Schedule I. Summary of Investments

12 Months Ended

Dec. 31, 2018

Voya Retirement Insurance and Annuity Company

(A wholly owned subsidiary of Voya Holdings Inc.)

Schedule I

Summary of Investments – Other than Investments in Affiliates

As of December 31, 2018

(In millions)



Type of Investments	Cost		Fair Value		Amount Shown on Consolidated Balance Sheets
Fixed maturities
U.S. Treasuries	$	651	$	738	$	738
State, municipalities and political subdivisions	754		764		764
U.S. corporate public securities	7,908		8,015		8,015
U.S. corporate private securities	3,686		3,653		3,653
Foreign corporate public securities and foreign governments⁽¹⁾	2,551		2,540		2,540
Foreign corporate private securities⁽¹⁾	3,235		3,175		3,175
Residential mortgage-backed securities	2,966		3,036		3,036
Commercial mortgage-backed securities	1,917		1,905		1,905
Other asset-backed securities	1,230		1,208		1,208
Total fixed maturities, including securities pledged	24,898		25,034		25,034
Equity securities	—		—		57
Mortgage loans on real estate	4,918		4,983		4,918
Policy loans	210		210		210
Short-term investments	50		50		50
Limited partnerships/corporations	583		583		583
Derivatives	36		128		128
Other investments	40		40		40
Total investments	$	30,735	$	31,028	$	31,020

⁽¹⁾ Primarily U.S. dollar denominated.