Exhibit 99.2

Quarterly Investor Supplement J u n e 3 0 , 2 0 1 5 This report should be read in conjunction with Voya Financial, Inc.’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2015. Voya Financial’s Annual Reports on Form 10-K, and Quarterly Reports on Form 10-Q, can be accessed upon filing at the Securities and Exchange Commission’s website at www.sec.gov, and at our website at investors.voya.com. All information is unaudited. Results for the prior periods reflect revisions to Voya Financial, Inc.’s financial statements to correct an overstatement of liabilities related to the embedded derivative in certain guaranteed minimum withdrawal with life payouts products in the Closed Block Variable Annuity segment. The correction was not material to the prior period results. For a further description, please refer to Voya Financial, Inc.’s Quarterly Report on Form 10-Q for the three months ended June 30, 2015, which will be filed on or before August 10, 2015. The revisions are identified on page 48 of this document and all numbers, including related income tax expenses (benefits) have been updated throughout the document. voya financial

Voya Financial

Page 2 of 70

Table of Contents

Page

Consolidated

Explanatory Note on Non-GAAP Financial Information 3-4

Organizational Chart 5

Key Metrics 6

Adjusted Operating Return on Capital and Return on Equity 7

Adjusted Operating Earnings Before Interest, After Income Taxes 8

Operating Revenues and Operating Earnings by Segment 9

Adjusted Operating Earnings by Segment 10

Consolidated Balance Sheets 11

Consolidated Statements of Operations 12

Ongoing Business Sources of Operating Earnings 13

Consolidated Earnings Before Income Taxes 14

Operating Earnings by Segment 15-16

DAC/VOBA Segment Trends 17

Consolidated Capital Structure 18

Consolidated Assets Under Management/Assets Under Administration 19

Retirement

Sources of Operating Earnings 21

Operating Earnings 22

Assets Under Management/Assets Under Administration 23

Assets Under Management Rollforward 24

Annuities

Sources of Operating Earnings 26

Operating Earnings 27

Assets Under Management 28

Assets Under Management Rollforward 29

Investment Management

Sources of Operating Earnings 31

Operating Earnings 32

Key Metrics 33

Account Value Rollforward by Source 34

Account Value by Asset Type 35

Page

Individual Life

Sources of Operating Earnings 37

Operating Earnings 38

Key Metrics 39

Employee Benefits

Sources of Operating Earnings 41

Operating Earnings 42

Key Metrics 43

Corporate

Operating Earnings 45

Closed Blocks

ISP and Other Operating Earnings 47

Closed Block Variable Annuity Income (Loss) Before Income Taxes 48

Closed Block Variable Annuity Death and Living Benefits 49

Assets Under Management Rollforward 50

Investment Information

Portfolio Composition 52

Portfolio Results 53

Alternative Investment Income 54

Unrealized Gains (Losses) 55

Asset Backed Securities 56

RMBS Securities Summary 57

CMBS and Other Asset-Backed Securities Summary 58

Mortgage Loans on Real Estate 59

US and Foreign Corporate Securities 60

Exposure to European Debt - Fixed Maturities and Equity Securities 61

Additional Information

Adjustments to Operating Earnings by Segment 63

Calculation and Reconciliation of ROE and ROC 64

Operating Revenues by Segment 65

Ongoing Business Sources of Earnings Reconciliation 66-68

Fixed Maturity Securities - Businesses Exited Through Reinsurance 69

Financial Ratings 70

Voya Financial Page 3 of 70

Explanatory Note on Non-GAAP Financial Information

Operating earnings before income taxes is a financial measure we use to evaluate segment performance. Operating earnings before income taxes is a non-GAAP financial measure and does not replace Net income (loss) as the U.S.

GAAP measure of our results of operations. Each segment’s Operating earnings before income taxes is calculated by adjusting Income (loss) before income taxes for the following items:

Net investment gains (losses), net of related amortization of deferred policy acquisition costs (“DAC”), value of business acquired (“VOBA”), sales inducements and unearned revenue. Net investment gains (losses) include gains (losses) on the sale of securities, impairments, changes in the fair value of investments using the fair value option (“FVO”) unrelated to the implied loan-backed security income recognition for certain mortgage-backed obligations and changes in the fair value of derivative instruments, excluding realized gains (losses) associated with swap settlements and accrued interest;

Net guaranteed benefit hedging gains (losses), which include changes in the fair value of derivatives related to guaranteed benefits, net of related reserve increases (decreases) and net of related amortization of DAC, VOBA and sales inducements, less the estimated cost of these benefits. The estimated cost, which is reflected in operating results, reflects the expected cost of these benefits if markets perform in line with our long-term expectations and includes the cost of hedging. Other derivative and reserve changes related to guaranteed benefits are excluded from operating results, including the impacts related to changes in our nonperformance spread;

Income (loss) related to businesses exited through reinsurance or divestment;

Income (loss) attributable to noncontrolling interest;

Income (loss) related to early extinguishment of debt;

Impairment of goodwill, value of management contract rights and value of customer relationships acquired;

Immediate recognition of net actuarial gains (losses) related to our pension and other postretirement benefit obligations and gains (losses) from plan amendments and curtailments; and

Other items, including restructuring expenses (severance, lease write-offs, etc.), certain third-party expenses and deal incentives related to the divestment of the Company by ING Group, and expenses associated with the rebranding of Voya Financial, Inc. from ING U.S., Inc.

Adjusted operating earnings is also a non-GAAP financial measure. This measure excludes from Operating earnings before income taxes the following items:

DAC/VOBA and other intangibles unlocking;

The net gains and losses included in operating earnings from a distribution of cash and securities in conjunction with a Lehman Brothers bankruptcy settlement and the losses as a result of the decision to dispose of certain Low Income Housing Tax Credit partnerships (“LIHTC”) as a means of exiting this asset class;

A gain related to the amendment or recapture of certain reinsurance agreements; and

Interest expense related to debt in our Corporate segment.

We report Ongoing Business adjusted operating ROE and adjusted operating ROC because we believe these measures are useful indicators of how effectively we use capital resources allocated to our Ongoing Businesess. The most directly comparable U.S. GAAP measure to Ongoing Business adjusted operating ROE and adjusted operating ROC is return on equity. For a reconciliation of these non-GAAP measures to return on equity, see the “Calculation and Reconciliation of ROE and ROC” page in this document

In addition to book value per share including accumulated other comprehensive income (AOCI), we also report book value per share excluding AOCI and shareholders’ equity excluding AOCI. Included in AOCI are investment portfolio unrealized gains or losses. In the ordinary course of business we do not plan to sell most investments for the sole purpose of realizing gains or losses, and book value per share excluding AOCI and shareholders’ equity excluding AOCI provide a measure consistent with that view.

Voya Financial Page 4 of 70

Explanatory Note on Non-GAAP Financial Information

Our Closed Block Variable Annuity (“CBVA”) segment is managed to focus on protecting regulatory and rating agency capital rather than achieving operating metrics and, therefore, we exclude its results of operations from Operating earnings before income taxes. When we present the adjustments to Net Income (loss) before income taxes on a consolidated basis, each adjustment excludes the relative portions attributable to our CBVA segment.

The most directly comparable U.S. GAAP measure to Operating earnings before income taxes is Net income (loss) before income taxes. For a reconciliation of Operating earnings before Net income taxes to income (loss) before income taxes, refer to the “Consolidated Earnings Before Income Taxes” page in this document. In addition, please refer to “Adjusted Operating Earnings by Segment” for reconciliation from Total Operating earnings before income taxes to Total adjusted operating earnings before income taxes.

Operating revenues is a measure of our segment revenues and a non-GAAP financial measure. Each segment’s Operating revenues are calculated by adjusting Total revenues for the following items:

Net realized investment gains (losses) and related charges and adjustments, which include gains (losses) on the sale of securities, impairments, changes in the fair value of investments using the FVO unrelated to the implied loan-backed security income recognition for certain mortgage-backed obligations and changes in the fair value of derivative instruments, excluding realized gains (losses) associated with swap settlements and accrued interest. These items are net of related amortization of unearned revenue;

Gain (loss) on change in fair value of derivatives related to guaranteed benefits, which include changes in the fair value of derivatives related to guaranteed benefits, less the estimated cost of these benefits. The estimated cost, which is reflected in operating results, reflects the expected cost of these benefits if markets perform in line with our long-term expectations and includes the cost of hedging. Other derivative and reserve changes related to guaranteed benefits are excluded from operating revenues, including the impacts related to changes in our nonperformance spread;

Revenues related to businesses exited through reinsurance or divestment;

Revenues attributable to noncontrolling interest; and

Other adjustments to operating revenues primarily reflect fee income earned by our broker dealers for sales of non-proprietary products, which are reflected net of commission expense in our segments’ operating revenues, as well as other items where the income is passed on to third parties.

Operating revenues also excludes the revenues of our CBVA segment, since this segment is managed to focus on protecting regulatory and rating agency capital rather than generating operating earnings. When we present the adjustments to Total revenues on a consolidated basis, each adjustment excludes the relative portions attributable to our CBVA segment.

The most directly comparable U.S. GAAP measure to Operating revenues is Total revenues. For a reconciliation of Operating revenues to Total revenues, please refer to the “Operating Revenues and Operating Earnings by Segment” page in this document.

We analyze our ongoing businesses performance based on the sources of earnings. We believe this supplemental information is useful in order to gain a better understanding of our Operating earnings (loss) before income taxes for the following reasons: (1) we analyze our business using this information and (2) this presentation can be helpful for investors to understand the main drivers of Operating earnings (loss) before income taxes of our ongoing businesses. The sources of earnings are defined as such:

Investment spread and other investment income consists of net investment income and net realized investment gains (losses) associated with swap settlements and accrued interest, less interest credited to policyholder reserves.

Fee based margin consists primarily of fees earned on assets under management (“AUM”), assets under administration (“AUA”), and transaction based recordkeeping fees.

Net underwriting gain (loss) and other revenue contains the following: the difference between fees charged for insurance risks and incurred benefits, including mortality, morbidity, and surrender results, contractual charges for universal life and annuity contracts, the change in the unearned revenue reserve for universal life contracts, and that portion of traditional life insurance premiums intended to cover expenses and profits. Certain contract charges for universal life insurance are not recognized in income immediately, but are deferred as unearned revenues and are amortized into income in a manner similar to the amortization of DAC.

Administrative expenses are general expenses, net of amounts capitalized as acquisition expenses and exclude commission expenses and fees on letters of credit.

Trail commissions are commissions paid that are not deferred and thus recorded directly to expense.

For a detail explanation of DAC/VOBA and other intangibles amortization/unlocking see “Unlocking of DAC/VOBA and other Contract Owner/Policyholder Intangibles” in our SEC filings.

For a reconciliation of the sources of earnings presentation to the line items within Operating revenues and Operating benefits and expenses, please refer to the ‘Ongoing Business Sources of Earnings’ pages in this document.

Financial information, unless otherwise noted, is rounded to millions, therefore may not sum to its corresponding total.

Voya Financial Page 5 of 70

Organizational Chart

Ongoing Business

Retirement and Investment Solutions Insurance Solutions Closed Blocks Corporate

Retirement Full service plans Recordkeeping services Stable value plans IRAs Brokerage accounts

Investment Management Retirement, Retail, Institutional Funds Fixed Income Equity Multi-asset strategies and solutions Senior bank loans Alternatives

Annuities Fixed indexed annuities Annuity and custodial products

Individual Life Term life Universal life Indexed universal life Variable universal life

Employee Benefits Stop loss Group life Voluntary benefits Group disability

Variable Annuity

Institutional Spread Products Other

Voya Financial Page 6 of 70 Key Metrics

Three Months Ended Year-to-Date

6/30/15 3/31/15 12/31/14 9/30/14 6/30/14 6/30/15 6/30/14

(in millions USD, unless otherwise indicated)

Adjusted operating earnings before income taxes - Ongoing Business 318.8 319.3 392.8 352.0 345.8 638.1 633.1 Operating earnings before income taxes - Ongoing Business 311.8 324.0 421.8 330.9 356.1 635.8 623.6 Operating earnings before income taxes - Total Consolidated 262.5 289.6 376.9 294.3 328.3 552.1 559.4

Net income (loss) 367.1 215.7 1,319.8 522.4 414.9 582.8 690.5

Net income (loss) attributable to noncontrolling interest 81.9 26.1 (59.0) 116.6 166.6 108.0 180.1

Net income (loss) available to Voya Financial, Inc.’s common shareholders 285.2 189.6 1,378.8 405.8 248.3 474.8 510.4

Total Voya Financial, Inc. Shareholders’ Equity - Excluding AOCI 12,746.6 12,613.2 13,042.5 11,818.9 11,714.4 12,746.6 11,714.4

Return on Equity

Ongoing Business adjusted operating return on equity - TTM (1) (2) 12.6% 12.6% 12.1% 11.2% 10.7% 12.6% 10.7% Ongoing Business adjusted operating return on equity - Annualized (2) 11.8% 11.9% 14.4% 12.3% 12.0% 11.8% 10.9%

Debt to Capital (Excluding AOCI) 21.5% 21.8% 21.2% 22.9% 23.1% 21.5% 23.1%

Per Share

Total Consolidated Operating earnings per share (Diluted) 0.78 0.82 0.99 0.75 0.83 1.60 1.40 Net income (loss) available to Voya Financial, Inc.’s common shareholders per common share: Basic 1.25 0.80 5.65 1.61 0.98 2.03 1.98 Diluted 1.24 0.79 5.60 1.59 0.97 2.02 1.96 Book value per share (Excluding AOCI) 56.33 55.08 53.92 47.97 46.01 56.33 46.01

Shares

Weighted-average common shares outstanding (in millions)

Basic 228.3 238.5 244.2 252.6 254.5 233.4 257.8 Diluted 229.8 240.7 246.4 254.4 256.2 235.3 259.8 Ending shares outstanding (in millions) 226.3 229.0 241.9 246.4 254.6 226.3 254.6

Returned to Shareholders ($)

Shares repurchased 128.0 630.9 180.7 320.0 30.5 758.9 630.9 Common dividends 2.3 2.4 2.4 2.5 2.6 4.7 2.4

Total 130.3 633.3 183.1 322.5 33.1 763.6 633.3

(1) Trailing twelve months calculation, which uses an assumed effective tax rate of 32%

effective with the three months ended March 31, 2015 and 35% for all other prior periods.

(2) Assumes debt-to-capital ratio of 25%, and the actual weighted average pre-tax interest

rate for all periods presented.

Voya Financial Page 7 of 70 Adjusted Operating Return on Capital and Return on Equity

Twelve Months Ended June 30, 2015

Retirement Annuities Investment Individual Life Employee Ongoing Closed Block Corporate and Other Consolidated Management Benefits Business Variable Annuity Closed Blocks

(in millions USD, unless otherwise indicated) (5) DTA (4) (5) Other

Ending Capital (1) 3,989 1,713 350 2,402 387 8,841 2,650 2,277 2,465 16,233 Average Capital (3) 3,923 1,680 314 2,594 370 8,881 2,943 1,395 2,674 15,893 Adjusted operating earnings before interest and after income taxes 362.8 160.4 132.5 145.9 116.5 918.1 - 18.0 936.1

Adjusted Operating Return on Capital 9.3% 9.5% 42.3% 5.6% 31.5% 10.3% - N/M 5.9% Adjusted Operating Return on Equity (2) 12.6%

Twelve Months Ended December 31, 2014

Retirement Annuities Investment Individual Life Employee Ongoing Closed Block Corporate and Other Consolidated Management Benefits Business Variable Annuity Closed Blocks

(in millions USD, unless otherwise indicated) (5) DTA (4) (5) Other

Ending Capital (1) 3,929 1,660 306 2,513 369 8,777 2,582 2,262 2,937 16,558 Average Capital (3) 3,891 1,694 310 2,781 352 9,028 3,233 283 2,740 15,284 Adjusted operating earnings before interest and after income taxes 356.1 153.1 136.7 147.9 101.9 895.7 - 24.9 920.6

Adjusted Operating Return on Capital 9.2% 9.0% 44.2% 5.3% 28.9% 9.9% - N/M 6.0% Adjusted Operating Return on Equity (2) 12.1%

(1) Capital is allocated to each of our segments in proportion to each segment’s target statutory capital, plus an allocation of the differences between statutory capital and total Voya Financial, Inc. shareholders’ equity on a GAAP basis (excluding AOCI), based on each segment’s portion of these differences. Statutory surplus in excess of target statutory capital and certain corporate assets and liabilities, such as certain deferred tax assets and liabilities for unfunded pension plans, are allocated to the Corporate segment.

(2)Assumes debt-to-capital ratio of 25%, and the actual weighted average pre-tax interest rate for all periods presented. (3) Includes capital impacts related to the Term Life Coinsurance Agreement in our Individual Life segment effective 10/1/2014.

(4) Deferred Tax Asset (DTA) related to Federal Net Operating Loss Carry Forwards (“Federal NOLs”), Life Subgroup Deferred Losses related to Closed Block VA Hedge Losses, and Non-Life Subgroup Deferred Losses related to tax-based goodwill, net of $783

million tax valuation allowance related to Federal NOLs

(5) Reflects reallocation of approximately $750 million of capital from Closed Block VA to Corporate and Other Closed Blocks during the fourth quarter of 2014 related to Deferred Tax Assets on Closed Block VA Hedge Losses that were not previously offset by a tax valuation allowance. Effective 12/31/2014, all deferred tax assets related to Closed Block VA Hedge Losses (including those previously offset by a tax valuation allowance) along with deferred tax assets related to Federal NOLs, and Non-Life Subgroup Deferred Losses, net of remaining tax valuation allowances related to Federal NOLs will be reflected in the capital allocated to Corporate and Other Closed Blocks

Voya Financial Page 8 of 70

Adjusted Operating Earnings Before Interest, After Income Taxes

(in millions USD, unless otherwise indicated)

Operating earnings before income taxes Less: Interest expense DAC/VOBA and other intangibles unlocking Gain on reinsurance recapture (3)

Adjusted operating earnings before interest

Income tax expense (2)

Adjusted operating earnings before interest and after income taxes

Twelve Months Ended June 30, 2015

Retirement Annuities Investment Individual Life Employee Benefits Ongoing Business Closed Block Corporate and Other Consolidated

Management Variable Annuity Closed Blocks

520.0 272.6 199.5 223.9 172.5 1,388.5 - (165.2) 1,223.3

- - - - - - - (192.2) (192.2)

(26.5) 31.2 - (16.1) (3.0) (14.4) - - (14.4)

- - - 20.0 - 20.0 - - 20.0

546.5 241.4 199.5 220.0 175.5 1,382.9 - 27.0 1,409.9

183.7 81.0 67.0 74.1 59.0 464.8 - 9.0 473.8

362.8 160.4 132.5 145.9 116.5 918.1 - 18.0 936.1

Twelve Months Ended December 31, 2014

Retirement Annuities Investment Individual Life Employee Benefits Ongoing Business Closed Block Corporate and Other Consolidated

Management Variable Annuity Closed Blocks

(in millions USD, unless otherwise indicated)

Operating earnings before income taxes 517.8 262.0 210.3 237.3 148.9 1,376.3 - (145.7) 1,230.6

Less:

Interest expense - - - - - - - (188.0) (188.0)

DAC/VOBA and other intangibles unlocking (30.0) 26.4 - (10.2) (7.8) (21.6) - - (21.6)

Gain on reinsurance recapture (3) - - - 20.0 - 20.0 - - 20.0

Net gain from Lehman Recovery (1) - - - - - - - 4.0 4.0

Adjusted operating earnings before interest 547.8 235.6 210.3 227.5 156.7 1,377.9 - 38.3 1,416.2

Income tax expense (2) 191.7 82.5 73.6 79.6 54.8 482.2 - 13.4 495.6

Adjusted operating earnings before interest and

after income taxes 356.1 153.1 136.7 147.9 101.9 895.7 - 24.9 920.6

(1) Includes the net gain included in operating earnings from a distribution of cash and securities in conjunction with a Lehman Brothers bankruptcy settlement.

(2) Beginning with the three months ending March 31, 2015, Income tax expense is based on an assumed effective tax rate of 32%, compared to an assumed effective tax rate of 35% for prior periods.

(3) Includes a gain related to the amendment or recapture of certain reinsurance agreements (“Gain on reinsurance recapture”).

Voya Financial Page 9 of 70 Operating Revenues and Operating Earnings by Segment

(in millions USD) Three Months Ended Year-to-Date

6/30/15 3/31/15 12/31/14 9/30/14 6/30/14 6/30/15 6/30/14 Operating Revenues

Retirement 593.8 600.5 630.3 605.7 592.9 1,194.3 1,191.4

Annuities 310.4 315.6 323.6 344.6 330.8 626.0 685.2 Investment Management 158.6 163.1 163.4 168.3 163.2 321.7 323.7 Individual Life 662.9 668.8 646.6 679.1 699.9 1,331.7 1,392.1 Employee Benefits 376.2 370.9 345.7 345.9 342.5 747.1 681.4

Ongoing Business 2,101.9 2,118.9 2,109.6 2,143.6 2,129.3 4,220.8 4,273.8

Corporate 18.6 20.4 19.5 22.9 23.6 39.0 48.9

Total Closed Blocks 16.0 21.9 27.7 25.4 24.0 37.9 49.6

Total operating revenues 2,136.5 2,161.2 2,156.8 2,191.9 2,176.9 4,297.7 4,372.3

Operating Earnings

Retirement 128.4 124.5 149.9 117.2 135.8 252.9 250.7 Annuities 61.0 68.6 64.7 78.3 64.2 129.6 119.0 Investment Management 47.0 46.9 47.0 58.6 54.9 93.9 104.7 Individual Life 37.7 43.4 103.0 39.8 63.4 81.1 94.5 Employee Benefits 37.7 40.6 57.2 37.0 37.8 78.3 54.7

Ongoing Business 311.8 324.0 421.8 330.9 356.1 635.8 623.6

Corporate (53.3) (48.2) (47.7) (47.1) (38.3) (101.5) (75.6)

Total Closed Blocks 4.0 13.8 2.8 10.5 10.5 17.8 11.4

Total operating earnings before income taxes 262.5 289.6 376.9 294.3 328.3 552.1 559.4

Closed Block Variable Annuity 180.5 (29.4) (317.3) 136.0 (82.1) 151.1 (57.9) Net investment gains (losses) and related charges and adjustments (9.4) 50.4 41.1 43.4 73.0 41.0 130.6 Net guaranteed benefit hedging gains (losses) and related charges and adjustments 24.6 (47.2) (32.3) 33.4 (20.3) (22.6) (13.9) Income (loss) related to businesses exited through reinsurance or divestment (33.3) (15.4) (88.0) (31.9) (26.9) (48.7) (37.4) Income (loss) attributable to noncontrolling interests 81.9 26.1 (59.0) 116.6 166.6 108.0 180.1 Income (loss) on early extinguishment of debt (9.9) - - - - (9.9) -Immediate recognition of net actuarial gains (losses) related to pension and other postretirement benefit obligations and gains (losses) from plan amendments and curtailments - - (372.7) - - - -Other adjustments to operating earnings* (10.7) (12.8) (34.6) (32.0) (17.6) (23.5) (33.6)

Total non-operating 223.7 (28.3) (862.8) 265.5 92.7 195.4 167.9

Income (loss) before income taxes 486.2 261.3 (485.9) 559.8 421.0 747.5 727.3

Less: Income tax expense (benefit) 119.1 45.6 (1,805.7) 37.4 6.1 164.7 36.8

Net income (loss) 367.1 215.7 1,319.8 522.4 414.9 582.8 690.5

Net income (loss) attributable to noncontrolling interest 81.9 26.1 (59.0) 116.6 166.6 108.0 180.1

Net income (loss) available to Voya Financial, Inc.’s common shareholders 285.2 189.6 1,378.8 405.8 248.3 474.8 510.4

* Other adjustments to operating earnings above includes:

Restructuring expenses (severance, lease write-offs, etc.), certain third-party expenses and deal incentives related to the divestment of the Company by ING Group, and expenses associated with the rebranding of Voya Financial, Inc. from ING U.S., Inc.

Voya Financial Page 10 of 70

Adjusted Operating Earnings by Segment

(in millions USD) Three Months Ended Year-to-Date

6/30/15 3/31/15 12/31/14 9/30/14 6/30/14 6/30/15 6/30/14

Operating Earnings

Retirement 128.4 124.5 149.9 117.2 135.8 252.9 250.7

Annuities 61.0 68.6 64.7 78.3 64.2 129.6 119.0

Investment Management 47.0 46.9 47.0 58.6 54.9 93.9 104.7

Individual Life 37.7 43.4 103.0 39.8 63.4 81.1 94.5

Employee Benefits 37.7 40.6 57.2 37.0 37.8 78.3 54.7

Ongoing Business 311.8 324.0 421.8 330.9 356.1 635.8 623.6

Corporate (53.3) (48.2) (47.7) (47.1) (38.3) (101.5) (75.6)

Total Closed Blocks 4.0 13.8 2.8 10.5 10.5 17.8 11.4

Total operating earnings before income taxes 262.5 289.6 376.9 294.3 328.3 552.1 559.4

Adjustments to operating earnings

Retirement 3.5 (4.2) 4.6 (30.4) 7.1 (0.7) (4.2)

Annuities 5.0 9.5 (1.1) 17.8 6.5 14.5 9.7

Investment Management - - - - - - -

Individual Life (14.6) 0.1 25.5 (7.1) (1.5) (14.5) (8.6)

Employee Benefits (0.9) (0.7) - (1.4) (1.8) (1.6) (6.4)

Ongoing Business (7.0) 4.7 29.0 (21.1) 10.3 (2.3) (9.5)

Corporate (49.9) (48.0) (47.4) (46.8) (41.0) (97.9) (89.7)

Total Closed Blocks - - - - - - -

Total adjustments to operating earnings (56.9) (43.3) (18.4) (67.9) (30.7) (100.2) (99.2)

Adjusted Operating Earnings

Retirement 124.9 128.7 145.3 147.6 128.7 253.6 254.9

Annuities 56.0 59.1 65.8 60.5 57.7 115.1 109.3

Investment Management 47.0 46.9 47.0 58.6 54.9 93.9 104.7

Individual Life 52.3 43.3 77.5 46.9 64.9 95.6 103.1

Employee Benefits 38.6 41.3 57.2 38.4 39.6 79.9 61.1

Ongoing Business 318.8 319.3 392.8 352.0 345.8 638.1 633.1

Corporate (3.4) (0.2) (0.3) (0.3) 2.7 (3.6) 14.1

Total Closed Blocks 4.0 13.8 2.8 10.5 10.5 17.8 11.4

Total adjusted operating earnings before interest and income taxes 319.4 332.9 395.3 362.2 359.0 652.3 658.6

Voya Financial Page 11 of 70 Consolidated Balance Sheets

Balances as of

(in millions USD) 6/30/15 3/31/15 12/31/14 9/30/14 6/30/14

Assets

Total investments 88,446.4 93,069.6 90,833.8 89,824.4 89,821.3 Cash and cash equivalents 2,495.5 1,875.4 2,530.9 1,908.5 3,142.0 Assets held in separate accounts 106,330.5 107,039.4 106,007.8 107,059.3 110,648.2 Reinsurance recoverable 7,269.1 7,048.8 7,116.9 6,752.5 6,637.1 Short term investments under securities loan agreement and accrued investment income 1,585.7 1,920.9 1,718.7 1,520.7 1,509.7 Deferred policy acquisition costs, Value of business acquired 5,089.9 4,244.3 4,570.9 4,779.9 4,511.2 Goodwill and other intangible assets 266.0 276.3 284.4 296.1 303.2 Other assets (1) 3,037.7 2,257.2 2,544.1 1,319.7 1,384.7 Assets related to consolidated investment entities 12,064.3 11,294.7 11,323.2 10,842.7 10,120.6

Total Assets 226,585.1 229,026.6 226,930.7 224,303.8 228,078.0

Liabilities

Future policy benefits and contract owner account balances 85,593.2 85,666.2 84,951.7 84,085.1 84,375.5 Liabilities related to separate accounts 106,330.5 107,039.4 106,007.8 107,059.3 110,648.2 Funds held under reinsurance agreements 1,027.4 1,162.2 1,159.6 1,136.7 1,167.6 Payables under securities loan agreements, including collateral held 1,251.4 1,971.9 1,445.0 927.1 904.9 Long-term debt 3,486.0 3,516.0 3,515.7 3,515.5 3,515.2 Other liabilities (2) 2,678.1 2,967.9 3,093.5 2,874.2 3,217.4 Liabilities related to consolidated investment entities 8,669.6 7,993.9 8,195.9 7,507.7 6,936.9

Total Liabilities 209,036.2 210,317.5 208,369.2 207,105.6 210,765.7

Shareholders’ Equity

Common stock 2.7 2.7 2.6 2.6 2.6 Treasury stock (1,570.5) (1,440.7) (807.0) (624.2) (304.2) Additional paid-in capital 23,674.1 23,654.2 23,650.1 23,621.5 23,599.9 Retained earnings (deficit) (9,359.7) (9,603.0) (9,803.2) (11,181.0) (11,583.9)

Total Voya Financial, Inc. Shareholders’ Equity - Excluding AOCI 12,746.6 12,613.2 13,042.5 11,818.9 11,714.4

Accumulated other comprehensive income 2,109.2 3,531.2 3,103.7 2,820.2 3,152.7

Total Voya Financial, Inc. Shareholders’ Equity 14,855.8 16,144.4 16,146.2 14,639.1 14,867.1

Noncontrolling interest 2,693.1 2,564.7 2,415.3 2,559.1 2,445.2

Total Shareholders’ Equity 17,548.9 18,709.1 18,561.5 17,198.2 17,312.3 Total Liabilities and Shareholders’ Equity 226,585.1 229,026.6 226,930.7 224,303.8 228,078.0

(1) Includes Other assets, Sales inducements to contract holders, and Current/Deferred income taxes (2) Includes Other liabilities, Derivatives, Pension and other postretirement provisions, and Current/Deferred income taxes

Voya Financial Page 12 of 70 Consolidated Statements of Operations

Three Months Ended Year-to-Date

(in millions USD) 6/30/15 3/31/15 12/31/14 9/30/14 6/30/14 6/30/15 6/30/14

Revenues

Net investment income 1,134.0 1,174.6 1,184.7 1,163.6 1,120.9 2,308.6 2,266.5 Fee income 872.4 899.8 894.5 908.9 897.3 1,772.2 1,829.1 Premiums 667.2 608.8 801.0 595.1 629.4 1,276.0 1,230.3 Net realized capital gains (losses) (0.3) (259.5) (513.3) 186.0 (364.5) (259.8) (551.1) Income (loss) related to consolidated investment entities 214.7 104.6 32.9 241.5 306.7 319.3 384.4 Other revenues 105.9 102.7 116.0 101.0 110.3 208.6 215.8

Total revenues 2,993.9 2,631.0 2,515.8 3,196.1 2,700.1 5,624.9 5,375.0

Benefits and expenses

Interest credited and other benefits to contract owners/policyholders (1,449.0) (1,371.7) (1,541.7) (1,732.9) (1,305.2) (2,820.7) (2,663.3) Operating expenses (771.0) (768.8) (1,246.6) (767.3) (758.3) (1,539.8) (1,547.8) Net amortization of DAC/VOBA (153.1) (118.1) (106.9) (30.6) (115.7) (271.2) (241.8) Interest expense (56.6) (47.4) (47.4) (47.2) (47.5) (104.0) (95.1) Operating expenses related to consolidated investment entities (78.0) (63.7) (59.1) (58.3) (52.4) (141.7) (99.7)

Total benefits and expenses (2,507.7) (2,369.7) (3,001.7) (2,636.3) (2,279.1) (4,877.4) (4,647.7)

Income (loss) before income taxes 486.2 261.3 (485.9) 559.8 421.0 747.5 727.3

Voya Financial Page 13 of 70

Ongoing Business Sources of Operating Earnings

Three Months Ended Year-to-Date

(in millions USD) 6/30/15 3/31/15 12/31/14 9/30/14 6/30/14 6/30/15 6/30/14

Sources of operating earnings before income taxes:

Investment spread and other investment income 372.6 388.6 386.9 394.2 361.9 761.2 723.8

Fee based margin 383.1 382.0 403.5 389.8 385.3 765.1 766.5

Net underwriting gain (loss) and other revenue 197.1 191.1 251.0 181.5 219.4 388.2 392.9

Administrative expenses (425.4) (429.5) (418.0) (404.1) (417.9) (854.9) (854.3)

Trail commissions (81.2) (79.6) (69.0) (73.9) (71.1) (160.8) (144.8)

DAC/VOBA and other intangibles amortization,

excluding unlocking (127.4) (133.3) (141.6) (135.5) (131.8) (260.7) (251.1)

DAC/VOBA and other intangibles unlocking (7.0) 4.7 9.0 (21.1) 10.3 (2.3) (9.5)

Operating earnings before income taxes 311.8 324.0 421.8 330.9 356.1 635.8 623.6

Voya Financial Page 14 of 70 Consolidated Earnings Before Income Taxes

Three Months Ended Year-to-Date

(in millions USD) 6/30/15 3/31/15 12/31/14 9/30/14 6/30/14 6/30/15 6/30/14

Operating revenues

Net investment income and net realized gains (losses) 931.8 951.6 967.9 987.4 952.6 1,883.4 1,914.0 Fee income 655.0 660.6 646.7 651.2 654.4 1,315.6 1,303.7 Premiums 516.9 518.2 496.6 517.4 534.9 1,035.1 1,084.2 Other revenue 32.8 30.8 45.6 35.9 35.0 63.6 70.4

Total operating revenues 2,136.5 2,161.2 2,156.8 2,191.9 2,176.9 4,297.7 4,372.3

Operating benefits and expenses

Interest credited and other benefits to contract owners/policyholders (1,155.9) (1,141.8) (1,109.9) (1,289.9) (1,154.2) (2,297.7) (2,382.8) Operating expenses (556.9) (561.3) (535.2) (532.9) (534.0) (1,118.2) (1,094.7) Net amortization of DAC/VOBA (112.7) (120.7) (87.0) (28.1) (113.3) (233.4) (241.3) Interest expense (48.5) (47.8) (47.8) (46.7) (47.1) (96.3) (94.1)

Total operating benefits and expenses (1,874.0) (1,871.6) (1,779.9) (1,897.6) (1,848.6) (3,745.6) (3,812.9)

Operating earnings before income taxes 262.5 289.6 376.9 294.3 328.3 552.1 559.4

Adjustments:

Closed Block Variable Annuity 180.5 (29.4) (317.3) 136.0 (82.1) 151.1 (57.9) Net investment gains (losses) and related charges and adjustments (9.4) 50.4 41.1 43.4 73.0 41.0 130.6 Net guaranteed benefit hedging gains (losses) and related charges and adjustments 24.6 (47.2) (32.3) 33.4 (20.3) (22.6) (13.9) Income (loss) related to businesses exited through reinsurance or divestment (33.3) (15.4) (88.0) (31.9) (26.9) (48.7) (37.4) Income (loss) attributable to noncontrolling interests 81.9 26.1 (59.0) 116.6 166.6 108.0 180.1 Income (loss) on early extinguishment of debt (9.9) - - - - (9.9) -Immediate recognition of net actuarial gains (losses) related to pension and other postretirement benefit obligations and gains (losses) from plan amendments and curtailments - - (372.7) - - - -Other adjustments to operating earnings* (10.7) (12.8) (34.6) (32.0) (17.6) (23.5) (33.6)

Total non-operating 223.7 (28.3) (862.8) 265.5 92.7 195.4 167.9

Income (loss) before income taxes 486.2 261.3 (485.9) 559.8 421.0 747.5 727.3

* Other adjustments to operating earnings above includes:

Restructuring expenses (severance, lease write-offs, etc.), certain third-party expenses and deal incentives related to the divestment of the Company by ING Group, and expenses associated with the rebranding of Voya Financial, Inc. from ING U.S., Inc.

Voya Financial Page 15 of 70

Operating Earnings by Segment

(in millions USD) Three Months Ended June 30, 2015

Retirement Annuities Investment Individual Life Employee Benefits Ongoing Business Corporate Closed Blocks Consolidated

Operating revenues Management

Net investment income and net realized gains (losses) 382.1 263.2 3.4 220.8 28.0 897.5 18.0 16.3 931.8

Fee income 188.9 16.0 147.6 287.0 15.5 655.0 - - 655.0

Premiums 3.7 27.3 - 151.4 334.4 516.8 - 0.1 516.9

Other revenue 19.1 3.9 7.6 3.7 (1.7) 32.6 0.6 (0.4) 32.8

Total operating revenues 593.8 310.4 158.6 662.9 376.2 2,101.9 18.6 16.0 2,136.5

Operating benefits and expenses

Interest credited and other benefits to contract owners/policyholders (214.2) (177.3) - (495.8) (260.1) (1,147.4) -(8.5) (1,155.9)

Operating expenses (221.3) (38.4) (111.6) (85.4) (73.3) (530.0) (23.4) (3.5) (556.9)

Net amortization of DAC/VOBA (29.9) (33.7) - (44.0) (5.1) (112.7) - - (112.7)

Interest expense - - - - - - (48.5) - (48.5)

Total operating benefits and expenses (465.4) (249.4) (111.6) (625.2) (338.5) (1,790.1) (71.9) (12.0) (1,874.0)

Operating earnings before income taxes 128.4 61.0 47.0 37.7 37.7 311.8 (53.3) 4.0 262.5

Three Months Ended June 30, 2014

Retirement Annuities Investment Individual Life Employee Benefits Ongoing Business Corporate Closed Blocks Consolidated

Operating revenues Management

Net investment income and net realized gains (losses) 379.6 275.8 8.0 215.5 27.7 906.6 23.2 22.8 952.6

Fee income 192.9 14.2 147.1 285.5 14.7 654.4 - - 654.4

Premiums 3.4 35.5 - 191.7 302.8 533.4 - 1.5 534.9

Other revenue 17.0 5.3 8.1 7.2 (2.7) 34.9 0.4 (0.3) 35.0

Total operating revenues 592.9 330.8 163.2 699.9 342.5 2,129.3 23.6 24.0 2,176.9

Operating benefits and expenses

Interest credited and other benefits to contract owners/policyholders (209.3) (197.4) -(499.3) (239.6) (1,145.6) 0.3 (8.9) (1,154.2)

Operating expenses (217.3) (36.6) (108.3) (91.3) (60.9) (514.4) (15.1) (4.5) (534.0)

Net amortization of DAC/VOBA (30.5) (32.6) - (45.9) (4.2) (113.2) - (0.1) (113.3)

Interest expense - - - - - - (47.1) - (47.1)

Total operating benefits and expenses (457.1) (266.6) (108.3) (636.5) (304.7) (1,773.2) (61.9) (13.5) (1,848.6)

Operating earnings before income taxes 135.8 64.2 54.9 63.4 37.8 356.1 (38.3) 10.5 328.3

Voya Financial Page 16 of 70

Operating Earnings by Segment

(in millions USD) Six Months Ended June 30, 2015

Retirement Annuities Investment Individual Life Employee Benefits Ongoing Business Corporate Closed Blocks Consolidated

Operating revenues Management

Net investment income and net realized gains (losses) 771.0 530.2 9.5 443.2 54.5 1,808.4 38.2 36.8 1,883.4

Fee income 375.8 31.2 294.5 582.3 31.3 1,315.1 0.5 - 1,315.6

Premiums 14.4 57.1 - 298.0 664.4 1,033.9 (0.1) 1.3 1,035.1

Other revenue 33.1 7.5 17.7 8.2 (3.1) 63.4 0.4 (0.2) 63.6

Total operating revenues 1,194.3 626.0 321.7 1,331.7 747.1 4,220.8 39.0 37.9 4,297.7

Operating benefits and expenses

Interest credited and other benefits to contract owners/policyholders (430.8) (352.7) - (986.4) (515.5) (2,285.4) -(12.3) (2,297.7)

Operating expenses (441.1) (76.0) (227.8) (177.7) (143.6) (1,066.2) (44.2) (7.8) (1,118.2)

Net amortization of DAC/VOBA (69.5) (67.7) - (86.5) (9.7) (233.4) - - (233.4)

Interest expense - - - - - - (96.3) - (96.3)

Total operating benefits and expenses (941.4) (496.4) (227.8) (1,250.6) (668.8) (3,585.0) (140.5) (20.1) (3,745.6)

Operating earnings before income taxes 252.9 129.6 93.9 81.1 78.3 635.8 (101.5) 17.8 552.1

Six Months Ended June 30, 2014

Retirement Annuities Investment Individual Life Employee Benefits Ongoing Business Corporate Closed Blocks Consolidated

Operating revenues Management

Net investment income and net realized gains (losses) 768.1 546.4 15.3 435.3 54.4 1,819.5 48.6 45.9 1,914.0

Fee income 384.0 27.4 292.9 569.1 30.3 1,303.7 - - 1,303.7

Premiums 4.1 101.6 - 375.4 599.1 1,080.2 - 4.0 1,084.2

Other revenue 35.2 9.8 15.5 12.3 (2.4) 70.4 0.3 (0.3) 70.4

Total operating revenues 1,191.4 685.2 323.7 1,392.1 681.4 4,273.8 48.9 49.6 4,372.3

Operating benefits and expenses

Interest credited and other benefits to contract owners/policyholders (420.0) (427.2) -(1,027.1) (484.1) (2,358.4) -(24.4) (2,382.8)

Operating expenses (443.3) (72.1) (219.0) (187.0) (129.3) (1,050.7) (30.4) (13.6) (1,094.7)

Net amortization of DAC/VOBA (77.4) (66.9) - (83.5) (13.3) (241.1) - (0.2) (241.3)

Interest expense - - - - - - (94.1) - (94.1)

Total operating benefits and expenses (940.7) (566.2) (219.0) (1,297.6) (626.7) (3,650.2) (124.5) (38.2) (3,812.9)

Operating earnings before income taxes 250.7 119.0 104.7 94.5 54.7 623.6 (75.6) 11.4 559.4

Voya Financial Page 17 of 70

DAC/VOBA Segment Trends

Three Months Ended Year-to-Date

(in millions USD) 6/30/15 3/31/15 12/31/14 9/30/14 6/30/14 6/30/15 6/30/14

Retirement

Balance as of beginning-of-period 972.6 1,081.0 1,141.9 1,102.9 1,219.1 1,081.0 1,415.3

Deferrals of commissions and expenses 23.9 24.5 26.0 26.0 22.7 48.4 46.3

Amortization (40.8) (39.5) (40.8) (47.6) (52.7) (80.3) (91.9)

Unlocking (1.4) 7.1 13.3 (25.8) 25.7 5.7 30.8

Change in unrealized capital gains/losses 319.9 (100.4) (59.4) 86.4 (111.9) 219.5 (297.6)

Balance as of End-of-Period 1,274.2 972.6 1,081.0 1,141.9 1,102.9 1,274.2 1,102.9

Annuities

Balance as of beginning-of-period 440.4 492.3 507.5 445.2 508.4 492.3 591.7

Deferrals of commissions and expenses 22.1 21.7 24.5 24.4 30.7 43.8 62.2

Amortization (54.1) (30.6) (38.2) (72.1) (28.9) (84.7) (70.2)

Unlocking 11.4 8.0 (1.9) 31.0 6.5 19.4 19.0

Change in unrealized capital gains/losses 165.9 (51.0) 0.4 79.0 (71.5) 114.8 (157.6)

Balance as of End-of-Period 585.7 440.4 492.3 507.5 445.2 585.7 445.2

Individual Life

Balance as of beginning-of-period 2,285.4 2,440.4 2,557.9 2,400.4 2,560.5 2,440.4 2,752.9

Deferrals of commissions and expenses 35.4 36.3 36.2 37.8 36.4 71.7 69.1

Amortization (45.4) (44.5) (56.4) (48.4) (45.1) (89.9) (77.9)

Unlocking (0.9) 0.1 40.1 129.2 (0.9) (0.8) (5.0)

Change in unrealized capital gains/losses 425.6 (146.9) (137.4) 38.9 (150.5) 278.7 (338.7)

Balance as of End-of-Period 2,700.1 2,285.4 2,440.4 2,557.9 2,400.4 2,700.1 2,400.4

Other (1)

Balance as of beginning-of-period 91.5 91.6 90.3 98.9 96.7 91.6 102.7

Deferrals of commissions and expenses 4.8 4.6 5.6 5.3 7.4 9.4 11.6

Amortization (5.4) (4.7) (10.8) (4.8) (4.3) (10.1) (8.0)

Unlocking (0.9) (0.7) 6.9 (9.0) (1.1) (1.6) (7.9)

Change in unrealized capital gains/losses (0.7) 0.7 (0.4) (0.1) 0.2 - 0.5

Balance as of End-of-Period 89.3 91.5 91.6 90.3 98.9 89.3 98.9

Closed Block Variable Annuity

Balance as of beginning-of-period 454.4 465.6 482.3 463.8 476.2 465.6 489.0

Deferrals of commissions and expenses 1.8 2.0 2.0 1.9 2.4 3.8 5.4

Amortization (13.0) (13.5) (13.4) (21.2) (16.5) (26.5) (32.7)

Unlocking (2.6) 0.3 (5.4) 37.8 1.6 (2.3) 2.0

Change in unrealized capital gains/losses - - 0.1 - 0.1 - 0.1

Balance as of End-of-Period 440.6 454.4 465.6 482.3 463.8 440.6 463.8

Total

Balance as of beginning-of-period 4,244.3 4,570.9 4,779.9 4,511.2 4,860.8 4,570.9 5,351.6

Deferrals of commissions and expenses 88.0 89.1 94.3 95.4 99.6 177.1 194.6

Amortization (158.7) (130.7) (159.6) (194.1) (147.5) (289.4) (280.7)

Unlocking 5.6 12.6 53.0 163.2 31.8 18.2 38.9

Change in unrealized capital gains/losses 910.7 (297.6) (196.7) 204.2 (333.5) 613.1 (793.2)

Balance as of End-of-Period 5,089.9 4,244.3 4,570.9 4,779.9 4,511.2 5,089.9 4,511.2

(1) Employee Benefits, Investment Management, Other Closed Blocks

Voya Financial Page 18 of 70 Consolidated Assets Under Management/Assets Under Administration

(in millions USD)

Total

Institutional/ AUM - Assets Under AUA - Assets Under

Balances as of June 30, 2015 General Account Separate Account Mutual Funds Management Administration Total AUM + AUA

Retirement (1) 28,328.7 60,118.4 24,536.4 112,983.5 201,116.9 314,100.4 Annuities (2) 21,715.3 766.1 4,408.1 26,889.5 - 26,889.5 Investment Management 77,795.8 47,863.2 80,339.7 205,998.7 51,391.1 257,389.8 Individual Life (3) 13,032.3 2,696.6 - 15,728.9 - 15,728.9 Employee Benefits 1,798.9 15.7 - 1,814.6 - 1,814.6

Eliminations (69,533.5) (43,796.2) (10,140.7) (123,470.4) (51,501.1) (174,971.5)

Total Ongoing Business 73,137.5 67,663.8 99,143.5 239,944.8 201,006.9 440,951.7

Closed Block Variable Annuity 3,128.7 38,450.7 - 41,579.4 - 41,579.4 Closed Block Institutional Spread Products 1,511.5 - - 1,511.5 - 1,511.5 Closed Block Other 18.1 216.0 - 234.1 - 234.1

Total AUM and AUA 77,795.8 106,330.5 99,143.5 283,269.8 201,006.9 484,276.7

(1) Retirement AUM include wrapped funds as well as unwrapped Voya-managed funds (2) Annuities AUM includes Payout annuities (3) Individual Life AUM includes assets backing interest and non-interest sensitive products

Voya Financial Page 19 of 70 Consolidated Capital Structure

Balances as of

(in millions USD) 6/30/15 3/31/15 12/31/14 9/30/14 6/30/14

Financial Debt

Senior bonds 2,717.4 2,747.3 2,747.0 2,746.8 2,746.5 Subordinated bonds 763.7 763.8 763.8 763.8 763.8 Other debt 4.9 4.9 4.9 4.9 4.9

Total Debt 3,486.0 3,516.0 3,515.7 3,515.5 3,515.2

Equity

Total common equity 12,746.6 12,613.2 13,042.5 11,818.9 11,714.4 Accumulated other comprehensive income (AOCI) 2,109.2 3,531.2 3,103.7 2,820.2 3,152.7

Total Voya Financial, Inc. Shareholders’ Equity 14,855.8 16,144.4 16,146.2 14,639.1 14,867.1

Total Equity (Excluding AOCI) 12,746.6 12,613.2 13,042.5 11,818.9 11,714.4

Capital

Total Capitalization 18,341.8 19,660.4 19,661.9 18,154.6 18,382.3 Total Capitalization (Excluding AOCI) 16,232.6 16,129.2 16,558.2 15,334.4 15,229.6

Debt to Capital

Debt to Capital 19.0% 17.9% 17.9% 19.4% 19.1% Debt to Capital (Excluding AOCI) 21.5% 21.8% 21.2% 22.9% 23.1%

Retirement

Voya Financial Page 21 of 70

Retirement Sources of Operating Earnings

Three Months Ended Year-to-Date

(in millions USD) 6/30/15 3/31/15 12/31/14 9/30/14 6/30/14 6/30/15 6/30/14

Sources of operating earnings before income taxes:

Investment spread and other investment income 171.6 182.9 184.4 185.3 173.8 354.5 352.4

Fee based margin 207.6 205.7 216.6 211.8 211.9 413.3 421.4

Net underwriting gain (loss) and other revenue (2.3) (7.4) (4.6) (3.5) (5.0) (9.7) (8.2)

Administrative expenses (181.2) (180.6) (174.3) (169.5) (178.5) (361.8) (366.5)

Trail commissions (36.3) (35.2) (35.7) (34.9) (34.5) (71.5) (68.2)

DAC/VOBA and other intangibles amortization, excluding

unlocking (34.5) (36.7) (41.1) (41.6) (39.0) (71.2) (76.0)

DAC/VOBA and other intangibles unlocking 3.5 (4.2) 4.6 (30.4) 7.1 (0.7) (4.2)

Total sources of expenses (248.5) (256.7) (246.5) (276.4) (244.9) (505.2) (514.9)

Operating earnings before income taxes 128.4 124.5 149.9 117.2 135.8 252.9 250.7

Gross investment income

Fixed income 357.6 358.1 354.7 353.4 351.0 715.7 714.7

Limited partnership income 0.5 0.3 0.7 3.5 2.6 0.8 5.6

Prepayment fee income 4.7 14.8 19.5 13.8 8.4 19.5 12.7

Total gross investment income 362.8 373.2 374.9 370.7 362.0 736.0 733.0

Investment expenses (14.7) (14.8) (14.8) (15.0) (14.7) (29.5) (29.8)

Credited interest (205.4) (200.7) (203.9) (202.7) (200.3) (406.1) (404.6)

Net margin 142.7 157.7 156.2 153.0 147.0 300.4 298.6

Other investment income (1) 28.9 25.2 28.2 32.3 26.8 54.1 53.8

Investment spread and other investment income 171.6 182.9 184.4 185.3 173.8 354.5 352.4

Fee based margin

Fee based margin - excluding Recordkeeping 164.1 159.6 163.2 161.2 158.3 323.7 313.7

Fee based margin - Recordkeeping 43.5 46.2 53.5 50.7 53.5 89.7 107.6

Fee based margin 207.6 205.7 216.6 211.8 211.9 413.3 421.4

(1) Includes investment income on assets backing surplus that has been allocated from the corporate segment and income from policy loans.

Voya Financial Page 22 of 70

Retirement Operating Earnings

Three Months Ended Year-to-Date

(in millions USD) 6/30/15 3/31/15 12/31/14 9/30/14 6/30/14 6/30/15 6/30/14

Operating revenues

Net investment income and net realized gains (losses) 382.1 388.9 394.4 393.6 379.6 771.0 768.1

Fee income 188.9 186.9 194.8 193.5 192.9 375.8 384.0

Premiums 3.7 10.7 21.8 0.7 3.4 14.4 4.1

Other revenue 19.1 14.0 19.3 17.9 17.0 33.1 35.2

Total operating revenues 593.8 600.5 630.3 605.7 592.9 1,194.3 1,191.4

Operating benefits and expenses

Interest credited and other benefits to contract owners/policyholders (214.2) (216.6) (230.9) (209.4) (209.3) (430.8) (420.0)

Operating expenses (221.3) (219.8) (214.3) (208.6) (217.3) (441.1) (443.3)

Net amortization of DAC/VOBA (29.9) (39.6) (35.2) (70.5) (30.5) (69.5) (77.4)

Total operating benefits and expenses (465.4) (476.0) (480.4) (488.5) (457.1) (941.4) (940.7)

Operating earnings before income taxes 128.4 124.5 149.9 117.2 135.8 252.9 250.7

Voya Financial Page 23 of 70

Retirement AUM/AUA

Balances as of

(in millions USD) 6/30/15 3/31/15 12/31/14 9/30/14 6/30/14

Assets under management by product group

Corporate markets 45,317.2 44,987.5 43,806.9 42,269.8 42,499.1

Tax-exempt markets 55,415.5 55,314.3 53,896.6 53,406.6 53,910.8

Total full service plans 100,732.7 100,301.8 97,703.5 95,676.4 96,409.9

Stable value 8,974.8 8,925.0 8,778.4 8,827.1 8,843.5

Retail wealth management 3,276.0 3,275.5 3,211.4 3,151.2 3,174.8

Total AUM 112,983.5 112,502.3 109,693.3 107,654.7 108,428.2

AUA 201,116.9 201,584.0 244,851.2 240,939.0 241,664.0

Total AUM and AUA 314,100.4 314,086.3 354,544.5 348,593.7 350,092.2

Assets under management by fund group

General account 28,328.7 28,006.7 27,716.3 27,498.0 27,389.5

Guaranteed separate account 7,686.0 8,050.2 7,932.7 8,111.5 8,159.8

Non-guaranteed separate account 52,432.4 52,726.7 51,709.2 51,000.6 51,960.0

Mutual funds/Institutional funds 24,536.4 23,718.7 22,335.1 21,044.6 20,918.9

Total AUM 112,983.5 112,502.3 109,693.3 107,654.7 108,428.2

AUA 201,116.9 201,584.0 244,851.2 240,939.0 241,664.0

Total AUM and AUA 314,100.4 314,086.3 354,544.5 348,593.7 350,092.2

Voya Financial Page 24 of 70

Retirement AUM Rollforward

Three Months Ended Year-to-Date

(in millions USD) 6/30/15 3/31/15 12/31/14 9/30/14 6/30/14 6/30/15 6/30/14

Full service - Corporate markets

Assets under management, beginning of period 44,987.5 43,806.9 42,269.8 42,499.1 40,967.4 43,806.9 40,123.7

Transfer/Single deposits 767.1 956.6 1,469.0 884.6 913.8 1,723.7 1,814.5

Recurring deposits 1,086.1 1,238.9 926.0 956.3 953.5 2,325.0 2,062.4

Deposits 1,853.2 2,195.5 2,395.0 1,840.9 1,867.3 4,048.7 3,876.9

Surrenders, benefits, and product charges (1,481.8) (2,021.3) (1,919.9) (1,595.7) (1,678.9) (3,503.1) (3,348.5)

Net Flows 371.4 174.2 475.1 245.2 188.4 545.6 528.4

Interest credited and investment performance (41.7) 1,006.3 1,062.0 (474.4) 1,343.3 964.6 1,847.0

Transfer to reinsurer (3) - - - - - - -

Assets under management, end of period 45,317.2 44,987.5 43,806.9 42,269.8 42,499.1 45,317.2 42,499.1

Full service - Tax-exempt markets

Assets under management, beginning of period 55,314.3 53,896.6 53,406.6 53,910.8 53,564.2 53,896.6 53,200.5

Transfer/Single deposits 319.8 837.6 837.9 338.5 241.6 1,157.4 511.3

Recurring deposits 782.8 778.5 735.8 669.9 764.9 1,561.3 1,544.3

Deposits 1,102.6 1,616.1 1,573.7 1,008.4 1,006.5 2,718.7 2,055.6

Surrenders, benefits, and product charges (1,062.8) (1,221.5) (2,140.0) (1,295.3) (1,100.4) (2,284.3) (2,431.1)

Net Flows 39.8 394.6 (566.3) (286.9) (93.9) 434.4 (375.5)

Interest credited and investment performance 61.4 1,023.1 1,056.2 (217.3) 1,349.3 1,084.5 1,994.6

Transfer to reinsurer (3) - - - - (908.8) - (908.8)

Assets under management, end of period 55,415.5 55,314.3 53,896.6 53,406.6 53,910.8 55,415.5 53,910.8

Stable value (1)

Assets under management, beginning of period 8,925.0 8,778.4 8,827.1 8,843.6 8,908.6 8,778.4 8,914.3

Transfer/Single deposits 299.9 169.5 121.9 46.0 25.6 469.4 160.5

Recurring deposits 42.1 42.7 49.0 44.9 34.9 84.8 81.9

Deposits 342.0 212.2 170.9 90.9 60.5 554.2 242.4

Surrenders, benefits, and product charges (288.9) (126.1) (281.8) (115.1) (205.0) (415.0) (447.2)

Net Flows 53.1 86.1 (110.9) (24.2) (144.5) 139.2 (204.8)

Interest credited and investment performance (3.5) 60.5 62.2 7.5 79.5 57.0 134.0

Transfer to reinsurer (3) - - - - - - -

Assets under management, end of period 8,974.8 8,925.0 8,778.4 8,827.1 8,843.6 8,974.8 8,843.5

Retail wealth management

Assets under management, beginning of period 3,275.5 3,211.4 3,151.2 3,174.8 3,074.9 3,211.4 2,998.4

Transfer/Single deposits 251.1 243.6 224.2 225.4 263.2 494.7 545.0

Recurring deposits 0.7 0.6 0.3 0.2 0.6 1.3 1.2

Deposits 251.8 244.2 224.5 225.6 263.8 496.0 546.2

Surrenders, benefits, and product charges (240.9) (238.7) (224.7) (226.3) (236.1) (479.6) (472.3)

Net Flows 10.9 5.5 (0.2) (0.7) 27.7 16.4 73.9

Interest credited and investment performance (10.4) 58.5 60.5 (22.9) 72.2 48.1 102.5

Transfer to reinsurer (3) - - - - - - -

Assets under management, end of period 3,276.0 3,275.5 3,211.4 3,151.2 3,174.8 3,276.0 3,174.8

Total AUM (2)

Assets under management, beginning of period 112,502.3 109,693.3 107,654.7 108,428.2 106,515.1 109,693.3 105,236.9

Transfer/Single deposits 1,637.9 2,207.4 2,653.0 1,494.6 1,444.1 3,845.3 3,031.2

Recurring deposits 1,911.7 2,060.8 1,711.1 1,671.3 1,753.9 3,972.5 3,689.9

Deposits 3,549.6 4,268.2 4,364.1 3,165.9 3,198.0 7,817.8 6,721.1

Surrenders, benefits, and product charges (3,074.3) (3,607.6) (4,566.4) (3,232.3) (3,220.4) (6,681.9) (6,699.1)

Net Flows 475.3 660.6 (202.3) (66.4) (22.4) 1,135.9 22.0

Interest credited and investment performance 5.9 2,148.4 2,240.9 (707.1) 2,844.3 2,154.3 4,078.1

Transfer to reinsurer (3) - - - - (908.8) - (908.8)

Assets under management, end of period 112,983.5 112,502.3 109,693.3 107,654.7 108,428.2 112,983.5 108,428.2

(1) Where Voya is the Investment Manager

(2) Excludes Recordkeeping and Stable Value where Voya is not the Investment Manager

(3) Assets transferred to third parties through reinsurance transactions

Annuities

Voya Financial Page 26 of 70

Annuities Sources of Operating Earnings

Three Months Ended Year-to-Date

(in millions USD) 6/30/15 3/31/15 12/31/14 9/30/14 6/30/14 6/30/15 6/30/14

Sources of operating earnings before income taxes:

Investment spread and other investment income 120.0 122.9 128.7 125.7 116.4 242.9 227.4

Fee based margin 16.2 15.5 14.8 14.6 14.0 31.7 27.2

Net underwriting gain (loss) and other revenue 4.6 7.5 6.2 3.3 9.0 12.1 16.0

Administrative expenses (25.2) (25.4) (23.0) (22.6) (24.7) (50.6) (49.4)

Trail commissions (12.9) (11.9) (9.6) (11.8) (11.7) (24.8) (22.1)

DAC/VOBA and other intangibles amortization, excluding

unlocking (46.7) (49.5) (51.3) (48.7) (45.3) (96.2) (89.8)

DAC/VOBA and other intangibles unlocking 5.0 9.5 (1.1) 17.8 6.5 14.5 9.7

Operating earnings before income taxes 61.0 68.6 64.7 78.3 64.2 129.6 119.0

Gross investment income

Fixed income 254.3 252.6 257.3 259.7 259.7 506.9 517.6

Limited partnership income 0.6 0.1 2.3 6.2 3.5 0.7 8.2

Prepayment fee income 4.6 11.4 15.7 9.0 7.1 16.0 9.6

Total gross investment income 259.5 264.1 275.3 274.9 270.3 523.6 535.4

Investment expenses (11.3) (10.5) (10.7) (11.3) (11.2) (21.8) (21.9)

Credited interest (143.5) (144.2) (152.1) (156.8) (159.7) (287.7) (319.4)

Net margin 104.7 109.4 112.5 106.8 99.4 214.1 194.1

Other investment income (1) 15.3 13.5 16.2 18.9 17.0 28.8 33.3

Investment spread and other investment income 120.0 122.9 128.7 125.7 116.4 242.9 227.4

(1) Includes investment income on assets backing surplus that has been allocated from the corporate segment and income from policy loans

Voya Financial Page 27 of 70

Annuities Operating Earnings

Three Months Ended Year-to-Date

(in millions USD) 6/30/15 3/31/15 12/31/14 9/30/14 6/30/14 6/30/15 6/30/14

Operating revenues

Net investment income and net realized gains (losses) 263.2 267.0 280.9 282.3 275.8 530.2 546.4

Fee income 16.0 15.2 14.6 15.0 14.2 31.2 27.4

Premiums 27.3 29.8 24.7 42.7 35.5 57.1 101.6

Other revenue 3.9 3.6 3.4 4.6 5.3 7.5 9.8

Total operating revenues 310.4 315.6 323.6 344.6 330.8 626.0 685.2

Operating benefits and expenses

Interest credited and other benefits to contract owners/policyholders (177.3) (175.4) (181.8) (204.1) (197.4) (352.7) (427.2)

Operating expenses (38.4) (37.6) (32.9) (34.8) (36.6) (76.0) (72.1)

Net amortization of DAC/VOBA (33.7) (34.0) (44.2) (27.4) (32.6) (67.7) (66.9)

Total operating benefits and expenses (249.4) (247.0) (258.9) (266.3) (266.6) (496.4) (566.2)

Operating earnings before income taxes 61.0 68.6 64.7 78.3 64.2 129.6 119.0

Voya Financial Page 28 of 70

Annuities AUM

Balances as of

(in millions USD) 6/30/15 3/31/15 12/31/14 9/30/14 6/30/14

Assets Under Management

Fixed single year 3,496.5 3,558.5 3,617.2 3,677.5 3,750.7

Fixed multi-year 2,168.2 2,226.0 2,288.9 2,653.9 3,224.4

Indexed 13,521.7 13,435.5 13,350.5 13,230.1 13,105.5

SPIA & Payout 2,856.7 2,874.0 2,878.5 2,892.1 2,886.1

Mutual funds 4,408.1 4,272.6 4,062.0 3,880.2 3,825.1

Other annuities 438.3 451.6 452.9 456.2 473.1

Total AUM 26,889.5 26,818.2 26,650.0 26,790.1 27,264.9

Assets Under Management

General account 21,715.3 21,753.7 21,795.5 22,111.7 22,614.5

Separate account 766.1 791.9 792.5 798.2 825.3

Mutual funds 4,408.1 4,272.6 4,062.0 3,880.2 3,825.1

Total AUM 26,889.5 26,818.2 26,650.0 26,790.1 27,264.9

Voya Financial Page 29 of 70

Annuities AUM Rollforward

Three Months Ended Year-to-Date

(in millions USD) 6/30/15 3/31/15 12/31/14 9/30/14 6/30/14 6/30/15 6/30/14

Annual Reset Annuities/Multi-Year Guaranteed Annuities

Assets Under Management, beginning of period 5,784.6 5,906.1 6,331.4 6,975.1 7,168.3 5,906.1 7,335.2

Deposits 8.2 8.3 6.2 6.8 8.7 16.5 20.7

Surrenders, benefits, and product charges (175.9) (177.5) (486.7) (710.8) (267.6) (353.4) (512.8)

Net cash flow (167.7) (169.2) (480.5) (704.0) (258.9) (336.9) (492.1)

Interest credited and investment performance 47.8 47.7 55.2 60.3 65.7 95.5 132.0

Assets Under Management, end of period 5,664.7 5,784.6 5,906.1 6,331.4 6,975.1 5,664.7 6,975.1

Fixed Indexed Annuities

Assets Under Management, beginning of period 13,435.5 13,350.5 13,230.1 13,105.5 12,883.5 13,350.5 12,648.4

Deposits 343.1 325.7 360.1 338.1 430.4 668.8 866.6

Surrenders, benefits, and product charges (379.6) (344.6) (348.7) (338.6) (348.0) (724.2) (664.5)

Net cash flow (36.5) (18.9) 11.4 (0.5) 82.4 (55.4) 202.1

Interest credited and investment performance 122.7 103.9 109.1 125.0 139.6 226.6 255.0

Assets Under Management, end of period 13,521.7 13,435.5 13,350.5 13,230.1 13,105.5 13,521.7 13,105.5

SPIA & Payout

Assets Under Management, beginning of period 2,874.0 2,878.5 2,892.1 2,886.1 2,871.1 2,878.5 2,803.5

Deposits 62.3 64.6 63.1 76.6 81.4 126.9 201.0

Surrenders, benefits, and product charges (108.9) (106.3) (111.2) (103.2) (107.6) (215.2) (194.0)

Net cash flow (46.6) (41.7) (48.1) (26.6) (26.2) (88.3) 7.0

Interest credited and investment performance 29.3 37.2 34.5 32.6 41.2 66.5 75.6

Assets Under Management, end of period 2,856.7 2,874.0 2,878.5 2,892.1 2,886.1 2,856.7 2,886.1

Mutual Fund Custodial

Assets Under Management, beginning of period 4,272.6 4,062.0 3,880.2 3,825.1 3,574.3 4,062.0 3,384.9

Deposits 322.7 289.1 268.5 264.9 274.6 611.8 567.1

Surrenders, benefits, and product charges (163.7) (155.9) (147.2) (143.0) (148.5) (319.6) (295.3)

Net cash flow 159.0 133.2 121.3 121.9 126.1 292.2 271.8

Interest credited and investment performance (23.5) 77.4 60.5 (66.8) 124.7 53.9 168.4

Assets Under Management, end of period 4,408.1 4,272.6 4,062.0 3,880.2 3,825.1 4,408.1 3,825.1

Other Annuities

Assets Under Management, beginning of period 451.6 452.9 456.2 473.1 470.4 452.9 474.8

Deposits 1.8 1.2 1.1 0.7 1.7 3.0 3.0

Surrenders, benefits, and product charges (13.8) (13.4) (15.8) (14.5) (16.9) (27.2) (28.8)

Net cash flow (12.0) (12.2) (14.7) (13.8) (15.2) (24.2) (25.7)

Interest credited and investment performance (1.3) 10.9 11.4 (3.0) 17.8 9.6 23.9

Assets Under Management, end of period 438.3 451.6 452.9 456.2 473.1 438.3 473.1

Annuities - Total

Assets Under Management, beginning of period 26,818.2 26,650.0 26,790.1 27,264.9 26,967.6 26,650.0 26,646.7

Deposits 738.2 688.8 699.0 687.1 796.9 1,427.0 1,658.5

Surrenders, benefits, and product charges (842.0) (797.7) (1,109.6) (1,310.0) (888.7) (1,639.7) (1,695.5)

Net cash flow (103.8) (108.9) (410.6) (622.9) (91.8) (212.7) (37.0)

Interest credited and investment performance 175.1 277.1 270.4 148.1 389.1 452.2 655.2

Assets Under Management, end of period 26,889.5 26,818.2 26,650.0 26,790.1 27,264.9 26,889.5 27,264.9

Investment Management

Voya Financial Page 31 of 70

Investment Management Sources of Operating Earnings

Three Months Ended Year-to-Date

(in millions USD) 6/30/15 3/31/15 12/31/14 9/30/14 6/30/14 6/30/15 6/30/14

Sources of operating earnings before income

taxes:

Investment capital and other investment income 3.5 6.5 (4.4) 9.3 8.2 10.0 15.7

Fee based margin 155.1 156.6 167.8 159.0 155.0 311.7 308.0

Administrative expenses (111.6) (116.2) (116.4) (109.7) (108.3) (227.8) (219.0)

Operating earnings before income taxes 47.0 46.9 47.0 58.6 54.9 93.9 104.7

Voya Financial Page 32 of 70

Investment Management Operating Earnings

Three Months Ended Year-to-Date

(in millions USD) 6/30/15 3/31/15 12/31/14 9/30/14 6/30/14 6/30/15 6/30/14

Operating revenues

Net investment income and net realized gains (losses) 3.4 6.1 (4.6) 9.0 8.0 9.5 15.3

Fee income 147.6 146.9 148.7 149.5 147.1 294.5 292.9

Other revenue 7.6 10.1 19.3 9.8 8.1 17.7 15.5

Total operating revenues 158.6 163.1 163.4 168.3 163.2 321.7 323.7

Operating benefits and expenses

Operating expenses (111.6) (116.2) (116.4) (109.7) (108.3) (227.8) (219.0)

Total operating benefits and expenses (111.6) (116.2) (116.4) (109.7) (108.3) (227.8) (219.0)

Operating earnings before income taxes 47.0 46.9 47.0 58.6 54.9 93.9 104.7

Voya Financial Page 33 of 70

Investment Management Key Metrics

Balances as of

Balances as of

(in millions USD) 6/30/15 3/31/15 12/31/14 9/30/14 6/30/14 6/30/15 6/30/14

Client Assets by Source:

External clients

Investment Management sourced 70,812.0 71,188.4 69,644.3 69,232.2 70,518.2 70,812.0 70,518.2

Affiliate sourced 57,390.9 59,005.1 58,956.2 58,941.3 58,728.9 57,390.9 58,728.9

Subtotal external clients 128,202.9 130,193.5 128,600.5 128,173.5 129,247.1 128,202.9 129,247.1

General Account (1) 77,795.8 78,566.4 77,630.2 78,503.1 78,335.1 77,795.8 78,335.1

Total Client Assets (AUM) 205,998.7 208,759.9 206,230.7 206,676.6 207,582.2 205,998.7 207,582.2

Administration Only Assets (AUA) 51,391.1 52,861.8 52,396.5 53,080.7 55,778.9 51,391.1 55,778.9

Total AUM and AUA 257,389.8 261,621.7 258,627.2 259,757.3 263,361.1 257,389.8 263,361.1

Three Months Ended Year to Date

6/30/15 3/31/15 12/31/14 9/30/14 6/30/14 6/30/15 6/30/14

Analysis of investment advisory and administrative

revenues, net, by source: (2)

External clients

Investment Management sourced 76.9 76.8 77.4 77.9 77.4 153.7 156.0

Affiliate sourced 30.9 30.7 31.7 32.1 28.9 61.6 57.2

Subtotal External Clients 107.8 107.5 109.1 110.0 106.3 215.3 213.2

General Account 36.4 36.1 36.2 36.0 36.5 72.5 72.5

Total investment advisory and administrative revenues,

net, from AUM 144.2 143.6 145.3 146.0 142.8 287.8 285.7

Administration Only Fees 3.4 3.3 3.4 3.5 4.3 6.7 7.2

Total investment advisory and administrative revenues,

net, by source (2) 147.6 146.9 148.7 149.5 147.1 294.5 292.9

Revenue Yield (bps): (2) (3)

External clients

Investment Management sourced 43.2 43.6 44.6 44.4 44.7 43.4 45.8

Affiliate sourced 21.1 20.8 21.4 21.6 19.9 21.0 20.2

Revenue Yield on Institutional/retail 33.3 33.2 33.9 34.0 33.3 33.3 34.2

General Account 18.5 18.6 18.5 18.4 18.4 18.6 18.3

Revenue Yield on Client Assets (AUM) 27.7 27.7 28.1 28.1 27.6 27.7 28.0

Revenue Yield on Administration Only Assets (AUA) 2.6 2.5 2.6 2.6 3.2 2.5 2.6

Total Revenue Yield on AUM and AUA (bps) (2) (3) 22.7 22.6 22.9 22.8 22.5 22.7 22.6

(1) General Account assets reported on a Statutory Book Value billing basis consistent with revenues earned.

(2) Measures used by management to evaluate ongoing business performance, allowing for more appropriate comparisons with industry peers.

(3) Revenue Yields calculated using average client assets for the period.

Voya Financial Page 34 of 70

Investment Management Account Rollforward by Source

Three Months Ended Year-to-Date

(in millions USD) 6/30/15 3/31/15 12/31/14 9/30/14 6/30/14 6/30/15 6/30/14

AUM Roll-forward By Source

Investment Management Sourced

Beginning AUM 71,188.4 69,644.3 69,232.2 70,518.2 69,104.4 69,644.3 66,362.2

Inflows

Inflows from sub-advisor replacements - - - - - - -

Inflows-other 3,748.0 3,891.1 3,932.3 2,872.2 3,106.7 7,639.1 7,296.0

Outflows (3,202.2) (3,142.6) (3,133.8) (3,284.8) (3,701.5) (6,344.8) (6,545.5)

Net Flows 545.8 748.5 798.5 (412.6) (594.8) 1,294.3 750.5

Net Money Market Flows (2.8) 7.2 7.6 (13.1) (34.1) 4.4 (6.0)

Change in Market Value (804.7) 879.2 1,222.8 (1,052.2) 1,614.4 74.5 2,458.0

Other (Including Acquisitions / Divestitures) (114.7) (90.7) (1,616.8) 191.9 428.3 (205.5) 953.5

Investment Management sourced AUM End of Period 70,812.0 71,188.4 69,644.3 69,232.2 70,518.2 70,812.0 70,518.2

Organic Growth (Long Term Net Flows / Beginning of Period AUM) 0.77% 1.07% 1.15% -0.59% -0.86% 1.86% 1.13%

Market Growth % -1.13% 1.26% 1.77% -1.49% 2.34% 0.11% 3.70%

Affiliate Sourced

Beginning AUM 59,005.1 58,956.2 58,941.3 58,728.9 57,988.9 58,956.2 53,935.0

Inflows

Inflows from sub-advisor replacements - - 785.1 2,130.2 - - 4,671.9

Inflows-other 976.9 964.2 923.8 667.5 757.3 1,941.1 1,706.5

Outflows (2,277.9) (2,038.4) (2,696.9) (2,206.3) (2,020.2) (4,316.3) (4,102.4)

Net Flows (1,301.0) (1,074.1) (988.0) 591.4 (1,262.9) (2,375.1) 2,276.0

Net Money Market Flows (31.1) (81.2) (110.0) (34.1) (95.8) (112.3) (141.3)

Change in Market Value (296.8) 1,323.1 1,300.0 (293.4) 1,915.8 1,026.3 2,555.6

Other (Including Acquisitions / Divestitures) 14.7 (118.9) (187.1) (51.6) 182.9 (104.2) 103.6

Affiliate sourced AUM End of Period 57,390.9 59,005.1 58,956.2 58,941.3 58,728.9 57,390.9 58,728.9

Organic Growth (Long Term Net Flows / Beginning of Period AUM) -2.20% -1.82% -1.68% 1.01% -2.18% -4.03% 4.22%

Market Growth % -0.50% 2.24% 2.21% -0.50% 3.30% 1.74% 4.74%

Other affiliate sourced net flows (276.0) (230.9) 255.5 1,581.4 (401.4) (506.9) 3,938.8

Variable annuity net flows (1,025.0) (843.2) (1,243.5) (990.0) (861.5) (1,868.2) (1,662.8)

Total affiliate sourced net flows (1,301.0) (1,074.1) (988.0) 591.4 (1,262.9) (2,375.1) 2,276.0

Investment Management sourced net flows 545.8 748.5 798.5 (412.6) (594.8) 1,294.3 750.5

Total net flows (755.2) (325.6) (189.5) 178.8 (1,857.7) (1,080.8) 3,026.5

Net Flows excluding sub-advisor replacements and variable annuity net flows 269.8 517.6 268.9 (961.4) (996.2) 787.4 17.4

Voya Financial Page 35 of 70

Investment Management Account Value by Asset Type

Balances as of

6/30/15 3/31/15 12/31/14 9/30/14 6/30/14

(in millions USD)

Institutional

Equity 17,992.4 18,136.8 18,095.7 18,143.9 18,465.7

Fixed Income 39,689.6 38,965.9 38,036.2 38,535.2 39,259.3

Real Estate - - - - -

Money Market 24.5 19.5 11.7 11.4 11.5

Total 57,706.5 57,122.2 56,143.6 56,690.5 57,736.5

Retail

Equity 42,992.0 44,245.8 43,880.8 44,026.3 43,723.5

Fixed Income 19,070.4 19,432.4 19,252.9 18,604.5 18,505.3

Real Estate 6,656.3 7,578.7 7,436.7 6,889.1 7,250.2

Money Market 1,777.7 1,814.4 1,886.5 1,963.1 2,031.6

Total 70,496.4 73,071.3 72,456.9 71,483.0 71,510.6

General Account

Equity 201.4 212.7 215.8 232.1 254.7

Fixed Income 76,741.9 77,102.4 76,125.5 77,227.6 77,204.4

Real Estate - - - - -

Money Market 852.5 1,251.3 1,288.9 1,043.4 876.0

Total 77,795.8 78,566.4 77,630.2 78,503.1 78,335.1

Combined Asset Type

Equity 61,185.8 62,595.3 62,192.3 62,402.3 62,443.9

Fixed Income 135,501.9 135,500.7 133,414.6 134,367.3 134,969.0

Real Estate 6,656.3 7,578.7 7,436.7 6,889.1 7,250.2

Money Market 2,654.7 3,085.2 3,187.1 3,017.9 2,919.1

Total 205,998.7 208,759.9 206,230.7 206,676.6 207,582.2

Individual Life

Voya Financial Page 37 of 70

Individual Life Sources of Operating Earnings

Three Months Ended Year-to-Date

(in millions USD) 6/30/15 3/31/15 12/31/14 9/30/14 6/30/14 6/30/15 6/30/14

Sources of operating earnings before income taxes:

Investment spread and other investment income 64.7 65.3 65.7 59.6 52.1 130.0 106.0

Fee based margin 4.2 4.2 4.3 4.4 4.4 8.4 9.9

Net underwriting gain (loss) and other revenue 90.7 88.2 137.7 93.4 123.9 178.9 210.5

Administrative expenses (60.0) (61.4) (60.8) (62.3) (64.4) (121.4) (132.7)

Trail commissions (5.3) (9.8) (3.5) (6.2) (6.0) (15.1) (12.2)

DAC/VOBA and other intangibles amortization, excluding

unlocking (42.0) (43.2) (45.9) (42.0) (45.1) (85.2) (78.5)

DAC/VOBA and other intangibles unlocking (14.6) 0.1 5.5 (7.1) (1.5) (14.5) (8.6)

Operating earnings before income taxes 37.7 43.4 103.0 39.8 63.4 81.1 94.5

Gross Investment Income

Fixed income 212.0 207.8 210.9 212.5 209.1 419.8 419.8

Limited partnership income 0.9 0.3 1.6 4.9 2.6 1.2 6.8

Prepayment fee income 4.5 11.3 9.1 4.5 3.0 15.8 3.5

Total gross investment income 217.4 219.4 221.6 221.9 214.7 436.8 430.1

Investment expenses (6.4) (5.9) (5.9) (6.2) (6.0) (12.3) (12.1)

Credited interest (154.6) (155.4) (157.9) (164.8) (163.9) (310.0) (326.0)

Net margin 56.4 58.1 57.8 50.9 44.8 114.5 92.0

Other investment income (1) 8.3 7.2 7.9 8.7 7.3 15.5 14.0

Investment spread and other investment income 64.7 65.3 65.7 59.6 52.1 130.0 106.0

Net underwriting gain (loss) and other revenue

Fee Revenue/Premiums 458.7 459.9 460.8 492.3 504.3 918.6 992.7

Net Mortality, including Reinsurance (309.0) (309.1) (244.8) (326.4) (299.4) (618.1) (627.4)

Reserve Change/Other (59.0) (62.6) (78.3) (72.5) (81.0) (121.6) (154.7)

Total net underwriting gain (loss) and other revenue 90.7 88.2 137.7 93.4 123.9 178.9 210.5

(1) Includes investment income on assets backing surplus that has been allocated from the corporate segment and income from policy loans

Voya Financial Page 38 of 70

Individual Life Operating Earnings

Three Months Ended Year-to-Date

(in millions USD) 6/30/15 3/31/15 12/31/14 9/30/14 6/30/14 6/30/15 6/30/14

Operating revenues

Net investment income and net realized gains (losses) 220.8 222.4 223.5 226.3 215.5 443.2 435.3

Fee income 287.0 295.3 273.2 269.3 285.5 582.3 569.1

Premiums 151.4 146.6 145.1 179.1 191.7 298.0 375.4

Other revenue 3.7 4.5 4.8 4.4 7.2 8.2 12.3

Total operating revenues 662.9 668.8 646.6 679.1 699.9 1,331.7 1,392.1

Operating benefits and expenses

Interest credited and other benefits to contract owners/policyholders (495.8) (490.6) (455.7) (632.8) (499.3) (986.4) (1,027.1)

Operating expenses (85.4) (92.3) (83.5) (88.7) (91.3) (177.7) (187.0)

Net amortization of DAC/VOBA (44.0) (42.5) (4.4) 82.2 (45.9) (86.5) (83.5)

Interest expense - - - - - - -

Total operating benefits and expenses (625.2) (625.4) (543.6) (639.3) (636.5) (1,250.6) (1,297.6)

Operating earnings before income taxes 37.7 43.4 103.0 39.8 63.4 81.1 94.5

Voya Financial Page 39 of 70

Individual Life Key Metrics

Three Months Ended Year-to-Date

(in millions USD) 6/30/15 3/31/15 12/31/14 9/30/14 6/30/14 6/30/15 6/30/14

Sales by Product Line

Guaranteed - - 0.1 - - - -

Accumulation 1.0 1.6 2.3 2.6 2.1 2.6 4.9

Indexed 15.5 14.4 12.6 16.0 13.3 29.9 21.2

Total Universal life 16.5 16.0 15.0 18.6 15.4 32.5 26.1

Variable life 1.7 1.0 3.4 1.4 1.5 2.7 2.4

Term 5.1 4.9 5.9 6.8 8.1 10.0 15.3

Whole life - - - - - - 0.1

Total sales by product line 23.3 21.9 24.3 26.8 25.0 45.2 43.9

Gross premiums and deposits by product:

Interest sensitive 282.5 297.2 295.5 292.5 291.5 579.7 567.5

Non - interest sensitive 187.8 177.7 184.1 218.8 232.7 365.5 456.3

Total gross premiums and deposits (1) 470.2 475.0 479.6 511.3 524.2 945.2 1,023.8

Applications

New business policy count (Paid) 5,607 5,407 6,380 7,452 8,837 11,014 16,716

End of Period:

In-force face amount (by product) (1)

Universal life 77,736 77,580 77,798 77,867 77,948 77,736 77,948

Variable life 25,668 26,100 26,432 26,806 27,250 25,668 27,250

Term 364,618 367,382 369,498 491,344 493,570 364,618 493,570

Whole life 2,002 2,054 2,087 2,110 2,145 2,002 2,145

Total In-force Face 470,023 473,115 475,816 598,128 600,914 470,023 600,914

In-force policy count (in whole numbers) (1)

Universal life 274,989 277,713 280,722 283,349 286,236 274,989 286,236

Variable life 60,632 61,629 62,609 63,597 64,569 60,632 64,569

Term 639,932 644,643 648,634 822,955 826,465 639,932 826,465

Whole life 128,103 130,246 132,806 135,450 138,054 128,103 138,054

Total Policy Counts 1,103,656 1,114,231 1,124,771 1,305,351 1,315,324 1,103,656 1,315,324

Assets under management (1)

General account 13,032.3 13,035.7 12,995.3 13,424.2 13,381.3 13,032.3 13,381.3

Separate account 2,696.6 2,738.3 2,713.0 2,694.5 2,761.6 2,696.6 2,761.6

Total 15,728.9 15,774.0 15,708.3 16,118.7 16,142.9 15,728.9 16,142.9

(1) Excludes amounts transferred to third parties through reinsurance transactions

Employee Benefits

Voya Financial Page 41 of 70

Employee Benefits Sources of Operating Earnings

Three Months Ended Year-to-Date

(in millions USD) 6/30/15 3/31/15 12/31/14 9/30/14 6/30/14 6/30/15 6/30/14

Sources of operating earnings before income taxes:

Investment spread and other investment income 12.8 11.0 12.5 14.3 11.4 23.8 22.3

Net underwriting gain (loss) and other revenue 104.2 102.8 111.7 88.3 91.5 207.0 174.6

Administrative expenses (47.5) (45.9) (43.5) (40.0) (42.0) (93.4) (86.7)

Trail commissions (26.7) (22.7) (20.2) (21.0) (18.9) (49.4) (42.3)

DAC/VOBA and other intangibles amortization, excluding

unlocking (4.2) (3.9) (3.3) (3.2) (2.4) (8.1) (6.8)

DAC/VOBA and other intangibles unlocking (0.9) (0.7) - (1.4) (1.8) (1.6) (6.4)

Operating earnings before income taxes 37.7 40.6 57.2 37.0 37.8 78.3 54.7

Gross Investment Income

Fixed income 24.5 24.8 25.0 25.6 25.3 49.3 50.0

Limited partnership income 0.1 - 0.1 0.6 0.3 0.1 0.7

Prepayment fee income 1.3 0.1 0.8 0.7 0.4 1.4 0.5

Total gross investment income 25.9 24.9 25.9 26.9 26.0 50.8 51.2

Investment expenses (0.8) (0.8) (0.8) (0.7) (0.7) (1.6) (1.5)

Credited interest (15.2) (15.4) (15.3) (14.9) (16.4) (30.6) (32.2)

Net margin 9.9 8.7 9.8 11.3 8.9 18.6 17.5

Other investment income (1) 2.9 2.3 2.7 3.0 2.5 5.2 4.8

Investment spread and other investment income 12.8 11.0 12.5 14.3 11.4 23.8 22.3

Group life

Premiums 122.5 116.1 114.1 111.9 115.7 238.6 229.0

Benefits (90.6) (86.1) (82.4) (84.3) (86.4) (176.7) (179.3)

Other (2) (2.4) (1.9) (2.5) (2.3) (1.8) (4.3) (3.9)

Total 29.5 28.1 29.2 25.3 27.5 57.6 45.8

Loss Ratio (Interest adjusted) 74.0% 74.2% 72.2% 75.4% 74.7% 74.1% 78.3%

Group stop loss

Premiums 193.5 192.9 167.4 164.1 164.0 386.4 327.9

Benefits (139.8) (135.7) (103.7) (118.4) (118.5) (275.5) (237.1)

Other (2) (0.2) (2.6) (1.4) (0.8) (0.9) (2.8) (2.3)

Total 53.5 54.6 62.4 44.9 44.6 108.1 88.5

Loss Ratio 72.2% 70.4% 61.9% 72.1% 72.2% 71.3% 72.3%

Voluntary Benefits, Disability, and Other 21.1 20.2 20.0 18.3 19.5 41.3 40.5

Net underwriting gain (loss) and other revenue 104.2 102.8 111.7 88.3 91.5 207.0 174.6

(1) Includes investment income on assets backing surplus that has been allocated from the corporate segment.

(2) Other includes service fees, dividends, interest expenses, and other miscellaneous expenses. The Loss Ratio calculation does not include Other.

Voya Financial Page 42 of 70

Employee Benefits Operating Earnings

Three Months Ended Year-to-Date

(in millions USD) 6/30/15 3/31/15 12/31/14 9/30/14 6/30/14 6/30/15 6/30/14

Operating revenues

Net investment income and net realized gains (losses) 28.0 26.5 27.8 29.1 27.7 54.5 54.4

Fee income 15.5 15.8 15.4 23.9 14.7 31.3 30.3

Premiums 334.4 330.0 303.4 293.7 302.8 664.4 599.1

Other revenue (1.7) (1.4) (0.9) (0.8) (2.7) (3.1) (2.4)

Total operating revenues 376.2 370.9 345.7 345.9 342.5 747.1 681.4

Operating benefits and expenses

Interest credited and other benefits to contract owners/policyholders (260.1) (255.4) (220.9) (235.7) (239.6) (515.5) (484.1)

Operating expenses (73.3) (70.3) (64.5) (60.9) (60.9) (143.6) (129.3)

Net amortization of DAC/VOBA (5.1) (4.6) (3.1) (12.3) (4.2) (9.7) (13.3)

Total operating benefits and expenses (338.5) (330.3) (288.5) (308.9) (304.7) (668.8) (626.7)

Operating earnings before income taxes 37.7 40.6 57.2 37.0 37.8 78.3 54.7

Voya Financial Page 43 of 70

Employee Benefits Key Metrics

Three Months Ended Year-to-Date

(in millions USD) 6/30/15 3/31/15 12/31/14 9/30/14 6/30/14 6/30/15 6/30/14

Sales

Group life (Basic / Sup / AD&D) 6.0 36.6 5.4 7.2 4.1 42.6 41.6

Group stop loss 21.9 203.0 11.6 21.8 9.4 224.9 191.8

Disability 0.2 6.9 1.2 1.0 0.7 7.1 9.3

Association (Life, DI, PAI) 2.0 11.2 4.5 - 0.7 13.2 0.7

Other (PAI) - 0.6 0.1 0.3 - 0.6 1.0

Total group products 30.1 258.3 22.8 30.3 14.9 288.4 244.4

Voluntary products 10.6 14.5 9.0 5.2 4.3 25.1 26.6

Total sales by product line 40.7 272.8 31.8 35.5 19.2 313.5 271.0

Total gross premiums and deposits 383.4 374.6 342.4 340.6 348.3 758.0 691.2

Total annualized in-force premiums 1,579.8 1,564.7 1,406.4 1,398.2 1,396.7 1,579.8 1,396.7

Assets under management (EOP)

General account 1,798.9 1,755.4 1,761.1 1,780.8 1,791.3 1,798.9 1,791.3

Separate account 15.7 16.1 16.1 16.0 16.2 15.7 16.2

Total 1,814.6 1,771.5 1,777.2 1,796.8 1,807.5 1,814.6 1,807.5

Corporate

Voya Financial Page 45 of 70

Corporate Operating Earnings

Three Months Ended Year-to-Date

(in millions USD) 6/30/15 3/31/15 12/31/14 9/30/14 6/30/14 6/30/15 6/30/14

Interest expense (49.9) (48.0) (47.5) (46.8) (46.7) (97.9) (93.7)

Amortization of intangibles (9.2) (9.2) (9.2) (9.2) (8.6) (18.4) (17.2)

Strategic investment program (1) (13.1) - - - - (13.1) -

Other (2) 18.9 9.0 9.0 8.9 17.0 27.9 35.3

Operating earnings before income taxes (53.3) (48.2) (47.7) (47.1) (38.3) (101.5) (75.6)

(1) On June 2, 2015, we announced that we would undertake a strategic investment program over the next four years as it relates to IT simplification, digital and analytics, and cross-enterprise initiatives.

(2) The three months ended 3/31/14 and 6/30/14 include $(1.8) million and $5.8 million of net investment income from Lehman Recovery, respectively.

Closed Blocks (Variable Annuity and Other)

Voya Financial Page 47 of 70

Closed Block ISP and Other Operating Earnings

Three Months Ended Year-to-Date

(in millions USD) 6/30/15 3/31/15 12/31/14 9/30/14 6/30/14 6/30/15 6/30/14

Closed Block Institutional Spread Products 3.2 5.1 (1.0) 8.5 6.6 8.3 12.0

Closed Block Other 0.8 8.7 3.8 2.0 3.9 9.5 (0.6)

Operating earnings before income taxes 4.0 13.8 2.8 10.5 10.5 17.8 11.4

Three Months Ended Year-to-Date

Closed Block Institutional Spread Products 6/30/15 3/31/15 12/31/14 9/30/14 6/30/14 6/30/15 6/30/14

Operating revenues

Net investment income and net realized gains (losses) 13.8 15.0 20.6 18.4 16.6 28.8 33.8

Premiums - - 0.5 0.6 0.6 - 1.2

Other revenue (0.3) (0.1) (0.2) (0.4) (0.2) (0.4) (0.4)

Total operating revenues 13.5 14.9 20.9 18.6 17.0 28.4 34.6

Operating benefits and expenses

Interest credited and other benefits to contract owners/policyholders (7.7) (7.2) (19.5) (7.5) (7.5) (14.9) (16.3)

Operating expenses (2.6) (2.6) (2.3) (2.5) (2.8) (5.2) (6.1)

Net amortization of DAC/VOBA - - (0.1) (0.1) (0.1) - (0.2)

Total operating benefits and expenses (10.3) (9.8) (21.9) (10.1) (10.4) (20.1) (22.6)

Operating earnings before income taxes 3.2 5.1 (1.0) 8.5 6.6 8.3 12.0

Three Months Ended Year-to-Date

6/30/15 3/31/15 12/31/14 9/30/14 6/30/14 6/30/15 6/30/14

Closed Block Other

Operating revenues

Net investment income and net realized gains (losses) 2.5 5.5 5.7 6.0 6.2 8.0 12.1

Premiums 0.1 1.2 1.1 0.6 0.9 1.3 2.8

Other revenue (0.1) 0.3 - 0.2 (0.1) 0.2 0.1

Total operating revenues 2.5 7.0 6.8 6.8 7.0 9.5 15.0

Operating benefits and expenses

Interest credited and other benefits to contract owners/policyholders (0.8) 3.4 (1.1) (0.4) (1.4) 2.6 (8.1)

Operating expenses (0.9) (1.7) (1.9) (4.4) (1.7) (2.6) (7.5)

Total operating benefits and expenses (1.7) 1.7 (3.0) (4.8) (3.1) - (15.6)

Operating earnings before income taxes 0.8 8.7 3.8 2.0 3.9 9.5 (0.6)

Voya Financial Page 48 of 70 Closed Block Variable Annuity Income (Loss) before income taxes Three Months Ended Year-to-Date (in millions USD) 6/30/15 3/31/15 12/31/14 9/30/14 6/30/14 6/30/15 6/30/14 Revenues Net investment income 54.7 50.9 46.5 43.0 38.9 105.6 73.7 Fee income 291.2 288.0 302.9 316.2 315.8 579.2 632.6 Premiums 164.3 89.2 303.0 76.0 93.0 253.5 143.2 Net realized gains (losses) 145.5 (166.2) R (462.3) R 227.1 R (337.4) R (20.7) (454.5) R Other revenues and premiums 2.8 2.5 3.6 3.3 3.8 5.3 7.7 Total revenues 658.5 264.4 193.7 665.6 114.1 922.9 402.7 Benefits and expenses Interest credited and other benefits to contract owners/policyholders (351.8) (168.5) (376.2) (429.3) (62.8) (520.3) (189.3) Operating expenses and interest expense (110.5) (112.1) (116.0) (116.9) (118.6) (222.6) (240.7) Net amortization of DAC/VOBA (15.7) (13.2) (18.8) 16.6 (14.8) (28.9) (30.6) Total benefits and expenses (478.0) (293.8) (511.0) (529.6) (196.2) (771.8) (460.6) Income (loss) before income taxes 180.5 (29.4) (317.3) 136.0 (82.1) 151.1 (57.9) Three Months Ended Year-to-Date 6/30/15 3/31/15 12/31/14 9/30/14 6/30/14 6/30/15 6/30/14 The following table presents notable items that result in volatility in income (loss) before income taxes: Net gains (losses) related to incurred guaranteed benefits and guarantee hedge program, excluding nonperformance risk (1) 47.5 (305.1) R (638.1) R (319.3) R (257.7) R (257.6) (496.8) R Gains (losses) related to CHO program (1) (14.4) (2.3) R (65.0) R (2.0) R (43.2) (16.7) (54.1) Gain (loss) due to nonperformance risk(1) (68.2) 56.0 R 152.1 R 171.3 R (29.2) R (12.2) 4.3 R Net investment gains (losses) (1) - 1.5 1.1 (0.2) (0.7) 1.5 (1.3) DAC/VOBA and other intangibles unlocking and loss recognition (2.6) 0.3 (5.4) 37.8 1.6 (2.3) 2.0 (1) Amounts exclude net amortization of DAC/VOBA and other intangibles. R Revised

Voya Financial Page 49 of 70 Closed Block Variable Annuity Death and Living Benefits

Balances as of

(in millions USD) 6/30/15 3/31/15 12/31/14 9/30/14 6/30/14

Death and living benefits-account value

GMAB/GMWB 709 749 777 810 873 GMIB 12,962 13,796 14,027 14,828 15,641 GMWBL 15,248 15,766 15,804 15,921 16,548 No living benefits 9,929 10,326 10,469 10,626 11,106

Total (1) 38,848 40,637 41,077 42,185 44,168

Net amount at risk (after reinsurance)

Total DB NAR 5,203 4,895 5,048 5,263 4,753

GMAB/GMWB 16 15 17 18 17 GMIB(2)

2,389 2,469 2,361 2,270 1,885 GMWBL(2)

1,271 1,646 1,324 902 695

Total LB NAR 3,676 4,130 3,702 3,190 2,597

(1) Excludes assets associated with Payout Reserves, Policy Loans, and Life Insurance Business (2) GMIB and GMWBL values represent discounted net amount at risk

Voya Financial Page 50 of 70 Closed Block Variable Annuity AUM Rollforward

Three Months Ended Year-to-Date

6/30/15 3/31/15 12/31/14 9/30/14 6/30/14 6/30/15 6/30/14

(in millions USD)

Products in accumulation phase:

Balance as of beginning of period 40,691.9 41,132.0 42,238.2 44,223.4 44,022.8 41,132.0 44,788.2 Deposits 33.9 34.0 34.5 34.9 47.4 67.9 101.0 Surrenders, benefits, and product charges (1,439.4) (1,229.5) (1,789.6) (1,260.1) (1,309.6) (2,668.9) (2,544.0) Net cash flow (1,405.5) (1,195.5) (1,755.1) (1,225.2) (1,262.2) (2,601.0) (2,443.1) Interest credited and investment performance (383.8) 755.4 648.9 (760.0) 1,462.8 371.6 1,878.2

Balance as of end of period 38,902.6 40,691.9 41,132.0 42,238.2 44,223.4 38,902.6 44,223.4

End of period contracts in payout status 2,676.8 2,275.8 2,082.2 1,312.0 1,167.0 2,676.8 1,167.0

Total balance as of end of period (1) 41,579.4 42,967.7 43,214.2 43,550.2 45,390.4 41,579.4 45,390.4

Assets Under Management

General account 3,128.7 2,739.0 2,556.3 1,795.2 1,651.4 3,128.7 1,651.4 Separate account 38,450.7 40,228.7 40,657.9 41,755.0 43,739.0 38,450.7 43,739.0

Total (1) 41,579.4 42,967.7 43,214.2 43,550.2 45,390.4 41,579.4 45,390.4

(1) Includes products in accumulation and payout phase, Policy Loans, and Life Insurance Business

Investment Information

Voya Financial Page 52 of 70

Portfolio Composition

Balances as of

6/30/15 3/31/15 12/31/14 9/30/14 6/30/14

(in millions USD) Amount % of Total Amount % of Total Amount % of Total Amount % of Total Amount % of Total

Composition of Investment Portfolio

Fixed maturities, available for sale, at fair value, before consolidation 68,162.5 71,417.4 69,910.3 70,180.5 70,948.8

CLOs Adjustments (1) (61.6) (42.4) (46.6) (43.2) (56.9)

VOEs Adjustments (1) 61.6 42.4 46.6 18.4 32.4

Fixed maturities, available for sale, at fair value, after consolidation 68,162.5 77.2% 71,417.4 76.8% 69,910.3 77.0% 70,155.7 78.1% 70,924.3 78.9%

Fixed maturities, at fair value using the fair value option 3,568.1 4.0% 3,675.3 3.9% 3,564.5 3.9% 3,557.8 4.0% 3,538.7 3.9%

Equity securities, available for sale, at fair value 279.6 0.3% 283.6 0.3% 271.8 0.3% 270.5 0.3% 273.5 0.3%

Short-term investments 1,064.5 1.2% 1,615.5 1.7% 1,711.4 1.9% 1,173.1 1.3% 775.9 0.9%

Mortgage loans on real estate 10,366.7 11.7% 10,194.5 11.0% 9,794.1 10.8% 9,949.7 11.1% 9,491.4 10.6%

Policy loans 2,034.1 2.3% 2,074.1 2.2% 2,104.0 2.3% 2,104.2 2.3% 2,113.7 2.4%

Limited partnerships/corporations, before consolidation 1,186.4 1,066.7 1,057.6 1,080.9 1,036.9

VOEs Adjustments (1) (714.6) (691.2) (694.4) (732.7) (693.0)

Limited partnerships/corporations, after consolidation 471.8 0.5% 375.5 0.4% 363.2 0.4% 348.2 0.4% 343.9 0.4%

Derivatives 1,429.3 1.6% 2,127.0 2.3% 1,819.6 2.0% 1,136.8 1.3% 1,094.6 1.2%

Other investments 93.3 0.1% 97.0 0.1% 110.3 0.1% 106.8 0.1% 120.2 0.1%

Securities pledged to creditors 976.5 1.1% 1,209.7 1.3% 1,184.6 1.3% 1,021.6 1.1% 1,145.1 1.3%

Total investments, after consolidation 88,446.4 100.0% 93,069.6 100.0% 90,833.8 100.0% 89,824.4 100.0% 89,821.3 100.0%

Fixed Maturity Securities - Security Sector (2)

U.S. Government agencies and authorities 3,652.3 5.0% 4,223.3 5.6% 4,339.9 5.8% 4,649.4 6.2% 5,231.4 6.9%

U.S. Corporate - Public 34,049.2 46.8% 36,204.0 47.4% 34,343.7 R 46.0% 33,984.0 45.4% 34,203.7 45.2%

R

U.S. Corporate - Private 6,405.9 8.8% 6,155.3 8.1% 6,397.1 8.7% 6,094.2 8.2% 6,025.6 8.0%

Foreign Government / Agency 884.5 1.2% 911.3 1.2% 891.3 1.2% 897.0 1.2% 927.9 1.2%

Foreign Corporate - Public 7,544.0 10.4% 7,770.6 10.2% 7,497.9 10.0% 7,719.8 10.3% 7,649.0 10.1%

Foreign Corporate - Private 7,805.6 10.7% 8,031.1 10.5% 8,055.0 10.8% 8,400.7 11.3% 8,440.0 11.2%

State, municipalities and political subdivisions 840.6 1.2% 798.1 1.0% 694.4 0.9% 454.8 0.6% 367.0 0.5%

Residential mortgaged-backed securities:

CMO-B Agency 3,323.4 4.6% 3,416.5 4.5% 3,310.2 4.4% 3,080.0 4.1% 3,017.5 3.9%

CMO-B Non-Agency 346.6 0.5% 391.8 0.5% 393.3 0.5% 391.4 0.5% 419.2 0.6%

Agency 1,789.2 2.5% 1,992.9 2.6% 2,153.6 2.9% 2,376.8 3.2% 2,544.7 3.4%

Non-Agency (3) 1,194.8 1.6% 1,273.9 1.7% 1,333.5 1.8% 1,408.1 1.9% 1,465.3 1.9%

Total Residential mortgage-backed securities 6,654.0 9.2% 7,075.1 9.3% 7,190.6 9.7% 7,256.3 9.7% 7,446.7 9.8%

Commercial mortgage-backed securities 3,987.7 5.5% 4,185.9 5.5% 4,188.2 5.6% 4,030.8 5.4% 3,911.1 5.2%

Other asset-backed securities (3) 883.3 1.2% 947.7 1.2% 1,061.3 1.4% 1,248.1 1.7% 1,405.7 1.9%

Total fixed maturities, including securities pledged (5) 72,707.1 100.0% 76,302.4 100.0% 74,659.4 100.0% 74,735.1 100.0% 75,608.1 100.0%

Fixed Maturity Securities - Contractual Maturity Dates

Due to mature:

Due in one year or less 1,825.8 2.5% 2,091.4 2.7% 2,218.5 3.0% 2,362.3 3.2% 2,244.1 3.0%

Due after one year through five years 13,257.7 18.2% 13,448.4 17.6% 13,199.4 17.7% 13,484.2 18.0% 14,196.3 18.8%

Due after five years through ten years 20,720.6 28.5% 21,582.6 28.3% 20,935.9 28.0% 21,719.0 29.1% 21,912.8 29.0%

Due after ten years 25,378.0 34.9% 26,971.3 35.4% 25,865.5 34.6% 24,634.4 32.9% 24,491.4 32.3%

CMO-B 3,670.0 5.1% 3,808.3 5.0% 3,703.5 5.0% 3,471.4 4.6% 3,436.7 4.5%

Mortgage-backed securities 6,971.7 9.6% 7,452.7 9.8% 7,675.3 10.3% 7,815.7 10.5% 7,921.1 10.5%

Other asset-backed securities (3) 883.3 1.2% 947.7 1.2% 1,061.3 1.4% 1,248.1 1.7% 1,405.7 1.9%

Total fixed maturities, including securities pledged 72,707.1 100.0% 76,302.4 100.0% 74,659.4 100.0% 74,735.1 100.0% 75,608.1 100.0%

Fixed Maturity Securities - NAIC Quality Designation

NAIC Quality Designation

1 40,955.0 56.3% 43,273.9 56.7% 42,566.5 56.9% 42,099.3 56.3% 42,638.8 56.3%

2 28,559.2 39.3% 29,736.5 39.0% 28,903.0 38.7% 29,140.6 39.0% 29,511.1 39.0%

3 2,645.6 3.6% 2,702.0 3.5% 2,594.4 3.5% 2,855.2 3.8% 2,839.0 3.8%

4 324.1 0.4% 342.2 0.4% 344.8 0.5% 393.4 0.5% 360.5 0.5%

5 36.8 0.1% 43.6 0.1% 55.2 0.1% 59.1 0.1% 63.4 0.1%

6 186.4 0.3% 204.2 0.3% 195.5 0.3% 187.5 0.3% 195.3 0.3%

Total fixed maturities, including securities pledged (4) (5) 72,707.1 100.0% 76,302.4 100.0% 74,659.4 100.0% 74,735.1 100.0% 75,608.1 100.0%

Fixed Maturity Securities - ARO Quality Rating

ARO Quality Rating

AAA 12,814.2 17.6% 14,001.1 18.3% 13,974.3 18.7% 14,233.4 19.0% 14,832.8 19.6%

AA 4,585.4 6.3% 4,896.3 6.4% 4,689.0 6.3% 4,620.2 6.2% 4,701.0 6.2%

A 21,447.5 29.5% 22,389.8 29.4% 21,994.7 29.5% 21,561.6 28.9% 21,403.1 28.3%

BBB 29,074.7 40.0% 29,882.3 39.2% 29,092.5 38.9% 29,238.8 39.1% 29,681.4 39.3%

BB 2,982.1 4.1% 3,218.4 4.2% 2,943.5 4.0% 3,092.1 4.1% 2,960.9 3.9%

B and below 1,803.2 2.5% 1,914.5 2.5% 1,965.4 2.6% 1,989.0 2.7% 2,028.9 2.7%

Total fixed maturities, including securities pledged (5) 72,707.1 100.0% 76,302.4 100.0% 74,659.4 100.0% 74,735.1 100.0% 75,608.1 100.0%

(1) 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.

(2) Fixed Maturity Securities includes fixed maturities,available for sale , fixed maturities at fair value using the fair value option and securities pledged to creditors.

(3) Subprime asset-backed securities are included as a component of Non-Agency RMBS under this presentation.

(4) ARO ratings do not directly translate into NAIC ratings.

(5) Includes fixed maturities securities related to businesses exited through reinsurance where assets are retained on The Company’s balance sheet. Refer to page in “Additional Information” section.

R Revised

Voya Financial Page 53 of 70 Portfolio Results

Three Months Ended Year to Date

6/30/15 3/31/15 12/31/14 9/30/14 6/30/14 6/30/15 6/30/14

(in millions USD)

Net Investment Annualized Net Investment Annualized Net Investment Annualized Net Investment Annualized Net Investment Annualized Net Investment Annualized Net Investment Annualized Operating investment income and annualized yield (5) Income Yield Income Yield Income Yield Income Yield Income Yield Income Yield Income Yield

Fixed maturity securities (1) 830.2 5.04% 829.5 5.03% 835.1 5.05% 836.4 5.04% 827.5 4.99% 1,659.7 5.03% 1,671.3 5.00% Equity securities 1.1 1.97% 2.7 3.93% 3.1 4.64% 2.3 3.38% 3.6 5.68% 3.8 2.97% 7.4 5.66% Mortgage loans 120.3 4.80% 119.0 4.88% 118.4 4.92% 119.2 5.04% 114.8 5.03% 239.3 4.84% 229.2 5.05% Limited partnerships 21.8 7.64% 13.8 5.29% 5.9 2.26% 47.4 19.20% 36.2 14.98% 35.6 6.53% 67.6 15.20% Policy loans 26.9 5.44% 27.6 5.48% 27.8 5.42% 27.9 5.45% 27.5 5.34% 54.5 5.45% 55.5 5.38% Short-term investments 0.7 0.10% 0.9 0.11% 0.6 0.10% 0.9 0.17% 0.7 0.17% 1.6 0.10% 1.5 0.15% Derivatives (1) 9.3 N/A 8.9 N/A 7.2 N/A 3.5 N/A 1.7 N/A 18.2 N/A 3.0 N/A Pre payment fee income 16.1 0.08% 38.3 0.18% 58.0 0.28% 31.6 0.15% 21.4 0.10% 54.4 0.13% 28.9 0.07% Other assets (0.2) N/A 1.3 N/A (2.7) N/A 3.1 N/A (2.2) N/A 1.1 N/A 3.3 N/A

Gross investment income before expenses and fees 1,026.2 4.98% 1,042.0 5.05% 1,053.4 5.18% 1,072.3 5.28% 1,031.2 5.12% 2,068.2 5.02% 2,067.7 5.09%

Expenses and fees (39.7) -0.20% (39.5) -0.19% (39.0) -0.20% (41.9) -0.21% (39.7) -0.20% (79.2) -0.20% (80.0) -0.20%

Total investment income and annualized yield 986.5 4.78% 1,002.5 4.86% 1,014.4 4.98% 1,030.4 5.07% 991.5 4.92% 1,989.0 4.82% 1,987.7 4.89%

Less: Closed Block Variable Annuity (CBVA) investment income net of expenses and fees 54.7 50.9 46.5 43.0 38.9 105.6 73.7

Total investment income, excluding CBVA 931.8 951.6 967.9 987.4 952.6 1,883.4 1,914.0

Trading Gains/Losses (5)

Fixed maturities 1.4 5.1 (1.7) 15.9 (0.4) 6.5 15.7 Equity securities (0.3) 0.1 - 0.1 0.7 (0.2) 18.8 Mortgage loans 0.9 0.1 0.5 (0.1) - 1.0 0.4 Other investments 0.6 0.2 2.2 (10.1) 29.5 0.8 28.5

Total Trading Gains/Losses, excluding CBVA 2.6 5.5 1.0 5.8 29.8 8.1 63.4

Impairments (5)

Fixed maturities (7.3) (3.5) (6.4) (7.0) (2.4) (10.8) (4.7) Equity securities - (0.1) 0.1 - - (0.1) (1.0) Mortgage loans - - - - - - -Other investments - - (0.1) - - - -

Total Impairments, excluding CBVA (7.3) (3.6) (6.4) (7.0) (2.4) (10.9) (5.7)

Fair Value Adjustments (2) 8.9 65.4 50.6 6.6 64.9 74.3 124.6

Derivatives, including Change in Fair Value of Derivatives related to

Guaranteed Benefits, excluding CBVA 20.9 (67.5) (27.5) 90.9 (49.5) (46.6) (113.6)

Net Realized Investment Gains (losses) and Net Guaranteed Benefit

Hedging Gains (losses), excluding CBVA (5) 25.1 (0.2) 17.7 96.3 42.8 24.9 68.7

CBVA Investment Income and Realized Capital Gains (Losses) 200.2 (115.3) (415.8) 270.1 (298.5) 84.9 (380.8)

Businesses exited through reinsurance (3) (40.2) 37.3 67.1 (1.4) 62.9 (2.9) 79.3 Consolidation/eliminations (4) 16.8 41.7 34.5 (2.8) (3.4) 58.5 34.2

Total Investment Income and Realized Capital Gains (Losses) 1,133.7 915.1 671.4 1,349.6 756.4 2,048.8 1,715.4

(1) Operating income from CMO-B portfolio assets, including derivatives, is included in fixed maturity securities.

(2) Fair value adjustments include adjustments related to CMO-B assets carried at fair value, among other income sources.

(3) Income related to reinsurance transactions, in which investment results are passed directly to the reinsurers pursuant to contracted terms of the reinsurance agreement. (4) Consolidation/eliminations includes:

-The impact of consolidation of investment entities into the Consolidated Statements of Operations, net of the elimination of the Company’s management fees expensed by the funds and recorded as operating revenues (before consolidation) by the Company; -The elimination of intersegment expenses, primarily consisting of asset-based management and administration fees charged by our Investment Management Segment; -Other intersegment eliminations.

(5) Investment results related to businesses exited through reinsurance are excluded.

Voya Financial Page 54 of 70

Alternative Investment Income

(in millions USD) Three Months Ended Year-to-Date

6/30/15 3/31/15 12/31/14 9/30/14 6/30/14 6/30/15 6/30/14

Retirement

Average alternative investments 414.8 349.1 341.0 346.0 288.5 382.0 277.6

Alternative investment income 8.6 2.5 1.9 12.8 7.0 11.1 14.1

Annuities

Average alternative investments 260.9 231.4 214.3 214.4 190.4 246.2 184.9

Alternative investment income 5.0 1.3 2.9 10.3 5.4 6.3 11.8

Investment Management

Average alternative investments 185.7 148.3 146.9 145.6 146.9 167.0 144.3

Alternative investment income 3.4 6.1 (4.6) 9.0 8.0 9.5 15.3

Individual Life

Average alternative investments 173.6 155.8 156.8 156.0 135.3 164.7 129.6

Alternative investment income 3.7 1.1 2.0 8.2 4.1 4.8 9.6

Employee Benefits

Average alternative investments 42.0 34.7 33.5 33.2 27.0 38.4 25.6

Alternative investment income 0.9 0.2 0.2 1.5 0.7 1.1 1.5

Total Ongoing Business

Average alternative investments 1,077.0 919.3 892.5 895.2 788.1 998.3 762.0

Alternative investment income 21.6 11.2 2.4 41.8 25.2 32.8 52.3

Corporate (1)

Average alternative investments - 109.8 109.2 108.0 106.0 54.9 104.9

Alternative investment income - 2.8 3.7 3.7 4.2 2.8 4.2

Closed Blocks (2)

Average alternative investments 30.5 23.4 30.0 38.0 35.0 27.0 32.4

Alternative investment income 0.7 0.2 0.2 1.6 1.3 0.9 1.3

Total Consolidated (3)

Average alternative investments 1,107.5 1,052.5 1,031.7 1,041.2 929.1 1,080.2 899.3

Alternative investment income 22.3 14.2 6.3 47.1 30.7 36.5 30.7

(1) Effective in the second quarter of 2015, approximately $110 million of alternative assets previously allocated to excess capital in the Corporate Segment is now allocated to all segments in proportion to each segment’s target statutory capital.

(2) Our Closed Block Variable Annuity segment is managed to focus on protecting regulatory and rating agency capital rather than achieving operating metrics and, therefore, its results of operations are not reflected within investment income.

(3) Alternative investment income excludes the net investment income from Lehman Recovery/LIHTC in the 6/30/14 and 3/31/14.

Voya Financial Page 55 of 70

Unrealized Gains (Losses)

(in millions USD)

Fixed Maturities, available for sale (including securities pledged)

Aging Schedule

Balances as of

6/30/15 3/31/15 12/31/14 9/30/14 6/30/14

Amount % of Total Amount % of Total Amount % of Total Amount % of Total Amount % of Total

Less than 20% (703.7) 93.6% (206.2) 85.7% (294.0) 90.8% (344.5) 98.7% (282.1) 97.6%

20% or more for less than six months (32.6) 4.3% (30.9) 12.8% (26.5) 8.2% (0.6) 0.2% (0.5) 0.2%

20% or more for six months or greater (15.6) 2.1% (3.6) 1.5% (3.1) 1.0% (4.0) 1.1% (6.4) 2.2%

Total Unrealized Loss (751.9) 100.0% (240.7) 100.0% (323.6) 100.0% (349.1) 100.0% (289.0) 100.0%

Total Unrealized Gain 4,432.3 7,018.0 6,168.4 5,591.4 6,266.5

Net Unrealized Gain/Loss 3,680.4 6,777.3 5,844.8 5,242.3 5,977.5

Fixed Maturities Securities - Security Sector - Net Unrealized

Gain/(Loss) (1)

US Treasuries and US government agencies and authorities 502.6 775.0 684.8 466.6 450.1

US Corporate - Public 1,566.1 3,490.3 2,928.1 R 2,462.4 2,818.5

US Corporate - Private 204.9 415.4 387.2 R 372.6 458.6

Foreign Government / Agency 26.4 46.4 33.0 34.4 44.0

Foreign Corporate - Public 218.9 509.7 381.2 454.2 563.6

Foreign Corporate - Private 380.6 547.1 498.4 551.0 648.6

State, municipalities, and political subdivisions 1.2 43.8 34.9 20.0 22.3

Residential mortgaged-backed securities:

CMO-B Agency 368.4 385.3 366.7 365.7 392.6

CMO-B Non-Agency 105.6 123.1 121.8 116.1 123.6

Agency 31.0 51.6 41.3 27.8 33.6

Non-Agency 77.7 77.5 73.6 78.7 74.6

Total Residential mortgage-backed securities 582.7 637.5 603.4 588.3 624.4

Commercial Mortgage-Backed Securities 179.1 288.9 271.9 269.3 314.9

Other Asset-Backed Securities (1) 17.9 23.2 21.9 23.5 32.5

Total Net Unrealized Gain/Loss 3,680.4 6,777.3 5,844.8 5,242.3 5,977.5

(1) Subprime asset-backed securities are included as a component of Non-Agency RMBS under this presentation.

R Revised

Voya Financial Page 56 of 70

Asset Backed Securities

(in millions USD)

RMBS Balances by Collateral Type

Balances as of

6/30/15 3/31/15 12/31/14 9/30/14 6/30/14

Amortized

Amortized

Amortized

Amortized

Amortized

Fair Value Cost

Fair Value Cost

Fair Value Cost

Fair Value Cost

Fair Value Cost

Prime Agency 5,105.1 4,641.1 5,401.7 4,894.0 5,456.0 4,974.9 5,448.6 4,979.8 5,554.0 5,054.8

Prime / Non-Agency 671.4 545.3 751.1 607.4 776.8 632.2 906.2 761.1 959.6 806.0

Alt-A RMBS 367.0 313.6 392.8 334.7 408.7 351.7 325.7 269.1 337.7 279.6

Subprime Mortgage-Backed Securities 510.5 468.0 529.5 487.5 549.1 512.6 575.8 539.8 595.4 562.6

Total (1) (2) 6,654.0 5,968.0 7,075.1 6,323.6 7,190.6 6,471.4 7,256.3 6,549.8 7,446.7 6,703.0

CMBS Balances by Year of Origination

Balances as of

6/30/15 3/31/15 12/31/14 9/30/14 6/30/14

Amortized

Amortized

Amortized

Amortized

Amortized

Fair Value Cost

Fair Value Cost

Fair Value Cost

Fair Value Cost

Fair Value Cost

2015 115.5 118.7 66.3 64.8 - - - - - -

2014 631.9 623.9 687.5 639.5 640.4 613.1 384.2 377.1 181.4 176.8

2013 516.5 488.2 542.1 487.6 513.4 476.8 427.2 411.5 390.6 375.1

2012 21.4 20.8 22.0 20.7 14.6 13.9 11.0 10.7 11.1 10.7

2011 11.8 11.9 12.2 11.9 9.9 10.0 - - - -

2010 15.6 15.5 16.3 15.8 13.8 13.5 8.4 8.2 8.3 8.3

2008 10.9 9.6 11.0 9.6 11.0 9.5 11.1 9.4 11.4 9.5

2007 1,093.2 1,008.5 1,109.9 1,011.1 1,112.5 1,009.2 1,131.0 1,013.8 1,150.0 1,016.6

2006 1,134.4 1,085.4 1,156.6 1,093.0 1,166.0 1,090.9 1,186.7 1,097.5 1,216.1 1,107.3

2005 and prior 436.5 426.1 562.0 543.0 706.6 679.4 871.2 833.3 942.2 891.9

Total (1) (2) 3,987.7 3,808.6 4,185.9 3,897.0 4,188.2 3,916.3 4,030.8 3,761.5 3,911.1 3,596.2

Other ABS Balances by Loan

Classification

Balances as of

6/30/15 3/31/15 12/31/14 9/30/14 6/30/14

Amortized

Amortized

Amortized

Amortized

Amortized

Fair Value Cost

Fair Value Cost

Fair Value Cost

Fair Value Cost

Fair Value Cost

Credit Card Receivables 469.7 457.7 527.7 511.4 611.6 597.0 662.9 648.1 638.4 619.0

Automobile Receivables 145.7 145.6 170.5 170.2 182.0 181.8 279.3 278.9 424.5 423.5

CLO’s (1) 66.1 64.9 65.1 64.1 63.9 62.8 69.9 67.9 83.1 79.7

Other 201.8 197.2 184.4 178.8 203.8 197.8 236.0 229.7 259.7 251.0

Total (1) (2) 883.3 865.4 947.7 924.5 1,061.3 1,039.4 1,248.1 1,224.6 1,405.7 1,373.2

(1) Excludes consolidated CLO’s

(2) Includes fixed maturities securities related to businesses exited through reinsurance. Refer to page in “Additional Information” section.

Voya Financial Page 57 of 70

RMBS Securities Summary

(in millions USD)

RMBS (1)

By Rating and Origination Year

As of June 30, 2015

Prime Agency Prime/Non-Agency Alt-A RMBS Subprime Mortgage-Backed Total

Securities

NAIC Designation Fair Value Amortized Cost Fair Value Amortized Cost Fair Value Amortized Cost Fair Value Amortized Cost Fair Value Amortized Cost

1 5,091.9 4,626.6 447.5 392.8 322.2 276.9 449.9 405.9 6,311.5 5,702.2

2 - - 33.9 33.5 15.7 14.0 41.1 44.5 90.7 92.0

3 - - 8.8 7.3 21.9 18.9 3.3 2.6 34.0 28.8

4 13.2 14.5 2.9 0.4 3.6 1.0 14.1 13.6 33.8 29.5

5 - - 28.9 21.4 - - 1.3 0.6 30.2 22.0

6 - - 149.4 89.9 3.6 2.8 0.8 0.8 153.8 93.5

Total by rating (2) 5,105.1 4,641.1 671.4 545.3 367.0 313.6 510.5 468.0 6,654.0 5,968.0

Prime Agency Prime/Non-Agency Alt-A RMBS Subprime Mortgage-Backed Total

Securities

ARO Rating Fair Value Amortized Cost Fair Value Amortized Cost Fair Value Amortized Cost Fair Value Amortized Cost Fair Value Amortized Cost

AAA 5,076.1 4,609.6 6.1 6.0 0.1 0.1 - - 5,082.3 4,615.7

AA 2.4 2.5 22.0 20.8 0.4 0.4 2.2 2.2 27.0 25.9

A 3.8 4.0 20.3 19.2 2.4 2.1 15.8 16.0 42.3 41.3

BBB - - 56.8 56.4 10.6 10.9 30.8 32.5 98.2 99.8

BB - - 67.4 61.6 12.1 11.9 44.7 47.6 124.2 121.1

B and below 22.8 25.0 498.8 381.3 341.4 288.2 417.0 369.7 1,280.0 1,064.2

Total by rating (2) 5,105.1 4,641.1 671.4 545.3 367.0 313.6 510.5 468.0 6,654.0 5,968.0

Prime Agency Prime/Non-Agency Alt-A RMBS Subprime Mortgage-Backed Total

Securities

Origination Year Fair Value Amortized Cost Fair Value Amortized Cost Fair Value Amortized Cost Fair Value Amortized Cost Fair Value Amortized Cost

2015 29.3 29.8 - - - - - - 29.3 29.8

2014 330.8 327.8 - - - - - - 330.8 327.8

2013 902.6 878.6 - - - - - - 902.6 878.6

2012 657.8 660.6 - - - - - - 657.8 660.6

2011 750.8 723.3 - - - - - - 750.8 723.3

2010 591.9 567.4 18.3 17.6 - - - - 610.2 585.0

2009 216.1 213.6 5.6 5.8 - - - - 221.7 219.4

2008 127.1 115.2 - - - - - - 127.1 115.2

2007 305.1 272.4 122.3 109.8 82.1 71.1 155.1 132.9 664.6 586.2

2006 368.1 265.5 172.4 106.4 123.0 95.8 139.6 120.3 803.1 588.0

2005 and prior 825.5 586.9 352.8 305.7 161.9 146.7 215.8 214.8 1,556.0 1,254.1

Total by origination year (2) 5,105.1 4,641.1 671.4 545.3 367.0 313.6 510.5 468.0 6,654.0 5,968.0

(1) Subprime mortgage-backed securities are included in RMBS under this presentation.

(2) Includes fixed maturities securities related to businesses exited through reinsurance. Refer to page in “Additional Information” section.

Voya Financial Page 58 of 70

CMBS and Other Asset-Backed Securities Summary

(in millions USD)

CMBS

By Rating and Vintage

As of June 30, 2015

AAA AA A BBB BB B & Below Total

Amortized

Amortized

Amortized

Amortized

Amortized

Amortized

Origination Year

Fair Value Cost

Fair Value Cost

Fair Value Cost

Fair Value Cost

Fair Value Cost

Fair Value Cost

Fair Value Amortized Cost

2015 115.5 118.7 - - - - - - - - - - 115.5 118.7

2014 631.9 623.9 - - - - - - - - - - 631.9 623.9

2013 516.5 488.2 - - - - - - - - - - 516.5 488.2

2012 21.4 20.8 - - - - - - - - - - 21.4 20.8

2011 11.8 11.9 - - - - - - - - - - 11.8 11.9

2010 15.3 15.2 0.3 0.3 - - - - - - - - 15.6 15.5

2008 - - - - - - - - 10.9 9.6 - - 10.9 9.6

2007 118.0 111.1 258.0 244.0 148.3 140.8 228.9 201.9 185.6 176.5 154.4 134.2 1,093.2 1,008.5

2006 568.8 557.3 99.4 95.7 189.8 182.9 153.5 144.7 57.2 54.6 65.7 50.2 1,134.4 1,085.4

2005 and prior 149.1 148.1 79.3 78.8 147.9 144.9 18.3 18.0 28.3 25.6 13.6 10.7 436.5 426.1

Total by origination year (3) 2,148.3 2,095.2 437.0 418.8 486.0 468.6 400.7 364.6 282.0 266.3 233.7 195.1 3,987.7 3,808.6

Other Asset-Backed Securities (1)

By Rating and Classification

As of June 30, 2015

Credit Card Receivables Automobile Receivables CLO’s (2) Other Total

Amortized

Amortized

Amortized

Amortized

Amortized

ARO Rating

Fair Value Cost

Fair Value Cost

Fair Value Cost

Fair Value Cost

Fair Value Cost

AAA 469.7 457.7 145.7 145.6 - - 129.1 124.3 744.5 727.6

AA - - - - 27.5 26.4 7.1 7.6 34.6 34.0

A - - - - 38.6 38.5 16.4 16.6 55.0 55.1

BBB - - - - - - 49.2 48.7 49.2 48.7

BB - - - - - - - - - -

B and below - - - - - - - - - -

Total by rating (3) 469.7 457.7 145.7 145.6 66.1 64.9 201.8 197.2 883.3 865.4

Credit Card Receivables Automobile Receivables CLO’s (2) Other Total

Amortized

Amortized

Amortized

Amortized

Amortized

NAIC Designation

Fair Value Cost

Fair Value Cost

Fair Value Cost

Fair Value Cost

Fair Value Cost

1 469.7 457.7 145.7 145.6 66.1 64.9 193.3 189.2 874.8 857.4

2 - - - - - - 8.4 7.9 8.4 7.9

3 - - - - - - 0.1 0.1 0.1 0.1

4 - - - - - - - - - -

5 - - - - - - - - - -

6 - - - - - - - - - -

Total by rating (3) 469.7 457.7 145.7 145.6 66.1 64.9 201.8 197.2 883.3 865.4

(1) Subprime asset-backed securities are excluded from Other Asset-Backed Securities and included in Non-Agency RMBS under this presentation.

(2) Excludes consolidated CLO’s

(3) Includes fixed maturities securities related to businesses exited through reinsurance. Refer to page in “Additional Information” section.

Voya Financial Page 59 of 70

Mortgage Loans on Real Estate

(in millions USD)

Mortgage Loans on Real Estate by Region and Property

Type

Balances as of

6/30/15 3/31/15 12/31/14 9/30/14 6/30/14

U.S. Region Amount % of Total Amount % of Total Amount % of Total Amount % of Total Amount % of Total

Pacific 2,649.2 25.5% 2,566.5 25.2% 2,395.9 24.6% 2,490.9 25.0% 2,339.7 24.6%

South Atlantic 2,272.3 21.9% 2,214.7 21.7% 2,028.0 20.7% 2,031.3 20.4% 2,032.9 21.4%

Middle Atlantic 1,429.4 13.8% 1,447.0 14.2% 1,402.0 14.3% 1,355.1 13.6% 1,201.8 12.7%

East North Central 1,035.7 10.0% 1,049.5 10.3% 1,030.8 10.5% 1,190.5 12.0% 1,124.2 11.8%

West South Central 1,171.4 11.3% 1,145.7 11.2% 1,147.7 11.7% 1,101.6 11.1% 1,134.3 11.9%

Mountain 867.1 8.4% 852.9 8.4% 832.2 8.5% 837.8 8.4% 809.2 8.5%

West North Central 505.4 4.9% 501.8 4.9% 514.0 5.2% 528.4 5.3% 509.6 5.4%

New England 230.5 2.2% 204.8 2.0% 197.0 2.0% 182.3 1.8% 147.9 1.6%

East South Central 208.5 2.0% 214.3 2.1% 249.3 2.5% 235.2 2.4% 195.1 2.1%

Total Commercial Mortgage Loans (1) 10,369.5 100.0% 10,197.2 100.0% 9,796.9 100.0% 9,953.1 100.0% 9,494.7 100.0%

Property Type

Industrial 2,363.8 22.8% 2,177.7 21.4% 2,283.0 23.3% 2,769.3 27.8% 2,731.2 28.7%

Retail 3,717.1 35.8% 3,539.2 34.6% 3,408.4 34.8% 3,190.4 32.1% 2,949.1 31.0%

Office 1,406.5 13.6% 1,274.7 12.5% 1,246.5 12.7% 1,226.3 12.3% 1,193.3 12.6%

Apartments 1,823.0 17.6% 1,762.3 17.3% 1,680.7 17.2% 1,582.2 15.9% 1,440.5 15.2%

Hotel/Motel 399.3 3.9% 387.3 3.8% 382.7 3.9% 390.3 3.9% 414.2 4.4%

Other 553.6 5.3% 752.3 7.4% 449.1 4.6% 446.8 4.5% 416.7 4.4%

Mixed Use 106.2 1.0% 303.7 3.0% 346.5 3.5% 347.8 3.5% 349.7 3.7%

Total Commercial Mortgage Loans (1) 10,369.5 100.0% 10,197.2 100.0% 9,796.9 100.0% 9,953.1 100.0% 9,494.7 100.0%

Loan Size

Under $5 million 1,318.2 12.7% 1,376.2 13.5% 1,383.3 14.1% 1,415.3 14.2% 1,439.6 15.2%

$5 million but less than $10 million 1,618.2 15.6% 1,584.6 15.5% 1,543.8 15.8% 1,548.4 15.6% 1,587.4 16.7%

$10 million but less than $20 million 2,485.3 24.0% 2,367.2 23.2% 2,370.1 24.2% 2,262.8 22.7% 2,100.0 22.1%

$20 million but less than $30 million 1,500.2 14.5% 1,449.7 14.2% 1,307.9 13.4% 1,265.6 12.7% 1,159.5 12.2%

$30 million and over 3,447.6 33.2% 3,419.5 33.6% 3,191.8 32.5% 3,461.0 34.8% 3,208.2 33.8%

Total Commercial Mortgage Loans (1) 10,369.5 100.0% 10,197.2 100.0% 9,796.9 100.0% 9,953.1 100.0% 9,494.7 100.0%

Other Stats as ratios

LTV - Origination 60.1% 60.2% 59.9% 59.7% 59.3%

LTV - Current 55.8% 55.8% 55.4% 56.2% 55.8%

Debt Service Coverage 2.0 2.0 2.0 1.9 1.9

Other Stats in USD millions

Allowance for loan losses 2.8 2.7 2.8 3.4 3.3

(1) Total Commercial Mortgage Loans shown do not include allowance for mortgage loan credit losses

Voya Financial Page 60 of 70

U.S. and Foreign Corporate Securities

(in millions USD)

Summary of Corporate Securities by

Industry Category

Balances as of

6/30/15 3/31/15 12/31/14 9/30/14 6/30/14

Fair Value % of Total Fair Value % of Total Fair Value % of Total Fair Value % of Total Fair Value % of Total

Type Industry

Communications 3,790.4 9.1% 4,084.2 9.3% 4,073.3 9.7% 4,031.8 9.7% 4,113.4 9.8%

Financial 7,117.7 17.1% 7,661.1 17.4% 7,189.4 R 17.2% 7,231.8 17.3% 6,935.2 16.6%

Industrial and other companies 23,367.8 56.2% 23,919.3 54.4% 22,570.2 R 53.9% 22,462.8 53.8% 22,795.9 54.5%

Public Utilities 6,115.7 14.7% 7,048.6 16.0% 6,855.1 16.4% 6,869.4 16.5% 6,911.1 16.5%

Transportation 1,201.6 2.9% 1,261.4 2.9% 1,153.6 2.8% 1,108.0 2.7% 1,097.1 2.6%

Sub-total 41,593.2 100.0% 43,974.6 100.0% 41,841.6 100.0% 41,703.8 100.0% 41,852.7 100.0%

Communications 437.1 3.1% 372.5 2.6% 367.9 2.5% 368.1 2.5% 387.9 2.7%

Financial 1,006.1 7.1% 931.4 6.6% 1,100.4 R 7.6% 1,000.2 6.9% 1,013.0 7.0%

Industrial and other companies 9,241.7 64.9% 9,192.4 64.8% 9,363.9 R 64.8% 9,317.6 64.3% 9,394.6 64.9%

Private Utilities 3,049.5 21.5% 3,196.4 22.5% 3,131.4 21.7% 3,319.7 22.9% 3,226.8 22.3%

Transportation 477.1 3.4% 493.7 3.5% 488.5 3.4% 489.3 3.4% 443.3 3.1%

Sub-total 14,211.5 100.0% 14,186.4 100.0% 14,452.1 100.0% 14,494.9 100.0% 14,465.6 100.0%

Communications 4,227.5 7.6% 4,456.7 7.7% 4,441.2 7.9% 4,399.9 7.8% 4,501.3 8.0%

Financial 8,123.8 14.6% 8,592.5 14.8% 8,289.8 14.7% 8,232.0 14.6% 7,948.2 14.1%

Total Industrial and other companies 32,609.5 58.4% 33,111.7 56.9% 31,934.1 56.8% 31,780.4 56.7% 32,190.5 57.2%

Utilities 9,165.2 16.4% 10,245.0 17.6% 9,986.5 17.7% 10,189.1 18.1% 10,137.9 18.0%

Transportation 1,678.7 3.0% 1,755.1 3.0% 1,642.1 2.9% 1,597.3 2.8% 1,540.4 2.7%

Total 55,804.7 100.0% 58,161.0 100.0% 56,293.7 100.0% 56,198.7 100.0% 56,318.3 100.0%

R Revised

Voya Financial Page 61 of 70

Exposure to European Debt-Fixed Maturities and Equity Securities

(in millions USD)

Exposure to Select European Countries Sovereign Debt Corporate - Financial Corporate - Non-Financial Total Total

As of June 30, 2015 Fair Value % of Total Fair Value % of Total Fair Value % of Total Fair Value % of Total Amortized Cost % of Total

Ireland - 0.0% - 0.0% 193.5 2.6% 193.5 2.2% 177.4 2.2%

Italy - 0.0% - 0.0% 274.0 3.7% 274.0 3.2% 254.1 3.1%

Portugal - 0.0% - 0.0% 10.2 0.1% 10.2 0.1% 8.2 0.1%

Spain - 0.0% - 0.0% 173.4 2.3% 173.4 2.0% 155.4 1.9%

Total Peripheral Euro-Zone - 0.0% - 0.0% 651.1 8.7% 651.1 7.5% 595.1 7.3%

Austria - 0.0% - 0.0% - 0.0% - 0.0% - 0.0%

Belgium 36.5 16.9% - 0.0% 280.3 3.8% 316.8 3.7% 272.4 3.3%

Bulgaria - 0.0% - 0.0% - 0.0% - 0.0% - 0.0%

Croatia 28.0 12.9% - 0.0% - 0.0% 28.0 0.3% 25.6 0.3%

Czech Republic - 0.0% - 0.0% 10.4 0.1% 10.4 0.1% 10.1 0.1%

Denmark - 0.0% - 0.0% 129.0 1.7% 129.0 1.5% 121.5 1.5%

Finland - 0.0% - 0.0% 18.0 0.2% 18.0 0.2% 17.0 0.2%

France - 0.0% 139.3 14.3% 438.6 5.9% 577.9 6.7% 549.0 6.7%

Germany - 0.0% 24.9 2.6% 782.1 10.6% 807.0 9.4% 782.9 9.6%

Hungary - 0.0% - 0.0% - 0.0% - 0.0% - 0.0%

Iceland - 0.0% - 0.0% - 0.0% - 0.0% - 0.0%

Kazakhstan 34.2 15.8% 1.2 0.1% 22.9 0.3% 58.3 0.7% 58.5 0.7%

Latvia 4.8 2.2% - 0.0% - 0.0% 4.8 0.1% 4.6 0.1%

Lithuania 34.0 15.7% - 0.0% - 0.0% 34.0 0.4% 30.2 0.4%

Luxembourg - 0.0% - 0.0% 43.7 0.6% 43.7 0.5% 41.2 0.5%

Netherlands - 0.0% 183.0 18.8% 980.5 13.3% 1,163.5 13.5% 1,101.0 13.5%

Norway - 0.0% - 0.0% 270.2 3.6% 270.2 3.1% 262.6 3.2%

Russian Federation 55.8 25.8% 4.9 0.5% 86.7 1.2% 147.4 1.7% 142.4 1.7%

Slovakia 5.5 2.5% - 0.0% - 0.0% 5.5 0.1% 5.0 0.1%

Slovenia - 0.0% - 0.0% - 0.0% - 0.0% - 0.0%

Sweden - 0.0% 33.3 3.4% 84.5 1.1% 117.8 1.4% 109.6 1.3%

Switzerland - 0.0% 245.6 25.2% 609.9 8.2% 855.5 9.9% 811.5 9.9%

Turkey 17.8 8.2% - 0.0% 59.5 0.8% 77.3 0.9% 76.4 0.9%

United Kingdom - 0.0% 342.2 35.1% 2,957.5 39.9% 3,299.7 38.3% 3,163.7 38.7%

Total Non-Peripheral Europe 216.6 100.0% 974.4 100.0% 6,773.8 91.3% 7,964.8 92.5% 7,585.2 92.7%

Total Europe 216.6 100.0% 974.4 100.0% 7,424.9 100.0% 8,615.9 100.0% 8,180.3 100.0%

Additional Information

Voya Financial Page 63 of 70

Adjustments to Operating Earnings by Segment

(in millions USD) Three Months Ended Year-to-Date

6/30/15 3/31/15 12/31/14 9/30/14 6/30/14 6/30/15 6/30/14

DAC/VOBA and other intangibles unlocking

Retirement 3.5 (4.2) 4.6 (30.4) 7.1 (0.7) (4.2)

Annuities 5.0 9.5 (1.1) 17.8 6.5 14.5 9.7

Investment Management - - - - - - -

Individual Life (14.6) 0.1 5.5 (7.1) (1.5) (14.5) (8.6)

Employee Benefits (0.9) (0.7) - (1.4) (1.8) (1.6) (6.4)

Ongoing Business (7.0) 4.7 9.0 (21.1) 10.3 (2.3) (9.5)

Corporate - - - - - - -

Total Closed Blocks - - - - - - -

Total DAC/VOBA and other intangibles unlocking (7.0) 4.7 9.0 (21.1) 10.3 (2.3) (9.5)

Additional adjustments (1)

Retirement - - - - - - -

Annuities - - - - - - -

Investment Management - - - - - - -

Individual Life - - 20.0 - - - -

Employee Benefits - - - - - - -

Ongoing Business - - 20.0 - - - -

Corporate (49.9) (48.0) (47.4) (46.8) (41.0) (97.9) (89.7)

Total Closed Blocks - - - - - - -

Total non-recurring items and interest expense (49.9) (48.0) (27.4) (46.8) (41.0) (97.9) (89.7)

Total adjustments to operating earnings

Retirement 3.5 (4.2) 4.6 (30.4) 7.1 (0.7) (4.2)

Annuities 5.0 9.5 (1.1) 17.8 6.5 14.5 9.7

Investment Management - - - - - - -

Individual Life (14.6) 0.1 25.5 (7.1) (1.5) (14.5) (8.6)

Employee Benefits (0.9) (0.7) - (1.4) (1.8) (1.6) (6.4)

Ongoing Business (7.0) 4.7 29.0 (21.1) 10.3 (2.3) (9.5)

Corporate (49.9) (48.0) (47.4) (46.8) (41.0) (97.9) (89.7)

Total Closed Blocks - - - - - - -

Total adjustments to operating earnings (56.9) (43.3) (18.4) (67.9) (30.7) (100.2) (99.2)

(1) Additional adjustments include impact of interest expenses, the Net gain (loss) from Lehman Recovery/LIHTC, and the Gain on reinsurance recapture

Voya Financial Page 64 of 70 Calculation and Reconciliation of ROE and ROC

Three Months Ended Twelve Months Ended 6/30/15 3/31/15 12/31/14 9/30/14 6/30/14 6/30/15 12/31/14

(in millions USD, unless otherwise indicated)

GAAP Return on Equity (Quarter to Date)

Net income (loss) available to Voya Financial, Inc.’s common shareholders 285.2 189.6 1,378.8 405.8 248.3 2,259.4 2,295.0

Voya Financial, Inc. shareholders’ equity: end of period 14,856 16,144 16,146 14,639 14,867 14,856 16,146

Voya Financial, Inc. shareholders’ equity: average for period 15,500 16,145 15,393 14,753 14,458 15,448 14,571

GAAP Return on Equity 7.4% 4.7% 35.8% 11.0% 6.9% 14.6% 15.8%

Ongoing Business Adjusted Operating Return on Capital and Adjusted Operating Return on Equity

Ongoing Business adjusted operating earnings before income taxes 318.8 319.3 392.8 352.0 345.8 1,382.9 1,377.9

Income taxes on adjusted operating earnings (1) (102.0) (102.2) (137.5) (123.2) (121.0) (464.8) (482.2) Ongoing Business adjusted operating earnings after income taxes 216.8 217.1 255.3 228.8 224.8 918.1 895.7 Interest expense after-tax (2) (20.9) (20.9) (18.7) (19.5) (19.5) (80.0) (77.3)

Ongoing Business adjusted operating earnings after income taxes and interest expense 195.9 196.2 236.6 209.3 205.3 838.1 818.4

End of period capital for Ongoing Business 8,841 8,864 8,777 9,115 9,063 8,841 8,777

Average capital for Ongoing Business 8,852 8,819 8,763 9,089 9,092 8,881 9,028 Average debt (based on 25% debt-to-capital ratio) (2,213) (2,205) (2,191) (2,272) (2,273) (2,220) (2,257)

Average equity for Ongoing Business 6,639 6,614 6,572 6,817 6,819 6,661 6,771

Adjusted Operating Return on Capital for Ongoing Business 9.8% 9.8% 11.7% 10.1% 9.9% 10.3% 9.9% Adjusted Operating Return on Equity for Ongoing Business (2) 11.8% 11.9% 14.4% 12.3% 12.0% 12.6% 12.1%

(1) Beginning with the three months ending March 31, 2015, Income tax expense is based on an assumed effective tax rate of 32%, compared

to an assumed effective tax rate of 35% for prior periods.

(2) Assumes debt-to-capital ratio of 25%

Voya Financial Page 65 of 70 Operating Revenues by Segment

Three Months Ended Year-to-Date

(in millions USD) 6/30/15 3/31/15 12/31/14 9/30/14 6/30/14 6/30/15 6/30/14

Retirement 593.8 600.5 630.3 605.7 592.9 1,194.3 1,191.4 Annuities 310.4 315.6 323.6 344.6 330.8 626.0 685.2 Investment Management 158.6 163.1 163.4 168.3 163.2 321.7 323.7 Individual Life 662.9 668.8 646.6 679.1 699.9 1,331.7 1,392.1 Employee Benefits 376.2 370.9 345.7 345.9 342.5 747.1 681.4

Ongoing Business 2,101.9 2,118.9 2,109.6 2,143.6 2,129.3 4,220.8 4,273.8

Corporate 18.6 20.4 19.5 22.9 23.6 39.0 48.9

Total Closed Blocks 16.0 21.9 27.7 25.4 24.0 37.9 49.6

Total operating revenues 2,136.5 2,161.2 2,156.8 2,191.9 2,176.9 4,297.7 4,372.3

Adjustments:

Closed Block Variable Annuity 658.5 264.4 193.7 665.6 114.1 922.9 402.7 Net realized investment gains (losses) and related charges and adjustments (19.1) 53.1 51.9 48.2 67.0 34.0 116.6 Gain (loss) on change in fair value of derivatives related to guaranteed benefits 44.4 (53.6) (30.5) 48.2 (24.3) (9.2) (48.2) Revenues (losses) related to business exited through reinsurance or divestment (52.2) 40.6 68.2 (4.8) 66.9 (11.6) 85.9 Revenues (loss) attributable to noncontrolling interests 159.8 89.8 0.2 174.9 219.1 249.6 279.9 Other adjustments to operating revenues (1) 75.5 72.1 80.4

66.0 75.5 141.5 165.8

Total revenue 2,993.9 2,631.0 2,515.8 3,196.1 2,700.1 5,624.9 5,375.0

(1) Other adjustments to operating revenue includes: Fee income earned by

the Company’s broker-dealers for sales of non-proprietary products, which

are reflected net of commission expense in the Company’s segments’

operating revenues, as well as other items where the income is passed on

to third parties.

Voya Financial Page 66 of 70

Ongoing Business Sources of Earnings Reconciliation

(in millions USD) Three Months Ended Year-to-Date

6/30/15 3/31/15 12/31/14 9/30/14 6/30/14 6/30/15 6/30/14

Investment spread and other investment income:

Net investment income and net realized gains (losses)

Retirement 382.1 388.9 394.4 393.6 379.6 771.0 768.1

Annuities 263.2 267.0 280.9 282.3 275.8 530.2 546.4

Investment Management 3.4 6.1 (4.6) 9.0 8.0 9.5 15.3

Individual Life 220.8 222.4 223.5 226.3 215.5 443.2 435.3

Employee Benefits 28.0 26.5 27.8 29.1 27.7 54.5 54.4

Total net investment income and net realized gains (losses) 897.5 910.9 922.0 940.3 906.6 1,808.4 1,819.5

Total Ongoing Business 897.5 910.9 922.0 940.3 906.6 1,808.4 1,819.5

Adjustments:

Interest credited (519.6) (515.7) (529.1) (539.2) (540.4) (1,035.3) (1,082.3)

Credit facility fees (2.3) (2.0) (2.0) (2.6) (2.6) (4.3) (5.5)

Other (3.0) (4.6) (4.0) (4.3) (1.7) (7.6) (7.9)

Total adjustments (524.9) (522.3) (535.1) (546.1) (544.7) (1,047.2) (1,095.7)

Ongoing investment spread and other investment income 372.6 388.6 386.9 394.2 361.9 761.2 723.8

Fee based margin:

Fee income

Retirement 188.9 186.9 194.8 193.5 192.9 375.8 384.0

Annuities 16.0 15.2 14.6 15.0 14.2 31.2 27.4

Investment Management 147.6 146.9 148.7 149.5 147.1 294.5 292.9

Individual Life 287.0 295.3 273.2 269.3 285.5 582.3 569.1

Employee Benefits 15.5 15.8 15.4 23.9 14.7 31.3 30.3

Total Fee Income 655.0 660.1 646.7 651.2 654.4 1,315.1 1,303.7

Other revenue

Retirement 19.1 14.0 19.3 17.9 17.0 33.1 35.2

Annuities 3.9 3.6 3.4 4.6 5.3 7.5 9.8

Investment Management 7.6 10.1 19.3 9.8 8.1 17.7 15.5

Individual Life 3.7 4.5 4.8 4.4 7.2 8.2 12.3

Employee Benefits (1.7) (1.4) (0.9) (0.8) (2.7) (3.1) (2.4)

Total other revenue 32.6 30.8 45.9 35.9 34.9 63.4 70.4

Total Ongoing Business 687.6 690.9 692.6 687.1 689.3 1,378.5 1,374.1

Adjustments:

Surrender fees and MVA charges (7.2) (2.3) (5.2) (8.2) (7.1) (9.5) (14.9)

Insurance Solutions FAS 97 fees and unearned revenue reserve amortization/unlocking (297.0) (305.4) (282.9) (287.4) (294.1) (602.4) (585.8)

Other (0.3) (1.2) (1.0) (1.7) (2.8) (1.5) (6.9)

Total adjustments (304.5) (308.9) (289.1) (297.3) (304.0) (613.4) (607.6)

Ongoing fee based margin 383.1 382.0 403.5 389.8 385.3 765.1 766.5

Voya Financial Page 67 of 70

Ongoing Business Sources of Earnings Reconciliation

(in millions USD) Three Months Ended Year-to-Date

6/30/15 3/31/15 12/31/14 9/30/14 6/30/14 6/30/15 6/30/14

Net underwriting gain (loss) and other revenue:

Premiums

Retirement 3.7 10.7 21.8 0.7 3.4 14.4 4.1

Annuities 27.3 29.8 24.7 42.7 35.5 57.1 101.6

Investment Management - - - - - - -

Individual Life 151.4 146.6 145.1 179.1 191.7 298.0 375.4

Employee Benefits 334.4 330.0 303.4 293.7 302.8 664.4 599.1

Total premiums 516.8 517.1 495.0 516.2 533.4 1,033.9 1,080.2

Interest credited and other policyholder benefits

Retirement (214.2) (216.6) (230.9) (209.4) (209.3) (430.8) (420.0)

Annuities (177.3) (175.4) (181.8) (204.1) (197.4) (352.7) (427.2)

Investment Management - - - - - - -

Individual Life (495.8) (490.6) (455.7) (632.8) (499.3) (986.4) (1,027.1)

Employee Benefits (260.1) (255.4) (220.9) (235.7) (239.6) (515.5) (484.1)

Total interest credited and other policyholder benefits (1,147.4) (1,138.0) (1,089.3) (1,282.0) (1,145.6) (2,285.4) (2,358.4)

Total Ongoing Business (630.6) (620.9) (594.3) (765.8) (612.2) (1,251.5) (1,278.2)

Adjustments:

Interest credited 519.6 515.7 529.1 539.2 540.4 1,035.3 1,082.3

Surrender fees and MVA charges 7.2 2.3 5.2 8.2 7.1 9.5 14.9

Insurance Solutions FAS 97 fees and unearned revenue reserve amortization/unlocking 294.4 306.2 301.1 297.5 293.9 600.6 581.9

Sales inducements amortization and unlocking 9.0 7.2 9.6 4.8 7.6 16.2 15.9

FAS 113 and SOP 03-1 amortization and unlocking 15.1 (0.2) 18.0 113.5 0.4 14.9 7.1

Credit facility fees (21.8) (21.6) (21.1) (22.7) (22.0) (43.4) (44.2)

Other 4.2 2.4 3.4 6.8 4.2 6.6 13.3

Total adjustments 827.7 812.0 845.3 947.3 831.6 1,639.7 1,671.2

Ongoing net underwriting gain (loss) and other revenue 197.1 191.1 251.0 181.5 219.4 388.2 393.0

Voya Financial Page 68 of 70

Ongoing Business Sources of Earnings Reconciliation

(in millions USD) Three Months Ended Year-to-Date

6/30/15 3/31/15 12/31/14 9/30/14 6/30/14 6/30/15 6/30/14

Administrative expenses and trail commissions:

Operating and interest expense

Retirement (221.3) (219.8) (214.3) (208.6) (217.3) (441.1) (443.3)

Annuities (38.4) (37.6) (32.9) (34.8) (36.6) (76.0) (72.1)

Investment Management (111.6) (116.2) (116.4) (109.7) (108.3) (227.8) (219.0)

Individual Life (85.4) (92.3) (83.5) (88.7) (91.3) (177.7) (187.0)

Employee Benefits (73.3) (70.3) (64.5) (60.9) (60.9) (143.6) (129.3)

Total operating and interest expense (530.0) (536.2) (511.6) (502.7) (514.4) (1,066.2) (1,050.7)

Total Ongoing Business (530.0) (536.2) (511.6) (502.7) (514.4) (1,066.2) (1,050.7)

Adjustments:

Credit facility fees 24.1 23.6 23.1 25.3 24.6 47.7 49.7

Other (0.7) 3.5 1.5 (0.6) 0.8 2.8 1.9

Total adjustments 23.4 27.1 24.6 24.7 25.4 50.5 51.6

Ongoing administrative expenses and trail commissions (506.6) (509.1) (487.0) (478.0) (489.0) (1,015.7) (999.1)

DAC/VOBA and other intangibles amortization and unlocking:

Net amortization of DAC/VOBA

Retirement (29.9) (39.6) (35.2) (70.5) (30.5) (69.5) (77.4)

Annuities (33.7) (34.0) (44.2) (27.4) (32.6) (67.7) (66.9)

Investment Management - - - - - - -

Individual Life (44.0) (42.5) (4.4) 82.2 (45.9) (86.5) (83.5)

Employee Benefits (5.1) (4.6) (3.1) (12.3) (4.2) (9.7) (13.3)

Total net amortization of DAC/VOBA (112.7) (120.7) (86.9) (28.0) (113.2) (233.4) (241.1)

Total Ongoing Business (112.7) (120.7) (86.9) (28.0) (113.2) (233.4) (241.1)

Adjustments

Sales inducements amortization and unlocking (9.0) (7.2) (9.6) (4.8) (7.6) (16.2) (15.9)

FAS 113 and SOP 03-1 amortization and unlocking (15.1) 0.2 (18.0) (113.5) (0.4) (14.9) (7.1)

Unearned revenue reserve amortization and unlocking 2.6 (0.8) (18.2) (10.1) 0.2 1.8 3.9

Other (0.2) (0.1) 0.1 (0.2) (0.5) (0.3) (0.4)

Total adjustments (21.7) (7.9) (45.7) (128.6) (8.3) (29.6) (19.5)

Ongoing DAC/VOBA and other intangibles amortization and unlocking (134.4) (128.6) (132.6) (156.6) (121.5) (263.0) (260.6)

Voya Financial Page 69 of 70

Fixed Maturity Securities - Businesses Exited Through Reinsurance

(in millions USD)

Total investments, after consolidation (See Portfolio Composition page), include the

following amounts related to businesses exited through reinsurance where assets are

retained on The Company’s balance sheet:

Balances as of

6/30/15 3/31/15 12/31/14 9/30/14 6/30/14

Fixed Maturity Securities - Businesses Exited Through Reinsurance

Security Sector

U.S. Government agencies and authorities 61.9 71.1 70.3 64.7 73.3

U.S. Corporate - Public 1,353.0 1,411.8 1,397.3 1,379.4 1,437.7

Foreign Government / Agency - - - - -

Foreign Corporate - Public 192.3 203.6 201.4 216.1 225.9

State, municipalities and political subdivisions 106.5 114.1 112.7 109.2 108.8

Residential mortgaged-backed securities:

Agency 61.5 68.1 70.0 73.3 77.4

Non - Agency 79.1 88.0 99.1 102.9 100.6

Total Residential mortgage-backed securities 140.6 156.1 169.1 176.2 178.0

Commercial mortgage-backed securities 69.0 74.6 81.4 95.8 109.7

Other asset-backed securities 93.4 93.2 93.0 94.0 95.6

Total fixed maturities, including securities pledged 2,016.7 2,124.5 2,125.2 2,135.4 2,229.0

Fixed Maturity Securities - Businesses Exited Through Reinsurance as of June 30, 2015

By ARO Rating

Total AAA AA A BBB BB B & Below

Residential mortgaged-backed securities:

Agency 61.5 61.5 - - - - -

Non - Agency 79.1 - - - 0.4 0.1 78.6

Total Residential mortgage-backed securities 140.6 61.5 - - 0.4 0.1 78.6

Commercial mortgage-backed securities 69.0 24.4 3.7 9.7 19.0 5.3 6.9

Other asset-backed securities 93.4 15.7 24.2 41.8 11.7 - -

Total Structured securities 303.0 101.6 27.9 51.5 31.1 5.4 85.5

Non-structured securities 1,713.7 115.6 187.9 840.3 567.0 2.9 -

Total fixed maturities securities 2,016.7 217.2 215.8 891.8 598.1 8.3 85.5

Fixed Maturity Securities - Businesses Exited Through Reinsurance as of March 31, 2015

By ARO Rating

Total AAA AA A BBB BB B & Below

Residential mortgaged-backed securities:

Agency 68.1 68.1 - - - - -

Non - Agency 88.0 - - - 0.4 0.2 87.4

Total Residential mortgage-backed securities 156.1 68.1 - - 0.4 0.2 87.4

Commercial mortgage-backed securities 74.6 27.9 4.7 9.9 19.7 5.5 6.9

Other asset-backed securities 93.2 16.1 24.1 41.0 12.0 - -

Total Structured securities 323.9 112.1 28.8 50.9 32.1 5.7 94.3

Non-structured securities 1,800.6 125.9 196.2 885.1 590.5 2.9 -

Total fixed maturities securities 2,124.5 238.0 225.0 936.0 622.6 8.6 94.3

Fixed Maturity Securities - Businesses Exited Through Reinsurance as of June 30, 2015

By NAIC Designation

Total 1 2 3 4 5 6

Residential mortgaged-backed securities:

Agency 61.5 61.5 - - - - -

Non - Agency 79.1 79.0 - - 0.1 - -

Total Residential mortgage-backed securities 140.6 140.5 - - 0.1 - -

Commercial mortgage-backed securities 69.0 69.0 - - - - -

Other asset-backed securities 93.4 93.4 - - - - -

Total Structured securities 303.0 302.9 - - 0.1 - -

Non-structured securities 1,713.7 1,144.2 566.6 2.9 - - -

Total fixed maturities securities 2,016.7 1,447.1 566.6 2.9 0.1 - -

Fixed Maturity Securities - Businesses Exited Through Reinsurance as of March 31, 2015

By NAIC Designation

Total 1 2 3 4 5 6

Residential mortgaged-backed securities:

Agency 68.1 68.1 - - - - -

Non - Agency 88.0 87.8 - - 0.2 - -

Total Residential mortgage-backed securities 156.1 155.9 - - 0.2 - -

Commercial mortgage-backed securities 74.6 74.6 - - - - -

Other asset-backed securities 93.2 93.2 - - - - -

Total Structured securities 323.9 323.7 - - 0.2 - -

Non-structured securities 1,800.6 1,207.7 590.0 2.9 - - -

Total fixed maturities securities 2,124.5 1,531.4 590.0 2.9 0.2 - -

Voya Financial Page 70 of 70

Ratings

A.M. Best

Fitch

Standard & Poor’s

Moody’s

Insurance Financial Strength Ratings

Voya Retirement Insurance and Annuity Company A A A A2

Voya Insurance and Annuity Company A A A A2

Midwestern United Life Insurance Company A- NR A NR

ReliaStar Life Insurance Company A A A A2

ReliaStar Life Insurance Company of New York A A A A2

Security Life of Denver Insurance Company A A A A2

Credit Ratings

Voya Financial, Inc.

Long-Term Issuer Credit bbb BBB+ BBB Baa2

Long-Term Senior Unsecured Debt bbb BBB BBB Baa2

Junior Subordinated Debt bb+ BB+ BB+ Baa3 (hyb)

Voya Holdings, Inc.

Long-Term Issuer Credit NR NR BBB Baa2

Investor Information

Corporate Offices:

Voya Financial

230 Park Avenue

New York, New York 10169

NYSE Ticker:

VOYA

Media Contact:

Christopher Breslin

212-309-8941

Christopher.Breslin@voya.com

Web Site: investors.voya.com

Investor Contact:

Darin Arita

212-309-8999 IR@voya.com