | 1,366 | 1,351 | ||||
Net unrealized appreciation (depreciation) during the year | (3) | (156) | 735 | (498) | ||||
Net increase (decrease) in net assets from operations | (2) | (141) | 1,604 | 656 | ||||
Changes from contract transactions: | ||||||||
Total unit transactions | 70 | 9,764 | 39,236 | 3,759 | ||||
Net increase (decrease) in assets derived from | ||||||||
principal transactions | 70 | 9,764 | 39,236 | 3,759 | ||||
Total increase (decrease) in net assets | 68 | 9,623 | 40,840 | 4,415 | ||||
Net assets at December 31, 2007 | $ 86 | $ 9,623 | $ 66,892 | $ 21,526 |
The accompanying notes are an integral part of these financial statements.
167
VARIABLE ANNUITY ACCOUNT C OF
ING LIFE INSURANCE AND ANNUITY COMPANY
Statements of Changes in Net Assets
For the years ended December 31, 2007 and 2006
(Dollars in thousands)
Washington | Washington | Wells Fargo | ||||
Mutual | Mutual | Advantage | ||||
Investors | Investors | Small Cap | ||||
FundSM, Inc. - | FundSM, Inc. - | Value Fund - | ||||
Class R-3 | Class R-4 | Class A | ||||
Net assets at January 1, 2006 | $ 2,177 | $ 66,271 | $ - | |||
Increase (decrease) in net assets from operations |
||||||
Operations: | ||||||
Net investment income (loss) | 27 | 689 | - | |||
Total realized gain (loss) on investments and capital gains | ||||||
distributions | 105 | 2,651 | 2 | |||
Net unrealized appreciation (depreciation) during the year | 334 | 8,652 | (1) | |||
Net increase (decrease) in net assets from operations | 466 | 11,992 | 1 | |||
Changes from contract transactions: | ||||||
Total unit transactions | 1,215 | 9,893 | 20 | |||
Net increase (decrease) in assets derived from | ||||||
principal transactions | 1,215 | 9,893 | 20 | |||
Total increase (decrease) in net assets | 1,681 | 21,885 | 21 | |||
Net assets at December 31, 2006 | 3,858 | 88,156 | 21 | |||
Increase (decrease) in net assets from operations |
||||||
Operations: | ||||||
Net investment income (loss) | 44 | 811 | - | |||
Total realized gain (loss) on investments and capital gains | ||||||
distributions | 390 | 7,508 | 7 | |||
Net unrealized appreciation (depreciation) during the year | (338) | (5,611) | (5) | |||
Net increase (decrease) in net assets from operations | 96 | 2,708 | 2 | |||
Changes from contract transactions: | ||||||
Total unit transactions | 1,250 | 384 | 24 | |||
Net increase (decrease) in assets derived from | ||||||
principal transactions | 1,250 | 384 | 24 | |||
Total increase (decrease) in net assets | 1,346 | 3,092 | 26 | |||
Net assets at December 31, 2007 | $ 5,204 | $ 91,248 | $ 47 |
The accompanying notes are an integral part of these financial statements.
168
VARIABLE ANNUITY ACCOUNT C OF |
ING LIFE INSURANCE AND ANNUITY COMPANY |
Notes to Financial Statements |
1. Organization
Variable Annuity Account C of ING Life Insurance and Annuity Company (the
Account) was established by ING Life Insurance and Annuity Company (ILIAC or
the Company) to support the operations of variable annuity contracts (Contracts).
The Company is an indirect wholly owned subsidiary of ING America Insurance
Holdings, Inc. (ING AIH), an insurance holding company domiciled in the State of
Delaware. ING AIH is an indirect wholly owned subsidiary of ING Groep, N.V., a
global financial services holding company based in The Netherlands.
The Account is registered as a unit investment trust with the Securities and Exchange
Commission under the Investment Company Act of 1940, as amended. ILIAC provides
for variable accumulation and benefits under the Contracts by crediting annuity
considerations to one or more divisions within the Account or the fixed separate account,
which is not part of the Account, as directed by the contractowners. The portion of the
Accounts assets applicable to Contracts will not be charged with liabilities arising out of
any other business ILIAC may conduct, but obligations of the Account, including the
promise to make benefit payments, are obligations of ILIAC. The assets and liabilities of
the Account are clearly identified and distinguished from the other assets and liabilities
of ILIAC.
At December 31, 2007, the Account had 234 investment divisions (the Divisions), 77
of which invest in independently managed mutual funds and 157 of which invest in
mutual funds managed by affiliates, either ING Investments, LLC (IIL) or Directed
Services LLC (DSL), formerly Directed Services, Inc. The assets in each Division are
invested in shares of a designated fund (Fund) of various investment trusts (the
Trusts). Investment Divisions with asset balances at December 31, 2007 and related
Trusts are as follows:
AIM Growth Series: |
Ariel Investment Trust: |
169
VARIABLE ANNUITY ACCOUNT C OF |
ING LIFE INSURANCE AND ANNUITY COMPANY |
Notes to Financial Statements |
Fidelity® Variable Insurance Products II: |
ING Investors Trust (continued): |
170
VARIABLE ANNUITY ACCOUNT C OF |
ING LIFE INSURANCE AND ANNUITY COMPANY |
Notes to Financial Statements |
ING Partners, Inc.: |
ING Partners, Inc. (continued): |
171
VARIABLE ANNUITY ACCOUNT C OF |
ING LIFE INSURANCE AND ANNUITY COMPANY |
Notes to Financial Statements |
ING Variable Insurance Trust (continued): |
Lord Abbett Series Fund, Inc.: |
172
VARIABLE ANNUITY ACCOUNT C OF |
ING LIFE INSURANCE AND ANNUITY COMPANY |
Notes to Financial Statements |
Washington Mutual Investors FundSM, Inc.: |
Wells Fargo Funds Trust: | ||
* Division added in 2006 ** Division added in 2007 | |||
The names of certain Divisions were changed during 2007. The following is a summary
of current and former names for those Divisions:
Current Name | Former Name | ||
American Century Quantitative Equity Funds, Inc.: American Century Income & Growth Fund - A Class ING Investors Trust: ING Van Kampen Capital Growth Portfolio - Service Class ING Wells Fargo Disciplined Value Portfolio - Service Class ING Mutual Funds: ING International Growth Opportunities Fund - Class Q ING Partners, Inc.: ING Davis New York Venture Portfolio - Service Class ING Series Fund, Inc.: ING Money Market Fund - Class A Pax World Funds Series Trust I: Pax World Balanced Fund Oppenheimer Variable Account Funds: Oppenheimer Mid Cap Fund/VA |
American Century Quantitative Equity Funds, Inc.: American Century Income & Growth Fund - Advisor Class ING Investors Trust: ING Van Kampen Equity Growth Portfolio - Service Class ING Wells Fargo Mid Cap Disciplined Portfolio - Service Class ING Mutual Funds: ING International Fund - Class Q ING Partners, Inc.: ING Davis Venture Value Portfolio - Service Class ING Series Fund, Inc.: ING Aeltus Money Market Fund - Class A Pax World Balanced Fund, Inc.: Pax World Balanced Fund, Inc. Oppenheimer Variable Account Funds: Oppenheimer Aggressive Growth/VA | ||
During 2007, the following Divisions were closed to contractowners: | |||
Baron Investment Funds Trust: Baron Asset Fund Baron Growth Fund Fidelity® Advisor Series I: Fidelity® Advisor Mid Cap Fund - Class T ING GET Fund: ING GET Fund - Series Q ING GET Fund - Series S ING Investors Trust: ING Legg Mason Partners All Cap Portfolio - Service Class ING Partners, Inc.: ING American Century Select Portfolio - Initial Class ING American Century Select Portfolio - Service Class ING Fundamental Research Portfolio - Adviser Class ING Fundamental Research Portfolio - Service Class ING Goldman Sachs® Capital Growth Portfolio - Service Class ING Goldman Sachs® Structured Equity Portfolio - Adviser Class ING Variable Portfolios, Inc.: ING VP International Equity Portfolio - Class I ING VP International Equity Portfolio - Class S |
ING VP Natural Resources Trust: ING VP Natural Resources Trust Legg Mason Value Trust, Inc.: Legg Mason Value Trust, Inc. - Primary Class Lord Abbett Affiliated Fund, Inc.: Lord Abbett Affiliated Fund - Class A Lord Abbett Series Fund, Inc.: Lord Abbett Series Fund - Growth and Income Portfolio - Class VC MFS® Variable Insurance TrustSM: MFS® Total Return Series - Initial Class Oppenheimer Global Fund: Oppenheimer Global Fund - Class A Oppenheimer Main Street Funds®, Inc.: Oppenheimer Main Street Fund® - Class A Pioneer Fund: Pioneer Fund - Class A Pioneer Variable Contracts Trust: Pioneer Fund VCT Portfolio - Class I Templeton Growth Fund, Inc.: Templeton Growth Fund, Inc. - Class A UBS Funds: UBS U.S. Small Cap Growth Fund - Class A | ||
173
VARIABLE ANNUITY ACCOUNT C OF |
ING LIFE INSURANCE AND ANNUITY COMPANY |
Notes to Financial Statements |
The following Divisions were offered during 2007, but had no investments as of
December 31, 2007:
AIM Equity Funds: |
Goldman Sachs Trust: |
174
VARIABLE ANNUITY ACCOUNT C OF |
ING LIFE INSURANCE AND ANNUITY COMPANY |
Notes to Financial Statements |
Janus Adviser Series: |
Oppenheimer Integrity Funds: |
2. | Significant Accounting Policies |
The following is a summary of the significant accounting policies of the Account: | |
Use of Estimates | |
The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from reported results using those estimates. | |
Investments | |
Investments are made in shares of a Fund and are recorded at fair value, determined by the net asset value per share of the respective Fund. Investment transactions in each Fund are recorded on the trade date. Distributions of net investment income and capital gains from each Fund are recognized on the ex-distribution date. Realized gains and losses on redemptions of the shares of the Fund are determined on a first-in, first-out | |
175
VARIABLE ANNUITY ACCOUNT C OF |
ING LIFE INSURANCE AND ANNUITY COMPANY |
Notes to Financial Statements |
basis. The difference between cost and current market value of investments owned on the day of measurement is recorded as unrealized appreciation or depreciation of investments. | ||
Federal Income Taxes | ||
Operations of the Account form a part of, and are taxed with, the total operations of ILIAC, which is taxed as a life insurance company under the Internal Revenue Code. Earnings and realized capital gains of the Account attributable to the contractowners are excluded in the determination of the federal income tax liability of ILIAC. | ||
Contractowner Reserves | ||
Prior to the annuity date, the Contracts are redeemable for the net cash surrender value of the Contracts. The annuity reserves of the Account are represented by net assets on the Statements of Assets and Liabilities and are equal to the aggregate account values of the contractowners invested in the Account Divisions. To the extent that benefits to be paid to the contractowners exceed their account values, ILIAC will contribute additional funds to the benefit proceeds. Conversely, if amounts allocated exceed amounts required, transfers may be made to ILIAC. | ||
Changes from Principal Transactions | ||
Included in Changes from Principal Transactions on the Statements of Changes in Net Assets are items which relate to contractowner activity, including deposits, surrenders and withdrawals, benefits, and contract charges. Also included are transfers between the fixed account and the Divisions, transfers between Divisions, and transfers to (from) ILIAC related to gains and losses resulting from actual mortality experience (the full responsibility for which is assumed by ILIAC). Any net unsettled transactions as of the reporting date are included in Payable to related parties on the Statements of Assets and Liabilities. | ||
3. | New Accounting Pronouncements | |
Fair Value Measurements | ||
In September 2006, the Financial Accounting Standards Board (FASB) issued Statement of Financial Accounting Standards (FAS) No. 157, Fair Value Measurements (FAS No. 157). FAS No. 157 provides guidance for using fair value to measure assets and liabilities whenever other standards require (or permit) assets or liabilities to be measured at fair value. FAS No. 157 does not expand the use of fair value to any new circumstances. | ||
176
VARIABLE ANNUITY ACCOUNT C OF |
ING LIFE INSURANCE AND ANNUITY COMPANY |
Notes to Financial Statements |
Under FAS No. 157, the FASB clarifies the principle that fair value should be based on the assumptions market participants would use when pricing the asset or liability. In support of this principle, FAS No. 157 establishes a fair value hierarchy that prioritizes the information used to develop such assumptions. The fair value hierarchy gives the highest priority to quoted prices in active markets and the lowest priority to unobservable data. FAS No. 157 also requires separate disclosure of fair value measurements by level within the hierarchy and expanded disclosure of the effect on earnings for items measured using unobservable data. | ||
The provisions of FAS No. 157 are effective for financial statements issued for fiscal years beginning after November 15, 2007. The Company is in the process of determining the impact of adoption of FAS No. 157 on the Account. | ||
4. | Charges and Fees | |
Under the terms of the Contracts, certain charges are allocated to the Contracts to cover ILIACs expenses in connection with the issuance and administration of the Contracts. Following is a summary of these charges: | ||
Mortality and Expense Risk Charges | ||
ILIAC assumes mortality and expense risks related to the operations of the Account and, in accordance with the terms of the Contracts, deducts a daily charge from the assets of the Account. Daily charges are deducted at annual rates of up to 1.50% of the average daily net asset value of each Division of the Account to cover these risks, as specified in the Contracts. | ||
Asset Based Administrative Charges | ||
A daily charge to cover administrative expenses of the Account is deducted at an annual rate of up to 0.25% of the assets attributable to the Contracts. | ||
Contract Maintenance Charges | ||
An annual Contract maintenance fee of up to $40 may be deducted from the accumulation value of Contracts to cover ongoing administrative expenses, as specified in the Contract. | ||
Contingent Deferred Sales Charges | ||
For certain Contracts, a contingent deferred sales charge (Surrender Charge) is imposed as a percentage that ranges up to 7.00% of each premium payment if the Contract is surrendered or an excess partial withdrawal is taken as specified in the Contract. | ||
177
VARIABLE ANNUITY ACCOUNT C OF |
ING LIFE INSURANCE AND ANNUITY COMPANY |
Notes to Financial Statements |
Other Contract Charges | ||
For certain Contracts, an additional annual charge of 1.00% is deducted daily from the accumulation value of Contracts for contractowners who select the Five-Year Guaranteed Minimum Income feature. | ||
Premium Taxes | ||
For certain Contracts, premium taxes are deducted, where applicable, from the accumulation value of each Contract. The amount and timing of the deduction depends on the contractowners state of residence and currently ranges up to 4.00% of premiums. | ||
5. | Related Party Transactions | |
During the year ended December 31, 2007, management and service fees were paid indirectly to IIL, an affiliate of the Company, in its capacity as investment adviser to the ING Equity Trust, ING Funds Trust, ING Mutual Funds, ING Variable Products Trust, ING GET Fund, ING VP Intermediate Bond Portfolio, ING VP Money Market Portfolio, ING VP Balanced Portfolio, Inc., ING Strategic Allocation Portfolios, Inc., ING Variable Funds, ING Variable Insurance Trust, ING Variable Portfolios, Inc., and ING VP Natural Resources Trust. The annual fee rate ranged from 0.17% to 1.05% of the average net assets of each respective Fund. | ||
In addition, management fees were paid to DSL in its capacity as investment adviser to ING Partners, Inc. and ING Investors Trust. The Trusts advisory agreement provided for a fee at an annual rate up to 1.25% of the average net assets of each respective Fund. | ||
178
VARIABLE ANNUITY ACCOUNT C OF |
ING LIFE INSURANCE AND ANNUITY COMPANY |
Notes to Financial Statements |
6. | Fund of Funds | |
The Account had one Lifestyle Fund, Moderate Allocation Portfolio at December 31, 2007 which invested in other Divisions of the Account (Underlying Funds), as well as in fixed interest divisions, which are not part of the Account. The Lifestyle Funds percentage ownership in Underlying Funds and fixed interest divisions at December 31, 2007, was as follows: | ||
|
Moderate | ||||
Allocation | ||||
Underlying Fund | Portfolio | |||
Baron Growth Fund | 10% | |||
ING Intermediate Bond Fund - Class I | 15% | |||
Lord Abbett Affiliated Fund - Class A | 10% | |||
Oppenheimer International Small Company Fund - Class A | 5% | |||
The Growth Fund of America® - Class A | 15% | |||
Vanguard® Institutional Index Fund - Institutional Shares | 10% | |||
Vanguard® Mid-Cap Index Fund - SignalTM Shares | 10% | |||
Fixed interest divisions | 25% |
179
VARIABLE ANNUITY ACCOUNT C OF |
ING LIFE INSURANCE AND ANNUITY COMPANY |
Notes to Financial Statements |
7. | Purchases and Sales of Investment Securities | |
The aggregate cost of purchases and proceeds from sales of investments follow: | ||
Year ended December 31 | ||||||||||
2007 | 2006 | |||||||||
Purchases | Sales | Purchases | Sales | |||||||
(Dollars in thousands) | ||||||||||
AIM Growth Series: | ||||||||||
AIM Mid Cap Core Equity Fund - Class A | $ 96 | $ 39 | $ 128 | $ 61 | ||||||
AIM Small Cap Growth Fund - Class A | 23 | 4 | 10 | 1 | ||||||
AIM Investment Funds: | ||||||||||
AIM Global Health Care Fund - Investor Class | 56 | 26 | 98 | 44 | ||||||
AIM Variable Insurance Funds: | ||||||||||
AIM V.I. Capital Appreciation Fund - Series I Shares | 2,260 | 5,570 | 18,631 | 5,970 | ||||||
AIM V.I. Core Equity Fund - Series I Shares | 3,055 | 7,949 | 18,767 | 6,951 | ||||||
AllianceBernstein Growth and Income Fund, Inc.: | ||||||||||
AllianceBernstein Growth and Income Fund, Inc. - Class A | 68 | 6 | 41 | 24 | ||||||
AllianceBernstein Variable Products Series Fund, Inc.: | ||||||||||
AllianceBernstein Growth and Income Portfolio - Class A | 238 | 138 | 347 | 95 | ||||||
Allianz Funds: | ||||||||||
Allianz NFJ Small-Cap Value - Class A | 154 | 151 | 137 | 88 | ||||||
American Balanced Fund®, Inc.: | ||||||||||
American Balanced Fund® - Class R-3 | 1,822 | 533 | 1,403 | 314 | ||||||
American Century Quantitative Equity Funds, Inc.: | ||||||||||
American Century Income & Growth Fund - A Class | 2,057 | 1,690 | 1,240 | 1,414 | ||||||
Ariel Investment Trust: | ||||||||||
Ariel Appreciation Fund | 208 | 192 | 260 | 45 | ||||||
Ariel Fund | 340 | 60 | 262 | 160 | ||||||
Baron Investment Funds Trust: | ||||||||||
Baron Asset Fund | 494 | 1,565 | 617 | 18 | ||||||
Baron Growth Fund | 146 | 1,635 | 433 | 142 | ||||||
Calvert Variable Series, Inc.: | ||||||||||
Calvert Social Balanced Portfolio | 7,707 | 10,570 | 6,465 | 10,538 | ||||||
Capital One Funds: | ||||||||||
Capital One Mid Cap Equity Fund - Class A | 117 | 118 | 29 | 59 | ||||||
DWS Institutional Funds: | ||||||||||
DWS Equity 500 Index Fund - Class S | 78 | 23 | 96 | 13 | ||||||
EuroPacific Growth Fund®: | ||||||||||
EuroPacific Growth Fund® - Class R-3 | 5,869 | 387 | 2,431 | 75 | ||||||
EuroPacific Growth Fund® - Class R-4 | 70,434 | 10,878 | 73,052 | 3,700 | ||||||
Evergreen Equity Trust: | ||||||||||
Evergreen Equity Income Fund - Class I | 3,849 | 20 | - | - | ||||||
Evergreen Special Values Fund - Class A | 32,044 | 16,609 | 35,425 | 5,833 |
180
VARIABLE ANNUITY ACCOUNT C OF |
ING LIFE INSURANCE AND ANNUITY COMPANY |
Notes to Financial Statements |
Year ended December 31 | ||||||||
2007 | 2006 | |||||||
Purchases | Sales | Purchases | Sales | |||||
(Dollars in thousands) | ||||||||
Fidelity® Advisor Series I: | ||||||||
Fidelity® Advisor Mid Cap Fund - Class T | $ 113 | $ 867 | $ 190 $ | 104 | ||||
Fidelity® Variable Insurance Products: | ||||||||
Fidelity® VIP Equity-Income Portfolio - Initial Class | 64,478 | 57,707 | 89,086 | 47,996 | ||||
Fidelity® VIP Growth Portfolio - Initial Class | 11,577 | 48,459 | 3,908 | 56,887 | ||||
Fidelity® VIP High Income Portfolio - Initial Class | 2,701 | 2,477 | 3,671 | 2,082 | ||||
Fidelity® VIP Overseas Portfolio - Initial Class | 16,564 | 10,870 | 12,798 | 13,431 | ||||
Fidelity® Variable Insurance Products II: | ||||||||
Fidelity® VIP Contrafund® Portfolio - Initial Class | 381,587 | 121,540 | 226,110 | 73,367 | ||||
Fidelity® VIP Index 500 Portfolio - Initial Class | 10,266 | 14,708 | 6,961 | 10,487 | ||||
Fidelity® Variable Insurance Products III: | ||||||||
Fidelity® VIP Mid Cap Portfolio - Initial Class | 4,555 | 398 | 6,104 | 839 | ||||
Fidelity® Variable Insurance Products V: | ||||||||
Fidelity® VIP Asset ManagerSM Portfolio - Initial Class | 3,865 | 2,972 | 1,485 | 2,553 | ||||
Franklin Mutual Series Fund, Inc.: | ||||||||
Mutual Discovery Fund - Class R | 1,026 | 88 | 693 | 62 | ||||
Franklin Strategic Series: | ||||||||
Franklin Small-Mid Cap Growth Fund - Class A | 319 | 53 | 269 | 21 | ||||
Franklin Templeton Variable Insurance Products Trust: | ||||||||
Franklin Small Cap Value Securities Fund - Class 2 | 27,561 | 14,852 | 20,308 | 12,869 | ||||
ING Equity Trust: | ||||||||
ING Financial Services Fund - Class A | 98 | 8 | 30 | 1 | ||||
ING Real Estate Fund - Class A | 835 | 653 | 1,262 | 160 | ||||
ING Funds Trust: | ||||||||
ING GNMA Income Fund - Class A | 556 | 144 | 476 | 206 | ||||
ING Intermediate Bond Fund - Class A | 1,672 | 268 | 875 | 63 | ||||
ING GET Fund: | ||||||||
ING GET Fund - Series Q | 179 | 2,943 | 183 | 520 | ||||
ING GET Fund - Series S | 1,307 | 10,639 | 564 | 5,177 | ||||
ING Investors Trust: | ||||||||
ING AllianceBernstein Mid Cap Growth Portfolio - Service | ||||||||
Class | 2,837 | 2,291 | 5,556 | 2,545 | ||||
ING BlackRock Large Cap Growth Portfolio - Institutional Class | 128,112 | 10,240 | - | - | ||||
ING BlackRock Large Cap Growth Portfolio - Service Class | 80 | 38 | - | - | ||||
ING BlackRock Large Cap Growth Portfolio - Service 2 Class | 156 | 7 | - | - | ||||
ING Evergreen Health Sciences Portfolio - Service Class | 3,207 | 1,604 | 3,567 | 989 | ||||
ING Evergreen Omega Portfolio - Service Class | - | - | - | - | ||||
ING FMRSM Diversified Mid Cap Portfolio - Service Class | 5,324 | 2,631 | 11,939 | 1,962 | ||||
ING FMRSM Large Cap Growth Portfolio - Institutional Class | 195 | 219 | 243 | 89 | ||||
ING FMRSM Large Cap Growth Portfolio - Service Class | - | - | - | - | ||||
ING Global Resources Portfolio - Institutional Class | 40 | - | - | - | ||||
ING Global Resources Portfolio - Service Class | 103,919 | 14,148 | - | - |
181
VARIABLE ANNUITY ACCOUNT C OF |
ING LIFE INSURANCE AND ANNUITY COMPANY |
Notes to Financial Statements |
Year ended December 31 | ||||||||||||
2007 | 2006 | |||||||||||
Purchases | Sales | Purchases | Sales | |||||||||
(Dollars in thousands) | ||||||||||||
ING Investors Trust (continued): | ||||||||||||
ING Janus Contrarian Portfolio - Service Class | $ 4,603 | $ 5 | $ - | $ - | ||||||||
ING JPMorgan Emerging Markets Equity Portfolio - Adviser | ||||||||||||
Class | 339 | 77 | 53 | 2 | ||||||||
ING JPMorgan Emerging Markets Equity Portfolio - | ||||||||||||
Institutional Class | 15,257 | 11,397 | 17,562 | 10,679 | ||||||||
ING JPMorgan Emerging Markets Equity Portfolio - Service | ||||||||||||
Class | 19,506 | 10,023 | 19,754 | 8,759 | ||||||||
ING JPMorgan Small Cap Core Equity Portfolio - Service Class | 1,933 | 870 | 2,543 | 1,240 | ||||||||
ING JPMorgan Value Opportunities Portfolio - Institutional | ||||||||||||
Class | 163 | 109 | 25 | - | ||||||||
ING JPMorgan Value Opportunities Portfolio - Service Class | 1,971 | 758 | 856 | 69 | ||||||||
ING Julius Baer Foreign Portfolio - Service Class | 28,923 | 2,820 | 19,491 | 2,659 | ||||||||
ING Legg Mason Partners All Cap Portfolio - Service Class | 86 | 117 | 34 | - | ||||||||
ING Legg Mason Value Portfolio - Service Class | 3,263 | 1,942 | 2,425 | 942 | ||||||||
ING Lord Abbett Affiliated Portfolio - Institutional Class | 137,049 | 8,942 | 1,313 | 303 | ||||||||
ING Lord Abbett Affiliated Portfolio - Service Class | 581 | 34 | - | - | ||||||||
ING Marsico Growth Portfolio - Service Class | 2,277 | 1,123 | 1,862 | 416 | ||||||||
ING Marsico International Opportunities Portfolio - Adviser | ||||||||||||
Class | 66 | - | - | - | ||||||||
ING Marsico International Opportunities Portfolio - Service | ||||||||||||
Class | 6,755 | 2,546 | 7,360 | 2,369 | ||||||||
ING MFS Total Return Portfolio - Adviser Class | 629 | 91 | 57 | 14 | ||||||||
ING MFS Total Return Portfolio - Institutional Class | 85,667 | 5,587 | 259 | 4 | ||||||||
ING MFS Total Return Portfolio - Service Class | 7,005 | 8,503 | 5,371 | 11,701 | ||||||||
ING MFS Utilities Portfolio - Service Class | 27,746 | 7,695 | 11,498 | 1,286 | ||||||||
ING Oppenheimer Main Street Portfolio® - Service Class | 1,850 | 692 | 724 | 178 | ||||||||
ING PIMCO High Yield Portfolio - Institutional Class | 1,012 | 434 | 413 | 168 | ||||||||
ING PIMCO High Yield Portfolio - Service Class | 3,884 | 2,956 | 4,657 | 1,059 | ||||||||
ING Pioneer Equity Income Portfolio - Institutional Class | 170,710 | 8,950 | - | - | ||||||||
ING Pioneer Fund Portfolio - Institutional Class | 15,807 | 1,978 | 2,630 | 194 | ||||||||
ING Pioneer Fund Portfolio - Service Class | 109 | 23 | 31 | 8 | ||||||||
ING Pioneer Mid Cap Value Portfolio - Institutional Class | 104,569 | 5,929 | 812 | 63 | ||||||||
ING Pioneer Mid Cap Value Portfolio - Service Class | 11 | - | 6 | - | ||||||||
ING Stock Index Portfolio - Institutional Class | 647 | 718 | 8,001 | 32,938 | ||||||||
ING T. Rowe Price Capital Appreciation Portfolio - Service | ||||||||||||
Class | 97,533 | 4,012 | 65,840 | 1,911 | ||||||||
ING T. Rowe Price Equity Income Portfolio - Adviser Class | 1,096 | 110 | 205 | 3 | ||||||||
ING T. Rowe Price Equity Income Portfolio - Service Class | 23,005 | 6,815 | 28,239 | 3,965 | ||||||||
ING Templeton Global Growth Portfolio - Institutional Class | 1,270 | 78 | - | - | ||||||||
ING Templeton Global Growth Portfolio - Service Class | 2,224 | 752 | 1,363 | 38 | ||||||||
ING Van Kampen Capital Growth Portfolio - Service Class | 74 | 11 | 14 | - | ||||||||
ING Van Kampen Growth and Income Portfolio - Service Class | 7,730 | 5,017 | 7,836 | 1,215 | ||||||||
ING Van Kampen Real Estate Portfolio - Institutional Class | 654 | 166 | 719 | 14 | ||||||||
ING Van Kampen Real Estate Portfolio - Service Class | 20,511 | 9,175 | 16,247 | 531 |
182
VARIABLE ANNUITY ACCOUNT C OF |
ING LIFE INSURANCE AND ANNUITY COMPANY |
Notes to Financial Statements |
Year ended December 31 | ||||||||
2007 | 2006 | |||||||
Purchases | Sales | Purchases | Sales | |||||
(Dollars in thousands) | ||||||||
ING Investors Trust (continued): | ||||||||
ING VP Index Plus International Equity Portfolio - Institutional | ||||||||
Class | $ 23,401 | $ 739 | $ - $ | - | ||||
ING VP Index Plus International Equity Portfolio - Service Class | 9,922 | 5,658 | 2,848 | 416 | ||||
ING Wells Fargo Disciplined Value Portfolio - Adviser Class | 3 | - | - | - | ||||
ING Wells Fargo Disciplined Value Portfolio - Service Class | 1,354 | 916 | 736 | 21 | ||||
ING Wells Fargo Small Cap Disciplined Portfolio - Service | ||||||||
Class | 814 | 901 | 1,828 | 725 | ||||
ING Mutual Funds: | ||||||||
ING International Growth Opportunities Fund - Class Q | 5 | - | 4 | - | ||||
ING International SmallCap Fund - Class A | 2,051 | 460 | 509 | 71 | ||||
ING Partners, Inc.: | ||||||||
ING American Century Large Company Value Portfolio - | ||||||||
Adviser Class | 81 | - | 10 | 2 | ||||
ING American Century Large Company Value Portfolio - | ||||||||
Service Class | 1,490 | 1,873 | 1,494 | 1,200 | ||||
ING American Century Select Portfolio - Initial Class | 1,440 | 142,531 | 8,186 | 29,749 | ||||
ING American Century Select Portfolio - Service Class | - | - | 1 | 20 | ||||
ING American Century Small-Mid Cap Value Portfolio - | ||||||||
Adviser Class | 43 | 20 | 20 | - | ||||
ING American Century Small-Mid Cap Value Portfolio - | ||||||||
Service Class | 5,907 | 6,289 | 3,488 | 5,848 | ||||
ING Baron Asset Portfolio - Service Class | 3,527 | 722 | 297 | 5 | ||||
ING Baron Small Cap Growth Portfolio - Adviser Class | 272 | 82 | 85 | 23 | ||||
ING Baron Small Cap Growth Portfolio - Service Class | 21,285 | 9,634 | 14,009 | 12,902 | ||||
ING Columbia Small Cap Value II Portfolio - Service Class | 924 | 145 | 50 | 14 | ||||
ING Davis New York Venture Portfolio - Service Class | 3,154 | 1,617 | 2,738 | 1,120 | ||||
ING Fidelity® VIP Mid Cap Portfolio - Service Class | 3,867 | 16 | 107 | - | ||||
ING Fundamental Research Portfolio - Adviser Class | 70 | 68 | 6 | 1 | ||||
ING Fundamental Research Portfolio - Service Class | 361 | 1,749 | 255 | 426 | ||||
ING Goldman Sachs® Capital Growth Portfolio - Service Class | 46 | 2,222 | 618 | 630 | ||||
ING Goldman Sachs® Structured Equity Portfolio - Adviser | ||||||||
Class | 6 | 6 | 6 | 4 | ||||
ING JPMorgan International Portfolio - Adviser Class | 277 | 105 | 22 | 3 | ||||
ING JPMorgan International Portfolio - Initial Class | 12,083 | 31,023 | 9,658 | 27,598 | ||||
ING JPMorgan International Portfolio - Service Class | 15 | 1 | 34 | 25 | ||||
ING JPMorgan Mid Cap Value Portfolio - Adviser Class | 412 | 90 | 100 | 15 | ||||
ING JPMorgan Mid Cap Value Portfolio - Service Class | 7,888 | 4,358 | 6,762 | 2,553 | ||||
ING Legg Mason Partners Aggressive Growth Portfolio - | ||||||||
Adviser Class | 155 | 73 | 21 | 4 | ||||
ING Legg Mason Partners Aggressive Growth Portfolio - Initial | ||||||||
Class | 2,952 | 43,831 | 4,062 | 34,947 | ||||
ING Legg Mason Partners Aggressive Growth Portfolio - | ||||||||
Service Class | 26 | 18 | 41 | - |
183
VARIABLE ANNUITY ACCOUNT C OF |
ING LIFE INSURANCE AND ANNUITY COMPANY |
Notes to Financial Statements |
Year ended December 31 | ||||||||||
2007 | 2006 | |||||||||
Purchases | Sales | Purchases | Sales | |||||||
(Dollars in thousands) | ||||||||||
ING Partners, Inc. (continued): | ||||||||||
ING Legg Mason Partners Large Cap Growth Portfolio - Adviser | ||||||||||
Class | $ 166 | $ 56 | $ 34 | $ 2 | ||||||
ING Legg Mason Partners Large Cap Growth Portfolio - Initial | ||||||||||
Class | 687 | 1,133 | 831 | 1,166 | ||||||
ING Neuberger Berman Partners Portfolio - Service Class | 3,601 | 1,492 | 301 | 77 | ||||||
ING Neuberger Berman Regency Portfolio - Service Class | 64 | - | 1 | - | ||||||
ING OpCap Balanced Value Portfolio - Service Class | 2,475 | 3,110 | 768 | 5,092 | ||||||
ING Oppenheimer Global Portfolio - Adviser Class | 360 | 86 | 107 | 17 | ||||||
ING Oppenheimer Global Portfolio - Initial Class | 55,048 | 149,707 | 21,163 | 131,361 | ||||||
ING Oppenheimer Global Portfolio - Service Class | 318 | 53 | 162 | 21 | ||||||
ING Oppenheimer Strategic Income Portfolio - Adviser Class | 192 | 49 | 122 | - | ||||||
ING Oppenheimer Strategic Income Portfolio - Initial Class | 26,922 | 18,515 | 9,548 | 21,735 | ||||||
ING PIMCO Total Return Portfolio - Adviser Class | 409 | 151 | 268 | 3 | ||||||
ING PIMCO Total Return Portfolio - Service Class | 24,623 | 8,657 | 14,033 | 7,407 | ||||||
ING Pioneer High Yield Portfolio - Initial Class | 5,895 | 1,624 | 1,018 | 33 | ||||||
ING Pioneer High Yield Portfolio - Service Class | 93 | 1 | 6 | - | ||||||
ING Solution 2015 Portfolio - Adviser Class | 7,188 | 480 | 2,380 | 131 | ||||||
ING Solution 2015 Portfolio - Service Class | 19,648 | 5,245 | 13,254 | 993 | ||||||
ING Solution 2025 Portfolio - Adviser Class | 8,121 | 621 | 3,932 | 66 | ||||||
ING Solution 2025 Portfolio - Service Class | 24,006 | 3,374 | 15,507 | 532 | ||||||
ING Solution 2035 Portfolio - Adviser Class | 6,338 | 500 | 3,221 | 67 | ||||||
ING Solution 2035 Portfolio - Service Class | 17,108 | 2,183 | 10,551 | 657 | ||||||
ING Solution 2045 Portfolio - Adviser Class | 5,897 | 382 | 1,855 | 19 | ||||||
ING Solution 2045 Portfolio - Service Class | 10,977 | 1,571 | 7,899 | 1,479 | ||||||
ING Solution Income Portfolio - Adviser Class | 5,998 | 473 | 1,627 | 50 | ||||||
ING Solution Income Portfolio - Service Class | 6,004 | 1,547 | 3,331 | 1,022 | ||||||
ING T. Rowe Price Diversified Mid Cap Growth Portfolio - | ||||||||||
Adviser Class | 506 | 174 | 38 | - | ||||||
ING T. Rowe Price Diversified Mid Cap Growth Portfolio - | ||||||||||
Initial Class | 41,586 | 65,054 | 13,796 | 73,265 | ||||||
ING T. Rowe Price Diversified Mid Cap Growth Portfolio - | ||||||||||
Service Class | 173 | 98 | 265 | 94 | ||||||
ING T. Rowe Price Growth Equity Portfolio - Adviser Class | 1,180 | 158 | 136 | 3 | ||||||
ING T. Rowe Price Growth Equity Portfolio - Initial Class | 22,362 | 41,447 | 8,093 | 42,388 | ||||||
ING T. Rowe Price Growth Equity Portfolio - Service Class | 429 | 101 | 403 | 68 | ||||||
ING Templeton Foreign Equity Portfolio - Service Class | 5,590 | 670 | 560 | 282 | ||||||
ING Thornburg Value Portfolio - Adviser Class | 529 | 47 | 50 | - | ||||||
ING Thornburg Value Portfolio - Initial Class | 8,843 | 20,359 | 2,927 | 21,494 | ||||||
ING UBS U.S. Large Cap Equity Portfolio - Adviser Class | 18 | 5 | - | - | ||||||
ING UBS U.S. Large Cap Equity Portfolio - Initial Class | 11,253 | 20,951 | 4,725 | 20,904 | ||||||
ING UBS U.S. Large Cap Equity Portfolio - Service Class | 4 | - | 3 | - | ||||||
ING UBS U.S. Small Cap Growth Portfolio - Service Class | 1,398 | 775 | 137 | 116 | ||||||
ING Van Kampen Comstock Portfolio - Adviser Class | 432 | 168 | 148 | 2 | ||||||
ING Van Kampen Comstock Portfolio - Service Class | 9,397 | 20,557 | 17,148 | 24,662 |
184
VARIABLE ANNUITY ACCOUNT C OF |
ING LIFE INSURANCE AND ANNUITY COMPANY |
Notes to Financial Statements |
Year ended December 31 | ||||||||||
2007 | 2006 | |||||||||
Purchases | Sales | Purchases | Sales | |||||||
(Dollars in thousands) | ||||||||||
ING Partners, Inc. (continued): | ||||||||||
ING Van Kampen Equity and Income Portfolio - Adviser Class | $ 213 | $ 28 | $ 21 | $ - | ||||||
ING Van Kampen Equity and Income Portfolio - Initial Class | 27,797 | 76,265 | 42,121 | 32,779 | ||||||
ING Van Kampen Equity and Income Portfolio - Service Class | 144 | 39 | 113 | 40 | ||||||
ING Strategic Allocation Portfolios, Inc.: | ||||||||||
ING VP Strategic Allocation Conservative Portfolio - Class I | 8,033 | 9,917 | 8,667 | 9,237 | ||||||
ING VP Strategic Allocation Growth Portfolio - Class I | 12,867 | 14,719 | 9,806 | 10,755 | ||||||
ING VP Strategic Allocation Moderate Portfolio - Class I | 12,224 | 21,441 | 16,458 | 12,596 | ||||||
ING Variable Funds: | ||||||||||
ING VP Growth and Income Portfolio - Class A | 159 | - | - | - | ||||||
ING VP Growth and Income Portfolio - Class I | 28,873 | 321,954 | 26,490 | 298,142 | ||||||
ING VP Growth and Income Portfolio - Class S | 101 | - | - | - | ||||||
ING Variable Insurance Trust: | ||||||||||
ING GET U.S. Core Portfolio - Series 1 | 42 | 117 | 52 | 523 | ||||||
ING GET U.S. Core Portfolio - Series 2 | 248 | 2,211 | 475 | 4,226 | ||||||
ING GET U.S. Core Portfolio - Series 3 | 687 | 5,992 | 1,024 | 11,260 | ||||||
ING GET U.S. Core Portfolio - Series 5 | 42 | 41 | 40 | 30 | ||||||
ING GET U.S. Core Portfolio - Series 6 | 248 | 1,116 | 207 | 1,159 | ||||||
ING GET U.S. Core Portfolio - Series 7 | 165 | 1,138 | 92 | 747 | ||||||
ING GET U.S. Core Portfolio - Series 8 | 70 | 574 | 33 | 199 | ||||||
ING GET U.S. Core Portfolio - Series 9 | 9 | 10 | 3 | 68 | ||||||
ING GET U.S. Core Portfolio - Series 10 | 3 | 3 | 1 | 40 | ||||||
ING GET U.S. Core Portfolio - Series 11 | 2 | 1 | - | 37 | ||||||
ING Variable Portfolios, Inc.: | ||||||||||
ING VP Global Science and Technology Portfolio - Class I | 8,100 | 9,303 | 7,621 | 13,309 | ||||||
ING VP Growth Portfolio - Class I | 5,125 | 20,750 | 2,455 | 15,259 | ||||||
ING VP Index Plus LargeCap Portfolio - Class I | 12,536 | 102,559 | 14,008 | 73,535 | ||||||
ING VP Index Plus LargeCap Portfolio - Class S | 422 | 93 | 42 | 37 | ||||||
ING VP Index Plus MidCap Portfolio - Class I | 47,272 | 77,318 | 57,553 | 56,686 | ||||||
ING VP Index Plus MidCap Portfolio - Class S | 330 | 16 | 59 | 17 | ||||||
ING VP Index Plus SmallCap Portfolio - Class I | 25,665 | 35,541 | 27,340 | 33,596 | ||||||
ING VP Index Plus SmallCap Portfolio - Class S | 59 | 8 | 51 | - | ||||||
ING VP International Equity Portfolio - Class I | 7,500 | 28,724 | 6,935 | 5,207 | ||||||
ING VP International Equity Portfolio - Class S | 47 | 63 | 17 | - | ||||||
ING VP Small Company Portfolio - Class I | 29,223 | 49,543 | 36,636 | 27,169 | ||||||
ING VP Small Company Portfolio - Class S | 88 | 9 | 11 | - | ||||||
ING VP Value Opportunity Portfolio - Class I | 4,163 | 20,299 | 4,539 | 18,942 |
185
VARIABLE ANNUITY ACCOUNT C OF |
ING LIFE INSURANCE AND ANNUITY COMPANY |
Notes to Financial Statements |
Year ended December 31 | ||||||||
2007 | 2006 | |||||||
Purchases | Sales | Purchases | Sales | |||||
(Dollars in thousands) | ||||||||
ING Variable Products Trust: | ||||||||
ING VP Financial Services Portfolio - Class I | $ 2,044 | $ 2,574 | $ 4,236 | $ 1,710 | ||||
ING VP International Value Portfolio - Class I | 60,974 | 18,020 | 42,773 | 14,550 | ||||
ING VP International Value Portfolio - Class S | 482 | 32 | 61 | 5 | ||||
ING VP MidCap Opportunities Portfolio - Class I | 3,877 | 1,856 | 2,123 | 1,633 | ||||
ING VP MidCap Opportunities Portfolio - Class S | 61 | - | 3 | - | ||||
ING VP Real Estate Portfolio - Class I | 14,159 | 36,026 | 30,182 | 8,334 | ||||
ING VP SmallCap Opportunities Portfolio - Class I | 3,302 | 2,530 | 2,916 | 3,179 | ||||
ING VP SmallCap Opportunities Portfolio - Class S | 16 | 9 | 42 | 30 | ||||
ING VP Balanced Portfolio, Inc.: | ||||||||
ING VP Balanced Portfolio - Class I | 45,746 | 99,520 | 20,754 | 113,193 | ||||
ING VP Intermediate Bond Portfolio: | ||||||||
ING VP Intermediate Bond Portfolio - Class I | 52,355 | 39,876 | 41,876 | 46,586 | ||||
ING VP Intermediate Bond Portfolio - Class S | 395 | 159 | 12 | - | ||||
ING VP Money Market Portfolio: | ||||||||
ING VP Money Market Portfolio - Class I | 244,213 | 93,643 | 212,366 | 67,608 | ||||
ING VP Natural Resources Trust: | ||||||||
ING VP Natural Resources Trust | 13,572 | 69,355 | 36,119 | 26,633 | ||||
Janus Adviser Series: | ||||||||
Janus Adviser Balanced Fund - Class S | - | - | 1 | - | ||||
Janus Aspen Series: | ||||||||
Janus Aspen Series Balanced Portfolio - Institutional Shares | 130 | 186 | 100 | 250 | ||||
Janus Aspen Series Flexible Bond Portfolio - Institutional Shares | 39 | 56 | 34 | 64 | ||||
Janus Aspen Series Large Cap Growth Portfolio - Institutional | ||||||||
Shares | 45 | 63 | 12 | 65 | ||||
Janus Aspen Series Mid Cap Growth Portfolio - Institutional | ||||||||
Shares | 202 | 272 | 190 | 272 | ||||
Janus Aspen Series Worldwide Growth Portfolio - Institutional | ||||||||
Shares | 55 | 121 | 162 | 243 | ||||
Lazard Funds, Inc.: | ||||||||
Lazard Mid Cap Portfolio - Open Shares | 568 | 166 | - | - | ||||
Legg Mason Value Trust, Inc.: | ||||||||
Legg Mason Value Trust, Inc. - Primary Class | 165 | 1,661 | 367 | 271 | ||||
LKCM Funds: | ||||||||
LKCM Aquinas Growth Fund | 59 | 17 | 191 | 25 |
186
VARIABLE ANNUITY ACCOUNT C OF |
ING LIFE INSURANCE AND ANNUITY COMPANY |
Notes to Financial Statements |
Year ended December 31 | ||||||||
2007 | 2006 | |||||||
Purchases | Sales | Purchases | Sales | |||||
(Dollars in thousands) | ||||||||
Lord Abbett Affiliated Fund, Inc.: | ||||||||
Lord Abbett Affiliated Fund - Class A | $ 228 | $ 1,491 | $ 494 $ | 68 | ||||
Lord Abbett Mid Cap Value Fund, Inc.: | ||||||||
Lord Abbett Mid-Cap Value Fund, Inc. - Class A | 507 | 105 | 408 | 144 | ||||
Lord Abbett Research Fund, Inc.: | ||||||||
Lord Abbett Small-Cap Value Fund - Class A | 453 | 88 | 492 | 127 | ||||
Lord Abbett Series Fund, Inc.: | ||||||||
Lord Abbett Series Fund - Growth and Income Portfolio - Class | ||||||||
VC | 2,724 | 147,500 | 14,325 | 9,661 | ||||
Lord Abbett Series Fund - Mid-Cap Value Portfolio - Class VC | 31,337 | 22,353 | 23,869 | 19,708 | ||||
Massachusetts Investors Growth Stock Fund: | ||||||||
Massachusetts Investors Growth Stock Fund - Class A | 103 | 31 | 173 | 38 | ||||
MFS® Variable Insurance TrustSM: | ||||||||
MFS® Total Return Series - Initial Class | 7,593 | 87,028 | 8,263 | 14,502 | ||||
Moderate Allocation Portfolio: | ||||||||
Moderate Allocation Portfolio | 16 | 15 | 38 | 13 | ||||
Neuberger Berman Equity Funds®: | ||||||||
Neuberger Berman Socially Responsive Fund® - Trust Class | 1,641 | 157 | 499 | 12 | ||||
New Perspective Fund®, Inc.: | ||||||||
New Perspective Fund®, Inc. - Class R-3 | 3,430 | 854 | 737 | 85 | ||||
New Perspective Fund®, Inc. - Class R-4 | 15,273 | 3,416 | 12,076 | 9,196 | ||||
Oppenheimer Capital Appreciation Fund: | ||||||||
Oppenheimer Capital Appreciation Fund - Class A | 156 | 23 | 105 | 35 | ||||
Oppenheimer Developing Markets Fund: | ||||||||
Oppenheimer Developing Markets Fund - Class A | 69,785 | 30,746 | 61,034 | 27,695 | ||||
Oppenheimer Global Fund: | ||||||||
Oppenheimer Global Fund - Class A | 40 | 177 | 86 | 14 | ||||
Oppenheimer Main Street Funds®, Inc.: | ||||||||
Oppenheimer Main Street Fund® - Class A | 43 | 227 | 153 | 5 | ||||
Oppenheimer Variable Account Funds: | ||||||||
Oppenheimer Global Securities/VA | 118 | 308 | 245 | 265 | ||||
Oppenheimer Main Street Fund®/VA | 1 | 14 | 82 | 12 | ||||
Oppenheimer Main Street Small Cap Fund®/VA | 3,380 | 705 | 4,272 | 855 | ||||
Oppenheimer Mid Cap Fund/VA | 31 | 1 | - | 1 | ||||
Oppenheimer Strategic Bond Fund/VA | 42 | 52 | 41 | 71 | ||||
Pax World Funds Series Trust I: | ||||||||
Pax World Balanced Fund | 13,279 | 5,386 | 16,121 | 23,457 | ||||
PIMCO Variable Insurance Trust: | ||||||||
PIMCO Real Return Portfolio - Administrative Class | 14,258 | 7,200 | 11,352 | 7,237 | ||||
Pioneer Fund: | ||||||||
Pioneer Fund - Class A | 12 | 59 | 34 | 17 | ||||
Pioneer High Yield Fund: | ||||||||
Pioneer High Yield Fund - Class A | 1,856 | 186 | 1,274 | 127 |
187
VARIABLE ANNUITY ACCOUNT C OF |
ING LIFE INSURANCE AND ANNUITY COMPANY |
Notes to Financial Statements |
Year ended December 31 | ||||||||
2007 | 2006 | |||||||
Purchases | Sales | Purchases | Sales | |||||
(Dollars in thousands) | ||||||||
Pioneer Variable Contracts Trust: | ||||||||
Pioneer Emerging Markets VCT Portfolio - Class I | $ 30,868 | $ 3,364 | $ - $ | - | ||||
Pioneer Equity Income VCT Portfolio - Class I | 48,713 | 162,589 | 40,946 | 6,274 | ||||
Pioneer Fund VCT Portfolio - Class I | 3,835 | 13,948 | 4,936 | 738 | ||||
Pioneer High Yield VCT Portfolio - Class I | 8,380 | 1,266 | 7,068 | 1,886 | ||||
Pioneer Mid Cap Value VCT Portfolio - Class I | 17,135 | 94,326 | 28,756 | 13,273 | ||||
Premier VIT: | ||||||||
Premier VIT OpCap Mid Cap Portfolio | 477 | 76 | - | - | ||||
T. Rowe Price Mid-Cap Value Fund, Inc.: | ||||||||
T. Rowe Price Mid-Cap Value Fund - R Class | 350 | 240 | 285 | 114 | ||||
T. Rowe Price Value Fund, Inc.: | ||||||||
T. Rowe Price Value Fund - Advisor Class | 36 | 1 | 29 | - | ||||
Templeton Funds, Inc.: | ||||||||
Templeton Foreign Fund - Class A | 786 | 120 | 230 | 45 | ||||
Templeton Growth Fund, Inc.: | ||||||||
Templeton Growth Fund, Inc. - Class A | 521 | 1,218 | 326 | 63 | ||||
Templeton Income Trust: | ||||||||
Templeton Global Bond Fund - Class A | 40,658 | 2,314 | 17,851 | 1,595 | ||||
The Growth Fund of America®, Inc.: | ||||||||
The Growth Fund of America® - Class R-3 | 5,091 | 583 | 3,751 | 135 | ||||
The Growth Fund of America® - Class R-4 | 58,943 | 12,793 | 62,598 | 22,409 | ||||
The Income Fund of America®, Inc.: | ||||||||
The Income Fund of America® - Class R-3 | 879 | 154 | 714 | 48 | ||||
UBS Funds: | ||||||||
UBS U.S. Small Cap Growth Fund - Class A | 39 | 317 | 207 | 21 | ||||
Vanguard® Variable Insurance Fund: | ||||||||
Diversified Value Portfolio | 20 | 5 | 30 | 5 | ||||
Equity Income Portfolio | 104 | 22 | 63 | 94 | ||||
Small Company Growth Portfolio | 73 | 2 | 18 | - | ||||
Wanger Advisors Trust: | ||||||||
Wanger International Small Cap | 10,635 | 895 | - | - | ||||
Wanger Select | 42,066 | 2,690 | 17,069 | 687 | ||||
Wanger U.S. Smaller Companies | 6,892 | 2,409 | 8,864 | 1,576 | ||||
Washington Mutual Investors FundSM, Inc.: | ||||||||
Washington Mutual Investors FundSM, Inc. - Class R-3 | 2,109 | 527 | 1,489 | 159 | ||||
Washington Mutual Investors FundSM, Inc. - Class R-4 | 18,491 | 12,342 | 17,681 | 5,039 | ||||
Wells Fargo Funds Trust: | ||||||||
Wells Fargo Advantage Small Cap Value Fund - Class A | 33 | 1 | 22 | - |
188
VARIABLE ANNUITY ACCOUNT C OF |
ING LIFE INSURANCE AND ANNUITY COMPANY |
Notes to Financial Statements |
8. Changes in Units
The changes in units outstanding were as follows:
Year Ended December 31, | ||||||||||||||
2007 | 2006 | |||||||||||||
Units | Units | Net Increase | Units | Units | Net Increase | |||||||||
Issued | Redeemed | (Decrease) | Issued | Redeemed | (Decrease) | |||||||||
AIM Growth Series: | ||||||||||||||
AIM Mid Cap Core Equity Fund - Class A | 5,723 | 4,719 | 1,004 | 9,470 | 7,424 | 2,046 | ||||||||
AIM Small Cap Growth Fund - Class A | 4,109 | 3,068 | 1,041 | 700 | 35 | 665 | ||||||||
AIM Investment Funds: | ||||||||||||||
AIM Global Health Care Fund - Investor Class | 3,197 | 2,664 | 533 | 3,668 | 2,285 | 1,383 | ||||||||
AIM Variable Insurance Funds: | ||||||||||||||
AIM V.I. Capital Appreciation Fund - Series I Shares | 577,438 | 858,308 | (280,870) | 2,118,775 | 863,241 | 1,255,534 | ||||||||
AIM V.I. Core Equity Fund - Series I Shares | 835,408 | 1,304,710 | (469,302) | 2,447,299 | 1,132,910 | 1,314,389 | ||||||||
AllianceBernstein Growth and Income Fund, Inc.: | ||||||||||||||
AllianceBernstein Growth and Income Fund, Inc. - Class A | 8,476 | 4,643 | 3,833 | 6,666 | 5,300 | 1,366 | ||||||||
AllianceBernstein Variable Products Series Fund, Inc.: | ||||||||||||||
AllianceBernstein Growth and Income Portfolio - Class A | 23,704 | 18,988 | 4,716 | 27,938 | 8,944 | 18,994 | ||||||||
Allianz Funds: | ||||||||||||||
Allianz NFJ Small-Cap Value - Class A | 6,745 | 9,594 | (2,849) | 31,766 | 31,096 | 670 | ||||||||
American Balanced Fund®, Inc.: | ||||||||||||||
American Balanced Fund® - Class R-3 | 408,249 | 323,605 | 84,644 | 237,701 | 155,678 | 82,023 | ||||||||
American Century Quantitative Equity Funds, Inc.: | ||||||||||||||
American Century Income & Growth Fund - A Class | 107,985 | 132,017 | (24,032) | 83,402 | 127,010 | (43,608) | ||||||||
Ariel Investment Trust: | ||||||||||||||
Ariel Appreciation Fund | 42,982 | 45,961 | (2,979) | 48,121 | 31,887 | 16,234 | ||||||||
Ariel Fund | 63,431 | 47,774 | 15,657 | 29,610 | 23,747 | 5,863 | ||||||||
Baron Investment Funds Trust: | ||||||||||||||
Baron Asset Fund | 63,302 | 130,401 | (67,099) | 54,393 | 17,130 | 37,263 | ||||||||
Baron Growth Fund | 12,254 | 111,698 | (99,444) | 106,551 | 88,961 | 17,590 | ||||||||
Calvert Variable Series, Inc.: | ||||||||||||||
Calvert Social Balanced Portfolio | 423,920 | 730,452 | (306,532) | 454,344 | 803,468 | (349,124) |
189
VARIABLE ANNUITY ACCOUNT C OF | ||||||||||||
ING LIFE INSURANCE AND ANNUITY COMPANY | ||||||||||||
Notes to Financial Statements | ||||||||||||
|
Year Ended December 31, | |||||||||||
2007 | 2006 | |||||||||||
Units | Units | Net Increase | Units | Units | Net Increase | |||||||
Issued | Redeemed | (Decrease) | Issued | Redeemed | (Decrease) | |||||||
Capital One Funds: | ||||||||||||
Capital One Mid Cap Equity Fund - Class A | 7,626 | 8,398 | (772) | 1,485 | 4,482 | (2,997) | ||||||
DWS Institutional Funds: | ||||||||||||
DWS Equity 500 Index Fund - Class S | 4,945 | 1,450 | 3,495 | 7,119 | 893 | 6,226 | ||||||
EuroPacific Growth Fund®: | ||||||||||||
EuroPacific Growth Fund® - Class R-3 | 399,141 | 138,712 | 260,429 | 210,987 | 72,885 | 138,102 | ||||||
EuroPacific Growth Fund® - Class R-4 | 4,956,896 | 2,492,904 | 2,463,992 | 4,972,704 | 841,208 | 4,131,496 | ||||||
Evergreen Equity Trust: | ||||||||||||
Evergreen Equity Income Fund - Class I | 331,994 | 1,560 | 330,434 | - | - | - | ||||||
Evergreen Special Values Fund - Class A | 1,076,997 | 1,147,297 | (70,300) | 1,163,358 | 519,605 | 643,753 | ||||||
Fidelity® Advisor Series I: | ||||||||||||
Fidelity® Advisor Mid Cap Fund - Class T | 16,912 | 67,552 | (50,640) | 42,030 | 39,715 | 2,315 | ||||||
Fidelity® Variable Insurance Products: | ||||||||||||
Fidelity® VIP Equity-Income Portfolio - Initial Class | 3,744,191 | 4,876,313 | (1,132,122) | 3,377,189 | 3,978,818 | (601,629) | ||||||
Fidelity® VIP Growth Portfolio - Initial Class | 2,927,325 | 4,827,239 | (1,899,914) | 2,775,066 | 5,800,775 | (3,025,709) | ||||||
Fidelity® VIP High Income Portfolio - Initial Class | 220,235 | 252,226 | (31,991) | 357,053 | 237,444 | 119,609 | ||||||
Fidelity® VIP Overseas Portfolio - Initial Class | 1,073,246 | 1,017,479 | 55,767 | 1,215,717 | 1,222,791 | (7,074) | ||||||
Fidelity® Variable Insurance Products II: | ||||||||||||
Fidelity® VIP Contrafund® Portfolio - Initial Class | 8,807,157 | 9,668,894 | (861,737) | 9,362,500 | 6,228,913 | 3,133,587 | ||||||
Fidelity® VIP Index 500 Portfolio - Initial Class | 245,462 | 513,380 | (267,918) | 243,592 | 413,913 | (170,321) | ||||||
Fidelity® Variable Insurance Products III: | ||||||||||||
Fidelity® VIP Mid Cap Portfolio - Initial Class | 289,297 | 29,672 | 259,625 | 518,859 | 72,758 | 446,101 | ||||||
Fidelity® Variable Insurance Products V: | ||||||||||||
Fidelity® VIP Asset ManagerSM Portfolio - Initial Class | 111,148 | 142,968 | (31,820) | 65,848 | 138,755 | (72,907) | ||||||
Franklin Mutual Series Fund, Inc.: | ||||||||||||
Mutual Discovery Fund - Class R | 94,824 | 46,401 | 48,423 | 50,624 | 11,856 | 38,768 | ||||||
Franklin Strategic Series: | ||||||||||||
Franklin Small-Mid Cap Growth Fund - Class A | 19,230 | 8,325 | 10,905 | 39,633 | 22,456 | 17,177 |
190
VARIABLE ANNUITY ACCOUNT C OF | ||||||||||||
ING LIFE INSURANCE AND ANNUITY COMPANY | ||||||||||||
Notes to Financial Statements | ||||||||||||
Year Ended December 31, | ||||||||||||
2007 | 2006 | |||||||||||
Units | Units | Net Increase | Units | Units | Net Increase | |||||||
Issued | Redeemed | (Decrease) | Issued | Redeemed | (Decrease) | |||||||
Franklin Templeton Variable Insurance Products Trust: | ||||||||||||
Franklin Small Cap Value Securities Fund - Class 2 | 1,982,307 | 1,646,525 | 335,782 | 1,619,032 | 1,294,016 | 325,016 | ||||||
ING Equity Trust: | ||||||||||||
ING Financial Services Fund - Class A | 12,431 | 6,876 | 5,555 | 3,015 | 1,201 | 1,814 | ||||||
ING Real Estate Fund - Class A | 94,357 | 97,354 | (2,997) | 110,049 | 53,377 | 56,672 | ||||||
ING Funds Trust: | ||||||||||||
ING GNMA Income Fund - Class A | 104,192 | 70,034 | 34,158 | 85,687 | 63,354 | 22,333 | ||||||
ING Intermediate Bond Fund - Class A | 221,053 | 102,722 | 118,331 | 115,117 | 43,097 | 72,020 | ||||||
ING GET Fund: | ||||||||||||
ING GET Fund - Series Q | 2,500 | 265,723 | (263,223) | 5,642 | 45,025 | (39,383) | ||||||
ING GET Fund - Series S | 19,436 | 922,990 | (903,554) | 44,894 | 500,178 | (455,284) | ||||||
ING Investors Trust: | ||||||||||||
ING AllianceBernstein Mid Cap Growth Portfolio - Service Class | 249,477 | 228,989 | 20,488 | 444,247 | 270,523 | 173,724 | ||||||
ING BlackRock Large Cap Growth Portfolio - Institutional Class | 12,563,326 | 1,437,420 | 11,125,906 | - | - | - | ||||||
ING BlackRock Large Cap Growth Portfolio - Service Class | 6,613 | 3,017 | 3,596 | 2 | - | 2 | ||||||
ING BlackRock Large Cap Growth Portfolio - Service 2 Class | 14,800 | 710 | 14,090 | - | - | - | ||||||
ING Evergreen Health Sciences Portfolio - Service Class | 362,287 | 253,753 | 108,534 | 346,708 | 124,464 | 222,244 | ||||||
ING Evergreen Omega Portfolio - Service Class | 19 | - | 19 | - | - | - | ||||||
ING FMRSM Diversified Mid Cap Portfolio - Service Class | 648,072 | 455,939 | 192,133 | 1,034,427 | 309,609 | 724,818 | ||||||
ING FMRSM Large Cap Growth Portfolio - Institutional Class | 20,322 | 22,750 | (2,428) | 25,770 | 9,368 | 16,402 | ||||||
ING FMRSM Large Cap Growth Portfolio - Service Class | 10 | - | 10 | - | - | - | ||||||
ING Global Resources Portfolio - Institutional Class | 3,163 | - | 3,163 | - | - | - | ||||||
ING Global Resources Portfolio - Service Class | 10,819,849 | 2,723,054 | 8,096,795 | - | - | - | ||||||
ING Janus Contrarian Portfolio - Service Class | 403,338 | 297 | 403,041 | - | - | - | ||||||
ING JPMorgan Emerging Markets Equity Portfolio - Adviser Class | 18,637 | 4,302 | 14,335 | 4,001 | 110 | 3,891 | ||||||
ING JPMorgan Emerging Markets Equity Portfolio - Institutional Class | 910,736 | 733,949 | 176,787 | 1,466,644 | 962,288 | 504,356 | ||||||
ING JPMorgan Emerging Markets Equity Portfolio - Service Class | 1,435,605 | 992,766 | 442,839 | 1,529,877 | 842,673 | 687,204 | ||||||
ING JPMorgan Small Cap Core Equity Portfolio - Service Class | 165,576 | 97,612 | 67,964 | 225,805 | 124,840 | 100,965 |
191
VARIABLE ANNUITY ACCOUNT C OF | ||||||||||||
ING LIFE INSURANCE AND ANNUITY COMPANY | ||||||||||||
Notes to Financial Statements | ||||||||||||
|
Year Ended December 31, | |||||||||||
2007 | 2006 | |||||||||||
Units | Units | Net Increase | Units | Units | Net Increase | |||||||
Issued | Redeemed | (Decrease) | Issued | Redeemed | (Decrease) | |||||||
ING Investors Trust (continued): | ||||||||||||
ING JPMorgan Value Opportunities Portfolio - Institutional Class | 13,215 | 9,003 | 4,212 | 2,271 | - | 2,271 | ||||||
ING JPMorgan Value Opportunities Portfolio - Service Class | 190,319 | 96,855 | 93,464 | 80,622 | 7,599 | 73,023 | ||||||
ING Julius Baer Foreign Portfolio - Service Class | 1,936,596 | 667,158 | 1,269,438 | 1,477,468 | 368,954 | 1,108,514 | ||||||
ING Legg Mason Partners All Cap Portfolio - Service Class | 6,668 | 9,782 | (3,114) | 3,114 | - | 3,114 | ||||||
ING Legg Mason Value Portfolio - Service Class | 331,690 | 223,908 | 107,782 | 240,217 | 106,096 | 134,121 | ||||||
ING Lord Abbett Affiliated Portfolio - Institutional Class | 13,555,753 | 1,854,866 | 11,700,887 | 138,301 | 39,442 | 98,859 | ||||||
ING Lord Abbett Affiliated Portfolio - Service Class | 48,981 | 2,795 | 46,186 | - | - | - | ||||||
ING Marsico Growth Portfolio - Service Class | 244,311 | 151,526 | 92,785 | 176,898 | 45,969 | 130,929 | ||||||
ING Marsico International Opportunities Portfolio - Adviser Class | 5,652 | 1 | 5,651 | - | - | - | ||||||
ING Marsico International Opportunities Portfolio - Service Class | 489,162 | 279,587 | 209,575 | 638,553 | 268,482 | 370,071 | ||||||
ING MFS Total Return Portfolio - Adviser Class | 52,240 | 7,557 | 44,683 | 5,227 | 1,258 | 3,969 | ||||||
ING MFS Total Return Portfolio - Institutional Class | 7,808,929 | 543,137 | 7,265,792 | 25,357 | 417 | 24,940 | ||||||
ING MFS Total Return Portfolio - Service Class | 652,101 | 913,221 | (261,120) | 558,756 | 1,177,609 | (618,853) | ||||||
ING MFS Utilities Portfolio - Service Class | 2,164,991 | 1,033,978 | 1,131,013 | 954,462 | 177,244 | 777,218 | ||||||
ING Oppenheimer Main Street Portfolio® - Service Class | 167,768 | 75,288 | 92,480 | 67,761 | 21,090 | 46,671 | ||||||
ING PIMCO High Yield Portfolio - Institutional Class | 92,474 | 41,737 | 50,737 | 40,236 | 16,894 | 23,342 | ||||||
ING PIMCO High Yield Portfolio - Service Class | 401,342 | 352,696 | 48,646 | 457,241 | 144,130 | 313,111 | ||||||
ING Pioneer Equity Income Portfolio - Institutional Class | 19,629,191 | 2,532,801 | 17,096,390 | - | - | - | ||||||
ING Pioneer Fund Portfolio - Institutional Class | 1,663,331 | 441,239 | 1,222,092 | 260,890 | 29,191 | 231,699 | ||||||
ING Pioneer Fund Portfolio - Service Class | 9,573 | 2,005 | 7,568 | 3,009 | 712 | 2,297 | ||||||
ING Pioneer Mid Cap Value Portfolio - Institutional Class | 10,041,374 | 1,387,993 | 8,653,381 | 82,161 | 8,384 | 73,777 | ||||||
ING Pioneer Mid Cap Value Portfolio - Service Class | 884 | - | 884 | 562 | - | 562 | ||||||
ING Stock Index Portfolio - Institutional Class | 278,329 | 295,247 | (16,918) | 624,959 | 2,517,628 | (1,892,669) | ||||||
ING T. Rowe Price Capital Appreciation Portfolio - Service Class | 8,366,631 | 2,223,481 | 6,143,150 | 5,718,424 | 465,853 | 5,252,571 | ||||||
ING T. Rowe Price Equity Income Portfolio - Adviser Class | 83,760 | 8,523 | 75,237 | 18,001 | 231 | 17,770 | ||||||
ING T. Rowe Price Equity Income Portfolio - Service Class | 1,675,199 | 997,623 | 677,576 | 1,881,503 | 585,382 | 1,296,121 | ||||||
ING Templeton Global Growth Portfolio - Institutional Class | 85,161 | 14,585 | 70,576 | 4 | - | 4 |
192
VARIABLE ANNUITY ACCOUNT C OF | ||||||||||||
ING LIFE INSURANCE AND ANNUITY COMPANY | ||||||||||||
Notes to Financial Statements | ||||||||||||
Year Ended December 31, | ||||||||||||
2007 | 2006 | |||||||||||
Units | Units | Net Increase | Units | Units | Net Increase | |||||||
Issued | Redeemed | (Decrease) | Issued | Redeemed | (Decrease) | |||||||
ING Investors Trust (continued): | ||||||||||||
ING Templeton Global Growth Portfolio - Service Class | 242,420 | 118,130 | 124,290 | 136,831 | 8,472 | 128,359 | ||||||
ING Van Kampen Capital Growth Portfolio - Service Class | 6,001 | 889 | 5,112 | 1,234 | - | 1,234 | ||||||
ING Van Kampen Growth and Income Portfolio - Service Class | 717,617 | 616,921 | 100,696 | 681,872 | 203,164 | 478,708 | ||||||
ING Van Kampen Real Estate Portfolio - Institutional Class | 45,648 | 13,254 | 32,394 | 62,126 | 1,013 | 61,113 | ||||||
ING Van Kampen Real Estate Portfolio - Service Class | 2,206,811 | 1,507,215 | 699,596 | 1,509,913 | 137,757 | 1,372,156 | ||||||
ING VP Index Plus International Equity Portfolio - Institutional Class | 2,247,490 | 107,202 | 2,140,288 | - | - | - | ||||||
ING VP Index Plus International Equity Portfolio - Service Class | 1,012,580 | 632,793 | 379,787 | 286,710 | 54,596 | 232,114 | ||||||
ING Wells Fargo Disciplined Value Portfolio - Adviser Class | 293 | - | 293 | - | - | - | ||||||
ING Wells Fargo Disciplined Value Portfolio - Service Class | 134,502 | 96,560 | 37,942 | 83,000 | 11,899 | 71,101 | ||||||
ING Wells Fargo Small Cap Disciplined Portfolio - Service Class | 90,288 | 96,877 | (6,589) | 190,605 | 81,835 | 108,770 | ||||||
ING Mutual Funds: | ||||||||||||
ING International Growth Opportunities Fund - Class Q | 786 | 587 | 199 | 251 | 1 | 250 | ||||||
ING International SmallCap Fund - Class A | 98,878 | 34,237 | 64,641 | 58,100 | 31,454 | 26,646 | ||||||
ING Partners, Inc.: | ||||||||||||
ING American Century Large Company Value Portfolio - Adviser Class | 6,597 | - | 6,597 | 911 | 192 | 719 | ||||||
ING American Century Large Company Value Portfolio - Service Class | 261,606 | 312,721 | (51,115) | 132,178 | 123,668 | 8,510 | ||||||
ING American Century Select Portfolio - Initial Class | 750,580 | 13,950,031 | (13,199,451) | 1,520,966 | 3,749,472 | (2,228,506) | ||||||
ING American Century Select Portfolio - Service Class | 23,699 | 23,714 | (15) | 109 | 2,401 | (2,292) | ||||||
ING American Century Small-Mid Cap Value Portfolio - Adviser Class | 3,046 | 1,610 | 1,436 | 1,860 | - | 1,860 | ||||||
ING American Century Small-Mid Cap Value Portfolio - Service Class | 334,590 | 587,143 | (252,553) | 414,734 | 530,341 | (115,607) | ||||||
ING Baron Asset Portfolio - Service Class | 362,660 | 98,595 | 264,065 | 30,849 | 580 | 30,269 | ||||||
ING Baron Small Cap Growth Portfolio - Adviser Class | 21,838 | 6,475 | 15,363 | 7,457 | 2,118 | 5,339 | ||||||
ING Baron Small Cap Growth Portfolio - Service Class | 2,302,412 | 1,557,538 | 744,874 | 1,407,705 | 1,315,385 | 92,320 | ||||||
ING Columbia Small Cap Value II Portfolio - Service Class | 90,561 | 16,977 | 73,584 | 5,361 | 1,455 | 3,906 | ||||||
ING Davis New York Venture Portfolio - Service Class | 90,239 | 206 | 90,033 | 170,182 | 103,620 | 66,562 | ||||||
ING Fidelity® VIP Mid Cap Portfolio - Service Class | 320,169 | 1,293 | 318,876 | 10,211 | 4 | 10,207 | ||||||
ING Fundamental Research Portfolio - Adviser Class | 5,293 | 5,707 | (414) | 517 | 103 | 414 |
193
VARIABLE ANNUITY ACCOUNT C OF | ||||||||||||
ING LIFE INSURANCE AND ANNUITY COMPANY | ||||||||||||
Notes to Financial Statements | ||||||||||||
Year Ended December 31, | ||||||||||||
2007 | 2006 | |||||||||||
Units | Units | Net Increase | Units | Units | Net Increase | |||||||
Issued | Redeemed | (Decrease) | Issued | Redeemed | (Decrease) | |||||||
ING Partners, Inc. (continued): | ||||||||||||
ING Fundamental Research Portfolio - Service Class | 119,388 | 270,280 | (150,892) | 36,625 | 55,776 | (19,151) | ||||||
ING Goldman Sachs® Capital Growth Portfolio - Service Class | 3,533 | 188,305 | (184,772) | 79,352 | 72,958 | 6,394 | ||||||
ING Goldman Sachs® Structured Equity Portfolio - Adviser Class | 386 | 523 | (137) | 520 | 383 | 137 | ||||||
ING JPMorgan International Portfolio - Adviser Class | 91,909 | 79,500 | 12,409 | 1,855 | 263 | 1,592 | ||||||
ING JPMorgan International Portfolio - Initial Class | 930,958 | 1,763,555 | (832,597) | 971,166 | 1,783,565 | (812,399) | ||||||
ING JPMorgan International Portfolio - Service Class | 75,148 | 74,302 | 846 | 2,519 | 1,752 | 767 | ||||||
ING JPMorgan Mid Cap Value Portfolio - Adviser Class | 31,188 | 7,076 | 24,112 | 8,867 | 1,216 | 7,651 | ||||||
ING JPMorgan Mid Cap Value Portfolio - Service Class | 753,529 | 624,087 | 129,442 | 707,012 | 412,698 | 294,314 | ||||||
ING Legg Mason Partners Aggressive Growth Portfolio - Adviser Class | 7,698 | 395 | 7,303 | 1,897 | 374 | 1,523 | ||||||
ING Legg Mason Partners Aggressive Growth Portfolio - Initial Class | 1,451,954 | 4,147,807 | (2,695,853) | 1,688,082 | 3,871,402 | (2,183,320) | ||||||
ING Legg Mason Partners Aggressive Growth Portfolio - Service Class | 612 | 15 | 597 | 3,428 | 3 | 3,425 | ||||||
ING Legg Mason Partners Large Cap Growth Portfolio - Adviser Class | 14,820 | 5,011 | 9,809 | 3,333 | 204 | 3,129 | ||||||
ING Legg Mason Partners Large Cap Growth Portfolio - Initial Class | 56,393 | 95,397 | (39,004) | 77,635 | 111,717 | (34,082) | ||||||
ING Neuberger Berman Partners Portfolio - Service Class | 333,138 | 154,696 | 178,442 | 30,912 | 8,800 | 22,112 | ||||||
ING Neuberger Berman Regency Portfolio - Service Class | 5,336 | 1 | 5,335 | 131 | - | 131 | ||||||
ING OpCap Balanced Value Portfolio - Service Class | 55,321 | 200,551 | (145,230) | 165,629 | 454,670 | (289,041) | ||||||
ING Oppenheimer Global Portfolio - Adviser Class | 26,982 | 6,598 | 20,384 | 9,249 | 1,424 | 7,825 | ||||||
ING Oppenheimer Global Portfolio - Initial Class | 7,087,217 | 16,752,035 | (9,664,818) | 7,096,422 | 14,320,288 | (7,223,866) | ||||||
ING Oppenheimer Global Portfolio - Service Class | 17,666 | 3,042 | 14,624 | 14,537 | 4,735 | 9,802 | ||||||
ING Oppenheimer Strategic Income Portfolio - Adviser Class | 16,071 | 4,281 | 11,790 | 11,656 | 4 | 11,652 | ||||||
ING Oppenheimer Strategic Income Portfolio - Initial Class | 3,657,876 | 3,311,398 | 346,478 | 2,384,250 | 3,344,210 | (959,960) | ||||||
ING PIMCO Total Return Portfolio - Adviser Class | 36,805 | 13,949 | 22,856 | 25,877 | 280 | 25,597 | ||||||
ING PIMCO Total Return Portfolio - Service Class | 3,136,099 | 1,922,724 | 1,213,375 | 2,002,436 | 1,421,129 | 581,307 | ||||||
ING Pioneer High Yield Portfolio - Initial Class | 580,371 | 209,590 | 370,781 | 103,958 | 9,590 | 94,368 | ||||||
ING Pioneer High Yield Portfolio - Service Class | 9,054 | 1,022 | 8,032 | 591 | - | 591 | ||||||
ING Solution 2015 Portfolio - Adviser Class | 964,555 | 407,696 | 556,859 | 232,135 | 30,358 | 201,777 | ||||||
ING Solution 2015 Portfolio - Service Class | 2,247,322 | 1,055,928 | 1,191,394 | 1,375,357 | 266,876 | 1,108,481 |
194
VARIABLE ANNUITY ACCOUNT C OF | ||||||||||||
ING LIFE INSURANCE AND ANNUITY COMPANY | ||||||||||||
Notes to Financial Statements | ||||||||||||
Year Ended December 31, | ||||||||||||
2007 | 2006 | |||||||||||
Units | Units | Net Increase | Units | Units | Net Increase | |||||||
Issued | Redeemed | (Decrease) | Issued | Redeemed | (Decrease) | |||||||
ING Partners, Inc. (continued): | ||||||||||||
ING Solution 2025 Portfolio - Adviser Class | 1,051,286 | 454,599 | 596,687 | 345,467 | 9,595 | 335,872 | ||||||
ING Solution 2025 Portfolio - Service Class | 2,769,924 | 1,130,437 | 1,639,487 | 1,484,133 | 172,026 | 1,312,107 | ||||||
ING Solution 2035 Portfolio - Adviser Class | 759,253 | 316,591 | 442,662 | 283,154 | 15,425 | 267,729 | ||||||
ING Solution 2035 Portfolio - Service Class | 1,839,346 | 694,675 | 1,144,671 | 989,989 | 140,178 | 849,811 | ||||||
ING Solution 2045 Portfolio - Adviser Class | 553,666 | 149,504 | 404,162 | 159,254 | 7,516 | 151,738 | ||||||
ING Solution 2045 Portfolio - Service Class | 1,135,541 | 431,202 | 704,339 | 707,497 | 170,738 | 536,759 | ||||||
ING Solution Income Portfolio - Adviser Class | 953,824 | 458,294 | 495,530 | 151,731 | 5,433 | 146,298 | ||||||
ING Solution Income Portfolio - Service Class | 697,660 | 303,763 | 393,897 | 323,968 | 106,997 | 216,971 | ||||||
ING T. Rowe Price Diversified Mid Cap Growth Portfolio - Adviser Class | 38,827 | 13,501 | 25,326 | 3,451 | 1 | 3,450 | ||||||
ING T. Rowe Price Diversified Mid Cap Growth Portfolio - Initial Class | 3,622,133 | 7,955,554 | (4,333,421) | 3,122,901 | 8,388,076 | (5,265,175) | ||||||
ING T. Rowe Price Diversified Mid Cap Growth Portfolio - Service Class | 361,336 | 357,445 | 3,891 | 37,215 | 23,486 | 13,729 | ||||||
ING T. Rowe Price Growth Equity Portfolio - Adviser Class | 79,555 | 36 | 79,519 | 12,626 | 258 | 12,368 | ||||||
ING T. Rowe Price Growth Equity Portfolio - Initial Class | 2,119,084 | 3,231,669 | (1,112,585) | 1,895,109 | 3,328,512 | (1,433,403) | ||||||
ING T. Rowe Price Growth Equity Portfolio - Service Class | 40,453 | 20,038 | 20,415 | 41,654 | 13,416 | 28,238 | ||||||
ING Templeton Foreign Equity Portfolio - Service Class | 505,988 | 107,681 | 398,307 | 57,199 | 30,234 | 26,965 | ||||||
ING Thornburg Value Portfolio - Adviser Class | 43,011 | 6,164 | 36,847 | 4,522 | - | 4,522 | ||||||
ING Thornburg Value Portfolio - Initial Class | 908,253 | 1,370,840 | (462,587) | 476,708 | 1,337,097 | (860,389) | ||||||
ING UBS U.S. Large Cap Equity Portfolio - Adviser Class | 20,061 | 18,948 | 1,113 | - | - | - | ||||||
ING UBS U.S. Large Cap Equity Portfolio - Initial Class | 1,455,655 | 1,896,676 | (441,021) | 862,373 | 1,784,190 | (921,817) | ||||||
ING UBS U.S. Large Cap Equity Portfolio - Service Class | 1,564 | 1,274 | 290 | 292 | - | 292 | ||||||
ING UBS U.S. Small Cap Growth Portfolio - Service Class | 138,155 | 82,091 | 56,064 | 14,091 | 11,603 | 2,488 | ||||||
ING Van Kampen Comstock Portfolio - Adviser Class | 33,669 | 13,389 | 20,280 | 12,713 | 147 | 12,566 | ||||||
ING Van Kampen Comstock Portfolio - Service Class | 1,263,056 | 2,168,753 | (905,697) | 1,459,124 | 2,125,373 | (666,249) | ||||||
ING Van Kampen Equity and Income Portfolio - Adviser Class | 17,787 | 2,302 | 15,485 | 1,884 | - | 1,884 | ||||||
ING Van Kampen Equity and Income Portfolio - Initial Class | 4,447,388 | 9,639,063 | (5,191,675) | 6,011,674 | 6,142,702 | (131,028) | ||||||
ING Van Kampen Equity and Income Portfolio - Service Class | 188,210 | 185,893 | 2,317 | 4,515 | 1,840 | 2,675 |
195
VARIABLE ANNUITY ACCOUNT C OF | ||||||||||||
ING LIFE INSURANCE AND ANNUITY COMPANY | ||||||||||||
Notes to Financial Statements | ||||||||||||
Year Ended December 31, | ||||||||||||
2007 | 2006 | |||||||||||
Units | Units | Net Increase | Units | Units | Net Increase | |||||||
Issued | Redeemed | (Decrease) | Issued | Redeemed | (Decrease) | |||||||
ING Strategic Allocation Portfolios, Inc.: | ||||||||||||
ING VP Strategic Allocation Conservative Portfolio - Class I | 728,854 | 933,922 | (205,068) | 669,414 | 739,686 | (70,272) | ||||||
ING VP Strategic Allocation Growth Portfolio - Class I | 1,086,612 | 1,404,602 | (317,990) | 1,034,022 | 1,087,631 | (53,609) | ||||||
ING VP Strategic Allocation Moderate Portfolio - Class I | 1,158,918 | 1,809,637 | (650,719) | 1,488,092 | 1,275,733 | 212,359 | ||||||
ING Variable Funds: | ||||||||||||
ING VP Growth and Income Portfolio - Class A | 14,612 | 7 | 14,605 | - | - | - | ||||||
ING VP Growth and Income Portfolio - Class I | 7,117,241 | 16,768,633 | (9,651,392) | 4,790,784 | 15,805,400 | (11,014,616) | ||||||
ING VP Growth and Income Portfolio - Class S | 9,341 | - | 9,341 | - | - | - | ||||||
ING Variable Insurance Trust: | ||||||||||||
ING GET U.S. Core Portfolio - Series 1 | - | 9,163 | (9,163) | - | 47,668 | (47,668) | ||||||
ING GET U.S. Core Portfolio - Series 2 | 36,724 | 230,619 | (193,895) | 10,134 | 395,607 | (385,473) | ||||||
ING GET U.S. Core Portfolio - Series 3 | 97,747 | 621,892 | (524,145) | 85,582 | 1,147,984 | (1,062,402) | ||||||
ING GET U.S. Core Portfolio - Series 5 | - | 2,418 | (2,418) | - | 1,716 | (1,716) | ||||||
ING GET U.S. Core Portfolio - Series 6 | 3,892 | 99,492 | (95,600) | 23,836 | 121,699 | (97,863) | ||||||
ING GET U.S. Core Portfolio - Series 7 | 9,451 | 108,202 | (98,751) | 9,232 | 75,326 | (66,094) | ||||||
ING GET U.S. Core Portfolio - Series 8 | - | 50,524 | (50,524) | 10,938 | 27,849 | (16,911) | ||||||
ING GET U.S. Core Portfolio - Series 9 | - | 654 | (654) | 3,031 | 9,580 | (6,549) | ||||||
ING GET U.S. Core Portfolio - Series 10 | - | 119 | (119) | - | 3,724 | (3,724) | ||||||
ING GET U.S. Core Portfolio - Series 11 | 1,378 | 1,387 | (9) | - | 3,580 | (3,580) | ||||||
ING Variable Portfolios, Inc.: | ||||||||||||
ING VP Global Science and Technology Portfolio - Class I | 3,050,740 | 3,458,973 | (408,233) | 2,970,151 | 4,241,036 | (1,270,885) | ||||||
ING VP Growth Portfolio - Class I | 918,075 | 1,844,379 | (926,304) | 653,273 | 1,473,888 | (820,615) | ||||||
ING VP Index Plus LargeCap Portfolio - Class I | 3,132,176 | 7,400,122 | (4,267,946) | 2,941,762 | 5,714,372 | (2,772,610) | ||||||
ING VP Index Plus LargeCap Portfolio - Class S | 34,733 | 7,800 | 26,933 | 3,832 | 3,225 | 607 | ||||||
ING VP Index Plus MidCap Portfolio - Class I | 3,013,153 | 5,345,859 | (2,332,706) | 2,961,969 | 4,098,221 | (1,136,252) | ||||||
ING VP Index Plus MidCap Portfolio - Class S | 26,670 | 1,311 | 25,359 | 5,408 | 1,557 | 3,851 | ||||||
ING VP Index Plus SmallCap Portfolio - Class I | 1,855,429 | 3,309,955 | (1,454,526) | 2,235,998 | 2,969,049 | (733,051) | ||||||
ING VP Index Plus SmallCap Portfolio - Class S | 4,508 | 640 | 3,868 | 4,546 | - | 4,546 |
196
VARIABLE ANNUITY ACCOUNT C OF | ||||||||||||
ING LIFE INSURANCE AND ANNUITY COMPANY | ||||||||||||
Notes to Financial Statements | ||||||||||||
Year Ended December 31, | ||||||||||||
2007 | 2006 | |||||||||||
Units | Units | Net Increase | Units | Units | Net Increase | |||||||
Issued | Redeemed | (Decrease) | Issued | Redeemed | (Decrease) | |||||||
ING Variable Portfolios, Inc. (continued): | ||||||||||||
ING VP International Equity Portfolio - Class I | 532,851 | 2,234,859 | (1,702,008) | 756,007 | 557,874 | 198,133 | ||||||
ING VP International Equity Portfolio - Class S | 3,140 | 4,540 | (1,400) | 1,400 | - | 1,400 | ||||||
ING VP Small Company Portfolio - Class I | 1,082,126 | 2,632,490 | (1,550,364) | 1,448,901 | 2,002,563 | (553,662) | ||||||
ING VP Small Company Portfolio - Class S | 6,798 | 735 | 6,063 | 930 | 8 | 922 | ||||||
ING VP Value Opportunity Portfolio - Class I | 615,854 | 1,440,721 | (824,867) | 701,739 | 1,543,657 | (841,918) | ||||||
ING Variable Products Trust: | ||||||||||||
ING VP Financial Services Portfolio - Class I | 205,752 | 253,616 | (47,864) | 362,103 | 166,013 | 196,090 | ||||||
ING VP International Value Portfolio - Class I | 990,186 | 382 | 989,804 | 2,916,734 | 1,481,923 | 1,434,811 | ||||||
ING VP International Value Portfolio - Class S | 29,605 | 2,213 | 27,392 | 4,854 | 345 | 4,509 | ||||||
ING VP MidCap Opportunities Portfolio - Class I | 386,244 | 246,512 | 139,732 | 240,882 | 198,715 | 42,167 | ||||||
ING VP MidCap Opportunities Portfolio - Class S | 4,777 | 21 | 4,756 | 243 | - | 243 | ||||||
ING VP Real Estate Portfolio - Class I | 1,182,755 | 2,488,798 | (1,306,043) | 1,951,303 | 841,992 | 1,109,311 | ||||||
ING VP SmallCap Opportunities Portfolio - Class I | 464,165 | 386,491 | 77,674 | 540,975 | 565,248 | (24,273) | ||||||
ING VP SmallCap Opportunities Portfolio - Class S | 1,261 | 736 | 525 | 3,659 | 2,812 | 847 | ||||||
ING VP Balanced Portfolio, Inc.: | ||||||||||||
ING VP Balanced Portfolio - Class I | 2,955,259 | 5,433,278 | (2,478,019) | 2,406,719 | 5,953,493 | (3,546,774) | ||||||
ING VP Intermediate Bond Portfolio: | ||||||||||||
ING VP Intermediate Bond Portfolio - Class I | 5,417,154 | 4,942,349 | 474,805 | 4,030,569 | 4,509,915 | (479,346) | ||||||
ING VP Intermediate Bond Portfolio - Class S | 37,708 | 15,412 | 22,296 | 1,195 | - | 1,195 | ||||||
ING VP Money Market Portfolio: | ||||||||||||
ING VP Money Market Portfolio - Class I | 19,867,213 | 12,375,205 | 7,492,008 | 14,343,402 | 9,279,285 | 5,064,117 | ||||||
ING VP Natural Resources Trust: | ||||||||||||
ING VP Natural Resources Trust | 36,881 | 2,654,969 | (2,618,088) | 1,683,169 | 1,554,306 | 128,863 | ||||||
Janus Adviser Series: | ||||||||||||
Janus Adviser Balanced Fund - Class S | 2,759 | 2,759 | - | - | - | - |
197
VARIABLE ANNUITY ACCOUNT C OF | ||||||||||||
ING LIFE INSURANCE AND ANNUITY COMPANY | ||||||||||||
Notes to Financial Statements | ||||||||||||
Year Ended December 31, | ||||||||||||
2007 | 2006 | |||||||||||
Units | Units | Net Increase | Units | Units | Net Increase | |||||||
Issued | Redeemed | (Decrease) | Issued | Redeemed | (Decrease) | |||||||
Janus Aspen Series: | ||||||||||||
Janus Aspen Series Balanced Portfolio - Institutional Shares | 5,933 | 7,591 | (1,658) | 10,951 | 16,976 | (6,025) | ||||||
Janus Aspen Series Flexible Bond Portfolio - Institutional Shares | 2,104 | 3,023 | (919) | 1,677 | 3,340 | (1,663) | ||||||
Janus Aspen Series Large Cap Growth Portfolio - Institutional Shares | 3,432 | 4,271 | (839) | 1,328 | 3,807 | (2,479) | ||||||
Janus Aspen Series Mid Cap Growth Portfolio - Institutional Shares | 8,231 | 10,635 | (2,404) | 11,698 | 14,747 | (3,049) | ||||||
Janus Aspen Series Worldwide Growth Portfolio - Institutional Shares | 3,238 | 5,612 | (2,374) | 9,145 | 12,668 | (3,523) | ||||||
Lazard Funds, Inc.: | ||||||||||||
Lazard Mid Cap Portfolio - Open Shares | 56,367 | 19,163 | 37,204 | - | - | - | ||||||
Legg Mason Value Trust, Inc.: | ||||||||||||
Legg Mason Value Trust, Inc. - Primary Class | 139,010 | 264,379 | (125,369) | 33,268 | 23,146 | 10,122 | ||||||
LKCM Funds: | ||||||||||||
LKCM Aquinas Growth Fund | 22,791 | 20,172 | 2,619 | 19,131 | 2,287 | 16,844 | ||||||
Lord Abbett Affiliated Fund, Inc.: | ||||||||||||
Lord Abbett Affiliated Fund - Class A | 24,047 | 118,566 | (94,519) | 97,919 | 69,385 | 28,534 | ||||||
Lord Abbett Mid Cap Value Fund, Inc.: | ||||||||||||
Lord Abbett Mid-Cap Value Fund, Inc. - Class A | 62,464 | 50,314 | 12,150 | 47,821 | 36,142 | 11,679 | ||||||
Lord Abbett Research Fund, Inc.: | ||||||||||||
Lord Abbett Small-Cap Value Fund - Class A | 67,759 | 59,864 | 7,895 | 62,292 | 48,756 | 13,536 | ||||||
Lord Abbett Series Fund, Inc.: | ||||||||||||
Lord Abbett Series Fund - Growth and Income Portfolio - Class VC | 2,944,746 | 13,487,085 | (10,542,339) | 2,059,949 | 1,974,799 | 85,150 | ||||||
Lord Abbett Series Fund - Mid-Cap Value Portfolio - Class VC | 1,899,814 | 2,525,719 | (625,905) | 1,854,378 | 2,286,907 | (432,529) | ||||||
Massachusetts Investors Growth Stock Fund: | ||||||||||||
Massachusetts Investors Growth Stock Fund - Class A | 23,149 | 17,169 | 5,980 | 33,417 | 20,490 | 12,927 | ||||||
MFS® Variable Insurance TrustSM: | ||||||||||||
MFS® Total Return Series - Initial Class | 266,111 | 5,227,881 | (4,961,770) | 379,700 | 1,029,558 | (649,858) | ||||||
Moderate Allocation Portfolio: | ||||||||||||
Moderate Allocation Portfolio | 646 | - | 646 | 1,937 | - | 1,937 | ||||||
Neuberger Berman Equity Funds®: | ||||||||||||
Neuberger Berman Socially Responsive Fund® - Trust Class | 159,925 | 33,771 | 126,154 | 50,092 | 1,639 | 48,453 |
198
VARIABLE ANNUITY ACCOUNT C OF | ||||||||||||
ING LIFE INSURANCE AND ANNUITY COMPANY | ||||||||||||
Notes to Financial Statements | ||||||||||||
Year Ended December 31, | ||||||||||||
2007 | 2006 | |||||||||||
Units | Units | Net Increase | Units | Units | Net Increase | |||||||
Issued | Redeemed | (Decrease) | Issued | Redeemed | (Decrease) | |||||||
New Perspective Fund®, Inc.: | ||||||||||||
New Perspective Fund®, Inc. - Class R-3 | 231,269 | 75,992 | 155,277 | 86,426 | 43,420 | 43,006 | ||||||
New Perspective Fund®, Inc. - Class R-4 | 1,180,646 | 620,099 | 560,547 | 1,015,216 | 879,107 | 136,109 | ||||||
Oppenheimer Capital Appreciation Fund: | ||||||||||||
Oppenheimer Capital Appreciation Fund - Class A | 39,871 | 29,627 | 10,244 | 36,284 | 29,519 | 6,765 | ||||||
Oppenheimer Developing Markets Fund: | ||||||||||||
Oppenheimer Developing Markets Fund - Class A | 1,631,150 | 1,356,798 | 274,352 | 1,637,863 | 1,162,167 | 475,696 | ||||||
Oppenheimer Global Fund: | ||||||||||||
Oppenheimer Global Fund - Class A | 2,038 | 8,846 | (6,808) | 4,534 | 795 | 3,739 | ||||||
Oppenheimer Main Street Funds®, Inc.: | ||||||||||||
Oppenheimer Main Street Fund® - Class A | 10,275 | 24,008 | (13,733) | 14,133 | 2,351 | 11,782 | ||||||
Oppenheimer Variable Account Funds: | ||||||||||||
Oppenheimer Global Securities/VA | 5,379 | 14,493 | (9,114) | 10,242 | 12,847 | (2,605) | ||||||
Oppenheimer Main Street Fund®/VA | 14 | 1,154 | (1,140) | 12,583 | - | 12,583 | ||||||
Oppenheimer Main Street Small Cap Fund®/VA | 332,421 | 152,188 | 180,233 | 370,280 | 108,044 | 262,236 | ||||||
Oppenheimer Mid Cap Fund/VA | 4,230 | 100 | 4,130 | 132 | - | 132 | ||||||
Oppenheimer Strategic Bond Fund/VA | 2,831 | 3,717 | (886) | 2,772 | 5,052 | (2,280) | ||||||
Pax World Funds Series Trust I: | ||||||||||||
Pax World Balanced Fund | 1,456,218 | 1,070,970 | 385,248 | 1,545,079 | 2,250,296 | (705,217) | ||||||
PIMCO Variable Insurance Trust: | ||||||||||||
PIMCO Real Return Portfolio - Administrative Class | 1,872,114 | 1,349,048 | 523,066 | 1,299,199 | 1,057,903 | 241,296 | ||||||
Pioneer Fund: | ||||||||||||
Pioneer Fund - Class A | 748 | 3,735 | (2,987) | 2,233 | 1,127 | 1,106 | ||||||
Pioneer High Yield Fund: | ||||||||||||
Pioneer High Yield Fund - Class A | 229,101 | 117,129 | 111,972 | 143,632 | 52,372 | 91,260 | ||||||
Pioneer Variable Contracts Trust: | ||||||||||||
Pioneer Emerging Markets VCT Portfolio - Class I | 3,024,096 | 744,570 | 2,279,526 | - | - | - | ||||||
Pioneer Equity Income VCT Portfolio - Class I | 3,785,938 | 11,822,590 | (8,036,652) | 3,586,863 | 1,110,687 | 2,476,176 |
199
VARIABLE ANNUITY ACCOUNT C OF | ||||||||||||
ING LIFE INSURANCE AND ANNUITY COMPANY | ||||||||||||
Notes to Financial Statements | ||||||||||||
Year Ended December 31, | ||||||||||||
2007 | 2006 | |||||||||||
Units | Units | Net Increase | Units | Units | Net Increase | |||||||
Issued | Redeemed | (Decrease) | Issued | Redeemed | (Decrease) | |||||||
Pioneer Variable Contracts Trust (continued): | ||||||||||||
Pioneer Fund VCT Portfolio - Class I | 10,846,326 | 11,618,750 | (772,424) | 490,570 | 127,646 | 362,924 | ||||||
Pioneer High Yield VCT Portfolio - Class I | 878,955 | 346,365 | 532,590 | 717,508 | 298,748 | 418,760 | ||||||
Pioneer Mid Cap Value VCT Portfolio - Class I | 808,549 | 5,489,676 | (4,681,127) | 1,129,853 | 1,348,694 | (218,841) | ||||||
Premier VIT: | ||||||||||||
Premier VIT OpCap Mid Cap Portfolio | 48,932 | 8,831 | 40,101 | - | - | - | ||||||
T. Rowe Price Mid-Cap Value Fund, Inc.: | ||||||||||||
T. Rowe Price Mid-Cap Value Fund - R Class | 47,799 | 48,781 | (982) | 58,286 | 52,254 | 6,032 | ||||||
T. Rowe Price Value Fund, Inc.: | ||||||||||||
T. Rowe Price Value Fund - Advisor Class | 1,127,366 | 1,124,683 | 2,683 | 2,667 | 21 | 2,646 | ||||||
Templeton Funds, Inc.: | ||||||||||||
Templeton Foreign Fund - Class A | 39,429 | 16,711 | 22,718 | 32,311 | 24,244 | 8,067 | ||||||
Templeton Growth Fund, Inc.: | ||||||||||||
Templeton Growth Fund, Inc. - Class A | 34,710 | 82,455 | (47,745) | 55,651 | 38,547 | 17,104 | ||||||
Templeton Income Trust: | ||||||||||||
Templeton Global Bond Fund - Class A | 3,323,277 | 848,473 | 2,474,804 | 1,552,269 | 357,297 | 1,194,972 | ||||||
The Growth Fund of America®, Inc.: | ||||||||||||
The Growth Fund of America® - Class R-3 | 583,448 | 318,903 | 264,545 | 524,599 | 259,493 | 265,106 | ||||||
The Growth Fund of America® - Class R-4 | 5,779,822 | 3,553,075 | 2,226,747 | 5,803,069 | 2,997,786 | 2,805,283 | ||||||
The Income Fund of America®, Inc.: | ||||||||||||
The Income Fund of America® - Class R-3 | 86,768 | 42,949 | 43,819 | 71,908 | 21,300 | 50,608 | ||||||
UBS Funds: | ||||||||||||
UBS U.S. Small Cap Growth Fund - Class A | 17,098 | 39,017 | (21,919) | 23,849 | 8,380 | 15,469 | ||||||
Vanguard® Variable Insurance Fund: | ||||||||||||
Diversified Value Portfolio | 1,484 | 705 | 779 | 8,813 | 7,039 | 1,774 | ||||||
Equity Income Portfolio | 7,478 | 3,087 | 4,391 | 4,681 | 8,385 | (3,704) | ||||||
Small Company Growth Portfolio | 7,104 | 1,898 | 5,206 | 1,766 | 345 | 1,421 |
200
VARIABLE ANNUITY ACCOUNT C OF | ||||||||||||
ING LIFE INSURANCE AND ANNUITY COMPANY | ||||||||||||
Notes to Financial Statements | ||||||||||||
|
Year Ended December 31, | |||||||||||
2007 | 2006 | |||||||||||
Units | Units | Net Increase | Units | Units | Net Increase | |||||||
Issued | Redeemed | (Decrease) | Issued | Redeemed | (Decrease) | |||||||
Wanger Advisors Trust: | ||||||||||||
Wanger International Small Cap | 1,117,096 | 201,335 | 915,761 | - | - | - | ||||||
Wanger Select | 3,483,410 | 1,088,696 | 2,394,714 | 1,454,894 | 258,150 | 1,196,744 | ||||||
Wanger U.S. Smaller Companies | 759,102 | 501,522 | 257,580 | 868,835 | 339,418 | 529,417 | ||||||
Washington Mutual Investors FundSM, Inc.: | ||||||||||||
Washington Mutual Investors FundSM, Inc. - Class R-3 | 277,535 | 184,207 | 93,328 | 254,815 | 151,932 | 102,883 | ||||||
Washington Mutual Investors FundSM, Inc. - Class R-4 | 2,074,064 | 2,019,305 | 54,759 | 1,884,997 | 1,042,123 | 842,874 | ||||||
Wells Fargo Funds Trust: | ||||||||||||
Wells Fargo Advantage Small Cap Value Fund - Class A | 2,194 | 88 | 2,106 | 1,949 | 19 | 1,930 |
201
VARIABLE ANNUITY ACCOUNT C OF |
ING LIFE INSURANCE AND ANNUITY COMPANY |
Notes to Financial Statements |
9. | Unit Summary | |||||||
Division/Contract | Units | Unit Value | Extended Value | |||||
AIM Mid Cap Core Equity Fund - Class A | ||||||||
Contracts in accumulation period: | ||||||||
ING MAP PLUS NP11 | 15,454.645 | $ 14.26 | $ 220,383 | |||||
ING MAP PLUS NP12 | 59.693 | 14.23 | 849 | |||||
ING MAP PLUS NP14 | 188.627 | 14.18 | 2,675 | |||||
ING MAP PLUS NP19 | 241.957 | 14.04 | 3,397 | |||||
ING MAP PLUS NP25 | 1,493.000 | 13.88 | 20,723 | |||||
ING MAP PLUS NP26 | 1.936 | 13.85 | 27 | |||||
ING MAP PLUS NP30 | 1,332.051 | 13.74 | 18,302 | |||||
Qualified XII (1.00) | 205.438 | 16.18 | 3,324 | |||||
18,977.347 | $ 269,680 | |||||||
AIM Small Cap Growth Fund - Class A | ||||||||
Contracts in accumulation period: | ||||||||
Qualified XII (1.00) | 2,376.654 | $ 14.34 | $ 34,081 | |||||
2,376.654 | $ 34,081 | |||||||
AIM Global Health Care Fund - Investor Class | ||||||||
Contracts in accumulation period: | ||||||||
ING MAP PLUS NP9 | 504.795 | $ 35.57 | $ 17,956 | |||||
ING MAP PLUS NP11 | 1,130.499 | 35.48 | 40,110 | |||||
ING MAP PLUS NP21 | 882.213 | 35.04 | 30,913 | |||||
ING MAP PLUS NP26 | 615.598 | 34.82 | 21,435 | |||||
ING MAP PLUS NP28 | 524.327 | 34.74 | 18,215 | |||||
ING MAP PLUS NP29 | 2.307 | 34.69 | 80 | |||||
ING MAP PLUS NP30 | 352.289 | 34.65 | 12,207 | |||||
ING MAP PLUS NP36 | 93.682 | 34.39 | 3,222 | |||||
4,105.710 | $ 144,138 |
202
VARIABLE ANNUITY ACCOUNT C OF | ||||||||
ING LIFE INSURANCE AND ANNUITY COMPANY | ||||||||
Notes to Financial Statements | ||||||||
| ||||||||
Division/Contract | Units | Unit Value | Extended Value | |||||
AIM V.I. Capital Appreciation Fund - Series I Shares | ||||||||
Currently payable annuity contracts: | 11,159.792 | $7.08 to $14.33 | $ 101,592 | |||||
Contracts in accumulation period: | ||||||||
Qualified VI | 1,127,736.238 | 11.51 | 12,980,244 | |||||
Qualified VIII | 1,667.685 | 11.51 | 19,195 | |||||
Qualified X (1.15) | 15,217.996 | 11.61 | 176,681 | |||||
Qualified X (1.25) | 118,861.880 | 11.51 | 1,368,100 | |||||
Qualified XII (0.05) | 6,486.430 | 12.37 | 80,237 | |||||
Qualified XII (0.20) | 2,426.892 | 12.62 | 30,627 | |||||
Qualified XII (0.25) | 240.922 | 12.56 | 3,026 | |||||
Qualified XII (0.30) | 14,268.962 | 12.51 | 178,505 | |||||
Qualified XII (0.35) | 784.773 | 12.45 | 9,770 | |||||
Qualified XII (0.40) | 9,070.746 | 12.40 | 112,477 | |||||
Qualified XII (0.50) | 508.130 | 13.50 | 6,860 | |||||
Qualified XII (0.50) | 12,557.292 | 12.29 | 154,329 | |||||
Qualified XII (0.55) | 23,868.510 | 12.24 | 292,151 | |||||
Qualified XII (0.60) | 24,825.514 | 12.18 | 302,375 | |||||
Qualified XII (0.65) | 11,415.955 | 12.13 | 138,476 | |||||
Qualified XII (0.70) | 65,750.524 | 12.08 | 794,266 | |||||
Qualified XII (0.75) | 26,140.218 | 12.03 | 314,467 | |||||
Qualified XII (0.80) | 116,061.236 | 11.97 | 1,389,253 | |||||
Qualified XII (0.85) | 193,574.961 | 11.92 | 2,307,414 | |||||
Qualified XII (0.90) | 8,726.066 | 11.87 | 103,578 | |||||
Qualified XII (0.95) | 249,516.747 | 11.82 | 2,949,288 | |||||
Qualified XII (1.00) | 243,933.884 | 11.77 | 2,871,102 | |||||
Qualified XII (1.05) | 53,910.624 | 11.72 | 631,833 | |||||
Qualified XII (1.10) | 41,949.912 | 11.67 | 489,555 | |||||
Qualified XII (1.15) | 42,365.161 | 11.61 | 491,860 | |||||
Qualified XII (1.20) | 39,498.348 | 11.56 | 456,601 | |||||
Qualified XII (1.25) | 48,259.454 | 11.51 | 555,466 | |||||
Qualified XII (1.30) | 4,659.384 | 11.46 | 53,397 | |||||
Qualified XII (1.35) | 6,817.975 | 11.41 | 77,793 | |||||
Qualified XII (1.40) | 12,117.697 | 11.36 | 137,657 | |||||
Qualified XII (1.45) | 2,825.113 | 11.32 | 31,980 | |||||
Qualified XII (1.50) | 1,822.398 | 11.27 | 20,538 | |||||
Qualified XV | 13,495.512 | 11.79 | 159,112 | |||||
Qualified XVI | 34,912.792 | 11.27 | 393,467 | |||||
Qualified XVII | 651.186 | 11.52 | 7,502 | |||||
Qualified XVIII | 3,433.521 | 11.52 | 39,554 | |||||
Qualified XXI | 20,409.751 | 11.94 | 243,692 | |||||
Qualified XXV | 9,438.420 | 11.94 | 112,695 | |||||
Qualified XXVI | 11,235.566 | 11.81 | 132,692 | |||||
Qualified XXVII | 305,162.395 | 7.26 | 2,215,479 | |||||
Qualified XXXII | 2,119.257 | 13.48 | 28,568 | |||||
Qualified XXXVI | 2,010.843 | 13.38 | 26,905 |
203
VARIABLE ANNUITY ACCOUNT C OF | ||||||||
ING LIFE INSURANCE AND ANNUITY COMPANY | ||||||||
Notes to Financial Statements | ||||||||
|
Division/Contract | Units | Unit Value | Extended Value | ||||
AIM V.I. Capital Appreciation Fund - Series I Shares | ||||||||
(continued) | ||||||||
Qualified LIII | 7,791.084 | $ 13.79 | $ 107,439 | |||||
Qualified LIV | 7,721.959 | 13.75 | 106,177 | |||||
Qualified LV | 13,116.389 | 13.82 | 181,268 | |||||
Qualified LVI | 5,120.886 | 13.83 | 70,822 | |||||
2,975,646.980 | $ 33,456,065 | |||||||
AIM V.I. Core Equity Fund - Series I Shares | ||||||||
Currently payable annuity contracts: | 6,632.231 | $14.18 to $14.48 | $ 94,512 | |||||
Contracts in accumulation period: | ||||||||
Qualified VI | 1,796,063.193 | 10.63 | 19,092,152 | |||||
Qualified VIII | 4.085 | 10.62 | 43 | |||||
Qualified X (1.15) | 26,339.743 | 10.72 | 282,362 | |||||
Qualified X (1.25) | 120,761.399 | 10.63 | 1,283,694 | |||||
Qualified XII (0.05) | 13,869.486 | 11.42 | 158,390 | |||||
Qualified XII (0.20) | 6,241.989 | 11.65 | 72,719 | |||||
Qualified XII (0.25) | 59.691 | 11.60 | 692 | |||||
Qualified XII (0.30) | 6,960.753 | 11.54 | 80,327 | |||||
Qualified XII (0.35) | 2,060.496 | 11.49 | 23,675 | |||||
Qualified XII (0.40) | 11,140.498 | 11.44 | 127,447 | |||||
Qualified XII (0.50) | 6,790.971 | 14.75 | 100,167 | |||||
Qualified XII (0.50) | 19,827.226 | 11.35 | 225,039 | |||||
Qualified XII (0.55) | 83,014.041 | 11.30 | 938,059 | |||||
Qualified XII (0.60) | 52,059.437 | 11.25 | 585,669 | |||||
Qualified XII (0.65) | 16,223.694 | 11.20 | 181,705 | |||||
Qualified XII (0.70) | 93,938.689 | 11.15 | 1,047,416 | |||||
Qualified XII (0.75) | 45,948.857 | 11.10 | 510,032 | |||||
Qualified XII (0.80) | 206,699.452 | 11.05 | 2,284,029 | |||||
Qualified XII (0.85) | 206,829.402 | 11.01 | 2,277,192 | |||||
Qualified XII (0.90) | 10,643.305 | 10.96 | 116,651 | |||||
Qualified XII (0.95) | 302,278.398 | 10.91 | 3,297,857 | |||||
Qualified XII (1.00) | 544,773.610 | 10.86 | 5,916,241 | |||||
Qualified XII (1.05) | 115,519.099 | 10.82 | 1,249,917 | |||||
Qualified XII (1.10) | 53,729.255 | 10.77 | 578,664 | |||||
Qualified XII (1.15) | 47,593.997 | 10.72 | 510,208 | |||||
Qualified XII (1.20) | 54,312.548 | 10.68 | 580,058 | |||||
Qualified XII (1.25) | 60,508.865 | 10.63 | 643,209 | |||||
Qualified XII (1.30) | 3,308.928 | 10.58 | 35,008 | |||||
Qualified XII (1.35) | 9,584.173 | 10.54 | 101,017 | |||||
Qualified XII (1.40) | 18,679.418 | 10.49 | 195,947 | |||||
Qualified XII (1.45) | 2,509.154 | 10.45 | 26,221 | |||||
Qualified XII (1.50) | 3,314.700 | 10.40 | 34,473 | |||||
Qualified XV | 7,189.994 | 10.88 | 78,227 | |||||
Qualified XVI | 39,193.669 | 10.40 | 407,614 |
204
VARIABLE ANNUITY ACCOUNT C OF | ||||||||
ING LIFE INSURANCE AND ANNUITY COMPANY | ||||||||
Notes to Financial Statements | ||||||||
|
||||||||
Division/Contract | Units | Unit Value | Extended Value | |||||
AIM V.I. Core Equity Fund - Series I Shares (continued) | ||||||||
Qualified XVII | 4,732.796 | $ 10.63 | $ 50,310 | |||||
Qualified XVIII | 5,008.526 | 10.63 | 53,241 | |||||
Qualified XXI | 12,263.006 | 11.02 | 135,138 | |||||
Qualified XXV | 21,043.588 | 11.02 | 231,900 | |||||
Qualified XXVI | 17,460.888 | 10.90 | 190,324 | |||||
Qualified XXVII | 421,087.710 | 8.58 | 3,612,933 | |||||
Qualified XXXII | 920.933 | 14.28 | 13,151 | |||||
Qualified XXXIII (0.65) | 483.266 | 14.53 | 7,022 | |||||
Qualified XXXVI | 1,755.104 | 14.62 | 25,660 | |||||
Qualified LIII | 23,308.185 | 13.65 | 318,157 | |||||
Qualified LIV | 7,310.489 | 13.60 | 99,423 | |||||
Qualified LV | 20,497.727 | 13.67 | 280,204 | |||||
Qualified LVI | 5,162.695 | 13.68 | 70,626 | |||||
4,535,639.359 | $ 48,224,722 | |||||||
AllianceBernstein Growth and Income Fund, Inc. - Class A | ||||||||
Contracts in accumulation period: | ||||||||
ING MAP PLUS NP11 | 2,443.647 | $ 13.50 | $ 32,989 | |||||
ING MAP PLUS NP16 | 2,437.660 | 13.37 | 32,592 | |||||
ING MAP PLUS NP18 | 333.314 | 13.32 | 4,440 | |||||
ING MAP PLUS NP22 | 554.303 | 13.22 | 7,328 | |||||
ING MAP PLUS NP23 | 1,037.728 | 13.19 | 13,688 | |||||
ING MAP PLUS NP24 | 1,274.519 | 13.16 | 16,773 | |||||
ING MAP PLUS NP26 | 787.145 | 13.11 | 10,319 | |||||
ING MAP PLUS NP30 | 119.324 | 13.01 | 1,552 | |||||
8,987.640 | $ 119,681 | |||||||
AllianceBernstein Growth and Income Portfolio - Class A | ||||||||
Contracts in accumulation period: | ||||||||
Qualified X (1.15) | 23,810.634 | $ 14.04 | $ 334,301 | |||||
Qualified X (1.25) | 21,490.146 | 13.99 | 300,647 | |||||
Qualified XVIII | 718.717 | 14.11 | 10,141 | |||||
46,019.497 | $ 645,089 | |||||||
Allianz NFJ Small-Cap Value - Class A | ||||||||
Contracts in accumulation period: | ||||||||
ING MAP PLUS NP12 | 49.962 | $ 16.30 | $ 814 | |||||
ING MAP PLUS NP14 | 2,620.917 | 16.24 | 42,564 | |||||
ING MAP PLUS NP18 | 17,727.719 | 16.11 | 285,594 | |||||
ING MAP PLUS NP19 | 1,311.027 | 16.08 | 21,081 | |||||
ING MAP PLUS NP21 | 6,490.170 | 16.02 | 103,973 | |||||
28,199.795 | $ 454,026 |
205
VARIABLE ANNUITY ACCOUNT C OF | ||||||||
ING LIFE INSURANCE AND ANNUITY COMPANY | ||||||||
Notes to Financial Statements | ||||||||
|
Division/Contract | Units | Unit Value | Extended Value | ||||
American Balanced Fund® - Class R-3 | ||||||||
Contracts in accumulation period: | ||||||||
ING MAP PLUS NP1 | 7,266.941 | $ 12.95 | $ 94,107 | |||||
ING MAP PLUS NP6 | 40,855.390 | 12.83 | 524,175 | |||||
ING MAP PLUS NP8 | 8,076.122 | 12.78 | 103,213 | |||||
ING MAP PLUS NP9 | 14,441.832 | 12.75 | 184,133 | |||||
ING MAP PLUS NP10 | 31,685.793 | 12.73 | 403,360 | |||||
ING MAP PLUS NP11 | 3,646.964 | 12.70 | 46,316 | |||||
ING MAP PLUS NP13 | 6,635.191 | 12.65 | 83,935 | |||||
ING MAP PLUS NP14 | 76,252.720 | 12.63 | 963,072 | |||||
ING MAP PLUS NP15 | 2.856 | 12.60 | 36 | |||||
ING MAP PLUS NP16 | 2,744.161 | 12.58 | 34,522 | |||||
ING MAP PLUS NP17 | 9,503.877 | 12.56 | 119,369 | |||||
ING MAP PLUS NP18 | 16,801.639 | 12.53 | 210,525 | |||||
ING MAP PLUS NP19 | 142,960.422 | 12.51 | 1,788,435 | |||||
ING MAP PLUS NP20 | 63,383.148 | 12.48 | 791,022 | |||||
ING MAP PLUS NP21 | 27,174.296 | 12.46 | 338,592 | |||||
ING MAP PLUS NP22 | 712.383 | 12.43 | 8,855 | |||||
ING MAP PLUS NP23 | 3,002.588 | 12.41 | 37,262 | |||||
ING MAP PLUS NP24 | 16,779.058 | 12.39 | 207,893 | |||||
ING MAP PLUS NP25 | 463.217 | 12.36 | 5,725 | |||||
ING MAP PLUS NP26 | 3,968.834 | 12.34 | 48,975 | |||||
ING MAP PLUS NP27 | 4,510.081 | 12.31 | 55,519 | |||||
ING MAP PLUS NP28 | 21,631.880 | 12.29 | 265,856 | |||||
ING MAP PLUS NP29 | 1,112.433 | 12.26 | 13,638 | |||||
ING MAP PLUS NP30 | 2,660.355 | 12.24 | 32,563 | |||||
506,272.181 | $ 6,361,098 | |||||||
American Century Income & Growth Fund - A Class | ||||||||
Contracts in accumulation period: | ||||||||
Qualified XII (1.00) | 164.410 | $ 36.60 | $ 6,017 | |||||
Qualified XII (1.10) | 624.709 | 36.33 | 22,696 | |||||
Qualified XXVII | 470,664.090 | 11.83 | 5,567,956 | |||||
471,453.209 | $ 5,596,669 |
206
VARIABLE ANNUITY ACCOUNT C OF | ||||||||
ING LIFE INSURANCE AND ANNUITY COMPANY | ||||||||
Notes to Financial Statements | ||||||||
|
Division/Contract | Units | Unit Value | Extended Value | ||||
Ariel Appreciation Fund | ||||||||
Contracts in accumulation period: | ||||||||
ING MAP PLUS NP13 | 6,173.290 | $ 11.96 | $ 73,833 | |||||
ING MAP PLUS NP14 | 26,595.722 | 11.93 | 317,287 | |||||
ING MAP PLUS NP17 | 59.118 | 11.86 | 701 | |||||
ING MAP PLUS NP18 | 887.336 | 11.84 | 10,506 | |||||
ING MAP PLUS NP19 | 845.743 | 11.82 | 9,997 | |||||
ING MAP PLUS NP22 | 6,945.811 | 11.75 | 81,613 | |||||
ING MAP PLUS NP23 | 4,702.224 | 11.72 | 55,110 | |||||
ING MAP PLUS NP24 | 34.827 | 11.70 | 407 | |||||
ING MAP PLUS NP29 | 34.562 | 11.59 | 401 | |||||
ING MAP PLUS NP30 | 250.736 | 11.57 | 2,901 | |||||
ING MAP PLUS NP32 | 56.888 | 11.52 | 655 | |||||
ING MAP PLUS NP36 | 2,150.333 | 11.43 | 24,578 | |||||
48,736.590 | $ 577,989 | |||||||
Ariel Fund | ||||||||
Contracts in accumulation period: | ||||||||
ING MAP PLUS NP6 | 296.527 | $ 12.65 | $ 3,751 | |||||
ING MAP PLUS NP8 | 1,219.815 | 12.60 | 15,370 | |||||
ING MAP PLUS NP9 | 15,033.691 | 12.58 | 189,124 | |||||
ING MAP PLUS NP12 | 55.083 | 12.51 | 689 | |||||
ING MAP PLUS NP14 | 3,531.817 | 12.46 | 44,006 | |||||
ING MAP PLUS NP15 | 261.166 | 12.43 | 3,246 | |||||
ING MAP PLUS NP17 | 6,116.107 | 12.38 | 75,717 | |||||
ING MAP PLUS NP18 | 4,509.818 | 12.36 | 55,741 | |||||
ING MAP PLUS NP19 | 11,492.828 | 12.34 | 141,821 | |||||
ING MAP PLUS NP20 | 11,196.877 | 12.31 | 137,834 | |||||
ING MAP PLUS NP21 | 2,738.158 | 12.29 | 33,652 | |||||
ING MAP PLUS NP22 | 1,220.508 | 12.26 | 14,963 | |||||
ING MAP PLUS NP23 | 3,914.684 | 12.24 | 47,916 | |||||
ING MAP PLUS NP24 | 3,548.943 | 12.22 | 43,368 | |||||
ING MAP PLUS NP26 | 1.554 | 12.17 | 19 | |||||
ING MAP PLUS NP27 | 30.014 | 12.14 | 364 | |||||
ING MAP PLUS NP28 | 1,057.248 | 12.12 | 12,814 | |||||
ING MAP PLUS NP29 | 67.155 | 12.10 | 813 | |||||
ING MAP PLUS NP30 | 1,036.733 | 12.07 | 12,513 | |||||
ING MAP PLUS NP36 | 321.959 | 11.93 | 3,841 | |||||
67,650.685 | $ 837,562 |
207
VARIABLE ANNUITY ACCOUNT C OF | ||||||||
ING LIFE INSURANCE AND ANNUITY COMPANY | ||||||||
Notes to Financial Statements | ||||||||
|
Division/Contract | Units | Unit Value | Extended Value | ||||
Calvert Social Balanced Portfolio | ||||||||
Currently payable annuity contracts: | 8,801.562 | $ 12.58 | $ 110,724 | |||||
Contracts in accumulation period: | ||||||||
ING Custom Choice 62 | 801.954 | 12.30 | 9,864 | |||||
Qualified V | 438.399 | 24.96 | 10,942 | |||||
Qualified VI | 750,365.474 | 24.82 | 18,624,071 | |||||
Qualified VIII | 5,211.004 | 22.53 | 117,404 | |||||
Qualified X (1.15) | 3,808.132 | 12.84 | 48,896 | |||||
Qualified X (1.25) | 78,954.043 | 12.72 | 1,004,295 | |||||
Qualified XII (0.05) | 4,684.492 | 26.93 | 126,153 | |||||
Qualified XII (0.20) | 3,366.260 | 14.29 | 48,104 | |||||
Qualified XII (0.25) | 95.499 | 14.22 | 1,358 | |||||
Qualified XII (0.30) | 3,059.723 | 14.15 | 43,295 | |||||
Qualified XII (0.35) | 210.827 | 14.08 | 2,968 | |||||
Qualified XII (0.40) | 1,199.144 | 19.59 | 23,491 | |||||
Qualified XII (0.50) | 6,214.762 | 14.21 | 88,312 | |||||
Qualified XII (0.55) | 10,847.133 | 13.81 | 149,799 | |||||
Qualified XII (0.60) | 22,591.770 | 13.75 | 310,637 | |||||
Qualified XII (0.65) | 7,484.746 | 13.68 | 102,391 | |||||
Qualified XII (0.70) | 97,789.640 | 13.62 | 1,331,895 | |||||
Qualified XII (0.75) | 99,843.555 | 13.55 | 1,352,880 | |||||
Qualified XII (0.80) | 114,927.344 | 14.20 | 1,631,968 | |||||
Qualified XII (0.85) | 140,885.121 | 18.84 | 2,654,276 | |||||
Qualified XII (0.90) | 9,761.680 | 13.95 | 136,175 | |||||
Qualified XII (0.95) | 178,681.021 | 18.63 | 3,328,827 | |||||
Qualified XII (1.00) | 296,589.767 | 18.52 | 5,492,842 | |||||
Qualified XII (1.05) | 28,402.262 | 18.41 | 522,886 | |||||
Qualified XII (1.10) | 43,564.311 | 18.30 | 797,227 | |||||
Qualified XII (1.15) | 12,869.063 | 18.20 | 234,217 | |||||
Qualified XII (1.20) | 5,606.213 | 18.09 | 101,416 | |||||
Qualified XII (1.25) | 32,303.668 | 17.99 | 581,143 | |||||
Qualified XII (1.30) | 188.135 | 17.88 | 3,364 | |||||
Qualified XII (1.35) | 2,502.024 | 17.78 | 44,486 | |||||
Qualified XII (1.40) | 15,897.580 | 17.67 | 280,910 | |||||
Qualified XII (1.45) | 1,914.147 | 17.57 | 33,632 | |||||
Qualified XII (1.50) | 236.904 | 17.47 | 4,139 | |||||
Qualified XV | 3,453.899 | 25.65 | 88,593 | |||||
Qualified XVI | 31,328.364 | 24.16 | 756,893 | |||||
Qualified XVII | 652.748 | 24.82 | 16,201 | |||||
Qualified XVIII | 1,949.381 | 12.72 | 24,796 | |||||
Qualified XXI | 3,425.099 | 25.99 | 89,018 | |||||
Qualified XXV | 4,442.849 | 25.73 | 114,315 | |||||
Qualified XXVI | 1.185 | 25.45 | 30 | |||||
Qualified XXVII | 448,637.743 | 33.54 | 15,047,310 | |||||
Qualified XXVIII | 111,419.418 | 33.23 | 3,702,467 |
208
VARIABLE ANNUITY ACCOUNT C OF | ||||||||||
ING LIFE INSURANCE AND ANNUITY COMPANY | ||||||||||
Notes to Financial Statements | ||||||||||
|
Division/Contract | Units | Unit Value | Extended Value | ||||||
Calvert Social Balanced Portfolio (continued) | ||||||||||
Qualified XXXII | 490.258 | $ 12.41 | $ 6,084 | |||||||
Qualified XXXVI | 532.164 | 12.88 | 6,854 | |||||||
Qualified LIII | 1,615.480 | 12.03 | 19,434 | |||||||
Qualified LIV | 9,839.219 | 12.00 | 118,071 | |||||||
Qualified LV | 7,063.371 | 12.06 | 85,184 | |||||||
Qualified LVI | 3,114.312 | 12.06 | 37,559 | |||||||
2,618,062.849 | $ 59,467,796 | |||||||||
Capital One Mid Cap Equity Fund - Class A | ||||||||||
Contracts in accumulation period: | ||||||||||
Qualified VI | 9.812 | $ 13.44 | $ 132 | |||||||
Qualified XII (0.70) | 152.647 | 13.72 | 2,094 | |||||||
Qualified XII (0.80) | 2,986.864 | 13.67 | 40,830 | |||||||
Qualified XII (0.85) | 3,033.565 | 13.64 | 41,378 | |||||||
Qualified XII (1.00) | 181.492 | 13.57 | 2,463 | |||||||
Qualified XII (1.25) | 12.842 | 13.44 | 173 | |||||||
6,377.222 | $ 87,070 | |||||||||
DWS Equity 500 Index Fund - Class S | ||||||||||
Contracts in accumulation period: | ||||||||||
Qualified XII (1.00) | 14,918.115 | $ 15.27 | $ 227,800 | |||||||
14,918.115 | $ 227,800 |
209
VARIABLE ANNUITY ACCOUNT C OF | ||||||
ING LIFE INSURANCE AND ANNUITY COMPANY | ||||||
Notes to Financial Statements | ||||||
Division/Contract | Units | Unit Value | Extended Value | |||
EuroPacific Growth Fund® - Class R-3 | ||||||
Contracts in accumulation period: | ||||||
ING MAP PLUS NP1 | 66,492.396 | $ 20.20 | $ 1,343,146 | |||
ING MAP PLUS NP6 | 26,232.094 | 20.00 | 524,642 | |||
ING MAP PLUS NP8 | 69,071.673 | 19.93 | 1,376,598 | |||
ING MAP PLUS NP9 | 13,319.113 | 19.89 | 264,917 | |||
ING MAP PLUS NP10 | 9,274.959 | 19.85 | 184,108 | |||
ING MAP PLUS NP11 | 32,344.773 | 19.81 | 640,750 | |||
ING MAP PLUS NP12 | 13,106.545 | 19.77 | 259,116 | |||
ING MAP PLUS NP13 | 14,808.360 | 19.73 | 292,169 | |||
ING MAP PLUS NP14 | 77,005.810 | 19.69 | 1,516,244 | |||
ING MAP PLUS NP15 | 16,168.215 | 19.66 | 317,867 | |||
ING MAP PLUS NP16 | 23,614.206 | 19.62 | 463,311 | |||
ING MAP PLUS NP17 | 30,582.332 | 19.58 | 598,802 | |||
ING MAP PLUS NP18 | 808.566 | 19.54 | 15,799 | |||
ING MAP PLUS NP19 | 12,125.906 | 19.50 | 236,455 | |||
ING MAP PLUS NP20 | 6,712.400 | 19.46 | 130,623 | |||
ING MAP PLUS NP21 | 7,921.054 | 19.43 | 153,906 | |||
ING MAP PLUS NP22 | 23,442.206 | 19.39 | 454,544 | |||
ING MAP PLUS NP23 | 8,913.202 | 19.35 | 172,470 | |||
ING MAP PLUS NP24 | 5,993.532 | 19.31 | 115,735 | |||
ING MAP PLUS NP26 | 1,774.351 | 19.24 | 34,139 | |||
ING MAP PLUS NP28 | 16,232.714 | 19.16 | 311,019 | |||
ING MAP PLUS NP29 | 6,090.905 | 19.13 | 116,519 | |||
ING MAP PLUS NP30 | 1,429.186 | 19.09 | 27,283 | |||
ING MAP PLUS NP32 | 764.365 | 19.01 | 14,531 | |||
ING MAP PLUS NP36 | 1,578.418 | 18.87 | 29,785 | |||
485,807.281 | $ 9,594,478 |
210
VARIABLE ANNUITY ACCOUNT C OF | ||||||
ING LIFE INSURANCE AND ANNUITY COMPANY | ||||||
Notes to Financial Statements | ||||||
Division/Contract | Units | Unit Value | Extended Value | |||
EuroPacific Growth Fund® - Class R-4 | ||||||
Contracts in accumulation period: | ||||||
ING Custom Choice 62 | 6,632.819 | $ 20.14 | $ 133,585 | |||
Qualified V | 2,133.922 | 19.22 | 41,014 | |||
Qualified VI | 2,852,299.582 | 19.34 | 55,163,474 | |||
Qualified XII (0.00) | 213.525 | 20.24 | 4,322 | |||
Qualified XII (0.05) | 147,996.119 | 20.21 | 2,991,002 | |||
Qualified XII (0.25) | 73,974.052 | 20.06 | 1,483,919 | |||
Qualified XII (0.30) | 126,355.476 | 20.02 | 2,529,637 | |||
Qualified XII (0.35) | 10,403.791 | 19.98 | 207,868 | |||
Qualified XII (0.40) | 26,259.902 | 19.95 | 523,885 | |||
Qualified XII (0.50) | 1,529.294 | 20.04 | 30,647 | |||
Qualified XII (0.50) | 1,011,770.172 | 19.88 | 20,113,991 | |||
Qualified XII (0.55) | 15,260.290 | 19.84 | 302,764 | |||
Qualified XII (0.60) | 42,629.184 | 19.80 | 844,058 | |||
Qualified XII (0.65) | 76,630.857 | 19.77 | 1,514,992 | |||
Qualified XII (0.70) | 278,449.655 | 19.73 | 5,493,812 | |||
Qualified XII (0.75) | 92,027.086 | 19.69 | 1,812,013 | |||
Qualified XII (0.80) | 666,502.747 | 19.66 | 13,103,444 | |||
Qualified XII (0.85) | 325,210.624 | 19.62 | 6,380,632 | |||
Qualified XII (0.90) | 27,275.088 | 19.59 | 534,319 | |||
Qualified XII (0.95) | 402,398.254 | 19.55 | 7,866,886 | |||
Qualified XII (1.00) | 2,562,446.003 | 19.51 | 49,993,322 | |||
Qualified XII (1.05) | 146,947.186 | 19.48 | 2,862,531 | |||
Qualified XII (1.10) | 42,812.210 | 19.44 | 832,269 | |||
Qualified XII (1.15) | 85,743.967 | 19.41 | 1,664,290 | |||
Qualified XII (1.20) | 12,275.572 | 19.37 | 237,778 | |||
Qualified XII (1.25) | 92,486.519 | 19.34 | 1,788,689 | |||
Qualified XII (1.30) | 1,333.217 | 19.30 | 25,731 | |||
Qualified XII (1.35) | 2,772.675 | 19.26 | 53,402 | |||
Qualified XII (1.40) | 11,102.304 | 19.23 | 213,497 | |||
Qualified XII (1.45) | 1,607.784 | 19.19 | 30,853 | |||
Qualified XII (1.50) | 461.329 | 19.16 | 8,839 | |||
Qualified XV | 7,656.269 | 19.55 | 149,680 | |||
Qualified XVI | 63,231.675 | 19.16 | 1,211,519 | |||
Qualified XVII | 3,425.813 | 19.49 | 66,769 | |||
Qualified XXI | 10,807.739 | 19.66 | 212,480 | |||
Qualified XXV | 7,794.502 | 19.72 | 153,708 | |||
Qualified XXVI | 7,258.091 | 19.63 | 142,476 | |||
Qualified XXVII | 1,751,755.786 | 17.16 | 30,060,129 | |||
Qualified XXXVII | 1,377.533 | 9.92 | 13,665 | |||
Qualified LIII | 5,969.130 | 17.66 | 105,415 | |||
Qualified LIV | 96,626.795 | 17.61 | 1,701,598 | |||
Qualified LV | 16,278.688 | 17.70 | 288,133 | |||
Qualified LVI | 44.231 | 17.70 | 783 | |||
11,118,167.457 | $ 212,893,820 |
211
VARIABLE ANNUITY ACCOUNT C OF | ||||||
ING LIFE INSURANCE AND ANNUITY COMPANY | ||||||
Notes to Financial Statements | ||||||
Division/Contract | Units | Unit Value | Extended Value | |||
Evergreen Equity Income Fund - Class I | ||||||
Currently payable annuity contracts: | 330,433.503 | $11.45 to $11.58 | 3,826,245 | |||
330,433.503 | $ 3,826,245 | |||||
Evergreen Special Values Fund - Class A | ||||||
Contracts in accumulation period: | ||||||
ING MAP PLUS NP7 | 28.625 | $ 14.14 | $ 405 | |||
ING MAP PLUS NP8 | 3,187.098 | 14.12 | 45,002 | |||
ING MAP PLUS NP14 | 4,638.741 | 13.95 | 64,710 | |||
ING MAP PLUS NP16 | 1,894.835 | 13.90 | 26,338 | |||
ING MAP PLUS NP17 | 5,422.601 | 13.87 | 75,211 | |||
ING MAP PLUS NP19 | 5,224.192 | 13.82 | 72,198 | |||
ING MAP PLUS NP25 | 1,407.504 | 13.66 | 19,227 | |||
ING MAP PLUS NP26 | 1,287.692 | 13.63 | 17,551 | |||
ING MAP PLUS NP27 | 146.682 | 13.60 | 1,995 | |||
Qualified V | 909.591 | 21.34 | 19,411 | |||
Qualified VI | 867,219.089 | 21.59 | 18,723,260 | |||
Qualified XII (0.30) | 41,375.555 | 23.16 | 958,258 | |||
Qualified XII (0.40) | 20,060.005 | 22.99 | 461,180 | |||
Qualified XII (0.50) | 6,235.766 | 22.82 | 142,300 | |||
Qualified XII (0.55) | 20,435.090 | 22.74 | 464,694 | |||
Qualified XII (0.60) | 17,686.544 | 22.66 | 400,777 | |||
Qualified XII (0.65) | 5,107.038 | 22.57 | 115,266 | |||
Qualified XII (0.70) | 38,258.055 | 22.49 | 860,424 | |||
Qualified XII (0.75) | 9,565.537 | 22.41 | 214,364 | |||
Qualified XII (0.80) | 27,612.347 | 22.32 | 616,308 | |||
Qualified XII (0.85) | 80,955.216 | 22.24 | 1,800,444 | |||
Qualified XII (0.90) | 29,321.727 | 22.16 | 649,769 | |||
Qualified XII (0.95) | 144,946.813 | 22.08 | 3,200,426 | |||
Qualified XII (1.00) | 687,600.338 | 22.00 | 15,127,207 | |||
Qualified XII (1.05) | 37,091.684 | 21.91 | 812,679 | |||
Qualified XII (1.10) | 21,883.855 | 21.83 | 477,725 | |||
Qualified XII (1.15) | 41,653.779 | 21.75 | 905,970 | |||
Qualified XII (1.20) | 7,023.212 | 21.67 | 152,193 | |||
Qualified XII (1.25) | 32,742.133 | 21.59 | 706,903 | |||
Qualified XII (1.30) | 5,589.817 | 21.51 | 120,237 | |||
Qualified XII (1.35) | 72.713 | 21.43 | 1,558 | |||
Qualified XII (1.40) | 2,976.505 | 21.35 | 63,548 | |||
Qualified XII (1.45) | 945.099 | 21.28 | 20,112 | |||
Qualified XII (1.50) | 45.304 | 21.20 | 960 | |||
Qualified XVI | 16,789.324 | 21.20 | 355,934 | |||
Qualified XVII | 1,713.233 | 21.59 | 36,989 | |||
Qualified XXVII | 2,126,628.006 | 21.79 | 46,339,224 | |||
Qualified LIV | 38,605.633 | 12.72 | 491,064 | |||
4,354,286.978 | $ 94,561,821 |
212
VARIABLE ANNUITY ACCOUNT C OF | ||||||
ING LIFE INSURANCE AND ANNUITY COMPANY | ||||||
Notes to Financial Statements | ||||||
Division/Contract | Units | Unit Value | Extended Value | |||
Fidelity® VIP Equity-Income Portfolio - Initial Class | ||||||
Currently payable annuity contracts: | 355,217.425 | $13.36 to $14.75 | $ 5,219,106 | |||
Contracts in accumulation period: | ||||||
ING Custom Choice 62 | 1,340.677 | 14.05 | 18,837 | |||
ING MAP PLUS NP1 | 12,574.476 | 14.00 | 176,043 | |||
ING MAP PLUS NP8 | 12,668.878 | 13.81 | 174,957 | |||
ING MAP PLUS NP11 | 135.433 | 13.73 | 1,859 | |||
ING MAP PLUS NP12 | 28,773.064 | 13.70 | 394,191 | |||
ING MAP PLUS NP14 | 1,235.239 | 13.65 | 16,861 | |||
ING MAP PLUS NP15 | 179.111 | 13.62 | 2,439 | |||
ING MAP PLUS NP17 | 5,737.291 | 13.57 | 77,855 | |||
ING MAP PLUS NP18 | 3,616.466 | 13.54 | 48,967 | |||
ING MAP PLUS NP19 | 9,499.358 | 13.51 | 128,336 | |||
ING MAP PLUS NP21 | 15.517 | 13.46 | 209 | |||
ING MAP PLUS NP22 | 1,388.213 | 13.44 | 18,658 | |||
ING MAP PLUS NP23 | 31.563 | 13.41 | 423 | |||
ING MAP PLUS NP24 | 135.766 | 13.38 | 1,817 | |||
ING MAP PLUS NP25 | 373.517 | 13.36 | 4,990 | |||
ING MAP PLUS NP26 | 3,403.580 | 13.33 | 45,370 | |||
ING MAP PLUS NP28 | 2,629.873 | 13.28 | 34,925 | |||
ING MAP PLUS NP29 | 437.189 | 13.25 | 5,793 | |||
ING MAP PLUS NP30 | 1,403.068 | 13.23 | 18,563 | |||
ING MAP PLUS NP32 | 18.683 | 13.18 | 246 | |||
ING MAP PLUS NP36 | 3,345.730 | 13.07 | 43,729 | |||
Qualified V | 1,899.726 | 26.05 | 49,488 | |||
Qualified VI | 4,395,497.227 | 26.66 | 117,183,956 | |||
Qualified VIII | 5,953.971 | 26.55 | 158,078 | |||
Qualified X (1.15) | 304,488.843 | 33.82 | 10,297,813 | |||
Qualified X (1.25) | 445,258.432 | 33.36 | 14,853,821 | |||
Qualified XII (0.00) | 31.990 | 17.08 | 546 | |||
Qualified XII (0.05) | 123,933.770 | 28.93 | 3,585,404 | |||
Qualified XII (0.20) | 66,137.734 | 16.76 | 1,108,468 | |||
Qualified XII (0.25) | 12,642.655 | 16.68 | 210,879 | |||
Qualified XII (0.30) | 137,220.355 | 16.60 | 2,277,858 | |||
Qualified XII (0.35) | 19,790.710 | 16.52 | 326,943 | |||
Qualified XII (0.40) | 118,401.171 | 25.04 | 2,964,765 | |||
Qualified XII (0.45) | 47.229 | 16.36 | 773 | |||
Qualified XII (0.50) | 11,883.786 | 15.05 | 178,851 | |||
Qualified XII (0.50) | 1,241,963.198 | 16.93 | 21,026,437 | |||
Qualified XII (0.55) | 220,782.201 | 16.20 | 3,576,672 | |||
Qualified XII (0.60) | 172,171.943 | 16.12 | 2,775,412 | |||
Qualified XII (0.65) | 72,934.523 | 16.05 | 1,170,599 | |||
Qualified XII (0.70) | 434,591.782 | 15.97 | 6,940,431 | |||
Qualified XII (0.75) | 360,973.242 | 15.89 | 5,735,865 | |||
Qualified XII (0.80) | 1,142,357.866 | 17.25 | 19,705,673 | |||
Qualified XII (0.85) | 485,692.630 | 24.09 | 11,700,335 | |||
Qualified XII (0.90) | 52,642.946 | 16.82 | 885,454 |
213
VARIABLE ANNUITY ACCOUNT C OF | ||||||
ING LIFE INSURANCE AND ANNUITY COMPANY | ||||||
Notes to Financial Statements | ||||||
Division/Contract | Units | Unit Value | Extended Value | |||
Fidelity® VIP Equity-Income Portfolio - Initial Class | ||||||
(continued) | ||||||
Qualified XII (0.95) | 1,062,228.378 | $ 23.82 | $ 25,302,280 | |||
Qualified XII (1.00) | 1,406,149.514 | 23.68 | 33,297,620 | |||
Qualified XII (1.05) | 262,428.561 | 23.54 | 6,177,568 | |||
Qualified XII (1.10) | 128,484.909 | 23.40 | 3,006,547 | |||
Qualified XII (1.15) | 149,387.296 | 23.27 | 3,476,242 | |||
Qualified XII (1.20) | 56,507.252 | 23.13 | 1,307,013 | |||
Qualified XII (1.25) | 158,307.090 | 23.00 | 3,641,063 | |||
Qualified XII (1.30) | 9,591.462 | 22.86 | 219,261 | |||
Qualified XII (1.35) | 3,127.985 | 22.73 | 71,099 | |||
Qualified XII (1.40) | 20,313.028 | 22.60 | 459,074 | |||
Qualified XII (1.45) | 7,986.769 | 22.47 | 179,463 | |||
Qualified XII (1.50) | 2,235.575 | 22.34 | 49,943 | |||
Qualified XV | 34,216.787 | 27.56 | 943,015 | |||
Qualified XVI | 139,983.788 | 25.96 | 3,633,979 | |||
Qualified XVII | 8,432.261 | 26.66 | 224,804 | |||
Qualified XVIII | 24,068.641 | 33.36 | 802,930 | |||
Qualified XXI | 47,874.761 | 27.92 | 1,336,663 | |||
Qualified XXV | 23,376.515 | 27.64 | 646,127 | |||
Qualified XXVI | 24,039.026 | 27.34 | 657,227 | |||
Qualified XXVII | 2,278,217.214 | 28.43 | 64,769,715 | |||
Qualified XXVIII | 1,370,765.022 | 28.18 | 38,628,158 | |||
Qualified XXXII | 26,555.954 | 14.39 | 382,140 | |||
Qualified XXXVI | 36,707.752 | 14.92 | 547,680 | |||
Qualified LIII | 67,804.053 | 13.45 | 911,965 | |||
Qualified LIV | 74,296.342 | 13.41 | 996,314 | |||
Qualified LV | 89,718.351 | 13.48 | 1,209,403 | |||
Qualified LVI | 37,196.836 | 13.49 | 501,785 | |||
17,821,459.169 | $ 426,527,773 |
214
VARIABLE ANNUITY ACCOUNT C OF | ||||||
ING LIFE INSURANCE AND ANNUITY COMPANY | ||||||
Notes to Financial Statements | ||||||
Division/Contract | Units | Unit Value | Extended Value | |||
Fidelity® VIP Growth Portfolio - Initial Class | ||||||
Currently payable annuity contracts: | 28,655.894 | $ 14.66 | $ 420,095 | |||
Contracts in accumulation period: | ||||||
ING Custom Choice 62 | 4,374.254 | 14.78 | 64,651 | |||
ING MAP PLUS NP1 | 7,673.273 | 14.05 | 107,809 | |||
ING MAP PLUS NP8 | 213.938 | 13.86 | 2,965 | |||
ING MAP PLUS NP17 | 1,705.063 | 13.62 | 23,223 | |||
ING MAP PLUS NP21 | 4,828.705 | 13.51 | 65,236 | |||
ING MAP PLUS NP25 | 421.275 | 13.41 | 5,649 | |||
ING MAP PLUS NP26 | 453.922 | 13.38 | 6,073 | |||
ING MAP PLUS NP30 | 1.425 | 13.28 | 19 | |||
Qualified V | 942.120 | 23.58 | 22,215 | |||
Qualified VI | 5,530,477.885 | 23.76 | 131,404,155 | |||
Qualified VIII | 6,650.318 | 24.03 | 159,807 | |||
Qualified X (1.15) | 325,930.953 | 33.50 | 10,918,687 | |||
Qualified X (1.25) | 446,282.623 | 33.04 | 14,745,178 | |||
Qualified XII (0.05) | 28,387.733 | 25.78 | 731,836 | |||
Qualified XII (0.20) | 72,698.817 | 16.62 | 1,208,254 | |||
Qualified XII (0.25) | 8,302.545 | 16.54 | 137,324 | |||
Qualified XII (0.30) | 166,932.261 | 16.46 | 2,747,705 | |||
Qualified XII (0.35) | 38,849.731 | 16.38 | 636,359 | |||
Qualified XII (0.40) | 31,461.084 | 23.47 | 738,392 | |||
Qualified XII (0.45) | 277.635 | 16.23 | 4,506 | |||
Qualified XII (0.50) | 30,699.162 | 13.57 | 416,588 | |||
Qualified XII (0.50) | 245,182.199 | 16.96 | 4,158,290 | |||
Qualified XII (0.55) | 306,985.549 | 16.07 | 4,933,258 | |||
Qualified XII (0.60) | 277,104.771 | 15.99 | 4,430,905 | |||
Qualified XII (0.65) | 293,363.080 | 15.92 | 4,670,340 | |||
Qualified XII (0.70) | 526,777.210 | 15.84 | 8,344,151 | |||
Qualified XII (0.75) | 396,387.845 | 15.76 | 6,247,072 | |||
Qualified XII (0.80) | 743,009.166 | 17.19 | 12,772,328 | |||
Qualified XII (0.85) | 789,959.554 | 22.58 | 17,837,287 | |||
Qualified XII (0.90) | 65,733.551 | 16.61 | 1,091,834 | |||
Qualified XII (0.95) | 1,024,423.038 | 22.32 | 22,865,122 | |||
Qualified XII (1.00) | 1,901,930.200 | 22.19 | 42,203,831 | |||
Qualified XII (1.05) | 302,332.742 | 22.06 | 6,669,460 | |||
Qualified XII (1.10) | 207,267.197 | 21.93 | 4,545,370 | |||
Qualified XII (1.15) | 140,267.417 | 21.80 | 3,057,830 | |||
Qualified XII (1.20) | 73,332.780 | 21.68 | 1,589,855 | |||
Qualified XII (1.25) | 126,275.262 | 21.55 | 2,721,232 | |||
Qualified XII (1.30) | 14,703.733 | 21.42 | 314,954 | |||
Qualified XII (1.35) | 9,567.581 | 21.30 | 203,789 | |||
Qualified XII (1.40) | 28,223.474 | 21.18 | 597,773 | |||
Qualified XII (1.45) | 6,671.118 | 21.05 | 140,427 | |||
Qualified XII (1.50) | 4,854.939 | 20.93 | 101,614 | |||
Qualified XV | 37,992.019 | 24.56 | 933,084 |
215
VARIABLE ANNUITY ACCOUNT C OF | ||||||
ING LIFE INSURANCE AND ANNUITY COMPANY | ||||||
Notes to Financial Statements | ||||||
Division/Contract | Units | Unit Value | Extended Value | |||
Fidelity® VIP Growth Portfolio - Initial Class (continued) | ||||||
Qualified XVI | 170,439.270 | $ 23.13 | $ 3,942,260 | |||
Qualified XVII | 4,217.038 | 23.76 | 100,197 | |||
Qualified XVIII | 28,546.183 | 33.04 | 943,166 | |||
Qualified XXI | 73,759.295 | 24.88 | 1,835,131 | |||
Qualified XXV | 50,817.544 | 24.64 | 1,252,144 | |||
Qualified XXVI | 39,405.341 | 24.37 | 960,308 | |||
Qualified XXXII | 26,192.882 | 14.58 | 381,892 | |||
Qualified XXXIII (0.65) | 3,248.806 | 13.36 | 43,404 | |||
Qualified XXXVI | 46,142.846 | 13.45 | 620,621 | |||
Qualified LIII | 79,536.566 | 15.24 | 1,212,137 | |||
Qualified LIV | 66,322.323 | 15.20 | 1,008,099 | |||
Qualified LV | 119,238.448 | 15.28 | 1,821,963 | |||
Qualified LVI | 39,028.289 | 15.28 | 596,352 | |||
15,005,459.872 | $ 329,714,206 | |||||
Fidelity® VIP High Income Portfolio - Initial Class | ||||||
Currently payable annuity contracts: | 7,071.361 | $10.72 to $11.25 | $ 79,498 | |||
Contracts in accumulation period: | ||||||
Qualified XXVII | 548,815.727 | 10.30 | 5,652,802 | |||
Qualified XXVIII | 178,830.967 | 10.20 | 1,824,076 | |||
734,718.055 | $ 7,556,376 |
216
VARIABLE ANNUITY ACCOUNT C OF | ||||||
ING LIFE INSURANCE AND ANNUITY COMPANY | ||||||
Notes to Financial Statements | ||||||
Division/Contract | Units | Unit Value | Extended Value | |||
Fidelity® VIP Overseas Portfolio - Initial Class | ||||||
Contracts in accumulation period: | ||||||
Qualified V | 602.235 | $ 23.31 | $ 14,038 | |||
Qualified VI | 959,982.499 | 23.78 | 22,828,384 | |||
Qualified VIII | 794.269 | 23.76 | 18,872 | |||
Qualified X (1.15) | 76,115.569 | 24.83 | 1,889,950 | |||
Qualified X (1.25) | 115,366.047 | 24.50 | 2,826,468 | |||
Qualified XII (0.05) | 43,234.426 | 25.80 | 1,115,448 | |||
Qualified XII (0.20) | 28,481.687 | 18.10 | 515,519 | |||
Qualified XII (0.25) | 3,636.604 | 18.01 | 65,495 | |||
Qualified XII (0.30) | 9,222.966 | 17.92 | 165,276 | |||
Qualified XII (0.35) | 9,399.647 | 17.84 | 167,690 | |||
Qualified XII (0.40) | 4,117.660 | 24.75 | 101,912 | |||
Qualified XII (0.45) | 15.853 | 17.67 | 280 | |||
Qualified XII (0.50) | 2,112.088 | 20.08 | 42,411 | |||
Qualified XII (0.50) | 45,025.206 | 18.96 | 853,678 | |||
Qualified XII (0.55) | 40,119.622 | 17.50 | 702,093 | |||
Qualified XII (0.60) | 23,872.962 | 17.41 | 415,628 | |||
Qualified XII (0.65) | 24,927.986 | 17.33 | 432,002 | |||
Qualified XII (0.70) | 54,406.123 | 17.25 | 938,506 | |||
Qualified XII (0.75) | 73,787.017 | 17.17 | 1,266,923 | |||
Qualified XII (0.80) | 203,130.813 | 19.09 | 3,877,767 | |||
Qualified XII (0.85) | 118,882.277 | 23.81 | 2,830,587 | |||
Qualified XII (0.90) | 11,860.219 | 18.94 | 224,633 | |||
Qualified XII (0.95) | 188,633.845 | 23.53 | 4,438,554 | |||
Qualified XII (1.00) | 162,783.597 | 23.40 | 3,809,136 | |||
Qualified XII (1.05) | 20,549.991 | 23.26 | 477,993 | |||
Qualified XII (1.10) | 28,094.220 | 23.13 | 649,819 | |||
Qualified XII (1.15) | 22,320.469 | 22.99 | 513,148 | |||
Qualified XII (1.20) | 10,930.076 | 22.86 | 249,862 | |||
Qualified XII (1.25) | 22,909.610 | 22.73 | 520,735 | |||
Qualified XII (1.30) | 6,676.169 | 22.60 | 150,881 | |||
Qualified XII (1.35) | 753.500 | 22.46 | 16,924 | |||
Qualified XII (1.40) | 5,307.999 | 22.33 | 118,528 | |||
Qualified XII (1.45) | 161.573 | 22.20 | 3,587 | |||
Qualified XII (1.50) | 1,132.596 | 22.08 | 25,008 | |||
Qualified XV | 9,280.907 | 24.58 | 228,125 | |||
Qualified XVI | 35,613.413 | 23.15 | 824,451 | |||
Qualified XVII | 2,051.682 | 23.78 | 48,789 | |||
Qualified XVIII | 5,886.250 | 24.50 | 144,213 | |||
Qualified XXI | 9,672.547 | 24.90 | 240,846 | |||
Qualified XXV | 5,785.388 | 24.66 | 142,668 | |||
Qualified XXVI | 4,507.198 | 24.39 | 109,931 | |||
Qualified XXVII | 428,819.887 | 13.33 | 5,716,169 | |||
Qualified XXXII | 3,014.196 | 18.76 | 56,546 | |||
Qualified XXXVI | 5,700.082 | 19.90 | 113,432 |
217
VARIABLE ANNUITY ACCOUNT C OF | ||||||
ING LIFE INSURANCE AND ANNUITY COMPANY | ||||||
Notes to Financial Statements | ||||||
Division/Contract | Units | Unit Value | Extended Value | |||
Fidelity® VIP Overseas Portfolio - Initial Class (continued) | ||||||
Qualified LIII | 20,291.139 | $ 17.09 | $ 346,776 | |||
Qualified LIV | 10,211.803 | 17.04 | 174,009 | |||
Qualified LV | 9,632.417 | 17.13 | 165,003 | |||
Qualified LVI | 6,985.432 | 17.14 | 119,730 | |||
2,876,799.761 | $ 60,698,423 | |||||
Fidelity® VIP Contrafund® Portfolio - Initial Class | ||||||
Currently payable annuity contracts: | 612,946.327 | $ 17.43 | $ 10,683,654 | |||
Contracts in accumulation period: | ||||||
ING Custom Choice 62 | 27,535.884 | 16.91 | 465,632 | |||
ING MAP PLUS NP1 | 158,218.986 | 17.40 | 2,753,010 | |||
ING MAP PLUS NP6 | 31,867.944 | 17.23 | 549,085 | |||
ING MAP PLUS NP7 | 14.433 | 17.19 | 248 | |||
ING MAP PLUS NP8 | 110,135.659 | 17.16 | 1,889,928 | |||
ING MAP PLUS NP9 | 6,797.737 | 17.13 | 116,445 | |||
ING MAP PLUS NP10 | 37,755.457 | 17.09 | 645,241 | |||
ING MAP PLUS NP11 | 40,579.105 | 17.06 | 692,280 | |||
ING MAP PLUS NP12 | 44,585.432 | 17.03 | 759,290 | |||
ING MAP PLUS NP13 | 15,863.140 | 16.99 | 269,515 | |||
ING MAP PLUS NP14 | 51,561.870 | 16.96 | 874,489 | |||
ING MAP PLUS NP15 | 27,835.454 | 16.93 | 471,254 | |||
ING MAP PLUS NP16 | 43,925.780 | 16.89 | 741,906 | |||
ING MAP PLUS NP17 | 60,747.386 | 16.86 | 1,024,201 | |||
ING MAP PLUS NP18 | 13,706.317 | 16.83 | 230,677 | |||
ING MAP PLUS NP19 | 32,633.902 | 16.80 | 548,250 | |||
ING MAP PLUS NP20 | 46,827.831 | 16.76 | 784,834 | |||
ING MAP PLUS NP21 | 35,530.558 | 16.73 | 594,426 | |||
ING MAP PLUS NP22 | 12,229.371 | 16.70 | 204,230 | |||
ING MAP PLUS NP23 | 13,427.682 | 16.67 | 223,839 | |||
ING MAP PLUS NP24 | 18,511.467 | 16.63 | 307,846 | |||
ING MAP PLUS NP25 | 6,634.920 | 16.60 | 110,140 | |||
ING MAP PLUS NP26 | 15,362.164 | 16.57 | 254,551 | |||
ING MAP PLUS NP27 | 496.938 | 16.54 | 8,219 | |||
ING MAP PLUS NP28 | 30,195.065 | 16.50 | 498,219 | |||
ING MAP PLUS NP29 | 6,053.370 | 16.47 | 99,699 | |||
ING MAP PLUS NP30 | 9,677.224 | 16.44 | 159,094 | |||
ING MAP PLUS NP32 | 731.872 | 16.37 | 11,981 | |||
ING MAP PLUS NP36 | 5,802.583 | 16.25 | 94,292 | |||
Qualified V | 1,724.039 | 36.36 | 62,686 | |||
Qualified VI | 9,575,560.347 | 36.84 | 352,763,643 | |||
Qualified VIII | 6,510.744 | 37.06 | 241,288 | |||
Qualified X (1.15) | 342,474.255 | 41.92 | 14,356,521 | |||
Qualified X (1.25) | 958,444.597 | 33.19 | 31,810,776 | |||
Qualified XII (0.00) | 1,150.905 | 24.20 | 27,852 | |||
Qualified XII (0.00) | 1,004,890.502 | 14.19 | 14,259,396 | |||
Qualified XII (0.05) | 241,468.004 | 39.98 | 9,653,891 | |||
Qualified XII (0.05) | 129,222.010 | 39.98 | 5,166,296 |
218
VARIABLE ANNUITY ACCOUNT C OF | ||||||
ING LIFE INSURANCE AND ANNUITY COMPANY | ||||||
Notes to Financial Statements | ||||||
Division/Contract | Units | Unit Value | Extended Value | |||
Fidelity® VIP Contrafund® Portfolio - Initial Class | ||||||
(continued) | ||||||
Qualified XII (0.20) | 174,739.623 | $ 23.74 | $ 4,148,319 | |||
Qualified XII (0.25) | 106,325.584 | 23.63 | 2,512,474 | |||
Qualified XII (0.30) | 351,409.743 | 23.51 | 8,261,643 | |||
Qualified XII (0.35) | 58,604.504 | 23.40 | 1,371,345 | |||
Qualified XII (0.40) | 86,086.711 | 36.14 | 3,111,174 | |||
Qualified XII (0.45) | 1,481.818 | 23.18 | 34,349 | |||
Qualified XII (0.50) | 1,753,796.206 | 24.10 | 42,266,489 | |||
Qualified XII (0.50) | 32,815.820 | 20.14 | 660,911 | |||
Qualified XII (0.55) | 450,147.180 | 22.96 | 10,335,379 | |||
Qualified XII (0.60) | 217,168.623 | 22.85 | 4,962,303 | |||
Qualified XII (0.65) | 157,881.232 | 22.74 | 3,590,219 | |||
Qualified XII (0.70) | 941,729.392 | 22.63 | 21,311,336 | |||
Qualified XII (0.75) | 826,574.440 | 22.52 | 18,614,456 | |||
Qualified XII (0.80) | 2,132,074.987 | 24.64 | 52,534,328 | |||
Qualified XII (0.85) | 847,161.860 | 34.77 | 29,455,818 | |||
Qualified XII (0.90) | 209,352.756 | 23.85 | 4,993,063 | |||
Qualified XII (0.95) | 4,751,978.215 | 34.37 | 163,325,491 | |||
Qualified XII (1.00) | 3,808,006.684 | 34.17 | 130,119,588 | |||
Qualified XII (1.05) | 341,656.022 | 33.97 | 11,606,055 | |||
Qualified XII (1.10) | 238,539.560 | 33.78 | 8,057,866 | |||
Qualified XII (1.15) | 472,873.036 | 33.58 | 15,879,077 | |||
Qualified XII (1.20) | 63,422.025 | 33.39 | 2,117,661 | |||
Qualified XII (1.25) | 304,740.604 | 33.19 | 10,114,341 | |||
Qualified XII (1.30) | 8,707.617 | 33.00 | 287,351 | |||
Qualified XII (1.35) | 5,306.826 | 32.81 | 174,117 | |||
Qualified XII (1.40) | 41,702.381 | 32.62 | 1,360,332 | |||
Qualified XII (1.45) | 9,965.239 | 32.43 | 323,173 | |||
Qualified XII (1.50) | 5,943.726 | 32.24 | 191,626 | |||
Qualified XV | 53,961.464 | 38.08 | 2,054,853 | |||
Qualified XVI | 221,445.555 | 35.87 | 7,943,252 | |||
Qualified XVII | 30,851.274 | 36.84 | 1,136,561 | |||
Qualified XVIII | 36,563.750 | 41.39 | 1,513,374 | |||
Qualified XXI | 145,423.192 | 38.58 | 5,610,427 | |||
Qualified XXV | 57,656.152 | 38.20 | 2,202,465 | |||
Qualified XXVI | 26,008.444 | 37.79 | 982,859 | |||
Qualified XXVII | 4,815,026.684 | 42.45 | 204,397,883 | |||
Qualified XXVIII | 1,479,266.122 | 42.06 | 62,217,933 | |||
Qualified XXXII | 35,909.354 | 17.47 | 627,336 | |||
Qualified XXXIII (0.65) | 84,796.629 | 19.84 | 1,682,365 | |||
Qualified XXXVI | 65,377.940 | 19.96 | 1,304,944 | |||
Qualified LIII | 191,666.361 | 15.55 | 2,980,412 | |||
Qualified LIV | 372,912.470 | 15.50 | 5,780,143 | |||
Qualified LV | 241,563.445 | 15.58 | 3,763,558 | |||
Qualified LVI | 78,839.657 | 15.59 | 1,229,110 | |||
40,117,098.168 | $ 1,311,556,583 |
219
VARIABLE ANNUITY ACCOUNT C OF | ||||||
ING LIFE INSURANCE AND ANNUITY COMPANY | ||||||
Notes to Financial Statements | ||||||
Division/Contract | Units | Unit Value | Extended Value | |||
Fidelity® VIP Index 500 Portfolio - Initial Class | ||||||
Contracts in accumulation period: | ||||||
Qualified XXVII | 3,989,637.414 | $ 29.21 | $ 116,537,309 | |||
Qualified XXVIII | 351,106.060 | 28.94 | 10,161,009 | |||
4,340,743.474 | $ 126,698,318 | |||||
Fidelity® VIP Mid Cap Portfolio - Initial Class | ||||||
Contracts in accumulation period: | ||||||
Qualified XII (0.00) | 705,726.142 | $ 14.13 | $ 9,971,910 | |||
705,726.142 | $ 9,971,910 | |||||
Fidelity® VIP Asset ManagerSM Portfolio - Initial Class | ||||||
Contracts in accumulation period: | ||||||
Qualified XXVII | 766,297.175 | $ 22.81 | $ 17,479,239 | |||
Qualified XXVIII | 123,062.613 | 22.60 | 2,781,215 | |||
889,359.788 | $ 20,260,454 | |||||
Mutual Discovery Fund - Class R | ||||||
Contracts in accumulation period: | ||||||
ING MAP PLUS NP8 | 17,077.259 | $ 18.00 | $ 307,391 | |||
ING MAP PLUS NP9 | 13,999.418 | 17.96 | 251,430 | |||
ING MAP PLUS NP11 | 5,859.813 | 17.89 | 104,832 | |||
ING MAP PLUS NP12 | 17,311.055 | 17.85 | 309,002 | |||
ING MAP PLUS NP13 | 11,924.788 | 17.82 | 212,500 | |||
ING MAP PLUS NP14 | 2,004.152 | 17.79 | 35,654 | |||
ING MAP PLUS NP15 | 75.226 | 17.75 | 1,335 | |||
ING MAP PLUS NP17 | 6,902.277 | 17.68 | 122,032 | |||
ING MAP PLUS NP18 | 19,681.190 | 17.65 | 347,373 | |||
ING MAP PLUS NP19 | 14,181.490 | 17.61 | 249,736 | |||
ING MAP PLUS NP20 | 18,620.394 | 17.58 | 327,347 | |||
ING MAP PLUS NP21 | 2,928.235 | 17.54 | 51,361 | |||
ING MAP PLUS NP23 | 828.114 | 17.48 | 14,475 | |||
ING MAP PLUS NP24 | 3,371.608 | 17.44 | 58,801 | |||
ING MAP PLUS NP25 | 530.350 | 17.41 | 9,233 | |||
ING MAP PLUS NP26 | 415.583 | 17.37 | 7,219 | |||
ING MAP PLUS NP27 | 140.076 | 17.34 | 2,429 | |||
ING MAP PLUS NP28 | 1,356.898 | 17.31 | 23,488 | |||
ING MAP PLUS NP29 | 408.035 | 17.27 | 7,047 | |||
ING MAP PLUS NP30 | 87.512 | 17.24 | 1,509 | |||
ING MAP PLUS NP32 | 43.684 | 17.17 | 750 | |||
137,747.157 | $ 2,444,944 |
220
VARIABLE ANNUITY ACCOUNT C OF | ||||||
ING LIFE INSURANCE AND ANNUITY COMPANY | ||||||
Notes to Financial Statements | ||||||
Division/Contract | Units | Unit Value | Extended Value | |||
Franklin Small-Mid Cap Growth Fund - Class A | ||||||
Contracts in accumulation period: | ||||||
ING MAP PLUS NP10 | 701.006 | $ 14.24 | $ 9,982 | |||
ING MAP PLUS NP11 | 11,456.794 | 14.21 | 162,801 | |||
ING MAP PLUS NP12 | 424.383 | 14.18 | 6,018 | |||
ING MAP PLUS NP14 | 464.599 | 14.13 | 6,565 | |||
ING MAP PLUS NP15 | 2,458.332 | 14.10 | 34,662 | |||
ING MAP PLUS NP17 | 4,672.241 | 14.04 | 65,598 | |||
ING MAP PLUS NP18 | 3,383.820 | 14.02 | 47,441 | |||
ING MAP PLUS NP19 | 16,419.407 | 13.99 | 229,708 | |||
ING MAP PLUS NP22 | 2,286.259 | 13.91 | 31,802 | |||
ING MAP PLUS NP24 | 796.048 | 13.85 | 11,025 | |||
ING MAP PLUS NP25 | 346.032 | 13.83 | 4,786 | |||
ING MAP PLUS NP26 | 2,390.289 | 13.80 | 32,986 | |||
ING MAP PLUS NP28 | 8,938.228 | 13.74 | 122,811 | |||
ING MAP PLUS NP29 | 19.019 | 13.72 | 261 | |||
ING MAP PLUS NP32 | 70.818 | 13.64 | 966 | |||
54,827.275 | $ 767,412 | |||||
Franklin Small Cap Value Securities Fund - Class 2 | ||||||
Currently payable annuity contracts: | 77,076.957 | $ 15.48 | $ 1,193,151 | |||
Contracts in accumulation period: | ||||||
ING Custom Choice 62 | 730.155 | 14.81 | 10,814 | |||
ING MAP PLUS NP6 | 39.984 | 15.01 | 600 | |||
ING MAP PLUS NP8 | 26,709.803 | 14.95 | 399,312 | |||
ING MAP PLUS NP9 | 951.092 | 14.92 | 14,190 | |||
ING MAP PLUS NP10 | 35.356 | 14.89 | 526 | |||
ING MAP PLUS NP11 | 14,341.343 | 14.86 | 213,112 | |||
ING MAP PLUS NP12 | 7,625.204 | 14.83 | 113,082 | |||
ING MAP PLUS NP14 | 9,347.611 | 14.77 | 138,064 | |||
ING MAP PLUS NP15 | 1,496.816 | 14.75 | 22,078 | |||
ING MAP PLUS NP16 | 2,543.506 | 14.72 | 37,440 | |||
ING MAP PLUS NP17 | 5,352.004 | 14.69 | 78,621 | |||
ING MAP PLUS NP18 | 2,376.177 | 14.66 | 34,835 | |||
ING MAP PLUS NP20 | 22,331.338 | 14.60 | 326,038 | |||
ING MAP PLUS NP21 | 1,536.202 | 14.57 | 22,382 | |||
ING MAP PLUS NP23 | 639.710 | 14.52 | 9,289 | |||
ING MAP PLUS NP24 | 4,381.588 | 14.49 | 63,489 | |||
ING MAP PLUS NP26 | 266.496 | 14.43 | 3,846 | |||
ING MAP PLUS NP28 | 809.072 | 14.38 | 11,634 | |||
ING MAP PLUS NP30 | 1,851.693 | 14.32 | 26,516 | |||
ING MAP PLUS NP32 | 173.836 | 14.26 | 2,479 | |||
ING MAP PLUS NP36 | 297.009 | 14.15 | 4,203 | |||
Qualified V | 272.060 | 17.42 | 4,739 | |||
Qualified VI | 1,184,181.772 | 17.60 | 20,841,599 | |||
Qualified X (1.15) | 60,348.277 | 17.71 | 1,068,768 | |||
Qualified X (1.25) | 158,587.988 | 17.60 | 2,791,149 |
221
VARIABLE ANNUITY ACCOUNT C OF | ||||||
ING LIFE INSURANCE AND ANNUITY COMPANY | ||||||
Notes to Financial Statements | ||||||
Division/Contract | Units | Unit Value | Extended Value | |||
Franklin Small Cap Value Securities Fund - Class 2 | ||||||
(continued) | ||||||
Qualified XII (0.00) | 184.676 | $ 19.07 | $ 3,522 | |||
Qualified XII (0.05) | 4,302.795 | 18.77 | 80,763 | |||
Qualified XII (0.20) | 37.410 | 18.83 | 704 | |||
Qualified XII (0.25) | 19,396.660 | 18.77 | 364,075 | |||
Qualified XII (0.30) | 90,405.578 | 18.71 | 1,691,488 | |||
Qualified XII (0.35) | 1,371.866 | 18.65 | 25,585 | |||
Qualified XII (0.40) | 14,163.784 | 18.59 | 263,305 | |||
Qualified XII (0.50) | 1,208.019 | 18.67 | 22,554 | |||
Qualified XII (0.50) | 637,501.326 | 18.47 | 11,774,649 | |||
Qualified XII (0.55) | 53,116.231 | 18.41 | 977,870 | |||
Qualified XII (0.60) | 71,611.032 | 18.35 | 1,314,062 | |||
Qualified XII (0.65) | 137,475.134 | 18.29 | 2,514,420 | |||
Qualified XII (0.70) | 73,488.284 | 18.23 | 1,339,691 | |||
Qualified XII (0.75) | 33,242.875 | 18.17 | 604,023 | |||
Qualified XII (0.80) | 39,095.376 | 18.12 | 708,408 | |||
Qualified XII (0.85) | 174,002.811 | 18.06 | 3,142,491 | |||
Qualified XII (0.90) | 15,469.257 | 18.00 | 278,447 | |||
Qualified XII (0.95) | 167,235.671 | 17.94 | 3,000,208 | |||
Qualified XII (1.00) | 746,693.667 | 17.88 | 13,350,883 | |||
Qualified XII (1.05) | 48,376.595 | 17.83 | 862,555 | |||
Qualified XII (1.10) | 19,117.068 | 17.77 | 339,710 | |||
Qualified XII (1.15) | 51,719.840 | 17.71 | 915,958 | |||
Qualified XII (1.20) | 10,933.739 | 17.65 | 192,980 | |||
Qualified XII (1.25) | 53,895.323 | 17.60 | 948,558 | |||
Qualified XII (1.30) | 2,215.966 | 17.54 | 38,868 | |||
Qualified XII (1.35) | 710.367 | 17.48 | 12,417 | |||
Qualified XII (1.40) | 5,719.753 | 17.43 | 99,695 | |||
Qualified XII (1.45) | 1,157.929 | 17.37 | 20,113 | |||
Qualified XII (1.50) | 704.919 | 17.32 | 12,209 | |||
Qualified XV | 4,722.069 | 17.94 | 84,714 | |||
Qualified XVI | 28,684.098 | 17.32 | 496,809 | |||
Qualified XVII | 3,472.672 | 17.60 | 61,119 | |||
Qualified XVIII | 5,771.428 | 17.60 | 101,577 | |||
Qualified XXI | 32,581.353 | 18.12 | 590,374 | |||
Qualified XXV | 17,972.718 | 18.17 | 326,564 | |||
Qualified XXVI | 9,565.201 | 18.00 | 172,174 | |||
Qualified XXVII | 354,211.431 | 19.69 | 6,974,423 | |||
Qualified XXVIII | 540,591.570 | 16.83 | 9,098,156 | |||
Qualified XXXII | 2,684.929 | 15.14 | 40,650 | |||
Qualified XXXIII (0.65) | 34,672.079 | 18.38 | 637,273 | |||
Qualified LIII | 21,850.883 | 12.80 | 279,691 | |||
Qualified LIV | 22,635.872 | 12.76 | 288,834 | |||
Qualified LV | 11,847.074 | 12.82 | 151,879 | |||
5,150,120.377 | $ 91,636,404 |
222
VARIABLE ANNUITY ACCOUNT C OF | ||||||
ING LIFE INSURANCE AND ANNUITY COMPANY | ||||||
Notes to Financial Statements | ||||||
Division/Contract | Units | Unit Value | Extended Value | |||
ING Financial Services Fund - Class A | ||||||
Contracts in accumulation period: | ||||||
ING MAP PLUS NP9 | 4,211.902 | $ 11.78 | $ 49,616 | |||
ING MAP PLUS NP13 | 195.460 | 11.69 | 2,285 | |||
ING MAP PLUS NP14 | 1,435.525 | 11.66 | 16,738 | |||
ING MAP PLUS NP17 | 903.679 | 11.60 | 10,483 | |||
ING MAP PLUS NP22 | 3,187.502 | 11.48 | 36,593 | |||
ING MAP PLUS NP24 | 350.189 | 11.44 | 4,006 | |||
ING MAP PLUS NP28 | 571.530 | 11.35 | 6,487 | |||
ING MAP PLUS NP30 | 120.027 | 11.31 | 1,358 | |||
ING MAP PLUS NP36 | 771.651 | 11.17 | 8,619 | |||
11,747.465 | $ 136,185 | |||||
ING Real Estate Fund - Class A | ||||||
Contracts in accumulation period: | ||||||
ING MAP PLUS NP1 | 9,522.622 | $ 16.33 | $ 155,504 | |||
ING MAP PLUS NP6 | 5,749.787 | 16.17 | 92,974 | |||
ING MAP PLUS NP9 | 12,410.391 | 16.08 | 199,559 | |||
ING MAP PLUS NP10 | 253.721 | 16.04 | 4,070 | |||
ING MAP PLUS NP11 | 5,054.704 | 16.01 | 80,926 | |||
ING MAP PLUS NP12 | 9,299.137 | 15.98 | 148,600 | |||
ING MAP PLUS NP14 | 2,530.038 | 15.92 | 40,278 | |||
ING MAP PLUS NP15 | 1,323.074 | 15.89 | 21,024 | |||
ING MAP PLUS NP16 | 2,289.384 | 15.86 | 36,310 | |||
ING MAP PLUS NP17 | 3,136.550 | 15.83 | 49,652 | |||
ING MAP PLUS NP18 | 15,541.680 | 15.80 | 245,559 | |||
ING MAP PLUS NP19 | 6,493.082 | 15.77 | 102,396 | |||
ING MAP PLUS NP20 | 29,503.492 | 15.73 | 464,090 | |||
ING MAP PLUS NP21 | 2,447.201 | 15.70 | 38,421 | |||
ING MAP PLUS NP22 | 6,011.648 | 15.67 | 94,203 | |||
ING MAP PLUS NP23 | 1,809.040 | 15.64 | 28,293 | |||
ING MAP PLUS NP24 | 1,426.128 | 15.61 | 22,262 | |||
ING MAP PLUS NP25 | 1,255.494 | 15.58 | 19,561 | |||
ING MAP PLUS NP26 | 605.170 | 15.55 | 9,410 | |||
ING MAP PLUS NP28 | 1,592.776 | 15.49 | 24,672 | |||
ING MAP PLUS NP29 | 218.961 | 15.46 | 3,385 | |||
ING MAP PLUS NP30 | 2,101.286 | 15.43 | 32,423 | |||
ING MAP PLUS NP36 | 592.760 | 15.25 | 9,040 | |||
121,168.126 | $ 1,922,612 |
223
VARIABLE ANNUITY ACCOUNT C OF | ||||||
ING LIFE INSURANCE AND ANNUITY COMPANY | ||||||
Notes to Financial Statements | ||||||
Division/Contract | Units | Unit Value | Extended Value | |||
ING GNMA Income Fund - Class A | ||||||
Contracts in accumulation period: | ||||||
ING MAP PLUS NP1 | 2,511.148 | $ 11.57 | $ 29,054 | |||
ING MAP PLUS NP6 | 12,077.811 | 11.46 | 138,412 | |||
ING MAP PLUS NP9 | 112.234 | 11.39 | 1,278 | |||
ING MAP PLUS NP11 | 3,141.265 | 11.35 | 35,653 | |||
ING MAP PLUS NP12 | 2,569.747 | 11.33 | 29,115 | |||
ING MAP PLUS NP14 | 20,890.262 | 11.28 | 235,642 | |||
ING MAP PLUS NP16 | 7,327.173 | 11.24 | 82,357 | |||
ING MAP PLUS NP17 | 16,456.857 | 11.22 | 184,646 | |||
ING MAP PLUS NP18 | 735.023 | 11.20 | 8,232 | |||
ING MAP PLUS NP19 | 13,830.534 | 11.17 | 154,487 | |||
ING MAP PLUS NP20 | 14,423.097 | 11.15 | 160,818 | |||
ING MAP PLUS NP21 | 3,094.077 | 11.13 | 34,437 | |||
ING MAP PLUS NP22 | 1,342.340 | 11.11 | 14,913 | |||
ING MAP PLUS NP26 | 2,194.244 | 11.02 | 24,181 | |||
ING MAP PLUS NP28 | 12,299.013 | 10.98 | 135,043 | |||
ING MAP PLUS NP29 | 4,163.974 | 10.96 | 45,637 | |||
ING MAP PLUS NP30 | 1,428.814 | 10.94 | 15,631 | |||
ING MAP PLUS NP32 | 238.027 | 10.89 | 2,592 | |||
Qualified XII (1.00) | 6,705.095 | 10.93 | 73,287 | |||
125,540.735 | $ 1,405,415 | |||||
ING Intermediate Bond Fund - Class A | ||||||
Contracts in accumulation period: | ||||||
ING MAP PLUS NP1 | 18,517.921 | $ 11.65 | $ 215,734 | |||
ING MAP PLUS NP8 | 66,283.656 | 11.49 | 761,599 | |||
ING MAP PLUS NP10 | 27,476.555 | 11.45 | 314,607 | |||
ING MAP PLUS NP11 | 20,543.535 | 11.42 | 234,607 | |||
ING MAP PLUS NP13 | 4,643.700 | 11.38 | 52,845 | |||
ING MAP PLUS NP14 | 29,734.509 | 11.36 | 337,784 | |||
ING MAP PLUS NP15 | 4,484.863 | 11.34 | 50,858 | |||
ING MAP PLUS NP16 | 4,978.558 | 11.31 | 56,307 | |||
ING MAP PLUS NP17 | 12,283.417 | 11.29 | 138,680 | |||
ING MAP PLUS NP18 | 8,526.442 | 11.27 | 96,093 | |||
ING MAP PLUS NP19 | 17,745.069 | 11.25 | 199,632 | |||
ING MAP PLUS NP20 | 14,173.403 | 11.23 | 159,167 | |||
ING MAP PLUS NP22 | 19,584.905 | 11.18 | 218,959 | |||
ING MAP PLUS NP23 | 2,104.347 | 11.16 | 23,485 | |||
ING MAP PLUS NP24 | 6,428.461 | 11.14 | 71,613 | |||
ING MAP PLUS NP25 | 121.508 | 11.12 | 1,351 | |||
ING MAP PLUS NP26 | 657.491 | 11.09 | 7,292 | |||
ING MAP PLUS NP28 | 9,776.755 | 11.05 | 108,033 | |||
ING MAP PLUS NP29 | 725.541 | 11.03 | 8,003 | |||
ING MAP PLUS NP30 | 63.860 | 11.01 | 703 | |||
ING MAP PLUS NP32 | 641.658 | 10.97 | 7,039 | |||
269,496.154 | $ 3,064,391 |
224
VARIABLE ANNUITY ACCOUNT C OF | ||||||
ING LIFE INSURANCE AND ANNUITY COMPANY | ||||||
Notes to Financial Statements | ||||||
Division/Contract | Units | Unit Value | Extended Value | |||
ING AllianceBernstein Mid Cap Growth Portfolio - Service | ||||||
Class | ||||||
Contracts in accumulation period: | ||||||
ING Custom Choice 62 | 500.705 | $ 13.72 | $ 6,870 | |||
Qualified VI | 123,294.130 | 13.72 | 1,691,595 | |||
Qualified XII (0.00) | 34.735 | 14.19 | 493 | |||
Qualified XII (0.40) | 1,562.665 | 14.04 | 21,940 | |||
Qualified XII (0.50) | 7,677.396 | 14.00 | 107,484 | |||
Qualified XII (0.55) | 2,547.725 | 13.98 | 35,617 | |||
Qualified XII (0.60) | 3,053.035 | 13.96 | 42,620 | |||
Qualified XII (0.65) | 910.608 | 13.94 | 12,694 | |||
Qualified XII (0.70) | 5,616.889 | 13.92 | 78,187 | |||
Qualified XII (0.75) | 6,278.018 | 13.90 | 87,264 | |||
Qualified XII (0.80) | 2,461.708 | 13.89 | 34,193 | |||
Qualified XII (0.85) | 11,360.776 | 13.87 | 157,574 | |||
Qualified XII (0.90) | 1,854.116 | 13.85 | 25,680 | |||
Qualified XII (0.95) | 18,591.352 | 13.83 | 257,118 | |||
Qualified XII (1.00) | 55,866.063 | 13.81 | 771,510 | |||
Qualified XII (1.05) | 45.769 | 13.79 | 631 | |||
Qualified XII (1.10) | 1,257.455 | 13.77 | 17,315 | |||
Qualified XII (1.15) | 6,435.598 | 13.76 | 88,554 | |||
Qualified XII (1.20) | 949.544 | 13.74 | 13,047 | |||
Qualified XII (1.25) | 6,056.327 | 13.72 | 83,093 | |||
Qualified XII (1.30) | 3.369 | 13.70 | 46 | |||
Qualified XII (1.40) | 1,180.115 | 13.66 | 16,120 | |||
Qualified XII (1.45) | 20.149 | 13.65 | 275 | |||
Qualified XII (1.50) | 396.437 | 13.63 | 5,403 | |||
Qualified XV | 1,440.344 | 13.83 | 19,920 | |||
Qualified XVI | 1,497.665 | 13.63 | 20,413 | |||
Qualified XVII | 4,244.977 | 13.72 | 58,241 | |||
Qualified XXI | 1,781.132 | 13.89 | 24,740 | |||
Qualified XXV | 1,143.901 | 13.90 | 15,900 | |||
Qualified XXVI | 463.575 | 13.85 | 6,421 | |||
Qualified LIII | 5,307.153 | 14.09 | 74,778 | |||
Qualified LIV | 1,135.304 | 14.05 | 15,951 | |||
Qualified LV | 7,054.978 | 14.12 | 99,616 | |||
282,023.713 | $ 3,891,303 |
225
VARIABLE ANNUITY ACCOUNT C OF | ||||||
ING LIFE INSURANCE AND ANNUITY COMPANY | ||||||
Notes to Financial Statements | ||||||
Division/Contract | Units | Unit Value | Extended Value | |||
ING BlackRock Large Cap Growth Portfolio - Institutional | ||||||
Class | ||||||
Currently payable annuity contracts: | 32,852.235 | $9.76 to $9.80 | $ 321,387 | |||
Contracts in accumulation period: | ||||||
Qualified V | 1,006.056 | 10.39 | 10,453 | |||
Qualified VI | 4,157,600.122 | 10.40 | 43,239,041 | |||
Qualified VIII | 2,099.726 | 10.40 | 21,837 | |||
Qualified X (1.15) | 138,731.836 | 10.41 | 1,444,198 | |||
Qualified X (1.25) | 337,106.980 | 10.40 | 3,505,913 | |||
Qualified XII (0.05) | 24,962.307 | 10.53 | 262,853 | |||
Qualified XII (0.25) | 6,448.772 | 10.51 | 67,777 | |||
Qualified XII (0.30) | 16,961.111 | 10.50 | 178,092 | |||
Qualified XII (0.35) | 18,858.721 | 10.50 | 198,017 | |||
Qualified XII (0.40) | 18,428.391 | 10.49 | 193,314 | |||
Qualified XII (0.45) | 1,200.679 | 10.49 | 12,595 | |||
Qualified XII (0.50) | 12,437.478 | 10.47 | 130,220 | |||
Qualified XII (0.50) | 149,129.864 | 10.48 | 1,562,881 | |||
Qualified XII (0.55) | 77,282.865 | 10.48 | 809,924 | |||
Qualified XII (0.60) | 73,986.195 | 10.47 | 774,635 | |||
Qualified XII (0.65) | 90,509.010 | 10.47 | 947,629 | |||
Qualified XII (0.70) | 218,478.406 | 10.47 | 2,287,469 | |||
Qualified XII (0.75) | 145,956.404 | 10.46 | 1,526,704 | |||
Qualified XII (0.80) | 343,921.134 | 10.46 | 3,597,415 | |||
Qualified XII (0.85) | 423,742.383 | 10.45 | 4,428,108 | |||
Qualified XII (0.90) | 33,270.710 | 10.45 | 347,679 | |||
Qualified XII (0.95) | 633,419.893 | 10.44 | 6,612,904 | |||
Qualified XII (1.00) | 989,041.356 | 10.44 | 10,325,592 | |||
Qualified XII (1.05) | 145,002.457 | 10.44 | 1,513,826 | |||
Qualified XII (1.10) | 125,026.466 | 10.43 | 1,304,026 | |||
Qualified XII (1.15) | 67,131.207 | 10.43 | 700,178 | |||
Qualified XII (1.20) | 29,654.321 | 10.42 | 308,998 | |||
Qualified XII (1.25) | 73,368.165 | 10.42 | 764,496 | |||
Qualified XII (1.30) | 12,366.053 | 10.41 | 128,731 | |||
Qualified XII (1.35) | 3,528.323 | 10.41 | 36,730 | |||
Qualified XII (1.40) | 19,977.509 | 10.40 | 207,766 | |||
Qualified XII (1.45) | 4,571.911 | 10.40 | 47,548 | |||
Qualified XII (1.50) | 3,672.419 | 10.40 | 38,193 | |||
Qualified XV | 40,095.481 | 10.43 | 418,196 | |||
Qualified XVI | 118,139.815 | 10.38 | 1,226,291 | |||
Qualified XVII | 2,833.961 | 10.41 | 29,502 | |||
Qualified XVIII | 20,220.802 | 10.42 | 210,701 | |||
Qualified XXI | 64,528.097 | 10.44 | 673,673 | |||
Qualified XXII | 494.645 | 10.47 | 5,179 | |||
Qualified XXV | 57,300.768 | 10.45 | 598,793 | |||
Qualified XXVI | 31,648.483 | 10.43 | 330,094 |
226
VARIABLE ANNUITY ACCOUNT C OF | ||||||
ING LIFE INSURANCE AND ANNUITY COMPANY | ||||||
Notes to Financial Statements | ||||||
Division/Contract | Units | Unit Value | Extended Value | |||
ING BlackRock Large Cap Growth Portfolio - Institutional | ||||||
Class (continued) | ||||||
Qualified XXVII | 1,965,893.511 | $ 10.42 | $ 20,484,610 | |||
Qualified XXVIII | 213,862.961 | 10.42 | 2,228,452 | |||
Qualified XXXII | 19,759.467 | 10.40 | 205,498 | |||
Qualified XXXIII (0.65) | 2,582.931 | 10.45 | 26,992 | |||
Qualified XXXVI | 20,341.374 | 10.46 | 212,771 | |||
Qualified LIII | 33,072.296 | 10.47 | 346,267 | |||
Qualified LIV | 29,051.879 | 10.44 | 303,302 | |||
Qualified LV | 42,804.081 | 10.50 | 449,443 | |||
Qualified LVI | 31,544.094 | 10.50 | 331,213 | |||
11,125,906.111 | $ 115,938,106 | |||||
ING BlackRock Large Cap Growth Portfolio - Service Class | ||||||
Contracts in accumulation period: | ||||||
Qualified XII (0.00) | 45.933 | $ 12.17 | $ 559 | |||
Qualified XII (0.50) | 3,551.724 | 12.08 | 42,905 | |||
3,597.657 | $ 43,464 | |||||
ING BlackRock Large Cap Growth Portfolio - Service 2 | ||||||
Class | ||||||
Contracts in accumulation period: | ||||||
Qualified XXXV | 14,089.602 | $ 10.45 | $ 147,236 | |||
14,089.602 | $ 147,236 | |||||
ING Evergreen Health Sciences Portfolio - Service Class | ||||||
Contracts in accumulation period: | ||||||
ING Custom Choice 62 | 335.007 | $ 13.51 | $ 4,526 | |||
ING MAP PLUS NP11 | 128.157 | 13.75 | 1,762 | |||
ING MAP PLUS NP12 | 11,831.664 | 13.73 | 162,449 | |||
ING MAP PLUS NP14 | 3,200.425 | 13.69 | 43,814 | |||
ING MAP PLUS NP17 | 3,790.467 | 13.64 | 51,702 | |||
ING MAP PLUS NP22 | 1,991.720 | 13.55 | 26,988 | |||
ING MAP PLUS NP24 | 534.939 | 13.51 | 7,227 | |||
ING MAP PLUS NP25 | 116.784 | 13.49 | 1,575 | |||
ING MAP PLUS NP28 | 47.228 | 13.44 | 635 | |||
Qualified VI | 163,620.388 | 13.51 | 2,210,511 | |||
Qualified XII (0.00) | 42.475 | 13.97 | 593 | |||
Qualified XII (0.25) | 204.890 | 13.88 | 2,844 | |||
Qualified XII (0.30) | 5,336.701 | 13.86 | 73,967 | |||
Qualified XII (0.40) | 7,532.954 | 13.82 | 104,105 | |||
Qualified XII (0.50) | 169.541 | 13.82 | 2,343 | |||
Qualified XII (0.50) | 10,028.442 | 13.79 | 138,292 | |||
Qualified XII (0.55) | 854.613 | 13.77 | 11,768 | |||
Qualified XII (0.60) | 1,220.912 | 13.75 | 16,788 | |||
Qualified XII (0.65) | 1,394.209 | 13.73 | 19,142 | |||
Qualified XII (0.70) | 81,169.713 | 13.71 | 1,112,837 | |||
Qualified XII (0.75) | 2,698.206 | 13.69 | 36,938 | |||
Qualified XII (0.80) | 9,925.276 | 13.68 | 135,778 |
227
VARIABLE ANNUITY ACCOUNT C OF | ||||||
ING LIFE INSURANCE AND ANNUITY COMPANY | ||||||
Notes to Financial Statements | ||||||
Division/Contract | Units | Unit Value | Extended Value | |||
ING Evergreen Health Sciences Portfolio - Service Class | ||||||
(continued) | ||||||
Qualified XII (0.85) | 15,986.974 | $ 13.66 | $ 218,382 | |||
Qualified XII (0.90) | 2,773.246 | 13.64 | 37,827 | |||
Qualified XII (0.95) | 22,099.162 | 13.62 | 300,991 | |||
Qualified XII (1.00) | 69,438.765 | 13.60 | 944,367 | |||
Qualified XII (1.05) | 2,283.218 | 13.58 | 31,006 | |||
Qualified XII (1.10) | 3,821.951 | 13.57 | 51,864 | |||
Qualified XII (1.15) | 5,516.880 | 13.55 | 74,754 | |||
Qualified XII (1.20) | 2,270.261 | 13.53 | 30,717 | |||
Qualified XII (1.25) | 9,419.834 | 13.51 | 127,262 | |||
Qualified XII (1.30) | 69.890 | 13.49 | 943 | |||
Qualified XII (1.35) | 27.598 | 13.48 | 372 | |||
Qualified XII (1.40) | 734.904 | 13.46 | 9,892 | |||
Qualified XII (1.45) | 9.110 | 13.44 | 122 | |||
Qualified XV | 1,175.597 | 13.62 | 16,012 | |||
Qualified XVI | 3,781.098 | 13.42 | 50,742 | |||
Qualified XXI | 3,898.387 | 13.68 | 53,330 | |||
Qualified XXV | 784.033 | 13.69 | 10,733 | |||
Qualified XXVI | 859.628 | 13.64 | 11,725 | |||
Qualified LIII | 5,715.978 | 13.88 | 79,338 | |||
Qualified LIV | 1,095.481 | 13.84 | 15,161 | |||
Qualified LV | 1,710.183 | 13.91 | 23,789 | |||
459,646.889 | $ 6,255,913 | |||||
ING Evergreen Omega Portfolio - Service Class | ||||||
Contracts in accumulation period: | ||||||
Qualified XII (0.00) | 18.810 | $ 12.97 | $ 244 | |||
18.810 | $ 244 | |||||
ING FMRSM Diversified Mid Cap Portfolio - Service Class | ||||||
Contracts in accumulation period: | ||||||
ING Custom Choice 62 | 482.411 | $ 14.77 | $ 7,125 | |||
ING MAP PLUS NP1 | 44,374.995 | 15.24 | 676,275 | |||
ING MAP PLUS NP6 | 23,148.842 | 15.14 | 350,473 | |||
ING MAP PLUS NP7 | 15.875 | 15.11 | 240 | |||
ING MAP PLUS NP8 | 13,504.392 | 15.09 | 203,781 | |||
ING MAP PLUS NP9 | 12,627.336 | 15.07 | 190,294 | |||
ING MAP PLUS NP10 | 12,989.730 | 15.05 | 195,495 | |||
ING MAP PLUS NP11 | 589.600 | 15.03 | 8,862 | |||
ING MAP PLUS NP13 | 3,076.707 | 14.99 | 46,120 | |||
ING MAP PLUS NP14 | 29,806.949 | 14.97 | 446,210 | |||
ING MAP PLUS NP15 | 13,050.176 | 14.95 | 195,100 | |||
ING MAP PLUS NP16 | 299.848 | 14.93 | 4,477 | |||
ING MAP PLUS NP17 | 11,669.894 | 14.91 | 173,998 | |||
ING MAP PLUS NP18 | 1,902.036 | 14.89 | 28,321 | |||
ING MAP PLUS NP19 | 3,468.985 | 14.87 | 51,584 | |||
ING MAP PLUS NP20 | 1,777.766 | 14.85 | 26,400 | |||
ING MAP PLUS NP21 | 7,671.775 | 14.83 | 113,772 |
228
VARIABLE ANNUITY ACCOUNT C OF | ||||||
ING LIFE INSURANCE AND ANNUITY COMPANY | ||||||
Notes to Financial Statements | ||||||
Division/Contract | Units | Unit Value | Extended Value | |||
ING FMRSM Diversified Mid Cap Portfolio - Service Class | ||||||
(continued) | ||||||
ING MAP PLUS NP22 | 5,248.007 | 14.81 | 77,723 | |||
ING MAP PLUS NP23 | 3,539.132 | 14.79 | 52,344 | |||
ING MAP PLUS NP25 | 115.455 | 14.75 | 1,703 | |||
ING MAP PLUS NP26 | 468.989 | 14.73 | 6,908 | |||
ING MAP PLUS NP27 | 180.835 | 14.71 | 2,660 | |||
ING MAP PLUS NP28 | 868.209 | 14.70 | 12,763 | |||
ING MAP PLUS NP30 | 976.462 | 14.66 | 14,315 | |||
ING MAP PLUS NP36 | 1,833.729 | 14.54 | 26,662 | |||
Qualified VI | 498,275.871 | 14.77 | 7,359,535 | |||
Qualified XII (0.00) | 29.558 | 15.28 | 452 | |||
Qualified XII (0.25) | 40.506 | 15.18 | 615 | |||
Qualified XII (0.30) | 5,092.102 | 15.16 | 77,196 | |||
Qualified XII (0.35) | 1,450.465 | 15.13 | 21,946 | |||
Qualified XII (0.40) | 2,465.992 | 15.11 | 37,261 | |||
Qualified XII (0.50) | 94,323.889 | 15.07 | 1,421,461 | |||
Qualified XII (0.50) | 276.970 | 15.11 | 4,185 | |||
Qualified XII (0.55) | 2,203.090 | 15.05 | 33,157 | |||
Qualified XII (0.60) | 7,511.207 | 15.03 | 112,893 | |||
Qualified XII (0.65) | 8,082.335 | 15.01 | 121,316 | |||
Qualified XII (0.70) | 19,144.722 | 14.99 | 286,979 | |||
Qualified XII (0.75) | 2,553.098 | 14.97 | 38,220 | |||
Qualified XII (0.80) | 5,989.635 | 14.95 | 89,545 | |||
Qualified XII (0.85) | 35,303.687 | 14.93 | 527,084 | |||
Qualified XII (0.90) | 4,969.359 | 14.91 | 74,093 | |||
Qualified XII (0.95) | 46,106.829 | 14.89 | 686,531 | |||
Qualified XII (1.00) | 288,483.715 | 14.87 | 4,289,753 | |||
Qualified XII (1.05) | 6,958.106 | 14.85 | 103,328 | |||
Qualified XII (1.10) | 11,353.166 | 14.83 | 168,367 | |||
Qualified XII (1.15) | 20,436.179 | 14.81 | 302,660 | |||
Qualified XII (1.20) | 955.494 | 14.79 | 14,132 | |||
Qualified XII (1.25) | 13,295.462 | 14.77 | 196,374 | |||
Qualified XII (1.30) | 115.014 | 14.75 | 1,696 | |||
Qualified XII (1.35) | 28.217 | 14.73 | 416 | |||
Qualified XII (1.40) | 132.317 | 14.71 | 1,946 | |||
Qualified XV | 454.316 | 14.89 | 6,765 | |||
Qualified XVI | 12,307.334 | 14.68 | 180,672 | |||
Qualified XVII | 1,341.118 | 14.77 | 19,808 | |||
Qualified XXI | 2,930.201 | 14.95 | 43,807 | |||
Qualified XXV | 243.460 | 14.97 | 3,645 | |||
Qualified XXVI | 2,094.159 | 14.91 | 31,224 | |||
Qualified XXXVII | 20.019 | 9.76 | 195 | |||
Qualified LIII | 79.367 | 15.18 | 1,205 | |||
Qualified LIV | 17,177.447 | 15.13 | 259,895 | |||
Qualified LV | 740.369 | 15.21 | 11,261 | |||
1,306,652.910 | $ 19,443,223 |
229
VARIABLE ANNUITY ACCOUNT C OF | ||||||
ING LIFE INSURANCE AND ANNUITY COMPANY | ||||||
Notes to Financial Statements | ||||||
Division/Contract | Units | Unit Value | Extended Value | |||
ING FMRSM Large Cap Growth Portfolio - Institutional | ||||||
Class | ||||||
Contracts in accumulation period: | ||||||
Qualified VI | 1,076.609 | $ 10.12 | $ 10,895 | |||
Qualified X (1.25) | 4,931.245 | 10.12 | 49,904 | |||
Qualified XII (0.40) | 315.255 | 10.26 | 3,235 | |||
Qualified XII (0.50) | 726.837 | 10.25 | 7,450 | |||
Qualified XII (0.70) | 15.735 | 10.21 | 161 | |||
Qualified XII (0.75) | 29.753 | 10.20 | 303 | |||
Qualified XII (0.80) | 987.960 | 10.19 | 10,067 | |||
Qualified XII (0.85) | 548.292 | 10.19 | 5,587 | |||
Qualified XII (0.95) | 511.782 | 10.17 | 5,205 | |||
Qualified XII (1.00) | 680.439 | 10.16 | 6,913 | |||
Qualified XII (1.05) | 4.460 | 10.15 | 45 | |||
Qualified XII (1.10) | 1,113.368 | 10.14 | 11,290 | |||
Qualified XII (1.20) | 52.962 | 10.13 | 537 | |||
Qualified XII (1.25) | 124.079 | 10.12 | 1,256 | |||
Qualified XII (1.30) | 1.182 | 10.11 | 12 | |||
Qualified XII (1.35) | 2.547 | 10.10 | 26 | |||
Qualified XII (1.40) | 30.673 | 10.09 | 309 | |||
Qualified XII (1.45) | 16.140 | 10.08 | 163 | |||
Qualified XXVII | 2,803.237 | 10.20 | 28,593 | |||
Qualified LIII | 1.151 | 10.28 | 12 | |||
13,973.706 | $ 141,963 | |||||
ING FMRSM Large Cap Growth Portfolio - Service Class | ||||||
Contracts in accumulation period: | ||||||
ING MAP PLUS NP28 | 10.331 | $ 10.05 | $ 104 | |||
10.331 | $ 104 | |||||
ING Global Resources Portfolio - Institutional Class | ||||||
Contracts in accumulation period: | ||||||
Qualified XII (0.20) | 3,162.530 | $ 13.92 | $ 44,022 | |||
3,162.530 | $ 44,022 |
230
VARIABLE ANNUITY ACCOUNT C OF | ||||||
ING LIFE INSURANCE AND ANNUITY COMPANY | ||||||
Notes to Financial Statements | ||||||
Division/Contract | Units | Unit Value | Extended Value | |||
ING Global Resources Portfolio - Service Class | ||||||
Contracts in accumulation period: | ||||||
ING Custom Choice 62 | 9,843.158 | $ 13.46 | $ 132,489 | |||
Qualified V | 41.560 | 13.43 | 558 | |||
Qualified VI | 2,761,599.574 | 13.46 | 37,171,130 | |||
Qualified VIII | 784.286 | 13.46 | 10,556 | |||
Qualified XII (0.05) | 50,114.062 | 13.65 | 684,057 | |||
Qualified XII (0.25) | 12,207.892 | 13.61 | 166,149 | |||
Qualified XII (0.30) | 25,507.710 | 13.61 | 347,160 | |||
Qualified XII (0.35) | 4,631.419 | 13.60 | 62,987 | |||
Qualified XII (0.40) | 95,415.662 | 13.59 | 1,296,699 | |||
Qualified XII (0.45) | 209.778 | 13.58 | 2,849 | |||
Qualified XII (0.50) | 9,680.677 | 13.58 | 131,464 | |||
Qualified XII (0.50) | 76,523.401 | 13.58 | 1,039,188 | |||
Qualified XII (0.55) | 29,703.385 | 13.57 | 403,075 | |||
Qualified XII (0.60) | 44,805.553 | 13.56 | 607,563 | |||
Qualified XII (0.65) | 50,494.230 | 13.55 | 684,197 | |||
Qualified XII (0.70) | 132,274.504 | 13.54 | 1,790,997 | |||
Qualified XII (0.75) | 95,711.649 | 13.54 | 1,295,936 | |||
Qualified XII (0.80) | 425,952.011 | 13.53 | 5,763,131 | |||
Qualified XII (0.85) | 210,824.118 | 13.52 | 2,850,342 | |||
Qualified XII (0.90) | 43,060.033 | 13.51 | 581,741 | |||
Qualified XII (0.95) | 447,396.945 | 13.51 | 6,044,333 | |||
Qualified XII (1.00) | 975,671.536 | 13.50 | 13,171,566 | |||
Qualified XII (1.05) | 55,333.690 | 13.49 | 746,451 | |||
Qualified XII (1.10) | 86,299.156 | 13.48 | 1,163,313 | |||
Qualified XII (1.15) | 71,518.786 | 13.47 | 963,358 | |||
Qualified XII (1.20) | 19,633.433 | 13.47 | 264,462 | |||
Qualified XII (1.25) | 71,072.713 | 13.46 | 956,639 | |||
Qualified XII (1.30) | 1,587.983 | 13.45 | 21,358 | |||
Qualified XII (1.35) | 273.975 | 13.44 | 3,682 | |||
Qualified XII (1.40) | 9,805.279 | 13.44 | 131,783 | |||
Qualified XII (1.45) | 1,026.722 | 13.43 | 13,789 | |||
Qualified XII (1.50) | 5.842 | 13.42 | 78 | |||
Qualified XV | 30,639.745 | 13.51 | 413,943 | |||
Qualified XVI | 55,829.785 | 13.42 | 749,236 | |||
Qualified XVII | 14,926.307 | 13.47 | 201,057 | |||
Qualified XXI | 30,843.020 | 13.53 | 417,306 | |||
Qualified XXV | 54,308.846 | 13.56 | 736,428 | |||
Qualified XXVI | 10,759.230 | 13.54 | 145,680 | |||
Qualified XXVII | 1,391,649.897 | 13.59 | 18,912,522 | |||
Qualified XXVIII | 537,486.317 | 13.57 | 7,293,689 | |||
Qualified XXXVI | 8,283.705 | 13.57 | 112,410 | |||
Qualified LIII | 67,014.081 | 13.60 | 911,392 | |||
Qualified LIV | 32,694.150 | 13.56 | 443,333 | |||
Qualified LV | 31,020.342 | 13.64 | 423,117 | |||
Qualified LVI | 12,328.864 | 13.65 | 168,289 | |||
8,096,795.011 | $ 109,431,482 |
231
VARIABLE ANNUITY ACCOUNT C OF | ||||||
ING LIFE INSURANCE AND ANNUITY COMPANY | ||||||
Notes to Financial Statements | ||||||
Division/Contract | Units | Unit Value | Extended Value | |||
ING Janus Contrarian Portfolio - Service Class | ||||||
Contracts in accumulation period: | ||||||
Qualified XII (0.00) | 63.600 | $ 11.49 | $ 731 | |||
Qualified XII (0.50) | 402,977.156 | 11.44 | 4,610,059 | |||
403,040.756 | $ 4,610,790 | |||||
ING JPMorgan Emerging Markets Equity Portfolio - | ||||||
Adviser Class | ||||||
Contracts in accumulation period: | ||||||
Qualified XXXV | 18,225.962 | $ 20.17 | $ 367,618 | |||
18,225.962 | $ 367,618 | |||||
ING JPMorgan Emerging Markets Equity Portfolio - | ||||||
Institutional Class | ||||||
Contracts in accumulation period: | ||||||
Qualified XXVII | 1,087,498.417 | $ 21.10 | $ 22,946,217 | |||
Qualified XXVIII | 989,816.368 | 21.10 | 20,885,125 | |||
2,077,314.785 | $ 43,831,342 | |||||
ING JPMorgan Emerging Markets Equity Portfolio - | ||||||
Service Class | ||||||
Contracts in accumulation period: | ||||||
ING Custom Choice 62 | 687.474 | $ 24.58 | $ 16,898 | |||
ING MAP PLUS NP1 | 25,423.058 | 15.96 | 405,752 | |||
ING MAP PLUS NP13 | 7,588.044 | 15.80 | 119,891 | |||
ING MAP PLUS NP14 | 1,382.304 | 15.79 | 21,827 | |||
ING MAP PLUS NP16 | 2,190.988 | 15.76 | 34,530 | |||
ING MAP PLUS NP17 | 757.542 | 15.75 | 11,931 | |||
ING MAP PLUS NP22 | 4,883.936 | 15.68 | 76,580 | |||
ING MAP PLUS NP24 | 1,575.947 | 15.66 | 24,679 | |||
ING MAP PLUS NP25 | 454.434 | 15.64 | 7,107 | |||
ING MAP PLUS NP26 | 155.686 | 15.63 | 2,433 | |||
ING MAP PLUS NP28 | 7.194 | 15.61 | 112 | |||
Qualified VI | 830,788.098 | 24.58 | 20,420,771 | |||
Qualified VIII | 28.639 | 24.58 | 704 | |||
Qualified XII (0.25) | 629.827 | 25.25 | 15,903 | |||
Qualified XII (0.30) | 5.963 | 25.22 | 150 | |||
Qualified XII (0.40) | 7,533.507 | 25.15 | 189,468 | |||
Qualified XII (0.50) | 11,763.150 | 25.08 | 295,020 | |||
Qualified XII (0.50) | 2,998.643 | 25.14 | 75,386 | |||
Qualified XII (0.55) | 7,774.626 | 25.05 | 194,754 | |||
Qualified XII (0.60) | 14,489.728 | 25.02 | 362,533 | |||
Qualified XII (0.65) | 22,113.250 | 24.98 | 552,389 | |||
Qualified XII (0.70) | 25,424.854 | 24.95 | 634,350 | |||
Qualified XII (0.75) | 8,603.722 | 24.92 | 214,405 | |||
Qualified XII (0.80) | 43,230.939 | 24.88 | 1,075,586 | |||
Qualified XII (0.85) | 71,155.744 | 24.85 | 1,768,220 | |||
Qualified XII (0.90) | 12,372.158 | 24.82 | 307,077 | |||
Qualified XII (0.95) | 109,778.333 | 24.78 | 2,720,307 | |||
Qualified XII (1.00) | 231,590.601 | 24.75 | 5,731,867 |
232
VARIABLE ANNUITY ACCOUNT C OF | ||||||
ING LIFE INSURANCE AND ANNUITY COMPANY | ||||||
Notes to Financial Statements | ||||||
Division/Contract | Units | Unit Value | Extended Value | |||
ING JPMorgan Emerging Markets Equity Portfolio - | ||||||
Service Class (continued) | ||||||
Qualified XII (1.05) | 13,701.881 | $ 24.72 | $ 338,710 | |||
Qualified XII (1.10) | 11,286.808 | 24.68 | 278,558 | |||
Qualified XII (1.15) | 26,816.140 | 24.65 | 661,018 | |||
Qualified XII (1.20) | 2,885.859 | 24.62 | 71,050 | |||
Qualified XII (1.25) | 27,218.066 | 24.58 | 669,020 | |||
Qualified XII (1.30) | 410.678 | 24.55 | 10,082 | |||
Qualified XII (1.40) | 3,438.399 | 24.49 | 84,206 | |||
Qualified XII (1.45) | 250.881 | 24.45 | 6,134 | |||
Qualified XII (1.50) | 120.475 | 24.42 | 2,942 | |||
Qualified XV | 4,536.192 | 24.78 | 112,407 | |||
Qualified XVI | 15,239.996 | 24.42 | 372,161 | |||
Qualified XVII | 1,420.543 | 24.58 | 34,917 | |||
Qualified XXI | 15,966.469 | 24.88 | 397,246 | |||
Qualified XXV | 13,225.686 | 24.92 | 329,584 | |||
Qualified XXVI | 8,227.046 | 24.82 | 204,195 | |||
Qualified LIII | 18,844.713 | 25.25 | 475,829 | |||
Qualified LIV | 14,908.915 | 25.18 | 375,406 | |||
Qualified LV | 18,462.027 | 25.31 | 467,274 | |||
Qualified LVI | 82.126 | 25.32 | 2,079 | |||
1,642,431.289 | $ 40,173,448 |
233
VARIABLE ANNUITY ACCOUNT C OF | ||||||
ING LIFE INSURANCE AND ANNUITY COMPANY | ||||||
Notes to Financial Statements | ||||||
Division/Contract | Units | Unit Value | Extended Value | |||
ING JPMorgan Small Cap Core Equity Portfolio - Service | ||||||
Class | ||||||
Contracts in accumulation period: | ||||||
Qualified VI | 70,405.242 | $ 12.63 | $ 889,218 | |||
Qualified XII (0.00) | 1.113 | 13.06 | 15 | |||
Qualified XII (0.35) | 1,981.375 | 12.94 | 25,639 | |||
Qualified XII (0.40) | 813.312 | 12.92 | 10,508 | |||
Qualified XII (0.50) | 34,383.939 | 12.89 | 443,209 | |||
Qualified XII (0.50) | 719.703 | 12.91 | 9,291 | |||
Qualified XII (0.55) | 451.643 | 12.87 | 5,813 | |||
Qualified XII (0.60) | 2,404.832 | 12.85 | 30,902 | |||
Qualified XII (0.65) | 393.878 | 12.83 | 5,053 | |||
Qualified XII (0.70) | 2,726.514 | 12.82 | 34,954 | |||
Qualified XII (0.75) | 744.801 | 12.80 | 9,533 | |||
Qualified XII (0.80) | 7,456.174 | 12.78 | 95,290 | |||
Qualified XII (0.85) | 9,661.298 | 12.77 | 123,375 | |||
Qualified XII (0.90) | 595.112 | 12.75 | 7,588 | |||
Qualified XII (0.95) | 12,578.672 | 12.73 | 160,126 | |||
Qualified XII (1.00) | 26,743.482 | 12.71 | 339,910 | |||
Qualified XII (1.05) | 1,534.185 | 12.70 | 19,484 | |||
Qualified XII (1.10) | 2,791.513 | 12.68 | 35,396 | |||
Qualified XII (1.15) | 2,144.953 | 12.66 | 27,155 | |||
Qualified XII (1.20) | 398.828 | 12.65 | 5,045 | |||
Qualified XII (1.25) | 4,267.120 | 12.63 | 53,894 | |||
Qualified XII (1.40) | 1,351.921 | 12.58 | 17,007 | |||
Qualified XII (1.45) | 1.041 | 12.56 | 13 | |||
Qualified XVI | 2,886.840 | 12.55 | 36,230 | |||
Qualified XXI | 1,200.484 | 12.78 | 15,342 | |||
Qualified XXV | 166.110 | 12.80 | 2,126 | |||
Qualified XXVI | 151.770 | 12.75 | 1,935 | |||
Qualified LIII | 1,705.631 | 12.97 | 22,122 | |||
Qualified LIV | 1,283.651 | 12.93 | 16,598 | |||
Qualified LV | 1,928.762 | 13.00 | 25,074 | |||
193,873.899 | $ 2,467,845 | |||||
ING JPMorgan Value Opportunities Portfolio - | ||||||
Institutional Class | ||||||
Contracts in accumulation period: | ||||||
Qualified X (1.15) | 1,305.492 | $ 11.07 | $ 14,452 | |||
Qualified X (1.25) | 5,177.634 | 11.05 | 57,213 | |||
6,483.126 | $ 71,665 |
234
VARIABLE ANNUITY ACCOUNT C OF | ||||||
ING LIFE INSURANCE AND ANNUITY COMPANY | ||||||
Notes to Financial Statements | ||||||
Division/Contract | Units | Unit Value | Extended Value | |||
ING JPMorgan Value Opportunities Portfolio - Service | ||||||
Class | ||||||
Contracts in accumulation period: | ||||||
ING MAP PLUS NP17 | 685.367 | $ 11.08 | $ 7,594 | |||
Qualified VI | 61,818.626 | 10.99 | 679,387 | |||
Qualified XII (0.00) | 87.351 | 11.23 | 981 | |||
Qualified XII (0.40) | 205.871 | 11.15 | 2,295 | |||
Qualified XII (0.50) | 42,004.913 | 11.13 | 467,515 | |||
Qualified XII (0.55) | 40.416 | 11.12 | 449 | |||
Qualified XII (0.60) | 361.203 | 11.11 | 4,013 | |||
Qualified XII (0.65) | 132.740 | 11.10 | 1,473 | |||
Qualified XII (0.70) | 759.821 | 11.10 | 8,434 | |||
Qualified XII (0.75) | 1,309.310 | 11.09 | 14,520 | |||
Qualified XII (0.80) | 1,822.367 | 11.08 | 20,192 | |||
Qualified XII (0.85) | 4,072.366 | 11.07 | 45,081 | |||
Qualified XII (0.90) | 289.213 | 11.06 | 3,199 | |||
Qualified XII (0.95) | 13,550.137 | 11.05 | 149,729 | |||
Qualified XII (1.00) | 21,835.778 | 11.04 | 241,067 | |||
Qualified XII (1.05) | 2,998.033 | 11.03 | 33,068 | |||
Qualified XII (1.10) | 853.060 | 11.02 | 9,401 | |||
Qualified XII (1.15) | 3,113.785 | 11.01 | 34,283 | |||
Qualified XII (1.20) | 339.383 | 11.00 | 3,733 | |||
Qualified XII (1.25) | 1,916.005 | 10.99 | 21,057 | |||
Qualified XII (1.30) | 64.171 | 10.98 | 705 | |||
Qualified XII (1.35) | 89.295 | 10.97 | 980 | |||
Qualified XII (1.40) | 143.407 | 10.97 | 1,573 | |||
Qualified XII (1.45) | 1.983 | 10.96 | 22 | |||
Qualified XV | 19.351 | 11.05 | 214 | |||
Qualified XVI | 3,409.079 | 10.95 | 37,329 | |||
Qualified XXI | 1,633.357 | 11.08 | 18,098 | |||
Qualified XXV | 436.720 | 11.09 | 4,843 | |||
Qualified LIII | 84.489 | 11.17 | 944 | |||
Qualified LIV | 2,343.612 | 11.13 | 26,084 | |||
Qualified LV | 65.639 | 11.19 | 735 | |||
166,486.848 | $ 1,838,998 |
235
VARIABLE ANNUITY ACCOUNT C OF | ||||||
ING LIFE INSURANCE AND ANNUITY COMPANY | ||||||
Notes to Financial Statements | ||||||
Division/Contract | Units | Unit Value | Extended Value | |||
ING Julius Baer Foreign Portfolio - Service Class | ||||||
Contracts in accumulation period: | ||||||
ING Custom Choice 62 | 4,759.808 | $ 20.46 | $ 97,386 | |||
Qualified VI | 1,199,234.392 | 19.53 | 23,421,048 | |||
Qualified X (1.15) | 52,590.291 | 20.34 | 1,069,687 | |||
Qualified X (1.25) | 103,984.415 | 20.27 | 2,107,764 | |||
Qualified XII (0.00) | 77.215 | 20.45 | 1,579 | |||
Qualified XII (0.25) | 12.428 | 20.26 | 252 | |||
Qualified XII (0.30) | 606.425 | 20.22 | 12,262 | |||
Qualified XII (0.35) | 12.940 | 20.19 | 261 | |||
Qualified XII (0.40) | 37,480.440 | 20.15 | 755,231 | |||
Qualified XII (0.50) | 130.331 | 20.24 | 2,638 | |||
Qualified XII (0.50) | 401,617.013 | 20.07 | 8,060,453 | |||
Qualified XII (0.55) | 23,727.497 | 20.04 | 475,499 | |||
Qualified XII (0.60) | 37,244.631 | 20.00 | 744,893 | |||
Qualified XII (0.65) | 19,623.565 | 19.96 | 391,686 | |||
Qualified XII (0.70) | 28,913.885 | 19.93 | 576,254 | |||
Qualified XII (0.75) | 9,773.504 | 19.89 | 194,395 | |||
Qualified XII (0.80) | 64,902.773 | 19.85 | 1,288,320 | |||
Qualified XII (0.85) | 81,468.716 | 19.82 | 1,614,710 | |||
Qualified XII (0.90) | 6,593.165 | 19.78 | 130,413 | |||
Qualified XII (0.95) | 115,858.439 | 19.75 | 2,288,204 | |||
Qualified XII (1.00) | 653,720.271 | 19.71 | 12,884,827 | |||
Qualified XII (1.05) | 10,595.962 | 19.67 | 208,423 | |||
Qualified XII (1.10) | 15,756.944 | 19.64 | 309,466 | |||
Qualified XII (1.15) | 30,573.731 | 19.60 | 599,245 | |||
Qualified XII (1.20) | 4,681.365 | 19.57 | 91,614 | |||
Qualified XII (1.25) | 43,901.669 | 19.53 | 857,400 | |||
Qualified XII (1.30) | 3,485.587 | 19.49 | 67,934 | |||
Qualified XII (1.35) | 73.017 | 19.46 | 1,421 | |||
Qualified XII (1.40) | 2,552.214 | 19.42 | 49,564 | |||
Qualified XII (1.45) | 544.520 | 19.39 | 10,558 | |||
Qualified XII (1.50) | 102.643 | 19.35 | 1,986 | |||
Qualified XV | 1,434.692 | 19.75 | 28,335 | |||
Qualified XVI | 16,154.684 | 19.35 | 312,593 | |||
Qualified XVII | 4,670.069 | 19.68 | 91,907 | |||
Qualified XVIII | 8,525.963 | 20.45 | 174,356 | |||
Qualified XXI | 3,849.471 | 19.85 | 76,412 | |||
Qualified XXV | 8,575.426 | 19.92 | 170,822 | |||
Qualified XXVI | 2,004.670 | 19.83 | 39,753 | |||
Qualified XXXII | 2,442.333 | 20.27 | 49,506 | |||
Qualified LIII | 5,592.263 | 17.75 | 99,263 | |||
Qualified LIV | 19,642.858 | 17.69 | 347,482 | |||
Qualified LV | 8,141.758 | 17.79 | 144,842 | |||
3,035,633.983 | $ 59,850,644 |
236
VARIABLE ANNUITY ACCOUNT C OF | ||||||
ING LIFE INSURANCE AND ANNUITY COMPANY | ||||||
Notes to Financial Statements | ||||||
Division/Contract | Units | Unit Value | Extended Value | |||
ING Legg Mason Value Portfolio - Service Class | ||||||
Contracts in accumulation period: | ||||||
ING MAP PLUS NP17 | 7,424.056 | $ 11.32 | $ 84,040 | |||
ING MAP PLUS NP18 | 99.081 | 11.30 | 1,120 | |||
ING MAP PLUS NP19 | 118,691.955 | 11.29 | 1,340,032 | |||
ING MAP PLUS NP22 | 600.471 | 11.24 | 6,749 | |||
ING MAP PLUS NP23 | 2,456.293 | 11.23 | 27,584 | |||
ING MAP PLUS NP24 | 169.765 | 11.21 | 1,903 | |||
ING MAP PLUS NP30 | 1,340.967 | 11.12 | 14,912 | |||
ING MAP PLUS NP36 | 11.916 | 11.03 | 131 | |||
Qualified VI | 137,154.833 | 11.21 | 1,537,506 | |||
Qualified XII (0.00) | 2.003 | 11.59 | 23 | |||
Qualified XII (0.30) | 88.570 | 11.50 | 1,019 | |||
Qualified XII (0.40) | 3,425.670 | 11.47 | 39,292 | |||
Qualified XII (0.50) | 5,161.986 | 11.44 | 59,053 | |||
Qualified XII (0.55) | 2,872.363 | 11.42 | 32,802 | |||
Qualified XII (0.60) | 2,408.424 | 11.41 | 27,480 | |||
Qualified XII (0.65) | 717.867 | 11.39 | 8,177 | |||
Qualified XII (0.70) | 4,529.968 | 11.38 | 51,551 | |||
Qualified XII (0.75) | 1,043.452 | 11.36 | 11,854 | |||
Qualified XII (0.80) | 1,104.353 | 11.35 | 12,534 | |||
Qualified XII (0.85) | 9,098.074 | 11.33 | 103,081 | |||
Qualified XII (0.90) | 10,968.622 | 11.32 | 124,165 | |||
Qualified XII (0.95) | 23,249.054 | 11.30 | 262,714 | |||
Qualified XII (1.00) | 31,248.578 | 11.29 | 352,796 | |||
Qualified XII (1.05) | 507.744 | 11.27 | 5,722 | |||
Qualified XII (1.10) | 2,111.813 | 11.26 | 23,779 | |||
Qualified XII (1.15) | 5,920.560 | 11.24 | 66,547 | |||
Qualified XII (1.20) | 3,049.418 | 11.23 | 34,245 | |||
Qualified XII (1.25) | 4,517.393 | 11.21 | 50,640 | |||
Qualified XII (1.30) | 55.689 | 11.20 | 624 | |||
Qualified XII (1.40) | 333.168 | 11.17 | 3,721 | |||
Qualified XII (1.45) | 94.622 | 11.15 | 1,055 | |||
Qualified XVI | 1,776.681 | 11.14 | 19,792 | |||
Qualified XXI | 3,447.762 | 11.35 | 39,132 | |||
Qualified LIII | 351.285 | 11.52 | 4,047 | |||
Qualified LIV | 354.609 | 11.48 | 4,071 | |||
Qualified LV | 3,442.517 | 11.54 | 39,727 | |||
389,831.582 | $ 4,393,620 |
237
VARIABLE ANNUITY ACCOUNT C OF | ||||||
ING LIFE INSURANCE AND ANNUITY COMPANY | ||||||
Notes to Financial Statements | ||||||
Division/Contract | Units | Unit Value | Extended Value | |||
ING Lord Abbett Affiliated Portfolio - Institutional Class | ||||||
Currently payable annuity contracts: | 124,982.206 | $10.99 to $11.18 | $ 1,395,662 | |||
Contracts in accumulation period: | ||||||
ING Custom Choice 62 | 4,723.431 | 11.12 | 52,525 | |||
ING MAP PLUS NP8 | 854.039 | 11.29 | 9,642 | |||
ING MAP PLUS NP9 | 4,906.728 | 11.28 | 55,348 | |||
ING MAP PLUS NP11 | 9,267.039 | 11.26 | 104,347 | |||
ING MAP PLUS NP12 | 351.675 | 11.25 | 3,956 | |||
ING MAP PLUS NP14 | 413.812 | 11.23 | 4,647 | |||
ING MAP PLUS NP16 | 15,780.612 | 11.21 | 176,901 | |||
ING MAP PLUS NP17 | 6,739.730 | 11.20 | 75,485 | |||
ING MAP PLUS NP18 | 52,662.231 | 11.19 | 589,290 | |||
ING MAP PLUS NP20 | 4,472.077 | 11.17 | 49,953 | |||
ING MAP PLUS NP21 | 6,799.324 | 11.17 | 75,948 | |||
ING MAP PLUS NP22 | 4,485.652 | 11.16 | 50,060 | |||
ING MAP PLUS NP23 | 11,611.078 | 11.15 | 129,464 | |||
ING MAP PLUS NP25 | 603.072 | 11.13 | 6,712 | |||
ING MAP PLUS NP28 | 43.074 | 11.10 | 478 | |||
ING MAP PLUS NP29 | 12.168 | 11.09 | 135 | |||
ING MAP PLUS NP30 | 5,477.852 | 11.08 | 60,695 | |||
ING MAP PLUS NP32 | 112.835 | 11.06 | 1,248 | |||
Qualified V | 2,412.332 | 11.09 | 26,753 | |||
Qualified VI | 3,700,670.302 | 11.12 | 41,151,454 | |||
Qualified VIII | 3,004.639 | 11.12 | 33,412 | |||
Qualified X (1.15) | 190,927.701 | 11.14 | 2,126,935 | |||
Qualified X (1.25) | 643,298.737 | 11.12 | 7,153,482 | |||
Qualified XII (0.20) | 54.701 | 11.32 | 619 | |||
Qualified XII (0.25) | 12,189.182 | 11.31 | 137,860 | |||
Qualified XII (0.30) | 360,051.504 | 11.30 | 4,068,582 | |||
Qualified XII (0.40) | 21,311.415 | 11.28 | 240,393 | |||
Qualified XII (0.50) | 10,303.206 | 11.26 | 116,014 | |||
Qualified XII (0.50) | 140,227.544 | 11.26 | 1,578,962 | |||
Qualified XII (0.55) | 298,645.004 | 11.25 | 3,359,756 | |||
Qualified XII (0.60) | 135,850.593 | 11.24 | 1,526,961 | |||
Qualified XII (0.65) | 499,988.428 | 11.23 | 5,614,870 | |||
Qualified XII (0.70) | 338,956.168 | 11.22 | 3,803,088 | |||
Qualified XII (0.75) | 210,960.536 | 11.21 | 2,364,868 | |||
Qualified XII (0.80) | 192,340.937 | 11.21 | 2,156,142 | |||
Qualified XII (0.85) | 536,059.384 | 11.20 | 6,003,865 | |||
Qualified XII (0.90) | 43,738.259 | 11.19 | 489,431 | |||
Qualified XII (0.95) | 839,581.548 | 11.18 | 9,386,522 | |||
Qualified XII (1.00) | 2,143,013.617 | 11.17 | 23,937,462 | |||
Qualified XII (1.05) | 154,388.960 | 11.16 | 1,722,981 | |||
Qualified XII (1.10) | 67,513.981 | 11.15 | 752,781 |
238
VARIABLE ANNUITY ACCOUNT C OF | ||||||
ING LIFE INSURANCE AND ANNUITY COMPANY | ||||||
Notes to Financial Statements | ||||||
Division/Contract | Units | Unit Value | Extended Value | |||
ING Lord Abbett Affiliated Portfolio - Institutional Class | ||||||
(continued) | ||||||
Qualified XII (1.15) | 92,780.742 | 11.14 | 1,033,577 | |||
Qualified XII (1.20) | 35,515.673 | 11.13 | 395,289 | |||
Qualified XII (1.25) | 223,549.224 | 11.12 | 2,485,867 | |||
Qualified XII (1.30) | 7,354.808 | 11.11 | 81,712 | |||
Qualified XII (1.35) | 3,617.056 | 11.10 | 40,149 | |||
Qualified XII (1.40) | 29,382.212 | 11.09 | 325,849 | |||
Qualified XII (1.45) | 3,716.663 | 11.08 | 41,181 | |||
Qualified XII (1.50) | 10,766.597 | 11.07 | 119,186 | |||
Qualified XV | 29,883.466 | 11.18 | 334,097 | |||
Qualified XVI | 126,194.561 | 11.07 | 1,396,974 | |||
Qualified XVII | 10,749.135 | 11.12 | 119,530 | |||
Qualified XVIII | 22,100.091 | 11.17 | 246,858 | |||
Qualified XXI | 96,942.632 | 11.21 | 1,086,727 | |||
Qualified XXV | 87,326.844 | 11.21 | 978,934 | |||
Qualified XXVI | 12,127.863 | 11.19 | 135,711 | |||
Qualified XXXII | 7,272.720 | 11.12 | 80,873 | |||
Qualified LIII | 18,232.264 | 11.30 | 206,025 | |||
Qualified LIV | 112,473.440 | 11.26 | 1,266,451 | |||
Qualified LV | 69,880.857 | 11.32 | 791,051 | |||
Qualified LVI | 91.769 | 11.33 | 1,040 | |||
11,799,745.930 | $ 131,762,770 | |||||
ING Lord Abbett Affiliated Portfolio - Service Class | ||||||
Contracts in accumulation period: | ||||||
ING MAP PLUS NP16 | 46,182.069 | $ 11.17 | $ 515,854 | |||
ING MAP PLUS NP26 | 3.992 | 11.08 | 44 | |||
46,186.061 | $ 515,898 |
239
VARIABLE ANNUITY ACCOUNT C OF | ||||||
ING LIFE INSURANCE AND ANNUITY COMPANY | ||||||
Notes to Financial Statements | ||||||
Division/Contract | Units | Unit Value | Extended Value | |||
ING Marsico Growth Portfolio - Service Class | ||||||
Contracts in accumulation period: | ||||||
ING Custom Choice 62 | 94.329 | $ 13.30 | $ 1,255 | |||
ING MAP PLUS NP9 | 14,839.054 | 13.57 | 201,366 | |||
ING MAP PLUS NP10 | 8.552 | 13.56 | 116 | |||
ING MAP PLUS NP17 | 10,133.520 | 13.43 | 136,093 | |||
ING MAP PLUS NP19 | 807.500 | 13.39 | 10,812 | |||
ING MAP PLUS NP21 | 95.810 | 13.36 | 1,280 | |||
ING MAP PLUS NP24 | 312.754 | 13.30 | 4,160 | |||
Qualified VI | 127,014.474 | 13.30 | 1,689,293 | |||
Qualified X (1.15) | 9,998.957 | 11.41 | 114,088 | |||
Qualified X (1.25) | 5,150.690 | 11.39 | 58,666 | |||
Qualified XII (0.00) | 17.753 | 13.76 | 244 | |||
Qualified XII (0.40) | 2,983.947 | 13.61 | 40,612 | |||
Qualified XII (0.50) | 1,092.956 | 13.60 | 14,864 | |||
Qualified XII (0.50) | 15,519.337 | 13.57 | 210,597 | |||
Qualified XII (0.55) | 4,062.939 | 13.56 | 55,093 | |||
Qualified XII (0.60) | 3,072.025 | 13.54 | 41,595 | |||
Qualified XII (0.65) | 2,836.281 | 13.52 | 38,347 | |||
Qualified XII (0.70) | 1,590.401 | 13.50 | 21,470 | |||
Qualified XII (0.75) | 759.295 | 13.48 | 10,235 | |||
Qualified XII (0.80) | 3,184.999 | 13.47 | 42,902 | |||
Qualified XII (0.85) | 7,193.919 | 13.45 | 96,758 | |||
Qualified XII (0.90) | 297.545 | 13.43 | 3,996 | |||
Qualified XII (0.95) | 14,179.147 | 13.41 | 190,142 | |||
Qualified XII (1.00) | 58,312.368 | 13.39 | 780,803 | |||
Qualified XII (1.05) | 846.716 | 13.38 | 11,329 | |||
Qualified XII (1.10) | 2,410.123 | 13.36 | 32,199 | |||
Qualified XII (1.15) | 5,075.629 | 13.34 | 67,709 | |||
Qualified XII (1.20) | 2,688.729 | 13.32 | 35,814 | |||
Qualified XII (1.25) | 9,148.760 | 13.30 | 121,679 | |||
Qualified XII (1.30) | 226.431 | 13.29 | 3,009 | |||
Qualified XII (1.40) | 352.300 | 13.25 | 4,668 | |||
Qualified XII (1.45) | 387.499 | 13.23 | 5,127 | |||
Qualified XV | 2,358.301 | 13.41 | 31,625 | |||
Qualified XVI | 246.950 | 13.21 | 3,262 | |||
Qualified XXI | 4,908.707 | 13.47 | 66,120 | |||
Qualified XXV | 339.087 | 13.48 | 4,571 | |||
Qualified XXVI | 182.313 | 13.43 | 2,448 | |||
Qualified XXXII | 325.272 | 11.39 | 3,705 | |||
Qualified LIII | 4,732.920 | 13.67 | 64,699 | |||
Qualified LIV | 653.890 | 13.62 | 8,906 | |||
Qualified LV | 6,984.783 | 13.69 | 95,622 | |||
325,426.962 | $ 4,327,279 | |||||
ING Marsico International Opportunities Portfolio - | ||||||
Adviser Class | ||||||
Contracts in accumulation period: | ||||||
Qualified XXXV | 5,651.061 | $ 11.33 | $ 64,027 | |||
5,651.061 | $ 64,027 |
240
VARIABLE ANNUITY ACCOUNT C OF | ||||||
ING LIFE INSURANCE AND ANNUITY COMPANY | ||||||
Notes to Financial Statements | ||||||
Division/Contract | Units | Unit Value | Extended Value | |||
ING Marsico International Opportunities Portfolio - | ||||||
Service Class | ||||||
Contracts in accumulation period: | ||||||
ING Custom Choice 62 | 178.183 | $ 18.13 | $ 3,230 | |||
ING MAP PLUS NP11 | 105.496 | 18.45 | 1,946 | |||
ING MAP PLUS NP17 | 4,547.413 | 18.30 | 83,218 | |||
ING MAP PLUS NP18 | 152.352 | 18.27 | 2,783 | |||
ING MAP PLUS NP25 | 476.699 | 18.10 | 8,628 | |||
Qualified VI | 265,110.953 | 18.13 | 4,806,462 | |||
Qualified XII (0.00) | 96.840 | 18.74 | 1,815 | |||
Qualified XII (0.40) | 5,406.612 | 18.55 | 100,293 | |||
Qualified XII (0.50) | 53,994.306 | 18.50 | 998,895 | |||
Qualified XII (0.50) | 10.153 | 18.54 | 188 | |||
Qualified XII (0.55) | 191.280 | 18.47 | 3,533 | |||
Qualified XII (0.60) | 8,000.575 | 18.45 | 147,611 | |||
Qualified XII (0.65) | 6,125.313 | 18.42 | 112,828 | |||
Qualified XII (0.70) | 9,438.409 | 18.40 | 173,667 | |||
Qualified XII (0.75) | 4,331.369 | 18.37 | 79,567 | |||
Qualified XII (0.80) | 61,694.656 | 18.35 | 1,132,097 | |||
Qualified XII (0.85) | 29,751.463 | 18.32 | 545,047 | |||
Qualified XII (0.90) | 793.854 | 18.30 | 14,528 | |||
Qualified XII (0.95) | 37,300.598 | 18.27 | 681,482 | |||
Qualified XII (1.00) | 121,844.266 | 18.25 | 2,223,658 | |||
Qualified XII (1.05) | 7,821.078 | 18.23 | 142,578 | |||
Qualified XII (1.10) | 8,884.519 | 18.20 | 161,698 | |||
Qualified XII (1.15) | 5,989.671 | 18.18 | 108,892 | |||
Qualified XII (1.20) | 5,315.866 | 18.15 | 96,483 | |||
Qualified XII (1.25) | 9,110.197 | 18.13 | 165,168 | |||
Qualified XII (1.30) | 8.009 | 18.10 | 145 | |||
Qualified XII (1.40) | 1,277.051 | 18.06 | 23,064 | |||
Qualified XII (1.45) | 93.988 | 18.03 | 1,695 | |||
Qualified XV | 496.598 | 18.27 | 9,073 | |||
Qualified XVI | 14,572.510 | 18.01 | 262,451 | |||
Qualified XVII | 27.894 | 18.13 | 506 | |||
Qualified XXI | 6,948.675 | 18.35 | 127,508 | |||
Qualified XXV | 1,563.429 | 18.37 | 28,720 | |||
Qualified XXVI | 3,245.216 | 18.30 | 59,387 | |||
Qualified LIII | 6,290.101 | 18.62 | 117,122 | |||
Qualified LIV | 4,867.071 | 18.56 | 90,333 | |||
Qualified LV | 1,830.745 | 18.66 | 34,162 | |||
Qualified LVI | 2.626 | 18.67 | 49 | |||
687,896.034 | $ 12,550,510 | |||||
ING MFS Total Return Portfolio - Adviser Class | ||||||
Contracts in accumulation period: | ||||||
Qualified XXXV | 48,651.529 | $ 11.66 | $ 567,277 | |||
48,651.529 | $ 567,277 | |||||
ING MFS Total Return Portfolio - Institutional Class | ||||||
Contracts in accumulation period: | ||||||
Qualified XXVII | 3,775,909.359 | $ 11.13 | $ 42,025,871 | |||
Qualified XXVIII | 3,514,822.680 | 11.13 | 39,119,976 | |||
7,290,732.039 | $ 81,145,847 |
241
VARIABLE ANNUITY ACCOUNT C OF | ||||||
ING LIFE INSURANCE AND ANNUITY COMPANY | ||||||
Notes to Financial Statements | ||||||
Division/Contract | Units | Unit Value | Extended Value | |||
ING MFS Total Return Portfolio - Service Class | ||||||
Contracts in accumulation period: | ||||||
ING Custom Choice 62 | 1,846.845 | $ 12.87 | $ 23,769 | |||
ING MAP PLUS NP1 | 111.740 | 13.03 | 1,456 | |||
ING MAP PLUS NP9 | 36,016.620 | 12.83 | 462,093 | |||
ING MAP PLUS NP11 | 79.726 | 12.78 | 1,019 | |||
ING MAP PLUS NP12 | 2,540.342 | 12.76 | 32,415 | |||
ING MAP PLUS NP14 | 2,446.830 | 12.71 | 31,099 | |||
ING MAP PLUS NP17 | 422.392 | 12.63 | 5,335 | |||
ING MAP PLUS NP20 | 23,822.742 | 12.56 | 299,214 | |||
ING MAP PLUS NP22 | 23.910 | 12.51 | 299 | |||
ING MAP PLUS NP24 | 18.355 | 12.46 | 229 | |||
ING MAP PLUS NP25 | 9.892 | 12.44 | 123 | |||
ING MAP PLUS NP30 | 1,698.439 | 12.31 | 20,908 | |||
Qualified V | 74.173 | 14.19 | 1,053 | |||
Qualified VI | 1,018,077.494 | 14.90 | 15,169,355 | |||
Qualified X (1.15) | 18,744.197 | 12.72 | 238,426 | |||
Qualified X (1.25) | 76,569.146 | 12.68 | 970,897 | |||
Qualified XII (0.25) | 8,302.780 | 15.88 | 131,848 | |||
Qualified XII (0.40) | 6,012.696 | 15.78 | 94,880 | |||
Qualified XII (0.50) | 22,186.574 | 15.69 | 348,107 | |||
Qualified XII (0.55) | 2,214.273 | 15.67 | 34,698 | |||
Qualified XII (0.60) | 10,503.012 | 15.63 | 164,162 | |||
Qualified XII (0.65) | 15,526.343 | 15.60 | 242,211 | |||
Qualified XII (0.70) | 43,262.839 | 15.56 | 673,170 | |||
Qualified XII (0.75) | 12,277.543 | 15.53 | 190,670 | |||
Qualified XII (0.80) | 94,145.787 | 15.47 | 1,456,435 | |||
Qualified XII (0.85) | 64,577.353 | 15.41 | 995,137 | |||
Qualified XII (0.90) | 12,410.803 | 15.40 | 191,126 | |||
Qualified XII (0.95) | 146,291.434 | 15.34 | 2,244,111 | |||
Qualified XII (1.00) | 353,871.080 | 15.31 | 5,417,766 | |||
Qualified XII (1.05) | 21,491.877 | 15.27 | 328,181 | |||
Qualified XII (1.10) | 63,685.516 | 15.24 | 970,567 | |||
Qualified XII (1.15) | 27,026.677 | 15.21 | 411,076 | |||
Qualified XII (1.20) | 17,437.537 | 15.17 | 264,527 | |||
Qualified XII (1.25) | 84,449.493 | 15.14 | 1,278,565 | |||
Qualified XII (1.30) | 5,338.391 | 15.10 | 80,610 | |||
Qualified XII (1.35) | 1,045.346 | 15.07 | 15,753 | |||
Qualified XII (1.40) | 5,779.054 | 15.04 | 86,917 | |||
Qualified XII (1.45) | 1,879.573 | 15.00 | 28,194 | |||
Qualified XII (1.50) | 438.762 | 14.97 | 6,568 | |||
Qualified XVI | 20,312.605 | 14.72 | 299,002 | |||
Qualified XVII | 4,970.506 | 14.29 | 71,029 | |||
Qualified XXI | 5,599.394 | 14.60 | 81,751 | |||
Qualified XXV | 368.863 | 14.63 | 5,396 | |||
Qualified XXVI | 3,425.973 | 14.53 | 49,779 | |||
Qualified XXXII | 1,789.075 | 12.68 | 22,685 | |||
Qualified LIII | 5,071.398 | 12.11 | 61,415 | |||
Qualified LIV | 3,133.274 | 12.08 | 37,850 | |||
Qualified LV | 5,124.222 | 12.14 | 62,208 | |||
2,252,452.896 | $ 33,604,084 |
242
VARIABLE ANNUITY ACCOUNT C OF | ||||||
ING LIFE INSURANCE AND ANNUITY COMPANY | ||||||
Notes to Financial Statements | ||||||
Division/Contract | Units | Unit Value | Extended Value | |||
ING MFS Utilities Portfolio - Service Class | ||||||
Contracts in accumulation period: | ||||||
ING Custom Choice 62 | 1,425.749 | $ 18.54 | $ 26,433 | |||
Qualified V | 287.876 | 18.46 | 5,314 | |||
Qualified VI | 957,157.079 | 18.54 | 17,745,692 | |||
Qualified XII (0.00) | 863.646 | 19.17 | 16,556 | |||
Qualified XII (0.25) | 700.532 | 19.04 | 13,338 | |||
Qualified XII (0.30) | 252.869 | 19.02 | 4,810 | |||
Qualified XII (0.40) | 13,929.673 | 18.97 | 264,246 | |||
Qualified XII (0.50) | 3,861.284 | 18.96 | 73,210 | |||
Qualified XII (0.50) | 172,392.540 | 18.92 | 3,261,667 | |||
Qualified XII (0.55) | 6,747.720 | 18.89 | 127,464 | |||
Qualified XII (0.60) | 5,831.693 | 18.87 | 110,044 | |||
Qualified XII (0.65) | 5,048.584 | 18.84 | 95,115 | |||
Qualified XII (0.70) | 33,199.222 | 18.81 | 624,477 | |||
Qualified XII (0.75) | 13,078.767 | 18.79 | 245,750 | |||
Qualified XII (0.80) | 56,251.701 | 18.76 | 1,055,282 | |||
Qualified XII (0.85) | 66,332.869 | 18.74 | 1,243,078 | |||
Qualified XII (0.90) | 11,188.005 | 18.71 | 209,328 | |||
Qualified XII (0.95) | 147,063.283 | 18.69 | 2,748,613 | |||
Qualified XII (1.00) | 306,151.074 | 18.66 | 5,712,779 | |||
Qualified XII (1.05) | 12,129.732 | 18.64 | 226,098 | |||
Qualified XII (1.10) | 11,493.482 | 18.61 | 213,894 | |||
Qualified XII (1.15) | 22,458.250 | 18.59 | 417,499 | |||
Qualified XII (1.20) | 3,783.422 | 18.56 | 70,220 | |||
Qualified XII (1.25) | 34,877.031 | 18.54 | 646,620 | |||
Qualified XII (1.30) | 1,399.217 | 18.52 | 25,913 | |||
Qualified XII (1.35) | 21.107 | 18.49 | 390 | |||
Qualified XII (1.40) | 4,936.594 | 18.47 | 91,179 | |||
Qualified XII (1.45) | 153.290 | 18.44 | 2,827 | |||
Qualified XV | 3,630.230 | 18.69 | 67,849 | |||
Qualified XVI | 21,856.657 | 18.42 | 402,600 | |||
Qualified XVII | 2,741.962 | 18.54 | 50,836 | |||
Qualified XXI | 17,800.792 | 18.76 | 333,943 | |||
Qualified XXV | 16,274.511 | 18.79 | 305,798 | |||
Qualified XXVI | 11,415.863 | 18.71 | 213,591 | |||
Qualified LIII | 22,657.918 | 19.04 | 431,407 | |||
Qualified LIV | 7,943.701 | 18.99 | 150,851 | |||
Qualified LV | 15,035.505 | 19.08 | 286,877 | |||
Qualified LVI | 89.750 | 19.09 | 1,713 | |||
2,012,463.180 | $ 37,523,301 |
243
VARIABLE ANNUITY ACCOUNT C OF | ||||||
ING LIFE INSURANCE AND ANNUITY COMPANY | ||||||
Notes to Financial Statements | ||||||
Division/Contract | Units | Unit Value | Extended Value | |||
ING Oppenheimer Main Street Portfolio® - Service Class | ||||||
Contracts in accumulation period: | ||||||
ING MAP PLUS NP10 | 369.618 | $ 11.21 | $ 4,143 | |||
ING MAP PLUS NP11 | 5,235.158 | 11.20 | 58,634 | |||
ING MAP PLUS NP14 | 3,125.600 | 11.17 | 34,913 | |||
ING MAP PLUS NP17 | 2,620.101 | 11.15 | 29,214 | |||
ING MAP PLUS NP22 | 9,895.185 | 11.10 | 109,837 | |||
ING MAP PLUS NP24 | 732.406 | 11.08 | 8,115 | |||
ING MAP PLUS NP25 | 82.210 | 11.07 | 910 | |||
ING MAP PLUS NP26 | 381.448 | 11.06 | 4,219 | |||
ING MAP PLUS NP29 | 286.228 | 11.03 | 3,157 | |||
ING MAP PLUS NP32 | 112.662 | 11.01 | 1,240 | |||
Qualified VI | 61,552.182 | 12.83 | 789,714 | |||
Qualified XII (0.00) | 18.219 | 13.27 | 242 | |||
Qualified XII (0.25) | 25.446 | 13.18 | 335 | |||
Qualified XII (0.40) | 1,653.209 | 13.13 | 21,707 | |||
Qualified XII (0.50) | 2,127.327 | 13.09 | 27,847 | |||
Qualified XII (0.55) | 787.620 | 13.07 | 10,294 | |||
Qualified XII (0.60) | 4,718.051 | 13.06 | 61,618 | |||
Qualified XII (0.65) | 1,176.799 | 13.04 | 15,345 | |||
Qualified XII (0.70) | 7,244.777 | 13.02 | 94,327 | |||
Qualified XII (0.75) | 660.982 | 13.00 | 8,593 | |||
Qualified XII (0.80) | 2,606.139 | 12.99 | 33,854 | |||
Qualified XII (0.85) | 3,837.264 | 12.97 | 49,769 | |||
Qualified XII (0.90) | 380.359 | 12.95 | 4,926 | |||
Qualified XII (0.95) | 10,420.716 | 12.93 | 134,740 | |||
Qualified XII (1.00) | 19,783.204 | 12.92 | 255,599 | |||
Qualified XII (1.05) | 950.845 | 12.90 | 12,266 | |||
Qualified XII (1.10) | 4,722.255 | 12.88 | 60,823 | |||
Qualified XII (1.15) | 134.639 | 12.87 | 1,733 | |||
Qualified XII (1.20) | 1,403.186 | 12.85 | 18,031 | |||
Qualified XII (1.25) | 3,333.972 | 12.83 | 42,775 | |||
Qualified XII (1.30) | 115.123 | 12.81 | 1,475 | |||
Qualified XII (1.35) | 2.000 | 12.80 | 26 | |||
Qualified XII (1.40) | 1,800.617 | 12.78 | 23,012 | |||
Qualified XII (1.45) | 40.274 | 12.76 | 514 | |||
Qualified XV | 721.772 | 12.93 | 9,333 | |||
Qualified XVI | 4,279.886 | 12.75 | 54,569 | |||
Qualified XXI | 656.301 | 12.99 | 8,525 | |||
Qualified XXVI | 0.653 | 12.95 | 8 | |||
Qualified LV | 598.670 | 13.21 | 7,908 | |||
158,593.103 | $ 2,004,290 | |||||
ING PIMCO High Yield Portfolio - Institutional Class | ||||||
Contracts in accumulation period: | ||||||
Qualified XXVII | 37,526.050 | $ 10.80 | $ 405,281 | |||
Qualified XXVIII | 36,553.388 | 10.80 | 394,777 | |||
74,079.438 | $ 800,058 |
244
VARIABLE ANNUITY ACCOUNT C OF | ||||||
ING LIFE INSURANCE AND ANNUITY COMPANY | ||||||
Notes to Financial Statements | ||||||
Division/Contract | Units | Unit Value | Extended Value | |||
ING PIMCO High Yield Portfolio - Service Class | ||||||
Contracts in accumulation period: | ||||||
ING Custom Choice 62 | 702.036 | $ 11.46 | $ 8,045 | |||
ING MAP PLUS NP13 | 9,015.275 | 10.84 | 97,726 | |||
ING MAP PLUS NP14 | 2,300.105 | 10.83 | 24,910 | |||
ING MAP PLUS NP23 | 1,369.426 | 10.75 | 14,721 | |||
ING MAP PLUS NP28 | 9.035 | 10.71 | 97 | |||
Qualified VI | 216,385.294 | 11.46 | 2,479,775 | |||
Qualified XII (0.00) | 48.660 | 11.85 | 577 | |||
Qualified XII (0.25) | 994.747 | 11.77 | 11,708 | |||
Qualified XII (0.30) | 10.593 | 11.75 | 124 | |||
Qualified XII (0.40) | 7,059.005 | 11.72 | 82,732 | |||
Qualified XII (0.50) | 251.812 | 11.72 | 2,951 | |||
Qualified XII (0.50) | 59,052.193 | 11.69 | 690,320 | |||
Qualified XII (0.55) | 398.547 | 11.67 | 4,651 | |||
Qualified XII (0.60) | 2,590.111 | 11.66 | 30,201 | |||
Qualified XII (0.65) | 3,174.199 | 11.64 | 36,948 | |||
Qualified XII (0.70) | 17,644.778 | 11.63 | 205,209 | |||
Qualified XII (0.75) | 814.089 | 11.61 | 9,452 | |||
Qualified XII (0.80) | 11,073.811 | 11.60 | 128,456 | |||
Qualified XII (0.85) | 30,916.802 | 11.58 | 358,017 | |||
Qualified XII (0.90) | 2,865.697 | 11.57 | 33,156 | |||
Qualified XII (0.95) | 24,096.210 | 11.55 | 278,311 | |||
Qualified XII (1.00) | 57,289.584 | 11.53 | 660,549 | |||
Qualified XII (1.05) | 5,568.072 | 11.52 | 64,144 | |||
Qualified XII (1.10) | 975.723 | 11.50 | 11,221 | |||
Qualified XII (1.15) | 5,256.494 | 11.49 | 60,397 | |||
Qualified XII (1.20) | 1,035.039 | 11.47 | 11,872 | |||
Qualified XII (1.25) | 10,675.510 | 11.46 | 122,341 | |||
Qualified XII (1.30) | 37.948 | 11.44 | 434 | |||
Qualified XII (1.40) | 1,655.517 | 11.41 | 18,889 | |||
Qualified XII (1.45) | 598.897 | 11.40 | 6,827 | |||
Qualified XV | 1,763.571 | 11.55 | 20,369 | |||
Qualified XVI | 6,749.622 | 11.38 | 76,811 | |||
Qualified XXI | 3,053.741 | 11.60 | 35,423 | |||
Qualified XXV | 823.835 | 11.61 | 9,565 | |||
Qualified XXVI | 1,511.158 | 11.57 | 17,484 | |||
Qualified LIII | 992.262 | 11.77 | 11,679 | |||
Qualified LIV | 3,344.003 | 11.73 | 39,225 | |||
Qualified LV | 4,771.566 | 11.79 | 56,257 | |||
496,874.967 | $ 5,721,574 | |||||
ING Pioneer Equity Income Portfolio - Institutional Class | ||||||
Currently payable annuity contracts: | 361,926.282 | $9.05 to $9.18 | $ 3,316,599 | |||
Contracts in accumulation period: | ||||||
ING Custom Choice 62 | 7,900.632 | 9.11 | 71,975 | |||
ING MAP PLUS NP1 | 104,428.545 | 9.31 | 972,230 | |||
ING MAP PLUS NP6 | 16,981.667 | 9.27 | 157,420 | |||
ING MAP PLUS NP8 | 71,516.655 | 9.25 | 661,529 | |||
ING MAP PLUS NP10 | 239.959 | 9.24 | 2,217 | |||
ING MAP PLUS NP13 | 3,664.504 | 9.21 | 33,750 | |||
ING MAP PLUS NP14 | 10,501.483 | 9.20 | 96,614 |
245
VARIABLE ANNUITY ACCOUNT C OF | ||||||
ING LIFE INSURANCE AND ANNUITY COMPANY | ||||||
Notes to Financial Statements | ||||||
Division/Contract | Units | Unit Value | Extended Value | |||
ING Pioneer Equity Income Portfolio - Institutional Class | ||||||
(continued) | ||||||
ING MAP PLUS NP15 | 76.239 | $ 9.20 | $ 701 | |||
ING MAP PLUS NP16 | 22.420 | 9.19 | 206 | |||
ING MAP PLUS NP17 | 9,092.395 | 9.18 | 83,468 | |||
ING MAP PLUS NP18 | 98.105 | 9.17 | 900 | |||
ING MAP PLUS NP19 | 23,354.478 | 9.17 | 214,161 | |||
ING MAP PLUS NP20 | 6,706.171 | 9.16 | 61,429 | |||
ING MAP PLUS NP21 | 169.420 | 9.15 | 1,550 | |||
ING MAP PLUS NP22 | 4,115.276 | 9.14 | 37,614 | |||
ING MAP PLUS NP23 | 4,944.464 | 9.13 | 45,143 | |||
ING MAP PLUS NP24 | 91.573 | 9.13 | 836 | |||
ING MAP PLUS NP25 | 5,075.488 | 9.12 | 46,288 | |||
ING MAP PLUS NP26 | 1,332.604 | 9.11 | 12,140 | |||
ING MAP PLUS NP28 | 601.464 | 9.10 | 5,473 | |||
ING MAP PLUS NP30 | 276.513 | 9.08 | 2,511 | |||
ING MAP PLUS NP32 | 57.299 | 9.07 | 520 | |||
Qualified VI | 4,247,991.990 | 9.11 | 38,699,207 | |||
Qualified VIII | 8,042.148 | 9.11 | 73,264 | |||
Qualified X (1.15) | 152,878.318 | 9.13 | 1,395,779 | |||
Qualified X (1.25) | 386,351.615 | 9.11 | 3,519,663 | |||
Qualified XII (0.20) | 521.966 | 9.28 | 4,844 | |||
Qualified XII (0.25) | 6,663.467 | 9.27 | 61,770 | |||
Qualified XII (0.30) | 308,523.005 | 9.26 | 2,856,923 | |||
Qualified XII (0.35) | 11,223.298 | 9.25 | 103,816 | |||
Qualified XII (0.40) | 68,138.787 | 9.24 | 629,602 | |||
Qualified XII (0.50) | 1,744.221 | 9.23 | 16,099 | |||
Qualified XII (0.50) | 751,731.232 | 9.23 | 6,938,479 | |||
Qualified XII (0.55) | 207,429.217 | 9.22 | 1,912,497 | |||
Qualified XII (0.60) | 75,659.793 | 9.21 | 696,827 | |||
Qualified XII (0.65) | 176,115.843 | 9.21 | 1,622,027 | |||
Qualified XII (0.70) | 301,112.654 | 9.20 | 2,770,236 | |||
Qualified XII (0.75) | 70,919.609 | 9.19 | 651,751 | |||
Qualified XII (0.80) | 1,247,251.345 | 9.18 | 11,449,767 | |||
Qualified XII (0.85) | 452,256.980 | 9.17 | 4,147,197 | |||
Qualified XII (0.90) | 77,332.281 | 9.17 | 709,137 | |||
Qualified XII (0.95) | 729,986.264 | 9.16 | 6,686,674 | |||
Qualified XII (1.00) | 3,096,949.997 | 9.15 | 28,337,092 | |||
Qualified XII (1.05) | 163,904.593 | 9.14 | 1,498,088 | |||
Qualified XII (1.10) | 86,931.617 | 9.14 | 794,555 | |||
Qualified XII (1.15) | 239,700.041 | 9.13 | 2,188,461 | |||
Qualified XII (1.20) | 14,760.391 | 9.12 | 134,615 | |||
Qualified XII (1.25) | 134,203.232 | 9.11 | 1,222,591 | |||
Qualified XII (1.30) | 6,554.524 | 9.11 | 59,712 | |||
Qualified XII (1.35) | 939.368 | 9.10 | 8,548 | |||
Qualified XII (1.40) | 16,017.452 | 9.09 | 145,599 | |||
Qualified XII (1.45) | 4,319.191 | 9.08 | 39,218 | |||
Qualified XII (1.50) | 1,224.212 | 9.07 | 11,104 | |||
Qualified XV | 1,753.426 | 9.16 | 16,061 | |||
Qualified XVI | 70,193.481 | 9.07 | 636,655 | |||
Qualified XVII | 23,505.100 | 9.11 | 214,131 | |||
Qualified XVIII | 24,921.123 | 9.15 | 228,028 | |||
Qualified XXI | 60,116.094 | 9.18 | 551,866 |
246
VARIABLE ANNUITY ACCOUNT C OF | ||||||
ING LIFE INSURANCE AND ANNUITY COMPANY | ||||||
Notes to Financial Statements | ||||||
Division/Contract | Units | Unit Value | Extended Value | |||
ING Pioneer Equity Income Portfolio - Institutional Class | ||||||
(continued) | ||||||
Qualified XXV | 45,534.700 | $ 9.19 | $ 418,464 | |||
Qualified XXVI | 12,471.732 | 9.17 | 114,366 | |||
Qualified XXVII | 2,942,653.107 | 9.15 | 26,925,276 | |||
Qualified XXXII | 7,156.683 | 9.11 | 65,197 | |||
Qualified LIII | 11,409.418 | 9.26 | 105,651 | |||
Qualified LIV | 192,970.288 | 9.23 | 1,781,116 | |||
Qualified LV | 23,152.120 | 9.28 | 214,852 | |||
17,096,389.559 | $ 156,482,079 | |||||
ING Pioneer Fund Portfolio - Institutional Class | ||||||
Currently payable annuity contracts: | 21,926.600 | $ 12.51 | $ 274,302 | |||
Contracts in accumulation period: | ||||||
ING Custom Choice 62 | 865.626 | 11.23 | 9,721 | |||
ING MAP PLUS NP1 | 146,253.839 | 11.47 | 1,677,532 | |||
ING MAP PLUS NP8 | 14,813.803 | 11.40 | 168,877 | |||
ING MAP PLUS NP11 | 4,980.245 | 11.37 | 56,625 | |||
ING MAP PLUS NP12 | 12,315.357 | 11.36 | 139,902 | |||
ING MAP PLUS NP13 | 8,203.317 | 11.35 | 93,108 | |||
ING MAP PLUS NP14 | 7,981.610 | 11.34 | 90,511 | |||
ING MAP PLUS NP17 | 951.962 | 11.31 | 10,767 | |||
ING MAP PLUS NP18 | 2,341.165 | 11.30 | 26,455 | |||
ING MAP PLUS NP20 | 2,603.607 | 11.28 | 29,369 | |||
ING MAP PLUS NP24 | 488.291 | 11.25 | 5,493 | |||
ING MAP PLUS NP25 | 736.443 | 11.24 | 8,278 | |||
ING MAP PLUS NP28 | 1,165.442 | 11.21 | 13,065 | |||
Qualified VI | 304,477.084 | 11.23 | 3,419,278 | |||
Qualified VIII | 439.302 | 11.23 | 4,933 | |||
Qualified X (1.15) | 48,143.103 | 11.25 | 541,610 | |||
Qualified X (1.25) | 63,762.866 | 11.23 | 716,057 | |||
Qualified XII (0.00) | 62.413 | 11.47 | 716 | |||
Qualified XII (0.05) | 147,496.244 | 11.47 | 1,691,782 | |||
Qualified XII (0.20) | 2,963.577 | 11.43 | 33,874 | |||
Qualified XII (0.25) | 16,135.166 | 11.42 | 184,264 | |||
Qualified XII (0.30) | 1,540.431 | 11.41 | 17,576 | |||
Qualified XII (0.40) | 4,201.800 | 11.39 | 47,859 | |||
Qualified XII (0.50) | 98,451.050 | 11.37 | 1,119,388 | |||
Qualified XII (0.55) | 4,884.209 | 11.36 | 55,485 | |||
Qualified XII (0.60) | 2,499.878 | 11.35 | 28,374 | |||
Qualified XII (0.65) | 122,854.764 | 11.34 | 1,393,173 | |||
Qualified XII (0.70) | 39,397.640 | 11.33 | 446,375 | |||
Qualified XII (0.75) | 5,966.009 | 11.32 | 67,535 | |||
Qualified XII (0.80) | 42,367.024 | 11.31 | 479,171 | |||
Qualified XII (0.85) | 38,091.584 | 11.31 | 430,816 | |||
Qualified XII (0.90) | 4,466.362 | 11.30 | 50,470 | |||
Qualified XII (0.95) | 69,515.398 | 11.29 | 784,829 | |||
Qualified XII (1.00) | 102,303.700 | 11.28 | 1,153,986 | |||
Qualified XII (1.05) | 18,320.336 | 11.27 | 206,470 | |||
Qualified XII (1.10) | 4,510.144 | 11.26 | 50,784 |
247
VARIABLE ANNUITY ACCOUNT C OF | ||||||
ING LIFE INSURANCE AND ANNUITY COMPANY | ||||||
Notes to Financial Statements | ||||||
Division/Contract | Units | Unit Value | Extended Value | |||
ING Pioneer Fund Portfolio - Institutional Class | ||||||
(continued) | ||||||
Qualified XII (1.15) | 33,067.763 | $ 11.25 | $ 372,012 | |||
Qualified XII (1.20) | 3,634.458 | 11.24 | 40,851 | |||
Qualified XII (1.25) | 12,645.860 | 11.23 | 142,013 | |||
Qualified XII (1.30) | 1,020.291 | 11.22 | 11,448 | |||
Qualified XII (1.35) | 85.641 | 11.21 | 960 | |||
Qualified XII (1.40) | 2,391.550 | 11.20 | 26,785 | |||
Qualified XII (1.45) | 287.087 | 11.19 | 3,213 | |||
Qualified XV | 404.215 | 11.29 | 4,564 | |||
Qualified XVI | 10,326.119 | 11.18 | 115,446 | |||
Qualified XVII | 2,203.729 | 11.23 | 24,748 | |||
Qualified XVIII | 2,196.510 | 11.28 | 24,777 | |||
Qualified XXI | 1,739.415 | 11.31 | 19,673 | |||
Qualified XXV | 1,182.988 | 11.32 | 13,391 | |||
Qualified XXVI | 3,527.835 | 11.30 | 39,865 | |||
Qualified XXXII | 953.522 | 11.23 | 10,708 | |||
Qualified LIII | 734.874 | 11.41 | 8,385 | |||
Qualified LIV | 7,920.102 | 11.37 | 90,052 | |||
Qualified LV | 991.700 | 11.43 | 11,335 | |||
1,453,791.050 | $ 16,489,036 | |||||
ING Pioneer Fund Portfolio - Service Class | ||||||
Contracts in accumulation period: | ||||||
ING MAP PLUS NP25 | 208.089 | $ 11.20 | $ 2,331 | |||
Qualified XII (1.00) | 9,657.210 | 11.24 | 108,547 | |||
9,865.299 | $ 110,878 | |||||
ING Pioneer Mid Cap Value Portfolio - Institutional Class | ||||||
Currently payable annuity contracts: | 111,810.807 | $ 11.12 | $ 1,243,336 | |||
Contracts in accumulation period: | ||||||
ING Custom Choice 62 | 2,164.297 | 11.07 | 23,959 | |||
ING MAP PLUS NP1 | 10,856.450 | 11.30 | 122,678 | |||
ING MAP PLUS NP9 | 7,216.959 | 11.22 | 80,974 | |||
ING MAP PLUS NP11 | 16,070.604 | 11.20 | 179,991 | |||
ING MAP PLUS NP12 | 8,045.097 | 11.19 | 90,025 | |||
ING MAP PLUS NP13 | 8,193.928 | 11.19 | 91,690 | |||
ING MAP PLUS NP14 | 16,479.871 | 11.18 | 184,245 | |||
ING MAP PLUS NP16 | 21,763.954 | 11.16 | 242,886 | |||
ING MAP PLUS NP17 | 3,925.649 | 11.15 | 43,771 | |||
ING MAP PLUS NP18 | 423.134 | 11.14 | 4,714 | |||
ING MAP PLUS NP20 | 3,227.047 | 11.12 | 35,885 | |||
ING MAP PLUS NP21 | 400.219 | 11.11 | 4,446 | |||
ING MAP PLUS NP22 | 258.970 | 11.10 | 2,875 | |||
ING MAP PLUS NP23 | 354.399 | 11.09 | 3,930 | |||
ING MAP PLUS NP25 | 426.067 | 11.07 | 4,717 | |||
ING MAP PLUS NP26 | 487.568 | 11.06 | 5,393 | |||
ING MAP PLUS NP28 | 1,299.381 | 11.05 | 14,358 | |||
ING MAP PLUS NP29 | 173.864 | 11.04 | 1,919 | |||
ING MAP PLUS NP30 | 1,429.761 | 11.03 | 15,770 | |||
Qualified V | 300.471 | 11.04 | 3,317 | |||
Qualified VI | 2,070,299.438 | 11.07 | 22,918,215 | |||
Qualified VIII | 1,520.591 | 11.06 | 16,818 |
248
VARIABLE ANNUITY ACCOUNT C OF | ||||||
ING LIFE INSURANCE AND ANNUITY COMPANY | ||||||
Notes to Financial Statements | ||||||
Division/Contract | Units | Unit Value | Extended Value | |||
ING Pioneer Mid Cap Value Portfolio - Institutional Class | ||||||
(continued) | ||||||
Qualified X (1.15) | 64,313.121 | 11.08 | 712,589 | |||
Qualified X (1.25) | 190,454.005 | 11.07 | 2,108,326 | |||
Qualified XII (0.00) | 113.198 | 11.30 | 1,279 | |||
Qualified XII (0.05) | 27,101.873 | 11.30 | 306,251 | |||
Qualified XII (0.20) | 254.279 | 11.26 | 2,863 | |||
Qualified XII (0.25) | 21,495.671 | 11.25 | 241,826 | |||
Qualified XII (0.30) | 55,072.595 | 11.24 | 619,016 | |||
Qualified XII (0.40) | 20,337.949 | 11.22 | 228,192 | |||
Qualified XII (0.50) | 4,080.956 | 11.21 | 45,748 | |||
Qualified XII (0.50) | 939,901.444 | 11.21 | 10,536,295 | |||
Qualified XII (0.55) | 81,018.285 | 11.20 | 907,405 | |||
Qualified XII (0.60) | 76,916.417 | 11.19 | 860,695 | |||
Qualified XII (0.65) | 309,078.779 | 11.18 | 3,455,501 | |||
Qualified XII (0.70) | 80,830.506 | 11.17 | 902,877 | |||
Qualified XII (0.75) | 60,557.166 | 11.16 | 675,818 | |||
Qualified XII (0.80) | 897,440.072 | 11.15 | 10,006,457 | |||
Qualified XII (0.85) | 246,931.459 | 11.14 | 2,750,816 | |||
Qualified XII (0.90) | 29,503.052 | 11.13 | 328,369 | |||
Qualified XII (0.95) | 300,906.051 | 11.12 | 3,346,075 | |||
Qualified XII (1.00) | 1,488,087.109 | 11.11 | 16,532,648 | |||
Qualified XII (1.05) | 45,674.432 | 11.10 | 506,986 | |||
Qualified XII (1.10) | 48,003.549 | 11.09 | 532,359 | |||
Qualified XII (1.15) | 55,386.838 | 11.08 | 613,686 | |||
Qualified XII (1.20) | 17,868.282 | 11.08 | 197,981 | |||
Qualified XII (1.25) | 83,621.796 | 11.07 | 925,693 | |||
Qualified XII (1.30) | 16,676.949 | 11.06 | 184,447 | |||
Qualified XII (1.35) | 1,767.357 | 11.05 | 19,529 | |||
Qualified XII (1.40) | 14,109.509 | 11.04 | 155,769 | |||
Qualified XII (1.45) | 4,216.831 | 11.03 | 46,512 | |||
Qualified XV | 6,345.909 | 11.12 | 70,567 | |||
Qualified XVI | 64,006.605 | 11.02 | 705,353 | |||
Qualified XVII | 3,773.565 | 11.07 | 41,773 | |||
Qualified XVIII | 4,473.136 | 11.11 | 49,697 | |||
Qualified XXI | 29,967.932 | 11.15 | 334,142 | |||
Qualified XXV | 22,770.481 | 11.16 | 254,119 | |||
Qualified XXVI | 39,324.887 | 11.13 | 437,686 | |||
Qualified XXVII | 1,021,941.775 | 11.03 | 11,272,018 | |||
Qualified XXXII | 1,761.434 | 11.07 | 19,499 | |||
Qualified LIII | 8,915.123 | 11.24 | 100,206 | |||
Qualified LIV | 38,853.767 | 11.21 | 435,551 | |||
Qualified LV | 16,175.225 | 11.27 | 182,295 | |||
8,727,157.895 | $ 96,990,826 | |||||
ING Pioneer Mid Cap Value Portfolio - Service Class | ||||||
Contracts in accumulation period: | ||||||
ING MAP PLUS NP6 | 364.197 | $ 11.20 | $ 4,079 | |||
ING MAP PLUS NP15 | 113.668 | 11.12 | 1,264 | |||
ING MAP PLUS NP17 | 665.279 | 11.10 | 7,385 | |||
ING MAP PLUS NP25 | 301.160 | 11.03 | 3,322 | |||
ING MAP PLUS NP26 | 1.767 | 11.02 | 19 | |||
1,446.071 | $ 16,069 |
249
VARIABLE ANNUITY ACCOUNT C OF | ||||||
ING LIFE INSURANCE AND ANNUITY COMPANY | ||||||
Notes to Financial Statements | ||||||
Division/Contract | Units | Unit Value | Extended Value | |||
ING Stock Index Portfolio - Institutional Class | ||||||
Contracts in accumulation period: | ||||||
ING Custom Choice 62 | 1,432.471 | $ 13.66 | $ 19,568 | |||
Qualified XII (0.05) | 187,352.643 | 14.03 | 2,628,558 | |||
Qualified XII (0.25) | 58,801.688 | 13.93 | 819,108 | |||
Qualified XII (0.40) | 107.663 | 13.85 | 1,491 | |||
Qualified XII (0.75) | 1,266.384 | 13.68 | 17,324 | |||
Qualified XII (0.80) | 7,319.078 | 13.65 | 99,905 | |||
Qualified XII (1.00) | 161.170 | 13.55 | 2,184 | |||
256,441.097 | $ 3,588,138 | |||||
ING T. Rowe Price Capital Appreciation Portfolio - Service | ||||||
Class | ||||||
Contracts in accumulation period: | ||||||
ING Custom Choice 62 | 74,238.454 | $ 12.76 | $ 947,283 | |||
ING MAP PLUS NP1 | 108,710.121 | 13.16 | 1,430,625 | |||
ING MAP PLUS NP8 | 21,965.645 | 13.04 | 286,432 | |||
ING MAP PLUS NP9 | 3,013.609 | 13.02 | 39,237 | |||
ING MAP PLUS NP10 | 68.833 | 13.00 | 895 | |||
ING MAP PLUS NP11 | 20,045.655 | 12.99 | 260,393 | |||
ING MAP PLUS NP13 | 7,633.910 | 12.95 | 98,859 | |||
ING MAP PLUS NP14 | 7,244.873 | 12.93 | 93,676 | |||
ING MAP PLUS NP15 | 7,409.520 | 12.92 | 95,731 | |||
ING MAP PLUS NP16 | 2,285.974 | 12.90 | 29,489 | |||
ING MAP PLUS NP17 | 45,719.985 | 12.88 | 588,873 | |||
ING MAP PLUS NP18 | 1,841.772 | 12.86 | 23,685 | |||
ING MAP PLUS NP19 | 36,033.372 | 12.85 | 463,029 | |||
ING MAP PLUS NP22 | 1,803.498 | 12.80 | 23,085 | |||
ING MAP PLUS NP23 | 208.791 | 12.78 | 2,668 | |||
ING MAP PLUS NP24 | 16,832.619 | 12.76 | 214,784 | |||
ING MAP PLUS NP25 | 4,871.684 | 12.74 | 62,065 | |||
ING MAP PLUS NP26 | 4,201.346 | 12.73 | 53,483 | |||
ING MAP PLUS NP28 | 531.833 | 12.69 | 6,749 | |||
ING MAP PLUS NP29 | 46.277 | 12.68 | 587 | |||
ING MAP PLUS NP30 | 1,636.314 | 12.66 | 20,716 | |||
Qualified V | 1,156.396 | 12.71 | 14,698 | |||
Qualified VI | 4,518,240.788 | 12.76 | 57,652,752 | |||
Qualified VIII | 3,557.437 | 12.76 | 45,393 | |||
Qualified XII (0.00) | 2,555.998 | 13.20 | 33,739 | |||
Qualified XII (0.25) | 7,421.487 | 13.11 | 97,296 | |||
Qualified XII (0.30) | 62,812.228 | 13.09 | 822,212 | |||
Qualified XII (0.35) | 4,219.355 | 13.07 | 55,147 | |||
Qualified XII (0.40) | 37,436.736 | 13.05 | 488,549 | |||
Qualified XII (0.50) | 1,934,743.588 | 13.02 | 25,190,362 | |||
Qualified XII (0.55) | 19,136.448 | 13.00 | 248,774 | |||
Qualified XII (0.60) | 66,985.847 | 12.98 | 869,476 | |||
Qualified XII (0.65) | 17,163.485 | 12.97 | 222,610 | |||
Qualified XII (0.70) | 62,240.096 | 12.95 | 806,009 | |||
Qualified XII (0.75) | 30,673.645 | 12.93 | 396,610 | |||
Qualified XII (0.80) | 438,484.018 | 12.92 | 5,665,214 | |||
Qualified XII (0.85) | 309,824.134 | 12.90 | 3,996,731 |
250
VARIABLE ANNUITY ACCOUNT C OF | ||||||
ING LIFE INSURANCE AND ANNUITY COMPANY | ||||||
Notes to Financial Statements | ||||||
Division/Contract | Units | Unit Value | Extended Value | |||
ING T. Rowe Price Capital Appreciation Portfolio - Service | ||||||
Class | ||||||
Qualified XII (0.90) | 64,221.845 | 12.88 | 827,177 | |||
Qualified XII (0.95) | 406,759.810 | 12.86 | 5,230,931 | |||
Qualified XII (1.00) | 3,707,037.101 | 12.85 | 47,635,427 | |||
Qualified XII (1.05) | 246,957.305 | 12.83 | 3,168,462 | |||
Qualified XII (1.10) | 47,948.748 | 12.81 | 614,223 | |||
Qualified XII (1.15) | 103,973.903 | 12.79 | 1,329,826 | |||
Qualified XII (1.20) | 7,784.597 | 12.78 | 99,487 | |||
Qualified XII (1.25) | 288,645.547 | 12.76 | 3,683,117 | |||
Qualified XII (1.30) | 7,333.116 | 12.74 | 93,424 | |||
Qualified XII (1.35) | 3,616.785 | 12.73 | 46,042 | |||
Qualified XII (1.40) | 11,403.721 | 12.71 | 144,941 | |||
Qualified XII (1.45) | 514.444 | 12.69 | 6,528 | |||
Qualified XII (1.50) | 740.998 | 12.68 | 9,396 | |||
Qualified XV | 6,014.876 | 12.86 | 77,351 | |||
Qualified XVI | 80,976.228 | 12.68 | 1,026,779 | |||
Qualified XVII | 5,073.453 | 12.76 | 64,737 | |||
Qualified XXI | 27,063.093 | 12.92 | 349,655 | |||
Qualified XXV | 79,693.705 | 12.93 | 1,030,440 | |||
Qualified XXVI | 28,261.734 | 12.88 | 364,011 | |||
Qualified LIII | 12,552.545 | 13.11 | 164,564 | |||
Qualified LIV | 107,270.155 | 13.07 | 1,402,021 | |||
Qualified LV | 20,795.710 | 13.14 | 273,256 | |||
13,147,635.190 | $ 168,989,711 | |||||
ING T. Rowe Price Equity Income Portfolio - Adviser Class | ||||||
Contracts in accumulation period: | ||||||
Qualified XXXV | 93,006.741 | $ 12.38 | $ 1,151,423 | |||
93,006.741 | $ 1,151,423 |
251
VARIABLE ANNUITY ACCOUNT C OF | ||||||
ING LIFE INSURANCE AND ANNUITY COMPANY | ||||||
Notes to Financial Statements | ||||||
Division/Contract | Units | Unit Value | Extended Value | |||
ING T. Rowe Price Equity Income Portfolio - Service Class | ||||||
Contracts in accumulation period: | ||||||
ING Custom Choice 62 | 6,825.607 | $ 14.10 | $ 96,241 | |||
ING MAP PLUS NP6 | 30,255.382 | 14.20 | 429,626 | |||
ING MAP PLUS NP9 | 17,634.681 | 14.11 | 248,825 | |||
ING MAP PLUS NP10 | 3,404.414 | 14.09 | 47,968 | |||
ING MAP PLUS NP11 | 3,983.961 | 14.06 | 56,014 | |||
ING MAP PLUS NP13 | 4,489.138 | 14.00 | 62,848 | |||
ING MAP PLUS NP14 | 14,373.950 | 13.98 | 200,948 | |||
ING MAP PLUS NP17 | 3,410.819 | 13.90 | 47,410 | |||
ING MAP PLUS NP18 | 370.116 | 13.87 | 5,134 | |||
ING MAP PLUS NP19 | 31,713.395 | 13.84 | 438,913 | |||
ING MAP PLUS NP20 | 1,984.863 | 13.81 | 27,411 | |||
ING MAP PLUS NP21 | 1,208.321 | 13.79 | 16,663 | |||
ING MAP PLUS NP22 | 1,315.054 | 13.76 | 18,095 | |||
ING MAP PLUS NP24 | 1,382.102 | 13.71 | 18,949 | |||
ING MAP PLUS NP26 | 192.453 | 13.65 | 2,627 | |||
ING MAP PLUS NP28 | 18,935.096 | 13.60 | 257,517 | |||
ING MAP PLUS NP29 | 51.291 | 13.57 | 696 | |||
ING MAP PLUS NP30 | 2,710.149 | 13.55 | 36,723 | |||
ING MAP PLUS NP32 | 90.081 | 13.49 | 1,215 | |||
Qualified V | 270.582 | 16.84 | 4,557 | |||
Qualified VI | 914,725.591 | 18.05 | 16,510,797 | |||
Qualified X (1.15) | 21,011.750 | 13.98 | 293,744 | |||
Qualified X (1.25) | 67,678.455 | 13.93 | 942,761 | |||
Qualified XII (0.00) | 165.044 | 19.12 | 3,156 | |||
Qualified XII (0.05) | 88,041.615 | 19.00 | 1,672,791 | |||
Qualified XII (0.25) | 46,885.884 | 18.91 | 886,612 | |||
Qualified XII (0.30) | 13,792.941 | 18.87 | 260,273 | |||
Qualified XII (0.40) | 5,556.499 | 18.78 | 104,351 | |||
Qualified XII (0.50) | 150,263.162 | 18.68 | 2,806,916 | |||
Qualified XII (0.55) | 12,959.807 | 18.66 | 241,830 | |||
Qualified XII (0.60) | 13,476.472 | 18.61 | 250,797 | |||
Qualified XII (0.65) | 14,501.713 | 18.57 | 269,297 | |||
Qualified XII (0.70) | 43,509.266 | 18.53 | 806,227 | |||
Qualified XII (0.75) | 9,372.601 | 18.49 | 173,299 | |||
Qualified XII (0.80) | 56,563.679 | 18.42 | 1,041,903 | |||
Qualified XII (0.85) | 56,015.494 | 18.35 | 1,027,884 | |||
Qualified XII (0.90) | 15,622.759 | 18.33 | 286,365 | |||
Qualified XII (0.95) | 3,423,228.990 | 18.27 | 62,542,394 | |||
Qualified XII (1.00) | 299,384.994 | 18.23 | 5,457,788 | |||
Qualified XII (1.05) | 15,002.037 | 18.19 | 272,887 | |||
Qualified XII (1.10) | 34,316.544 | 18.15 | 622,845 | |||
Qualified XII (1.15) | 37,593.934 | 18.11 | 680,826 |
252
VARIABLE ANNUITY ACCOUNT C OF | ||||||
ING LIFE INSURANCE AND ANNUITY COMPANY | ||||||
Notes to Financial Statements | ||||||
Division/Contract | Units | Unit Value | Extended Value | |||
ING T. Rowe Price Equity Income Portfolio - Service Class | ||||||
(continued) | ||||||
Qualified XII (1.20) | 14,079.789 | $ 18.07 | $ 254,422 | |||
Qualified XII (1.25) | 49,380.145 | 18.02 | 889,830 | |||
Qualified XII (1.30) | 204.660 | 17.98 | 3,680 | |||
Qualified XII (1.35) | 489.588 | 17.94 | 8,783 | |||
Qualified XII (1.40) | 5,547.025 | 17.90 | 99,292 | |||
Qualified XII (1.45) | 80.480 | 17.86 | 1,437 | |||
Qualified XII (1.50) | 378.196 | 17.82 | 6,739 | |||
Qualified XV | 7,532.654 | 17.21 | 129,637 | |||
Qualified XVI | 15,775.299 | 17.84 | 281,431 | |||
Qualified XVII | 1,072.212 | 16.97 | 18,195 | |||
Qualified XVIII | 3,234.039 | 14.05 | 45,438 | |||
Qualified XXI | 21,525.219 | 17.33 | 373,032 | |||
Qualified XXV | 1,244.570 | 17.37 | 21,618 | |||
Qualified XXVI | 4,651.448 | 17.25 | 80,237 | |||
Qualified XXXII | 2,912.189 | 13.93 | 40,567 | |||
Qualified LIII | 3,174.984 | 13.06 | 41,465 | |||
Qualified LIV | 10,952.586 | 13.02 | 142,603 | |||
Qualified LV | 6,983.378 | 13.09 | 91,412 | |||
5,633,489.147 | $ 101,703,941 | |||||
ING Templeton Global Growth Portfolio - Institutional | ||||||
Class | ||||||
Contracts in accumulation period: | ||||||
ING MAP PLUS NP9 | 1,301.655 | $ 16.94 | $ 22,050 | |||
ING MAP PLUS NP14 | 1,161.060 | 16.87 | 19,587 | |||
ING MAP PLUS NP16 | 23,406.187 | 16.85 | 394,394 | |||
ING MAP PLUS NP17 | 4,871.377 | 16.83 | 81,985 | |||
ING MAP PLUS NP18 | 40.671 | 16.82 | 684 | |||
ING MAP PLUS NP19 | 1,483.388 | 16.80 | 24,921 | |||
ING MAP PLUS NP20 | 27,159.395 | 16.79 | 456,006 | |||
ING MAP PLUS NP21 | 2,458.823 | 16.77 | 41,234 | |||
ING MAP PLUS NP22 | 2,106.524 | 16.76 | 35,305 | |||
ING MAP PLUS NP23 | 2,242.763 | 16.75 | 37,566 | |||
ING MAP PLUS NP25 | 1,403.965 | 16.72 | 23,474 | |||
ING MAP PLUS NP26 | 1,780.593 | 16.70 | 29,736 | |||
ING MAP PLUS NP28 | 12.583 | 16.68 | 210 | |||
ING MAP PLUS NP30 | 28.572 | 16.65 | 476 | |||
ING MAP PLUS NP32 | 127.576 | 16.62 | 2,120 | |||
Qualified XII (1.00) | 994.460 | 16.78 | 16,687 | |||
70,579.592 | $ 1,186,435 |
253
VARIABLE ANNUITY ACCOUNT C OF | ||||||
ING LIFE INSURANCE AND ANNUITY COMPANY | ||||||
Notes to Financial Statements | ||||||
Division/Contract | Units | Unit Value | Extended Value | |||
ING Templeton Global Growth Portfolio - Service Class | ||||||
Contracts in accumulation period: | ||||||
ING MAP PLUS NP23 | 87.150 | $ 11.21 | $ 977 | |||
ING MAP PLUS NP26 | 3.887 | 11.18 | 43 | |||
Qualified VI | 124,064.763 | 11.18 | 1,387,044 | |||
Qualified VIII | 1,072.750 | 11.18 | 11,993 | |||
Qualified XII (0.40) | 403.928 | 11.34 | 4,581 | |||
Qualified XII (0.50) | 2,210.643 | 11.33 | 25,047 | |||
Qualified XII (0.55) | 191.042 | 11.32 | 2,163 | |||
Qualified XII (0.60) | 228.306 | 11.31 | 2,582 | |||
Qualified XII (0.65) | 1,937.526 | 11.30 | 21,894 | |||
Qualified XII (0.70) | 1,556.397 | 11.29 | 17,572 | |||
Qualified XII (0.75) | 2,428.015 | 11.28 | 27,388 | |||
Qualified XII (0.80) | 2,870.163 | 11.27 | 32,347 | |||
Qualified XII (0.85) | 26,158.106 | 11.26 | 294,540 | |||
Qualified XII (0.90) | 491.376 | 11.25 | 5,528 | |||
Qualified XII (0.95) | 29,563.754 | 11.24 | 332,297 | |||
Qualified XII (1.00) | 33,965.505 | 11.23 | 381,433 | |||
Qualified XII (1.05) | 1,253.892 | 11.22 | 14,069 | |||
Qualified XII (1.10) | 2,432.109 | 11.21 | 27,264 | |||
Qualified XII (1.15) | 1,389.086 | 11.20 | 15,558 | |||
Qualified XII (1.20) | 19.223 | 11.19 | 215 | |||
Qualified XII (1.25) | 6,748.743 | 11.18 | 75,451 | |||
Qualified XII (1.30) | 400.359 | 11.17 | 4,472 | |||
Qualified XII (1.40) | 1,050.008 | 11.16 | 11,718 | |||
Qualified XV | 13.423 | 11.24 | 151 | |||
Qualified XVI | 1,258.108 | 11.14 | 14,015 | |||
Qualified XVII | 1,343.672 | 11.18 | 15,022 | |||
Qualified XXI | 2,539.654 | 11.27 | 28,622 | |||
Qualified XXV | 4,197.775 | 11.28 | 47,351 | |||
Qualified XXVI | 552.988 | 11.25 | 6,221 | |||
Qualified LIII | 66.673 | 11.36 | 757 | |||
Qualified LIV | 1,845.141 | 11.33 | 20,905 | |||
Qualified LV | 304.910 | 11.39 | 3,473 | |||
252,649.075 | $ 2,832,693 | |||||
ING Van Kampen Capital Growth Portfolio - Service Class | ||||||
Contracts in accumulation period: | ||||||
Qualified XII (0.00) | 1.961 | $ 13.76 | $ 27 | |||
Qualified XII (0.50) | 6,344.146 | 13.67 | 86,724 | |||
6,346.107 | $ 86,751 |
254
VARIABLE ANNUITY ACCOUNT C OF | ||||||
ING LIFE INSURANCE AND ANNUITY COMPANY | ||||||
Notes to Financial Statements | ||||||
Division/Contract | Units | Unit Value | Extended Value | |||
ING Van Kampen Growth and Income Portfolio - Service | ||||||
Class | ||||||
Contracts in accumulation period: | ||||||
ING Custom Choice 62 | 1,572.706 | $ 12.82 | $ 20,162 | |||
Qualified VI | 466,277.693 | 12.82 | 5,977,680 | |||
Qualified XII (0.00) | 152.517 | 13.25 | 2,021 | |||
Qualified XII (0.25) | 199.291 | 13.16 | 2,623 | |||
Qualified XII (0.40) | 2,052.818 | 13.11 | 26,912 | |||
Qualified XII (0.50) | 207.756 | 13.10 | 2,722 | |||
Qualified XII (0.50) | 293,846.758 | 13.08 | 3,843,516 | |||
Qualified XII (0.55) | 1,403.730 | 13.06 | 18,333 | |||
Qualified XII (0.60) | 14,557.929 | 13.04 | 189,835 | |||
Qualified XII (0.65) | 16,796.985 | 13.02 | 218,697 | |||
Qualified XII (0.70) | 24,645.988 | 13.01 | 320,644 | |||
Qualified XII (0.75) | 1,531.159 | 12.99 | 19,890 | |||
Qualified XII (0.80) | 20,338.012 | 12.97 | 263,784 | |||
Qualified XII (0.85) | 28,158.544 | 12.95 | 364,653 | |||
Qualified XII (0.90) | 4,845.498 | 12.94 | 62,701 | |||
Qualified XII (0.95) | 54,251.843 | 12.92 | 700,934 | |||
Qualified XII (1.00) | 302,905.367 | 12.90 | 3,907,479 | |||
Qualified XII (1.05) | 5,724.731 | 12.88 | 73,735 | |||
Qualified XII (1.10) | 3,807.952 | 12.87 | 49,008 | |||
Qualified XII (1.15) | 16,289.566 | 12.85 | 209,321 | |||
Qualified XII (1.20) | 1,550.261 | 12.83 | 19,890 | |||
Qualified XII (1.25) | 20,052.080 | 12.82 | 257,068 | |||
Qualified XII (1.30) | 412.710 | 12.80 | 5,283 | |||
Qualified XII (1.35) | 156.851 | 12.78 | 2,005 | |||
Qualified XII (1.40) | 1,871.565 | 12.76 | 23,881 | |||
Qualified XV | 1,362.486 | 12.92 | 17,603 | |||
Qualified XVI | 17,066.273 | 12.73 | 217,254 | |||
Qualified XVII | 2,772.169 | 12.82 | 35,539 | |||
Qualified XXI | 6,303.454 | 12.97 | 81,756 | |||
Qualified XXV | 7,133.988 | 12.99 | 92,671 | |||
Qualified XXVI | 154.833 | 12.94 | 2,004 | |||
Qualified LIII | 846.261 | 13.16 | 11,137 | |||
Qualified LIV | 15,927.676 | 13.12 | 208,971 | |||
Qualified LV | 2,894.702 | 13.19 | 38,181 | |||
1,338,072.152 | $ 17,287,893 | |||||
ING Van Kampen Real Estate Portfolio - Institutional Class | ||||||
Currently payable annuity contracts: | 93,506.993 | $9.91 to $10.08 | $ 942,140 | |||
93,506.993 | $ 942,140 |
255
VARIABLE ANNUITY ACCOUNT C OF | ||||||
ING LIFE INSURANCE AND ANNUITY COMPANY | ||||||
Notes to Financial Statements | ||||||
Division/Contract | Units | Unit Value | Extended Value | |||
ING Van Kampen Real Estate Portfolio - Service Class | ||||||
Contracts in accumulation period: | ||||||
ING Custom Choice 62 | 4,190.495 | $ 9.99 | $ 41,863 | |||
ING MAP PLUS NP1 | 63,687.007 | 10.20 | 649,607 | |||
ING MAP PLUS NP8 | 8,973.600 | 10.14 | 90,992 | |||
ING MAP PLUS NP9 | 266.199 | 10.13 | 2,697 | |||
ING MAP PLUS NP11 | 2,249.797 | 10.12 | 22,768 | |||
ING MAP PLUS NP13 | 4,073.106 | 10.10 | 41,138 | |||
ING MAP PLUS NP14 | 17,690.160 | 10.09 | 178,494 | |||
ING MAP PLUS NP16 | 7.092 | 10.07 | 71 | |||
ING MAP PLUS NP17 | 3,183.277 | 10.07 | 32,056 | |||
ING MAP PLUS NP18 | 2,324.909 | 10.06 | 23,389 | |||
ING MAP PLUS NP20 | 2,625.571 | 10.04 | 26,361 | |||
ING MAP PLUS NP21 | 262.481 | 10.03 | 2,633 | |||
ING MAP PLUS NP22 | 8,181.664 | 10.02 | 81,980 | |||
ING MAP PLUS NP24 | 1,504.002 | 10.01 | 15,055 | |||
ING MAP PLUS NP26 | 145.119 | 9.99 | 1,450 | |||
ING MAP PLUS NP28 | 62.061 | 9.97 | 619 | |||
Qualified V | 50.167 | 9.96 | 500 | |||
Qualified VI | 533,726.691 | 9.99 | 5,331,930 | |||
Qualified XII (0.00) | 8.433 | 10.20 | 86 | |||
Qualified XII (0.25) | 297.420 | 10.16 | 3,022 | |||
Qualified XII (0.40) | 3,913.488 | 10.13 | 39,644 | |||
Qualified XII (0.50) | 1,400.382 | 10.12 | 14,172 | |||
Qualified XII (0.50) | 653,933.019 | 10.12 | 6,617,802 | |||
Qualified XII (0.55) | 5,402.148 | 10.11 | 54,616 | |||
Qualified XII (0.60) | 1,366.027 | 10.10 | 13,797 | |||
Qualified XII (0.65) | 9,710.936 | 10.09 | 97,983 | |||
Qualified XII (0.70) | 17,287.056 | 10.08 | 174,254 | |||
Qualified XII (0.75) | 12,392.443 | 10.07 | 124,792 | |||
Qualified XII (0.80) | 57,052.297 | 10.07 | 574,517 | |||
Qualified XII (0.85) | 59,647.209 | 10.06 | 600,051 | |||
Qualified XII (0.90) | 7,157.201 | 10.05 | 71,930 | |||
Qualified XII (0.95) | 85,158.759 | 10.04 | 854,994 | |||
Qualified XII (1.00) | 377,822.220 | 10.03 | 3,789,557 | |||
Qualified XII (1.05) | 14,211.115 | 10.02 | 142,395 | |||
Qualified XII (1.10) | 10,628.032 | 10.02 | 106,493 | |||
Qualified XII (1.15) | 22,024.652 | 10.01 | 220,467 | |||
Qualified XII (1.20) | 729.759 | 10.00 | 7,298 | |||
Qualified XII (1.25) | 26,249.407 | 9.99 | 262,232 | |||
Qualified XII (1.30) | 2,871.790 | 9.98 | 28,660 | |||
Qualified XII (1.40) | 2,215.633 | 9.97 | 22,090 | |||
Qualified XII (1.45) | 13.154 | 9.96 | 131 | |||
Qualified XII (1.50) | 41.662 | 9.95 | 415 |
256
VARIABLE ANNUITY ACCOUNT C OF | ||||||
ING LIFE INSURANCE AND ANNUITY COMPANY | ||||||
Notes to Financial Statements | ||||||
Division/Contract | Units | Unit Value | Extended Value | |||
ING Van Kampen Real Estate Portfolio - Service Class | ||||||
(continued) | ||||||
Qualified XV | 4,572.545 | 10.04 | 45,908 | |||
Qualified XVI | 7,615.892 | 9.95 | 75,778 | |||
Qualified XVII | 2,030.182 | 9.99 | 20,282 | |||
Qualified XXI | 3,511.022 | 10.07 | 35,356 | |||
Qualified XXV | 14,506.603 | 10.07 | 146,081 | |||
Qualified XXVI | 2,317.313 | 10.05 | 23,289 | |||
Qualified LIII | 2,109.697 | 10.15 | 21,413 | |||
Qualified LIV | 3,163.694 | 10.12 | 32,017 | |||
Qualified LV | 7,187.321 | 10.17 | 73,095 | |||
2,071,751.909 | $ 20,838,220 | |||||
ING VP Index Plus International Equity Portfolio - | ||||||
Institutional Class | ||||||
Currently payable annuity contracts: | 155,932.869 | $9.41 to $9.42 | $ 1,468,712 | |||
Contracts in accumulation period: | ||||||
ING Custom Choice 62 | 427.438 | 10.81 | 4,621 | |||
Qualified VI | 573,602.457 | 10.81 | 6,200,643 | |||
Qualified VIII | 16.528 | 10.81 | 179 | |||
Qualified X (1.15) | 24,281.583 | 9.55 | 231,889 | |||
Qualified X (1.25) | 109,701.364 | 10.81 | 1,185,872 | |||
Qualified XII (0.00) | 34.177 | 10.86 | 371 | |||
Qualified XII (0.05) | 20,283.994 | 10.86 | 220,284 | |||
Qualified XII (0.20) | 893.989 | 10.85 | 9,700 | |||
Qualified XII (0.25) | 232.334 | 10.85 | 2,521 | |||
Qualified XII (0.30) | 2,809.171 | 10.85 | 30,480 | |||
Qualified XII (0.35) | 379.266 | 10.84 | 4,111 | |||
Qualified XII (0.40) | 7,113.232 | 10.84 | 77,107 | |||
Qualified XII (0.50) | 577.520 | 10.65 | 6,151 | |||
Qualified XII (0.50) | 30,078.832 | 10.84 | 326,055 | |||
Qualified XII (0.55) | 10,062.587 | 10.84 | 109,078 | |||
Qualified XII (0.60) | 10,478.270 | 10.83 | 113,480 | |||
Qualified XII (0.65) | 3,108.962 | 10.83 | 33,670 | |||
Qualified XII (0.70) | 50,111.472 | 10.83 | 542,707 | |||
Qualified XII (0.75) | 75,220.949 | 10.83 | 814,643 | |||
Qualified XII (0.80) | 108,324.426 | 10.83 | 1,173,154 | |||
Qualified XII (0.85) | 98,437.673 | 10.82 | 1,065,096 | |||
Qualified XII (0.90) | 7,774.344 | 10.82 | 84,118 | |||
Qualified XII (0.95) | 135,296.180 | 10.82 | 1,463,905 | |||
Qualified XII (1.00) | 155,783.676 | 10.82 | 1,685,579 | |||
Qualified XII (1.05) | 14,617.994 | 10.82 | 158,167 | |||
Qualified XII (1.10) | 12,330.622 | 10.81 | 133,294 | |||
Qualified XII (1.15) | 29,550.451 | 10.81 | 319,440 | |||
Qualified XII (1.20) | 5,555.103 | 10.81 | 60,051 | |||
Qualified XII (1.25) | 17,206.527 | 10.81 | 186,003 | |||
Qualified XII (1.35) | 47.999 | 10.80 | 518 |
257
VARIABLE ANNUITY ACCOUNT C OF | ||||||
ING LIFE INSURANCE AND ANNUITY COMPANY | ||||||
Notes to Financial Statements | ||||||
Division/Contract | Units | Unit Value | Extended Value | |||
ING VP Index Plus International Equity Portfolio - | ||||||
Institutional Class (continued) | ||||||
Qualified XII (1.40) | 5,898.150 | $ 10.80 | $ 63,700 | |||
Qualified XII (1.45) | 417.760 | 10.80 | 4,512 | |||
Qualified XII (1.50) | 88.380 | 10.80 | 955 | |||
Qualified XV | 5,725.054 | 10.82 | 61,945 | |||
Qualified XVI | 12,915.177 | 10.80 | 139,484 | |||
Qualified XVII | 2,715.751 | 10.81 | 29,357 | |||
Qualified XVIII | 8,128.571 | 9.55 | 77,628 | |||
Qualified XXI | 14,683.571 | 10.83 | 159,023 | |||
Qualified XXV | 542.861 | 10.83 | 5,879 | |||
Qualified XXVI | 259.696 | 10.82 | 2,810 | |||
Qualified XXVII | 394,244.909 | 9.48 | 3,737,442 | |||
Qualified XXXII | 3,707.123 | 9.55 | 35,403 | |||
Qualified XXXVI | 4,063.041 | 10.84 | 44,043 | |||
Qualified LIII | 12,036.202 | 10.84 | 130,472 | |||
Qualified LIV | 6,619.390 | 10.83 | 71,688 | |||
Qualified LV | 4,708.024 | 10.85 | 51,082 | |||
Qualified LVI | 3,262.068 | 10.85 | 35,393 | |||
2,140,287.717 | $ 22,362,415 |
258
VARIABLE ANNUITY ACCOUNT C OF | ||||||
ING LIFE INSURANCE AND ANNUITY COMPANY | ||||||
Notes to Financial Statements | ||||||
Division/Contract | Units | Unit Value | Extended Value | |||
ING VP Index Plus International Equity Portfolio - Service | ||||||
Class | ||||||
Contracts in accumulation period: | ||||||
ING MAP PLUS NP28 | 1,620.698 | $ 11.58 | $ 18,768 | |||
Qualified VI | 256,095.527 | 11.60 | 2,970,708 | |||
Qualified X (1.15) | 11,821.633 | 11.62 | 137,367 | |||
Qualified X (1.25) | 34,384.878 | 11.60 | 398,865 | |||
Qualified XII (0.25) | 730.025 | 11.80 | 8,614 | |||
Qualified XII (0.40) | 1,834.812 | 11.77 | 21,596 | |||
Qualified XII (0.50) | 1,221.555 | 11.75 | 14,353 | |||
Qualified XII (0.50) | 4,081.602 | 11.75 | 47,959 | |||
Qualified XII (0.55) | 850.144 | 11.74 | 9,981 | |||
Qualified XII (0.60) | 603.400 | 11.73 | 7,078 | |||
Qualified XII (0.65) | 5,031.810 | 11.72 | 58,973 | |||
Qualified XII (0.70) | 695.496 | 11.71 | 8,144 | |||
Qualified XII (0.75) | 4,571.215 | 11.70 | 53,483 | |||
Qualified XII (0.80) | 12,334.007 | 11.69 | 144,185 | |||
Qualified XII (0.85) | 24,297.164 | 11.68 | 283,791 | |||
Qualified XII (0.90) | 1,602.214 | 11.67 | 18,698 | |||
Qualified XII (0.95) | 45,402.457 | 11.66 | 529,393 | |||
Qualified XII (1.00) | 110,878.876 | 11.65 | 1,291,739 | |||
Qualified XII (1.05) | 4,595.011 | 11.64 | 53,486 | |||
Qualified XII (1.10) | 7,518.729 | 11.63 | 87,443 | |||
Qualified XII (1.15) | 13,846.849 | 11.62 | 160,900 | |||
Qualified XII (1.20) | 744.203 | 11.61 | 8,640 | |||
Qualified XII (1.25) | 3,272.778 | 11.60 | 37,964 | |||
Qualified XII (1.30) | 805.719 | 11.59 | 9,338 | |||
Qualified XII (1.35) | 743.793 | 11.59 | 8,621 | |||
Qualified XII (1.40) | 2,599.004 | 11.58 | 30,096 | |||
Qualified XVI | 7,844.193 | 11.56 | 90,679 | |||
Qualified XVII | 939.911 | 11.60 | 10,903 | |||
Qualified XVIII | 11,439.969 | 11.65 | 133,276 | |||
Qualified XXI | 3,254.464 | 11.69 | 38,045 | |||
Qualified XXV | 2,862.001 | 11.70 | 33,485 | |||
Qualified XXVI | 1,014.417 | 11.67 | 11,838 | |||
Qualified XXVII | 1.231 | 11.88 | 15 | |||
Qualified XXXII | 528.223 | 11.60 | 6,127 | |||
Qualified XXXV | 4,346.674 | 10.84 | 47,118 | |||
Qualified LIII | 19,082.435 | 11.79 | 224,982 | |||
Qualified LIV | 3,960.362 | 11.75 | 46,534 | |||
Qualified LV | 4,443.181 | 11.81 | 52,474 | |||
611,900.660 | $ 7,115,659 | |||||
ING Wells Fargo Disciplined Value Portfolio - Adviser | ||||||
Class | ||||||
Contracts in accumulation period: | ||||||
Qualified XXXV | 292.616 | $ 8.97 | $ 2,625 | |||
292.616 | $ 2,625 |
259
VARIABLE ANNUITY ACCOUNT C OF | ||||||
ING LIFE INSURANCE AND ANNUITY COMPANY | ||||||
Notes to Financial Statements | ||||||
Division/Contract | Units | Unit Value | Extended Value | |||
ING Wells Fargo Disciplined Value Portfolio - Service Class | ||||||
Contracts in accumulation period: | ||||||
ING MAP PLUS NP13 | 512.357 | $ 10.33 | $ 5,293 | |||
ING MAP PLUS NP22 | 1,660.279 | 10.26 | 17,034 | |||
Qualified VI | 19,449.180 | 10.22 | 198,771 | |||
Qualified XII (0.00) | 3.736 | 10.44 | 39 | |||
Qualified XII (0.40) | 66.566 | 10.37 | 690 | |||
Qualified XII (0.50) | 42,284.951 | 10.35 | 437,649 | |||
Qualified XII (0.55) | 566.816 | 10.34 | 5,861 | |||
Qualified XII (0.60) | 136.465 | 10.34 | 1,411 | |||
Qualified XII (0.65) | 692.104 | 10.33 | 7,149 | |||
Qualified XII (0.70) | 200.365 | 10.32 | 2,068 | |||
Qualified XII (0.75) | 6.117 | 10.31 | 63 | |||
Qualified XII (0.80) | 10,063.652 | 10.30 | 103,656 | |||
Qualified XII (0.85) | 6,218.307 | 10.29 | 63,986 | |||
Qualified XII (0.90) | 127.980 | 10.28 | 1,316 | |||
Qualified XII (0.95) | 2,961.011 | 10.27 | 30,410 | |||
Qualified XII (1.00) | 20,730.345 | 10.27 | 212,901 | |||
Qualified XII (1.15) | 512.115 | 10.24 | 5,244 | |||
Qualified XII (1.20) | 693.799 | 10.23 | 7,098 | |||
Qualified XII (1.25) | 966.388 | 10.22 | 9,876 | |||
Qualified XII (1.30) | 4.600 | 10.21 | 47 | |||
Qualified XII (1.40) | 3.843 | 10.20 | 39 | |||
Qualified XVI | 24.491 | 10.18 | 249 | |||
Qualified XXI | 7.949 | 10.30 | 82 | |||
Qualified XXV | 145.507 | 10.31 | 1,500 | |||
Qualified LIII | 990.118 | 10.39 | 10,287 | |||
Qualified LIV | 14.116 | 10.35 | 146 | |||
109,043.157 | $ 1,122,865 |
260
VARIABLE ANNUITY ACCOUNT C OF | ||||||
ING LIFE INSURANCE AND ANNUITY COMPANY | ||||||
Notes to Financial Statements | ||||||
Division/Contract | Units | Unit Value | Extended Value | |||
ING Wells Fargo Small Cap Disciplined Portfolio - Service | ||||||
Class | ||||||
Contracts in accumulation period: | ||||||
ING MAP PLUS NP22 | 696.124 | $ 10.03 | $ 6,982 | |||
Qualified VI | 17,324.201 | 10.00 | 173,242 | |||
Qualified XII (0.40) | 216.278 | 10.14 | 2,193 | |||
Qualified XII (0.50) | 1,306.274 | 10.12 | 13,219 | |||
Qualified XII (0.50) | 19,419.942 | 10.12 | 196,530 | |||
Qualified XII (0.55) | 250.868 | 10.12 | 2,539 | |||
Qualified XII (0.65) | 29.520 | 10.10 | 298 | |||
Qualified XII (0.70) | 32.507 | 10.09 | 328 | |||
Qualified XII (0.80) | 1,967.914 | 10.07 | 19,817 | |||
Qualified XII (0.85) | 29.864 | 10.06 | 300 | |||
Qualified XII (0.90) | 66.192 | 10.06 | 666 | |||
Qualified XII (0.95) | 2,090.234 | 10.05 | 21,007 | |||
Qualified XII (1.00) | 9,731.960 | 10.04 | 97,709 | |||
Qualified XII (1.10) | 271.976 | 10.02 | 2,725 | |||
Qualified XII (1.15) | 2,002.539 | 10.01 | 20,045 | |||
Qualified XII (1.20) | 56.268 | 10.01 | 563 | |||
Qualified XII (1.25) | 909.988 | 10.00 | 9,100 | |||
Qualified XII (1.40) | 271.073 | 9.97 | 2,703 | |||
Qualified XII (1.45) | 4.161 | 9.96 | 41 | |||
Qualified XVI | 176.661 | 9.95 | 1,758 | |||
Qualified XXI | 33.556 | 10.07 | 338 | |||
Qualified XXV | 127.045 | 10.08 | 1,281 | |||
Qualified XXVII | 44,849.484 | 9.94 | 445,804 | |||
Qualified LIII | 316.760 | 10.16 | 3,218 | |||
102,181.389 | $ 1,022,406 | |||||
ING International Growth Opportunities Fund - Class Q | ||||||
Contracts in accumulation period: | ||||||
ING MAP PLUS NP22 | 629.194 | $ 17.57 | $ 11,055 | |||
ING MAP PLUS NP29 | 14.898 | 17.33 | 258 | |||
644.092 | $ 11,313 | |||||
ING International SmallCap Fund - Class A | ||||||
Contracts in accumulation period: | ||||||
ING MAP PLUS NP1 | 43,192.909 | $ 20.42 | $ 881,999 | |||
ING MAP PLUS NP8 | 10,909.403 | 20.14 | 219,715 | |||
ING MAP PLUS NP11 | 5,378.642 | 20.03 | 107,734 | |||
ING MAP PLUS NP13 | 4,237.106 | 19.95 | 84,530 | |||
ING MAP PLUS NP14 | 1,691.256 | 19.91 | 33,673 | |||
ING MAP PLUS NP16 | 10,932.830 | 19.83 | 216,798 | |||
ING MAP PLUS NP17 | 1,152.868 | 19.79 | 22,815 | |||
ING MAP PLUS NP18 | 1,315.776 | 19.75 | 25,987 | |||
ING MAP PLUS NP20 | 26,915.563 | 19.68 | 529,698 | |||
ING MAP PLUS NP24 | 14.001 | 19.52 | 273 | |||
ING MAP PLUS NP26 | 2,749.460 | 19.45 | 53,477 | |||
ING MAP PLUS NP28 | 479.520 | 19.37 | 9,288 | |||
ING MAP PLUS NP30 | 1,279.097 | 19.30 | 24,687 | |||
ING MAP PLUS NP36 | 540.959 | 19.07 | 10,316 | |||
110,789.390 | $ 2,220,990 |
261
VARIABLE ANNUITY ACCOUNT C OF | ||||||
ING LIFE INSURANCE AND ANNUITY COMPANY | ||||||
Notes to Financial Statements | ||||||
Division/Contract | Units | Unit Value | Extended Value | |||
ING American Century Large Company Value Portfolio - | ||||||
Adviser Class | ||||||
Contracts in accumulation period: | ||||||
Qualified XXXV | 7,315.770 | $ 11.76 | $ 86,033 | |||
7,315.770 | $ 86,033 | |||||
ING American Century Large Company Value Portfolio - | ||||||
Service Class | ||||||
Currently payable annuity contracts: | 15,819.475 | $ 13.15 | $ 208,026 | |||
Contracts in accumulation period: | ||||||
ING Custom Choice 62 | 2,256.299 | 12.74 | 28,745 | |||
Qualified VI | 107,264.015 | 15.77 | 1,691,554 | |||
Qualified X (1.15) | 17,235.206 | 12.64 | 217,853 | |||
Qualified X (1.25) | 33,570.558 | 15.77 | 529,408 | |||
Qualified XII (0.25) | 198.662 | 16.77 | 3,332 | |||
Qualified XII (0.30) | 271.547 | 16.72 | 4,540 | |||
Qualified XII (0.40) | 3,366.250 | 16.62 | 55,947 | |||
Qualified XII (0.50) | 938.593 | 16.52 | 15,506 | |||
Qualified XII (0.55) | 1,795.977 | 16.47 | 29,580 | |||
Qualified XII (0.60) | 89.437 | 16.42 | 1,469 | |||
Qualified XII (0.65) | 12,061.685 | 16.37 | 197,450 | |||
Qualified XII (0.70) | 2,073.166 | 16.31 | 33,813 | |||
Qualified XII (0.75) | 1,765.435 | 16.26 | 28,706 | |||
Qualified XII (0.80) | 6,644.745 | 16.21 | 107,711 | |||
Qualified XII (0.85) | 7,403.866 | 16.17 | 119,721 | |||
Qualified XII (0.90) | 518.481 | 16.12 | 8,358 | |||
Qualified XII (0.95) | 15,517.731 | 16.07 | 249,370 | |||
Qualified XII (1.00) | 25,520.674 | 16.02 | 408,841 | |||
Qualified XII (1.05) | 2,610.597 | 15.97 | 41,691 | |||
Qualified XII (1.10) | 2,495.271 | 15.92 | 39,725 | |||
Qualified XII (1.15) | 1,833.772 | 15.87 | 29,102 | |||
Qualified XII (1.20) | 462.974 | 15.82 | 7,324 | |||
Qualified XII (1.25) | 5,387.748 | 15.77 | 84,965 | |||
Qualified XII (1.30) | 399.555 | 15.72 | 6,281 | |||
Qualified XII (1.35) | 402.190 | 15.68 | 6,306 | |||
Qualified XII (1.40) | 2,024.184 | 15.63 | 31,638 | |||
Qualified XV | 1,268.992 | 16.07 | 20,393 | |||
Qualified XVI | 3,371.457 | 15.53 | 52,359 | |||
Qualified XVIII | 629.652 | 12.75 | 8,028 | |||
Qualified XXI | 1,419.252 | 16.21 | 23,006 | |||
Qualified XXV | 641.694 | 16.26 | 10,434 | |||
Qualified XXVI | 2,065.284 | 16.12 | 33,292 | |||
Qualified LIII | 2,019.576 | 12.36 | 24,962 | |||
Qualified LIV | 1,551.511 | 12.32 | 19,115 | |||
Qualified LV | 4,177.916 | 12.39 | 51,764 | |||
287,073.427 | $ 4,430,315 | |||||
ING American Century Small-Mid Cap Value Portfolio - | ||||||
Adviser Class | ||||||
Contracts in accumulation period: | ||||||
Qualified XXXV | 3,296.285 | $ 11.33 | $ 37,347 | |||
3,296.285 | $ 37,347 |
262
VARIABLE ANNUITY ACCOUNT C OF | ||||||
ING LIFE INSURANCE AND ANNUITY COMPANY | ||||||
Notes to Financial Statements | ||||||
Division/Contract | Units | Unit Value | Extended Value | |||
ING American Century Small-Mid Cap Value Portfolio - | ||||||
Service Class | ||||||
Currently payable annuity contracts: | 24,139.137 | $ 14.63 | $ 353,156 | |||
Contracts in accumulation period: | ||||||
ING Custom Choice 62 | 524.338 | 13.71 | 7,189 | |||
ING MAP PLUS NP10 | 4,395.558 | 14.00 | 61,538 | |||
ING MAP PLUS NP13 | 2,141.029 | 13.92 | 29,803 | |||
ING MAP PLUS NP15 | 5,157.585 | 13.86 | 71,484 | |||
ING MAP PLUS NP18 | 1,362.711 | 13.78 | 18,778 | |||
ING MAP PLUS NP22 | 295.234 | 13.67 | 4,036 | |||
ING MAP PLUS NP26 | 715.797 | 13.57 | 9,713 | |||
ING MAP PLUS NP28 | 7,399.229 | 13.51 | 99,964 | |||
Qualified V | 399.633 | 14.95 | 5,975 | |||
Qualified VI | 293,645.702 | 15.09 | 4,431,114 | |||
Qualified X (1.15) | 18,244.673 | 15.18 | 276,954 | |||
Qualified X (1.25) | 28,857.416 | 15.09 | 435,458 | |||
Qualified XII (0.00) | 58.547 | 16.20 | 948 | |||
Qualified XII (0.05) | 27,959.113 | 16.01 | 447,625 | |||
Qualified XII (0.25) | 635.324 | 15.97 | 10,146 | |||
Qualified XII (0.30) | 2,845.800 | 15.93 | 45,334 | |||
Qualified XII (0.35) | 116.445 | 15.88 | 1,849 | |||
Qualified XII (0.40) | 1,764.225 | 15.84 | 27,945 | |||
Qualified XII (0.50) | 13,679.644 | 15.75 | 215,454 | |||
Qualified XII (0.50) | 1,293.986 | 15.95 | 20,639 | |||
Qualified XII (0.55) | 2,420.609 | 15.70 | 38,004 | |||
Qualified XII (0.60) | 25,282.950 | 15.66 | 395,931 | |||
Qualified XII (0.65) | 9,115.511 | 15.61 | 142,293 | |||
Qualified XII (0.70) | 18,906.811 | 15.57 | 294,379 | |||
Qualified XII (0.75) | 3,326.064 | 15.53 | 51,654 | |||
Qualified XII (0.80) | 11,543.311 | 15.48 | 178,690 | |||
Qualified XII (0.85) | 23,206.390 | 15.44 | 358,307 | |||
Qualified XII (0.90) | 1,030.644 | 15.39 | 15,862 | |||
Qualified XII (0.95) | 1,075,557.639 | 15.35 | 16,509,810 | |||
Qualified XII (1.00) | 186,273.359 | 15.31 | 2,851,845 | |||
Qualified XII (1.05) | 5,293.218 | 15.26 | 80,775 | |||
Qualified XII (1.10) | 6,330.760 | 15.22 | 96,354 | |||
Qualified XII (1.15) | 5,203.060 | 15.18 | 78,982 | |||
Qualified XII (1.20) | 3,625.485 | 15.13 | 54,854 | |||
Qualified XII (1.25) | 15,179.973 | 15.09 | 229,066 | |||
Qualified XII (1.30) | 218.864 | 15.05 | 3,294 | |||
Qualified XII (1.35) | 194.913 | 15.00 | 2,924 | |||
Qualified XII (1.40) | 1,557.898 | 14.96 | 23,306 | |||
Qualified XII (1.45) | 41.511 | 14.92 | 619 | |||
Qualified XV | 913.952 | 15.35 | 14,029 | |||
Qualified XVI | 11,461.978 | 14.88 | 170,554 |
263
VARIABLE ANNUITY ACCOUNT C OF | ||||||
ING LIFE INSURANCE AND ANNUITY COMPANY | ||||||
Notes to Financial Statements | ||||||
Division/Contract | Units | Unit Value | Extended Value | |||
ING American Century Small-Mid Cap Value Portfolio - | ||||||
Service Class (continued) | ||||||
Qualified XVII | 5,096.922 | $ 15.09 | $ 76,913 | |||
Qualified XVIII | 3,821.054 | 15.31 | 58,500 | |||
Qualified XXI | 5,924.793 | 15.48 | 91,716 | |||
Qualified XXV | 985.590 | 15.53 | 15,306 | |||
Qualified XXVI | 1,094.467 | 15.39 | 16,844 | |||
Qualified XXXII | 583.532 | 14.31 | 8,350 | |||
Qualified LIII | 7,053.509 | 12.64 | 89,156 | |||
Qualified LIV | 3,346.599 | 12.60 | 42,167 | |||
Qualified LV | 5,457.375 | 12.67 | 69,145 | |||
1,875,679.867 | $ 28,634,731 | |||||
ING Baron Asset Portfolio - Service Class | ||||||
Contracts in accumulation period: | ||||||
ING MAP PLUS NP6 | 4,358.766 | $ 11.04 | $ 48,121 | |||
ING MAP PLUS NP8 | 29,303.393 | 11.02 | 322,923 | |||
ING MAP PLUS NP9 | 6,489.617 | 11.01 | 71,451 | |||
ING MAP PLUS NP10 | 3,288.078 | 11.00 | 36,169 | |||
ING MAP PLUS NP11 | 3,296.051 | 10.99 | 36,224 | |||
ING MAP PLUS NP13 | 12,980.948 | 10.97 | 142,401 | |||
ING MAP PLUS NP14 | 19,826.349 | 10.96 | 217,297 | |||
ING MAP PLUS NP15 | 7,998.335 | 10.95 | 87,582 | |||
ING MAP PLUS NP16 | 2,583.662 | 10.94 | 28,265 | |||
ING MAP PLUS NP17 | 22,727.463 | 10.93 | 248,411 | |||
ING MAP PLUS NP18 | 4,082.350 | 10.92 | 44,579 | |||
ING MAP PLUS NP19 | 7,097.014 | 10.92 | 77,499 | |||
ING MAP PLUS NP20 | 14,378.976 | 10.91 | 156,875 | |||
ING MAP PLUS NP21 | 18,399.683 | 10.90 | 200,557 | |||
ING MAP PLUS NP22 | 2,546.966 | 10.89 | 27,736 | |||
ING MAP PLUS NP23 | 2,837.555 | 10.88 | 30,873 | |||
ING MAP PLUS NP24 | 5,637.977 | 10.87 | 61,285 | |||
ING MAP PLUS NP26 | 3,713.265 | 10.85 | 40,289 | |||
ING MAP PLUS NP27 | 129.933 | 10.84 | 1,408 | |||
ING MAP PLUS NP28 | 2,553.556 | 10.83 | 27,655 | |||
ING MAP PLUS NP29 | 30.709 | 10.82 | 332 | |||
ING MAP PLUS NP30 | 317.323 | 10.81 | 3,430 | |||
ING MAP PLUS NP32 | 352.663 | 10.80 | 3,809 | |||
ING MAP PLUS NP36 | 3,198.880 | 10.76 | 34,420 | |||
Qualified VI | 40,413.268 | 10.85 | 438,484 | |||
Qualified XII (0.00) | 1.458 | 11.08 | 16 | |||
Qualified XII (0.40) | 1,249.924 | 11.01 | 13,762 | |||
Qualified XII (0.50) | 28,380.476 | 10.99 | 311,901 | |||
Qualified XII (0.55) | 601.724 | 10.98 | 6,607 | |||
Qualified XII (0.60) | 583.148 | 10.97 | 6,397 | |||
Qualified XII (0.65) | 130.109 | 10.96 | 1,426 | |||
Qualified XII (0.70) | 3,786.962 | 10.95 | 41,467 | |||
Qualified XII (0.75) | 10.439 | 10.94 | 114 | |||
Qualified XII (0.80) | 632.377 | 10.93 | 6,912 | |||
Qualified XII (0.85) | 6,032.303 | 10.92 | 65,873 | |||
Qualified XII (0.90) | 158.501 | 10.92 | 1,731 |
264
VARIABLE ANNUITY ACCOUNT C OF | ||||||
ING LIFE INSURANCE AND ANNUITY COMPANY | ||||||
Notes to Financial Statements | ||||||
Division/Contract | Units | Unit Value | Extended Value | |||
ING Baron Asset Portfolio - Service Class (continued) | ||||||
Qualified XII (0.95) | 6,421.112 | $ 10.91 | $ 70,054 | |||
Qualified XII (1.00) | 19,989.237 | 10.90 | 217,883 | |||
Qualified XII (1.05) | 298.705 | 10.89 | 3,253 | |||
Qualified XII (1.10) | 365.677 | 10.88 | 3,979 | |||
Qualified XII (1.15) | 1,024.484 | 10.87 | 11,136 | |||
Qualified XII (1.20) | 772.474 | 10.86 | 8,389 | |||
Qualified XII (1.25) | 586.227 | 10.85 | 6,361 | |||
Qualified XII (1.30) | 0.657 | 10.84 | 7 | |||
Qualified XII (1.40) | 201.321 | 10.82 | 2,178 | |||
Qualified XV | 6.323 | 10.91 | 69 | |||
Qualified XVI | 2,949.640 | 10.81 | 31,886 | |||
Qualified XXI | 182.045 | 10.93 | 1,990 | |||
Qualified LIII | 107.180 | 11.02 | 1,181 | |||
Qualified LIV | 754.239 | 10.99 | 8,289 | |||
Qualified LV | 564.812 | 11.05 | 6,241 | |||
294,334.334 | $ 3,217,177 | |||||
ING Baron Small Cap Growth Portfolio - Adviser Class | ||||||
Contracts in accumulation period: | ||||||
Qualified XXXV | 20,701.500 | $ 12.41 | $ 256,906 | |||
20,701.500 | $ 256,906 | |||||
ING Baron Small Cap Growth Portfolio - Service Class | ||||||
Currently payable annuity contracts: | 38,812.439 | $ 16.31 | $ 633,031 | |||
Contracts in accumulation period: | ||||||
ING Custom Choice 62 | 1,329.923 | 15.36 | 20,428 | |||
ING MAP PLUS NP1 | 6,563.548 | 16.10 | 105,673 | |||
ING MAP PLUS NP6 | 2,622.824 | 15.94 | 41,808 | |||
ING MAP PLUS NP7 | 13.951 | 15.91 | 222 | |||
ING MAP PLUS NP8 | 23,223.875 | 15.88 | 368,795 | |||
ING MAP PLUS NP9 | 7,964.705 | 15.85 | 126,241 | |||
ING MAP PLUS NP10 | 522.449 | 15.82 | 8,265 | |||
ING MAP PLUS NP11 | 7,835.614 | 15.79 | 123,724 | |||
ING MAP PLUS NP12 | 7,365.065 | 15.76 | 116,073 | |||
ING MAP PLUS NP13 | 10,619.863 | 15.72 | 166,944 | |||
ING MAP PLUS NP14 | 15,276.651 | 15.69 | 239,691 | |||
ING MAP PLUS NP15 | 7,882.940 | 15.66 | 123,447 | |||
ING MAP PLUS NP16 | 11,837.592 | 15.63 | 185,022 | |||
ING MAP PLUS NP17 | 15,239.667 | 15.60 | 237,739 | |||
ING MAP PLUS NP18 | 13,630.880 | 15.57 | 212,233 | |||
ING MAP PLUS NP19 | 38,022.928 | 15.54 | 590,876 | |||
ING MAP PLUS NP20 | 42,019.799 | 15.51 | 651,727 | |||
ING MAP PLUS NP21 | 11,799.669 | 15.48 | 182,659 | |||
ING MAP PLUS NP22 | 5,525.069 | 15.45 | 85,362 | |||
ING MAP PLUS NP23 | 4,052.807 | 15.42 | 62,494 | |||
ING MAP PLUS NP24 | 3,195.110 | 15.39 | 49,173 | |||
ING MAP PLUS NP26 | 141.269 | 15.33 | 2,166 | |||
ING MAP PLUS NP27 | 262.824 | 15.30 | 4,021 | |||
ING MAP PLUS NP28 | 4,039.697 | 15.27 | 61,686 | |||
ING MAP PLUS NP29 | 4.919 | 15.24 | 75 | |||
ING MAP PLUS NP30 | 2,186.327 | 15.21 | 33,254 | |||
ING MAP PLUS NP32 | 205.358 | 15.15 | 3,111 |
265
VARIABLE ANNUITY ACCOUNT C OF | ||||||
ING LIFE INSURANCE AND ANNUITY COMPANY | ||||||
Notes to Financial Statements | ||||||
Division/Contract | Units | Unit Value | Extended Value | |||
ING Baron Small Cap Growth Portfolio - Service Class | ||||||
(continued) | ||||||
Qualified VI | 1,182,340.034 | $ 18.29 | $ 21,624,999 | |||
Qualified X (1.15) | 62,614.232 | 18.40 | 1,152,102 | |||
Qualified X (1.25) | 147,603.885 | 18.29 | 2,699,675 | |||
Qualified XII (0.00) | 197.711 | 19.64 | 3,883 | |||
Qualified XII (0.05) | 40,819.176 | 19.40 | 791,892 | |||
Qualified XII (0.25) | 2,112.780 | 19.36 | 40,903 | |||
Qualified XII (0.30) | 26,296.745 | 19.31 | 507,790 | |||
Qualified XII (0.35) | 4,559.832 | 19.25 | 87,777 | |||
Qualified XII (0.40) | 5,572.553 | 19.20 | 106,993 | |||
Qualified XII (0.50) | 3,124.590 | 19.33 | 60,398 | |||
Qualified XII (0.50) | 904,525.429 | 19.09 | 17,267,390 | |||
Qualified XII (0.55) | 13,142.818 | 19.03 | 250,108 | |||
Qualified XII (0.60) | 78,794.190 | 18.98 | 1,495,514 | |||
Qualified XII (0.65) | 50,884.978 | 18.93 | 963,253 | |||
Qualified XII (0.70) | 43,502.118 | 18.87 | 820,885 | |||
Qualified XII (0.75) | 15,476.950 | 18.82 | 291,276 | |||
Qualified XII (0.80) | 88,248.842 | 18.77 | 1,656,431 | |||
Qualified XII (0.85) | 120,294.500 | 18.71 | 2,250,710 | |||
Qualified XII (0.90) | 29,714.304 | 18.66 | 554,469 | |||
Qualified XII (0.95) | 1,137,368.651 | 18.61 | 21,166,431 | |||
Qualified XII (1.00) | 628,758.500 | 18.55 | 11,663,470 | |||
Qualified XII (1.05) | 41,192.301 | 18.50 | 762,058 | |||
Qualified XII (1.10) | 14,424.047 | 18.45 | 266,124 | |||
Qualified XII (1.15) | 45,357.612 | 18.40 | 834,580 | |||
Qualified XII (1.20) | 13,176.468 | 18.34 | 241,656 | |||
Qualified XII (1.25) | 47,125.375 | 18.29 | 861,923 | |||
Qualified XII (1.30) | 1,570.368 | 18.24 | 28,644 | |||
Qualified XII (1.35) | 1,388.767 | 18.19 | 25,262 | |||
Qualified XII (1.40) | 4,860.964 | 18.14 | 88,178 | |||
Qualified XII (1.45) | 915.462 | 18.09 | 16,561 | |||
Qualified XII (1.50) | 88.842 | 18.03 | 1,602 | |||
Qualified XV | 3,015.206 | 18.61 | 56,113 | |||
Qualified XVI | 37,414.540 | 18.03 | 674,584 | |||
Qualified XVII | 3,079.011 | 18.29 | 56,315 | |||
Qualified XVIII | 2,397.413 | 18.55 | 44,472 | |||
Qualified XXI | 23,132.791 | 18.77 | 434,202 | |||
Qualified XXV | 9,375.718 | 18.82 | 176,451 | |||
Qualified XXVI | 2,714.071 | 18.66 | 50,645 | |||
Qualified XXVII | 569,082.744 | 21.03 | 11,967,810 | |||
Qualified XXVIII | 120,270.378 | 9.92 | 1,193,082 | |||
Qualified XXXII | 653.954 | 16.35 | 10,692 | |||
Qualified XXXIII (0.65) | 14,631.968 | 19.24 | 281,519 | |||
Qualified XXXVII | 1,197.229 | 9.67 | 11,577 | |||
Qualified LIII | 29,404.495 | 13.33 | 391,962 | |||
Qualified LIV | 15,998.830 | 13.29 | 212,624 | |||
Qualified LV | 8,946.192 | 13.36 | 119,521 | |||
5,879,565.326 | $ 108,700,446 |
266
VARIABLE ANNUITY ACCOUNT C OF | ||||||
ING LIFE INSURANCE AND ANNUITY COMPANY | ||||||
Notes to Financial Statements | ||||||
Division/Contract | Units | Unit Value | Extended Value | |||
ING Columbia Small Cap Value II Portfolio - Service Class | ||||||
Contracts in accumulation period: | ||||||
ING MAP PLUS NP11 | 2,060.351 | $ 10.36 | $ 21,345 | |||
ING MAP PLUS NP17 | 6,142.567 | 10.31 | 63,330 | |||
ING MAP PLUS NP20 | 15.279 | 10.29 | 157 | |||
ING MAP PLUS NP21 | 1,000.410 | 10.28 | 10,284 | |||
Qualified V | 756.039 | 10.21 | 7,719 | |||
Qualified VI | 28,250.510 | 10.23 | 289,003 | |||
Qualified XII (0.25) | 287.119 | 10.41 | 2,989 | |||
Qualified XII (0.50) | 13.533 | 10.36 | 140 | |||
Qualified XII (0.55) | 474.850 | 10.36 | 4,919 | |||
Qualified XII (0.65) | 337.830 | 10.34 | 3,493 | |||
Qualified XII (0.70) | 4,877.793 | 10.33 | 50,388 | |||
Qualified XII (0.80) | 298.941 | 10.31 | 3,082 | |||
Qualified XII (0.85) | 1,961.531 | 10.30 | 20,204 | |||
Qualified XII (0.90) | 321.261 | 10.30 | 3,309 | |||
Qualified XII (0.95) | 5,823.330 | 10.29 | 59,922 | |||
Qualified XII (1.00) | 13,923.365 | 10.28 | 143,132 | |||
Qualified XII (1.05) | 497.738 | 10.27 | 5,112 | |||
Qualified XII (1.10) | 740.047 | 10.26 | 7,593 | |||
Qualified XII (1.15) | 4,514.670 | 10.25 | 46,275 | |||
Qualified XII (1.20) | 1,085.852 | 10.24 | 11,119 | |||
Qualified XII (1.25) | 983.421 | 10.23 | 10,060 | |||
Qualified XII (1.30) | 7.348 | 10.23 | 75 | |||
Qualified XII (1.40) | 46.670 | 10.21 | 477 | |||
Qualified XVI | 815.945 | 10.19 | 8,314 | |||
Qualified XXI | 340.377 | 10.31 | 3,509 | |||
Qualified LIII | 1.117 | 10.40 | 12 | |||
Qualified LIV | 84.773 | 10.37 | 879 | |||
Qualified LV | 1,827.641 | 10.42 | 19,044 | |||
77,490.308 | $ 795,885 | |||||
ING Davis New York Venture Portfolio - Service Class | ||||||
Currently payable annuity contracts: | 4,816.354 | $ 13.37 | $ 64,395 | |||
Contracts in accumulation period: | ||||||
ING Custom Choice 62 | 321.506 | 13.05 | 4,196 | |||
ING MAP PLUS NP8 | 35,698.215 | 12.74 | 454,795 | |||
ING MAP PLUS NP13 | 173.187 | 12.62 | 2,186 | |||
ING MAP PLUS NP14 | 6,460.977 | 12.59 | 81,344 | |||
ING MAP PLUS NP17 | 9,471.855 | 12.52 | 118,588 | |||
ING MAP PLUS NP18 | 514.343 | 12.49 | 6,424 | |||
ING MAP PLUS NP22 | 645.732 | 12.40 | 8,007 | |||
ING MAP PLUS NP23 | 2,006.876 | 12.37 | 24,825 | |||
ING MAP PLUS NP24 | 978.526 | 12.35 | 12,085 | |||
ING MAP PLUS NP26 | 263.762 | 12.30 | 3,244 | |||
ING MAP PLUS NP28 | 130.256 | 12.25 | 1,596 | |||
ING MAP PLUS NP29 | 389.440 | 12.23 | 4,763 | |||
Qualified VI | 225,456.355 | 21.01 | 4,736,838 | |||
Qualified X (1.15) | 11,418.222 | 13.60 | 155,288 | |||
Qualified X (1.25) | 27,512.517 | 13.20 | 363,165 | |||
Qualified XII (0.25) | 260.987 | 22.34 | 5,830 | |||
Qualified XII (0.30) | 1,101.345 | 22.27 | 24,527 |
267
VARIABLE ANNUITY ACCOUNT C OF | ||||||
ING LIFE INSURANCE AND ANNUITY COMPANY | ||||||
Notes to Financial Statements | ||||||
Division/Contract | Units | Unit Value | Extended Value | |||
ING Davis New York Venture Portfolio - Service Class | ||||||
(continued) | ||||||
Qualified XII (0.40) | 3,540.983 | $ 22.13 | $ 78,362 | |||
Qualified XII (0.50) | 1,112.409 | 22.31 | 24,818 | |||
Qualified XII (0.50) | 21,208.833 | 22.00 | 466,594 | |||
Qualified XII (0.55) | 2,920.638 | 21.93 | 64,050 | |||
Qualified XII (0.60) | 7,553.573 | 21.86 | 165,121 | |||
Qualified XII (0.65) | 8,549.287 | 21.80 | 186,374 | |||
Qualified XII (0.70) | 7,992.264 | 21.73 | 173,672 | |||
Qualified XII (0.75) | 2,366.327 | 21.66 | 51,255 | |||
Qualified XII (0.80) | 6,839.455 | 21.60 | 147,732 | |||
Qualified XII (0.85) | 19,406.719 | 21.53 | 417,827 | |||
Qualified XII (0.90) | 2,081.342 | 21.46 | 44,666 | |||
Qualified XII (0.95) | 38,922.175 | 21.40 | 832,935 | |||
Qualified XII (1.00) | 66,258.138 | 21.33 | 1,413,286 | |||
Qualified XII (1.05) | 6,105.055 | 21.27 | 129,855 | |||
Qualified XII (1.10) | 3,677.538 | 21.20 | 77,964 | |||
Qualified XII (1.15) | 5,494.305 | 21.14 | 116,150 | |||
Qualified XII (1.20) | 730.140 | 21.07 | 15,384 | |||
Qualified XII (1.25) | 10,443.804 | 21.01 | 219,424 | |||
Qualified XII (1.30) | 289.380 | 20.94 | 6,060 | |||
Qualified XII (1.35) | 108.687 | 20.88 | 2,269 | |||
Qualified XII (1.40) | 633.341 | 20.81 | 13,180 | |||
Qualified XII (1.45) | 73.390 | 20.75 | 1,523 | |||
Qualified XII (1.50) | 3.644 | 20.69 | 75 | |||
Qualified XV | 1,384.252 | 21.40 | 29,623 | |||
Qualified XVI | 5,561.569 | 20.69 | 115,069 | |||
Qualified XVII | 1,476.504 | 21.01 | 31,021 | |||
Qualified XVIII | 711.670 | 13.72 | 9,764 | |||
Qualified XXI | 3,162.601 | 21.60 | 68,312 | |||
Qualified XXV | 7,357.632 | 21.66 | 159,366 | |||
Qualified XXVI | 3,433.125 | 21.46 | 73,675 | |||
Qualified LIII | 1,998.969 | 13.08 | 26,147 | |||
Qualified LIV | 991.165 | 13.04 | 12,925 | |||
Qualified LV | 5,084.558 | 13.11 | 66,659 | |||
575,093.927 | $ 11,313,233 |
ING Fidelity® VIP Mid Cap Portfolio - Service Class | ||||||
Contracts in accumulation period: | ||||||
Qualified XII (0.00) | 23.052 | $ 12.37 | $ 285 | |||
Qualified XII (0.50) | 329,060.377 | 12.29 | 4,044,152 | |||
329,083.429 | $ 4,044,437 | |||||
ING JPMorgan International Portfolio - Adviser Class | ||||||
Contracts in accumulation period: | ||||||
Qualified XXXV | 14,001.048 | $ 13.67 | $ 191,394 | |||
14,001.048 | $ 191,394 |
268
VARIABLE ANNUITY ACCOUNT C OF | ||||||
ING LIFE INSURANCE AND ANNUITY COMPANY | ||||||
Notes to Financial Statements | ||||||
Division/Contract | Units | Unit Value | Extended Value | |||
ING JPMorgan International Portfolio - Initial Class | ||||||
Currently payable annuity contracts: | 115,021.203 | $11.11 to $19.01 | $ 2,021,276 | |||
Contracts in accumulation period: | ||||||
Qualified V | 428.545 | 30.16 | 12,925 | |||
Qualified VI | 1,220,346.982 | 31.02 | 37,855,163 | |||
Qualified VIII | 11,490.162 | 26.12 | 300,123 | |||
Qualified X (1.15) | 121,077.416 | 31.46 | 3,809,096 | |||
Qualified X (1.25) | 97,796.214 | 31.02 | 3,033,639 | |||
Qualified XII (0.05) | 15,247.749 | 33.66 | 513,239 | |||
Qualified XII (0.20) | 25,764.617 | 16.75 | 431,557 | |||
Qualified XII (0.25) | 3,901.350 | 16.67 | 65,036 | |||
Qualified XII (0.30) | 5,288.978 | 16.59 | 87,744 | |||
Qualified XII (0.35) | 8,177.122 | 16.51 | 135,004 | |||
Qualified XII (0.40) | 4,239.536 | 22.80 | 96,661 | |||
Qualified XII (0.45) | 98.432 | 16.35 | 1,609 | |||
Qualified XII (0.50) | 11,626.788 | 16.65 | 193,586 | |||
Qualified XII (0.50) | 74,948.949 | 17.93 | 1,343,835 | |||
Qualified XII (0.55) | 53,583.913 | 16.19 | 867,524 | |||
Qualified XII (0.60) | 82,912.249 | 16.12 | 1,336,545 | |||
Qualified XII (0.65) | 98,730.784 | 16.04 | 1,583,642 | |||
Qualified XII (0.70) | 187,759.540 | 15.96 | 2,996,642 | |||
Qualified XII (0.75) | 146,187.952 | 15.88 | 2,321,465 | |||
Qualified XII (0.80) | 245,785.185 | 17.85 | 4,387,266 | |||
Qualified XII (0.85) | 297,118.781 | 21.93 | 6,515,815 | |||
Qualified XII (0.90) | 13,085.115 | 17.67 | 231,214 | |||
Qualified XII (0.95) | 302,847.831 | 21.68 | 6,565,741 | |||
Qualified XII (1.00) | 644,209.839 | 21.56 | 13,889,164 | |||
Qualified XII (1.05) | 87,061.717 | 21.43 | 1,865,733 | |||
Qualified XII (1.10) | 22,718.731 | 21.31 | 484,136 | |||
Qualified XII (1.15) | 33,507.067 | 21.18 | 709,680 | |||
Qualified XII (1.20) | 6,273.961 | 21.06 | 132,130 | |||
Qualified XII (1.25) | 20,179.390 | 20.94 | 422,556 | |||
Qualified XII (1.30) | 397.824 | 20.82 | 8,283 | |||
Qualified XII (1.35) | 31.080 | 20.69 | 643 | |||
Qualified XII (1.40) | 5,450.171 | 20.57 | 112,110 | |||
Qualified XII (1.45) | 1,097.593 | 20.45 | 22,446 | |||
Qualified XII (1.50) | 2,341.945 | 20.34 | 47,635 | |||
Qualified XV | 20,213.252 | 32.06 | 648,037 | |||
Qualified XVI | 32,862.691 | 30.20 | 992,453 | |||
Qualified XVII | 285.342 | 31.02 | 8,851 | |||
Qualified XVIII | 4,261.911 | 31.02 | 132,204 | |||
Qualified XXI | 19,122.895 | 32.48 | 621,112 | |||
Qualified XXV | 2,371.191 | 32.16 | 76,258 | |||
Qualified XXVI | 1,660.341 | 31.81 | 52,815 |
269
VARIABLE ANNUITY ACCOUNT C OF | ||||||
ING LIFE INSURANCE AND ANNUITY COMPANY | ||||||
Notes to Financial Statements | ||||||
Division/Contract | Units | Unit Value | Extended Value | |||
ING JPMorgan International Portfolio - Initial Class | ||||||
(continued) | ||||||
Qualified XXVII | 1,100,185.254 | $ 32.93 | $ 36,229,100 | |||
Qualified XXVIII | 228,804.460 | 32.83 | 7,511,650 | |||
Qualified XXXII | 28,604.234 | 17.63 | 504,293 | |||
Qualified XXXIII (0.65) | 2,245.960 | 16.39 | 36,811 | |||
Qualified XXXVI | 21,293.102 | 16.50 | 351,336 | |||
Qualified LIII | 12,314.556 | 15.13 | 186,319 | |||
Qualified LIV | 20,179.820 | 15.08 | 304,312 | |||
Qualified LV | 9,657.946 | 15.16 | 146,414 | |||
Qualified LVI | 7,118.644 | 15.17 | 107,990 | |||
5,477,916.310 | $ 142,310,818 | |||||
ING JPMorgan International Portfolio - Service Class | ||||||
Contracts in accumulation period: | ||||||
ING MAP PLUS NP1 | 1,159.556 | $ 16.98 | $ 19,689 | |||
ING MAP PLUS NP23 | 625.071 | 16.26 | 10,164 | |||
ING MAP PLUS NP25 | 83.735 | 16.20 | 1,357 | |||
1,868.362 | $ 31,210 | |||||
ING JPMorgan Mid Cap Value Portfolio - Adviser Class | ||||||
Contracts in accumulation period: | ||||||
Qualified XXXV | 31,763.138 | $ 12.14 | $ 385,604 | |||
31,763.138 | $ 385,604 | |||||
ING JPMorgan Mid Cap Value Portfolio - Service Class | ||||||
Currently payable annuity contracts: | 63,740.867 | $ 15.30 | $ 975,235 | |||
Contracts in accumulation period: | ||||||
ING Custom Choice 62 | 640.504 | 14.58 | 9,339 | |||
ING MAP PLUS NP1 | 7,061.621 | 15.24 | 107,619 | |||
ING MAP PLUS NP8 | 3,530.736 | 15.04 | 53,102 | |||
ING MAP PLUS NP9 | 526.311 | 15.01 | 7,900 | |||
ING MAP PLUS NP11 | 1,624.079 | 14.95 | 24,280 | |||
ING MAP PLUS NP13 | 7,163.017 | 14.89 | 106,657 | |||
ING MAP PLUS NP14 | 4,771.830 | 14.86 | 70,909 | |||
ING MAP PLUS NP15 | 2,321.830 | 14.83 | 34,433 | |||
ING MAP PLUS NP16 | 16,098.756 | 14.80 | 238,262 | |||
ING MAP PLUS NP17 | 2,450.475 | 14.77 | 36,194 | |||
ING MAP PLUS NP19 | 24,334.433 | 14.72 | 358,203 | |||
ING MAP PLUS NP20 | 23,345.357 | 14.69 | 342,943 | |||
ING MAP PLUS NP21 | 8,090.024 | 14.66 | 118,600 | |||
ING MAP PLUS NP22 | 297.489 | 14.63 | 4,352 | |||
ING MAP PLUS NP23 | 1,908.917 | 14.60 | 27,870 | |||
ING MAP PLUS NP24 | 2,592.682 | 14.57 | 37,775 | |||
ING MAP PLUS NP26 | 131.942 | 14.52 | 1,916 | |||
ING MAP PLUS NP28 | 1,072.086 | 14.46 | 15,502 | |||
ING MAP PLUS NP30 | 116.022 | 14.40 | 1,671 | |||
ING MAP PLUS NP32 | 103.529 | 14.35 | 1,486 |
270
VARIABLE ANNUITY ACCOUNT C OF | ||||||
ING LIFE INSURANCE AND ANNUITY COMPANY | ||||||
Notes to Financial Statements | ||||||
Division/Contract | Units | Unit Value | Extended Value | |||
ING JPMorgan Mid Cap Value Portfolio - Service Class | ||||||
(continued) | ||||||
Qualified VI | 680,451.116 | $ 17.47 | $ 11,887,481 | |||
Qualified X (1.15) | 46,166.410 | 17.57 | 811,144 | |||
Qualified X (1.25) | 164,644.463 | 17.47 | 2,876,339 | |||
Qualified XII (0.05) | 41,985.739 | 18.54 | 778,416 | |||
Qualified XII (0.25) | 2,532.326 | 18.50 | 46,848 | |||
Qualified XII (0.30) | 5,385.273 | 18.44 | 99,304 | |||
Qualified XII (0.35) | 3,214.128 | 18.39 | 59,108 | |||
Qualified XII (0.40) | 5,083.366 | 18.34 | 93,229 | |||
Qualified XII (0.50) | 22,177.913 | 18.24 | 404,525 | |||
Qualified XII (0.50) | 678.834 | 18.47 | 12,538 | |||
Qualified XII (0.55) | 14,565.708 | 18.18 | 264,805 | |||
Qualified XII (0.60) | 71,135.197 | 18.13 | 1,289,681 | |||
Qualified XII (0.65) | 11,100.241 | 18.08 | 200,692 | |||
Qualified XII (0.70) | 24,470.300 | 18.03 | 441,200 | |||
Qualified XII (0.75) | 9,523.429 | 17.98 | 171,231 | |||
Qualified XII (0.80) | 25,348.010 | 17.93 | 454,490 | |||
Qualified XII (0.85) | 55,299.682 | 17.88 | 988,758 | |||
Qualified XII (0.90) | 16,638.008 | 17.83 | 296,656 | |||
Qualified XII (0.95) | 91,115.017 | 17.77 | 1,619,114 | |||
Qualified XII (1.00) | 390,467.642 | 17.72 | 6,919,087 | |||
Qualified XII (1.05) | 18,424.686 | 17.67 | 325,564 | |||
Qualified XII (1.10) | 15,611.684 | 17.62 | 275,078 | |||
Qualified XII (1.15) | 15,042.854 | 17.57 | 264,303 | |||
Qualified XII (1.20) | 3,517.774 | 17.52 | 61,631 | |||
Qualified XII (1.25) | 20,008.729 | 17.47 | 349,552 | |||
Qualified XII (1.35) | 239.754 | 17.38 | 4,167 | |||
Qualified XII (1.40) | 2,931.980 | 17.33 | 50,811 | |||
Qualified XII (1.45) | 615.326 | 17.28 | 10,633 | |||
Qualified XII (1.50) | 44.210 | 17.23 | 762 | |||
Qualified XV | 2,216.382 | 17.77 | 39,385 | |||
Qualified XVI | 14,325.091 | 17.23 | 246,821 | |||
Qualified XVII | 1,384.069 | 17.47 | 24,180 | |||
Qualified XVIII | 2,473.397 | 17.72 | 43,829 | |||
Qualified XXI | 10,001.746 | 17.93 | 179,331 | |||
Qualified XXV | 3,866.910 | 17.98 | 69,527 | |||
Qualified XXVI | 3,103.887 | 17.83 | 55,342 | |||
Qualified XXXII | 1,803.229 | 15.20 | 27,409 | |||
Qualified XXXVII | 591.100 | 9.76 | 5,769 | |||
Qualified LIII | 5,862.736 | 12.97 | 76,040 | |||
Qualified LIV | 35,978.790 | 12.93 | 465,206 | |||
Qualified LV | 9,197.891 | 13.00 | 119,573 | |||
2,021,147.534 | $ 34,983,807 |
271
VARIABLE ANNUITY ACCOUNT C OF | ||||||
ING LIFE INSURANCE AND ANNUITY COMPANY | ||||||
Notes to Financial Statements | ||||||
Division/Contract | Units | Unit Value | Extended Value | |||
ING Legg Mason Partners Aggressive Growth Portfolio - | ||||||
Adviser Class | ||||||
Contracts in accumulation period: | ||||||
Qualified XXXV | 8,825.584 | $ 10.90 | $ 96,199 | |||
8,825.584 | $ 96,199 | |||||
ING Legg Mason Partners Aggressive Growth Portfolio - | ||||||
Initial Class | ||||||
Currently payable annuity contracts: | 10,000.330 | $13.35 to $16.28 | $ 150,242 | |||
Contracts in accumulation period: | ||||||
Qualified V | 1,619.952 | 15.99 | 25,903 | |||
Qualified VI | 3,842,620.372 | 16.28 | 62,557,860 | |||
Qualified VIII | 5,912.710 | 17.04 | 100,753 | |||
Qualified X (1.15) | 322,389.649 | 16.51 | 5,322,653 | |||
Qualified X (1.25) | 333,736.339 | 10.79 | 3,601,015 | |||
Qualified XII (0.00) | 100.459 | 10.52 | 1,057 | |||
Qualified XII (0.05) | 58,653.809 | 17.67 | 1,036,413 | |||
Qualified XII (0.20) | 30,070.626 | 10.32 | 310,329 | |||
Qualified XII (0.25) | 8,740.876 | 10.27 | 89,769 | |||
Qualified XII (0.30) | 23,614.300 | 10.22 | 241,338 | |||
Qualified XII (0.35) | 26,542.967 | 10.17 | 269,942 | |||
Qualified XII (0.40) | 22,318.967 | 11.75 | 262,248 | |||
Qualified XII (0.45) | 869.829 | 10.07 | 8,759 | |||
Qualified XII (0.50) | 15,847.919 | 11.80 | 187,005 | |||
Qualified XII (0.50) | 191,216.444 | 9.88 | 1,889,218 | |||
Qualified XII (0.55) | 84,145.323 | 9.97 | 838,929 | |||
Qualified XII (0.60) | 183,827.085 | 9.93 | 1,825,403 | |||
Qualified XII (0.65) | 21,812.551 | 9.88 | 215,508 | |||
Qualified XII (0.70) | 367,686.793 | 9.83 | 3,614,361 | |||
Qualified XII (0.75) | 376,466.062 | 9.78 | 3,681,838 | |||
Qualified XII (0.80) | 616,938.306 | 10.51 | 6,484,022 | |||
Qualified XII (0.85) | 663,165.154 | 11.30 | 7,493,766 | |||
Qualified XII (0.90) | 27,554.955 | 10.08 | 277,754 | |||
Qualified XII (0.95) | 672,774.453 | 11.17 | 7,514,891 | |||
Qualified XII (1.00) | 1,548,929.689 | 11.11 | 17,208,609 | |||
Qualified XII (1.05) | 212,983.091 | 11.04 | 2,351,333 | |||
Qualified XII (1.10) | 83,484.782 | 10.98 | 916,663 | |||
Qualified XII (1.15) | 112,484.800 | 10.91 | 1,227,209 | |||
Qualified XII (1.20) | 24,279.285 | 10.85 | 263,430 | |||
Qualified XII (1.25) | 62,152.551 | 10.79 | 670,626 | |||
Qualified XII (1.30) | 3,809.012 | 10.73 | 40,871 | |||
Qualified XII (1.35) | 1,675.884 | 10.66 | 17,865 | |||
Qualified XII (1.40) | 19,587.052 | 10.60 | 207,623 | |||
Qualified XII (1.45) | 1,962.584 | 10.54 | 20,686 | |||
Qualified XII (1.50) | 6,519.765 | 10.48 | 68,327 | |||
Qualified XV | 15,534.745 | 16.83 | 261,450 | |||
Qualified XVI | 75,212.963 | 15.85 | 1,192,125 |
272
VARIABLE ANNUITY ACCOUNT C OF | ||||||
ING LIFE INSURANCE AND ANNUITY COMPANY | ||||||
Notes to Financial Statements | ||||||
Division/Contract | Units | Unit Value | Extended Value | |||
ING Legg Mason Partners Aggressive Growth Portfolio - | ||||||
Initial Class (continued) | ||||||
Qualified XVII | 2,201.841 | $ 16.28 | $ 35,846 | |||
Qualified XVIII | 7,526.932 | 16.28 | 122,538 | |||
Qualified XXI | 74,616.234 | 17.05 | 1,272,207 | |||
Qualified XXII | 126.480 | 17.39 | 2,199 | |||
Qualified XXV | 27,414.482 | 16.88 | 462,756 | |||
Qualified XXVI | 12,652.235 | 16.70 | 211,292 | |||
Qualified XXVII | 1,182,268.920 | 16.71 | 19,755,714 | |||
Qualified XXVIII | 249,691.655 | 16.66 | 4,159,863 | |||
Qualified XXXII | 10,591.477 | 13.28 | 140,655 | |||
Qualified XXXVI | 50,017.833 | 11.70 | 585,209 | |||
Qualified LIII | 30,702.449 | 12.94 | 397,290 | |||
Qualified LIV | 29,277.059 | 12.90 | 377,674 | |||
Qualified LV | 55,901.947 | 12.96 | 724,489 | |||
Qualified LVI | 25,282.288 | 12.97 | 327,911 | |||
11,835,514.265 | $ 161,023,436 | |||||
ING Legg Mason Partners Aggressive Growth Portfolio - | ||||||
Service Class | ||||||
Contracts in accumulation period: | ||||||
ING MAP PLUS NP1 | 270.770 | $ 12.46 | $ 3,374 | |||
ING MAP PLUS NP10 | 640.519 | 12.24 | 7,840 | |||
ING MAP PLUS NP17 | 4,775.328 | 12.08 | 57,686 | |||
ING MAP PLUS NP22 | 1,450.145 | 11.96 | 17,344 | |||
ING MAP PLUS NP26 | 80.108 | 11.87 | 951 | |||
7,216.870 | $ 87,195 | |||||
ING Legg Mason Partners Large Cap Growth Portfolio - | ||||||
Adviser Class | ||||||
Contracts in accumulation period: | ||||||
Qualified XXXV | 12,937.766 | $ 10.98 | $ 142,057 | |||
12,937.766 | $ 142,057 | |||||
ING Legg Mason Partners Large Cap Growth Portfolio - | ||||||
Initial Class | ||||||
Contracts in accumulation period: | ||||||
Qualified X (1.15) | 4,571.600 | $ 11.48 | $ 52,482 | |||
Qualified X (1.25) | 34,229.403 | 11.45 | 391,927 | |||
Qualified XII (0.80) | 174.023 | 11.60 | 2,019 | |||
Qualified XII (0.95) | 46,300.308 | 11.55 | 534,769 | |||
Qualified XII (1.10) | 11,137.449 | 11.50 | 128,081 | |||
Qualified XVIII | 2,875.386 | 11.45 | 32,923 | |||
Qualified XXVII | 198,473.554 | 12.06 | 2,393,591 | |||
297,761.723 | $ 3,535,792 |
273
VARIABLE ANNUITY ACCOUNT C OF | ||||||
ING LIFE INSURANCE AND ANNUITY COMPANY | ||||||
Notes to Financial Statements | ||||||
Division/Contract | Units | Unit Value | Extended Value | |||
ING Neuberger Berman Partners Portfolio - Service Class | ||||||
Currently payable annuity contracts: | 783.733 | $ 11.29 | $ 8,848 | |||
Contracts in accumulation period: | ||||||
ING MAP PLUS NP17 | 84.042 | 11.32 | 951 | |||
ING MAP PLUS NP22 | 6,320.988 | 11.27 | 71,238 | |||
Qualified VI | 47,502.703 | 11.23 | 533,455 | |||
Qualified XII (0.40) | 620.541 | 11.40 | 7,074 | |||
Qualified XII (0.50) | 62,330.181 | 11.38 | 709,317 | |||
Qualified XII (0.55) | 2,920.236 | 11.37 | 33,203 | |||
Qualified XII (0.60) | 15.254 | 11.36 | 173 | |||
Qualified XII (0.70) | 4,253.451 | 11.34 | 48,234 | |||
Qualified XII (0.75) | 44.520 | 11.33 | 504 | |||
Qualified XII (0.80) | 443.959 | 11.32 | 5,026 | |||
Qualified XII (0.85) | 4,187.480 | 11.31 | 47,360 | |||
Qualified XII (0.90) | 705.780 | 11.30 | 7,975 | |||
Qualified XII (0.95) | 11,133.359 | 11.29 | 125,696 | |||
Qualified XII (1.00) | 41,381.820 | 11.28 | 466,787 | |||
Qualified XII (1.05) | 686.891 | 11.27 | 7,741 | |||
Qualified XII (1.10) | 1,811.953 | 11.26 | 20,403 | |||
Qualified XII (1.15) | 6,626.526 | 11.25 | 74,548 | |||
Qualified XII (1.25) | 1,633.731 | 11.23 | 18,347 | |||
Qualified XII (1.30) | 1,018.521 | 11.22 | 11,428 | |||
Qualified XII (1.40) | 49.096 | 11.21 | 550 | |||
Qualified XII (1.50) | 227.634 | 11.19 | 2,547 | |||
Qualified XV | 2,589.822 | 11.29 | 29,239 | |||
Qualified XVI | 1,995.235 | 11.19 | 22,327 | |||
Qualified XXI | 23.650 | 11.32 | 268 | |||
Qualified XXVI | 738.666 | 11.30 | 8,347 | |||
Qualified LIII | 417.528 | 11.41 | 4,764 | |||
Qualified LV | 6.664 | 11.44 | 76 | |||
200,553.964 | $ 2,266,426 | |||||
ING Neuberger Berman Regency Portfolio - Service Class | ||||||
Contracts in accumulation period: | ||||||
Qualified XII (0.50) | 5,465.838 | $ 11.42 | $ 62,420 | |||
5,465.838 | $ 62,420 |
274
VARIABLE ANNUITY ACCOUNT C OF | ||||||
ING LIFE INSURANCE AND ANNUITY COMPANY | ||||||
Notes to Financial Statements | ||||||
Division/Contract | Units | Unit Value | Extended Value | |||
ING OpCap Balanced Value Portfolio - Service Class | ||||||
Currently payable annuity contracts: | 37,145.006 | $11.13 to $11.91 | $ 441,484 | |||
Contracts in accumulation period: | ||||||
Qualified VI | 281,246.400 | 14.16 | 3,982,449 | |||
Qualified VIII | 890.652 | 14.16 | 12,612 | |||
Qualified X (1.15) | 7,873.764 | 12.34 | 97,162 | |||
Qualified X (1.25) | 66,102.365 | 14.16 | 936,009 | |||
Qualified XII (0.25) | 378.809 | 15.06 | 5,705 | |||
Qualified XII (0.30) | 699.354 | 15.01 | 10,497 | |||
Qualified XII (0.40) | 7,031.214 | 14.92 | 104,906 | |||
Qualified XII (0.50) | 155.076 | 15.04 | 2,332 | |||
Qualified XII (0.50) | 29,461.142 | 14.83 | 436,909 | |||
Qualified XII (0.55) | 4,390.813 | 14.79 | 64,940 | |||
Qualified XII (0.60) | 2,859.392 | 14.74 | 42,147 | |||
Qualified XII (0.65) | 6,884.024 | 14.70 | 101,195 | |||
Qualified XII (0.70) | 12,394.350 | 14.65 | 181,577 | |||
Qualified XII (0.75) | 14,654.719 | 14.61 | 214,105 | |||
Qualified XII (0.80) | 15,360.439 | 14.56 | 223,648 | |||
Qualified XII (0.85) | 13,923.251 | 14.52 | 202,166 | |||
Qualified XII (0.90) | 6,467.871 | 14.47 | 93,590 | |||
Qualified XII (0.95) | 63,305.069 | 14.43 | 913,492 | |||
Qualified XII (1.00) | 136,375.160 | 14.38 | 1,961,075 | |||
Qualified XII (1.05) | 5,245.517 | 14.34 | 75,221 | |||
Qualified XII (1.10) | 13,909.067 | 14.29 | 198,761 | |||
Qualified XII (1.15) | 7,215.037 | 14.25 | 102,814 | |||
Qualified XII (1.20) | 1,242.272 | 14.21 | 17,653 | |||
Qualified XII (1.25) | 14,842.602 | 14.16 | 210,171 | |||
Qualified XII (1.30) | 48.456 | 14.12 | 684 | |||
Qualified XII (1.35) | 409.254 | 14.08 | 5,762 | |||
Qualified XII (1.40) | 870.351 | 14.03 | 12,211 | |||
Qualified XII (1.45) | 87.113 | 13.99 | 1,219 | |||
Qualified XII (1.50) | 38.196 | 13.95 | 533 | |||
Qualified XV | 1,216.906 | 14.43 | 17,560 | |||
Qualified XVI | 5,494.971 | 13.95 | 76,655 | |||
Qualified XVII | 1,813.289 | 14.16 | 25,676 | |||
Qualified XVIII | 4,046.438 | 12.45 | 50,378 | |||
Qualified XXI | 3,715.133 | 14.56 | 54,092 | |||
Qualified XXV | 1,257.858 | 14.61 | 18,377 | |||
Qualified XXVI | 786.390 | 14.47 | 11,379 | |||
Qualified XXXII | 1,340.383 | 11.79 | 15,803 | |||
Qualified LIII | 1,890.358 | 11.39 | 21,531 | |||
Qualified LIV | 309.337 | 11.35 | 3,511 | |||
Qualified LV | 1,168.608 | 11.41 | 13,334 | |||
774,546.406 | $ 10,961,325 |
275
VARIABLE ANNUITY ACCOUNT C OF | ||||||
ING LIFE INSURANCE AND ANNUITY COMPANY | ||||||
Notes to Financial Statements | ||||||
Division/Contract | Units | Unit Value | Extended Value | |||
ING Oppenheimer Global Portfolio - Adviser Class | ||||||
Contracts in accumulation period: | ||||||
Qualified XXXV | 28,209.320 | $ 12.95 | $ 365,311 | |||
28,209.320 | $ 365,311 | |||||
ING Oppenheimer Global Portfolio - Initial Class | ||||||
Currently payable annuity contracts: | 209,507.760 | $14.17 to $14.38 | $ 3,006,932 | |||
Contracts in accumulation period: | ||||||
ING Custom Choice 62 | 5,230.876 | 14.29 | 74,749 | |||
ING MAP PLUS NP1 | 9,520.056 | 14.73 | 140,230 | |||
ING MAP PLUS NP8 | 6,487.015 | 14.58 | 94,581 | |||
ING MAP PLUS NP10 | 19,344.813 | 14.54 | 281,274 | |||
ING MAP PLUS NP11 | 30,558.654 | 14.52 | 443,712 | |||
ING MAP PLUS NP12 | 12,544.083 | 14.50 | 181,889 | |||
ING MAP PLUS NP13 | 9,500.109 | 14.48 | 137,562 | |||
ING MAP PLUS NP14 | 14,377.596 | 14.46 | 207,900 | |||
ING MAP PLUS NP15 | 17,786.118 | 14.44 | 256,832 | |||
ING MAP PLUS NP16 | 5,101.211 | 14.42 | 73,559 | |||
ING MAP PLUS NP17 | 16,515.119 | 14.40 | 237,818 | |||
ING MAP PLUS NP18 | 15,777.459 | 14.38 | 226,880 | |||
ING MAP PLUS NP19 | 40,883.043 | 14.35 | 586,672 | |||
ING MAP PLUS NP20 | 19,694.578 | 14.33 | 282,223 | |||
ING MAP PLUS NP21 | 6,918.626 | 14.31 | 99,006 | |||
ING MAP PLUS NP23 | 6,699.048 | 14.27 | 95,595 | |||
ING MAP PLUS NP24 | 1,404.932 | 14.25 | 20,020 | |||
ING MAP PLUS NP25 | 3,663.937 | 14.23 | 52,138 | |||
ING MAP PLUS NP26 | 1,980.297 | 14.21 | 28,140 | |||
ING MAP PLUS NP27 | 307.192 | 14.19 | 4,359 | |||
ING MAP PLUS NP28 | 13,846.813 | 14.17 | 196,209 | |||
ING MAP PLUS NP29 | 1,936.903 | 14.15 | 27,407 | |||
ING MAP PLUS NP30 | 5,347.479 | 14.13 | 75,560 | |||
ING MAP PLUS NP32 | 332.951 | 14.09 | 4,691 | |||
Qualified V | 1,948.620 | 14.22 | 27,709 | |||
Qualified VI | 18,561,178.356 | 14.29 | 265,239,239 | |||
Qualified VIII | 16,167.513 | 14.28 | 230,872 | |||
Qualified X (1.15) | 763,498.971 | 14.33 | 10,940,940 | |||
Qualified X (1.25) | 1,617,475.709 | 14.86 | 24,035,689 | |||
Qualified XII (0.00) | 412.137 | 15.42 | 6,355 | |||
Qualified XII (0.05) | 25,695.575 | 15.45 | 396,997 | |||
Qualified XII (0.05) | 473,299.858 | 15.45 | 7,312,483 | |||
Qualified XII (0.20) | 98,893.527 | 14.73 | 1,456,702 | |||
Qualified XII (0.25) | 68,286.044 | 14.70 | 1,003,805 | |||
Qualified XII (0.30) | 260,194.213 | 14.68 | 3,819,651 | |||
Qualified XII (0.35) | 77,523.928 | 14.66 | 1,136,501 | |||
Qualified XII (0.40) | 90,445.473 | 14.64 | 1,324,122 |
276
VARIABLE ANNUITY ACCOUNT C OF | ||||||
ING LIFE INSURANCE AND ANNUITY COMPANY | ||||||
Notes to Financial Statements | ||||||
Division/Contract | Units | Unit Value | Extended Value | |||
ING Oppenheimer Global Portfolio - Initial Class | ||||||
(continued) | ||||||
Qualified XII (0.45) | 2,211.330 | $ 14.62 | $ 32,330 | |||
Qualified XII (0.50) | 42,287.821 | 14.64 | 619,094 | |||
Qualified XII (0.50) | 1,353,299.060 | 15.22 | 20,597,212 | |||
Qualified XII (0.55) | 680,700.548 | 14.58 | 9,924,614 | |||
Qualified XII (0.60) | 435,269.551 | 15.07 | 6,559,512 | |||
Qualified XII (0.65) | 380,065.182 | 14.54 | 5,526,148 | |||
Qualified XII (0.70) | 851,113.376 | 14.51 | 12,349,655 | |||
Qualified XII (0.75) | 1,337,574.726 | 14.95 | 19,996,742 | |||
Qualified XII (0.80) | 2,544,962.321 | 15.07 | 38,352,582 | |||
Qualified XII (0.85) | 1,780,227.821 | 15.07 | 26,828,033 | |||
Qualified XII (0.90) | 171,121.124 | 15.03 | 2,571,950 | |||
Qualified XII (0.95) | 2,768,199.613 | 15.02 | 41,578,358 | |||
Qualified XII (1.00) | 6,330,355.254 | 15.00 | 94,955,329 | |||
Qualified XII (1.05) | 739,833.891 | 14.97 | 11,075,313 | |||
Qualified XII (1.10) | 457,542.339 | 14.35 | 6,565,733 | |||
Qualified XII (1.15) | 440,703.184 | 14.91 | 6,570,884 | |||
Qualified XII (1.20) | 163,056.778 | 14.31 | 2,333,342 | |||
Qualified XII (1.25) | 421,437.610 | 14.86 | 6,262,563 | |||
Qualified XII (1.30) | 17,167.263 | 14.84 | 254,762 | |||
Qualified XII (1.35) | 15,972.269 | 14.24 | 227,445 | |||
Qualified XII (1.40) | 72,848.343 | 15.14 | 1,102,924 | |||
Qualified XII (1.45) | 21,849.885 | 14.20 | 310,268 | |||
Qualified XII (1.50) | 13,200.592 | 14.18 | 187,184 | |||
Qualified XV | 141,953.749 | 14.41 | 2,045,554 | |||
Qualified XVI | 467,344.161 | 14.18 | 6,626,940 | |||
Qualified XVII | 53,174.359 | 14.29 | 759,862 | |||
Qualified XVIII | 69,073.968 | 14.29 | 987,067 | |||
Qualified XXI | 321,849.076 | 14.47 | 4,657,156 | |||
Qualified XXII | 1,816.329 | 14.62 | 26,555 | |||
Qualified XXV | 182,034.569 | 14.49 | 2,637,681 | |||
Qualified XXVI | 101,671.460 | 14.43 | 1,467,119 | |||
Qualified XXVII | 8,717,735.985 | 14.37 | 125,273,866 | |||
Qualified XXVIII | 3,139,376.708 | 14.37 | 45,112,843 | |||
Qualified XXXII | 64,751.005 | 14.29 | 925,292 | |||
Qualified XXXIII (0.65) | 54,025.882 | 14.54 | 785,536 | |||
Qualified XXXVI | 86,061.038 | 14.58 | 1,254,770 | |||
Qualified LIII | 165,074.840 | 15.02 | 2,479,424 | |||
Qualified LIV | 172,506.952 | 14.97 | 2,582,429 | |||
Qualified LV | 216,053.425 | 15.05 | 3,251,604 | |||
Qualified LVI | 86,345.833 | 15.05 | 1,299,505 | |||
57,612,135.812 | $ 840,722,183 |
277
VARIABLE ANNUITY ACCOUNT C OF | ||||||
ING LIFE INSURANCE AND ANNUITY COMPANY | ||||||
Notes to Financial Statements | ||||||
Division/Contract | Units | Unit Value | Extended Value | |||
ING Oppenheimer Global Portfolio - Service Class | ||||||
Contracts in accumulation period: | ||||||
Qualified VI | 0.856 | $ 16.78 | $ 14 | |||
Qualified X (1.15) | 3,295.836 | 16.88 | 55,634 | |||
Qualified X (1.25) | 3,868.104 | 16.78 | 64,907 | |||
Qualified XII (1.00) | 18,685.254 | 17.02 | 318,023 | |||
25,850.050 | $ 438,578 | |||||
ING Oppenheimer Strategic Income Portfolio - Adviser | ||||||
Class | ||||||
Contracts in accumulation period: | ||||||
Qualified XXXV | 23,442.084 | $ 11.75 | $ 275,444 | |||
23,442.084 | $ 275,444 | |||||
ING Oppenheimer Strategic Income Portfolio - Initial Class | ||||||
Currently payable annuity contracts: | 162,948.809 | $11.42 to $11.65 | $ 1,907,834 | |||
Contracts in accumulation period: | ||||||
Qualified V | 2,147.586 | 11.46 | 24,611 | |||
Qualified VI | 3,488,683.537 | 11.51 | 40,154,748 | |||
Qualified VIII | 2,167.362 | 11.51 | 24,946 | |||
Qualified X (1.15) | 122,958.785 | 11.54 | 1,418,944 | |||
Qualified X (1.25) | 300,459.237 | 11.51 | 3,458,286 | |||
Qualified XII (0.00) | 423.515 | 12.08 | 5,116 | |||
Qualified XII (0.05) | 156,528.693 | 12.08 | 1,890,867 | |||
Qualified XII (0.20) | 20,516.285 | 11.86 | 243,323 | |||
Qualified XII (0.25) | 3,782.507 | 11.85 | 44,823 | |||
Qualified XII (0.30) | 69,352.110 | 11.96 | 829,451 | |||
Qualified XII (0.35) | 11,914.796 | 11.94 | 142,263 | |||
Qualified XII (0.40) | 37,379.642 | 11.80 | 441,080 | |||
Qualified XII (0.45) | 10.546 | 11.90 | 125 | |||
Qualified XII (0.50) | 4,774.841 | 11.80 | 56,343 | |||
Qualified XII (0.50) | 391,045.759 | 11.90 | 4,653,445 | |||
Qualified XII (0.55) | 173,158.764 | 11.87 | 2,055,395 | |||
Qualified XII (0.60) | 96,452.355 | 11.73 | 1,131,386 | |||
Qualified XII (0.65) | 99,176.221 | 11.71 | 1,161,354 | |||
Qualified XII (0.70) | 246,556.597 | 11.80 | 2,909,368 | |||
Qualified XII (0.75) | 209,430.816 | 11.78 | 2,467,095 | |||
Qualified XII (0.80) | 375,533.075 | 11.79 | 4,427,535 | |||
Qualified XII (0.85) | 466,211.531 | 11.77 | 5,487,310 | |||
Qualified XII (0.90) | 74,381.848 | 11.75 | 873,987 | |||
Qualified XII (0.95) | 759,653.067 | 11.73 | 8,910,730 | |||
Qualified XII (1.00) | 1,353,515.190 | 11.71 | 15,849,663 | |||
Qualified XII (1.05) | 131,023.313 | 11.70 | 1,532,973 | |||
Qualified XII (1.10) | 106,418.342 | 11.56 | 1,230,196 | |||
Qualified XII (1.15) | 79,892.421 | 11.66 | 931,546 | |||
Qualified XII (1.20) | 65,623.884 | 11.64 | 763,862 | |||
Qualified XII (1.25) | 151,703.358 | 11.62 | 1,762,793 |
278
VARIABLE ANNUITY ACCOUNT C OF | ||||||
ING LIFE INSURANCE AND ANNUITY COMPANY | ||||||
Notes to Financial Statements | ||||||
Division/Contract | Units | Unit Value | Extended Value | |||
ING Oppenheimer Strategic Income Portfolio - Initial Class | ||||||
(continued) | ||||||
Qualified XII (1.30) | 13,837.908 | $ 11.60 | $ 160,520 | |||
Qualified XII (1.35) | 3,250.874 | 11.63 | 37,808 | |||
Qualified XII (1.40) | 27,016.703 | 11.46 | 309,611 | |||
Qualified XII (1.45) | 9,553.617 | 11.59 | 110,726 | |||
Qualified XII (1.50) | 1,120.257 | 11.56 | 12,950 | |||
Qualified XV | 16,158.439 | 11.61 | 187,599 | |||
Qualified XVI | 83,459.413 | 11.43 | 953,941 | |||
Qualified XVII | 21,137.427 | 11.51 | 243,292 | |||
Qualified XVIII | 9,630.945 | 11.51 | 110,852 | |||
Qualified XXI | 29,995.715 | 11.66 | 349,750 | |||
Qualified XXV | 14,658.726 | 11.68 | 171,214 | |||
Qualified XXVI | 19,542.291 | 11.63 | 227,277 | |||
Qualified XXVII | 855,228.385 | 11.73 | 10,031,829 | |||
Qualified XXVIII | 276,640.127 | 11.73 | 3,244,989 | |||
Qualified XXXII | 4,119.222 | 11.51 | 47,412 | |||
Qualified XXXIII (0.65) | 32,829.662 | 11.71 | 384,435 | |||
Qualified XXXVI | 18,166.242 | 11.74 | 213,272 | |||
Qualified LIII | 39,502.036 | 11.92 | 470,864 | |||
Qualified LIV | 69,804.374 | 11.89 | 829,974 | |||
Qualified LV | 52,008.509 | 11.95 | 621,502 | |||
Qualified LVI | 14,774.370 | 11.95 | 176,554 | |||
10,776,260.034 | $ 125,687,769 | |||||
ING PIMCO Total Return Portfolio - Adviser Class | ||||||
Contracts in accumulation period: | ||||||
Qualified XXXV | 48,452.611 | $ 11.43 | $ 553,813 | |||
48,452.611 | $ 553,813 |
279
VARIABLE ANNUITY ACCOUNT C OF | ||||||
ING LIFE INSURANCE AND ANNUITY COMPANY | ||||||
Notes to Financial Statements | ||||||
Division/Contract | Units | Unit Value | Extended Value | |||
ING PIMCO Total Return Portfolio - Service Class | ||||||
Currently payable annuity contracts: | 385,577.482 | $ 11.81 | $ 4,553,670 | |||
Contracts in accumulation period: | ||||||
ING Custom Choice 62 | 2,927.670 | 11.67 | 34,166 | |||
ING MAP PLUS NP1 | 99,604.710 | 12.02 | 1,197,249 | |||
ING MAP PLUS NP6 | 18,034.544 | 11.90 | 214,611 | |||
ING MAP PLUS NP8 | 110.480 | 11.85 | 1,309 | |||
ING MAP PLUS NP9 | 10,134.143 | 11.83 | 119,887 | |||
ING MAP PLUS NP10 | 25,286.652 | 11.81 | 298,635 | |||
ING MAP PLUS NP11 | 34,880.902 | 11.78 | 410,897 | |||
ING MAP PLUS NP12 | 29,634.147 | 11.76 | 348,498 | |||
ING MAP PLUS NP13 | 10,086.728 | 11.74 | 118,418 | |||
ING MAP PLUS NP14 | 32,635.477 | 11.72 | 382,488 | |||
ING MAP PLUS NP15 | 14,312.068 | 11.69 | 167,308 | |||
ING MAP PLUS NP16 | 3,813.557 | 11.67 | 44,504 | |||
ING MAP PLUS NP17 | 1,989.653 | 11.65 | 23,179 | |||
ING MAP PLUS NP18 | 25,395.929 | 11.62 | 295,101 | |||
ING MAP PLUS NP19 | 28,272.274 | 11.60 | 327,958 | |||
ING MAP PLUS NP20 | 53,029.626 | 11.58 | 614,083 | |||
ING MAP PLUS NP21 | 20,424.052 | 11.56 | 236,102 | |||
ING MAP PLUS NP22 | 9,851.291 | 11.53 | 113,585 | |||
ING MAP PLUS NP23 | 5,304.289 | 11.51 | 61,052 | |||
ING MAP PLUS NP24 | 2,874.648 | 11.49 | 33,030 | |||
ING MAP PLUS NP25 | 272.787 | 11.47 | 3,129 | |||
ING MAP PLUS NP26 | 13,656.482 | 11.44 | 156,230 | |||
ING MAP PLUS NP27 | 36.788 | 11.42 | 420 | |||
ING MAP PLUS NP28 | 20,611.311 | 11.40 | 234,969 | |||
ING MAP PLUS NP29 | 180.733 | 11.38 | 2,057 | |||
ING MAP PLUS NP30 | 6,657.642 | 11.35 | 75,564 | |||
ING MAP PLUS NP32 | 79.127 | 11.31 | 895 | |||
ING MAP PLUS NP36 | 5,006.181 | 11.22 | 56,169 | |||
Qualified VI | 1,794,126.589 | 12.69 | 22,767,466 | |||
Qualified VIII | 730.478 | 12.69 | 9,270 | |||
Qualified X (1.15) | 39,216.146 | 12.77 | 500,790 | |||
Qualified X (1.25) | 141,546.578 | 12.69 | 1,796,226 | |||
Qualified XII (0.25) | 1,254.255 | 13.44 | 16,857 | |||
Qualified XII (0.30) | 59,516.639 | 13.40 | 797,523 | |||
Qualified XII (0.35) | 1,576.657 | 13.36 | 21,064 | |||
Qualified XII (0.40) | 97,501.426 | 13.32 | 1,298,719 | |||
Qualified XII (0.50) | 21,356.493 | 13.25 | 282,974 | |||
Qualified XII (0.50) | 5,714.832 | 13.42 | 76,693 | |||
Qualified XII (0.55) | 20,035.859 | 13.21 | 264,674 | |||
Qualified XII (0.60) | 36,371.311 | 13.17 | 479,010 | |||
Qualified XII (0.65) | 277,473.886 | 13.13 | 3,643,232 |
280
VARIABLE ANNUITY ACCOUNT C OF | ||||||
ING LIFE INSURANCE AND ANNUITY COMPANY | ||||||
Notes to Financial Statements | ||||||
Division/Contract | Units | Unit Value | Extended Value | |||
ING PIMCO Total Return Portfolio - Service Class | ||||||
(continued) | ||||||
Qualified XII (0.70) | 84,243.504 | $ 13.10 | $ 1,103,590 | |||
Qualified XII (0.75) | 66,542.319 | 13.06 | 869,043 | |||
Qualified XII (0.80) | 94,614.927 | 13.02 | 1,231,886 | |||
Qualified XII (0.85) | 243,076.855 | 12.99 | 3,157,568 | |||
Qualified XII (0.90) | 22,931.329 | 12.95 | 296,961 | |||
Qualified XII (0.95) | 391,018.311 | 12.91 | 5,048,046 | |||
Qualified XII (1.00) | 696,590.213 | 12.88 | 8,972,082 | |||
Qualified XII (1.05) | 120,414.062 | 12.84 | 1,546,117 | |||
Qualified XII (1.10) | 30,548.117 | 12.80 | 391,016 | |||
Qualified XII (1.15) | 38,904.413 | 12.77 | 496,809 | |||
Qualified XII (1.20) | 27,138.427 | 12.73 | 345,472 | |||
Qualified XII (1.25) | 99,218.177 | 12.69 | 1,259,079 | |||
Qualified XII (1.30) | 7,861.269 | 12.66 | 99,524 | |||
Qualified XII (1.35) | 4,953.662 | 12.62 | 62,515 | |||
Qualified XII (1.40) | 9,963.195 | 12.59 | 125,437 | |||
Qualified XII (1.45) | 5,025.757 | 12.55 | 63,073 | |||
Qualified XII (1.50) | 9,127.612 | 12.51 | 114,186 | |||
Qualified XV | 9,664.463 | 12.91 | 124,768 | |||
Qualified XVI | 59,981.824 | 12.51 | 750,373 | |||
Qualified XVII | 2,750.862 | 12.69 | 34,908 | |||
Qualified XVIII | 2,303.922 | 12.88 | 29,675 | |||
Qualified XXI | 13,012.719 | 13.02 | 169,426 | |||
Qualified XXV | 8,754.034 | 13.06 | 114,328 | |||
Qualified XXVI | 10,289.386 | 12.95 | 133,248 | |||
Qualified XXVII | 760,652.939 | 11.80 | 8,975,705 | |||
Qualified XXVIII | 301,897.443 | 12.88 | 3,888,439 | |||
Qualified XXXII | 1,801.440 | 11.55 | 20,807 | |||
Qualified XXXIII (0.65) | 23,524.073 | 13.35 | 314,046 | |||
Qualified XXXVII | 37.479 | 10.22 | 383 | |||
Qualified LIII | 19,570.558 | 11.47 | 224,474 | |||
Qualified LIV | 48,660.208 | 11.43 | 556,186 | |||
Qualified LV | 35,822.043 | 11.49 | 411,595 | |||
6,607,998.064 | $ 83,010,426 |
281
VARIABLE ANNUITY ACCOUNT C OF | ||||||
ING LIFE INSURANCE AND ANNUITY COMPANY | ||||||
Notes to Financial Statements | ||||||
Division/Contract | Units | Unit Value | Extended Value | |||
ING Pioneer High Yield Portfolio - Initial Class | ||||||
Currently payable annuity contracts: | 14,273.396 | $ 11.14 | $ 159,006 | |||
Contracts in accumulation period: | ||||||
Qualified VI | 146,793.431 | 11.08 | 1,626,471 | |||
Qualified X (1.15) | 1,692.662 | 11.10 | 18,789 | |||
Qualified X (1.25) | 7,553.887 | 11.08 | 83,697 | |||
Qualified XII (0.00) | 469.388 | 11.32 | 5,313 | |||
Qualified XII (0.25) | 1.914 | 11.27 | 22 | |||
Qualified XII (0.30) | 10.945 | 11.26 | 123 | |||
Qualified XII (0.40) | 3,976.524 | 11.24 | 44,696 | |||
Qualified XII (0.50) | 15.481 | 11.23 | 174 | |||
Qualified XII (0.50) | 136,419.784 | 11.23 | 1,531,994 | |||
Qualified XII (0.55) | 314.614 | 11.22 | 3,530 | |||
Qualified XII (0.60) | 2,987.001 | 11.21 | 33,484 | |||
Qualified XII (0.65) | 369.860 | 11.20 | 4,142 | |||
Qualified XII (0.70) | 2,823.930 | 11.19 | 31,600 | |||
Qualified XII (0.75) | 784.367 | 11.18 | 8,769 | |||
Qualified XII (0.80) | 2,162.973 | 11.17 | 24,160 | |||
Qualified XII (0.85) | 10,869.158 | 11.16 | 121,300 | |||
Qualified XII (0.90) | 748.916 | 11.15 | 8,350 | |||
Qualified XII (0.95) | 31,112.363 | 11.14 | 346,592 | |||
Qualified XII (1.00) | 70,354.773 | 11.13 | 783,049 | |||
Qualified XII (1.05) | 3,457.478 | 11.12 | 38,447 | |||
Qualified XII (1.10) | 5,031.947 | 11.11 | 55,905 | |||
Qualified XII (1.15) | 548.623 | 11.10 | 6,090 | |||
Qualified XII (1.20) | 337.848 | 11.09 | 3,747 | |||
Qualified XII (1.25) | 8,142.071 | 11.08 | 90,214 | |||
Qualified XII (1.30) | 6.542 | 11.08 | 72 | |||
Qualified XII (1.35) | 85.929 | 11.07 | 951 | |||
Qualified XII (1.40) | 5,255.978 | 11.06 | 58,131 | |||
Qualified XII (1.50) | 1.322 | 11.04 | 15 | |||
Qualified XV | 280.037 | 11.14 | 3,120 | |||
Qualified XVI | 1,713.084 | 11.04 | 18,912 | |||
Qualified XVIII | 863.976 | 11.13 | 9,616 | |||
Qualified XXI | 2,359.834 | 11.17 | 26,359 | |||
Qualified XXVI | 656.070 | 11.15 | 7,315 | |||
Qualified LIII | 854.227 | 11.26 | 9,619 | |||
Qualified LIV | 1,054.866 | 11.23 | 11,846 | |||
Qualified LV | 764.081 | 11.29 | 8,626 | |||
465,149.280 | $ 5,184,246 |
282
VARIABLE ANNUITY ACCOUNT C OF | ||||||
ING LIFE INSURANCE AND ANNUITY COMPANY | ||||||
Notes to Financial Statements | ||||||
Division/Contract | Units | Unit Value | Extended Value | |||
ING Pioneer High Yield Portfolio - Service Class | ||||||
Contracts in accumulation period: | ||||||
ING MAP PLUS NP18 | 53.507 | $ 11.11 | $ 594 | |||
ING MAP PLUS NP22 | 289.531 | 11.08 | 3,208 | |||
ING MAP PLUS NP23 | 6,996.285 | 11.07 | 77,449 | |||
ING MAP PLUS NP24 | 625.615 | 11.06 | 6,919 | |||
ING MAP PLUS NP26 | 479.714 | 11.04 | 5,296 | |||
ING MAP PLUS NP28 | 178.472 | 11.02 | 1,967 | |||
8,623.124 | $ 95,433 | |||||
ING Solution 2015 Portfolio - Adviser Class | ||||||
Contracts in accumulation period: | ||||||
ING MAP PLUS NP1 | 108,666.868 | $ 12.38 | $ 1,345,296 | |||
ING MAP PLUS NP6 | 18,093.746 | 12.30 | 222,553 | |||
ING MAP PLUS NP8 | 96,378.769 | 12.27 | 1,182,567 | |||
ING MAP PLUS NP9 | 3,273.783 | 12.25 | 40,104 | |||
ING MAP PLUS NP10 | 223,822.846 | 12.23 | 2,737,353 | |||
ING MAP PLUS NP11 | 37,849.753 | 12.22 | 462,524 | |||
ING MAP PLUS NP13 | 5,796.187 | 12.19 | 70,656 | |||
ING MAP PLUS NP14 | 14,332.412 | 12.17 | 174,425 | |||
ING MAP PLUS NP15 | 29,977.788 | 12.15 | 364,230 | |||
ING MAP PLUS NP16 | 17,760.872 | 12.14 | 215,617 | |||
ING MAP PLUS NP17 | 45,817.361 | 12.12 | 555,306 | |||
ING MAP PLUS NP18 | 6,143.966 | 12.10 | 74,342 | |||
ING MAP PLUS NP19 | 37,838.965 | 12.09 | 457,473 | |||
ING MAP PLUS NP20 | 5,541.184 | 12.07 | 66,882 | |||
ING MAP PLUS NP21 | 28,259.648 | 12.06 | 340,811 | |||
ING MAP PLUS NP22 | 47,498.349 | 12.04 | 571,880 | |||
ING MAP PLUS NP23 | 23,809.514 | 12.02 | 286,190 | |||
ING MAP PLUS NP24 | 1,055.918 | 12.01 | 12,682 | |||
ING MAP PLUS NP25 | 164.502 | 11.99 | 1,972 | |||
ING MAP PLUS NP26 | 20,507.577 | 11.98 | 245,681 | |||
ING MAP PLUS NP28 | 7,821.578 | 11.94 | 93,390 | |||
ING MAP PLUS NP29 | 4,067.617 | 11.93 | 48,527 | |||
ING MAP PLUS NP30 | 68.406 | 11.91 | 815 | |||
ING MAP PLUS NP32 | 110.617 | 11.88 | 1,314 | |||
Qualified XXXV | 15,114.230 | 11.72 | 177,139 | |||
799,772.456 | $ 9,749,729 |
283
VARIABLE ANNUITY ACCOUNT C OF | ||||||
ING LIFE INSURANCE AND ANNUITY COMPANY | ||||||
Notes to Financial Statements | ||||||
Division/Contract | Units | Unit Value | Extended Value | |||
ING Solution 2015 Portfolio - Service Class | ||||||
Contracts in accumulation period: | ||||||
ING Custom Choice 62 | 762.677 | $ 12.07 | $ 9,206 | |||
Qualified V | 2,039.910 | 12.02 | 24,520 | |||
Qualified VI | 740,816.212 | 12.07 | 8,941,652 | |||
Qualified X (1.15) | 68,764.470 | 12.10 | 832,050 | |||
Qualified X (1.25) | 119,443.862 | 12.07 | 1,441,687 | |||
Qualified XII (0.00) | 30.371 | 12.48 | 379 | |||
Qualified XII (0.05) | 12,110.894 | 12.48 | 151,144 | |||
Qualified XII (0.05) | 21,495.244 | 12.48 | 268,261 | |||
Qualified XII (0.25) | 187,611.183 | 12.40 | 2,326,379 | |||
Qualified XII (0.30) | 27,936.513 | 12.38 | 345,854 | |||
Qualified XII (0.35) | 174,997.460 | 12.36 | 2,162,969 | |||
Qualified XII (0.40) | 438.450 | 12.35 | 5,415 | |||
Qualified XII (0.50) | 101.944 | 12.34 | 1,258 | |||
Qualified XII (0.50) | 151,358.015 | 12.31 | 1,863,217 | |||
Qualified XII (0.55) | 44,315.391 | 12.30 | 545,079 | |||
Qualified XII (0.60) | 121,823.860 | 12.28 | 1,495,997 | |||
Qualified XII (0.65) | 29,775.689 | 12.27 | 365,348 | |||
Qualified XII (0.70) | 44,810.191 | 12.25 | 548,925 | |||
Qualified XII (0.75) | 6,685.164 | 12.23 | 81,760 | |||
Qualified XII (0.80) | 57,237.871 | 12.22 | 699,447 | |||
Qualified XII (0.85) | 91,089.179 | 12.20 | 1,111,288 | |||
Qualified XII (0.90) | 21,983.905 | 12.18 | 267,764 | |||
Qualified XII (0.95) | 150,470.192 | 12.17 | 1,831,222 | |||
Qualified XII (1.00) | 84,834.237 | 12.15 | 1,030,736 | |||
Qualified XII (1.05) | 68,901.340 | 12.13 | 835,773 | |||
Qualified XII (1.10) | 13,246.932 | 12.12 | 160,553 | |||
Qualified XII (1.15) | 48,074.950 | 12.10 | 581,707 | |||
Qualified XII (1.20) | 3,858.123 | 12.09 | 46,645 | |||
Qualified XII (1.25) | 33,843.614 | 12.07 | 408,492 | |||
Qualified XII (1.30) | 208.172 | 12.05 | 2,508 | |||
Qualified XII (1.40) | 4,824.113 | 12.02 | 57,986 | |||
Qualified XII (1.45) | 355.936 | 12.01 | 4,275 | |||
Qualified XV | 13,009.694 | 12.17 | 158,328 | |||
Qualified XVI | 15,989.789 | 11.99 | 191,718 | |||
Qualified XVIII | 6,849.200 | 12.07 | 82,670 | |||
Qualified XXI | 38,152.810 | 12.22 | 466,227 | |||
Qualified XXV | 710.503 | 12.23 | 8,689 | |||
Qualified XXVI | 98.447 | 12.18 | 1,199 | |||
Qualified XXXII | 3,673.443 | 12.07 | 44,338 | |||
Qualified XXXVI | 5,462.996 | 12.30 | 67,195 | |||
Qualified LIII | 11,473.673 | 12.40 | 142,274 | |||
Qualified LIV | 11,202.439 | 12.36 | 138,462 | |||
Qualified LV | 15,873.915 | 12.42 | 197,154 | |||
Qualified LVI | 28,249.784 | 12.43 | 351,145 | |||
2,484,992.757 | $ 30,298,895 |
284
VARIABLE ANNUITY ACCOUNT C OF | ||||||
ING LIFE INSURANCE AND ANNUITY COMPANY | ||||||
Notes to Financial Statements | ||||||
Division/Contract | Units | Unit Value | Extended Value | |||
ING Solution 2025 Portfolio - Adviser Class | ||||||
Contracts in accumulation period: | ||||||
ING MAP PLUS NP1 | 207,619.872 | $ 12.85 | $ 2,667,915 | |||
ING MAP PLUS NP6 | 6,242.987 | 12.77 | 79,723 | |||
ING MAP PLUS NP8 | 103,546.659 | 12.73 | 1,318,149 | |||
ING MAP PLUS NP9 | 8,139.773 | 12.72 | 103,538 | |||
ING MAP PLUS NP10 | 125,966.507 | 12.70 | 1,599,775 | |||
ING MAP PLUS NP11 | 49,706.844 | 12.68 | 630,283 | |||
ING MAP PLUS NP13 | 29,959.934 | 12.65 | 378,993 | |||
ING MAP PLUS NP14 | 49,639.851 | 12.63 | 626,951 | |||
ING MAP PLUS NP15 | 49,662.590 | 12.61 | 626,245 | |||
ING MAP PLUS NP16 | 5,001.256 | 12.60 | 63,016 | |||
ING MAP PLUS NP17 | 32,287.920 | 12.58 | 406,182 | |||
ING MAP PLUS NP18 | 12,773.791 | 12.56 | 160,439 | |||
ING MAP PLUS NP19 | 31,638.114 | 12.55 | 397,058 | |||
ING MAP PLUS NP20 | 10,134.938 | 12.53 | 126,991 | |||
ING MAP PLUS NP21 | 81,529.871 | 12.51 | 1,019,939 | |||
ING MAP PLUS NP22 | 56,882.939 | 12.50 | 711,037 | |||
ING MAP PLUS NP23 | 18,235.483 | 12.48 | 227,579 | |||
ING MAP PLUS NP24 | 22,084.969 | 12.46 | 275,179 | |||
ING MAP PLUS NP25 | 1,158.058 | 12.45 | 14,418 | |||
ING MAP PLUS NP26 | 13,643.109 | 12.43 | 169,584 | |||
ING MAP PLUS NP28 | 5,865.195 | 12.40 | 72,728 | |||
ING MAP PLUS NP29 | 6,114.435 | 12.38 | 75,697 | |||
ING MAP PLUS NP30 | 6,826.601 | 12.36 | 84,377 | |||
ING MAP PLUS NP32 | 3,721.273 | 12.33 | 45,883 | |||
Qualified XXXV | 18,537.626 | 11.94 | 221,339 | |||
956,920.595 | $ 12,103,018 |
285
VARIABLE ANNUITY ACCOUNT C OF | ||||||
ING LIFE INSURANCE AND ANNUITY COMPANY | ||||||
Notes to Financial Statements | ||||||
Division/Contract | Units | Unit Value | Extended Value | |||
ING Solution 2025 Portfolio - Service Class | ||||||
Contracts in accumulation period: | ||||||
Qualified V | 1,592.629 | $ 12.48 | $ 19,876 | |||
Qualified VI | 924,040.961 | 12.53 | 11,578,233 | |||
Qualified X (1.15) | 23,037.821 | 12.57 | 289,585 | |||
Qualified X (1.25) | 96,780.129 | 12.53 | 1,212,655 | |||
Qualified XII (0.05) | 7,503.352 | 12.96 | 97,243 | |||
Qualified XII (0.05) | 233,573.907 | 12.96 | 3,027,118 | |||
Qualified XII (0.25) | 253,905.798 | 12.87 | 3,267,768 | |||
Qualified XII (0.30) | 24,350.575 | 12.86 | 313,148 | |||
Qualified XII (0.35) | 186,430.584 | 12.84 | 2,393,769 | |||
Qualified XII (0.40) | 7,855.586 | 12.82 | 100,709 | |||
Qualified XII (0.50) | 86,634.283 | 12.79 | 1,108,052 | |||
Qualified XII (0.55) | 29,061.984 | 12.77 | 371,122 | |||
Qualified XII (0.60) | 240,916.276 | 12.75 | 3,071,683 | |||
Qualified XII (0.65) | 23,517.086 | 12.74 | 299,608 | |||
Qualified XII (0.70) | 75,727.221 | 12.72 | 963,250 | |||
Qualified XII (0.75) | 431.007 | 12.70 | 5,474 | |||
Qualified XII (0.80) | 48,509.259 | 12.68 | 615,097 | |||
Qualified XII (0.85) | 118,560.048 | 12.67 | 1,502,156 | |||
Qualified XII (0.90) | 28,205.121 | 12.65 | 356,795 | |||
Qualified XII (0.95) | 226,103.807 | 12.63 | 2,855,691 | |||
Qualified XII (1.00) | 150,320.418 | 12.62 | 1,897,044 | |||
Qualified XII (1.05) | 63,913.822 | 12.60 | 805,314 | |||
Qualified XII (1.10) | 28,203.398 | 12.58 | 354,799 | |||
Qualified XII (1.15) | 40,203.705 | 12.57 | 505,361 | |||
Qualified XII (1.20) | 9,321.865 | 12.55 | 116,989 | |||
Qualified XII (1.25) | 22,806.093 | 12.53 | 285,760 | |||
Qualified XII (1.30) | 4,652.311 | 12.52 | 58,247 | |||
Qualified XII (1.35) | 128.733 | 12.50 | 1,609 | |||
Qualified XII (1.40) | 15,455.087 | 12.48 | 192,879 | |||
Qualified XII (1.45) | 2,173.457 | 12.47 | 27,103 | |||
Qualified XV | 844.037 | 12.63 | 10,660 | |||
Qualified XVI | 25,632.350 | 12.45 | 319,123 | |||
Qualified XVII | 121.583 | 12.53 | 1,523 | |||
Qualified XVIII | 289.678 | 12.53 | 3,630 | |||
Qualified XXI | 14,612.976 | 12.68 | 185,293 | |||
Qualified XXV | 9,318.106 | 12.70 | 118,340 | |||
Qualified XXVI | 599.539 | 12.65 | 7,584 | |||
Qualified XXVIII | 29,279.340 | 9.87 | 288,987 | |||
Qualified XXXII | 989.562 | 12.53 | 12,399 | |||
Qualified XXXVI | 250.345 | 12.77 | 3,197 | |||
Qualified LIII | 21,340.001 | 12.87 | 274,646 | |||
Qualified LIV | 18,618.133 | 12.83 | 238,871 | |||
Qualified LV | 11,482.411 | 12.90 | 148,123 | |||
Qualified LVI | 19,904.718 | 12.91 | 256,970 | |||
3,127,199.102 | $ 39,563,483 |
286
VARIABLE ANNUITY ACCOUNT C OF | ||||||
ING LIFE INSURANCE AND ANNUITY COMPANY | ||||||
Notes to Financial Statements | ||||||
Division/Contract | Units | Unit Value | Extended Value | |||
ING Solution 2035 Portfolio - Adviser Class | ||||||
Contracts in accumulation period: | ||||||
ING MAP PLUS NP1 | 83,771.137 | $ 13.32 | $ 1,115,832 | |||
ING MAP PLUS NP6 | 3,009.927 | 13.23 | 39,821 | |||
ING MAP PLUS NP8 | 161,060.325 | 13.19 | 2,124,386 | |||
ING MAP PLUS NP9 | 20,614.406 | 13.17 | 271,492 | |||
ING MAP PLUS NP10 | 73,493.035 | 13.16 | 967,168 | |||
ING MAP PLUS NP11 | 44,864.290 | 13.14 | 589,517 | |||
ING MAP PLUS NP13 | 17,955.717 | 13.10 | 235,220 | |||
ING MAP PLUS NP14 | 57,241.938 | 13.09 | 749,297 | |||
ING MAP PLUS NP15 | 58,364.426 | 13.07 | 762,823 | |||
ING MAP PLUS NP17 | 54,259.064 | 13.03 | 706,996 | |||
ING MAP PLUS NP18 | 6,602.892 | 13.02 | 85,970 | |||
ING MAP PLUS NP19 | 12,993.292 | 13.00 | 168,913 | |||
ING MAP PLUS NP20 | 8,372.212 | 12.98 | 108,671 | |||
ING MAP PLUS NP21 | 35,538.525 | 12.96 | 460,579 | |||
ING MAP PLUS NP22 | 65,791.778 | 12.95 | 852,004 | |||
ING MAP PLUS NP23 | 6,919.683 | 12.93 | 89,472 | |||
ING MAP PLUS NP24 | 3,458.905 | 12.91 | 44,654 | |||
ING MAP PLUS NP25 | 1,050.936 | 12.89 | 13,547 | |||
ING MAP PLUS NP26 | 9,732.156 | 12.88 | 125,350 | |||
ING MAP PLUS NP28 | 7,634.611 | 12.84 | 98,028 | |||
ING MAP PLUS NP29 | 8,834.386 | 12.83 | 113,345 | |||
ING MAP PLUS NP30 | 3,518.486 | 12.81 | 45,072 | |||
ING MAP PLUS NP32 | 1,150.482 | 12.77 | 14,692 | |||
Qualified XXXV | 3,847.016 | 12.24 | 47,087 | |||
750,079.625 | $ 9,829,936 |
287
VARIABLE ANNUITY ACCOUNT C OF | ||||||
ING LIFE INSURANCE AND ANNUITY COMPANY | ||||||
Notes to Financial Statements | ||||||
Division/Contract | Units | Unit Value | Extended Value | |||
ING Solution 2035 Portfolio - Service Class | ||||||
Contracts in accumulation period: | ||||||
Qualified VI | 524,485.774 | $ 12.97 | $ 6,802,580 | |||
Qualified X (1.15) | 9,627.709 | 13.01 | 125,256 | |||
Qualified X (1.25) | 48,484.989 | 12.97 | 628,850 | |||
Qualified XII (0.00) | 3.729 | 13.41 | 50 | |||
Qualified XII (0.05) | 14,584.333 | 13.41 | 195,576 | |||
Qualified XII (0.05) | 21,366.775 | 13.41 | 286,528 | |||
Qualified XII (0.25) | 232,729.205 | 13.32 | 3,099,953 | |||
Qualified XII (0.30) | 27,959.627 | 13.30 | 371,863 | |||
Qualified XII (0.35) | 116,661.940 | 13.29 | 1,550,437 | |||
Qualified XII (0.40) | 3,337.542 | 13.27 | 44,289 | |||
Qualified XII (0.50) | 617.692 | 13.26 | 8,191 | |||
Qualified XII (0.50) | 81,082.686 | 13.23 | 1,072,724 | |||
Qualified XII (0.55) | 25,437.986 | 13.22 | 336,290 | |||
Qualified XII (0.60) | 103,554.697 | 13.20 | 1,366,922 | |||
Qualified XII (0.65) | 15,910.979 | 13.18 | 209,707 | |||
Qualified XII (0.70) | 71,264.518 | 13.16 | 937,841 | |||
Qualified XII (0.75) | 1,449.310 | 13.15 | 19,058 | |||
Qualified XII (0.80) | 9,217.532 | 13.13 | 121,026 | |||
Qualified XII (0.85) | 165,296.957 | 13.11 | 2,167,043 | |||
Qualified XII (0.90) | 29,796.147 | 13.09 | 390,032 | |||
Qualified XII (0.95) | 178,983.706 | 13.08 | 2,341,107 | |||
Qualified XII (1.00) | 143,179.516 | 13.06 | 1,869,924 | |||
Qualified XII (1.05) | 49,043.710 | 13.04 | 639,530 | |||
Qualified XII (1.10) | 12,883.827 | 13.02 | 167,747 | |||
Qualified XII (1.15) | 37,838.813 | 13.01 | 492,283 | |||
Qualified XII (1.20) | 13,812.776 | 12.99 | 179,428 | |||
Qualified XII (1.25) | 29,607.745 | 12.97 | 384,012 | |||
Qualified XII (1.30) | 670.127 | 12.95 | 8,678 | |||
Qualified XII (1.40) | 14,870.803 | 12.92 | 192,131 | |||
Qualified XII (1.45) | 177.432 | 12.90 | 2,289 | |||
Qualified XII (1.50) | 1,810.463 | 12.88 | 23,319 | |||
Qualified XV | 258.830 | 13.08 | 3,385 | |||
Qualified XVI | 34,807.773 | 12.88 | 448,324 | |||
Qualified XVIII | 1,595.199 | 12.97 | 20,690 | |||
Qualified XXI | 8,960.594 | 13.13 | 117,653 | |||
Qualified XXV | 5,010.537 | 13.15 | 65,889 | |||
Qualified XXVI | 122.994 | 13.09 | 1,610 | |||
Qualified XXXII | 2,199.766 | 12.97 | 28,531 | |||
Qualified XXXVI | 5,302.486 | 13.22 | 70,099 | |||
Qualified LIII | 19,280.465 | 13.32 | 256,816 | |||
Qualified LIV | 8,291.826 | 13.28 | 110,115 | |||
Qualified LV | 24,970.367 | 13.35 | 333,354 | |||
Qualified LVI | 3,992.789 | 13.36 | 53,344 | |||
2,100,542.671 | $ 27,544,474 |
288
VARIABLE ANNUITY ACCOUNT C OF | ||||||
ING LIFE INSURANCE AND ANNUITY COMPANY | ||||||
Notes to Financial Statements | ||||||
Division/Contract | Units | Unit Value | Extended Value | |||
ING Solution 2045 Portfolio - Adviser Class | ||||||
Contracts in accumulation period: | ||||||
ING MAP PLUS NP1 | 151,348.809 | $ 13.75 | $ 2,081,046 | |||
ING MAP PLUS NP6 | 8,196.671 | 13.66 | 111,967 | |||
ING MAP PLUS NP8 | 137,664.825 | 13.62 | 1,874,995 | |||
ING MAP PLUS NP9 | 31,270.596 | 13.60 | 425,280 | |||
ING MAP PLUS NP10 | 9,792.216 | 13.59 | 133,076 | |||
ING MAP PLUS NP11 | 27,758.279 | 13.57 | 376,680 | |||
ING MAP PLUS NP13 | 26,646.123 | 13.53 | 360,522 | |||
ING MAP PLUS NP14 | 25,241.902 | 13.51 | 341,018 | |||
ING MAP PLUS NP15 | 52,905.132 | 13.50 | 714,219 | |||
ING MAP PLUS NP17 | 26,705.454 | 13.46 | 359,455 | |||
ING MAP PLUS NP18 | 4,509.654 | 13.44 | 60,610 | |||
ING MAP PLUS NP19 | 1,862.198 | 13.42 | 24,991 | |||
ING MAP PLUS NP20 | 2,322.122 | 13.41 | 31,140 | |||
ING MAP PLUS NP21 | 23,279.076 | 13.39 | 311,707 | |||
ING MAP PLUS NP22 | 10,160.589 | 13.37 | 135,847 | |||
ING MAP PLUS NP23 | 13,790.559 | 13.35 | 184,104 | |||
ING MAP PLUS NP24 | 3,534.130 | 13.33 | 47,110 | |||
ING MAP PLUS NP25 | 1,636.990 | 13.32 | 21,805 | |||
ING MAP PLUS NP26 | 2,311.986 | 13.30 | 30,749 | |||
ING MAP PLUS NP28 | 8,048.394 | 13.26 | 106,722 | |||
ING MAP PLUS NP29 | 2,867.761 | 13.24 | 37,969 | |||
ING MAP PLUS NP30 | 1,786.342 | 13.23 | 23,633 | |||
ING MAP PLUS NP32 | 2,885.095 | 13.19 | 38,054 | |||
Qualified XXXV | 2,003.619 | 12.42 | 24,885 | |||
578,528.522 | $ 7,857,584 |
289
VARIABLE ANNUITY ACCOUNT C OF | ||||||
ING LIFE INSURANCE AND ANNUITY COMPANY | ||||||
Notes to Financial Statements | ||||||
Division/Contract | Units | Unit Value | Extended Value | |||
ING Solution 2045 Portfolio - Service Class | ||||||
Contracts in accumulation period: | ||||||
Qualified VI | 406,376.472 | $ 13.38 | $ 5,437,317 | |||
Qualified X (1.15) | 9,264.115 | 13.42 | 124,324 | |||
Qualified X (1.25) | 32,509.081 | 13.38 | 434,972 | |||
Qualified XII (0.00) | 66.095 | 13.84 | 915 | |||
Qualified XII (0.05) | 13,254.009 | 13.84 | 183,435 | |||
Qualified XII (0.05) | 35,876.378 | 13.84 | 496,529 | |||
Qualified XII (0.25) | 83,862.188 | 13.75 | 1,153,105 | |||
Qualified XII (0.30) | 24,326.837 | 13.73 | 334,007 | |||
Qualified XII (0.35) | 12,540.374 | 13.71 | 171,929 | |||
Qualified XII (0.40) | 441.402 | 13.69 | 6,043 | |||
Qualified XII (0.50) | 1,443.989 | 13.68 | 19,754 | |||
Qualified XII (0.50) | 44,478.129 | 13.66 | 607,571 | |||
Qualified XII (0.55) | 11,576.804 | 13.64 | 157,908 | |||
Qualified XII (0.60) | 40,035.346 | 13.62 | 545,281 | |||
Qualified XII (0.65) | 7,939.959 | 13.60 | 107,983 | |||
Qualified XII (0.70) | 42,155.705 | 13.58 | 572,474 | |||
Qualified XII (0.75) | 1,594.809 | 13.56 | 21,626 | |||
Qualified XII (0.80) | 27,173.043 | 13.55 | 368,195 | |||
Qualified XII (0.85) | 75,668.863 | 13.53 | 1,023,800 | |||
Qualified XII (0.90) | 8,193.317 | 13.51 | 110,692 | |||
Qualified XII (0.95) | 95,845.621 | 13.49 | 1,292,957 | |||
Qualified XII (1.00) | 113,690.748 | 13.47 | 1,531,414 | |||
Qualified XII (1.05) | 42,982.127 | 13.46 | 578,539 | |||
Qualified XII (1.10) | 15,364.086 | 13.44 | 206,493 | |||
Qualified XII (1.15) | 14,279.766 | 13.42 | 191,634 | |||
Qualified XII (1.20) | 15,053.741 | 13.40 | 201,720 | |||
Qualified XII (1.25) | 19,854.007 | 13.38 | 265,647 | |||
Qualified XII (1.30) | 167.099 | 13.37 | 2,234 | |||
Qualified XII (1.35) | 16.137 | 13.35 | 215 | |||
Qualified XII (1.40) | 13,264.194 | 13.33 | 176,812 | |||
Qualified XII (1.45) | 153.056 | 13.31 | 2,037 | |||
Qualified XV | 931.579 | 13.49 | 12,567 | |||
Qualified XVI | 14,185.416 | 13.29 | 188,524 | |||
Qualified XXI | 9,808.030 | 13.55 | 132,899 | |||
Qualified XXV | 620.932 | 13.56 | 8,420 | |||
Qualified XXVI | 1,715.406 | 13.51 | 23,175 | |||
Qualified XXVIII | 1,027.587 | 9.89 | 10,163 | |||
Qualified XXXVI | 10,654.275 | 13.64 | 145,324 | |||
Qualified LIII | 14,351.951 | 13.75 | 197,339 | |||
Qualified LIV | 9,148.595 | 13.71 | 125,427 | |||
Qualified LV | 20,391.063 | 13.78 | 280,989 | |||
Qualified LVI | 705.773 | 13.78 | 9,726 | |||
1,292,988.104 | $ 17,462,115 |
290
VARIABLE ANNUITY ACCOUNT C OF | ||||||
ING LIFE INSURANCE AND ANNUITY COMPANY | ||||||
Notes to Financial Statements | ||||||
Division/Contract | Units | Unit Value | Extended Value | |||
ING Solution Income Portfolio - Adviser Class | ||||||
Contracts in accumulation period: | ||||||
ING MAP PLUS NP1 | 7,023.270 | $ 11.65 | $ 81,821 | |||
ING MAP PLUS NP6 | 32,622.733 | 11.58 | 377,771 | |||
ING MAP PLUS NP8 | 144,722.104 | 11.54 | 1,670,093 | |||
ING MAP PLUS NP10 | 349,822.222 | 11.51 | 4,026,454 | |||
ING MAP PLUS NP11 | 23,595.898 | 11.50 | 271,353 | |||
ING MAP PLUS NP13 | 1,033.332 | 11.47 | 11,852 | |||
ING MAP PLUS NP14 | 4,994.416 | 11.45 | 57,186 | |||
ING MAP PLUS NP15 | 11,245.735 | 11.44 | 128,651 | |||
ING MAP PLUS NP17 | 2,801.160 | 11.41 | 31,961 | |||
ING MAP PLUS NP18 | 1,937.504 | 11.39 | 22,068 | |||
ING MAP PLUS NP19 | 5,106.253 | 11.38 | 58,109 | |||
ING MAP PLUS NP20 | 14,182.514 | 11.36 | 161,113 | |||
ING MAP PLUS NP21 | 28,149.187 | 11.34 | 319,212 | |||
ING MAP PLUS NP22 | 1,874.868 | 11.33 | 21,242 | |||
ING MAP PLUS NP23 | 1,345.292 | 11.31 | 15,215 | |||
ING MAP PLUS NP24 | 424.304 | 11.30 | 4,795 | |||
ING MAP PLUS NP25 | 511.480 | 11.28 | 5,769 | |||
ING MAP PLUS NP26 | 1,462.469 | 11.27 | 16,482 | |||
ING MAP PLUS NP28 | 350.653 | 11.24 | 3,941 | |||
ING MAP PLUS NP29 | 168.220 | 11.22 | 1,887 | |||
Qualified XXXV | 12,364.290 | 11.35 | 140,335 | |||
645,737.904 | $ 7,427,310 |
291
VARIABLE ANNUITY ACCOUNT C OF | ||||||
ING LIFE INSURANCE AND ANNUITY COMPANY | ||||||
Notes to Financial Statements | ||||||
Division/Contract | Units | Unit Value | Extended Value | |||
ING Solution Income Portfolio - Service Class | ||||||
Contracts in accumulation period: | ||||||
Qualified VI | 155,681.344 | $ 11.35 | $ 1,766,983 | |||
Qualified X (1.15) | 12,055.179 | 11.38 | 137,188 | |||
Qualified X (1.25) | 82,716.503 | 11.35 | 938,832 | |||
Qualified XII (0.05) | 1,352.033 | 11.74 | 15,873 | |||
Qualified XII (0.05) | 3,513.509 | 11.74 | 41,249 | |||
Qualified XII (0.25) | 35,162.850 | 11.66 | 409,999 | |||
Qualified XII (0.30) | 56,353.541 | 11.64 | 655,955 | |||
Qualified XII (0.35) | 6,465.878 | 11.63 | 75,198 | |||
Qualified XII (0.40) | 377.579 | 11.61 | 4,384 | |||
Qualified XII (0.50) | 72,215.886 | 11.58 | 836,260 | |||
Qualified XII (0.55) | 5,294.866 | 11.57 | 61,262 | |||
Qualified XII (0.60) | 21,338.474 | 11.55 | 246,459 | |||
Qualified XII (0.65) | 226.511 | 11.54 | 2,614 | |||
Qualified XII (0.70) | 3,236.159 | 11.52 | 37,281 | |||
Qualified XII (0.75) | 5,311.270 | 11.51 | 61,133 | |||
Qualified XII (0.80) | 363.171 | 11.49 | 4,173 | |||
Qualified XII (0.85) | 44,499.505 | 11.47 | 510,409 | |||
Qualified XII (0.90) | 5,657.537 | 11.46 | 64,835 | |||
Qualified XII (0.95) | 48,338.948 | 11.44 | 552,998 | |||
Qualified XII (1.00) | 32,055.366 | 11.43 | 366,393 | |||
Qualified XII (1.05) | 14,214.056 | 11.41 | 162,182 | |||
Qualified XII (1.10) | 4,345.779 | 11.40 | 49,542 | |||
Qualified XII (1.15) | 1,333.417 | 11.38 | 15,174 | |||
Qualified XII (1.20) | 336.572 | 11.37 | 3,827 | |||
Qualified XII (1.25) | 3,711.552 | 11.35 | 42,126 | |||
Qualified XII (1.30) | 2.660 | 11.34 | 30 | |||
Qualified XII (1.40) | 657.248 | 11.31 | 7,433 | |||
Qualified XVI | 1,564.517 | 11.28 | 17,648 | |||
Qualified XVIII | 791.804 | 11.35 | 8,987 | |||
Qualified XXI | 2,391.768 | 11.49 | 27,481 | |||
Qualified XXXII | 1,177.812 | 11.35 | 13,368 | |||
Qualified LIV | 1,177.157 | 11.63 | 13,690 | |||
Qualified LV | 20,021.220 | 11.69 | 234,048 | |||
Qualified LVI | 2.890 | 11.69 | 34 | |||
643,944.561 | $ 7,385,048 | |||||
ING T. Rowe Price Diversified Mid Cap Growth Portfolio - | ||||||
Adviser Class | ||||||
Contracts in accumulation period: | ||||||
Qualified XXXV | 28,775.555 | $ 12.70 | $ 365,450 | |||
28,775.555 | $ 365,450 |
292
VARIABLE ANNUITY ACCOUNT C OF | ||||||
ING LIFE INSURANCE AND ANNUITY COMPANY | ||||||
Notes to Financial Statements | ||||||
Division/Contract | Units | Unit Value | Extended Value | |||
ING T. Rowe Price Diversified Mid Cap Growth Portfolio - | ||||||
Initial Class | ||||||
Currently payable annuity contracts: | 53,680.912 | $ 13.59 | $ 729,524 | |||
Contracts in accumulation period: | ||||||
ING Custom Choice 62 | 185.990 | 13.39 | 2,490 | |||
ING MAP PLUS NP8 | 258.100 | 12.10 | 3,123 | |||
ING MAP PLUS NP12 | 56.778 | 12.05 | 684 | |||
ING MAP PLUS NP15 | 2,645.599 | 12.01 | 31,774 | |||
ING MAP PLUS NP18 | 1,083.313 | 11.98 | 12,978 | |||
ING MAP PLUS NP20 | 1,056.608 | 11.95 | 12,626 | |||
ING MAP PLUS NP26 | 62.840 | 11.88 | 747 | |||
ING MAP PLUS NP28 | 3,207.765 | 11.86 | 38,044 | |||
ING MAP PLUS NP29 | 245.334 | 11.84 | 2,905 | |||
Qualified V | 1,792.625 | 13.32 | 23,878 | |||
Qualified VI | 11,349,582.190 | 13.39 | 151,970,906 | |||
Qualified VIII | 15,273.263 | 13.38 | 204,356 | |||
Qualified X (1.15) | 408,576.049 | 13.42 | 5,483,091 | |||
Qualified X (1.25) | 750,960.491 | 13.80 | 10,363,255 | |||
Qualified XII (0.00) | 17.162 | 14.35 | 246 | |||
Qualified XII (0.05) | 168,996.071 | 14.35 | 2,425,094 | |||
Qualified XII (0.20) | 100,281.143 | 14.18 | 1,421,987 | |||
Qualified XII (0.25) | 28,847.689 | 14.18 | 409,060 | |||
Qualified XII (0.30) | 76,716.206 | 13.76 | 1,055,615 | |||
Qualified XII (0.35) | 52,729.828 | 14.13 | 745,072 | |||
Qualified XII (0.40) | 55,809.459 | 13.72 | 765,706 | |||
Qualified XII (0.45) | 841.499 | 13.70 | 11,529 | |||
Qualified XII (0.50) | 424,163.374 | 14.13 | 5,993,428 | |||
Qualified XII (0.50) | 108,490.627 | 13.72 | 1,488,491 | |||
Qualified XII (0.55) | 183,460.889 | 14.01 | 2,570,287 | |||
Qualified XII (0.60) | 310,862.380 | 13.99 | 4,348,965 | |||
Qualified XII (0.65) | 53,236.986 | 13.95 | 742,656 | |||
Qualified XII (0.70) | 427,747.498 | 13.92 | 5,954,245 | |||
Qualified XII (0.75) | 402,624.981 | 13.88 | 5,588,435 | |||
Qualified XII (0.80) | 1,029,744.753 | 14.00 | 14,416,427 | |||
Qualified XII (0.85) | 1,097,828.114 | 13.54 | 14,864,593 | |||
Qualified XII (0.90) | 74,483.879 | 13.95 | 1,039,050 | |||
Qualified XII (0.95) | 1,639,397.437 | 13.95 | 22,869,594 | |||
Qualified XII (1.00) | 2,600,163.595 | 13.48 | 35,050,205 | |||
Qualified XII (1.05) | 325,462.600 | 13.46 | 4,380,727 | |||
Qualified XII (1.10) | 253,546.920 | 13.44 | 3,407,671 | |||
Qualified XII (1.15) | 220,002.209 | 13.84 | 3,044,831 | |||
Qualified XII (1.20) | 108,033.339 | 13.41 | 1,448,727 | |||
Qualified XII (1.25) | 154,634.007 | 13.80 | 2,133,949 | |||
Qualified XII (1.30) | 12,859.277 | 13.78 | 177,201 | |||
Qualified XII (1.35) | 11,270.441 | 13.35 | 150,460 |
293
VARIABLE ANNUITY ACCOUNT C OF | ||||||
ING LIFE INSURANCE AND ANNUITY COMPANY | ||||||
Notes to Financial Statements | ||||||
Division/Contract | Units | Unit Value | Extended Value | |||
ING T. Rowe Price Diversified Mid Cap Growth Portfolio - | ||||||
Initial Class (continued) | ||||||
Qualified XII (1.40) | 49,570.103 | $ 13.33 | $ 660,769 | |||
Qualified XII (1.45) | 5,365.324 | 13.31 | 71,412 | |||
Qualified XII (1.50) | 8,707.117 | 13.29 | 115,718 | |||
Qualified XV | 134,089.125 | 13.50 | 1,810,203 | |||
Qualified XVI | 260,787.827 | 13.29 | 3,465,870 | |||
Qualified XVII | 16,111.441 | 13.39 | 215,732 | |||
Qualified XVIII | 31,230.448 | 13.39 | 418,176 | |||
Qualified XXI | 256,546.057 | 13.56 | 3,478,765 | |||
Qualified XXII | 95.213 | 13.70 | 1,304 | |||
Qualified XXV | 162,993.390 | 13.58 | 2,213,450 | |||
Qualified XXVI | 121,342.359 | 13.52 | 1,640,549 | |||
Qualified XXVII | 3,997,571.043 | 13.57 | 54,247,039 | |||
Qualified XXVIII | 443,635.881 | 13.57 | 6,020,139 | |||
Qualified XXXII | 18,121.382 | 13.39 | 242,645 | |||
Qualified XXXVI | 82,810.473 | 13.66 | 1,131,191 | |||
Qualified LIII | 215,746.435 | 14.37 | 3,100,276 | |||
Qualified LIV | 83,507.295 | 14.33 | 1,196,660 | |||
Qualified LV | 167,012.749 | 14.40 | 2,404,984 | |||
Qualified LVI | 102,736.813 | 14.41 | 1,480,437 | |||
28,668,900.695 | $ 389,299,951 | |||||
ING T. Rowe Price Diversified Mid Cap Growth Portfolio - | ||||||
Service Class | ||||||
Contracts in accumulation period: | ||||||
ING MAP PLUS NP1 | 1,435.133 | $ 13.94 | $ 20,006 | |||
ING MAP PLUS NP8 | 1,351.634 | 13.75 | 18,585 | |||
ING MAP PLUS NP11 | 11,455.023 | 13.67 | 156,590 | |||
ING MAP PLUS NP12 | 6,516.049 | 13.65 | 88,944 | |||
ING MAP PLUS NP20 | 11,605.727 | 13.43 | 155,865 | |||
ING MAP PLUS NP23 | 965.804 | 13.36 | 12,903 | |||
ING MAP PLUS NP26 | 32.350 | 13.28 | 430 | |||
Qualified VI | 23.446 | 9.93 | 233 | |||
Qualified XII (1.00) | 5,974.915 | 10.08 | 60,227 | |||
39,360.081 | $ 513,783 | |||||
ING T. Rowe Price Growth Equity Portfolio - Adviser Class | ||||||
Contracts in accumulation period: | ||||||
Qualified XXXV | 91,886.937 | $ 12.57 | $ 1,155,019 | |||
91,886.937 | $ 1,155,019 |
294
VARIABLE ANNUITY ACCOUNT C OF | ||||||
ING LIFE INSURANCE AND ANNUITY COMPANY | ||||||
Notes to Financial Statements | ||||||
Division/Contract | Units | Unit Value | Extended Value | |||
ING T. Rowe Price Growth Equity Portfolio - Initial Class | ||||||
Currently payable annuity contracts: | 88,391.133 | $10.39 to $17.35 | $ 1,362,806 | |||
Contracts in accumulation period: | ||||||
ING Custom Choice 62 | 3,089.528 | 14.22 | 43,933 | |||
Qualified V | 1,772.841 | 26.03 | 46,147 | |||
Qualified VI | 3,376,758.709 | 26.01 | 87,829,494 | |||
Qualified VIII | 2,658.639 | 26.53 | 70,534 | |||
Qualified X (1.15) | 166,326.944 | 29.50 | 4,906,645 | |||
Qualified X (1.25) | 304,257.782 | 23.96 | 7,290,016 | |||
Qualified XII (0.00) | 44.489 | 17.78 | 791 | |||
Qualified XII (0.05) | 19,728.074 | 28.22 | 556,726 | |||
Qualified XII (0.20) | 76,726.446 | 17.44 | 1,338,109 | |||
Qualified XII (0.25) | 3,794.122 | 17.36 | 65,866 | |||
Qualified XII (0.30) | 200,701.465 | 17.28 | 3,468,121 | |||
Qualified XII (0.35) | 26,613.711 | 17.19 | 457,490 | |||
Qualified XII (0.40) | 16,766.858 | 26.09 | 437,447 | |||
Qualified XII (0.45) | 361.447 | 17.03 | 6,155 | |||
Qualified XII (0.50) | 6,007.165 | 14.89 | 89,447 | |||
Qualified XII (0.50) | 250,854.639 | 17.71 | 4,442,636 | |||
Qualified XII (0.55) | 93,735.292 | 16.87 | 1,581,314 | |||
Qualified XII (0.60) | 163,563.201 | 16.79 | 2,746,226 | |||
Qualified XII (0.65) | 157,029.453 | 16.70 | 2,622,392 | |||
Qualified XII (0.70) | 303,391.332 | 16.62 | 5,042,364 | |||
Qualified XII (0.75) | 340,259.837 | 16.54 | 5,627,898 | |||
Qualified XII (0.80) | 425,735.620 | 18.14 | 7,722,844 | |||
Qualified XII (0.85) | 336,595.675 | 25.10 | 8,448,551 | |||
Qualified XII (0.90) | 18,687.849 | 17.44 | 325,916 | |||
Qualified XII (0.95) | 1,050,004.721 | 24.81 | 26,050,617 | |||
Qualified XII (1.00) | 941,943.779 | 24.67 | 23,237,753 | |||
Qualified XII (1.05) | 111,470.062 | 24.52 | 2,733,246 | |||
Qualified XII (1.10) | 59,841.384 | 24.38 | 1,458,933 | |||
Qualified XII (1.15) | 69,959.479 | 24.24 | 1,695,818 | |||
Qualified XII (1.20) | 26,132.972 | 24.10 | 629,805 | |||
Qualified XII (1.25) | 87,681.092 | 23.96 | 2,100,839 | |||
Qualified XII (1.30) | 3,001.503 | 23.82 | 71,496 | |||
Qualified XII (1.35) | 2,269.727 | 23.68 | 53,747 | |||
Qualified XII (1.40) | 13,009.655 | 23.54 | 306,247 | |||
Qualified XII (1.45) | 2,188.404 | 23.41 | 51,231 | |||
Qualified XII (1.50) | 1,234.766 | 23.27 | 28,733 | |||
Qualified XV | 12,333.002 | 26.88 | 331,511 | |||
Qualified XVI | 103,162.861 | 25.32 | 2,612,084 | |||
Qualified XVII | 10,725.408 | 26.01 | 278,968 | |||
Qualified XVIII | 12,761.503 | 29.13 | 371,743 | |||
Qualified XXI | 48,671.649 | 27.23 | 1,325,329 |
295
VARIABLE ANNUITY ACCOUNT C OF | ||||||
ING LIFE INSURANCE AND ANNUITY COMPANY | ||||||
Notes to Financial Statements | ||||||
Division/Contract | Units | Unit Value | Extended Value | |||
ING T. Rowe Price Growth Equity Portfolio - Initial Class | ||||||
(continued) | ||||||
Qualified XXII | 51.384 | $ 27.78 | $ 1,427 | |||
Qualified XXV | 13,688.706 | 26.97 | 369,184 | |||
Qualified XXVI | 22,189.094 | 26.67 | 591,783 | |||
Qualified XXVII | 1,294,160.199 | 30.54 | 39,523,652 | |||
Qualified XXVIII | 706,963.979 | 30.45 | 21,527,053 | |||
Qualified XXXII | 10,691.001 | 14.36 | 153,523 | |||
Qualified XXXIII (0.65) | 7,776.565 | 14.67 | 114,082 | |||
Qualified XXXVI | 11,043.923 | 14.76 | 163,008 | |||
Qualified LIII | 29,469.034 | 14.12 | 416,103 | |||
Qualified LIV | 56,241.023 | 14.08 | 791,874 | |||
Qualified LV | 83,561.419 | 14.15 | 1,182,394 | |||
Qualified LVI | 22,841.047 | 14.15 | 323,201 | |||
11,198,921.592 | $ 275,025,252 | |||||
ING T. Rowe Price Growth Equity Portfolio - Service Class | ||||||
Contracts in accumulation period: | ||||||
ING MAP PLUS NP1 | 7,327.651 | $ 14.14 | $ 103,613 | |||
ING MAP PLUS NP9 | 2,058.947 | 13.92 | 28,661 | |||
ING MAP PLUS NP10 | 15,796.440 | 13.89 | 219,413 | |||
ING MAP PLUS NP11 | 22,750.514 | 13.86 | 315,322 | |||
ING MAP PLUS NP16 | 2,006.428 | 13.73 | 27,548 | |||
ING MAP PLUS NP17 | 13,423.988 | 13.70 | 183,909 | |||
ING MAP PLUS NP18 | 858.552 | 13.67 | 11,736 | |||
ING MAP PLUS NP21 | 1,308.171 | 13.59 | 17,778 | |||
ING MAP PLUS NP22 | 830.856 | 13.57 | 11,275 | |||
ING MAP PLUS NP23 | 489.555 | 13.54 | 6,629 | |||
ING MAP PLUS NP24 | 1,808.618 | 13.51 | 24,434 | |||
ING MAP PLUS NP25 | 845.071 | 13.49 | 11,400 | |||
ING MAP PLUS NP26 | 1,532.843 | 13.46 | 20,632 | |||
ING MAP PLUS NP27 | 344.354 | 13.44 | 4,628 | |||
ING MAP PLUS NP28 | 1,327.195 | 13.41 | 17,798 | |||
ING MAP PLUS NP30 | 1,038.624 | 13.36 | 13,876 | |||
ING MAP PLUS NP32 | 297.333 | 13.31 | 3,958 | |||
Qualified XII (1.00) | 13,680.550 | 15.48 | 211,775 | |||
87,725.690 | $ 1,234,385 |
296
VARIABLE ANNUITY ACCOUNT C OF | ||||||
ING LIFE INSURANCE AND ANNUITY COMPANY | ||||||
Notes to Financial Statements | ||||||
Division/Contract | Units | Unit Value | Extended Value | |||
ING Templeton Foreign Equity Portfolio - Service Class | ||||||
Contracts in accumulation period: | ||||||
ING Custom Choice 62 | 357.884 | $ 12.72 | $ 4,552 | |||
ING MAP PLUS NP17 | 4.528 | 12.81 | 58 | |||
ING MAP PLUS NP25 | 438.251 | 12.73 | 5,579 | |||
Qualified VI | 151,871.542 | 12.72 | 1,931,806 | |||
Qualified XII (0.00) | 345.114 | 12.99 | 4,483 | |||
Qualified XII (0.25) | 35.324 | 12.93 | 457 | |||
Qualified XII (0.40) | 487.626 | 12.90 | 6,290 | |||
Qualified XII (0.50) | 69,960.323 | 12.88 | 901,089 | |||
Qualified XII (0.55) | 971.462 | 12.87 | 12,503 | |||
Qualified XII (0.60) | 1,180.181 | 12.86 | 15,177 | |||
Qualified XII (0.65) | 656.419 | 12.85 | 8,435 | |||
Qualified XII (0.70) | 5,270.737 | 12.83 | 67,624 | |||
Qualified XII (0.75) | 3,970.349 | 12.82 | 50,900 | |||
Qualified XII (0.80) | 19,551.931 | 12.81 | 250,460 | |||
Qualified XII (0.85) | 14,088.939 | 12.80 | 180,338 | |||
Qualified XII (0.90) | 1,340.178 | 12.79 | 17,141 | |||
Qualified XII (0.95) | 28,130.624 | 12.78 | 359,509 | |||
Qualified XII (1.00) | 92,850.767 | 12.77 | 1,185,704 | |||
Qualified XII (1.05) | 3,384.136 | 12.76 | 43,182 | |||
Qualified XII (1.10) | 3,529.991 | 12.75 | 45,007 | |||
Qualified XII (1.15) | 7,541.870 | 12.74 | 96,083 | |||
Qualified XII (1.20) | 1,908.218 | 12.73 | 24,292 | |||
Qualified XII (1.25) | 4,608.743 | 12.72 | 58,623 | |||
Qualified XII (1.35) | 809.072 | 12.70 | 10,275 | |||
Qualified XII (1.40) | 395.978 | 12.68 | 5,021 | |||
Qualified XII (1.45) | 11.912 | 12.67 | 151 | |||
Qualified XV | 230.631 | 12.78 | 2,947 | |||
Qualified XVI | 1,434.791 | 12.66 | 18,164 | |||
Qualified XVII | 54.597 | 12.72 | 694 | |||
Qualified XXI | 4,053.140 | 12.81 | 51,921 | |||
Qualified XXV | 1,395.678 | 12.82 | 17,893 | |||
Qualified XXVI | 128.323 | 12.79 | 1,641 | |||
Qualified LIII | 1,572.189 | 12.92 | 20,313 | |||
Qualified LIV | 2,037.122 | 12.88 | 26,238 | |||
Qualified LV | 663.837 | 12.95 | 8,597 | |||
425,272.407 | $ 5,433,147 | |||||
ING Thornburg Value Portfolio - Adviser Class | ||||||
Contracts in accumulation period: | ||||||
Qualified XXXV | 41,369.030 | $ 12.60 | $ 521,250 | |||
41,369.030 | $ 521,250 |
297
VARIABLE ANNUITY ACCOUNT C OF | ||||||
ING LIFE INSURANCE AND ANNUITY COMPANY | ||||||
Notes to Financial Statements | ||||||
Division/Contract | Units | Unit Value | Extended Value | |||
ING Thornburg Value Portfolio - Initial Class | ||||||
Currently payable annuity contracts: | 57,875.896 | $7.56 to $29.26 | $ 831,426 | |||
Contracts in accumulation period: | ||||||
Qualified V | 449.420 | 28.73 | 12,912 | |||
Qualified VI | 1,023,020.430 | 29.26 | 29,933,578 | |||
Qualified VIII | 4,082.084 | 25.13 | 102,583 | |||
Qualified X (1.15) | 41,524.940 | 12.84 | 533,180 | |||
Qualified X (1.25) | 123,209.547 | 12.72 | 1,567,225 | |||
Qualified XII (0.05) | 9,808.776 | 31.75 | 311,429 | |||
Qualified XII (0.20) | 18,709.763 | 14.24 | 266,427 | |||
Qualified XII (0.25) | 1,388.629 | 14.17 | 19,677 | |||
Qualified XII (0.30) | 14,977.228 | 14.10 | 211,179 | |||
Qualified XII (0.35) | 3,686.579 | 14.03 | 51,723 | |||
Qualified XII (0.40) | 7,892.680 | 20.51 | 161,879 | |||
Qualified XII (0.45) | 5.887 | 13.90 | 82 | |||
Qualified XII (0.50) | 6,244.583 | 12.38 | 77,308 | |||
Qualified XII (0.50) | 53,234.433 | 14.68 | 781,481 | |||
Qualified XII (0.55) | 42,500.818 | 13.77 | 585,236 | |||
Qualified XII (0.60) | 35,793.393 | 13.70 | 490,369 | |||
Qualified XII (0.65) | 3,778.825 | 13.63 | 51,505 | |||
Qualified XII (0.70) | 157,172.892 | 13.57 | 2,132,836 | |||
Qualified XII (0.75) | 78,020.016 | 13.50 | 1,053,270 | |||
Qualified XII (0.80) | 184,218.619 | 15.21 | 2,801,965 | |||
Qualified XII (0.85) | 247,702.854 | 19.73 | 4,887,177 | |||
Qualified XII (0.90) | 10,884.140 | 14.57 | 158,582 | |||
Qualified XII (0.95) | 267,335.957 | 19.50 | 5,213,051 | |||
Qualified XII (1.00) | 677,430.346 | 19.39 | 13,135,374 | |||
Qualified XII (1.05) | 47,388.277 | 19.28 | 913,646 | |||
Qualified XII (1.10) | 39,555.187 | 19.16 | 757,877 | |||
Qualified XII (1.15) | 40,248.629 | 19.05 | 766,736 | |||
Qualified XII (1.20) | 14,750.913 | 18.94 | 279,382 | |||
Qualified XII (1.25) | 21,759.644 | 18.83 | 409,734 | |||
Qualified XII (1.30) | 1,157.291 | 18.72 | 21,664 | |||
Qualified XII (1.35) | 127.477 | 18.61 | 2,372 | |||
Qualified XII (1.40) | 8,597.730 | 18.51 | 159,144 | |||
Qualified XII (1.45) | 1,231.035 | 18.40 | 22,651 | |||
Qualified XII (1.50) | 470.048 | 18.29 | 8,597 | |||
Qualified XV | 14,910.609 | 30.25 | 451,046 | |||
Qualified XVI | 22,339.224 | 28.48 | 636,221 |
298
VARIABLE ANNUITY ACCOUNT C OF | ||||||
ING LIFE INSURANCE AND ANNUITY COMPANY | ||||||
Notes to Financial Statements | ||||||
Division/Contract | Units | Unit Value | Extended Value | |||
ING Thornburg Value Portfolio - Initial Class (continued) | ||||||
Qualified XVII | 625.834 | $ 29.26 | $ 18,312 | |||
Qualified XVIII | 4,334.274 | 12.72 | 55,132 | |||
Qualified XXI | 12,246.499 | 30.64 | 375,233 | |||
Qualified XXV | 6,867.866 | 30.34 | 208,371 | |||
Qualified XXVI | 3,039.451 | 30.01 | 91,214 | |||
Qualified XXVII | 988,542.932 | 36.21 | 35,795,140 | |||
Qualified XXVIII | 170,167.717 | 36.09 | 6,141,353 | |||
Qualified XXXII | 2,866.827 | 14.14 | 40,537 | |||
Qualified XXXVI | 8,488.682 | 12.27 | 104,156 | |||
Qualified LIII | 15,075.142 | 13.45 | 202,761 | |||
Qualified LIV | 21,596.285 | 13.41 | 289,606 | |||
Qualified LV | 15,827.324 | 13.47 | 213,194 | |||
Qualified LVI | 7,262.573 | 13.48 | 97,899 | |||
4,540,426.205 | $ 113,433,432 | |||||
ING UBS U.S. Large Cap Equity Portfolio - Adviser Class | ||||||
Contracts in accumulation period: | ||||||
Qualified XXXV | 1,112.511 | $ 11.30 | $ 12,571 | |||
1,112.511 | $ 12,571 | |||||
ING UBS U.S. Large Cap Equity Portfolio - Initial Class | ||||||
Currently payable annuity contracts: | 60,547.140 | $13.48 to $14.55 | $ 861,645 | |||
Contracts in accumulation period: | ||||||
ING Custom Choice 62 | 568.808 | 13.97 | 7,946 | |||
Qualified V | 442.478 | 18.70 | 8,274 | |||
Qualified VI | 2,749,283.226 | 19.16 | 52,676,267 | |||
Qualified VII | 45,843.830 | 16.24 | 744,504 | |||
Qualified VIII | 7,994.192 | 16.15 | 129,106 | |||
Qualified IX | 2,665.313 | 16.28 | 43,391 | |||
Qualified X (1.15) | 78,454.925 | 19.43 | 1,524,379 | |||
Qualified X (1.25) | 363,227.812 | 12.06 | 4,380,527 | |||
Qualified XII (0.00) | 5.372 | 13.57 | 73 | |||
Qualified XII (0.05) | 17,749.860 | 20.79 | 369,020 | |||
Qualified XII (0.20) | 26,918.757 | 13.31 | 358,289 | |||
Qualified XII (0.25) | 15,617.637 | 13.25 | 206,934 | |||
Qualified XII (0.30) | 12,431.741 | 13.18 | 163,850 | |||
Qualified XII (0.35) | 7,349.121 | 13.12 | 96,420 | |||
Qualified XII (0.40) | 6,010.711 | 13.13 | 78,921 | |||
Qualified XII (0.45) | 847.875 | 13.00 | 11,022 | |||
Qualified XII (0.50) | 5,061.733 | 13.29 | 67,270 | |||
Qualified XII (0.50) | 153,982.127 | 13.61 | 2,095,697 | |||
Qualified XII (0.55) | 38,306.667 | 12.87 | 493,007 | |||
Qualified XII (0.60) | 63,715.422 | 12.81 | 816,195 | |||
Qualified XII (0.65) | 6,148.359 | 12.75 | 78,392 | |||
Qualified XII (0.70) | 155,495.843 | 12.69 | 1,973,242 | |||
Qualified XII (0.75) | 172,991.499 | 12.63 | 2,184,883 |
299
VARIABLE ANNUITY ACCOUNT C OF | ||||||
ING LIFE INSURANCE AND ANNUITY COMPANY | ||||||
Notes to Financial Statements | ||||||
Division/Contract | Units | Unit Value | Extended Value | |||
ING UBS U.S. Large Cap Equity Portfolio - Initial Class | ||||||
(continued) | ||||||
Qualified XII (0.80) | 302,844.587 | $ 13.91 | $ 4,212,568 | |||
Qualified XII (0.85) | 445,664.478 | 12.63 | 5,628,742 | |||
Qualified XII (0.90) | 12,524.599 | 13.42 | 168,080 | |||
Qualified XII (0.95) | 481,970.347 | 12.49 | 6,019,810 | |||
Qualified XII (1.00) | 562,838.155 | 12.42 | 6,990,450 | |||
Qualified XII (1.05) | 58,202.642 | 12.34 | 718,221 | |||
Qualified XII (1.10) | 25,103.134 | 12.27 | 308,015 | |||
Qualified XII (1.15) | 87,457.656 | 12.20 | 1,066,983 | |||
Qualified XII (1.20) | 8,217.218 | 12.13 | 99,675 | |||
Qualified XII (1.25) | 34,406.625 | 12.06 | 414,944 | |||
Qualified XII (1.30) | 913.673 | 11.99 | 10,955 | |||
Qualified XII (1.35) | 960.907 | 11.92 | 11,454 | |||
Qualified XII (1.40) | 11,645.091 | 11.85 | 137,994 | |||
Qualified XII (1.45) | 2,140.261 | 11.78 | 25,212 | |||
Qualified XII (1.50) | 1,105.123 | 11.71 | 12,941 | |||
Qualified XV | 14,879.061 | 19.80 | 294,605 | |||
Qualified XVI | 73,846.209 | 18.65 | 1,377,232 | |||
Qualified XVII | 36,218.017 | 19.16 | 693,937 | |||
Qualified XVIII | 12,826.198 | 19.16 | 245,750 | |||
Qualified XIX | 2,213.482 | 12.63 | 27,956 | |||
Qualified XX | 1,221.620 | 16.61 | 20,291 | |||
Qualified XXI | 29,289.674 | 20.06 | 587,551 | |||
Qualified XXV | 8,950.226 | 19.86 | 177,751 | |||
Qualified XXVI | 6,299.962 | 19.65 | 123,794 | |||
Qualified XXVII | 801,536.114 | 18.50 | 14,828,418 | |||
Qualified XXVIII | 458,912.431 | 18.44 | 8,462,345 | |||
Qualified XXIX | 2,134.720 | 16.61 | 35,458 | |||
Qualified XXX | 33,456.306 | 16.32 | 546,007 | |||
Qualified XXXII | 73,873.646 | 14.30 | 1,056,393 | |||
Qualified XXXVI | 29,699.791 | 13.17 | 391,146 | |||
Qualified LIII | 41,144.771 | 13.01 | 535,293 | |||
Qualified LIV | 37,082.197 | 12.97 | 480,956 | |||
Qualified LV | 71,704.627 | 13.04 | 935,028 | |||
Qualified LVI | 35,033.314 | 13.05 | 457,185 | |||
7,797,977.310 | $ 126,472,394 | |||||
ING UBS U.S. Large Cap Equity Portfolio - Service Class | ||||||
Contracts in accumulation period: | ||||||
Qualified XII (1.00) | 582.134 | $ 11.04 | $ 6,427 | |||
582.134 | $ 6,427 |
300
VARIABLE ANNUITY ACCOUNT C OF | ||||||
ING LIFE INSURANCE AND ANNUITY COMPANY | ||||||
Notes to Financial Statements | ||||||
Division/Contract | Units | Unit Value | Extended Value | |||
ING UBS U.S. Small Cap Growth Portfolio - Service Class | ||||||
Contracts in accumulation period: | ||||||
ING MAP PLUS NP11 | 12,118.786 | $ 10.17 | $ 123,248 | |||
ING MAP PLUS NP14 | 9,756.525 | 10.14 | 98,931 | |||
ING MAP PLUS NP15 | 7,190.118 | 10.13 | 72,836 | |||
ING MAP PLUS NP17 | 1,148.462 | 10.12 | 11,622 | |||
ING MAP PLUS NP21 | 5.548 | 10.08 | 56 | |||
ING MAP PLUS NP26 | 727.454 | 10.04 | 7,304 | |||
ING MAP PLUS NP29 | 7.377 | 10.02 | 74 | |||
Qualified VI | 9,111.700 | 10.04 | 91,481 | |||
Qualified XII (0.40) | 150.321 | 10.18 | 1,530 | |||
Qualified XII (0.50) | 122.819 | 10.17 | 1,249 | |||
Qualified XII (0.70) | 170.849 | 10.13 | 1,731 | |||
Qualified XII (0.80) | 503.526 | 10.12 | 5,096 | |||
Qualified XII (0.85) | 383.783 | 10.11 | 3,880 | |||
Qualified XII (0.95) | 1,959.173 | 10.09 | 19,768 | |||
Qualified XII (1.00) | 12,888.183 | 10.08 | 129,913 | |||
Qualified XII (1.05) | 12.743 | 10.07 | 128 | |||
Qualified XII (1.10) | 1,318.930 | 10.07 | 13,282 | |||
Qualified XII (1.20) | 7.777 | 10.05 | 78 | |||
Qualified XII (1.25) | 536.479 | 10.04 | 5,386 | |||
Qualified XII (1.30) | 21.039 | 10.03 | 211 | |||
Qualified XVI | 9.165 | 10.00 | 92 | |||
Qualified XXV | 102.583 | 10.13 | 1,039 | |||
Qualified LIII | 92.622 | 10.20 | 945 | |||
Qualified LV | 206.076 | 10.22 | 2,106 | |||
58,552.038 | $ 591,986 | |||||
ING Van Kampen Comstock Portfolio - Adviser Class | ||||||
Contracts in accumulation period: | ||||||
Qualified XXXV | 32,845.841 | $ 11.63 | $ 381,997 | |||
32,845.841 | $ 381,997 |
301
VARIABLE ANNUITY ACCOUNT C OF | ||||||
ING LIFE INSURANCE AND ANNUITY COMPANY | ||||||
Notes to Financial Statements | ||||||
Division/Contract | Units | Unit Value | Extended Value | |||
ING Van Kampen Comstock Portfolio - Service Class | ||||||
Currently payable annuity contracts: | 132,059.526 | $12.68 to $13.93 | $ 1,808,866 | |||
Contracts in accumulation period: | ||||||
ING Custom Choice 62 | 3,953.131 | 13.08 | 51,707 | |||
ING MAP PLUS NP9 | 6,200.148 | 13.08 | 81,098 | |||
ING MAP PLUS NP11 | 77,212.163 | 13.03 | 1,006,074 | |||
ING MAP PLUS NP13 | 315.398 | 12.98 | 4,094 | |||
ING MAP PLUS NP15 | 16,764.394 | 12.93 | 216,764 | |||
ING MAP PLUS NP16 | 4,141.980 | 12.90 | 53,432 | |||
ING MAP PLUS NP17 | 23,331.397 | 12.88 | 300,508 | |||
ING MAP PLUS NP18 | 54.751 | 12.85 | 704 | |||
ING MAP PLUS NP19 | 2,229.669 | 12.83 | 28,607 | |||
ING MAP PLUS NP20 | 2,093.276 | 12.80 | 26,794 | |||
ING MAP PLUS NP21 | 3,499.604 | 12.78 | 44,725 | |||
ING MAP PLUS NP22 | 1,296.795 | 12.75 | 16,534 | |||
ING MAP PLUS NP24 | 4,441.291 | 12.70 | 56,404 | |||
ING MAP PLUS NP26 | 258.623 | 12.65 | 3,272 | |||
ING MAP PLUS NP28 | 4,059.676 | 12.60 | 51,152 | |||
ING MAP PLUS NP32 | 229.187 | 12.51 | 2,867 | |||
Qualified V | 332.658 | 13.71 | 4,561 | |||
Qualified VI | 1,649,942.803 | 13.84 | 22,835,208 | |||
Qualified X (1.15) | 71,170.918 | 13.92 | 990,699 | |||
Qualified X (1.25) | 252,597.054 | 13.84 | 3,495,943 | |||
Qualified XII (0.25) | 278.595 | 14.65 | 4,081 | |||
Qualified XII (0.30) | 4,641.987 | 14.61 | 67,819 | |||
Qualified XII (0.35) | 248.381 | 14.56 | 3,616 | |||
Qualified XII (0.40) | 7,932.035 | 14.52 | 115,173 | |||
Qualified XII (0.50) | 2,654.236 | 14.63 | 38,831 | |||
Qualified XII (0.50) | 138,952.580 | 14.44 | 2,006,475 | |||
Qualified XII (0.55) | 14,947.760 | 14.40 | 215,248 | |||
Qualified XII (0.60) | 68,427.748 | 14.36 | 982,622 | |||
Qualified XII (0.65) | 19,544.977 | 14.32 | 279,884 | |||
Qualified XII (0.70) | 63,986.623 | 14.28 | 913,729 | |||
Qualified XII (0.75) | 55,790.904 | 14.24 | 794,462 | |||
Qualified XII (0.80) | 109,959.006 | 14.20 | 1,561,418 | |||
Qualified XII (0.85) | 177,164.331 | 14.16 | 2,508,647 | |||
Qualified XII (0.90) | 50,041.908 | 14.12 | 706,592 | |||
Qualified XII (0.95) | 253,925.493 | 14.08 | 3,575,271 | |||
Qualified XII (1.00) | 1,286,423.176 | 14.04 | 18,061,381 | |||
Qualified XII (1.05) | 52,779.608 | 14.00 | 738,915 | |||
Qualified XII (1.10) | 17,457.808 | 13.96 | 243,711 | |||
Qualified XII (1.15) | 24,986.604 | 13.92 | 347,814 | |||
Qualified XII (1.20) | 5,369.568 | 13.88 | 74,530 | |||
Qualified XII (1.25) | 74,787.546 | 13.84 | 1,035,060 |
302
VARIABLE ANNUITY ACCOUNT C OF | ||||||
ING LIFE INSURANCE AND ANNUITY COMPANY | ||||||
Notes to Financial Statements | ||||||
Division/Contract | Units | Unit Value | Extended Value | |||
ING Van Kampen Comstock Portfolio - Service Class | ||||||
(continued) | ||||||
Qualified XII (1.30) | 2,439.885 | $ 13.80 | $ 33,670 | |||
Qualified XII (1.35) | 624.008 | 13.76 | 8,586 | |||
Qualified XII (1.40) | 3,358.926 | 13.72 | 46,084 | |||
Qualified XII (1.45) | 75.808 | 13.68 | 1,037 | |||
Qualified XII (1.50) | 341.132 | 13.64 | 4,653 | |||
Qualified XV | 5,389.259 | 14.08 | 75,881 | |||
Qualified XVI | 30,100.023 | 13.64 | 410,564 | |||
Qualified XVII | 9,539.035 | 13.84 | 132,020 | |||
Qualified XVIII | 8,499.484 | 14.04 | 119,333 | |||
Qualified XXI | 10,158.780 | 14.20 | 144,255 | |||
Qualified XXV | 5,177.893 | 14.24 | 73,733 | |||
Qualified XXVI | 1,890.647 | 14.12 | 26,696 | |||
Qualified XXVII | 985,817.185 | 16.39 | 16,157,544 | |||
Qualified XXXII | 4,392.056 | 13.61 | 59,776 | |||
Qualified XXXIII (0.65) | 11,193.135 | 14.55 | 162,860 | |||
Qualified LIII | 8,964.563 | 12.05 | 108,023 | |||
Qualified LIV | 66,090.267 | 12.01 | 793,744 | |||
Qualified LV | 16,459.520 | 12.07 | 198,666 | |||
5,856,996.922 | $ 83,912,417 | |||||
ING Van Kampen Equity and Income Portfolio - Adviser | ||||||
Class | ||||||
Contracts in accumulation period: | ||||||
Qualified XXXV | 17,368.686 | $ 11.69 | $ 203,040 | |||
17,368.686 | $ 203,040 | |||||
ING Van Kampen Equity and Income Portfolio - Initial | ||||||
Class | ||||||
Currently payable annuity contracts: | 197,311.643 | $11.95 to $12.29 | $ 2,415,306 | |||
Contracts in accumulation period: | ||||||
ING Custom Choice 62 | 615.810 | 12.16 | 7,488 | |||
Qualified V | 2,537.937 | 12.11 | 30,734 | |||
Qualified VI | 9,628,129.546 | 12.16 | 117,078,055 | |||
Qualified VIII | 14,405.829 | 12.16 | 175,175 | |||
Qualified X (1.15) | 500,010.406 | 12.20 | 6,100,127 | |||
Qualified X (1.25) | 1,094,386.432 | 12.16 | 13,307,739 | |||
Qualified XII (0.05) | 111,479.637 | 13.08 | 1,458,154 | |||
Qualified XII (0.20) | 142,050.782 | 12.54 | 1,781,317 | |||
Qualified XII (0.25) | 14,447.626 | 12.52 | 180,884 | |||
Qualified XII (0.30) | 177,948.145 | 12.50 | 2,224,352 | |||
Qualified XII (0.35) | 35,552.638 | 12.48 | 443,697 | |||
Qualified XII (0.40) | 52,484.103 | 12.85 | 674,421 |
303
VARIABLE ANNUITY ACCOUNT C OF | ||||||
ING LIFE INSURANCE AND ANNUITY COMPANY | ||||||
Notes to Financial Statements | ||||||
Division/Contract | Units | Unit Value | Extended Value | |||
ING Van Kampen Equity and Income Portfolio - Initial | ||||||
Class (continued) | ||||||
Qualified XII (0.45) | 182.753 | $ 12.45 | $ 2,275 | |||
Qualified XII (0.50) | 11,187.225 | 12.46 | 139,393 | |||
Qualified XII (0.50) | 581,823.565 | 12.89 | 7,499,706 | |||
Qualified XII (0.55) | 854,672.735 | 12.78 | 10,922,718 | |||
Qualified XII (0.60) | 320,225.387 | 12.76 | 4,086,076 | |||
Qualified XII (0.65) | 345,349.645 | 12.72 | 4,392,847 | |||
Qualified XII (0.70) | 445,192.977 | 12.36 | 5,502,585 | |||
Qualified XII (0.75) | 619,911.097 | 12.66 | 7,848,074 | |||
Qualified XII (0.80) | 1,035,603.622 | 12.76 | 13,214,302 | |||
Qualified XII (0.85) | 910,277.548 | 12.76 | 11,615,142 | |||
Qualified XII (0.90) | 49,866.666 | 12.72 | 634,304 | |||
Qualified XII (0.95) | 1,488,392.876 | 12.27 | 18,262,581 | |||
Qualified XII (1.00) | 3,507,974.803 | 12.25 | 42,972,691 | |||
Qualified XII (1.05) | 476,549.893 | 12.68 | 6,042,653 | |||
Qualified XII (1.10) | 312,431.249 | 12.66 | 3,955,380 | |||
Qualified XII (1.15) | 202,842.761 | 12.62 | 2,559,876 | |||
Qualified XII (1.20) | 107,064.505 | 12.59 | 1,347,942 | |||
Qualified XII (1.25) | 306,175.710 | 12.58 | 3,851,690 | |||
Qualified XII (1.30) | 16,041.407 | 12.57 | 201,640 | |||
Qualified XII (1.35) | 2,989.085 | 12.13 | 36,258 | |||
Qualified XII (1.40) | 48,090.503 | 12.82 | 616,520 | |||
Qualified XII (1.45) | 13,422.765 | 12.09 | 162,281 | |||
Qualified XII (1.50) | 4,995.635 | 12.07 | 60,297 | |||
Qualified XV | 44,926.967 | 12.27 | 551,254 | |||
Qualified XVI | 242,606.568 | 12.07 | 2,928,261 | |||
Qualified XVII | 7,239.627 | 12.16 | 88,034 | |||
Qualified XVIII | 55,302.711 | 12.16 | 672,481 | |||
Qualified XXI | 112,323.996 | 12.32 | 1,383,832 | |||
Qualified XXV | 163,525.105 | 12.34 | 2,017,900 | |||
Qualified XXVI | 39,941.347 | 12.28 | 490,480 | |||
Qualified XXVII | 1,689,826.701 | 12.27 | 20,734,174 | |||
Qualified XXXII | 23,378.749 | 12.16 | 284,286 | |||
Qualified XXXIII (0.65) | 13,181.596 | 12.37 | 163,056 | |||
Qualified XXXVI | 55,145.989 | 12.41 | 684,362 | |||
Qualified LIII | 60,062.491 | 12.68 | 761,592 | |||
Qualified LIV | 82,177.271 | 12.64 | 1,038,721 | |||
Qualified LV | 70,841.025 | 12.71 | 900,389 | |||
Qualified LVI | 60,198.357 | 12.71 | 765,121 | |||
26,353,303.446 | $ 325,268,623 |
304
VARIABLE ANNUITY ACCOUNT C OF | ||||||
ING LIFE INSURANCE AND ANNUITY COMPANY | ||||||
Notes to Financial Statements | ||||||
Division/Contract | Units | Unit Value | Extended Value | |||
ING Van Kampen Equity and Income Portfolio - Service | ||||||
Class | ||||||
Contracts in accumulation period: | ||||||
Qualified VI | 0.067 | $ 38.96 | $ 3 | |||
Qualified X (1.25) | 907.029 | 12.58 | 11,410 | |||
Qualified XII (0.60) | 17.856 | 40.54 | 724 | |||
Qualified XII (1.00) | 4,450.447 | 39.56 | 176,060 | |||
5,375.399 | $ 188,197 | |||||
ING VP Strategic Allocation Conservative Portfolio - | ||||||
Class I | ||||||
Currently payable annuity contracts: | 69,276.078 | $11.88 to $19.50 | $ 906,455 | |||
Contracts in accumulation period: | ||||||
ING MAP PLUS NP1 | 2,266.558 | 12.58 | 28,513 | |||
ING MAP PLUS NP9 | 4,223.553 | 12.38 | 52,288 | |||
ING MAP PLUS NP10 | 2,898.873 | 12.36 | 35,830 | |||
ING MAP PLUS NP11 | 48,248.876 | 12.33 | 594,909 | |||
ING MAP PLUS NP12 | 13,327.739 | 12.31 | 164,064 | |||
ING MAP PLUS NP14 | 871.373 | 12.26 | 10,683 | |||
ING MAP PLUS NP15 | 33.309 | 12.24 | 408 | |||
ING MAP PLUS NP16 | 585.815 | 12.21 | 7,153 | |||
ING MAP PLUS NP17 | 1,544.394 | 12.19 | 18,826 | |||
ING MAP PLUS NP18 | 9,700.781 | 12.17 | 118,059 | |||
ING MAP PLUS NP19 | 5,673.721 | 12.14 | 68,879 | |||
ING MAP PLUS NP20 | 15,879.737 | 12.12 | 192,462 | |||
ING MAP PLUS NP21 | 22,109.585 | 12.09 | 267,305 | |||
ING MAP PLUS NP22 | 23,176.769 | 12.07 | 279,744 | |||
ING MAP PLUS NP23 | 112.617 | 12.05 | 1,357 | |||
ING MAP PLUS NP24 | 1,498.674 | 12.02 | 18,014 | |||
ING MAP PLUS NP25 | 128.857 | 12.00 | 1,546 | |||
ING MAP PLUS NP26 | 3,616.664 | 11.98 | 43,328 | |||
ING MAP PLUS NP28 | 4,232.995 | 11.93 | 50,500 | |||
ING MAP PLUS NP29 | 471.083 | 11.91 | 5,611 | |||
ING MAP PLUS NP30 | 2,194.030 | 11.88 | 26,065 | |||
Qualified V | 192.124 | 19.12 | 3,673 | |||
Qualified VI | 528,593.915 | 19.50 | 10,307,581 | |||
Qualified X (1.15) | 74,171.673 | 19.83 | 1,470,824 | |||
Qualified X (1.25) | 68,736.464 | 19.58 | 1,345,860 | |||
Qualified XII (0.00) | 1.935 | 15.47 | 30 | |||
Qualified XII (0.05) | 17,028.035 | 21.16 | 360,313 | |||
Qualified XII (0.20) | 32.279 | 15.17 | 490 | |||
Qualified XII (0.25) | 1,173.950 | 15.10 | 17,727 | |||
Qualified XII (0.30) | 7,353.639 | 15.03 | 110,525 | |||
Qualified XII (0.35) | 629.039 | 14.96 | 9,410 | |||
Qualified XII (0.40) | 65,928.901 | 19.37 | 1,277,043 | |||
Qualified XII (0.45) | 20.573 | 14.81 | 305 | |||
Qualified XII (0.50) | 16,058.320 | 15.07 | 241,999 |
305
VARIABLE ANNUITY ACCOUNT C OF | ||||||
ING LIFE INSURANCE AND ANNUITY COMPANY | ||||||
Notes to Financial Statements | ||||||
Division/Contract | Units | Unit Value | Extended Value | |||
ING VP Strategic Allocation Conservative Portfolio - | ||||||
Class I (continued) | ||||||
Qualified XII (0.50) | 148.451 | $ 13.67 | $ 2,029 | |||
Qualified XII (0.55) | 21,101.628 | 14.67 | 309,561 | |||
Qualified XII (0.60) | 38,095.284 | 14.60 | 556,191 | |||
Qualified XII (0.65) | 2,107.312 | 14.53 | 30,619 | |||
Qualified XII (0.70) | 55,720.476 | 14.46 | 805,718 | |||
Qualified XII (0.75) | 52,302.285 | 14.39 | 752,630 | |||
Qualified XII (0.80) | 66,896.011 | 14.85 | 993,406 | |||
Qualified XII (0.85) | 47,464.284 | 18.64 | 884,734 | |||
Qualified XII (0.90) | 5,817.317 | 14.62 | 85,049 | |||
Qualified XII (0.95) | 96,445.800 | 18.42 | 1,776,532 | |||
Qualified XII (1.00) | 297,742.080 | 18.31 | 5,451,657 | |||
Qualified XII (1.05) | 37,313.286 | 18.21 | 679,475 | |||
Qualified XII (1.10) | 46,006.997 | 18.10 | 832,727 | |||
Qualified XII (1.15) | 42,056.401 | 18.00 | 757,015 | |||
Qualified XII (1.20) | 8,445.225 | 17.89 | 151,085 | |||
Qualified XII (1.25) | 14,426.501 | 17.79 | 256,647 | |||
Qualified XII (1.30) | 4,687.723 | 17.69 | 82,926 | |||
Qualified XII (1.35) | 20.105 | 17.58 | 353 | |||
Qualified XII (1.40) | 8,563.369 | 17.48 | 149,688 | |||
Qualified XII (1.45) | 1,289.210 | 17.38 | 22,406 | |||
Qualified XII (1.50) | 248.196 | 17.28 | 4,289 | |||
Qualified XV | 919.273 | 20.16 | 18,533 | |||
Qualified XVI | 20,595.453 | 18.98 | 390,902 | |||
Qualified XVII | 11,771.193 | 20.23 | 238,131 | |||
Qualified XVIII | 16,094.590 | 20.32 | 327,042 | |||
Qualified XXI | 5,091.078 | 20.42 | 103,960 | |||
Qualified XXV | 7,286.168 | 20.44 | 148,929 | |||
Qualified XXVI | 1,215.197 | 20.22 | 24,571 | |||
Qualified XXVII | 117,068.529 | 19.86 | 2,324,981 | |||
Qualified XXVIII | 45,023.358 | 19.79 | 891,012 | |||
Qualified XXXII | 4,636.273 | 12.44 | 57,675 | |||
Qualified XXXIII (0.65) | 3,001.268 | 13.41 | 40,247 | |||
Qualified XXXVI | 5,288.557 | 13.51 | 71,448 | |||
Qualified LIII | 3,441.254 | 12.03 | 41,398 | |||
Qualified LIV | 6,366.716 | 12.00 | 76,401 | |||
Qualified LV | 22,741.894 | 12.07 | 274,495 | |||
Qualified LVI | 701.621 | 12.08 | 8,476 | |||
2,130,133.291 | $ 37,660,717 |
306
VARIABLE ANNUITY ACCOUNT C OF | ||||||
ING LIFE INSURANCE AND ANNUITY COMPANY | ||||||
Notes to Financial Statements | ||||||
Division/Contract | Units | Unit Value |