Condensed Consolidating Financial Information (Tables)

6 Months Ended

12 Months Ended

Jun. 30, 2013

Dec. 31, 2012

Schedule of Condensed Consolidating Balance Sheets

Condensed Consolidating Balance Sheet

June 30, 2013

	Parent Issuer		Subsidiary Guarantor		Non-Guarantor Subsidiaries		Consolidating Adjustments			Consolidated
Assets:
Investments:
Fixed maturities, available-for-sale, at fair value	$	—	$	—	$	69,857.1	$	(13.7)		$	69,843.4
Fixed maturities, at fair value using the fair value option		—		—		2,771.6		—			2,771.6
Equity securities, available-for-sale, at fair value		67.9		5.9		207.2		—			281.0
Short-term investments		—		—		2,404.8		—			2,404.8
Mortgage loans on real estate, net of valuation allowance		—		—		8,929.1		—			8,929.1
Policy loans		—		—		2,144.9		—			2,144.9
Limited partnerships/corporations		—		—		430.2		—			430.2
Derivatives		108.5		—		1,225.1		(159.2	)		1,174.4
Investments in subsidiaries		14,401.0		12,228.8		—		(26,629.8	)		—
Other investments		—		0.4		168.0		—			168.4
Securities pledged		—		—		1,357.0		—			1,357.0
Total investments		14,577.4		12,235.1		89,495.0		(26,802.7	)		89,504.8
Cash and cash equivalents		576.1		0.4		973.3		—			1,549.8
Short-term investments under securities loan agreements, including collateral delivered		—		—		411.8		—			411.8
Accrued investment income		—		—		910.4		—			910.4
Reinsurance recoverable		—		—		7,053.0		—			7,053.0
Deferred policy acquisition costs, Value of business acquired		—		—		5,060.5		—			5,060.5
Sales inducements to contract holders		—		—		277.0		—			277.0
Goodwill and other intangible assets		—		—		333.0		—			333.0
Loans to subsidiaries and affiliates		133.7		27.2		279.3		(440.2	)		—
Due from subsidiaries and affiliates		21.4		0.7		3.5		(25.6	)		—
Other assets		43.1		—		1,229.8		(1.6	)		1,271.3
Assets related to consolidated investment entities:
Limited partnerships/corporations, at fair value		—		—		2,987.7		—			2,987.7
Cash and cash equivalents		—		—		936.6		—			936.6
Corporate loans, at fair value using the fair value option		—		—		4,573.5		—			4,573.5
Other assets		—		—		25.2		—			25.2
Assets held in separate accounts		—		—		102,228.9		—			102,228.9
Total assets	$	15,351.7	$	12,263.4	$	216,778.5	$	(27,270.1)		$	217,123.5

Condensed Consolidating Balance Sheet (Continued)

June 30, 2013

	Parent Issuer			Subsidiary Guarantor		Non-Guarantor Subsidiaries		Consolidating Adjustments			Consolidated
Liabilities and Shareholders’ Equity:
Future policy benefits	$	—		$	—	$	14,963.9	$	—		$	14,963.9
Contract owner account balances		—			—		70,598.0		—			70,598.0
Payables under securities loan agreement, including collateral held		—			—		470.6		—			470.6
Short-term debt		306.2			138.6		133.7		(439.9	)		138.6
Long-term debt		2,597.9			664.4		17.1		(13.7	)		3,265.7
Funds held under reinsurance agreements		—			—		1,281.6		—			1,281.6
Derivatives		62.8			—		1,417.3		(159.2	)		1,320.9
Pension and other post-employment provisions		—			—		896.5		—			896.5
Current income taxes		(21.4	)		21.1		13.1		—			12.8
Deferred income taxes		(131.3	)		—		333.8		—			202.5
Due to subsidiaries and affiliates		2.3			1.2		22.1		(25.6	)		—
Other liabilities		63.6			17.5		1,284.6		(1.9	)		1,363.8
Liabilities related to consolidated investment entities:
Collateralized loan obligations notes, at fair value using the fair value option		—			—		4,881.3		—			4,881.3
Other liabilities		—			—		851.3		—			851.3
Liabilities related to separate accounts		—			—		102,228.9		—			102,228.9
Total liabilities		2,880.1			842.8		199,393.8		(640.3	)		202,476.4
Shareholders’ equity:
Total ING U.S., Inc. shareholders’ equity		12,471.6			11,420.6		15,209.2		(26,629.8	)		12,471.6
Noncontrolling interest		—			—		2,175.5		—			2,175.5
Total shareholders’ equity		12,471.6			11,420.6		17,384.7		(26,629.8	)		14,647.1
Total liabilities and shareholders’ equity	$	15,351.7		$	12,263.4	$	216,778.5	$	(27,270.1	)	$	217,123.5

Condensed Consolidating Balance Sheet

December 31, 2012

	Parent Issuer		Subsidiary Guarantor		Non-Guarantor Subsidiaries		Consolidating Adjustments			Consolidated
Assets:
Investments:
Fixed maturities, available-for-sale, at fair value	$	—	$	—	$	70,925.7	$	(15.4	)	$	70,910.3
Fixed maturities, at fair value using the fair value option		—		—		2,771.3		—			2,771.3
Equity securities, available-for-sale, at fair value		63.9		20.1		256.1		—			340.1
Short-term investments		—		—		5,991.2		—			5,991.2
Mortgage loans on real estate, net of valuation allowance		—		—		8,662.3		—			8,662.3
Policy loans		—		—		2,200.3		—			2,200.3
Limited partnerships/corporations		—		—		465.1		—			465.1
Derivatives		117.7		—		2,410.5		(153.7	)		2,374.5
Investments in subsidiaries		15,715.1		14,044.3		—		(29,759.4	)		—
Other investments		—		0.4		166.6		—			167.0
Securities pledged		—		—		1,605.5		—			1,605.5
Total investments		15,896.7		14,064.8		95,454.6		(29,928.5	)		95,487.6
Cash and cash equivalents		357.5		0.4		1,428.9		—			1,786.8
Short-term investments under securities loan agreements, including collateral delivered		—		—		664.0		—			664.0
Accrued investment income		—		—		863.5		—			863.5
Reinsurance recoverable		—		—		7,379.3		—			7,379.3
Deferred policy acquisition costs, Value of business acquired		—		—		3,656.3		—			3,656.3
Sales inducements to contract holders		—		—		212.7		—			212.7
Goodwill and other intangible assets		—		—		348.5		—			348.5
Loans to subsidiaries and affiliates		77.0		58.0		261.4		(396.4	)		—
Due from subsidiaries and affiliates		16.5		1.5		24.6		(42.6	)		—
Other assets		35.8		—		1,326.7		—			1,362.5
Assets related to consolidated investment entities:
Limited partnerships/corporations, at fair value		—		—		2,931.2		—			2,931.2
Cash and cash equivalents		—		—		440.8		—			440.8
Corporate loans, at fair value using the fair value option		—		—		3,559.3		—			3,559.3
Other assets		—		—		34.3		—			34.3
Assets held in separate accounts		—		—		97,667.4		—			97,667.4
Total assets	$	16,383.5	$	14,124.7	$	216,253.5	$	(30,367.5	)	$	216,394.2

Condensed Consolidating Balance Sheet (Continued)

December 31, 2012

	Parent Issuer			Subsidiary Guarantor		Non-Guarantor Subsidiaries		Consolidating Adjustments			Consolidated
Liabilities and Shareholder’s Equity:
Future policy benefits	$	—		$	—	$	15,493.6	$	—		$	15,493.6
Contract owner account balances		—			—		70,562.1		—			70,562.1
Payables under securities loan agreement, including collateral held		—			—		1,509.8		—			1,509.8
Short-term debt		886.1			138.3		436.3		(396.1	)		1,064.6
Long-term debt		1,824.6			1,014.1		347.8		(15.4	)		3,171.1
Funds held under reinsurance agreements		—			—		1,236.6		—			1,236.6
Derivatives		59.3			—		2,038.6		(153.7	)		1,944.2
Pension and other post-employment provisions		—			—		903.2		—			903.2
Current income taxes		(221.1	)		7.2		225.6		—			11.7
Deferred income taxes		(127.4	)		0.2		1,169.9		—			1,042.7
Due to subsidiaries and affiliates		23.1			1.5		18.0		(42.6	)		—
Other liabilities		64.0			19.0		1,521.5		(0.3	)		1,604.2
Liabilities related to consolidated investment entities:
Collateralized loan obligations notes, at fair value using the fair value option		—			—		3,829.4		—			3,829.4
Other liabilities		—			—		292.4		—			292.4
Liabilities related to separate accounts		—			—		97,667.4		—			97,667.4
Total liabilities		2,508.6			1,180.3		197,252.2		(608.1	)		200,333.0
Shareholder’s equity:
Total ING U.S., Inc. shareholder’s equity		13,874.9			12,944.4		16,815.0		(29,759.4	)		13,874.9
Noncontrolling interest		—			—		2,186.3		—			2,186.3
Total shareholder’s equity		13,874.9			12,944.4		19,001.3		(29,759.4	)		16,061.2
Total liabilities and shareholder’s equity	$	16,383.5		$	14,124.7	$	216,253.5	$	(30,367.5)		$	216,394.2

Condensed Consolidating Balance Sheet

December 31, 2012

	Parent Issuer		Subsidiary Guarantor		Non-Guarantor Subsidiaries		Consolidating Adjustments			Consolidated
Assets:
Investments:
Fixed maturities, available-for-sale, at fair value	$	—	$	—	$	70,925.7	$	(15.4	)	$	70,910.3
Fixed maturities, at fair value using the fair value option		—		—		2,771.3		—			2,771.3
Equity securities, available-for-sale, at fair value		63.9		20.1		256.1		—			340.1
Short-term investments		—		—		5,991.2		—			5,991.2
Mortgage loans on real estate, net of valuation allowance		—		—		8,662.3		—			8,662.3
Policy loans		—		—		2,200.3		—			2,200.3
Limited partnerships/corporations		—		—		465.1		—			465.1
Derivatives		117.7		—		2,410.5		(153.7	)		2,374.5
Investments in subsidiaries		15,715.1		14,044.3		—		(29,759.4	)		—
Other investments		—		0.4		166.6		—			167.0
Securities pledged		—		—		1,605.5		—			1,605.5
Total investments		15,896.7		14,064.8		95,454.6		(29,928.5	)		95,487.6
Cash and cash equivalents		357.5		0.4		1,428.9		—			1,786.8
Short-term investments under securities loan agreements, including collateral delivered		—		—		664.0		—			664.0
Accrued investment income		—		—		863.5		—			863.5
Reinsurance recoverable		—		—		7,379.3		—			7,379.3
Deferred policy acquisition costs, Value of business acquired		—		—		3,656.3		—			3,656.3
Sales inducements to contract holders		—		—		212.7		—			212.7
Goodwill and other intangible assets		—		—		348.5		—			348.5
Loans to subsidiaries and affiliates		77.0		58.0		261.4		(396.4	)		—
Due from subsidiaries and affiliates		16.5		1.5		24.6		(42.6	)		—
Other assets		35.8		—		1,326.7		—			1,362.5
Assets related to consolidated investment entities:
Limited partnerships/corporations, at fair value		—		—		2,931.2		—			2,931.2
Cash and cash equivalents		—		—		440.8		—			440.8
Corporate loans, at fair value using the fair value option		—		—		3,559.3		—			3,559.3
Other assets		—		—		34.3		—			34.3
Assets held in separate accounts		—		—		97,667.4		—			97,667.4
Total assets	$	16,383.5	$	14,124.7	$	216,253.5	$	(30,367.5	)	$	216,394.2

Condensed Consolidating Balance Sheet (Continued)

December 31, 2012

	Parent Issuer			Subsidiary Guarantor		Non-Guarantor Subsidiaries		Consolidating Adjustments			Consolidated
Liabilities and Shareholder’s Equity:
Future policy benefits	$	—		$	—	$	15,493.6	$	—		$	15,493.6
Contract owner account balances		—			—		70,562.1		—			70,562.1
Payables under securities loan agreement, including collateral held		—			—		1,509.8		—			1,509.8
Short-term debt		886.1			138.3		436.3		(396.1	)		1,064.6
Long-term debt		1,824.6			1,014.1		347.8		(15.4	)		3,171.1
Funds held under reinsurance agreements		—			—		1,236.6		—			1,236.6
Derivatives		59.3			—		2,038.6		(153.7	)		1,944.2
Pension and other post-employment provisions		—			—		903.2		—			903.2
Current income taxes		(221.1	)		7.2		225.6		—			11.7
Deferred income taxes		(127.4	)		0.2		1,169.9		—			1,042.7
Due to subsidiaries and affiliates		23.1			1.5		18.0		(42.6	)		—
Other liabilities		64.0			19.0		1,521.5		(0.3	)		1,604.2
Liabilities related to consolidated investment entities:
Collateralized loan obligations notes, at fair value using the fair value option		—			—		3,829.4		—			3,829.4
Other liabilities		—			—		292.4		—			292.4
Liabilities related to separate accounts		—			—		97,667.4		—			97,667.4
Total liabilities		2,508.6			1,180.3		197,252.2		(608.1	)		200,333.0
Shareholder’s equity:
Total ING U.S., Inc. shareholder’s equity		13,874.9			12,944.4		16,815.0		(29,759.4	)		13,874.9
Noncontrolling interest		—			—		2,186.3		—			2,186.3
Total shareholder’s equity		13,874.9			12,944.4		19,001.3		(29,759.4	)		16,061.2
Total liabilities and shareholder’s equity	$	16,383.5		$	14,124.7	$	216,253.5	$	(30,367.5	)	$	216,394.2

Condensed Consolidating Balance Sheet

December 31, 2011

	Parent Issuer			Subsidiary Guarantor			Non-Guarantor Subsidiaries		Consolidating Adjustments			Consolidated
Assets:
Investments:
Fixed maturities, available-for-sale, at fair value	$	—		$	—		$	67,421.1	$	(15.5	)	$	67,405.6
Fixed maturities, at fair value using the fair value option		—			—			3,010.3		—			3,010.3
Equity securities, available-for-sale, at fair value		69.4			11.6			272.8		—			353.8
Short-term investments		—			—			3,572.7		—			3,572.7
Mortgage loans on real estate, net of valuation allowance		—			—			8,691.1		—			8,691.1
Loan - Dutch State obligation		—			—			1,792.7		—			1,792.7
Policy loans		—			—			2,263.9		—			2,263.9
Limited partnerships/corporations		—			—			599.6		—			599.6
Derivatives		137.1			—			2,701.8		(178.0	)		2,660.9
Investments in subsidiaries		14,867.0			13,421.5			—		(28,288.5	)		—
Other investments		—			1.7			213.4		—			215.1
Securities pledged		—			—			2,253.5		—			2,253.5
Total investments		15,073.5			13,434.8			92,792.9		(28,482.0	)		92,819.2
Cash and cash equivalents		1.3			0.6			636.1		—			638.0
Short-term investments under securities loan agreements, including collateral delivered		—			—			1,075.9		—			1,075.9
Accrued investment income		—			—			881.7		—			881.7
Reinsurance recoverable		—			—			7,723.4		—			7,723.4
Deferred policy acquisition costs, Value of business acquired		—			—			4,352.3		—			4,352.3
Sales inducements to contract holders		—			—			307.3		—			307.3
Current income taxes		(214.0	)		(25.3	)		265.3		—			26.0
Goodwill and other intangible assets		—			—			382.5		—			382.5
Loans to subsidiaries and affiliates		179.4			24.5			2,332.4		(2,536.3	)		—
Due from subsidiaries and affiliates		6.3			0.1			16.5		(22.9	)		—
Other assets		55.7			6.8			1,413.8		—			1,476.3
Assets related to consolidated investment entities:
Limited partnerships/corporations, at fair value		—			—			2,860.3		—			2,860.3
Cash and cash equivalents		—			—			137.0		—			137.0
Corporate loans, at fair value using the fair value option		—			—			2,162.9		—			2,162.9
Other assets		—			—			15.5		—			15.5
Assets held in separate accounts		—			—			88,714.5		—			88,714.5
Total assets	$	15,102.2		$	13,441.5		$	206,070.3	$	(31,041.2	)	$	203,572.8

	Parent Issuer			Subsidiary Guarantor		Non-Guarantor Subsidiaries		Consolidating Adjustments			Consolidated
Liabilities and Shareholder’s Equity:
Future policy benefits	$	—		$	—	$	15,626.7	$	—		$	15,626.7
Contract owner account balances		—			—		72,731.7		—			72,731.7
Payables under securities loan agreement, including collateral held		—			—		1,781.8		—			1,781.8
Short-term debt		2,911.0			500.0		179.5		(2,535.9	)		1,054.6
Long-term debt		—			651.3		707.3		(15.5	)		1,343.1
Funds held under reinsurance agreements		—			—		1,307.6		—			1,307.6
Derivatives		71.5			—		2,062.3		(178.0	)		1,955.8
Pension and other post-employment provisions		—			—		797.7		—			797.7
Deferred income taxes		(263.0	)		—		776.0		—			513.0
Due to subsidiaries and affiliates		16.2			0.3		6.4		(22.9	)		—
Other liabilities		12.6			17.6		1,533.8		(0.4	)		1,563.6
Liabilities related to consolidated investment entities:
Collateralized loan obligations notes, at fair value using the fair value option		—			—		2,057.1		—			2,057.1
Other liabilities		—			—		199.5		—			199.5
Liabilities related to separate accounts		—			—		88,714.5		—			88,714.5
Total liabilities		2,748.3			1,169.2		188,481.9		(2,752.7	)		189,646.7
Shareholder’s equity:
Total ING U.S., Inc. shareholder’s equity		12,353.9			12,272.3		16,016.2		(28,288.5	)		12,353.9
Noncontrolling interest		—			—		1,572.2		—			1,572.2
Total shareholder’s equity		12,353.9			12,272.3		17,588.4		(28,288.5	)		13,926.1
Total liabilities and shareholder’s equity	$	15,102.2		$	13,441.5	$	206,070.3	$	(31,041.2	)	$	203,572.8

Schedule of Condensed Consolidating Statement of Operations

Condensed Consolidating Statement of Operations

For the Six Months Ended June 30, 2013

	Parent Issuer			Subsidiary Guarantor			Non-Guarantor Subsidiaries			Consolidating Adjustments			Consolidated
Revenues:
Net investment income	$	25.2		$	0.1		$	2,286.9		$	(1.3	)	$	2,310.9
Fee income		—			—			1,801.6			—			1,801.6
Premiums		—			—			946.7			—			946.7
Net realized gains (losses):
Total other-than-temporary impairments		—			—			(21.3	)		—			(21.3	)
Less: Portion of other-than-temporary impairments recognized in Other comprehensive income (loss)		—			—			(3.1	)		—			(3.1	)
Net other-than-temporary impairments recognized in earnings		—			—			(18.2	)		—			(18.2	)
Other net realized capital gains (losses)		—			—			(1,422.5	)		—			(1,422.5	)
Total net realized capital gains (losses)		—			—			(1,440.7	)		—			(1,440.7	)
Other revenue		2.8			0.3			203.8			(5.2	)		201.7
Income (loss) related to consolidated investment entities:
Net investment income (loss)		—			—			211.0			—			211.0
Changes in fair value related to collateralized loan obligations		—			—			(72.0	)		—			(72.0	)
Total revenues		28.0			0.4			3,937.3			(6.5	)		3,959.2
Benefits and expenses:
Policyholder benefits		—			—			1,251.5			—			1,251.5
Interest credited to contract owner account balance		—			—			1,039.8			—			1,039.8
Operating expenses		6.9			—			1,527.6			(5.2	)		1,529.3
Net amortization of deferred policy acquisition costs and value of business acquired		—			—			255.0			—			255.0
Interest expense		56.3			29.8			3.4			(1.3	)		88.2
Operating expenses related to consolidated investment entities:
Interest expense		—			—			80.2			—			80.2
Other expense		—			—			4.7			—			4.7
Total benefits and expenses		63.2			29.8			4,162.2			(6.5	)		4,248.7
Income (loss) before income taxes		(35.2	)		(29.4	)		(224.9	)		—			(289.5	)
Income tax expense (benefit)		(3.5	)		(2.9	)		27.7			—			21.3
Net income (loss) before equity in earnings (losses) of unconsolidated affiliates		(31.7	)		(26.5	)		(252.6	)		—			(310.8	)
Equity in earnings (losses) of subsidiaries, net of tax		(262.5	)		356.0			—			(93.5	)		—
Net income (loss) including noncontrolling interest		(294.2	)		329.5			(252.6	)		(93.5	)		(310.8	)
Less: Net income (loss) attributable to noncontrolling interest		—			—			(16.6	)		—			(16.6	)
Net income (loss) available to ING U.S., Inc.’s common shareholders	$	(294.2	)	$	329.5		$	(236.0	)	$	(93.5	)	$	(294.2	)

Condensed Consolidating Statement of Operations

For the Six Months Ended June 30, 2012

	Parent Issuer			Subsidiary Guarantor			Non-Guarantor Subsidiaries			Consolidating Adjustments			Consolidated
Revenues:
Net investment income	$	1.7		$	0.2		$	2,417.4		$	(3.0	)	$	2,416.3
Fee income		—			—			1,751.9			—			1,751.9
Premiums		—			—			936.4			—			936.4
Net realized gains (losses):
Total other-than-temporary impairments		—			—			(17.4	)		—			(17.4	)
Less: Portion of other-than-temporary impairments recognized in Other comprehensive income (loss)		—			—			(4.4	)		—			(4.4	)
Net other-than-temporary impairments recognized in earnings		—			—			(13.0	)		—			(13.0	)
Other net realized capital gains (losses)		—			—			(751.2	)		—			(751.2	)
Total net realized capital gains (losses)		—			—			(764.2	)		—			(764.2	)
Other revenue		12.3			0.7			181.7			(5.2	)		189.5
Income (loss) related to consolidated investment entities:
Net investment income (loss)		—			—			403.0			—			403.0
Changes in fair value related to collateralized loan obligations		—			—			(85.7	)		—			(85.7	)
Total revenues		14.0			0.9			4,840.5			(8.2	)		4,847.2
Benefits and expenses:
Policyholder benefits		—			—			1,372.9			—			1,372.9
Interest credited to contract owner account balance		—			—			1,156.9			—			1,156.9
Operating expenses		4.6			—			1,472.6			(5.2	)		1,472.0
Net amortization of deferred policy acquisition costs and value of business acquired		—			—			389.9			—			389.9
Interest expense		22.5			30.2			12.7			(3.0	)		62.4
Operating expenses related to consolidated investment entities:
Interest expense		—			—			47.8			—			47.8
Other expense		—			—			5.1			—			5.1
Total benefits and expenses		27.1			30.2			4,457.9			(8.2	)		4,507.0
Income (loss) before income taxes		(13.1	)		(29.3	)		382.6			—			340.2
Income tax expense (benefit)		13.1			(0.6	)		52.3			(55.9	)		8.9
Net income (loss) before equity in earnings (losses) of unconsolidated affiliates		(26.2	)		(28.7	)		330.3			55.9			331.3
Equity in earnings (losses) of subsidiaries, net of tax		155.4			11.1			—			(166.5	)		—
Net income (loss) including noncontrolling interest		129.2			(17.6	)		330.3			(110.6	)		331.3
Less: Net income (loss) attributable to noncontrolling interest		—			—			202.1			—			202.1
Net income (loss) available to ING U.S., Inc.’s common shareholder	$	129.2		$	(17.6	)	$	128.2		$	(110.6	)	$	129.2

Condensed Consolidating Statement of Operations

For the Year Ended December 31, 2012

	Parent Issuer			Subsidiary Guarantor			Non-Guarantor Subsidiaries			Consolidating Adjustments			Consolidated
Revenues:
Net investment income	$	2.4		$	1.9		$	4,698.3		$	(4.7	)	$	4,697.9
Fee income		—			—			3,515.4			—			3,515.4
Premiums		—			—			1,861.1			—			1,861.1
Net realized gains (losses):
Total other-than-temporary impairments		—			—			(74.1	)		—			(74.1	)
Less: Portion of other-than-temporary impairments recognized in Other comprehensive income (loss)		—			—			(19.0	)		—			(19.0	)
Net other-than-temporary impairments recognized in earnings		—			—			(55.1	)		—			(55.1	)
Other net realized capital gains (losses)		—			—			(1,225.7	)		—			(1,225.7	)
Total net realized capital gains (losses)		—			—			(1,280.8	)		—			(1,280.8	)
Other revenue		12.5			0.7			373.7			(8.4	)		378.5
Income (loss) related to consolidated investment entities:
Net investment income (loss)		—			—			556.6			—			556.6
Changes in fair value related to collateralized loan obligations		—			—			(113.4	)		—			(113.4	)
Total revenues		14.9			2.6			9,610.9			(13.1	)		9,615.3
Benefits and expenses:
Policyholder benefits		—			—			2,613.5			—			2,613.5
Interest credited to contract owner account balance		—			—			2,248.1			—			2,248.1
Operating expenses		30.5			1.2			3,131.7			(8.4	)		3,155.0
Net amortization of deferred policy acquisition costs and value of business acquired		—			—			722.3			—			722.3
Interest expense		74.1			61.4			22.9			(4.7	)		153.7
Operating expenses related to consolidated investment entities:
Interest expense		—			—			106.4			—			106.4
Other expense		—			—			10.3			—			10.3
Total benefits and expenses		104.6			62.6			8,855.2			(13.1	)		9,009.3
Income (loss) before income taxes		(89.7	)		(60.0	)		755.7			—			606.0
Income tax expense (benefit)		(349.4	)		(1.2	)		395.9			(50.5	)		(5.2	)
Net income (loss) before equity in earnings (losses) of unconsolidated affiliates		259.7			(58.8	)		359.8			50.5			611.2
Equity in earnings (losses) of subsidiaries, net of tax		213.3			811.1			—			(1,024.4	)		—
Net income (loss) including noncontrolling interest		473.0			752.3			359.8			(973.9	)		611.2
Less: Net income (loss) attributable to noncontrolling interest		—			—			138.2			—			138.2
Net income (loss) available to ING U.S., Inc.’s common shareholder	$	473.0		$	752.3		$	221.6		$	(973.9	)	$	473.0

Condensed Consolidating Statement of Operations

For the Year Ended December 31, 2011

	Parent Issuer			Subsidiary Guarantor			Non-Guarantor Subsidiaries			Consolidating Adjustments			Consolidated
Revenues:
Net investment income	$	10.9		$	1.8		$	4,968.5		$	(12.4	)	$	4,968.8
Fee income		—			—			3,603.6			—			3,603.6
Premiums		—			—			1,770.0			—			1,770.0
Net realized gains (losses):
Total other-than-temporary impairments		—			—			(550.6	)		—			(550.6	)
Less: Portion of other-than-temporary impairments recognized in Other comprehensive income (loss)		—			—			(47.9	)		—			(47.9	)
Net other-than-temporary impairments recognized in earnings		—			—			(502.7	)		—			(502.7	)
Other net realized capital gains (losses)		(42.2	)		—			(986.5	)		—			(1,028.7	)
Total net realized capital gains (losses)		(42.2	)		—			(1,489.2	)		—			(1,531.4	)
Other revenue		19.7			1.1			412.1			(4.7	)		428.2
Income (loss) related to consolidated investment entities:
Net investment income (loss)		—			—			528.4			—			528.4
Changes in fair value related to collateralized loan obligations		—			—			(48.8	)		—			(48.8	)
Total revenues		(11.6	)		2.9			9,744.6			(17.1	)		9,718.8
Benefits and expenses:
Policyholder benefits		—			—			3,286.5			—			3,286.5
Interest credited to contract owner account balance		—			—			2,452.3			3.2			2,455.5
Operating expenses		11.9			3.2			3,023.6			(7.9	)		3,030.8
Net amortization of deferred policy acquisition costs and value of business acquired		—			—			387.0			—			387.0
Interest expense		61.7			56.4			33.6			(12.4	)		139.3
Operating expenses related to consolidated investment entities:
Interest expense		—			—			68.4			—			68.4
Other expense		—			—			73.5			—			73.5
Total benefits and expenses		73.6			59.6			9,324.9			(17.1	)		9,441.0
Income (loss) before income taxes		(85.2	)		(56.7	)		419.7			—			277.8
Income tax expense (benefit)		363.0			(17.1	)		(354.0	)		183.1			175.0
Net income (loss) before equity in earnings (losses) of unconsolidated affiliates		(448.2	)		(39.6	)		773.7			(183.1	)		102.8
Equity in earnings (losses) of subsidiaries, net of tax		360.1			481.9			—			(842.0	)		—
Net income (loss) including noncontrolling interest		(88.1	)		442.3			773.7			(1,025.1	)		102.8
Less: Net income (loss) attributable to noncontrolling interest		—			—			190.9			—			190.9
Net income (loss) available to ING U.S., Inc.’s common shareholder	$	(88.1	)	$	442.3		$	582.8		$	(1,025.1	)	$	(88.1	)

Condensed Consolidating Statement of Operations

For the Year Ended December 31, 2010

	Parent Issuer			Subsidiary Guarantor			Non-Guarantor Subsidiaries			Consolidating Adjustments			Consolidated
Revenues:
Net investment income	$	19.7		$	2.3		$	4,990.2		$	(25.2	)	$	4,987.0
Fee income		—			—			3,516.5			—			3,516.5
Premiums		—			—			1,707.5			—			1,707.5
Net realized gains (losses):
Total other-than-temporary impairments		—			—			(1,383.4	)		—			(1,383.4	)
Less: Portion of other-than-temporary impairments recognized in Other comprehensive income (loss)		—			—			(492.6	)		—			(492.6	)
Net other-than-temporary impairments recognized in earnings		—			—			(890.8	)		—			(890.8	)
Other net realized capital gains (losses)		(155.8	)		—			(631.4	)		—			(787.2	)
Total net realized capital gains (losses)		(155.8	)		—			(1,522.2	)		—			(1,678.0	)
Other revenue		19.2			1.3			531.9			(5.4	)		547.0
Income (loss) related to consolidated investment entities:
Net investment income (loss)		—			—			316.0			—			316.0
Changes in fair value related to collateralized loan obligations		—			—			(121.8	)		—			(121.8	)
Total revenues		(116.9	)		3.6			9,418.1			(30.6	)		9,274.2
Benefits and expenses:
Policyholder benefits		—			—			2,466.7			—			2,466.7
Interest credited to contract owner account balance		—			—			2,560.6			—			2,560.6
Operating expenses		11.9			15.8			3,011.2			(5.4	)		3,033.5
Net amortization of deferred policy acquisition costs and value of business acquired		—			—			746.6			—			746.6
Interest expense		249.0			62.2			46.5			(25.2	)		332.5
Operating expenses related to consolidated investment entities:
Interest expense		—			—			49.8			—			49.8
Other expense		—			—			46.7			—			46.7
Total benefits and expenses		260.9			78.0			8,928.1			(30.6	)		9,236.4
Income (loss) before income taxes		(377.8	)		(74.4	)		490.0			—			37.8
Income tax expense (benefit)		151.0			(1.3	)		125.8			(104.5	)		171.0
Net income (loss) before equity in earnings (losses) of unconsolidated affiliates		(528.8	)		(73.1	)		364.2			104.5			(133.2	)
Equity in earnings (losses) of subsidiaries, net of tax		405.9			626.9			—			(1,032.8	)		—
Net income (loss) including noncontrolling interest		(122.9	)		553.8			364.2			(928.3	)		(133.2	)
Less: Net income (loss) attributable to noncontrolling interest		—			—			(10.3	)		—			(10.3	)
Net income (loss) available to ING U.S., Inc.’s common shareholder	$	(122.9	)	$	553.8		$	374.5		$	(928.3	)	$	(122.9	)

Schedule of Condensed Consolidating Statement of Comprehensive Income

Condensed Consolidating Statement of Comprehensive Income

For the Six Months Ended June 30, 2013

	Parent Issuer			Subsidiary Guarantor			Non-Guarantor Subsidiaries			Consolidating Adjustments			Consolidated
Net income (loss)	$	(294.2	)	$	329.5		$	(252.6	)	$	(93.5	)	$	(310.8	)
Other comprehensive income (loss), before tax:
Unrealized gains/losses on securities		(2,510.2	)		(1,658.2	)		(2,509.5	)		4,167.7			(2,510.2	)
Other-than-temporary impairments		31.3			16.4			31.3			(47.7	)		31.3
Pension and other post-employment benefit liability		(6.9	)		(1.6	)		(6.9	)		8.5			(6.9	)
Other comprehensive income (loss), before tax		(2,485.8	)		(1,643.4	)		(2,485.1	)		4,128.5			(2,485.8	)
Income tax expense (benefit) related to items of other comprehensive income (loss)		(862.9	)		(569.9	)		(862.6	)		1,432.5			(862.9	)
Other comprehensive income (loss), after tax		(1,622.9	)		(1,073.5	)		(1,622.5	)		2,696.0			(1,622.9	)
Comprehensive income (loss)		(1,917.1	)		(744.0	)		(1,875.1	)		2,602.5			(1,933.7	)
Less: Comprehensive income (loss) attributable to the noncontrolling interest		—			—			(16.6	)		—			(16.6	)
Comprehensive income (loss) attributable to ING U.S., Inc.’s common shareholders	$	(1,917.1	)	$	(744.0	)	$	(1,858.5	)	$	2,602.5		$	(1,917.1	)

Condensed Consolidating Statement of Comprehensive Income

For the Six Months Ended June 30, 2012

	Parent Issuer			Subsidiary Guarantor			Non-Guarantor Subsidiaries			Consolidating Adjustments			Consolidated
Net income (loss)	$	129.2		$	(17.6	)	$	330.3		$	(110.6	)	$	331.3
Other comprehensive income (loss), before tax:
Unrealized gains/losses on securities		574.1			611.1			572.5			(1,183.6	)		574.1
Other-than-temporary impairments		23.9			14.3			23.9			(38.2	)		23.9
Pension and other post-employment benefit liability		(7.5	)		(1.6	)		(7.4	)		9.0			(7.5	)
Other comprehensive income (loss), before tax		590.5			623.8			589.0			(1,212.8	)		590.5
Income tax expense (benefit) related to items of other comprehensive income (loss)		164.0			137.7			143.0			(280.7	)		164.0
Other comprehensive income (loss), after tax		426.5			486.1			446.0			(932.1	)		426.5
Comprehensive income (loss)		555.7			468.5			776.3			(1,042.7	)		757.8
Less: Comprehensive income (loss) attributable to the noncontrolling interest		—			—			202.1			—			202.1
Comprehensive income (loss) attributable to ING U.S., Inc.’s common shareholder	$	555.7		$	468.5		$	574.2		$	(1,042.7	)	$	555.7

Condensed Consolidating Statement of Comprehensive Income

For the Year Ended December 31, 2012

	Parent Issuer			Subsidiary Guarantor			Non-Guarantor Subsidiaries			Consolidating Adjustments			Consolidated
Net income (loss) including noncontrolling interest	$	473.0		$	752.3		$	359.8		$	(973.9	)	$	611.2
Other comprehensive income (loss), before tax:
Unrealized gains/losses on securities		1,659.1			1,281.7			1,655.9			(2,937.6	)		1,659.1
Other-than-temporary impairments		52.2			30.4			52.2			(82.6	)		52.2
Pension and other post-employment benefit liability		(21.4	)		(3.2	)		(21.4	)		24.6			(21.4	)
Other comprehensive income (loss), before tax		1,689.9			1,308.9			1,686.7			(2,995.6	)		1,689.9
Income tax (benefit) expense related to items of other comprehensive income (loss)		574.2			411.9			555.3			(967.2	)		574.2
Other comprehensive income (loss), after tax		1,115.7			897.0			1,131.4			(2,028.4	)		1,115.7
Comprehensive income (loss)		1,588.7			1,649.3			1,491.2			(3,002.3	)		1,726.9
Less: Comprehensive income (loss) attributable to the noncontrolling interest		—			—			138.2			—			138.2
Comprehensive income (loss) attributable to ING U.S., Inc.’s common shareholder	$	1,588.7		$	1,649.3		$	1,353.0		$	(3,002.3	)	$	1,588.7

Condensed Consolidating Statement of Comprehensive Income

For the Year Ended December 31, 2011

	Parent Issuer			Subsidiary Guarantor		Non-Guarantor Subsidiaries		Consolidating Adjustments			Consolidated
Net income (loss) including noncontrolling interest	$	(88.1	)	$	442.3	$	773.7	$	(1,025.1	)	$	102.8
Other comprehensive income (loss), before tax:
Unrealized gains/losses on securities		1,655.4			901.5		1,658.7		(2,560.2	)		1,655.4
Other-than-temporary impairments		165.4			68.2		165.3		(233.5	)		165.4
Pension and other post-employment benefit liability		78.9			6.9		78.9		(85.8	)		78.9
Other comprehensive income (loss), before tax		1,899.7			976.6		1,902.9		(2,879.5	)		1,899.7
Income tax (benefit) expense related to items of other comprehensive income (loss)		278.0			215.7		455.8		(671.5	)		278.0
Other comprehensive income (loss), after tax		1,621.7			760.9		1,447.1		(2,208.0	)		1,621.7
Comprehensive income (loss)		1,533.6			1,203.2		2,220.8		(3,233.1	)		1,724.5
Less: Comprehensive income (loss) attributable to the noncontrolling interest		—			—		190.9		—			190.9
Comprehensive income (loss) attributable to ING U.S., Inc.’s common shareholder	$	1,533.6		$	1,203.2	$	2,029.9	$	(3,233.1	)	$	1,533.6

Condensed Consolidating Statement of Comprehensive Income

For the Year Ended December 31, 2010

	Parent Issuer			Subsidiary Guarantor			Non-Guarantor Subsidiaries			Consolidating Adjustments			Consolidated
Net income (loss) including noncontrolling interest	$	(122.9	)	$	553.8		$	364.2		$	(928.3	)	$	(133.2	)
Other comprehensive income (loss), before tax:
Unrealized gains/losses on securities		3,377.3			1,823.1			3,373.7			(5,196.8	)		3,377.3
Other-than-temporary impairments		(44.7	)		(26.3	)		(44.8	)		71.1			(44.7	)
Pension and other post-employment benefit liability		(3.9	)		(2.7	)		(3.9	)		6.6			(3.9	)
Other comprehensive income (loss), before tax		3,328.7			1,794.1			3,325.0			(5,119.1	)		3,328.7
Income tax (benefit) expense related to items of other comprehensive income (loss)		1,012.5			395.8			1,011.3			(1,407.1	)		1,012.5
Other comprehensive income (loss), after tax		2,316.2			1,398.3			2,313.7			(3,712.0	)		2,316.2
Comprehensive income (loss)		2,193.3			1,952.1			2,677.9			(4,640.3	)		2,183.0
Less: Comprehensive income (loss) attributable to the noncontrolling interest		—			—			(10.3	)		—			(10.3	)
Comprehensive income (loss) attributable to ING U.S., Inc.’s common shareholder	$	2,193.3		$	1,952.1		$	2,688.2		$	(4,640.3	)	$	2,193.3

Schedule of Condensed Consolidating Statement of Cash Flows

Condensed Consolidating Statement of Cash Flows

For the Six Months Ended June 30, 2013

	Parent Issuer			Subsidiary Guarantor			Non-Guarantor Subsidiaries			Consolidating Adjustments			Consolidated
Net cash provided by (used in) operating activities	$	145.6		$	25.7		$	1,155.6		$	(37.0	)	$	1,289.9
Cash Flows from Investing Activities:
Proceeds from the sale, maturity, disposal or redemption of:
Fixed maturities		—			—			7,714.4			—			7,714.4
Equity securities, available-for-sale		6.6			13.5			11.9			—			32.0
Mortgage loans on real estate		—			—			790.4			—			790.4
Limited partnerships/corporations		—			—			54.0			—			54.0
Acquisition of:
Fixed maturities		—			—			(10,478.1	)		—			(10,478.1	)
Equity securities, available-for-sale		(7.7	)		—			(3.2	)		—			(10.9	)
Mortgage loans on real estate		—			—			(1,033.8	)		—			(1,033.8	)
Limited partnerships/corporations		—			—			(8.7	)		—			(8.7	)
Short-term investments, net		—			—			3,586.4			—			3,586.4
Policy loans, net		—			—			55.4			—			55.4
Derivatives, net		—			—			(1,293.4	)		—			(1,293.4	)
Other investments, net		—			—			11.5			—			11.5
Sales from consolidated investments entities		—			—			1,508.9			—			1,508.9
Purchase of consolidated investment entities		—			—			(2,027.2	)		—			(2,027.2	)
Maturity of intercompany loans issued to subsidiaries with maturities more than three months		1.8			—			—			(1.8	)		—
Net maturity of short-term intercompany loans		(58.5	)		30.8			(18.0	)		45.7			—
Return of capital contributions from subsidiaries		1,434.0			987.0			—			(2,421.0	)		—
Capital contributions to subsidiaries		(2,062.0	)		—			—			2,062.0			—
Collateral received (delivered), net		12.7			—			(799.7	)		—			(787.0	)
Purchases of fixed assets, net		—			—			(15.1	)		—			(15.1	)
Net cash (used in) provided by investing activities		(673.1	)		1,031.3			(1,944.3	)		(315.1	)		(1,901.2	)
Cash Flows from Financing Activities:
Deposits received for investment contracts		—			—			5,917.2			—			5,917.2
Maturities and withdrawals from investment contracts		—			—			(6,226.0	)		—			(6,226.0	)
Proceeds from issuance of debt with maturities of more than three months		1,748.4			—			0.5			—			1,748.9
Repayment of debt with maturities of more than three months		(1,370.3	)		(350.0	)		(688.4	)		—			(2,408.7	)
Short-term debt, net		(171.6	)		—			—			—			(171.6	)
Debt issuance costs		(19.6	)		—			—			—			(19.6	)
Intercompany loans with maturities of more than three months		—			—			(1.8	)		1.8			—
Net (repayments of) proceeds from short-term intercompany loans		(12.8	)		—			58.5			(45.7	)		—
Dividends to parent		—			—			(37.0	)		37.0			—
Return of capital contributions to parent		—			(987.0	)		(1,434.0	)		2,421.0			—
Contributions of capital from parent		—			280.0			1,782.0			(2,062.0	)		—
Borrowings of consolidated investment entities		—			—			27.7			—			27.7
Repayments of debt of consolidated investment entities		—			—			(7.8	)		—			(7.8	)
Contributions from participants in consolidated investment entities		—			—			942.2			—			942.2
Proceeds from issuance of common stock, net		572.0			—			—			—			572.0
Net cash (used in) provided by financing activities		746.1			(1,057.0	)		333.1			352.1			374.3
Net increase (decrease) in cash and cash equivalents		218.6			—			(455.6	)		—			(237.0	)
Cash and cash equivalents, beginning of period		357.5			0.4			1,428.9			—			1,786.8
Cash and cash equivalents, end of period	$	576.1		$	0.4		$	973.3		$	—		$	1,549.8

Condensed Consolidating Statement of Cash Flows

For the Six Months Ended June 30, 2012

	Parent Issuer			Subsidiary Guarantor			Non-Guarantor Subsidiaries			Consolidating Adjustments			Consolidated
Net cash (used in) provided by operating activities	$	(163.4	)	$	18.2		$	1,508.2		$	(16.0	)	$	1,347.0
Cash Flows from Investing Activities:
Proceeds from the sale, maturity, disposal or redemption of:
Fixed maturities		—			—			9,420.2			—			9,420.2
Equity securities, available-for-sale		13.3			9.7			9.9			—			32.9
Mortgage loans on real estate		—			1.0			805.2			—			806.2
Loan – Dutch State obligation		—			—			192.3			—			192.3
Limited partnerships/corporations		—			—			300.3			—			300.3
Acquisition of:
Fixed maturities		—			—			(8,501.7	)		—			(8,501.7	)
Equity securities, available-for-sale		(6.0	)		—			(6.5	)		—			(12.5	)
Mortgage loans on real estate		—			—			(1,068.9	)		—			(1,068.9	)
Limited partnerships/corporations		—			—			(38.4	)		—			(38.4	)
Short-term investments, net		—			—			(2,192.2	)		—			(2,192.2	)
Policy loans, net		—			—			54.9			—			54.9
Derivatives, net		—			—			(528.4	)		—			(528.4	)
Other investments, net		—			—			3.2			—			3.2
Sales from consolidated investments entities		—			—			749.2			—			749.2
Purchase of consolidated investment entities		—			—			(1,180.6	)		—			(1,180.6	)
Net maturity of short-term intercompany loans		(57.0	)		(15.2	)		2,142.8			(2,070.6	)		—
Return of capital contributions from subsidiaries		813.0			720.0			—			(1,533.0	)		—
Capital contributions to subsidiaries		(400.0	)		—			—			400.0			—
Collateral received (delivered), net		7.2			—			495.1			—			502.3
Purchases of fixed assets, net		—			—			(24.9	)		—			(24.9	)
Other, net		—			—			(4.7	)		—			(4.7	)
Net cash (used in) provided by investing activities		370.5			715.5			626.8			(3,203.6	)		(1,490.8	)
Cash Flows from Financing Activities:
Deposits received for investment contracts		—			—			8,828.7			—			8,828.7
Maturities and withdrawals from investment contracts		—			—			(9,958.5	)		—			(9,958.5	)
Proceeds from issuance of debt with maturities of more than three months		2,082.8			—			—			—			2,082.8
Repayment of debt with maturities of more than three months		(73.8	)		—			0.5			—			(73.3	)
Short-term debt, net		26.0			—			—			—			26.0
Debt issuance costs		(29.4	)		—			—			—			(29.4	)
Net (repayments of) proceeds from short-term intercompany loans		(2,127.7	)		—			57.1			2,070.6			—
Dividends to parent		—			—			(16.0	)		16.0			—
Return of capital contributions to parent		—			(733.0	)		(800.0	)		1,533.0			—
Contributions of capital from parent		—			—			400.0			(400.0	)		—
Borrowings of consolidated investment entities		—			—			45.7			—			45.7
Repayments of debt of consolidated investment entities		—			—			(43.3	)		—			(43.3	)
Contributions from participants in consolidated investment entities		—			—			442.4			—			442.4
Net cash (used in) provided by financing activities		(122.1	)		(733.0	)		(1,043.4	)		3,219.6			1,321.1
Net increase (decrease) in cash and cash equivalents		85.0			0.7			1,091.6			—			1,177.3
Cash and cash equivalents, beginning of period		1.3			0.6			636.1			—			638.0
Cash and cash equivalents, end of period	$	86.3		$	1.3		$	1,727.7		$	—		$	1,815.3

Condensed Consolidating Statement of Cash Flows

For the Year Ended December 31, 2012

	Parent Issuer			Subsidiary Guarantor			Non-Guarantor Subsidiaries			Consolidating Adjustments			Consolidated
Net cash provided by (used in) operating activities	$	59.7		$	50.5		$	3,264.9		$	(93.0	)	$	3,282.1
Cash Flows from Investing Activities:
Proceeds from the sale, maturity, disposal or redemption of:
Fixed maturities	$	—		$	—		$	17,015.2		$	—		$	17,015.2
Equity securities, available-for-sale		27.2			12.0			27.6			—			66.8
Mortgage loans on real estate		—			—			1,991.8			—			1,991.8
Loan—Dutch State obligation		—			—			1,781.9			—			1,781.9
Limited partnerships/corporations		—			—			895.9			—			895.9
Acquisition of:
Fixed maturities		—			—			(17,292.3	)		—			(17,292.3	)
Equity securities, available-for-sale		(14.0	)		(17.5	)		(10.3	)		—			(41.8	)
Mortgage loans on real estate		—			—			(1,969.0	)		—			(1,969.0	)
Limited partnerships/corporations		—			—			(178.9	)		—			(178.9	)
Short-term investments, net		—			—			(2,397.4	)		—			(2,397.4	)
Policy loans, net		—			—			63.6			—			63.6
Derivatives, net		—			—			(1,395.8	)		—			(1,395.8	)
Other investments, net		—			1.3			42.1			—			43.4
Sales from consolidated investment entities		—			—			1,781.7			—			1,781.7
Purchase of consolidated investment entities		—			—			(2,851.6	)		—			(2,851.6	)
Net maturity of short-term intercompany loans		102.3			(33.5	)		2,070.8			(2,139.6	)		—
Return of capital contributions from subsidiaries		813.0			720.0			—			(1,533.0	)		—
Capital contributions to subsidiaries		(400.0	)		—			—			400.0			—
Collateral received (delivered), net		7.2			—			132.7			—			139.9
Purchases of fixed assets, net		—			—			(29.3	)		—			(29.3	)
Net cash provided by (used in) investing activities		535.7			682.3			(321.3	)		(3,272.6	)		(2,375.9	)
Cash Flows from Financing Activities:
Deposits received for investment contracts	$	—		$	—		$	16,118.8		$	—		$	16,118.8
Maturities and withdrawals from investment contracts		—			—			(19,033.4	)		—			(19,033.4	)
Proceeds from issuance of debt with maturities of more than three months		3,048.5			—			1.1			—			3,049.6
Repayment of debt with maturities of more than three months		(902.5	)		—			—			—			(902.5	)
Short-term debt		(309.1	)		—			—			—			(309.1	)
Debt issuance costs		(38.8	)		—			—			—			(38.8	)
Net (repayments of) proceeds from short-term intercompany loans		(2,037.3	)		—			(102.3	)		2,139.6			—
Dividends to parent		—			—			(93.0	)		93.0			—
Return of capital contributions to parent		—			(733.0	)		(800.0	)		1,533.0			—
Contributions of capital from parent		—			—			400.0			(400.0	)		—
Borrowings of consolidated investment entities		—			—			152.6			—			152.6
Repayments of debt of consolidated investment entities		—			—			(56.6	)		—			(56.6	)
Contributions from (distributions to) participants in consolidated investment entities		—			—			1,262.0			—			1,262.0
Net cash provided by (used in) financing activities		(239.2	)		(733.0	)		(2,150.8	)		3,365.6			242.6
Net increase (decrease) in cash and cash equivalents		356.2			(0.2	)		792.8			—			1,148.8
Cash and cash equivalents, beginning of year		1.3			0.6			636.1			—			638.0
Cash and cash equivalents, end of year	$	357.5		$	0.4		$	1,428.9		$	—		$	1,786.8

Condensed Consolidating Statement of Cash Flows

For the Year Ended December 31, 2011

	Parent Issuer			Subsidiary Guarantor			Non-Guarantor Subsidiaries			Consolidating Adjustments			Consolidated
Net cash provided by (used in) operating activities	$	134.4		$	48.7		$	4,273.9		$	(100.0	)	$	4,357.0
Cash Flows from Investing Activities:
Proceeds from the sale, maturity, disposal or redemption of:
Fixed maturities	$	—		$	—		$	17,312.4		$	—		$	17,312.4
Equity securities, available-for-sale		21.2			15.7			170.0			—			206.9
Mortgage loans on real estate		—			—			1,542.5			—			1,542.5
Loan - Dutch State obligation		—			—			505.6			—			505.6
Limited partnerships/corporations		—			—			121.3			—			121.3
Acquisition of:
Fixed maturities		—			—			(18,598.9	)		—			(18,598.9	)
Equity securities, available-for-sale		(12.5	)		(17.2	)		(23.0	)		—			(52.7	)
Mortgage loans on real estate		—			—			(2,057.9	)		—			(2,057.9	)
Limited partnerships/corporations		—			—			(156.4	)		—			(156.4	)
Short-term investments, net		—			—			(763.2	)		—			(763.2	)
Policy loans, net		—			—			127.9			—			127.9
Derivatives, net		(410.4	)		—			(806.3	)		—			(1,216.7	)
Other investments, net		—			1.0			(9.4	)		—			(8.4	)
Sales from consolidated investment entities		—			—			2,422.8			—			2,422.8
Purchase of consolidated investment entities		—			—			(3,044.6	)		—			(3,044.6	)
Maturity of intercompany loans with maturities more than three months		13.9			500.0			—			(513.9	)		—
Net maturity of short-term intercompany loans		856.3			425.4			(384.6	)		(897.1	)		—
Return of capital contributions from subsidiaries		200.0			9.6			—			(209.6	)		—
Capital contributions to subsidiaries		(377.0	)		(347.0	)		—			724.0			—
Collateral received (delivered), net		(2.5	)		—			759.2			—			756.7
Purchases of fixed assets, net		—			—			(32.9	)		—			(32.9	)
Other, net		—			—			(16.1	)		—			(16.1	)
Net cash provided by (used in) investing activities		289.0			587.5			(2,931.6	)		(896.6	)		(2,951.7	)
Cash Flows from Financing Activities:
Deposits received for investment contracts	$	—		$	—		$	16,571.1		$	—		$	16,571.1
Maturities and withdrawals from investment contracts		—			—			(17,246.6	)		500.0			(16,746.6	)
Proceeds from issuance of debt with maturities of more than three months		548.5			—			58.0			—			606.5
Repayment of debt with maturities of more than three months		(573.8	)		—			—			—			(573.8	)
Short-term debt		(359.0	)		—			(1,546.0	)		—			(1,905.0	)
Intercompany loans with maturities of more than three months		—			—			(13.9	)		13.9			—
Net (repayments of) proceeds from short-term intercompany loans		(40.8	)		(983.1	)		126.8			897.1			—
Dividends to parent		—			—			(100.0	)		100.0			—
Return of capital contributions to parent		—			—			(209.6	)		209.6			—
Contributions of capital from parent		—			347.0			377.0			(724.0	)		—
Borrowings of consolidated investment entities		—			—			138.9			—			138.9
Repayments of debt of consolidated investment entities		—			—			(121.4	)		—			(121.4	)
Contributions from (distributions to) participants in consolidated investment entities		—			—			647.7			—			647.7
Net cash provided by (used in) financing activities		(425.1	)		(636.1	)		(1,318.0	)		996.6			(1,382.6	)
Net increase (decrease) in cash and cash equivalents		(1.7	)		0.1			24.3			—			22.7
Cash and cash equivalents, beginning of year		3.0			0.5			611.8			—			615.3
Cash and cash equivalents, end of year	$	1.3		$	0.6		$	636.1		$	—		$	638.0

Condensed Consolidating Statement of Cash Flows

For the Year Ended December 31, 2010

	Parent Issuer			Subsidiary Guarantor			Non-Guarantor Subsidiaries			Consolidating Adjustments			Consolidated
Net cash provided by (used in) operating activities	$	511.6		$	68.7		$	2,069.4		$	(100.0	)	$	2,549.7
Cash Flows from Investing Activities:
Proceeds from the sale, maturity, disposal or redemption of:
Fixed maturities	$	—		$	—		$	20,554.6		$	—		$	20,554.6
Equity securities, available-for-sale		37.0			19.9			402.7			—			459.6
Mortgage loans on real estate		—			—			1,677.7			—			1,677.7
Loan—Dutch State obligation		—			—			519.9			—			519.9
Limited partnerships/corporations		—			—			173.9			—			173.9
Acquisition of:
Fixed maturities		—			—			(24,788.4	)		—			(24,788.4	)
Equity securities, available-for-sale		(24.0	)		(20.9	)		(104.1	)		—			(149.0	)
Mortgage loans on real estate		—			—			(627.2	)		—			(627.2	)
Limited partnerships/corporations		—			—			(182.0	)		—			(182.0	)
Short-term investments, net		—			—			2,525.8			—			2,525.8
Policy loans, net		—			—			47.7			—			47.7
Derivatives, net		(198.0	)		—			(1,515.7	)		—			(1,713.7	)
Other investments, net		—			1.5			(35.2	)		—			(33.7	)
Sales from consolidated investment entities		—			—			1,063.2			—			1,063.2
Purchase of consolidated investment entities		—			—			(1,095.5	)		—			(1,095.5	)
Maturity of intercompany loans with maturities more than three months		43.2			—			—			(43.2	)		—
Net maturity of short-term intercompany loans to subsidiaries		482.8			(449.9	)		465.3			(498.2	)		—
Return of capital contributions from subsidiaries		688.1			492.9			—			(1,181.0	)		—
Capital contributions to subsidiaries		(1,597.0	)		(768.6	)		—			2,365.6			—
Collateral received (delivered), net		(75.8	)		—			59.7			—			(16.1	)
Divestment sale of businesses, net of cash disposed of $57.5		(50.0	)		125.0			(57.5	)		—			17.5
Purchases of fixed assets, net		—			—			(34.7	)		—			(34.7	)
Merger of subsidiary into parent		—			450.0			(450.0	)		—			—
Other, net		—			—			(55.8	)		—			(55.8	)
Net cash provided by (used in) investing activities		(693.7	)		(150.1	)		(1,455.6	)		643.2			(1,656.2	)
Cash Flows from Financing Activities:
Deposits received for investment contracts	$	—		$	—		$	11,731.3		$	—		$	11,731.3
Maturities and withdrawals from investment contracts		—			—			(13,207.8	)		—			(13,207.8	)
Proceeds from issuance of debt with maturities of more than three months		265.1			—			—			—			265.1
Repayment of debt with maturities of more than three months		(319.9	)		—			(1,218.3	)		—			(1,538.2	)
Short-term debt		(121.1	)		—			828.8			—			707.7
Intercompany loans with maturities of more than three months		—			—			(43.2	)		43.2			—
Net (repayments of) proceeds from short-term intercompany loans		(15.4	)		20.8			(503.6	)		498.2			—
Dividends to parent		—			—			(100.0	)		100.0			—
Return of capital contributions to parent		—			(688.1	)		(492.9	)		1,181.0			—
Contributions of capital from parent		—			749.0			1,616.6			(2,365.6	)		—
Borrowings of consolidated investment entities		—			—			168.3			—			168.3
Repayments of debt of consolidated investment entities		—			—			(40.0	)		—			(40.0	)
Contributions from (distributions to) participants in consolidated investment entities		—			—			(8.5	)		—			(8.5	)
Contribution of capital		374.5			—			—			—			374.5
Net cash provided by (used in) financing activities		183.2			81.7			(1,269.3	)		(543.2	)		(1,547.6	)
Net increase (decrease) in cash and cash equivalents		1.1			0.3			(655.5	)		—			(654.1	)
Cash and cash equivalents, beginning of year		1.9			0.2			1,267.3			—			1,269.4
Cash and cash equivalents, end of year	$	3.0		$	0.5		$	611.8		$	—		$	615.3

Consolidated investment entities

Schedule of Condensed Consolidating Balance Sheets

The following tables reflect the impact of consolidation of investment entities into the Consolidated Balance Sheets as of December 31, 2012 and 2011, and the Consolidated Statements of Operations for the years ended December 31, 2012, 2011 and 2010:

	Before Consolidation(1)		CLOs		VOEs		CLOs Adjustments(2)			VOEs Adjustments(2)			Total
2012
Total investments and cash	$	97,925.5	$	—	$	—	$	(84.1	)	$	(567.0	)	$	97,274.4
Other assets		14,486.8		—		—		—			—			14,486.8
Assets held in consolidated investment entities		—		3,919.9		2,999.4		—			46.3			6,965.6
Assets held in separate accounts		97,667.4		—		—		—			—			97,667.4
Total assets	$	210,079.7	$	3,919.9	$	2,999.4	$	(84.1	)	$	(520.7	)	$	216,394.2
Future policy benefits and contract owner account balances	$	86,055.7	$	—	$	—	$	—		$	—		$	86,055.7
Other liabilities		12,488.1		—		—		—			—			12,488.1
Liabilities held in consolidated investment entities		—		3,913.5		292.4		(84.1	)		—			4,121.8
Liabilities related to separate accounts		97,667.4		—		—		—			—			97,667.4
Total liabilities		196,211.2		3,913.5		292.4		(84.1	)		—			200,333.0
Equity attributable to common shareholders		13,868.5		—		2,707.0		—			(2,707.0	)		13,868.5
Retained earnings appropriated for investors in consolidated investment entities		—		6.4		—		—			—			6.4
Equity attributable to noncontrolling interest in consolidated investment entities		—		—		—		—			2,186.3			2,186.3
Total liabilities and equity	$	210,079.7	$	3,919.9	$	2,999.4	$	(84.1	)	$	(520.7	)	$	216,394.2

⁽¹⁾  The Before Consolidation column includes the Company’s equity interest in the investment products subsequently consolidated, accounted for as equity method and available-for-sale investments.

⁽²⁾  Adjustments include the elimination of intercompany transactions between the Company and its consolidated investment entities, primarily the elimination of the Company’s equity at risk recorded as investments by the Company (before consolidation) against either equity (private equity and real estate partnership funds) or senior and subordinated debt (CLOs) of the funds.

	Before Consolidation(1)		CLOs		VOEs		CLOs Adjustments(2)			VOEs Adjustments(2)			Total
2011
Total investments and cash	$	94,677.6	$	—	$	—	$	(77.6	)	$	(1,142.8	)	$	93,457.2
Other assets		16,225.4		—		—		—			—			16,225.4
Assets held in consolidated investment entities		—		2,261.2		2,914.5		—			—			5,175.7
Assets held in separate accounts		88,714.5		—		—		—			—			88,714.5
Total assets	$	199,617.5	$	2,261.2	$	2,914.5	$	(77.6	)	$	(1,142.8	)	$	203,572.8
Future policy benefits and contract owner account balances	$	88,358.4	$	—	$	—	$	—		$	—		$	88,358.4
Other liabilities		10,317.2		—		—		—			—			10,317.2
Liabilities held in consolidated investment entities		—		2,134.7		199.5		(77.6	)		—			2,256.6
Liabilities related to separate accounts		88,714.5		—		—		—			—			88,714.5
Total liabilities		187,390.1		2,134.7		199.5		(77.6	)		—			189,646.7
Equity attributable to common shareholders		12,227.4		—		2,715.0		—			(2,715.0	)		12,227.4
Retained earnings appropriated for investors in consolidated investment entities		—		126.5		—		—			—			126.5
Equity attributable to noncontrolling interest in consolidated investment entities		—		—		—		—			1,572.2			1,572.2
Total liabilities and equity	$	199,617.5	$	2,261.2	$	2,914.5	$	(77.6	)	$	(1,142.8	)	$	203,572.8

⁽¹⁾  The Before Consolidation column includes the Company’s equity interest in the investment products subsequently consolidated, accounted for as equity method and available-for-sale investments.

⁽²⁾  Adjustments include the elimination of intercompany transactions between the Company and its consolidated investment entities, primarily the elimination of the Company’s equity at risk recorded as investments by the Company (before consolidation) against either equity (private equity and real estate partnership funds) or subordinated debt (CLOs) of the funds.

Schedule of Condensed Consolidating Statement of Operations

	Before Consolidation(1)			CLOs			VOEs		CLOs Adjustments(2)			VOEs Adjustments(2)			Total
2012
Revenues:
Net investment income	$	4,830.0		$	0.5		$	—	$	(20.7	)	$	(111.9	)	$	4,697.9
Fee income		3,565.6			—			—		(14.4	)		(35.8	)		3,515.4
Premiums		1,861.1			—			—		—			—			1,861.1
Net realized capital losses		(1,280.8	)		—			—		—			—			(1,280.8	)
Other income		384.5			—			—		(6.0	)		—			378.5
Income related to consolidated investment entities		—			21.5			415.1		6.6			—			443.2
Total revenues		9,360.4			22.0			415.1		(34.5	)		(147.7	)		9,615.3
Benefits and expenses:
Policyholder benefits and Interest credited and other benefits to contract owners		4,861.6			—			—		—			—			4,861.6
Other expense		4,031.0			—			—		—			—			4,031.0
Operating expenses related to consolidated investment entities		—			142.1			44.9		(34.5	)		(35.8	)		116.7
Total benefits and expenses		8,892.6			142.1			44.9		(34.5	)		(35.8	)		9,009.3
Income (loss) income before income taxes		467.8			(120.1	)		370.2		—			(111.9	)		606.0
Income tax expense (benefit)		(5.2	)		—			—		—			—			(5.2	)
Net income (loss)		473.0			(120.1	)		370.2		—			(111.9	)		611.2
Less: Net income (loss) attributable to noncontrolling interest		—			(120.1	)		—		—			258.3			138.2
Net income (loss) available to ING U.S., Inc.’s common shareholder	$	473.0		$	—		$	370.2	$	—		$	(370.2	)	$	473.0

⁽¹⁾  The Before Consolidation column includes the Company’s equity interest in the investment products accounted for as equity method (private equity and real estate partnership funds) and available-for-sale investments (CLOs). The net income arising from consolidation of CLOs is completely attributable to other investors in these CLOs, as the Company’s share has been eliminated through consolidation.

⁽²⁾  Adjustments include the elimination of intercompany transactions between the Company and its consolidated investment products, primarily the elimination of the Company’s management fees expensed by the funds and recorded as operating revenues (before consolidation) by the Company.

	Before Consolidation(1)			CLOs			VOEs		CLOs Adjustments(2)			VOEs Adjustments(2)			Total
2011
Revenues:
Net investment income	$	5,104.7		$	—		$	—	$	(11.5	)	$	(124.4	)	$	4,968.8
Fee income		3,614.5			—			—		(10.9	)		—			3,603.6
Premiums		1,770.0			—			—		—			—			1,770.0
Net realized capital losses		(1,531.4	)		—			—		—			—			(1,531.4	)
Other income		428.2			—			—		—			—			428.2
Income related to consolidated investment entities		—			41.0			438.6		—			—			479.6
Total revenues		9,386.0			41.0			438.6		(22.4	)		(124.4	)		9,718.8
Benefits and expenses:
Policyholder benefits and Interest credited and other benefits to contract owners		5,742.0			—			—		—			—			5,742.0
Other expense		3,557.1			—			—		—			—			3,557.1
Operating expenses related to consolidated investment entities		—			91.7			72.6		(22.4	)		—			141.9
Total benefits and expenses		9,299.1			91.7			72.6		(22.4	)		—			9,441.0
Income (loss) before income taxes		86.9			(50.7	)		366.0		—			(124.4	)		277.8
Income tax expense (benefit)		175.0			—			—		—			—			175.0
Net income (loss)		(88.1	)		(50.7	)		366.0		—			(124.4	)		102.8
Less: Net income (loss) attributable to noncontrolling interest		—			(50.7	)		—		—			241.6			190.9
Net income (loss) available to ING U.S., Inc.’s common shareholder	$	(88.1	)	$	—		$	366.0	$	—		$	(366.0	)	$	(88.1	)

⁽¹⁾  The Before Consolidation column includes the Company’s equity interest in the investment products accounted for as equity method (private equity and real estate partnership funds) and available-for-sale investments (CLOs). The net income arising from consolidation of CLOs is completely attributable to other investors in these CLOs, as the Company’s share has been eliminated through consolidation.

⁽²⁾  Adjustments include the elimination of intercompany transactions between the Company and its consolidated investment products, primarily the elimination of the Company’s management fees expensed by the funds and recorded as operating revenues (before consolidation) by the Company.

	Before Consolidation(1)			CLOs(2)			VOEs		CLOs Adjustments(3)			VOEs Adjustments(3)			Total
2010
Revenues:
Net investment income	$	5,085.0		$	—		$	—	$	(7.3	)	$	(90.7	)	$	4,987.0
Fee income		3,526.5			—			—		(10.0	)		—			3,516.5
Premiums		1,707.5			—			—		—			—			1,707.5
Net realized capital losses		(1,678.0	)		—			—		—			—			(1,678.0	)
Other income		547.0			—			—		—			—			547.0
Income related to consolidated investment entities		—			(52.1	)		246.3		—			—			194.2
Total revenues		9,188.0			(52.1	)		246.3		(17.3	)		(90.7	)		9,274.2
Benefits and expenses:
Policyholder benefits and Interest credited and other benefits to contract owners		5,027.3			—			—		—			—			5,027.3
Other expense		4,112.6			—			—		—			—			4,112.6
Operating expenses related to consolidated investment entities		—			67.9			45.9		(17.3	)		—			96.5
Total benefits and expenses		9,139.9			67.9			45.9		(17.3	)		—			9,236.4
Income (loss) income before income taxes		48.1			(120.0	)		200.4		—			(90.7	)		37.8
Income tax expense (benefit)		171.0			—			—		—			—			171.0
Net income (loss)		(122.9	)		(120.0	)		200.4		—			(90.7	)		(133.2	)
Less: Net income (loss) attributable to noncontrolling interest		—			(120.0	)		—		—			109.7			(10.3	)
Net income (loss) available to ING U.S., Inc.’s common shareholder	$	(122.9	)	$	—		$	200.4	$	—		$	(200.4	)	$	(122.9	)

⁽¹⁾  The Before Consolidation column includes the Company’s equity interest in the investment products accounted for as equity method (private equity and real estate partnership funds) and available-for-sale investments (CLOs). The net income arising from consolidation of CLOs is completely attributable to other investors in these CLOs, as the Company’s share has been eliminated through consolidation.

⁽²⁾  The Company adopted guidance now encompassed in ASC Topic 810 on January 1, 2010, resulting in the consolidation of certain CLOs. In accordance with the standard, prior periods have not been restated to reflect the consolidation of theses CLOs. Prior to January 1, 2010, the Company was not deemed to be the primary beneficiary of these CLOs.

⁽³⁾  Adjustments include the elimination of intercompany transactions between the Company and its consolidated investment products, primarily the elimination of the Company’s management fees expensed by the funds and recorded as operating revenues (before consolidation) by the Company.