Financing Agreements (Tables)

6 Months Ended

12 Months Ended

Jun. 30, 2013

Dec. 31, 2012

Debt Disclosure [Abstract]

Short-term Debt Including the Weighted Average Interest Rate

The following table summarizes the Company’s short-term debt including the weighted average interest rate on short-term borrowings outstanding as of the dates indicated:

					Weighted Average Rate
	June 30, 2013		December 31, 2012		June 30, 2013			December 31, 2012
Commercial paper	$	—	$	192.0		—	%		1.22	%
Current portion of long-term debt		138.6		872.6		6.75	%		2.42	%
Total	$	138.6	$	1,064.6

The following table summarizes the Company’s short-term debt including the weighted average interest rate on short-term borrowings outstanding as of December 31, 2012 and 2011:

					Weighted Average Rate
	2012		2011		2012			2011
Commercial paper	$	192.0	$	554.6		1.22	%		1.19	%
Current portion of long-term debt(1)(2)		872.6		500.0		2.42	%		0.49	%
Total	$	1,064.6	$	1,054.6

⁽¹⁾  See the “Credit Facilities” section of this note for information on the Term Loan Agreement of the Senior Credit Facility.

⁽²⁾  See the “Affiliated Financing Agreements” in the Related Party Transactions note to these Consolidated Financial Statements.

Guaranteed Debt Obligations

The following amounts guaranteed by ING Group or ING V are included with the Company’s debt obligations as of the dates indicated:

	June 30, 2013		December 31, 2012
Commercial paper	$	—	$	192.0
Lion Connecticut Holdings Inc. debentures(1)		637.5		636.9
Total	$	637.5	$	828.9

⁽¹⁾  ING Group is guarantor to outstanding legacy debt securities originally issued by Aetna Services, Inc. (formerly Aetna Life and Casualty).

The following amounts guaranteed by ING Group or ING V are included with the Company’s debt obligations as of December 31, 2012 and 2011:

	2012		2011
Commercial paper	$	192.0	$	554.6
Lion Connecticut Holdings Inc. debentures(1)		636.9		635.8
Total	$	828.9	$	1,190.4

⁽¹⁾  ING Group is guarantor to outstanding legacy debt securities originally issued by Aetna Services, Inc. (formerly Aetna Life and Casualty).

Long-term Debt Securities Issued and Outstanding

The following table summarizes the carrying value of the Company’s long-term debt securities issued and outstanding as of the dates indicated:

	Maturity		June 30, 2013		December 31, 2012
2.20% Syndicated Bank Term Loan, due 2014(1)		04/20/2014	$	—	$	1,350.0
6.75% Lion Connecticut Holdings Inc. debentures, due 2013(2)		09/15/2013		138.6		138.3
7.25% Lion Connecticut Holdings Inc. debentures, due 2023(2)		08/15/2023		158.3		158.1
7.63% Lion Connecticut Holdings Inc. debentures, due 2026(2)		08/15/2026		232.0		231.9
8.42% Equitable of Iowa Companies Capital Trust II Notes, due 2027		04/01/2027		13.9		13.9
6.97% Lion Connecticut Holdings Inc. debentures, due 2036(2)		08/15/2036		108.6		108.6
2.53% Lion Connecticut Holdings Inc. Floating Rate Note, due 2016(3)		04/29/2016		150.0		500.0
1.00% Windsor Property Loan		06/14/2027		4.9		4.9
0.96% Surplus Floating Rate Note(4)		12/31/2037		—		359.3
0.93% Surplus Floating Rate Note(5)		06/30/2037		—		329.1
5.5% Senior Notes, due 2022		07/15/2022		849.6		849.6
2.9% Senior Notes, due 2018		02/15/2018		998.4		—
5.65% Fixed-to-Floating Rate Junior Subordinated Notes, due 2053		05/15/2053		750.0		—
Subtotal				3,404.3		4,043.7
Less: Current portion of long-term debt				138.6		872.6
Total				$3,265.7	$	3,171.1

⁽¹⁾  On May 21, 2013, the outstanding loan was paid in full.

⁽²⁾  Guaranteed by ING Group.

⁽³⁾  On July 5, 2013, the outstanding loan was paid in full.

⁽⁴⁾  On January 3, 2013, the note was paid in full.

⁽⁵⁾  On April 19, 2013, the note was paid in full.

The following table summarizes the carrying value of the Company’s long-term debt securities issued and outstanding as of December 31, 2012 and 2011:

	Maturity		2012		2011
2.21% Syndicated Bank Term Loan, due 2014(1)		04/20/2014	$	1,350.0	$	—
6.75% Lion Connecticut Holdings Inc. debentures, due 2013(2)		09/15/2013		138.3		137.9
7.25% Lion Connecticut Holdings Inc. debentures, due 2023(2)		08/15/2023		158.1		157.6
7.63% Lion Connecticut Holdings Inc. debentures, due 2026(2)		08/15/2026		231.9		231.6
8.42% Equitable of Iowa Companies Capital Trust II notes, due 2027		04/01/2027		13.9		14.0
6.97% Lion Connecticut Holdings Inc. debentures, due 2036(2)		08/15/2036		108.6		108.7
2.56% Lion Connecticut Holdings Inc. Floating Rate Note, due 2016(3)		04/29/2016		500.0		500.0
1.00% Windsor Property Loan		06/14/2027		4.9		4.9
0.96% Surplus Floating Rate Note(4)		12/31/2037		359.3		359.3
0.96% Surplus Floating Rate Note		06/30/2037		329.1		329.1
5.5% Senior Notes, due 2022		07/15/2022		849.6		—
Subtotal				4,043.7		1,843.1
Less: Current portion of long-term debt				872.6		500.0
Total			$	3,171.1	$	1,343.1

⁽¹⁾  See the “Credit Facilities” section of this note for information on the Term Loan Agreement of the Senior Credit Facility.

⁽²⁾  Guaranteed by ING Group.

⁽³⁾  See the “Affiliated Financing Agreements” in the Related Party Transactions note to these Consolidated Financial Statements.

⁽⁴⁾  On January 3, 2013, the note was repaid. See the “Surplus Notes” section of this note below.

Future principal payments of long-term debt

Aggregate amounts of future principal payments of long-term debt for the next five years and thereafter are as follows:

2013(1)	$	—
2014		975.0
2015		—
2016		500.0
2017		—
Thereafter		1,703.1
Total	$	3,178.1

⁽¹⁾  Excludes current portion of long-term debt.

Credit facilities

The following table outlines the Company’s credit facilities, their dates of expiration, capacity and utilization as of June 30, 2013:

	Secured/ Unsecured	Committed/ Uncommitted	Expiration	Capacity		Utilization		Unused Commitment
Obligor / Applicant
ING U.S., Inc.(1)	Unsecured	Committed	4/20/2015	$	3,500.0	$	2,210.8	$	1,289.2
ING U.S., Inc. / Security Life of Denver International Limited, Roaring River LLC(1)(2)	Unsecured	Uncommitted	2/28/2013		15.0		15.0		—
ING U.S., Inc. / Security Life of Denver International Limited	Unsecured	Committed	8/19/2021		750.0		750.0		—
ING U.S., Inc. / Security Life of Denver International Limited	Unsecured	Committed	11/9/2021		750.0		750.0		—
Security Life of Denver International Limited(1)	Unsecured	Committed	12/31/2013		825.0		825.0		—
ING U.S., Inc. / Security Life of Denver International Limited	Unsecured	Committed	12/27/2022		750.0		750.0		—
ING U.S., Inc. / Security Life of Denver International Limited(1)(2)	Unsecured	Uncommitted	6/30/2013		225.6		225.6		—
ReliaStar Life Insurance Company	Secured	Committed	Conditional		265.0		265.0		—
ING U.S., Inc. / Security Life of Denver International Limited	Unsecured	Committed	12/31/2025		475.0		475.0		—
ING U.S., Inc.	Unsecured	Uncommitted	Various dates		2.1		2.1		—
ING U.S., Inc.	Secured	Uncommitted	Various dates		10.0		4.7		—
ING U.S., Inc. / Roaring River III LLC	Unsecured	Committed	6/30/2022		1,151.2		520.0		631.2
ING U.S., Inc. / Roaring River II LLC	Unsecured	Committed	12/31/2019		995.0		520.0		475.0
Total				$	9,713.9	$	7,313.2	$	2,395.4
Secured facilities				$	275.0	$	269.7	$	—
Unsecured and uncommitted					242.7		242.7		—
Unsecured and committed					9,196.2		6,800.8		2,395.4
Total				$	9,713.9	$	7,313.2	$	2,395.4
ING Bank				$	1,315.6	$	1,223.5	$	92.1

⁽¹⁾  Refer to the Related Party Transactions Note to these Condensed Consolidated Financial Statements for additional information.

⁽²⁾  Facilities matured as of date stated above. Each LOC issued prior to the facility expiring remains outstanding until its stated expiry date.

The following table outlines the Company’s credit facilities, their dates of expiration, capacity and utilization as of December 31, 2012:

	Secured/ Unsecured		Committed/ Uncommitted		Expiration		Capacity		Utilization		Unused Commitment
Obligor / Applicant
ING U.S., Inc.(1)		Unsecured		Committed		4/20/2015	$	3,500.0	$	1,953.8	$	1,546.2
ING U.S., Inc. / Security Life of Denver International Limited, Roaring River LLC(1)		Unsecured		Uncommitted		2/28/2013		1,605.0		30.1		—
Security Life of Denver International Limited(1)		Unsecured		Uncommitted		12/31/2031		1,500.0		1,500.0		—
ING U.S., Inc. / Security Life of Denver International Limited		Unsecured		Committed		8/19/2021		750.0		750.0		—
ING U.S., Inc. / Security Life of Denver International Limited		Unsecured		Committed		11/9/2021		750.0		750.0		—
Security Life of Denver International Limited(1)		Unsecured		Committed		12/31/2013		825.0		825.0		—
ING U.S., Inc. / Security Life of Denver International Limited		Unsecured		Committed		12/27/2022		500.0		500.0		—
ING U.S., Inc. / Security Life of Denver International Limited(1) (2)		Unsecured		Uncommitted		6/30/2013		300.0		225.6		—
ReliaStar Life Insurance Company		Secured		Committed		Conditional		265.0		265.0		—
ING U.S., Inc. / Security Life of Denver International Limited		Unsecured		Committed		12/31/2025		475.0		475.0		—
ING U.S., Inc.		Unsecured		Uncommitted		Various dates		2.1		2.1		—
ING U.S., Inc.		Secured		Uncommitted		Various dates		10.0		4.7		—
ING U.S., Inc. / Roaring River III LLC		Unsecured		Committed		6/30/2022		1,151.2		445.0		706.2
ING U.S., Inc. / Roaring River II LLC		Unsecured		Committed		12/31/2019		995.0		465.0		530.0
Total							$	12,628.3	$	8,191.3	$	2,782.4
Secured facilities							$	275.0	$	269.7	$	—
Unsecured and uncommitted								3,407.1		1,757.8		—
Unsecured and committed								8,946.2		6,163.8		2,782.4
Total							$	12,628.3	$	8,191.3	$	2,782.4
ING Bank							$	4,480.0	$	2,720.2	$	110.4

⁽¹⁾  Refer to the Related Party Transactions note to these Consolidated Financial Statements for information.

⁽²⁾  This facility was amended on October 4, 2012 to extend the availability to issue LOCs until June 30, 2013.