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Condensed Consolidating Financial Information
3 Months Ended
Mar. 31, 2014
Condensed Financial Information of Parent Company Only Disclosure [Abstract]  
Condensed Consolidating Financial Information
Condensed Consolidating Financial Information

The accompanying condensed consolidating financial information has been prepared and presented pursuant to SEC Regulation S-X, Rule 3-10, "Financial Statements of Guarantors and Issuers of Guaranteed Securities Registered or Being Registered" ("Rule 3-10"). The condensed consolidating financial information presents the financial position of Voya Financial, Inc. ("Parent Issuer"), Lion Holdings ("Subsidiary Guarantor") and all other subsidiaries ("Non-Guarantor Subsidiaries") of the Company at March 31, 2014 and December 31, 2013, their results of operations and comprehensive income for the three months ended March 31, 2014 and 2013 and their statements of cash flows for the three months ended March 31, 2014 and 2013.

The 5.5% senior notes due 2022, the 2.9% senior notes due 2018 and the 5.7% senior notes due 2043 (collectively, the "Senior Notes") are fully and unconditionally guaranteed by Lion Holdings, a 100% owned subsidiary of the Company. No other subsidiary of Voya Financial, Inc. guarantees the Senior Notes. Rule 3-10(h) provides that a guarantee is full and unconditional if, when the issuer of a guaranteed security has failed to make a scheduled payment, the guarantor is obligated to make the scheduled payment immediately and, if it does not, any holder of the guaranteed security may immediately bring suit directly against the guarantor for payment of all amounts due and payable. In the event that Lion Holdings does not fulfill the guaranteed obligations, any holder of the Senior Notes may immediately bring a claim against Lion Holdings for all amounts due and payable. See Note 12. Insurance Subsidiaries in the Company's Annual Report on Form 10-K for the year ended December 31, 2013 for information on any significant restrictions on the ability of the Parent Issuer or Subsidiary Guarantor to obtain funds from its subsidiaries by dividend or return of capital.

The following condensed consolidating financial information is presented in conformance with the components of the Condensed Consolidated Financial Statements. Investments in subsidiaries are accounted for using the equity method for purposes of illustrating the consolidating presentation. Equity in the subsidiaries is therefore reflected in the Parent Issuer's and Subsidiary Guarantor's Investment in subsidiaries and Equity in earnings of subsidiaries. Non-Guarantor Subsidiaries represent all other subsidiaries on a combined basis. The consolidating adjustments presented herein eliminate investments in subsidiaries and intercompany balances and transactions.

Condensed Consolidating Balance Sheet
March 31, 2014
 
Parent Issuer
 
Subsidiary Guarantor
 
Non-Guarantor Subsidiaries
 
Consolidating Adjustments
 
Consolidated
Assets:
 
 
 
 
 
 
 
 
 
Investments:
 
 
 
 
 
 
 
 
 
Fixed maturities, available-for-sale, at fair value
$

 
$

 
$
70,465.1

 
$
(15.4
)
 
$
70,449.7

Fixed maturities, at fair value using the fair value option

 

 
3,082.1

 

 
3,082.1

Equity securities, available-for-sale, at fair value
80.9

 
4.4

 
191.3

 

 
276.6

Short-term investments
21.0

 

 
1,025.2

 

 
1,046.2

Mortgage loans on real estate, net of valuation allowance

 

 
9,258.1

 

 
9,258.1

Policy loans

 

 
2,119.7

 

 
2,119.7

Limited partnerships/corporations

 

 
218.9

 

 
218.9

Derivatives
66.9

 

 
1,155.1

 
(177.3
)
 
1,044.7

Investments in subsidiaries
16,071.5

 
13,215.8

 

 
(29,287.3
)
 

Other investments

 
0.2

 
123.9

 

 
124.1

Securities pledged

 

 
1,271.3

 

 
1,271.3

Total investments
16,240.3

 
13,220.4

 
88,910.7

 
(29,480.0
)
 
88,891.4

Cash and cash equivalents
441.5

 
1.5

 
2,056.8

 

 
2,499.8

Short-term investments under securities loan agreements, including collateral delivered
30.7

 

 
548.0

 
(20.1
)
 
558.6

Accrued investment income

 

 
935.6

 

 
935.6

Reinsurance recoverable

 

 
6,785.8

 

 
6,785.8

Deferred policy acquisition costs and Value of business acquired

 

 
4,860.8

 

 
4,860.8

Sales inducements to contract holders

 

 
258.6

 

 
258.6

Goodwill and other intangible assets

 

 
312.5

 

 
312.5

Loans to subsidiaries and affiliates
370.0

 
0.1

 
180.6

 
(550.7
)
 

Due from subsidiaries and affiliates
15.5

 
1.0

 
15.1

 
(31.6
)
 

Other assets
57.4

 

 
959.4

 
(0.7
)
 
1,016.1

Assets related to consolidated investment entities:
 
 
 
 
 
 
 
 
 
Limited partnerships/corporations, at fair value

 

 
3,382.4

 

 
3,382.4

Cash and cash equivalents

 

 
570.0

 

 
570.0

Corporate loans, at fair value using the fair value option

 

 
5,490.7

 

 
5,490.7

Other assets

 

 
108.4

 

 
108.4

Assets held in separate accounts

 

 
107,840.0

 

 
107,840.0

Total assets
$
17,155.4

 
$
13,223.0

 
$
223,215.4

 
$
(30,083.1
)
 
$
223,510.7



Condensed Consolidating Balance Sheet
March 31, 2014
 
Parent Issuer
 
Subsidiary Guarantor
 
Non-Guarantor Subsidiaries
 
Consolidating Adjustments
 
Consolidated
Liabilities and Shareholders' Equity:
 
 
 
 
 
 
 
 
 
Future policy benefits
$

 
$

 
$
14,532.6

 
$

 
$
14,532.6

Contract owner account balances

 

 
69,723.5

 

 
69,723.5

Payables under securities loan agreement, including collateral held

 

 
864.5

 

 
864.5

Short-term debt with affiliates
180.0

 
260.5

 
109.5

 
(550.0
)
 

Long-term debt
2,996.8

 
514.8

 
18.8

 
(15.4
)
 
3,515.0

Funds held under reinsurance agreements

 

 
1,174.5

 

 
1,174.5

Derivatives
110.4

 

 
1,080.4

 
(177.3
)
 
1,013.5

Pension and other post-employment provisions

 

 
467.5

 

 
467.5

Current income taxes
1.8

 
13.9

 
(12.2
)
 

 
3.5

Deferred income taxes
(210.1
)
 
0.3

 
481.9

 

 
272.1

Due to subsidiaries and affiliates
13.6

 
1.5

 
1.5

 
(16.6
)
 

Other liabilities
61.4

 
5.5

 
1,212.6

 
(36.5
)
 
1,243.0

Liabilities related to consolidated investment entities:
 
 
 
 
 
 
 
 
 
Collateralized loan obligations notes, at fair value using the fair value option

 

 
5,525.5

 

 
5,525.5

Other liabilities

 

 
967.5

 

 
967.5

Liabilities related to separate accounts

 

 
107,840.0

 

 
107,840.0

Total liabilities
3,153.9

 
796.5

 
203,988.1

 
(795.8
)
 
207,142.7

Shareholders' equity:
 
 
 
 
 
 
 
 
 
Total Voya Financial, Inc. shareholders' equity
14,001.5

 
12,426.5

 
16,860.8

 
(29,287.3
)
 
14,001.5

Noncontrolling interest

 

 
2,366.5

 

 
2,366.5

Total shareholders' equity
14,001.5

 
12,426.5

 
19,227.3

 
(29,287.3
)
 
16,368.0

Total liabilities and shareholders' equity
$
17,155.4

 
$
13,223.0

 
$
223,215.4

 
$
(30,083.1
)
 
$
223,510.7


Condensed Consolidating Balance Sheet
December 31, 2013
 
Parent Issuer
 
Subsidiary Guarantor
 
Non-Guarantor Subsidiaries
 
Consolidating Adjustments
 
Consolidated
Assets:
 
 
 
 
 
 
 
 
 
Investments:
 
 
 
 
 
 
 
 
 
Fixed maturities, available-for-sale, at fair value
$

 
$

 
$
68,333.2

 
$
(15.4
)
 
$
68,317.8

Fixed maturities, at fair value using the fair value option

 

 
2,935.3

 

 
2,935.3

Equity securities, available-for-sale, at fair value
76.6

 
20.6

 
217.2

 

 
314.4

Short-term investments

 

 
1,048.1

 

 
1,048.1

Mortgage loans on real estate, net of valuation allowance

 

 
9,312.2

 

 
9,312.2

Policy loans

 

 
2,147.0

 

 
2,147.0

Limited partnerships/corporations

 

 
236.4

 

 
236.4

Derivatives
69.9

 

 
1,261.8

 
(182.4
)
 
1,149.3

Investments in subsidiaries
15,103.8

 
12,572.7

 

 
(27,676.5
)
 

Other investments

 
0.4

 
124.2

 

 
124.6

Securities pledged

 

 
1,465.7

 

 
1,465.7

Total investments
15,250.3

 
12,593.7

 
87,081.1

 
(27,874.3
)
 
87,050.8

Cash and cash equivalents
640.2

 
1.1

 
2,199.5

 

 
2,840.8

Short-term investments under securities loan agreements, including collateral delivered
30.7

 

 
542.3

 
(20.1
)
 
552.9

Accrued investment income

 

 
897.1

 

 
897.1

Reinsurance recoverable

 

 
6,702.2

 

 
6,702.2

Deferred policy acquisition costs and Value of business acquired

 

 
5,351.6

 

 
5,351.6

Sales inducements to contract holders

 

 
279.0

 

 
279.0

Deferred income taxes
204.4

 

 
(42.3
)
 

 
162.1

Goodwill and other intangible assets

 

 
323.7

 

 
323.7

Loans to subsidiaries and affiliates
211.3

 

 
0.3

 
(211.6
)
 

Due from subsidiaries and affiliates
26.9

 
0.6

 
1.7

 
(29.2
)
 

Other assets
43.4

 

 
995.1

 
(2.0
)
 
1,036.5

Assets related to consolidated investment entities:
 
 
 
 
 
 
 
 

Limited partnerships/corporations, at fair value

 

 
3,218.6

 

 
3,218.6

Cash and cash equivalents

 

 
710.7

 

 
710.7

Corporate loans, at fair value using the fair value option

 

 
4,965.3

 

 
4,965.3

Other assets

 

 
104.8

 

 
104.8

Assets held in separate accounts

 

 
106,827.1

 

 
106,827.1

Total assets
$
16,407.2

 
$
12,595.4

 
$
220,157.8

 
$
(28,137.2
)
 
$
221,023.2



Condensed Consolidating Balance Sheet
December 31, 2013
 
Parent Issuer
 
Subsidiary Guarantor
 
Non-Guarantor Subsidiaries
 
Consolidating Adjustments
 
Consolidated
Liabilities and Shareholders' Equity:
 
 
 
 
 
 
 
 
 
Future policy benefits
$

 
$

 
$
14,098.4

 
$

 
$
14,098.4

Contract owner account balances

 

 
69,908.3

 

 
69,908.3

Payables under securities loan agreement, including collateral held

 

 
769.4

 

 
769.4

Short-term debt with affiliates

 
125.4

 
85.9

 
(211.3
)
 

Long-term debt
2,996.7

 
514.7

 
18.7

 
(15.4
)
 
3,514.7

Funds held under reinsurance agreements

 

 
1,181.5

 

 
1,181.5

Derivatives
114.0

 

 
1,420.2

 
(182.4
)
 
1,351.8

Pension and other post-employment provisions

 

 
474.9

 

 
474.9

Current income taxes
(47.0
)
 
10.6

 
80.5

 

 
44.1

Due to subsidiaries and affiliates
0.2

 
1.5

 
12.5

 
(14.2
)
 

Other liabilities
71.1

 
14.4

 
1,226.0

 
(37.4
)
 
1,274.1

Liabilities related to consolidated investment entities:
 
 
 
 
 
 
 
 
 
Collateralized loan obligations notes, at fair value using the fair value option

 

 
5,161.6

 

 
5,161.6

Other liabilities

 

 
903.3

 

 
903.3

Liabilities related to separate accounts

 

 
106,827.1

 

 
106,827.1

Total liabilities
3,135.0

 
666.6

 
202,168.3

 
(460.7
)
 
205,509.2

Shareholders' equity:
 
 
 
 
 
 
 
 
 
Total Voya Financial, Inc. shareholders' equity
13,272.2

 
11,928.8

 
15,747.7

 
(27,676.5
)
 
13,272.2

Noncontrolling interest

 

 
2,241.8

 

 
2,241.8

Total shareholders' equity
13,272.2

 
11,928.8

 
17,989.5

 
(27,676.5
)
 
15,514.0

Total liabilities and shareholders' equity
$
16,407.2

 
$
12,595.4

 
$
220,157.8

 
$
(28,137.2
)
 
$
221,023.2



Condensed Consolidating Statement of Operations
For the Three Months Ended March 31, 2014
 
Parent Issuer
 
Subsidiary Guarantor
 
Non-Guarantor Subsidiaries
 
Consolidating Adjustments
 
Consolidated
Revenues:
 
 
 
 
 
 
 
 
 
Net investment income
$
2.0

 
$

 
$
1,144.9

 
$
(1.3
)
 
$
1,145.6

Fee income

 

 
931.8

 

 
931.8

Premiums

 

 
600.9

 

 
600.9

Net realized gains (losses):
 
 
 
 
 
 
 
 
 
Total other-than-temporary impairments

 

 
(3.3
)
 

 
(3.3
)
Less: Portion of other-than-temporary impairments recognized in Other comprehensive income (loss)

 

 

 

 

Net other-than-temporary impairments recognized in earnings

 

 
(3.3
)
 

 
(3.3
)
Other net realized capital gains (losses)
0.6

 

 
(187.9
)
 

 
(187.3
)
Total net realized capital gains (losses)
0.6

 

 
(191.2
)
 

 
(190.6
)
Other revenue
0.9

 

 
105.5

 
(0.9
)
 
105.5

Income (loss) related to consolidated investment entities:
 
 
 
 
 
 
 
 
 
Net investment income (loss)

 

 
81.5

 

 
81.5

Changes in fair value related to collateralized loan obligations

 

 
(3.8
)
 

 
(3.8
)
Total revenues
3.5

 

 
2,669.6

 
(2.2
)
 
2,670.9

Benefits and expenses:
 
 
 
 
 
 
 
 
 
Policyholder benefits

 

 
865.0

 

 
865.0

Interest credited to contract owner account balance

 

 
493.1

 

 
493.1

Operating expenses
1.5

 

 
788.9

 
(0.9
)
 
789.5

Net amortization of deferred policy acquisition costs and value of business acquired

 

 
126.1

 

 
126.1

Interest expense
37.2

 
10.5

 
1.2

 
(1.3
)
 
47.6

Operating expenses related to consolidated investment entities:
 
 
 
 
 
 
 
 
 
Interest expense

 

 
46.2

 

 
46.2

Other expense

 

 
1.1

 

 
1.1

Total benefits and expenses
38.7

 
10.5

 
2,321.6

 
(2.2
)
 
2,368.6

Income (loss) before income taxes
(35.2
)
 
(10.5
)
 
348.0

 

 
302.3

Income tax expense (benefit)

 
3.3

 
22.1

 
5.3

 
30.7

Net income (loss) before equity in earnings (losses) of unconsolidated affiliates
(35.2
)
 
(13.8
)
 
325.9

 
(5.3
)
 
271.6

Equity in earnings (losses) of subsidiaries, net of tax
293.3

 
14.3

 

 
(307.6
)
 

Net income (loss) including noncontrolling interest
258.1

 
0.5

 
325.9

 
(312.9
)
 
271.6

Less: Net income (loss) attributable to noncontrolling interest

 

 
13.5

 

 
13.5

Net income (loss) available to Voya Financial, Inc.'s common shareholders
$
258.1

 
$
0.5

 
$
312.4

 
$
(312.9
)
 
$
258.1


Condensed Consolidating Statement of Operations
For the Three Months Ended March 31, 2013
 
Parent Issuer
 
Subsidiary Guarantor
 
Non-Guarantor Subsidiaries
 
Consolidating Adjustments
 
Consolidated
Revenues:
 
 
 
 
 
 
 
 
 
Net investment income
$
25.0

 
$
0.1

 
$
1,174.3

 
$
(0.7
)
 
$
1,198.7

Fee income

 

 
891.9

 

 
891.9

Premiums

 

 
471.9

 

 
471.9

Net realized gains (losses):
 
 
 
 
 
 
 
 

Total other-than-temporary impairments

 

 
(11.6
)
 

 
(11.6
)
Less: Portion of other-than-temporary impairments recognized in Other comprehensive income (loss)

 

 
(0.6
)
 

 
(0.6
)
Net other-than-temporary impairments recognized in earnings

 

 
(11.0
)
 

 
(11.0
)
Other net realized capital gains (losses)

 

 
(863.8
)
 

 
(863.8
)
Total net realized capital gains (losses)

 

 
(874.8
)
 

 
(874.8
)
Other revenue
2.1

 
0.3

 
96.1

 
(2.9
)
 
95.6

Income (loss) related to consolidated investment entities:
 
 
 
 
 
 
 
 

Net investment income (loss)

 

 
44.2

 

 
44.2

Changes in fair value related to collateralized loan obligations

 

 
(8.9
)
 

 
(8.9
)
Total revenues
27.1

 
0.4

 
1,794.7

 
(3.6
)
 
1,818.6

Benefits and expenses:
 
 
 
 
 
 
 
 
 
Policyholder benefits

 

 
540.5

 

 
540.5

Interest credited to contract owner account balance

 

 
520.9

 

 
520.9

Operating expenses
2.7

 

 
759.3

 
(2.9
)
 
759.1

Net amortization of deferred policy acquisition costs and value of business acquired

 

 
130.5

 

 
130.5

Interest expense
27.4

 
15.5

 
2.2

 
(0.7
)
 
44.4

Operating expenses related to consolidated investment entities:
 
 
 
 
 
 
 
 
 
Interest expense

 

 
36.8

 

 
36.8

Other expense

 

 
0.7

 

 
0.7

Total benefits and expenses
30.1

 
15.5

 
1,990.9

 
(3.6
)
 
2,032.9

Income (loss) before income taxes
(3.0
)
 
(15.1
)
 
(196.2
)
 

 
(214.3
)
Income tax expense (benefit)
(2.0
)
 
(5.7
)
 
18.9

 

 
11.2

Net income (loss) before equity in earnings (losses) of unconsolidated affiliates
(1.0
)
 
(9.4
)
 
(215.1
)
 

 
(225.5
)
Equity in earnings (losses) of subsidiaries, net of tax
(211.0
)
 
(219.4
)
 

 
430.4

 

Net income (loss) including noncontrolling interest
(212.0
)
 
(228.8
)
 
(215.1
)
 
430.4

 
(225.5
)
Less: Net income (loss) attributable to noncontrolling interest

 

 
(13.5
)
 

 
(13.5
)
Net income (loss) available to Voya Financial, Inc.'s common shareholder
$
(212.0
)
 
$
(228.8
)
 
$
(201.6
)
 
$
430.4

 
$
(212.0
)



Condensed Consolidating Statement of Comprehensive Income
For the Three Months Ended March 31, 2014
 
Parent Issuer
 
Subsidiary Guarantor
 
Non-Guarantor Subsidiaries
 
Consolidating Adjustments
 
Consolidated
Net income (loss) including noncontrolling interest
$
258.1

 
$
0.5

 
$
325.9

 
$
(312.9
)
 
$
271.6

Other comprehensive income (loss), before tax:
 
 
 
 
 
 
 
 
 
Unrealized gains (losses) on securities
1,110.1

 
767.7

 
1,113.2

 
(1,880.9
)
 
1,110.1

Other-than-temporary impairments
15.6

 
13.2

 
15.6

 
(28.8
)
 
15.6

Pension and other post-employment benefit liability
(3.4
)
 
(0.8
)
 
(3.4
)
 
4.2

 
(3.4
)
Other comprehensive income (loss), before tax
1,122.3

 
780.1

 
1,125.4

 
(1,905.5
)
 
1,122.3

Income tax expense (benefit) related to items of other comprehensive income (loss)
393.9

 
274.1

 
393.5

 
(667.6
)
 
393.9

Other comprehensive income (loss), after tax
728.4

 
506.0

 
731.9

 
(1,237.9
)
 
728.4

Comprehensive income (loss)
986.5

 
506.5

 
1,057.8

 
(1,550.8
)
 
1,000.0

Less: Comprehensive income (loss) attributable to the noncontrolling interest

 

 
13.5

 

 
13.5

Comprehensive income (loss) attributable to Voya Financial, Inc.'s common shareholders
$
986.5

 
$
506.5

 
$
1,044.3

 
$
(1,550.8
)
 
$
986.5



Condensed Consolidating Statement of Comprehensive Income
For the Three Months Ended March 31, 2013
 
Parent Issuer
 
Subsidiary Guarantor
 
Non-Guarantor Subsidiaries
 
Consolidating Adjustments
 
Consolidated
Net income (loss) including noncontrolling interest
$
(212.0
)
 
$
(228.8
)
 
$
(215.1
)
 
$
430.4

 
$
(225.5
)
Other comprehensive income (loss), before tax:
 
 
 
 
 
 
 
 
 
Unrealized gains (losses) on securities
(399.9
)
 
(137.0
)
 
(397.8
)
 
534.8

 
(399.9
)
Other-than-temporary impairments
10.9

 
6.9

 
10.9

 
(17.8
)
 
10.9

Pension and other post-employment benefit liability
(3.5
)
 
(0.8
)
 
(3.4
)
 
4.2

 
(3.5
)
Other comprehensive income (loss), before tax
(392.5
)
 
(130.9
)
 
(390.3
)
 
521.2

 
(392.5
)
Income tax expense (benefit) related to items of other comprehensive income (loss)
(134.6
)
 
(44.9
)
 
(133.8
)
 
178.7

 
(134.6
)
Other comprehensive income (loss), after tax
(257.9
)
 
(86.0
)
 
(256.5
)
 
342.5

 
(257.9
)
Comprehensive income (loss)
(469.9
)
 
(314.8
)
 
(471.6
)
 
772.9

 
(483.4
)
Less: Comprehensive income (loss) attributable to the noncontrolling interest

 

 
(13.5
)
 

 
(13.5
)
Comprehensive income (loss) attributable to Voya Financial, Inc.'s common shareholder
$
(469.9
)
 
$
(314.8
)
 
$
(458.1
)
 
$
772.9

 
$
(469.9
)



Condensed Consolidating Statement of Cash Flows
For the Three Months Ended March 31, 2014
 
Parent Issuer
 
Subsidiary Guarantor
 
Non-Guarantor Subsidiaries
 
Consolidating Adjustments
 
Consolidated
Net cash provided by (used in) operating activities
$
(12.1
)
 
$
8.0

 
$
816.7

 
$
(26.0
)
 
$
786.6

 
 
 
 
 
 
 
 
 
 
Cash Flows from Investing Activities:
 
 
 
 
 
 
 
 
 
Proceeds from the sale, maturity, disposal or redemption of:
 
 
 
 
 
 
 
 
 
Fixed maturities

 

 
2,629.7

 

 
2,629.7

Equity securities, available-for-sale
2.4

 
13.1

 
32.2

 

 
47.7

Mortgage loans on real estate

 

 
307.4

 

 
307.4

Limited partnerships/corporations

 

 
60.9

 

 
60.9

Acquisition of:
 
 
 
 
 
 
 
 

Fixed maturities

 

 
(3,057.2
)
 

 
(3,057.2
)
Equity securities, available-for-sale
(6.5
)
 

 
(0.9
)
 

 
(7.4
)
Mortgage loans on real estate

 

 
(252.9
)
 

 
(252.9
)
Limited partnerships/corporations

 

 
(18.4
)
 

 
(18.4
)
Short-term investments, net
(21.0
)
 

 
22.9

 

 
1.9

Policy loans, net

 

 
27.3

 

 
27.3

Derivatives, net
11.5

 

 
(190.1
)
 

 
(178.6
)
Other investments, net

 

 
2.0

 

 
2.0

Sales from consolidated investments entities

 

 
571.8

 

 
571.8

Purchase of consolidated investment entities

 

 
(1,258.8
)
 

 
(1,258.8
)
Maturity of intercompany loans issued to subsidiaries with maturities more than three months
0.6

 

 

 
(0.6
)
 

Net (issuance) maturity of short-term intercompany loans
(159.3
)
 

 
(180.0
)
 
339.3

 

Return of capital contributions from subsidiaries
75.0

 

 

 
(75.0
)
 

Capital contributions to subsidiaries

 
(156.0
)
 

 
156.0

 

Collateral received (delivered), net

 

 
89.4

 

 
89.4

Purchases of fixed assets, net

 

 
(8.7
)
 

 
(8.7
)
Other, net

 
0.2

 
(0.2
)
 

 

Net cash provided by (used in) investing activities
(97.3
)
 
(142.7
)
 
(1,223.6
)
 
419.7

 
(1,043.9
)
Condensed Consolidating Statement of Cash Flows
For the Three Months Ended March 31, 2014
 
Parent Issuer
 
Subsidiary Guarantor
 
Non-Guarantor Subsidiaries
 
Consolidating Adjustments
 
Consolidated
Cash Flows from Financing Activities:
 
 
 
 
 
 
 
 
 
Deposits received for investment contracts

 

 
2,500.0

 

 
2,500.0

Maturities and withdrawals from investment contracts

 

 
(2,809.7
)
 

 
(2,809.7
)
Debt issuance costs
(16.7
)
 

 

 

 
(16.7
)
Intercompany loans with maturities of more than three months

 

 
(0.6
)
 
0.6

 

Net (repayments of) proceeds from short-term intercompany loans
180.0

 
135.1

 
24.2

 
(339.3
)
 

Dividends to parent

 

 
(26.0
)
 
26.0

 

Return of capital contributions to parent

 

 
(75.0
)
 
75.0

 

Contributions of capital from parent

 

 
156.0

 
(156.0
)
 

Borrowings of consolidated investment entities

 

 
28.4

 

 
28.4

Contributions from participants in consolidated investment entities

 

 
466.9

 

 
466.9

Common stock acquired - Share buyback
(250.0
)
 

 

 

 
(250.0
)
Dividends paid
(2.6
)
 

 

 

 
(2.6
)
Net cash provided by (used in) financing activities
(89.3
)
 
135.1

 
264.2

 
(393.7
)
 
(83.7
)
Net increase (decrease) in cash and cash equivalents
(198.7
)
 
0.4

 
(142.7
)
 

 
(341.0
)
Cash and cash equivalents, beginning of period
640.2

 
1.1

 
2,199.5

 

 
2,840.8

Cash and cash equivalents, end of period
$
441.5

 
$
1.5

 
$
2,056.8

 
$

 
$
2,499.8



Condensed Consolidating Statement of Cash Flows
For the Three Months Ended March 31, 2013
 
Parent Issuer
 
Subsidiary Guarantor
 
Non-Guarantor Subsidiaries
 
Consolidating Adjustments
 
Consolidated
Net cash provided by (used in) operating activities
$
152.3

 
$
(2.0
)
 
$
(163.7
)
 
$
(15.0
)
 
$
(28.4
)
 
 
 
 
 
 
 
 
 
 
Cash Flows from Investing Activities:
 
 
 
 
 
 
 
 
 
Proceeds from the sale, maturity, disposal or redemption of:
 
 
 
 
 
 
 
 
 
Fixed maturities

 

 
4,455.8

 

 
4,455.8

Equity securities, available-for-sale
3.2

 
12.4

 
12.8

 

 
28.4

Mortgage loans on real estate

 

 
318.3

 

 
318.3

Limited partnerships/corporations

 

 
18.0

 

 
18.0

Acquisition of:
 
 
 
 
 
 
 
 

Fixed maturities

 

 
(4,802.8
)
 

 
(4,802.8
)
Equity securities, available-for-sale
(5.2
)
 

 
(4.2
)
 

 
(9.4
)
Mortgage loans on real estate

 

 
(581.4
)
 

 
(581.4
)
Limited partnerships/corporations

 

 
(9.8
)
 

 
(9.8
)
Short-term investments, net

 

 
2,999.1

 

 
2,999.1

Policy loans, net

 

 
(4.1
)
 

 
(4.1
)
Derivatives, net

 

 
(1,089.6
)
 

 
(1,089.6
)
Other investments, net

 

 
11.8

 

 
11.8

Sales from consolidated investments entities

 

 
573.8

 

 
573.8

Purchase of consolidated investment entities

 

 
(613.8
)
 

 
(613.8
)
Net maturity (issuance) of short-term intercompany loans
(34.9
)
 
(10.5
)
 
(13.4
)
 
58.8

 

Collateral received (delivered), net
8.6

 

 
(369.1
)
 

 
(360.5
)
Purchases of fixed assets, net

 

 
(6.6
)
 

 
(6.6
)
Net cash provided by (used in) investing activities
(28.3
)
 
1.9

 
894.8

 
58.8

 
927.2

Condensed Consolidating Statement of Cash Flows
For the Three Months Ended March 31, 2013
 
Parent Issuer
 
Subsidiary Guarantor
 
Non-Guarantor Subsidiaries
 
Consolidating Adjustments
 
Consolidated
Cash Flows from Financing Activities:
 
 
 
 
 
 
 
 
 
Deposits received for investment contracts

 

 
2,936.2

 

 
2,936.2

Maturities and withdrawals from investment contracts

 

 
(2,996.6
)
 

 
(2,996.6
)
Proceeds from issuance of debt with maturities of more than three months
1,000.3

 

 
0.3

 

 
1,000.6

Repayment of debt with maturities of more than three months
(945.3
)
 

 
(359.3
)
 

 
(1,304.6
)
Short-term debt, net
(169.7
)
 

 

 

 
(169.7
)
Debt issuance costs
(6.5
)
 

 

 

 
(6.5
)
Net (repayments of) proceeds from short-term intercompany loans
23.9

 

 
34.9

 
(58.8
)
 

Dividends to parent

 

 
(15.0
)
 
15.0

 

Contributions from participants in consolidated investment entities

 

 
642.7

 

 
642.7

Net cash provided by (used in) financing activities
(97.3
)
 

 
243.2

 
(43.8
)
 
102.1

Net increase (decrease) in cash and cash equivalents
26.7

 
(0.1
)
 
974.3

 

 
1,000.9

Cash and cash equivalents, beginning of period
357.5

 
0.4

 
1,428.9

 

 
1,786.8

Cash and cash equivalents, end of period
$
384.2

 
$
0.3

 
$
2,403.2

 
$

 
$
2,787.7