8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported):

August 7, 2013

ING U.S., INC.

(Exact name of registrant as specified in its charter)

Delaware	001-35897	No. 52-1222820
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification Number)

230 Park Avenue New York, New York	10169
(Address of principal executive offices)	(Zip Code)

Registrant’s telephone number, including area code: (212) 309-8200

N/A

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 2.02 Results of Operations and Financial Condition

ING U.S., Inc. (“ING U.S.”) furnishes herewith a press release announcing its second quarter 2013 results. A copy of the press release is furnished herewith as Exhibit 99.1 and is incorporated by reference in this Item 2.02.

As previously announced, ING U.S. will host a conference call on Wednesday, August 7, 2013 at 10:00 am ET to discuss its second quarter 2013 results. The call can be accessed via ING U.S.’s investor relations website at http://investors.ing.us. The call will be accompanied by a slide presentation, which will be accessible via ING U.S.’s investor relations website at http://investors.ing.us beginning at 9:30 am ET on Wednesday, August 7, 2013. In addition, more detailed financial information can be found in ING U.S.’s Quarterly Investor Supplement for June 30, 2013, available on ING U.S.’s investor relations website, http://investors.ing.us. The Quarterly Investor Supplement for June 30, 2013 is furnished herewith as Exhibit 99.2 and is incorporated by reference in this Item 2.02.

As provided in General Instruction B.2 of Form 8-K, the information and exhibits provided pursuant to this Item 2.02 shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, nor shall they be deemed to be incorporated by reference in any filing under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such a filing.

Item 9.01 Financial Statements and Exhibits

(d) Exhibits

99.1	Press release of ING U.S., Inc., dated August 7, 2013, announcing second quarter 2013 results (furnished and not filed)
99.2	Quarterly Investor Supplement for June 30, 2013 (furnished and not filed)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

ING U.S., INC. (Registrant)
By:	/s/ Harris Oliner
	Name:	Harris Oliner
	Title:	SVP and Corporate Secretary

Dated: August 7, 2013

EX-99.1

Exhibit 99.1

CORPORATE COMMUNICATIONS

PRESS RELEASE

ING U.S. ANNOUNCES SECOND QUARTER 2013 RESULTS

New York, August 7, 2013 – ING U.S., Inc. (NYSE: VOYA) today reported financial results for the second quarter of 2013:

• After-tax operating earnings^1,2 of $177 million, or $0.71 per share, compared with $129 million, or $0.56 per share in 2Q’12

• Net loss available to common shareholders of $82 million, or $0.33 per share, compared with 2Q’12 net income available to common shareholders of $634 million, or $2.76 per share

A $220 million after-tax loss, including an after-tax loss of $79 million related to nonperformance risk, in the Closed Block Variable Annuity (CBVA) segment drove the net loss available to common shareholders and reflects the CBVA hedging program’s focus on protecting regulatory and rating agency capital from market movements, rather than minimizing GAAP earnings volatility. As a result, under the current CBVA hedging program, CBVA typically will be expected to experience a loss when the equity market appreciates and a gain when the equity market depreciates.

ONGOING BUSINESS RESULTS

ING U.S.’s Ongoing Business includes the Retirement, Annuities, Investment Management, Individual Life, and Employee Benefits segments. The Corporate, CBVA, Closed Block Institutional Spread Products and Closed Block Other segments are not reflected in Ongoing Business results.

• Ongoing Business operating earnings before income taxes of $307 million, compared with $192 million in 2Q’12

¹  We assume a 35% tax rate on items described as “after-tax.” Net income (loss) available to common shareholders reflects the actual effective tax rate.

²  Operating earnings is a non-GAAP financial measure; information regarding the non-GAAP financial measures included in this press release, and a reconciliation of them to GAAP measures, is provided in the tables that accompany this release and the Quarterly Investor Supplement.

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• Ongoing Business adjusted operating earnings³ before income taxes of $303 million, compared with $279 million in 2Q’12. The following items primarily account for this increase:

• Increased fee based margin ($43 million positive variance) on higher assets due to market appreciation and positive net flows;

• Lower investment spread and other investment income ($36 million negative variance), driven primarily by lower investment income (despite higher prepayment fee income), partly offset by reductions in crediting rates;

• Higher underwriting income ($25 million positive variance) in Individual Life and Employee Benefits;

• Higher trail commissions ($7 million negative variance); and

• Lower amortization of DAC/VOBA and other intangibles ($5 million positive variance).

• Annualized Ongoing Business adjusted operating return on equity (ROE)⁴ of 9.9% for the first half of 2013, compared with 8.3% for FY’12

“ING U.S. had a strong second quarter as we continued to deliver on our ROE improvement objective with our Ongoing Business adjusted operating ROE growing – on an annualized basis – to 9.9% for the first half of 2013, up from 8.3% for the full year 2012,” said Rodney O. Martin, Jr., Chairman and Chief Executive Officer, ING U.S.

“During the quarter, we saw positive results among several key measures. Total assets under management and administration grew to $482 billion supported by net flows in our Retirement and Investment Management segments of $442 million and $3.1 billion, respectively. At the same time, we continued to re-position our Individual Life segment with a focus on less capital-intensive products, while also investing in our Employee Benefits product set.”

“With a diverse business and distribution mix, ING U.S. is well positioned to help address America’s need for retirement readiness. We remain focused on leveraging our strengths to achieve further success and create value for both our shareholders and our customers,” added Martin.

³  Ongoing Business adjusted operating earnings before income taxes exclude deferred acquisition costs (DAC), value of business acquired (VOBA), and other intangible unlocking, and the impact of portfolio restructuring in 2012. Prior to excluding these items, total company DAC/VOBA and other intangible unlocking decreased expenses by $4 million in 2Q’13 and increased expenses by $14 million in 2Q’12, and portfolio restructuring reduced investment income (net of DAC) by $73 million in 2Q’12.

⁴  The calculation of the adjusted operating ROE of Ongoing Business is provided in the tables that accompany this release.

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SECOND QUARTER 2013 SUMMARY

	Three months ended June 30,
($ in millions, except per share amounts)	2013			2012			Change
Operating earnings before income taxes by segment
Retirement	$	132.1		$	71.1			85.8	%
Annuities		59.5			26.9			121.2
Investment Management		41.1			31.2			31.7
Individual Life		40.0			33.4			19.8
Employee Benefits		34.1			29.1			17.2
Ongoing Business	$	306.8		$	191.7			60.0
Corporate		(52.8	)		(32.7	)		NM
Closed Block Institutional Spread Products and Other		18.0			39.8			(54.8	)
Total operating earnings before income taxes	$	272.0		$	198.8			36.8
Total operating earnings, after-tax1	$	176.8		$	129.2			36.8
Closed Block Variable Annuity, after-tax1		(220.0	)		248.2			NM
Net investment gains (losses), after-tax1		0.5			86.2			NM
Other, after-tax2		(42.6	)		388.5			NM
Net income (loss)	$	(85.3	)	$	852.1			NM
Net income (loss) attributable to noncontrolling interest		(3.1	)		217.7			NM
Net income (loss) available to common shareholders	$	(82.2	)	$	634.4			NM
Operating earnings per share	$	0.71		$	0.56			26.8
Net income (loss) per share	$	(0.33	)	$	2.76			NM
Weighted average shares outstanding (in millions)		250.3			230.0

1. Assumes 35% tax rate

2. Other, after-tax consists of net guaranteed benefit hedging gains (losses) and related charges and adjustments; income (loss) from business exited; certain expenses related to the anticipated divestment of ING U.S. by ING Group, net income (loss) attributable to noncontrolling interest, and the difference between the actual tax rate for the quarter and the federal tax rate of 35%, which is primarily driven by changes in tax valuation allowances

NM = Not Meaningful

KEY SECOND QUARTER 2013 HIGHLIGHTS

• Ongoing Business six months 2013 annualized adjusted operating return on capital (ROC)⁵ of 8.3%, compared with 7.2% for full year 2012

⁵  The calculation of Ongoing Business adjusted operating return on capital is provided in the tables that accompany this release.

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• Retirement Solutions and Investment Management accounted for 74% of Ongoing Business adjusted operating earnings before income taxes

• Retirement net flows of $442 million, driven by strong flows in Full Service Corporate Markets and Stable Value

• Investment Management operating margin of 27.6%; net flows of $3.1 billion driven by an increase in Investment Management sourced net flows

• Individual Life sales of $27 million, reflecting a shift to less capital-intensive products

• Employee Benefits loss ratio for Stop Loss of 72.1% and loss ratio for Group Life of 75.4%, better than target of 77-80%

• Total assets under management (AUM) of $261 billion and total assets under management and administration of $482 billion

• Combined estimated risk based capital (RBC) ratio of 454%, above the company’s target of 425%

• Pro forma debt to capital ratio excluding accumulated other comprehensive income (AOCI) of 25.4% (pro forma for the repayment of $150 million owed to ING Verzekeringen N.V., a subsidiary of ING Group, in July 2013)

• Book value per share (excluding AOCI) of $39.82

BUSINESS SEGMENT DISCUSSIONS

The following discussions compare the second quarters of 2013 and 2012 unless otherwise noted.

RETIREMENT – POSITIVE NET FLOWS AND HIGHER ASSETS UNDER MANAGEMENT DRIVING HIGHER FEES

Operating earnings before income taxes were $132 million compared with $71 million. Adjusted operating earnings⁶ before income taxes were $134 million compared with $126 million a year ago. The following items primarily account for this increase:

• Higher fee based margin ($15 million positive variance) on robust variable asset deposit growth and market performance as well as recordkeeping change orders; fees from change orders temporarily increased the recordkeeping margin in the first half of 2013;

⁶  Retirement adjusted operating earnings before income taxes exclude deferred acquisition costs (DAC), value of business acquired (VOBA), and other intangible unlocking, and the impact of portfolio restructuring in 2012. Prior to excluding these items, DAC/VOBA and other intangible unlocking increased expenses by $1 million in 2Q’13 and increased expenses by $5 million in 2Q’12, and portfolio restructuring reduced investment income (net of DAC) by $50 million in 2Q’12.

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• Lower investment spread and other investment income ($16 million negative variance) due to lower investment income, partly offset by reductions in crediting rates; and

• Lower amortization of intangibles ($6 million positive variance) as a result of a reduced amortization rate versus the prior year due to higher expected future profitability.

Retirement net flows were $442 million compared with $557 million in 2Q’12. Net flows vary in size and timing, sometimes substantially, from one quarter to the next. Retirement AUM totaled $96 billion as of June 30, 2013, up from $84 billion as of June 30, 2012 and flat from $96 billion as of March 31, 2013.

ANNUITIES – NEGATIVE FLOWS CONSISTENT WITH PLANNED RUN-OFF OF MULTI YEAR GUARANTEE ANNUITY (MYGA) AND ANNUAL RESET (AR)

Operating earnings before income taxes were $60 million compared with $27 million. Adjusted operating earnings⁷ before income taxes were $50 million compared with $54 million a year ago. The following items primarily account for this decrease:

• Lower investment spread and other investment income ($6 million negative variance) primarily driven by lower investment income, partly offset by reductions in crediting interest; and

• Higher fee based margin ($3 million positive variance) on higher mutual fund custodial assets.

Net outflows were ($244) million, as lapses on existing fixed rate annuity in-force policies, especially older products with high fixed rate crediting levels, exceeded new sales.

AUM for the Annuities segment totaled $26 billion as of June 30, 2013, essentially flat from $26 billion as of March 31, 2013 and from $26 billion as of June 30, 2012. Included in those totals were AUM for the company’s mutual fund custodial product (Select Advantage), which increased to $2.8 billion as of June 30, 2013, up from $2.7 billion as of March 31, 2013 and $2.1 billion as of June 30, 2012.

⁷  Annuities adjusted operating earnings before income taxes exclude deferred acquisition costs (DAC), value of business acquired (VOBA), and other intangible unlocking, and the impact of portfolio restructuring in 2012. Prior to excluding these items, DAC/VOBA and other intangible unlocking decreased expenses by $10 million in 2Q’13 and increased expenses by $9 million in 2Q’12, and portfolio restructuring reduced investment income (net of DAC) by $19 million in 2Q’12.

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INVESTMENT MANAGEMENT – HIGHER FEE BASED MARGIN DRIVEN BY HIGHER AUM

Operating earnings before income taxes were $41 million compared with $31 million. Adjusted operating earnings⁸ before income taxes were $41 million compared with $29 million a year ago. The following items primarily account for the increase:

• Higher fee based margin ($25 million positive variance) driven primarily by growth in AUM from strong net flows, equity market appreciation, and performance fees;

• Higher administrative expenses ($9 million negative variance) driven by an increase in variable expenses and performance-related compensation expenses consistent with the increase in revenues; and

• Lower investment capital and other investment income ($4 million negative variance) primarily as a result of a $6 million gain in investment capital results compared with an $11 million gain in the year ago quarter.

Operating margin was 27.6% compared with 24.0% a year ago and 22.8% in the first quarter of 2013. The increase in operating margin compared with the prior year reflects the impact of the items described above. Operating margin excluding investment capital results was 24.6% compared with 15.3% a year ago and 21.1% in the first quarter of 2013.

Third-party⁹ inflows were $7.3 billion compared with $3.4 billion a year ago. Third-party net flows were $3.1 billion compared with ($0.8) billion a year ago. Sub-advisor replacement inflows (performance-driven replacement of non-ING U.S. mutual fund sub-advisors) in the current quarter were $537 million compared with none in the year ago period. Third-party AUM totaled $110 billion, up from $91 billion a year ago and $108 billion as of March 31, 2013. Positive net flows and U.S. equity market appreciation, partially offset by the effect of rising interest rates on bond funds, drove the increase in AUM from March 31, 2013.

⁸  Investment Management adjusted operating earnings before income taxes exclude the impact of portfolio restructuring in 2012. Prior to excluding this item, portfolio restructuring led to a gain of $2 million in 2Q’12.

⁹  Excludes general account assets of ING U.S.’s insurance company subsidiaries.

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INDIVIDUAL LIFE – PLANNED DECLINE IN SALES AND RIGHT-SIZING OF EXPENSE BASE DROVE RESULTS

Operating earnings before income taxes were $40 million compared with $33 million. Adjusted operating earnings¹⁰ before income taxes were $45 million compared with $37 million a year ago. The following items primarily account for this increase:

• Higher net underwriting gain and other revenue ($16 million positive variance);

• Lower investment spread and other investment income ($13 million negative variance) primarily related to reduced investment income, partly offset by reductions in crediting rates; and

• Lower administrative expenses ($6 million positive variance), corresponding to a lower level of sales.

Sales decreased to $27 million from $76 million in 2Q’12 as a result of deliberate pricing actions and product suspensions. ING U.S. ceased sales of select capital intensive products beginning in the second half of 2012.

EMPLOYEE BENEFITS – INCREASED UNDERWRITING INCOME

Operating earnings before income taxes were $34 million compared with $29 million. Adjusted operating earnings¹¹ before income taxes were $34 million compared with $33 million a year ago. The following items primarily account for this increase:

• Higher net underwriting gain (loss) ($6 million positive variance) reflecting an increase in underwriting income from Stop Loss and Voluntary Benefits, Disability, and Other, partially offset by lower income from Group Life, as the 2Q’13 results benefited from favorable mortality; and

• Lower investment spread and other investment income, higher administrative expenses, and higher trail commissions ($5 million negative variance) primarily due to lower investment yield and higher commission expenses due to the mix of new sales.

The loss ratio for Group Life was 75.4% compared with a year ago at 69.5%. The loss ratio for Stop Loss improved to 72.1% compared with 75.5% a year ago reflecting continued discipline in underwriting and risk selection. The loss ratio results for both Group Life and Stop Loss were better than the expected range of 77-80%.

¹⁰  Individual Life adjusted operating earnings before income taxes exclude deferred acquisition costs (DAC), value of business acquired (VOBA), and other intangible unlocking, and the impact of portfolio restructuring in 2012. Prior to excluding these items, DAC/VOBA and other intangible unlocking increased expenses by $5 million in 2Q’13, and portfolio restructuring reduced investment income (net of DAC) by $3 million in 2Q’12.

¹¹  Employee Benefits adjusted operating earnings before income taxes exclude the impact of portfolio restructuring in 2012. Prior to excluding this item, portfolio restructuring reduced investment income by $4 million in 2Q’12.

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Employee Benefits sales were $18 million compared with $34 million, mainly driven by lower Group Life and Stop Loss sales. The decline in Group Life sales reflects less activity from employer groups, benefit consultants, and brokers putting life and disability plans out to market as they prepare to deal with the regulatory changes and requirements created by recently enacted federal health care reform. In Stop Loss, we continued to focus on profitable growth and careful risk selection over gaining market share.

CORPORATE

Operating earnings before income taxes was a loss of $53 million compared with a loss of $33 million. Contributing to the $20 million negative variance was higher interest expense due to replacing short-term debt with longer-term debt, as well as lower investment income. These items were partially offset by lower letter of credit expenses in 2Q’13 due to the termination of the contingent capital letter of credit facility supporting the CBVA segment.

CLOSED BLOCK INSTITUTIONAL SPREAD PRODUCTS AND CLOSED BLOCK OTHER

Operating earnings before income taxes were $18 million compared with $40 million a year ago driven by a one-time reimbursement of expenses of $22 million by ING Group in 2Q’12.

Closed Block Institutional Spread Products average AUM decreased to $3.8 billion from $3.9 billion as of March 31, 2013 and $5.2 billion as of June 30, 2012 and reflect the continued run-off of the block.

CLOSED BLOCK VARIABLE ANNUITY

Net loss before income taxes was $338 million, including a loss before income taxes of $121 million due to changes in the fair value of guaranteed benefit derivatives related to nonperformance risk, which the company considers a non-economic development. This compares with a gain of $382 million a year ago, which included a nonperformance risk gain before income taxes of $170 million.

The equity market appreciation in 2Q’13 resulted in accounting asymmetry for the CBVA segment, where our hedging program is designed primarily to protect regulatory and rating agency capital from equity market movements rather than minimize GAAP earnings volatility. During the quarter, guarantee and overlay equity hedge losses were approximately $0.2 billion, compared with a $0.2 billion equity-related decline in statutory AG43 reserves in excess of reserves for cash surrender value. This resulted in a net neutral impact to regulatory surplus related to equity market movement.

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The retained net amount at risk for CBVA living benefit guarantees improved to $3.8 billion from $4.4 billion at the end of 1Q’13 primarily due to favorable interest rate movements.

INVESTMENTS

Other-than-temporary impairments on the investment portfolio were $7.2 million in the quarter. The net unrealized gain on available-for-sale fixed securities before income taxes decreased to $3.9 billion as of June 30, 2013 from $7.1 billion as of March 31, 2013. The $3.2 billion decrease in the net unrealized gain on available-for-sale fixed securities before income taxes is primarily attributable to the increase in U.S. Treasury rates during the second quarter of 2013 impacting the valuation of corporate bonds and U.S. Treasury securities.

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Supplementary Financial Information

More detailed financial information can be found in ING U.S.’s Quarterly Investor Supplement, which is available on ING U.S.’s investor relations website, investors.ing.us.

Earnings Conference Call and Slide Presentation

ING U.S. will host a conference call on Wednesday, August 7, 2013 at 10:00 am ET to discuss the company’s second quarter 2013 results. The call and slide presentation can be accessed via the company’s investor relations website at investors.ing.us.

A replay of the call will be available on the company’s investor relations website at investors.ing.us starting at 1:00 pm ET on August 7.

About ING U.S.

ING U.S. (NYSE: VOYA), which plans to rebrand in the future as Voya Financial, is a premier retirement, investment and insurance company serving the financial needs of approximately 13 million individual and institutional customers in the United States. The company’s vision is to be America’s Retirement company and its guiding principle is centered on solving the most daunting financial challenge facing Americans today — retirement readiness. Working directly with clients and through a broad group of financial intermediaries, independent producers, affiliated advisors and dedicated sales specialists, ING U.S. provides a comprehensive portfolio of asset accumulation, asset protection and asset distribution products and services. With a dedicated workforce of approximately 7,000 employees, ING U.S. is grounded in a clear mission to make a secure financial future possible — one person, one family and one institution at a time. For more information, visit http://ing.us.

Media Contact:	Investor Contact:
Christopher Breslin 212-309-8941 Christopher.Breslin@us.ing.com	Darin Arita 212-309-8999 IR@us.ing.com

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Use of Non-GAAP Financial Measures

We use operating earnings (both before and after income taxes), which consists of operating revenues minus operating benefits and expenses, to evaluate segment performance. Operating earnings does not replace net income (loss) as the measure of our consolidated 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 DAC, 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. All 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 business exited through reinsurance or divestment;

• Income (loss) attributable to noncontrolling interests;

• 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 post-employment benefit obligations and gains (losses) from plan amendments and curtailments; and

• Other items, including restructuring expenses (severance, lease write-offs, etc.), integration expenses related to our acquisition of CitiStreet and certain third-party expenses and deal incentives related to the anticipated divestment of ING U.S. by ING Group.

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We also use adjusted operating earnings before income taxes to evaluate segment performance. This measure excludes from operating earnings the following items: (1) DAC/VOBA and other intangibles unlocking and (2) investment portfolio restructurings implemented in 2012. DAC/VOBA and other intangibles unlocking can be volatile, so excluding the effect of this can improve period to period comparability. The investment portfolio restructurings in 2012 reduced the run-rate level of investment income, and we believe that this reduction is not reflective of the performance of our Ongoing Business.

We focus on Ongoing Business operating earnings before income taxes (both adjusted and unadjusted as described above) because this shows business performance for our Ongoing Business segments and excludes the volatility seen in our Closed Block segments.

We focus on Ongoing Business adjusted operating ROE and adjusted operating ROC as key financial metrics for our stakeholders because these metrics indicate how effectively we use capital resources allocated to our Ongoing Business.

In our Investment Management business we also focus on the operating margin excluding Investment Capital results. The results from Investment Capital can be volatile, so excluding the effect of this can improve period to period comparability.

In addition to book value per share including AOCI, we focus on book value per share 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, so book value per share excluding AOCI provides a metric consistent with that view.

Our CBVA segment is managed to focus on protecting regulatory and rating agency capital rather than GAAP earnings and, therefore, its results of operations are not reflected within operating earnings before income taxes. When we present the adjustments to Income (loss) before income taxes on a consolidated basis, each adjustment excludes the relative portions attributable to our CBVA segment.

The most directly comparable GAAP measure to operating earnings (both before and after income taxes), adjusted operating earnings before income taxes, Ongoing Business operating earnings before income taxes and Ongoing Business adjusted operating earnings before income taxes, is income (loss) before income taxes. For a reconciliation of each of these non-GAAP measures, see the tables that accompany this release, as well as our Quarterly Investor Supplement.

We also analyze our Ongoing Business performance based on the sources of earnings. We believe this supplemental information is useful in order to gain a better understanding of our financial performance because it provides insight into the main drivers of operating earnings (loss) before income taxes of our Ongoing Business. The sources of earnings are defined as follows:

• 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.

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• Fee based margin consists primarily of fees earned on AUM, AUA, and transaction based recordkeeping fees.

• Net underwriting gain (loss) and other revenue contains 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.

More details on these sources of earnings can be found in ING U.S.’s Quarterly Investor Supplement, which is available on ING U.S.’s investor relations website, investors.ing.us.

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ING U.S.

Calculation and Reconciliation of Return on Equity and Return on Capital

($ in millions, unless otherwise indicated)	Six Months Ended June 30, 2013			Three Months Ended March 31, 2013			Year ended December 31, 2012
GAAP Return on Equity
Net income (loss) available to ING U.S., Inc.’s common shareholders	$	(294.2	)	$	(212.0	)	$	473.0
ING U.S., Inc. shareholders’ equity: beginning of period	$	13,874.9		$	13,874.9		$	12,353.9
ING U.S., Inc. shareholders’ equity: end of period	$	12,471.6		$	13,391.1		$	13,874.9
ING U.S., Inc. shareholders’ equity: average for period	$	13,173.3		$	13,633.0		$	13,114.4
GAAP Return on Equity		-4.5	%		-6.2	%		3.6	%
Ongoing Business Adjusted Operating Return on Capital and Adjusted Operating Return on Equity
Ongoing Business adjusted operating earnings (AOE) before income taxes	$	581.3		$	278.1		$	1,093.2
Income taxes on AOE (based on an assumed tax rate of 35%)		(203.4	)		(97.3	)		(382.7	)
Ongoing Business adjusted operating earnings after income taxes		377.9			180.8			710.5
Interest expense after-tax1		(40.8	)		(20.2	)		(88.7	)
Ongoing Business adjusted operating earnings after income taxes and interest expense	$	337.1		$	160.6		$	621.7
Beginning of period capital for Ongoing Business2	$	9,057.0		$	9,057.0		$	10,037.0
End of period capital for Ongoing Business		9,190.0			9,012.0			9,823.0
Average capital for Ongoing Business		9,123.5			9,034.5			9,930.0
Average debt (based on 25% debt-to-capital ratio)		(2,280.9	)		(2,258.6	)		(2,482.5	)
Average equity for Ongoing Business	$	6,842.6		$	6,775.9		$	7,447.5
Adjusted Operating Return on Capital for Ongoing Business		8.3	%		8.0	%		7.2	%
Adjusted Operating Return on Equity for Ongoing Business1		9.9	%		9.5	%		8.3	%

ING U.S.

Reconciliation of Ongoing Business Adjusted Operating Earnings to Net Income (Loss)

($ in millions)	Six Months Ended June 30, 2013			Three Months Ended March 31, 2013			Year ended December 31, 2012
Ongoing Business adjusted operating earnings before income taxes	$	581.3		$	278.1		$	1,093.2
DAC/VOBA and other intangibles unlocking		10.9			7.3			(77.0	)
Impact of investment portfolio restructuring		—			—			(25.3	)
Operating earnings before income taxes for Ongoing Business		592.2			285.4			990.9
Corporate		(102.9	)		(50.1	)		(182.3	)
Closed Blocks Institutional Spread Products and Other		39.4			21.4			109.7
Total operating earnings before income taxes		528.7			256.7			918.3
Income taxes (based on an assumed tax rate of 35%)		(185.0	)		(89.9	)		(321.4	)
Operating earnings, after-tax		343.7			166.8			596.9
Closed Block Variable Annuity, after-tax		(530.1	)		(310.1	)		(450.0	)
Net investment gains (losses) and related charges and adjustments, after-tax		27.7			27.2			296.1
Other, after-tax		(135.5	)		(95.9	)		30.0
Net income (loss) available to ING U.S., Inc.’s common shareholders		(294.2	)		(212.0	)		473.0
Net income (loss) attributable to noncontrolling interest		(16.6	)		(13.5	)		138.2
Net income (loss)	$	(310.8	)	$	(225.5	)	$	611.2

14

ING U.S.

Reconciliation of End of Period Capital for Ongoing Business to Shareholders’ Equity

($ in millions)	As of June 30, 2013			As of March 31, 2013			As of December 31, 2012
End of Period Capital for Ongoing Business	$	9,190.0		$	9,012.0		$	9,823.0
Closed Block Variable Annuity, Corporate, and Other Closed Blocks		4,877.1			4,633.6			4,149.5
End of Period Capital		14,067.1			13,645.6			13,972.5
Financial Leverage 3		(3,683.3	)		(3,707.3	)		(3,808.3	)
ING U.S., Inc. shareholders’ equity excluding AOCI end of period		10,383.8			9,938.3			10,164.2
AOCI		2,087.8			3,452.8			3,710.7
ING U.S., Inc. shareholders’ equity: end of period	$	12,471.6		$	13,391.1		$	13,874.9

¹ Assumes debt-to-capital ratio of approximately 25% in each year and a weighted average pre-tax interest rate of approximately 5.5% on financial leverage

² The 1/1/13 beginning capital is different from the 12/31/12 ending capital at the segment level due to certain reallocations of capital, primarily due to recapitalization activity (completed and anticipated)

($ in millions)	As of June 30, 2013		As of March 31, 2013			As of December 31, 2012
3 Reconciliation of Financial Leverage to Short-term and Long-term Debt
Short-term debt	$	138.6	$	321.2		$	1,064.6
Long-term debt		3,265.7		3,440.8			3,171.1
Total Debt		3,404.3		3,762.0			4,235.7
Less operating leverage		—		(329.1	)		(688.4	)
Plus loans from subsidiaries		279.0		274.4			261.0
Financial Leverage	$	3,683.3	$	3,707.3		$	3,808.3

ING U.S.

Reconciliation of Book Value Per Share

	As of June  30, 2013
Book value per share, including AOCI	$	47.82
Per share impact of AOCI		8.00
Book value per share, excluding AOCI	$	39.82

15

ING U.S.

Reconciliation of Investment Management Operating Margin

($ in millions, unless otherwise indicated)	Three Months Ended June 30, 2013			Three Months Ended June 30, 2012
Operating revenues	$	148.6		$	130.2
Operating expenses		107.5			99.0
Operating earnings before income taxes	$	41.1		$	31.2
Operating margin		27.6	%		24.0	%
Operating revenues	$	148.6		$	130.2
Less:
Investment Capital Results		6.1			13.3
Revenues excluding Investment Capital		142.5			116.9
Operating expenses		107.5			99.0
Operating earnings excluding Investment Capital	$	35.0		$	17.9
Operating Margin excluding Investment Capital		24.6	%		15.3	%

Forward-Looking and Other Cautionary Statements

This press release contains forward-looking statements. Forward-looking statements include statements relating to future developments in our business or expectations for our future financial performance and any statement not involving a historical fact. Forward-looking statements use words such as “anticipate,” “believe,” “estimate,” “expect,” “intend,” “plan,” and other words and terms of similar meaning in connection with a discussion of future operating or financial performance. Actual results, performance or events may differ materially from those projected in any forward-looking statement due to, among other things, (i) general economic conditions, particularly economic conditions in our core markets, (ii) performance of financial markets, including emerging markets, (iii) the frequency and severity of insured loss events, (iv) mortality and morbidity levels, (v) persistency and lapse levels, (vi) interest rates, (vii) currency exchange rates, (viii) general competitive factors, (ix) changes in laws and regulations and (x) changes in the policies of governments and/or regulatory authorities. Factors that may cause actual results to differ from those in any forward-looking statement also include those described under “Risk Factors,” and “Management’s Discussion and Analysis of Results of Operations and Financial Condition—Trends and Uncertainties” in our Form 10-Q, and under “Risk Factors,” “Management’s Discussion and Analysis of Results of Operations and Financial Condition—Trends and Uncertainties” and “Business—Closed Blocks—Closed Block Variable Annuity” in our Form S-1 Registration Statement (file no. 333-184847), both filed or to be filed with the Securities and Exchange Commission.

16

EX-99.2

ING U.S.Quarterly Investor Supplement

June 3 0 , 2 0 1 3

This report should be read in conjunction with ING U.S. Inc.‘s Quarterly Report on Form 10-Q for the period ended June 30, 2013 as filed with the Securities and Exchange Commission. All financial information is unaudited.

ING U.S.

Table of Contents

Page

Consolidated

Explanatory Note on Non-GAAP Financial Information 3-4

Organizational Chart 5

Key Metrics 6

Return on Capital 7

Adjusted Operating Earnings Before Interest, After Income Taxes 8

Consolidated Balance Sheets 9

Consolidated Statements of Operations 10

Ongoing Business Sources of Operating Earnings 11

Consolidated Earnings Before Income Taxes 12

Operating Earnings by Segment 13-14

Operating Revenues and Operating Earnings by Segment 15

Adjusted Operating Earnings by Segment 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

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

General Account

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

Average Capital and Financial Leverage 64

Operating Revenues by Segment 65

Ongoing Business Sources of Earnings Reconciliation 66-68

Fixed Maturity Securities—Hannover Life Re Modco Reinsurance 69

Financial Ratings 70

Page 2 of 70

Operating earnings before income taxes is an internal measure we use to evaluate segment performance. Operating earnings before income taxes does not replace net income (loss) as the GAAP measure of the consolidated results of operations and consists of operating revenues less operating benefits and expenses. 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 DAC, 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. All 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 business exited through reinsurance or divestment;

Income (loss) attributable to noncontrolling interests;

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 post-employment benefit obligations and gains (losses) from plan amendments and curtailments; and

Other items, including restructuring expenses (severance, lease write-offs, etc.), integration expenses related to our acquisition of CitiStreet and certain third-party expenses and deal incentives related to the anticipated divestment of the Company by ING Group.

Page 3 of 70

ING U.S

Explanatory Note on Non-GAAP Financial Information

Adjusted operating earnings is also an internal measure we use to evaluate segment performance. This measure excludes from operating earnings the following items: (1) DAC/VOBA and other intangibles unlocking and (2) investment portfolio restructurings implemented in 2012. DAC/VOBA and other intangibles unlocking can be volatile, so excluding the effect of this can improve period to period comparability. The investment portfolio restructurings in 2012 reduced the run-rate level of investment income, and we believe that such effects are not reflective of the performance of our Ongoing Business.

In addition to book value per share including accumulate other comprehensive income (AOCI), we look at book value per share 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, so book value per share excluding AOCI provides a metric consistent with that view.

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 operating earnings before income taxes. When we present the adjustments to Income (loss) before income taxes on a consolidated basis, each adjustment excludes the relative portions attributable to our Closed Block Variable Annuity segment.

The most directly comparable GAAP measure to operating earnings before income taxes is net income (loss) before income taxes. For a reconciliation of operating earnings before income taxes to income (loss) before income taxes, refer to the “Consolidated Earnings Before Income Taxes” page in this document.

Operating revenues is a measure of our segment revenues. We calculate operating revenues by adjusting each segment’s revenue 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. All 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 interests;

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 Closed Block Variable Annuity segment, since this segment is managed to focus on protecting regulatory and rating agency capital rather than achieving operating metrics. When we present the adjustments to Total revenues on a consolidated basis, each adjustment excludes the relative portions attributable to our Closed Block Variable Annuity segment.

The most directly comparable GAAP measure to operating revenues is total revenues. For a reconciliation of operating revenue to total revenues, please refer to the “Operating Revenues by Segment” page in this document.

We analyze our Ongoing Business 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 AUM, 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.

Page 4 of 70

ING U.S.

Organizational Chart

ING U.S.

Ongoing Business

Retirement Solutions

Investment Management

Insurance Solutions

Closed Blocks

Corporate

Retirement

Annuities

Full Service

Plans

Recordkeeping

Services

Stable value

Plans

IRAs

Brokerage

accounts

Fixed Indexed annuities

Annuity and custodial products

Retirement, Retail Institutional Funds

Fixed Income

Equity

Multi-assets strategies and solutions

Senior bank loans

Alternatives

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

Page 5 of 70

ING U.S. Key Metrics

Three Months Ended Year-to-Date

6/30/13 3/31/13 12/31/12 9/30/12 6/30/12 6/30/13 6/30/12

(in millions USD, except for per share data)

Operating earnings before income taxes—Ongoing Business 306.8 285.4 228.9 306.4 191.7 592.2 455.6

Operating earnings before income taxes—ING U.S. 272.0 256.7 209.1 270.6 198.8 528.7 438.6

Net income (loss)(85.3)(225.5)(106.9) 386.8 852.1(310.8) 331.3

Net income (loss) attributable to noncontrolling interest(3.1)(13.5)(84.2) 20.3 217.7(16.6) 202.1

Net income (loss) available to ING U.S. Inc.‘s common shareholders(82.2)(212.0)(22.7) 366.5 634.4(294.2) 129.2

Ongoing Business operating return on equity (1) 10.4% 9.5% N/A N/A N/A 9.9% N/A

Debt to Capital (Excluding AOCI) 26.2% 27.2% 27.3% 27.6% 28.6% 26.2% 28.6%

Per Share Data:

Operating earnings per share 0.71 0.73 0.59 0.76 0.56 1.43 1.24

Net income (loss) per share(0.33)(0.92)(0.10) 1.59 2.76(1.22) 0.56

Total ING U.S. Inc. Shareholders’ Equity—Excluding AOCI 10,383.8 9,938.3 10,164.2 10,209.0 9,820.3 10,383.8 9,820.3

Book value per share (Excluding AOCI) 39.82 43.21 44.19 44.39 42.70 39.82 42.70

Weighted average shares outstanding (in millions) 250.3 230.0 230.0 230.0 230.0 240.2 230.0

Ending shares outstanding (in millions) 260.8 230.0 230.0 230.0 230.0 260.8 230.0

(1) Assumes debt-to-capital ratio of approximately 25% in each year and a weighted average pre-tax interest rate of approximately 5.5% on financial leverage

Page 6 of 70

ING U.S.

Return on Capital

Six Months Ended June 30, 2013

Retirement Solutions Investment Insurance Solutions Ongoing Closed Block Corporate and Consolidated

Retirement Annuities Management Individual Life Employee Business Variable Annuity Other Closed

Benefits Blocks

(in millions USD, unless otherwise indicated)

Beginning Capital (1) 3,822 1,810 303 2,760 362 9,057 5,066(150) 13,973

Ending Capital 3,876 1,788 296 2,874 356 9,190 3,983 894 14,067

Average Capital (2) 3,849 1,799 300 2,817 359 9,124 4,525 372 14,021

Adjusted operating earnings before interest and

after income taxes 174.4 63.0 46.3 64.0 30.2 377.9—14.0 391.9

Operating Return on Capital 9.1% 7.0% 30.9% 4.5% 16.8% 8.3%—N/M 5.6%

Ongoing Business Operating Return on Equity (3) 9.9%

Year Ended December 31, 2012

Retirement Solutions Investment Insurance Solutions Ongoing Closed Block Corporate and Consolidated

Retirement Annuities Management Individual Life Employee Business Variable Annuity Other Closed

Benefits Blocks

(in millions USD, unless otherwise indicated)

Beginning Capital 4,333 2,471 275 2,545 413 10,037 3,452 311 13,800

Ending Capital 4,284 1,949 303 2,858 429 9,823 3,262 888 13,973

Average Capital (2) 4,308 2,210 289 2,702 421 9,930 3,357 599 13,886

Adjusted operating earnings before interest and

after income taxes 308.1 129.7 86.0 115.7 71.0 710.5—39.6 750.1

Operating Return on Capital 7.2% 5.9% 29.8% 4.3% 16.9% 7.2%—6.6% 5.4%

Ongoing Business Operating Return on Equity (3) 8.3%

(1) The 1/1/13 beginning capital is different than the 12/31/12 ending capital at the segment level due to certain

reallocations of capital, primarily due to recapitalization activity (completed and anticipated).

(2) Total Company average 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 ING U.S., 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.

(3) Assumes debt-to-capital ratio of approximately 25% in each year and a weighted average pre-tax interest rate of

approximately 5.5% on financial leverage.

Page 7 of 70

ING U.S.

Adjusted Operating Earnings Before Interest, After Income Taxes

Six Months Ended June 30, 2013

Retirement Solutions Investment Insurance Solutions Ongoing Business Closed Block Corporate and Other Consolidated

Retirement Annuities Management Individual Life Employee Benefits Variable Annuity Closed Blocks

(in millions USD, unless otherwise indicated)

Operating earnings before income taxes 269.9 113.8 71.2 90.8 46.5 592.2 -(63.5) 528.7

Less:

Interest expense — — — -(85.1)(85.1)

DAC/VOBA and other intangibles unlocking 1.6 16.9 -(7.6)—10.9 — 10.9

Adjusted operating earnings before interest 268.3 96.9 71.2 98.4 46.5 581.3—21.6 602.9

Income tax expense (2) 93.9 33.9 24.9 34.4 16.3 203.4—7.6 211.0

Adjusted operating earnings before interest and

after income taxes 174.4 63.0 46.3 64.0 30.2 377.9—14.0 391.9

Year Ended December 31, 2012

Retirement Solutions Investment Insurance Solutions Ongoing Business Closed Block Corporate and Other Consolidated

Retirement Annuities Management Individual Life Employee Benefits Variable Annuity Closed Blocks

(in millions USD, unless otherwise indicated)

Operating earnings before income taxes 448.6 102.2 134.5 196.2 109.4 990.9 -(72.6) 918.3

Less:

Interest expense —(127.8)(127.8)

DAC/VOBA and other intangibles unlocking 5.8(86.2)—3.4 -(77.0) —(77.0)

Impact of investment portfolio restructuring (1)(31.2)(11.2) 2.2 14.8 0.1(25.3) -(5.8)(31.1)

Adjusted operating earnings before interest 474.0 199.6 132.3 178.0 109.3 1,093.2—61.0 1,154.2

Income tax expense (2) 165.9 69.9 46.3 62.3 38.3 382.7—21.4 404.1

Adjusted operating earnings before interest and

after income taxes 308.1 129.7 86.0 115.7 71.0 710.5—39.6 750.1

(1) Includes the net loss included in operating earnings from the sale of certain alternative investments

and investment income associated with assets disposed of during the portfolio restructuring effected

during 2012.

(2) Based on an assumed effective tax rate of 35%.

Page 8 of 70

ING U.S.

Consolidated Balance Sheets

Balances as of

(in millions USD) 6/30/13 3/31/13 12/31/12 9/30/12 6/30/12

Assets

Total investments 89,504.8 92,213.8 95,487.6 95,194.7 95,316.1

Cash and cash equivalents 1,549.8 2,787.7 1,786.8 2,078.7 1,815.3

Assets held in separate accounts 102,228.9 103,098.3 97,667.4 96,312.2 92,965.6

Reinsurance recoverable 7,053.0 7,151.0 7,379.3 7,565.9 7,602.7

Short term investments under securities loan agreement and

accrued investment income 1,322.2 1,764.3 1,527.5 1,312.8 1,426.0

Deferred policy acquisition costs, Value of business acquired 5,060.5 4,019.6 3,656.3 3,623.8 3,938.2

Goodwill and other intangible assets 333.0 341.8 348.5 358.9 360.4

Other assets (1) 1,548.3 1,363.7 1,575.2 1,582.6 1,704.0

Assets related to consolidated investment entities 8,523.0 8,109.8 6,965.6 6,181.0 6,036.4

Total Assets 217,123.5 220,850.0 216,394.2 214,210.6 211,164.7

Liabilities

Future policy benefits and contract owner account balances 85,561.9 85,875.1 86,055.7 86,294.8 87,522.5

Liabilities related to separate accounts 102,228.9 103,098.3 97,667.4 96,312.2 92,965.6

Funds held under reinsurance agreements 1,281.6 1,170.8 1,236.6 1,265.3 1,256.8

Payables under securities loan agreements, including collateral held 470.6 1,348.8 1,509.8 1,299.8 1,736.7

Short-term debt 138.6 321.2 1,064.6 774.9 889.6

Long-term debt 3,265.7 3,440.8 3,171.1 3,642.7 3,543.6

Other liabilities (2) 3,796.5 4,743.3 5,506.0 5,572.0 5,413.3

Liabilities related to consolidated investment entities 5,732.6 5,252.8 4,121.8 3,097.4 2,753.7

Total Liabilities 202,476.4 205,251.1 200,333.0 198,259.1 196,081.8

Shareholders’ Equity

Common stock 2.6 2.3 2.3 2.3 2.3

Additional paid-in capital 23,592.7 22,909.9 22,917.6 22,897.7 22,886.3

Retained earnings (deficit)(13,211.5)(12,973.9)(12,755.7)(12,691.0)(13,068.3)

Total ING U.S. Inc. Shareholders’ Equity—Excluding AOCI 10,383.8 9,938.3 10,164.2 10,209.0 9,820.3

Accumulated other comprehensive income 2,087.8 3,452.8 3,710.7 3,701.5 3,021.5

Total ING U.S. Inc. Shareholders’ Equity 12,471.6 13,391.1 13,874.9 13,910.5 12,841.8

Noncontrolling interest 2,175.5 2,207.8 2,186.3 2,041.0 2,241.1

Total Shareholders’ Equity 14,647.1 15,598.9 16,061.2 15,951.5 15,082.9

Total Liabilities and Shareholders’ Equity 217,123.5 220,850.0 216,394.2 214,210.6 211,164.7

(1) Includes Other assets and Sales inducements to contract holders

(2) Includes Other liabilities, Derivatives, Pension and other post-

employment provisions, Current income taxes, and Deferred income taxes

Page 9 of 70

ING U.S.

Consolidated Statements of Operations

Three Months Ended Year-to-Date

(in millions USD) 6/30/13 3/31/13 12/31/12 9/30/12 6/30/12 6/30/13 6/30/12

Revenues

Net investment income 1,112.2 1,198.7 1,055.4 1,226.2 1,138.9 2,310.9 2,416.3

Fee income 909.7 891.9 890.6 872.9 862.9 1,801.6 1,751.9

Premiums 474.8 471.9 471.2 453.5 474.8 946.7 936.4

Net realized gains (losses)(565.9)(874.8)(384.2)(132.4) 485.7(1,440.7)(764.2)

Income (loss) related to consolidated investment entities 103.7 35.3 79.0 46.9 299.1 139.0 317.3

Other revenues 106.1 95.6 91.8 97.2 100.5 201.7 189.5

Total revenues 2,140.6 1,818.6 2,203.8 2,564.3 3,361.9 3,959.2 4,847.2

Benefits and expenses

Interest credited and other benefits to contract owners/policyholders(1,229.9)(1,061.4)(1,225.3)(1,106.5)(1,511.6)(2,291.3)(2,529.8)

Operating expenses(770.2)(759.1)(824.1)(858.9)(712.6)(1,529.3)(1,472.0)

Net amortization of DAC/VOBA(124.5)(130.5)(182.4)(150.0)(216.2)(255.0)(389.9)

Interest expense(43.8)(44.4)(44.7)(46.6)(38.1)(88.2)(62.4)

Operating expenses related to consolidated investment entities(47.4)(37.5)(35.4)(28.4)(30.3)(84.9)(52.9)

Total benefits and expenses(2,215.8)(2,032.9)(2,311.9)(2,190.4)(2,508.8)(4,248.7)(4,507.0)

Income (loss) before income taxes(75.2)(214.3)(108.1) 373.9 853.1(289.5) 340.2

Page 10 of 70

ING U.S.

Ongoing Business Sources of Operating Earnings

Three Months Ended Year-to-Date

(in millions USD) 6/30/13 3/31/13 12/31/12 9/30/12 6/30/12 6/30/13 6/30/12

Sources of operating earnings before income

taxes:

Investment spread and other investment income 361.0 363.7 342.4 371.8 329.0 724.7 714.8

Fee based margin 364.2 343.6 350.0 336.0 320.8 707.8 651.5

Net underwriting gain (loss) and other revenue 204.1 179.9 222.1 214.1 178.6 384.0 358.6

Administrative expenses(416.1)(400.3)(422.0)(410.7)(414.7)(816.4)(836.5)

Trail commissions(66.0)(66.1)(63.3)(61.2)(59.5)(132.1)(124.5)

DAC/VOBA and other intangibles amortization,

excluding unlocking(144.0)(142.7)(151.6)(150.0)(148.7)(286.7)(273.6)

DAC/VOBA and other intangibles unlocking 3.6 7.3(48.7) 6.4(13.8) 10.9(34.7)

Operating earnings before income taxes 306.8 285.4 228.9 306.4 191.7 592.2 455.6

Page 11 of 70

ING U.S.

Consolidated Earnings Before Income Taxes

Three Months Ended Year-to-Date

(in millions USD) 6/30/13 3/31/13 12/31/12 9/30/12 6/30/12 6/30/13 6/30/12

Operating revenues

Net investment income and net realized gains (losses) 962.0 985.6 978.6 1,005.6 970.5 1,947.6 2,036.7

Fee income 628.3 608.0 613.7 589.3 599.4 1,236.3 1,200.6

Premiums 473.3 470.5 472.0 454.1 475.6 943.8 938.0

Other revenue 33.9 26.4 31.3 27.7 33.5 60.3 58.8

Total operating revenues 2,097.5 2,090.5 2,095.6 2,076.7 2,079.0 4,188.0 4,234.1

Operating benefits and expenses

Interest credited and other benefits to contract owners/policyholders(1,126.8)(1,151.8)(1,126.3)(1,145.5)(1,194.6)(2,278.6)(2,408.2)

Operating expenses(532.5)(517.4)(533.0)(521.2)(492.1)(1,049.9)(1,040.8)

Net amortization of DAC/VOBA(122.7)(120.9)(184.2)(94.1)(156.4)(243.6)(285.1)

Interest expense(43.5)(43.7)(43.0)(45.3)(37.1)(87.2)(61.4)

Total operating benefits and expenses(1,825.5)(1,833.8)(1,886.5)(1,806.1)(1,880.2)(3,659.3)(3,795.5)

Operating earnings before income taxes 272.0 256.7 209.1 270.6 198.8 528.7 438.6

Adjustments:

Closed Block Variable Annuity(338.4)(477.1)(167.3) 0.8 381.9(815.5)(525.8)

Net investment gains (losses) and related charges and adjustments 0.8 41.8 54.7 207.9 132.6 42.6 192.9

Net guaranteed benefit hedging gains (losses) and related charges and adjustments 32.4 3.1(16.7) 20.6(44.1) 35.5 93.3

Income (loss) related to businesses exited through reinsurance or divestment(17.0)(16.9)(11.7)(9.9)(11.6)(33.9)(24.2)

Income (loss) attributable to noncontrolling interests(3.1)(13.5)(84.2) 20.3 217.7(16.6) 202.1

Other adjustments to operating earnings*(21.9)(8.4)(92.0)(136.4)(22.2)(30.3)(36.7)

Total non-operating(347.2)(471.0)(317.2) 103.3 654.3(818.2)(98.4)

Income (loss) before income taxes(75.2)(214.3)(108.1) 373.9 853.1(289.5) 340.2

* Other adjustments to operating earnings above includes:

Immediate recognition of actuarial gains (losses) related to pension and other post-employment benefit

obligations and any impact of plan amendments, and other items, including restructuring expenses

(severance, lease write-offs, etc.), integration expenses related to the Company’s acquisition of

CitiStreet and certain third-party expenses related to the anticipated divestment of the Company by ING

Group

Page 12 of 70

ING U.S.

Operating Earnings by Segment

(in millions USD) Three Months Ended June 30, 2013

Retirement Solutions Investment Insurance Solutions Ongoing Business Corporate Closed Blocks Consolidated

Retirement Annuities Management Individual Life Employee Benefits

Operating revenues

Net investment income and net realized gains (losses) 388.8 283.5 6.1 215.4 27.9 921.7 8.3 32.0 962.0

Fee income 189.0 11.2 132.3 280.0 15.8 628.3 — 628.3

Premiums 3.8 6.7—192.1 269.0 471.6—1.7 473.3

Other revenue 15.3 2.6 10.2 7.3(1.0) 34.4(0.4)(0.1) 33.9

Total operating revenues 596.9 304.0 148.6 694.8 311.7 2,056.0 7.9 33.6 2,097.5

Operating benefits and expenses

Interest credited and other benefits to contract owners/policyholders(212.1)(183.9) -(512.4)(213.2)(1,121.6) 0.2(5.4)(1,126.8)

Operating expenses(210.0)(32.2)(107.5)(94.6)(60.5)(504.8)(17.6)(10.1)(532.5)

Net amortization of DAC/VOBA(42.7)(28.4) -(47.6)(3.9)(122.6) -(0.1)(122.7)

Interest expense — -(0.2) -(0.2)(43.3) -(43.5)

Total operating benefits and expenses(464.8)(244.5)(107.5)(654.8)(277.6)(1,749.2)(60.7)(15.6)(1,825.5)

Operating earnings before income taxes 132.1 59.5 41.1 40.0 34.1 306.8(52.8) 18.0 272.0

Three Months Ended June 30, 2012

Retirement Solutions Investment Insurance Solutions Ongoing Business Corporate Closed Blocks Consolidated

Retirement Annuities Management Individual Life Employee Benefits

Operating revenues

Net investment income and net realized gains (losses) 347.2 304.2 13.3 224.0 25.6 914.3 18.5 37.7 970.5

Fee income 173.6 8.2 114.1 288.0 15.5 599.4 — 599.4

Premiums 3.0 11.7—186.7 272.3 473.7—1.9 475.6

Other revenue 15.1 4.6 2.8 10.5 0.4 33.4 0.8(0.7) 33.5

Total operating revenues 538.9 328.7 130.2 709.2 313.8 2,020.8 19.3 38.9 2,079.0

Operating benefits and expenses

Interest credited and other benefits to contract owners/policyholders(210.4)(219.6) -(531.0)(223.2)(1,184.2) 5.7(16.1)(1,194.6)

Operating expenses(207.6)(31.1)(99.0)(95.4)(57.6)(490.7)(19.2) 17.8(492.1)

Net amortization of DAC/VOBA(49.4)(50.9) -(47.4)(3.9)(151.6)(4.6)(0.2)(156.4)

Interest expense(0.4)(0.2) -(2.0) -(2.6)(33.9)(0.6)(37.1)

Total operating benefits and expenses(467.8)(301.8)(99.0)(675.8)(284.7)(1,829.1)(52.0) 0.9(1,880.2)

Operating earnings before income taxes 71.1 26.9 31.2 33.4 29.1 191.7(32.7) 39.8 198.8

Page 13 of 70

ING U.S.

Operating Earnings by Segment

(in millions USD) Six Months Ended June 30, 2013

Retirement Solutions Investment Insurance Solutions Ongoing Business Corporate Closed Blocks Consolidated

Retirement Annuities Management Individual Life Employee Benefits

Operating revenues

Net investment income and net realized gains (losses) 777.7 570.6 8.9 432.3 56.3 1,845.8 25.8 76.0 1,947.6

Fee income 372.8 21.1 254.0 556.8 31.6 1,236.3 — 1,236.3

Premiums 4.3 14.5—377.9 543.9 940.6—3.2 943.8

Other revenue 25.3 5.4 17.6 14.9(2.0) 61.2(0.8)(0.1) 60.3

Total operating revenues 1,180.1 611.6 280.5 1,381.9 629.8 4,083.9 25.0 79.1 4,188.0

Operating benefits and expenses

Interest credited and other benefits to contract owners/policyholders(416.7)(368.3) -(1,014.0)(455.8)(2,254.8) 1.9(25.7)(2,278.6)

Operating expenses(414.0)(63.2)(209.3)(185.5)(120.5)(992.5)(43.6)(13.8)(1,049.9)

Net amortization of DAC/VOBA(79.5)(66.3) -(90.5)(7.0)(243.3)(0.1)(0.2)(243.6)

Interest expense — -(1.1) -(1.1)(86.1) -(87.2)

Total operating benefits and expenses(910.2)(497.8)(209.3)(1,291.1)(583.3)(3,491.7)(127.9)(39.7)(3,659.3)

Operating earnings before income taxes 269.9 113.8 71.2 90.8 46.5 592.2(102.9) 39.4 528.7

Six Months Ended June 30, 2012

Retirement Solutions Investment Insurance Solutions Ongoing Business Corporate Closed Blocks Consolidated

Retirement Annuities Management Individual Life Employee Benefits

Operating revenues

Net investment income and net realized gains (losses) 735.3 633.2 18.7 471.0 57.3 1,915.5 32.4 88.8 2,036.7

Fee income 350.7 15.6 232.0 571.3 30.9 1,200.5—0.1 1,200.6

Premiums 3.5 23.5—366.1 540.7 933.8—4.2 938.0

Other revenue 29.8 7.6 10.1 12.8(1.8) 58.5 1.1(0.8) 58.8

Total operating revenues 1,119.3 679.9 260.8 1,421.2 627.1 4,108.2 33.5 92.3 4,234.1

Operating benefits and expenses

Interest credited and other benefits to contract owners/policyholders(418.8)(461.5) -(1,035.8)(457.2)(2,373.3) 5.6(40.5)(2,408.2)

Operating expenses(421.5)(62.3)(196.6)(192.4)(118.8)(991.6)(63.0) 13.8(1,040.8)

Net amortization of DAC/VOBA(83.2)(92.5) -(98.0)(6.4)(280.1)(4.7)(0.3)(285.1)

Interest expense(0.8)(0.3) -(6.6) -(7.7)(52.5)(1.2)(61.4)

Total operating benefits and expenses(924.3)(616.6)(196.6)(1,332.8)(582.4)(3,652.7)(114.6)(28.2)(3,795.5)

Operating earnings before income taxes 195.0 63.3 64.2 88.4 44.7 455.6(81.1) 64.1 438.6

Page 14 of 70

ING U.S.

Operating Revenues and Operating Earnings by Segment

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

6/30/13 3/31/13 12/31/12 9/30/12 6/30/12 6/30/13 6/30/12

Operating Revenues

Retirement 596.9 583.2 570.5 582.1 538.9 1,180.1 1,119.3

Annuities 304.0 307.6 317.4 309.7 328.7 611.6 679.9

Total Retirement Solutions 900.9 890.8 887.9 891.8 867.6 1,791.7 1,799.2

Investment Management 148.6 131.9 142.5 142.2 130.2 280.5 260.8

Individual Life 694.8 687.1 694.2 678.5 709.2 1,381.9 1,421.2

Employee Benefits 311.7 318.1 313.6 310.5 313.8 629.8 627.1

Total Insurance Solutions 1,006.5 1,005.2 1,007.8 989.0 1,023.0 2,011.7 2,048.3

Ongoing Business 2,056.0 2,027.9 2,038.2 2,023.0 2,020.8 4,083.9 4,108.3

Corporate 7.9 17.1 19.2 13.2 19.3 25.0 33.5

Total Closed Blocks 33.6 45.5 38.2 40.5 38.9 79.1 92.3

Total operating revenues 2,097.5 2,090.5 2,095.6 2,076.7 2,079.0 4,188.0 4,234.1

Operating Earnings

Retirement 132.1 137.8 108.2 145.4 71.1 269.9 195.0

Annuities 59.5 54.3 6.3 32.6 26.9 113.8 63.3

Total Retirement Solutions 191.6 192.1 114.5 178.0 98.0 383.7 258.3

Investment Management 41.1 30.1 31.2 39.1 31.2 71.2 64.2

Individual Life 40.0 50.8 54.6 53.2 33.4 90.8 88.4

Employee Benefits 34.1 12.4 28.6 36.1 29.1 46.5 44.7

Total Insurance Solutions 74.1 63.2 83.2 89.3 62.5 137.3 133.1

Ongoing Business 306.8 285.4 228.9 306.4 191.7 592.2 455.6

Corporate(52.8)(50.1)(43.6)(57.6)(32.7)(102.9)(81.1)

Total Closed Blocks 18.0 21.4 23.8 21.8 39.8 39.4 64.1

Total operating earnings before income taxes 272.0 256.7 209.1 270.6 198.8 528.7 438.6

Closed Block Variable Annuity(338.4)(477.1)(167.3) 0.8 381.9(815.5)(525.8)

Net investment gains (losses) and related charges and adjustments 0.8 41.8 54.7 207.9 132.6 42.6 192.9

Net guaranteed benefit hedging gains (losses) and related charges and adjustments 32.4 3.1(16.7) 20.6(44.1) 35.5 93.3

Other non-operating*(42.0)(38.8)(187.9)(126.0) 183.9(80.8) 141.2

Total adjustments(347.2)(471.0)(317.2) 103.3 654.3(818.2)(98.4)

Income (loss) before income taxes(75.2)(214.3)(108.1) 373.9 853.1(289.5) 340.2

Less: Income tax expense (benefit) 10.1 11.2(1.2)(12.9) 1.0 21.3 8.9

Net income (loss)(85.3)(225.5)(106.9) 386.8 852.1(310.8) 331.3

Net income (loss) attributable to noncontrolling interest(3.1)(13.5)(84.2) 20.3 217.7(16.6) 202.1

Net income (loss) available to ING U.S. Inc.‘s common shareholders(82.2)(212.0)(22.7) 366.5 634.4(294.2) 129.2

* Other non-operating above includes:

Income (loss) related to businesses exited through reinsurance or divestment; income (loss) attributable to non-

controlling interests; immediate recognition of actuarial gains (losses) related to pension and other post-

employment benefit obligations and any impact of plan amendments; and other items, including restructuring

expenses (severance, lease write-offs, etc.), integration expenses related to the Company’s acquisition of CitiStreet

and certain third-party expenses related to the anticipated divestment of the Company by ING Group

Page 15 of 70

ING U.S.

Adjusted Operating Earnings by Segment

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

6/30/13 3/31/13 12/31/12 9/30/12 6/30/12 6/30/13 6/30/12

Operating Earnings

Retirement 132.1 137.8 108.2 145.4 71.1 269.9 195.0

Annuities 59.5 54.3 6.3 32.6 26.9 113.8 63.3

Total Retirement Solutions 191.6 192.1 114.5 178.0 98.0 383.7 258.3

Investment Management 41.1 30.1 31.2 39.1 31.2 71.2 64.2

Individual Life 40.0 50.8 54.6 53.2 33.4 90.8 88.4

Employee Benefits 34.1 12.4 28.6 36.1 29.1 46.5 44.7

Total Insurance Solutions 74.1 63.2 83.2 89.3 62.5 137.3 133.1

Ongoing Business 306.8 285.4 228.9 306.4 191.7 592.2 455.6

Corporate(52.8)(50.1)(43.6)(57.6)(32.7)(102.9)(81.1)

Total Closed Blocks 18.0 21.4 23.8 21.8 39.8 39.4 64.1

Total operating earnings before income taxes 272.0 256.7 209.1 270.6 198.8 528.7 438.6

Adjustments to operating earnings

Retirement(1.4) 3.0(8.9) 14.9(55.1) 1.6(31.5)

Annuities 9.9 7.0(44.4)(13.2)(27.1) 16.9(39.8)

Total Retirement Solutions 8.5 10.0(53.3) 1.7(82.2) 18.5(71.3)

Investment Management — — 2.2—2.2

Individual Life(4.9)(2.7) 4.6 8.6(3.3)(7.6) 5.0

Employee Benefits ——0.6(3.8) -(0.5)

Total Insurance Solutions(4.9)(2.7) 4.6 9.2(7.1)(7.6) 4.5

Ongoing Business 3.6 7.3(48.7) 10.9(87.1) 10.9(64.6)

Corporate(43.2)(41.9)(39.2)(39.8)(32.1)(85.1)(48.8)

Total Closed Blocks — —(10.1) -(5.8)

Total adjustments to operating earnings(39.6)(34.6)(87.9)(28.9)(129.3)(74.2)(119.2)

Adjusted Operating Earnings

Retirement 133.5 134.8 117.1 130.5 126.2 268.3 226.5

Annuities 49.6 47.3 50.7 45.8 54.0 96.9 103.1

Total Retirement Solutions 183.1 182.1 167.8 176.3 180.2 365.2 329.6

Investment Management 41.1 30.1 31.2 39.1 29.0 71.2 62.0

Individual Life 44.9 53.5 50.0 44.6 36.7 98.4 83.4

Employee Benefits 34.1 12.4 28.6 35.5 32.9 46.5 45.2

Total Insurance Solutions 79.0 65.9 78.6 80.1 69.6 144.9 128.6

Ongoing Business 303.2 278.1 277.6 295.5 278.8 581.3 520.2

Corporate(9.6)(8.2)(4.4)(17.8)(0.6)(17.8)(32.3)

Total Closed Blocks 18.0 21.4 23.8 21.8 49.9 39.4 69.9

Total adjusted operating earnings before interest and income taxes 311.6 291.3 297.0 299.5 328.1 602.9 557.8

Page 16 of 70

ING U.S.

DAC/VOBA Segment Trends

Three Months Ended Year-to-Date

(in millions USD) 6/30/13 3/31/13 12/31/12 9/30/12 6/30/12 6/30/13 6/30/12

Retirement

Balance as of beginning-of-period 843.1 712.4 667.6 849.5 949.6 712.4 987.2

Deferrals of commissions and expenses 25.8 28.3 34.6 32.8 30.1 54.1 60.6

Amortization:

Operating(41.3)(39.8)(35.7)(43.1)(44.3)(81.1)(81.9)

Non-Operating 17.8(2.5)(7.6)(7.3)(33.3) 15.3(70.2)

Unlocking:

Operating(1.4) 3.0(8.9) 15.9(5.1) 1.6(1.2)

Non-Operating 15.4 16.1 19.0 24.2 16.1 31.5 36.7

Change in unrealized capital gains/losses 418.9 125.6 43.4(204.4)(63.7) 544.5(81.7)

Balance as of End-of-Period 1,278.3 843.1 712.4 667.6 849.5 1,278.3 849.5

Annuities

Balance as of beginning-of-period 292.4 260.7 295.8 418.5 496.9 260.7 606.6

Deferrals of commissions and expenses 20.8 17.4 22.2 24.1 27.0 38.2 50.7

Amortization:

Operating(38.5)(44.8)(43.9)(31.7)(42.2)(83.3)(63.6)

Non-Operating(21.8)(9.7) 4.5(31.4)(20.4)(31.5)(28.1)

Unlocking:

Operating 9.9 7.0(44.4)(12.9)(8.6) 16.9(28.9)

Non-Operating 8.0 6.5 1.8 6.7 4.3 14.5 2.9

Change in unrealized capital gains/losses 247.8 55.3 24.7(77.5)(38.6) 303.1(121.1)

Balance as of End-of-Period 518.6 292.4 260.7 295.8 418.5 518.6 418.5

Individual Life

Balance as of beginning-of-period 2,247.2 2,127.6 2,067.4 2,088.1 2,240.7 2,127.6 2,067.8

Deferrals of commissions and expenses 50.1 52.8 69.6 81.4 98.5 102.9 194.0

Amortization:

Operating(48.4)(44.9)(57.2)(60.2)(47.4)(93.3)(95.0)

Non-Operating(2.2)(3.5)(0.6)(65.0)(11.4)(5.7)(13.6)

Unlocking:

Operating 0.9 3.0 9.8 43.5(0.3) 3.9(3.3)

Non-Operating(0.8)(0.6)(0.3) 30.3 1.9(1.4) 0.3

Change in unrealized capital gains/losses 391.4 112.8 38.8(50.6)(193.9) 504.2(62.1)

Balance as of End-of-Period 2,638.2 2,247.2 2,127.6 2,067.4 2,088.1 2,638.2 2,088.1

Other (1)

Balance as of beginning-of-period 104.1 102.6 100.6 102.4 106.4 102.6 104.3

Deferrals of commissions and expenses 6.1 5.5 5.3 5.2 6.0 11.6 11.1

Amortization:

Operating(6.8)(3.3)(3.4)(5.8)(8.7)(10.1)(12.7)

Non-Operating

Unlocking:

Operating

Non-Operating

Change in unrealized capital gains/losses 2.3(0.7) -(1.2)(1.3) 1.6(0.4)

Balance as of End-of-Period 105.7 104.1 102.6 100.6 102.4 105.7 102.3

Closed Block Variable Annuity

Balance as of beginning-of-period 532.8 453.0 492.3 479.8 575.8 453.0 586.4

Deferrals of commissions and expenses 4.3 3.9 4.0 3.3 4.2 8.2 8.5

Amortization:

Operating

Non-Operating(15.5)(14.8)(14.8)(15.4)(14.7)(30.3)(29.9)

Unlocking:

Operating

Non-Operating(1.8)(0.2) 0.2 2.9(1.6)(2.0)(1.4)

Change in unrealized capital gains/losses(0.1) 90.9(28.7) 21.7(83.8) 90.8(83.8)

Balance as of End-of-Period 519.7 532.8 453.0 492.3 479.8 519.7 479.8

Total US

Balance as of beginning-of-period 4,019.6 3,656.3 3,623.8 3,938.2 4,369.5 3,656.3 4,352.3

Deferrals of commissions and expenses 107.1 107.9 135.8 146.8 165.8 215.0 324.9

Amortization:

Operating(135.0)(132.8)(140.2)(140.8)(142.6)(267.8)(253.2)

Non-Operating(21.7)(30.5)(18.5)(119.1)(79.8)(52.2)(141.8)

Unlocking:

Operating 9.4 13.0(43.5) 46.5(14.0) 22.4(33.4)

Non-Operating 20.8 21.8 20.7 64.1 20.7 42.6 38.5

Change in unrealized capital gains/losses 1,060.3 383.9 78.2(311.9)(381.3) 1,444.2(349.1)

Balance as of End-of-Period 5,060.5 4,019.6 3,656.3 3,623.8 3,938.2 5,060.5 3,938.2

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

Page 17 of 70

ING U.S.

Consolidated Capital Structure

Balances as of

(in millions USD) 6/30/13 3/31/13 12/31/12 9/30/12 6/30/12

Financial Debt

Commercial paper—4.0 192.0 299.2 589.6

Senior bonds 3,249.4 2,499.0 1,500.3 1,500.1 650.3

Loans from ING Verzekeringen N.V. 150.0 500.0 500.0 500.0 500.0

Loans from consolidated subs 279.0 274.4 261.1 164.0 189.0

Bank revolver — — 500.0

Bank term loan—425.0 1,350.0 1,425.0 1,500.0

Other debt 4.9 4.9 4.9 4.9 4.9

Total Debt 3,683.3 3,707.3 3,808.3 3,893.2 3,933.8

Equity

Total common equity 10,383.8 9,938.3 10,164.2 10,209.0 9,820.3

Accumulated other comprehensive income (AOCI) 2,087.8 3,452.8 3,710.7 3,701.5 3,021.5

Total ING U.S. Inc. Shareholders’ Equity 12,471.6 13,391.1 13,874.9 13,910.5 12,841.8

Total Equity (Excluding AOCI) 10,383.8 9,938.3 10,164.2 10,209.0 9,820.3

Capital

Total Capitalization 16,154.9 17,098.4 17,683.2 17,803.7 16,775.6

Total Capitalization (Excluding AOCI) 14,067.1 13,645.6 13,972.5 14,102.2 13,754.1

Debt to Capital

Debt to Capital 22.8% 21.7% 21.5% 21.9% 23.4%

Debt to Capital (Excluding AOCI) 26.2% 27.2% 27.3% 27.6% 28.6%

Page 18 of 70

ING U.S.

Consolidated Assets Under Management/Assets Under Administration

(in millions USD)

Total

Institutional/ AUM—Assets Under AUA—Assets Under

Balances as of June 30, 2013 General Account Separate Account Mutual Funds Management Administration Total AUM + AUA

Retirement (1) 27,700.9 52,609.7 16,166.5 96,477.1 220,739.5 317,216.6

Annuities (2) 22,647.3 770.0 2,816.2 26,233.5—26,233.5

Retirement Solutions 50,348.2 53,379.7 18,982.7 122,710.6 220,739.5 343,450.1

Investment Management 80,275.3 41,999.6 68,048.9 190,323.8 55,294.2 245,618.0

Insurance

Individual Life (3) 13,190.7 2,487.0—15,677.7—15,677.7

Employee Benefits 1,747.3 14.8—1,762.1—1,762.1

Insurance Solutions 14,938.0 2,501.8—17,439.8—17,439.8

Eliminations(70,852.1)(37,674.8)(8,624.0)(117,150.9)(55,294.2)(172,445.1)

Total Ongoing Business 74,709.4 60,206.3 78,407.6 213,323.3 220,739.5 434,062.8

Closed Block Variable Annuity 1,336.7 42,022.6—43,359.3—43,359.3

Closed Block Institutional Spread Products 3,685.4 — 3,685.4—3,685.4

Closed Block Other 543.8 — 543.8—543.8

Total AUM and AUA 80,275.3 102,228.9 78,407.6 260,911.8 220,739.5 481,651.3

(1) Retirement AUM include wrapped funds as well as unwrapped IIM-managed funds

(2) Annuities AUM includes Payout annuities

(3) Individual Life AUM includes assets backing interest and non-interest sensitive products

Page 19 of 70

ING U.S. Retirement

Page 20 of 70

ING U.S.

Retirement Sources of Operating Earnings

Three Months Ended Year-to-Date

(in millions USD) 6/30/13 3/31/13 12/31/12 9/30/12 6/30/12 6/30/13 6/30/12

Sources of operating earnings before income taxes:

Investment spread and other investment income 179.5 183.3 169.1 175.1 145.7 362.8 329.3

Fee based margin 205.5 199.0 198.0 196.3 190.0 404.5 381.7

Net underwriting gain (loss) and other revenue(3.0)(6.0)(10.5)(1.5)(5.7)(9.0)(12.0)

Administrative expenses(174.6)(170.0)(170.8)(167.3)(177.8)(344.6)(357.4)

Trail commissions(31.9)(29.9)(31.1)(27.9)(28.0)(61.8)(57.1)

DAC/VOBA and other intangibles amortization, excluding

unlocking(42.0)(41.6)(37.6)(45.2)(48.1)(83.6)(88.3)

DAC/VOBA and other intangibles unlocking(1.4) 3.0(8.9) 15.9(5.0) 1.6(1.2)

Operating earnings before income taxes 132.1 137.8 108.2 145.4 71.1 269.9 195.0

Gross investment income

Fixed income 364.7 356.3 370.7 360.3 365.1 721.0 713.1

Limited partnership income 1.9 2.3(2.0)(0.3) 7.1 4.2 5.7

Prepayment fee income 7.9 10.2 1.1 6.0 5.7 18.1 10.6

Total gross investment income 374.5 368.8 369.8 366.0 377.9 743.3 729.4

Investment expenses(14.7)(14.2)(14.7)(13.2)(13.2)(28.9)(27.0)

Credited interest(203.6)(199.9)(204.7)(201.1)(197.4)(403.5)(394.4)

Net margin 156.2 154.7 150.5 151.7 167.3 310.9 308.0

Other investment income* 23.3 28.6 18.5 23.3(21.6) 51.9 21.3

Investment spread and other investment income 179.5 183.3 169.1 175.1 145.7 362.8 329.3

Fee based margin

Fee based margin—excluding Recordkeeping 145.3 139.2 135.6 133.2 130.1 284.5 261.9

Fee based margin—Recordkeeping 60.3 59.8 62.2 63.1 59.9 120.1 119.8

Fee based margin 205.5 199.0 198.0 196.3 190.0 404.5 381.7

Recordkeeping

Revenue 60.3 59.8 62.2 63.1 59.9 120.1 119.8

Expenses(53.7)(53.1)(56.0)(56.7)(57.5)(106.8)(115.2)

Operating earnings—Recordkeeping 6.6 6.7 6.2 6.4 2.4 13.3 4.6

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

Page 21 of 70

ING U.S.

Retirement Operating Earnings

Three Months Ended Year-to-Date

(in millions USD) 6/30/13 3/31/13 12/31/12 9/30/12 6/30/12 6/30/13 6/30/12

Operating revenues

Net investment income and net realized gains (losses) 388.8 388.9 380.1 384.5 347.2 777.7 735.3

Fee income 189.0 183.8 182.7 181.6 173.6 372.8 350.7

Premiums 3.8 0.5 0.9 0.5 3.0 4.3 3.5

Other revenue 15.3 10.0 6.8 15.5 15.1 25.3 29.8

Total operating revenues 596.9 583.2 570.5 582.1 538.9 1,180.1 1,119.3

Operating benefits and expenses

Interest credited and other benefits to contract owners/policyholders(212.1)(204.6)(212.9)(210.5)(210.4)(416.7)(418.8)

Operating expenses(210.0)(204.0)(204.6)(198.8)(207.6)(414.0)(421.5)

Net amortization of DAC/VOBA(42.7)(36.8)(44.7)(27.1)(49.4)(79.5)(83.2)

Interest expense —(0.1)(0.3)(0.4) -(0.8)

Total operating benefits and expenses(464.8)(445.4)(462.3)(436.7)(467.8)(910.2)(924.3)

Operating earnings before income taxes 132.1 137.8 108.2 145.4 71.1 269.9 195.0

Page 22 of 70

ING U.S.

Retirement AUM/AUA

Balances as of

(in millions USD) 6/30/13 3/31/13 12/31/12 9/30/12 6/30/12

Assets under management by product group

Corporate market 35,916.3 35,441.2 33,265.9 32,609.4 31,143.9

Tax exempt market 49,451.5 49,269.4 46,986.1 46,226.6 44,705.9

Total full service plans 85,367.8 84,710.6 80,252.0 78,836.0 75,849.8

Stable value 8,406.9 8,279.7 7,792.1 6,473.1 6,137.5

Individual market 2,702.4 2,612.0 2,427.1 2,359.4 2,227.1

Total AUM 96,477.1 95,602.3 90,471.2 87,668.5 84,214.4

Recordkeeping/Stable Value AUA 220,739.5 223,034.6 213,675.5 215,513.6 209,881.4

Total AUM/AUA 317,216.6 318,636.9 304,146.7 303,182.1 294,095.8

Assets under management by fund group

General account 27,700.9 27,387.8 27,222.6 26,634.6 26,109.1

Guaranteed separate account 8,027.0 8,287.8 8,273.9 7,315.8 7,030.7

Non-guaranteed separate account 44,582.7 44,229.0 41,151.5 40,589.4 38,683.8

Mutual Funds/Institutional Funds 16,166.5 15,697.7 13,823.2 13,128.7 12,390.8

Total AUM 96,477.1 95,602.3 90,471.2 87,668.5 84,214.4

Recordkeeping/Stable Value AUA 220,739.5 223,034.6 213,675.5 215,513.6 209,881.4

Total AUM and AUA 317,216.6 318,636.9 304,146.7 303,182.1 294,095.8

Page 23 of 70

ING U.S.

Retirement AUM Rollforward

Three Months Ended Year-to-Date

(in millions USD) 6/30/13 3/31/13 12/31/12 9/30/12 6/30/12 6/30/13 6/30/12

Full service—Corporate market

Assets under management, beginning of period 35,441.2 33,265.9 32,609.4 31,143.9 31,680.7 33,265.9 29,134.4

Transfer/Single deposits 529.6 689.7 739.7 529.3 519.8 1,219.3 1,007.1

Recurring deposits 918.4 1,021.7 781.0 840.9 839.7 1,940.1 1,842.4

Deposits 1,448.0 1,711.4 1,520.7 1,370.2 1,359.5 3,159.4 2,849.5

Surrenders, benefits, and product charges(1,190.4)(1,332.5)(1,319.1)(1,262.2)(1,079.1)(2,522.9)(2,418.5)

Net Flows 257.6 378.9 201.6 108.0 280.4 636.5 431.0

Interest credited and investment performance 217.5 1,796.4 455.0 1,357.4(817.2) 2,013.9 1,578.5

Assets under management, end of period 35,916.3 35,441.2 33,265.9 32,609.4 31,143.9 35,916.3 31,143.9

Full service—Tax exempt market

Assets under management, beginning of period 49,269.4 46,986.1 46,226.6 44,705.9 45,304.0 46,986.1 42,691.3

Transfer/Single deposits 356.0 642.0 410.5 388.3 278.7 998.0 559.4

Recurring deposits 805.6 772.9 740.5 686.5 770.0 1,578.5 1,548.4

Deposits 1,161.6 1,414.9 1,151.0 1,074.8 1,048.7 2,576.5 2,107.8

Surrenders, benefits, and product charges(1,261.9)(962.7)(903.3)(990.7)(1,006.7)(2,224.6)(1,876.4)

Net Flows(100.3) 452.2 247.7 84.1 42.0 351.9 231.4

Interest credited and investment performance 282.4 1,831.1 511.9 1,436.6(640.1) 2,113.5 1,783.2

Assets under management, end of period 49,451.5 49,269.4 46,986.1 46,226.6 44,705.9 49,451.5 44,705.9

Stable value (1)

Assets under management, beginning of period 8,279.7 7,792.1 6,473.1 6,137.5 5,838.4 7,792.1 5,560.9

Transfer/Single deposits 207.9 518.7 1,320.1 268.6 354.2 726.6 651.4

Recurring deposits 195.3 71.3 61.8 41.0 94.4 266.6 255.1

Deposits 403.2 590.0 1,381.9 309.6 448.6 993.2 906.5

Surrenders, benefits, and product charges(212.4)(108.9)(97.1)(69.1)(210.1)(321.3)(460.1)

Net Flows 190.8 481.1 1,284.8 240.5 238.5 671.9 446.4

Interest credited and investment performance(63.6) 6.6 34.3 95.2 60.6(57.0) 130.2

Assets under management, end of period 8,406.9 8,279.7 7,792.1 6,473.1 6,137.5 8,406.9 6,137.5

Individual market

Assets under management, beginning of period 2,612.0 2,427.1 2,359.4 2,227.1 2,256.7 2,427.1 2,091.1

Transfer/Single deposits 14.6 14.2 72.4 126.5 95.5 28.8 230.3

Recurring deposits 0.5 0.4 0.1 0.1 0.3 0.9 0.5

Deposits 15.1 14.6 72.5 126.6 95.8 29.7 230.8

Surrenders, benefits, and product charges 78.3 92.6(25.0)(51.3)(100.0) 170.9(163.4)

Net Flows 93.4 107.2 47.5 75.3(4.2) 200.6 67.4

Interest credited and investment performance(3.0) 77.6 20.3 57.0(25.5) 74.6 68.6

Assets under management, end of period 2,702.4 2,612.0 2,427.1 2,359.4 2,227.1 2,702.4 2,227.1

Total AUM (2)

Assets under management, beginning of period 95,602.3 90,471.2 87,668.5 84,214.4 85,079.8 90,471.2 79,477.7

Transfer/Single deposits 1,108.1 1,864.6 2,542.6 1,312.7 1,248.2 2,972.7 2,448.3

Recurring deposits 1,919.9 1,866.3 1,583.4 1,568.5 1,704.4 3,786.2 3,646.4

Deposits 3,028.0 3,730.9 4,126.0 2,881.2 2,952.6 6,758.9 6,094.7

Surrenders, benefits, and product charges(2,586.4)(2,311.5)(2,344.6)(2,373.3)(2,395.8)(4,897.9)(4,918.3)

Net Flows 441.6 1,419.4 1,781.4 507.9 556.8 1,861.0 1,176.4

Interest credited and investment performance 433.2 3,711.7 1,021.5 2,946.1(1,422.2) 4,144.9 3,560.3

Assets under management, end of period 96,477.1 95,602.3 90,471.2 87,668.5 84,214.4 96,477.1 84,214.4

(1) Where ING U.S. is the Investment Manager

(2) Excludes Recordkeeping and Stable Value where ING U.S. is not the Investment Manager

Page 24 of 70

ING U.S. Annuities

Page 25 of 70

ING U.S.

Annuities Sources of Operating Earnings

Three Months Ended Year-to-Date

(in millions USD) 6/30/13 3/31/13 12/31/12 9/30/12 6/30/12 6/30/13 6/30/12

Sources of operating earnings before income taxes:

Investment spread and other investment income 115.4 113.4 118.8 106.6 102.9 228.8 213.4

Fee based margin 11.3 10.5 10.1 9.3 8.4 21.8 17.0

Net underwriting gain (loss) and other revenue 4.4 7.2 5.6 2.2 3.9 11.6 7.0

Administrative expenses(23.2)(21.9)(21.7)(23.5)(22.3)(45.1)(44.9)

Trail commissions(8.6)(8.8)(8.4)(8.2)(8.0)(17.4)(16.3)

DAC/VOBA and other intangibles amortization, excluding

unlocking(49.7)(53.1)(53.7)(40.9)(49.4)(102.8)(84.0)

DAC/VOBA and other intangibles unlocking 9.9 7.0(44.4)(12.9)(8.6) 16.9(28.9)

Operating earnings before income taxes 59.5 54.3 6.3 32.6 26.9 113.8 63.3

Gross investment income

Fixed income 258.3 267.6 278.5 273.4 295.1 526.0 592.2

Limited partnership income 5.1 1.6 0.7 0.7 7.1 6.7 7.8

Prepayment fee income 11.1 5.8 10.1 5.3 7.8 16.9 13.7

Total gross investment income 274.5 275.0 289.3 279.4 310.0 549.6 613.7

Investment expenses(11.2)(10.9)(11.4)(11.2)(9.6)(22.0)(21.6)

Credited interest(167.8)(173.7)(179.7)(184.7)(201.8)(341.5)(418.7)

Net margin 95.5 90.4 98.2 83.5 98.6 186.1 173.4

Other investment income* 19.9 22.9 20.6 23.2 4.2 42.7 40.0

Investment spread and other investment income 115.4 113.4 118.8 106.6 102.9 228.8 213.4

* Includes investment income on assets backing surplus that has been allocated from the corporate segment, as well as income from policy loans.

Page 26 of 70

ING U.S.

Annuities Operating Earnings

Three Months Ended Year-to-Date

(in millions USD) 6/30/13 3/31/13 12/31/12 9/30/12 6/30/12 6/30/13 6/30/12

Operating revenues

Net investment income and net realized gains (losses) 283.5 287.1 298.4 291.7 304.2 570.6 633.2

Fee income 11.2 9.9 10.4 9.5 8.2 21.1 15.6

Premiums 6.7 7.8 6.3 6.1 11.7 14.5 23.5

Other revenue 2.6 2.8 2.3 2.4 4.6 5.4 7.6

Total operating revenues 304.0 307.6 317.4 309.7 328.7 611.6 679.9

Operating benefits and expenses

Interest credited and other benefits to contract owners/policyholders(183.9)(184.4)(192.3)(200.3)(219.6)(368.3)(461.5)

Operating expenses(32.2)(31.0)(30.3)(32.1)(31.1)(63.2)(62.3)

Net amortization of DAC/VOBA(28.4)(37.9)(88.4)(44.6)(50.9)(66.3)(92.5)

Interest expense —(0.1)(0.1)(0.2) -(0.3)

Total operating benefits and expenses(244.5)(253.3)(311.1)(277.1)(301.8)(497.8)(616.6)

Operating earnings before income taxes 59.5 54.3 6.3 32.6 26.9 113.8 63.3

Page 27 of 70

ING U.S. Annuities AUM

Balances as of

(in millions USD) 6/30/13 3/31/13 12/31/12 9/30/12 6/30/12

Assets Under Management

Fixed single year 4,104.1 4,204.7 4,273.7 4,367.6 4,435.1

Fixed multi-year 3,748.6 3,853.0 3,949.3 4,133.7 4,574.0

Indexed 12,362.8 12,255.3 12,209.2 12,167.0 12,122.8

SPIA & Payout 2,762.9 2,794.8 2,806.6 2,851.1 2,847.5

Other annuities 438.9 444.7 428.7 440.8 425.1

Mutual funds 2,816.2 2,675.5 2,433.6 2,291.7 2,092.2

Total AUM 26,233.5 26,228.0 26,101.1 26,251.9 26,496.7

Assets Under Management

General account 22,647.3 22,772.4 22,915.8 23,185.7 23,656.1

Separate account 770.0 780.1 751.7 774.5 748.4

Mutual funds 2,816.2 2,675.5 2,433.6 2,291.7 2,092.2

Total AUM 26,233.5 26,228.0 26,101.1 26,251.9 26,496.7

Page 28 of 70

ING U.S.

Annuities AUM Rollforward

Three Months Ended Year-to-Date

(in millions USD) 6/30/13 3/31/13 12/31/12 9/30/12 6/30/12 6/30/13 6/30/12

Annual Reset Annuities/Multi-Year Guaranteed Annuities

Assets Under Management, beginning of period 8,057.7 8,222.9 8,501.3 9,009.1 10,151.2 8,222.9 10,599.1

Deposits 16.5 12.2 17.3 10.1 16.2 28.7 34.2

Surrenders, benefits, and product charges(300.6)(254.0)(376.9)(602.9)(1,256.1)(554.6)(1,832.7)

Net cash flow(284.1)(241.8)(359.6)(592.8)(1,239.9)(525.9)(1,798.5)

Interest credited and investment performance 79.1 76.6 81.2 85.0 97.8 155.7 208.5

Assets Under Management, end of period 7,852.7 8,057.7 8,222.9 8,501.3 9,009.1 7,852.7 9,009.1

Fixed Indexed Annuities

Assets Under Management, beginning of period 12,255.3 12,209.2 12,167.0 12,122.8 12,111.8 12,209.2 12,080.9

Deposits 286.7 245.9 285.0 296.7 313.1 532.5 608.7

Surrenders, benefits, and product charges(332.8)(288.9)(341.2)(355.2)(371.6)(621.8)(695.6)

Net cash flow(46.2)(43.1)(56.1)(58.5)(58.5)(89.2)(86.9)

Interest credited and investment performance 153.7 89.1 98.4 102.7 69.5 242.8 128.8

Assets Under Management, end of period 12,362.8 12,255.3 12,209.2 12,167.0 12,122.8 12,362.8 12,122.8

SPIA & Payout

Assets Under Management, beginning of period 2,794.8 2,806.6 2,851.0 2,847.5 2,850.3 2,806.6 2,831.0

Deposits 37.2 39.8 38.7 57.4 85.1 77.0 146.9

Surrenders, benefits, and product charges(107.7)(101.0)(112.7)(109.5)(109.4)(208.7)(218.7)

Net cash flow(70.5)(61.3)(74.0)(52.1)(24.3)(131.8)(71.8)

Interest credited and investment performance 38.5 49.5 29.6 55.6 21.5 88.0 88.3

Assets Under Management, end of period 2,762.9 2,794.8 2,806.6 2,851.0 2,847.5 2,762.9 2,847.5

Mutual Fund Custodial

Assets Under Management, beginning of period 2,675.5 2,433.5 2,291.7 2,092.2 2,026.9 2,433.5 1,761.3

Deposits 283.1 255.4 213.6 202.8 217.3 538.5 436.1

Surrenders, benefits, and product charges(114.2)(115.3)(106.9)(97.1)(102.7)(229.5)(187.6)

Net cash flow 168.9 140.1 106.7 105.7 114.7 309.0 248.6

Interest credited and investment performance(28.1) 101.8 35.1 93.7(49.4) 73.7 82.3

Assets Under Management, end of period 2,816.2 2,675.5 2,433.5 2,291.7 2,092.2 2,816.2 2,092.2

Other Annuities

Assets Under Management, beginning of period 444.7 428.7 440.8 425.1 452.4 428.7 417.8

Deposits 1.1 1.6 1.2 1.0 2.1 2.7 4.0

Surrenders, benefits, and product charges(13.0)(15.8)(14.7)(10.7)(11.3)(28.8)(24.2)

Net cash flow(11.8)(14.3)(13.5)(9.7)(9.2)(26.1)(20.2)

Interest credited and investment performance 6.1 30.3 1.4 25.4(18.1) 36.3 27.5

Assets Under Management, end of period 438.9 444.7 428.7 440.8 425.1 438.9 425.1

Annuities—Total

Assets Under Management, beginning of period 26,228.0 26,101.1 26,251.9 26,496.7 27,592.6 26,101.1 27,690.2

Deposits 624.6 554.8 555.7 567.9 633.9 1,179.4 1,230.0

Surrenders, benefits, and product charges(868.3)(775.1)(951.8)(1,175.0)(1,851.1)(1,643.4)(2,958.8)

Net cash flow(243.7)(220.3)(396.1)(607.1)(1,217.2)(464.0)(1,728.8)

Interest credited and investment performance 249.2 347.3 245.2 362.2 121.3 596.4 535.3

Assets Under Management, end of period 26,233.5 26,228.0 26,101.1 26,251.9 26,496.7 26,233.5 26,496.7

Page 29 of 70

ING U.S.

Investment Management

Page 30 of 70

ING U.S.

Investment Management Sources of Operating Earnings

Three Months Ended Year-to-Date

(in millions USD) 6/30/13 3/31/13 12/31/12 9/30/12 6/30/12 6/30/13 6/30/12

Sources of operating earnings before income

taxes:

Investment capital and other investment income 6.2 2.6 5.3 16.7 12.7 8.8 17.9

Fee based margin 142.4 129.3 137.2 125.5 117.5 271.7 242.9

Administrative expenses(107.5)(101.8)(111.3)(103.1)(99.0)(209.3)(196.6)

Operating earnings before income taxes 41.1 30.1 31.2 39.1 31.2 71.2 64.2

Page 31 of 70

ING U.S.

Investment Management Operating Earnings

Three Months Ended Year-to-Date

(in millions USD) 6/30/13 3/31/13 12/31/12 9/30/12 6/30/12 6/30/13 6/30/12

Operating revenues

Net investment income and net realized gains (losses) 6.1 2.8 5.6 17.3 13.3 8.9 18.7

Fee income 132.3 121.7 122.6 120.1 114.1 254.0 232.0

Other revenue 10.2 7.4 14.3 4.8 2.8 17.6 10.1

Total operating revenues 148.6 131.9 142.5 142.2 130.2 280.5 260.8

Operating benefits and expenses

Operating expenses(107.5)(101.8)(111.3)(103.1)(99.0)(209.3)(196.6)

Total operating benefits and expenses(107.5)(101.8)(111.3)(103.1)(99.0)(209.3)(196.6)

Operating earnings before income taxes 41.1 30.1 31.2 39.1 31.2 71.2 64.2

Page 32 of 70

ING U.S.

Investment Management Key Metrics

Balances as of Balances as of

(in millions USD) 6/30/13 3/31/13 12/31/12 9/30/12 6/30/12 6/30/13 6/30/12

Client Assets by Source:

External clients

Investment Management sourced 60,643.9 58,002.1 54,061.9 50,761.4 48,879.7 60,643.9 48,879.7

Affiliate sourced 49,404.6 49,658.0 47,284.6 46,376.8 42,563.9 49,404.6 42,563.9

Subtotal external clients 110,048.5 107,660.1 101,346.5 97,138.2 91,443.6 110,048.5 91,443.6

General Account (1) 80,275.3 79,965.9 80,404.8 80,082.1 80,079.4 80,275.3 80,079.4

Total Client Assets (AUM) 190,323.8 187,626.0 181,751.3 177,220.3 171,523.0 190,323.8 171,523.0

Administration Only Assets (AUA) 55,294.2 55,732.5 54,695.5 54,723.3 56,024.7 55,294.2 56,024.7

Total AUM and AUA 245,618.0 243,358.5 236,446.8 231,943.6 227,547.7 245,618.0 227,547.7

Three Months Ended Year to Date

6/30/13 3/31/13 12/31/12 9/30/12 6/30/12 6/30/13 6/30/12

Analysis of investment advisory and administrative

revenues, net, by source: (2)

External clients

Investment Management sourced 68.2 58.0 58.2 56.0 52.6 126.2 108.5

Affiliate sourced 23.5 22.1 21.9 21.4 19.3 45.6 38.8

Subtotal External Clients 91.7 80.1 80.1 77.4 71.9 171.8 147.3

General Account 36.2 36.8 37.0 37.6 36.7 73.0 73.8

Total investment advisory and administrative revenues,

net, from AUM 127.9 116.9 117.1 115.0 108.6 244.8 221.1

Administration Only Fees 4.4 4.8 5.5 5.1 5.5 9.2 10.9

Total investment advisory and administrative revenues,

net, by source (2) 132.3 121.7 122.6 120.1 114.1 254.0 232.0

Revenue Yield (bps): (2) (3)

External clients

Investment Management sourced 45.6 41.5 44.6 45.1 43.0 43.7 43.7

Affiliate sourced 18.9 18.3 18.7 19.0 17.8 18.6 18.5

Revenue Yield on Institutional/retail 33.5 30.8 32.3 32.6 31.2 32.2 32.2

General Account 18.1 18.3 18.5 18.8 19.0 18.2 18.9

Revenue Yield on Client Assets (AUM) 27.0 25.3 26.1 26.3 25.7 26.2 26.1

Revenue Yield on Administration Only Assets (AUA) 3.1 3.5 4.1 3.7 3.9 3.3 3.8

Total Revenue Yield on AUM and AUA (bps) (2) (3) 21.6 20.3 21.0 20.9 20.2 21.0 20.4

(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.

Page 33 of 70

ING U.S.

Investment Management Account Rollforward by Source

Three Months Ended Year-to-Date

(in millions USD) 6/30/13 3/31/13 12/31/12 9/30/12 6/30/12 6/30/13 6/30/12

AUM Roll-forward By Source

Investment Management Sourced

Beginning AUM 58,002.1 54,061.9 50,761.4 48,879.7 49,754.9 54,061.9 49,391.6

Inflows

Inflows from sub-advisor replacements—197.6 481.3 — 197.6 -

Inflows-other 5,760.6 4,598.0 5,536.4 2,732.9 2,093.4 10,358.6 4,609.1

Outflows(2,615.4)(2,164.9)(2,255.5)(2,403.7)(2,059.0)(4,780.3)(4,760.7)

Net Flows 3,145.2 2,630.7 3,762.2 329.2 34.4 5,775.9(151.6)

Net Money Market Flows(21.5)(3.2) 5.6 11.0(6.1)(24.7)(41.0)

Change in Market Value(513.0) 1,728.2 635.5 1,580.0(582.2) 1,215.2 2,275.3

Other (Including Acquisitions / Divestitures) 31.1(415.5)(1,102.8)(38.6)(321.3)(384.4)(2,594.6)

Investment Management sourced AUM End of Period 60,643.9 58,002.1 54,061.9 50,761.4 48,879.7 60,643.9 48,879.7

Organic Growth (Long Term Net Flows / Beginning of Period AUM) 5.42% 4.87% 7.41% 0.67% 0.07% 10.68% -0.31%

Market Growth % -0.88% 3.20% 1.25% 3.23% -1.17% 2.25% 4.61%

Affiliate Sourced

Beginning AUM 49,658.0 47,284.6 46,376.8 42,563.9 44,050.0 47,284.6 37,851.8

Inflows

Inflows from sub-advisor replacements 537.0 447.1 125.2 2,404.2—984.1 3,909.8

Inflows-other 1,024.1 1,579.6 2,311.6 1,081.7 1,269.4 2,603.7 2,510.2

Outflows(1,606.7)(1,479.9)(1,716.5)(1,294.1)(2,120.6)(3,086.6)(3,426.3)

Net Flows(45.6) 546.8 720.3 2,191.8(851.2) 501.2 2,993.7

Net Money Market Flows 39.8(226.2) 20.4(75.7)(49.8)(186.4)(279.5)

Change in Market Value 10.4 2,111.2 230.2 1,861.6(751.5) 2,121.6 1,838.2

Other (Including Acquisitions / Divestitures)(258.0)(58.5)(63.0)(164.8) 166.3(316.5) 159.7

Affiliate sourced AUM End of Period 49,404.6 49,658.0 47,284.6 46,376.8 42,563.9 49,404.6 42,563.9

Organic Growth (Long Term Net Flows / Beginning of Period AUM) -0.09% 1.16% 1.55% 5.15% -1.93% 1.06% 7.91%

Market Growth % 0.02% 4.46% 0.50% 4.37% -1.71% 4.49% 4.86%

Other affiliate sourced net flows 572.2 1,040.4 1,365.7 2,645.3(396.8) 1,612.6 3,787.9

Variable annuity net flows(617.8)(493.6)(645.4)(453.6)(454.3)(1,111.4)(794.2)

Total affiliate sourced net flows(45.6) 546.8 720.3 2,191.8(851.2) 501.2 2,993.7

Investment Management sourced net flows 3,145.2 2,630.7 3,762.2 329.2 34.4 5,775.9(151.6)

Total net flows 3,099.6 3,177.5 4,482.5 2,521.0(816.8) 6,277.1 2,842.1

Page 34 of 70

ING U.S.

Investment Management Account Value by Asset Type

Balances as of

6/30/13 3/31/13 12/31/12 9/30/12 6/30/12

(in millions USD)

Institutional

Equity 15,645.2 14,644.1 13,769.5 12,161.7 11,491.2

Fixed Income 34,034.0 32,246.4 29,894.4 28,402.5 27,364.6

Real Estate — — -

Money Market 18.9 17.1 33.3 30.2 21.3

Total 49,698.1 46,907.6 43,697.2 40,594.4 38,877.1

Retail

Equity 36,162.9 36,199.9 33,315.3 33,044.2 29,858.1

Fixed Income 15,208.2 15,459.7 15,406.2 15,074.2 14,583.0

Real Estate 6,660.2 6,794.1 6,401.3 5,921.6 5,541.3

Money Market 2,319.1 2,298.7 2,526.5 2,503.8 2,584.1

Total 60,350.4 60,752.4 57,649.3 56,543.8 52,566.5

General Account

Equity 199.0 200.8 251.1 272.5 275.8

Fixed Income 78,294.7 76,548.7 75,957.9 77,147.8 75,877.5

Real Estate — — -

Money Market 1,781.6 3,216.4 4,195.8 2,661.9 3,926.0

Total 80,275.3 79,965.9 80,404.8 80,082.1 80,079.4

Combined Asset Type

Equity 52,007.1 51,044.9 47,335.9 45,478.4 41,625.1

Fixed Income 127,536.9 124,254.8 121,258.5 120,624.5 117,825.1

Real Estate 6,660.2 6,794.1 6,401.3 5,921.6 5,541.3

Money Market 4,119.6 5,532.2 6,755.6 5,195.9 6,531.4

Total 190,323.8 187,626.0 181,751.3 177,220.3 171,523.0

Page 35 of 70

ING U.S. Individual Life

Page 36 of 70

ING U.S.

Individual Life Sources of Operating Earnings

Three Months Ended Year-to-Date

(in millions USD) 6/30/13 3/31/13 12/31/12 9/30/12 6/30/12 6/30/13 6/30/12

Sources of operating earnings before income

taxes:

Investment spread and other investment income 48.2 52.4 38.8 59.6 58.2 100.6 129.3

Fee based margin 5.0 4.8 4.7 4.9 4.9 9.8 9.9

Net underwriting gain (loss) and other revenue 115.8 115.9 146.4 130.5 99.5 231.7 218.5

Administrative expenses(69.8)(67.0)(76.6)(76.6)(75.8)(136.8)(153.8)

Trail commissions(5.9)(7.7)(6.1)(8.4)(5.9)(13.6)(16.0)

DAC/VOBA and other intangibles amortization,

excluding unlocking(48.4)(44.9)(57.2)(60.2)(47.3)(93.3)(94.9)

DAC/VOBA and other intangibles unlocking(4.9)(2.7) 4.6 3.4(0.2)(7.6)(4.6)

Operating earnings before income taxes 40.0 50.8 54.6 53.2 33.4 90.8 88.4

Gross Investment Income

Fixed income 204.2 203.2 202.2 222.0 225.1 407.4 446.4

Limited partnership income 3.9 1.5(1.2)(0.1) 4.1 5.4 2.5

Prepayment fee income 3.1 7.7 4.4 0.6 2.6 10.8 8.4

Total gross investment income 211.2 212.4 205.4 222.5 231.8 423.6 457.3

Investment expenses(5.7)(5.4)(5.4)(5.8)(6.2)(11.2)(12.1)

Credited interest(163.8)(162.3)(166.1)(163.1)(160.5)(326.1)(320.4)

Net margin 41.7 44.7 33.9 53.6 65.1 86.3 124.8

Other investment income* 6.5 7.6 4.8 5.8(6.9) 14.3 4.5

Investment spread and other investment income 48.2 52.4 38.8 59.6 58.2 100.6 129.3

Net underwriting gain (loss) and other revenue

Fee Revenue/Premiums 500.1 488.4 503.4 498.2 507.1 988.8 996.2

Net Mortality, including Reinsurance(293.4)(301.8)(261.7)(272.1)(279.9)(595.7)(557.3)

Reserve Change/Other(90.9)(70.7)(95.5)(95.6)(127.7)(161.4)(220.4)

Total net underwriting gain (loss) and other

revenue 115.8 115.9 146.4 130.5 99.5 231.7 218.5

* Includes investment income on assets backing surplus that has been allocated from the corporate segment, as well as income from policy loans.

Page 37 of 70

ING U.S.

Individual Life Operating Earnings

Three Months Ended Year-to-Date

(in millions USD) 6/30/13 3/31/13 12/31/12 9/30/12 6/30/12 6/30/13 6/30/12

Operating revenues

Net investment income and net realized gains (losses) 215.4 216.9 213.1 229.7 224.0 432.3 471.0

Fee income 280.0 276.8 282.0 262.4 288.0 556.8 571.3

Premiums 192.1 185.8 191.7 180.0 186.7 377.9 366.1

Other revenue 7.3 7.6 7.4 6.4 10.5 14.9 12.8

Total operating revenues 694.8 687.1 694.2 678.5 709.2 1,381.9 1,421.2

Operating benefits and expenses

Interest credited and other benefits to contract owners/policyholders(512.4)(501.6)(489.1)(509.5)(531.0)(1,014.0)(1,035.8)

Operating expenses(94.6)(90.9)(101.0)(97.1)(95.4)(185.5)(192.4)

Net amortization of DAC/VOBA(47.6)(42.9)(47.7)(16.6)(47.4)(90.5)(98.0)

Interest expense(0.2)(0.9)(1.8)(2.1)(2.0)(1.1)(6.6)

Total operating benefits and expenses(654.8)(636.3)(639.6)(625.3)(675.8)(1,291.1)(1,332.8)

Operating earnings before income taxes 40.0 50.8 54.6 53.2 33.4 90.8 88.4

Page 38 of 70

ING U.S.

Individual Life Key Metrics

Three Months Ended Year-to-Date

(in millions USD) 6/30/13 3/31/13 12/31/12 9/30/12 6/30/12 6/30/13 6/30/12

Sales by Product Line

Guaranteed—0.5 7.7 18.2 24.6 0.5 46.8

Accumulation 3.9 4.0 5.4 6.9 6.9 7.9 13.0

Indexed 6.6 6.8 11.8 8.1 8.5 13.4 13.6

Total Universal life 10.5 11.3 24.9 33.2 40.0 21.8 73.4

Variable life 2.4 2.7 1.6 2.3 1.2 5.1 2.4

Term 13.9 15.2 19.2 28.2 35.2 29.1 68.9

Whole life — — — -

Total sales by product line 26.8 29.2 45.7 63.7 76.4 56.0 144.7

Sales by Distribution

Independent life sales 17.2 19.1 32.1 49.4 57.4 36.2 111.0

Strategic distribution 5.3 5.4 8.5 7.2 9.8 10.8 16.4

Alternative and specialty markets 4.3 4.7 5.1 7.3 9.2 9.0 17.3

Total sales by distribution 26.8 29.2 45.7 63.7 76.4 56.0 144.7

Gross premiums and deposits by product:

Interest sensitive 273.2 275.2 322.2 347.1 384.9 548.4 764.8

Non—interest sensitive 233.6 223.4 217.4 223.6 230.7 457.0 449.5

Total gross premiums and deposits 506.8 498.6 539.6 570.7 615.6 1,005.4 1,214.3

Applications

New business policy count (Paid) 15,290 16,137 20,471 29,072 36,339 31,427 70,393

End of Period:

In-force face amount (by product)

Universal life 79,505 79,969 80,685 80,456 80,134 79,505 80,134

Variable life 29,153 29,642 30,182 30,761 31,336 29,153 31,336

Term 497,596 496,919 494,760 491,263 482,668 497,596 482,668

Whole life 2,274 2,313 2,348 2,377 2,418 2,274 2,418

Total In-force Face 608,528 608,844 607,976 604,858 596,557 608,528 596,557

In-force policy count (in whole numbers)

Universal life 298,406 301,703 305,115 306,679 308,331 298,406 308,331

Variable life 69,135 70,364 71,589 72,783 73,939 69,135 73,939

Term 832,402 829,444 824,794 818,457 805,154 832,402 805,154

Whole life 146,425 148,767 151,346 153,960 156,645 146,425 156,645

Total Policy Counts 1,346,368 1,350,278 1,352,844 1,351,879 1,344,069 1,346,368 1,344,069

Assets under management

General account 13,190.7 13,089.6 12,910.0 12,828.0 12,709.4 13,190.7 12,709.4

Separate account 2,487.0 2,509.2 2,412.0 2,447.0 2,370.9 2,487.0 2,370.9

Total 15,677.7 15,598.8 15,322.5 15,274.9 15,080.3 15,677.7 15,080.3

Page 39 of 70

ING U.S.

Employee Benefits

Page 40 of 70

ING U.S.

Employee Benefits Sources of Operating Earnings

Three Months Ended Year-to-Date

(in millions USD) 6/30/13 3/31/13 12/31/12 9/30/12 6/30/12 6/30/13 6/30/12

Sources of operating earnings before income taxes:

Investment spread and other investment income 11.7 12.0 10.4 13.8 9.5 23.7 24.9

Net underwriting gain (loss) and other revenue 86.9 62.8 80.6 82.9 80.9 149.7 145.1

Administrative expenses(41.0)(39.6)(41.6)(40.2)(39.8)(80.6)(83.8)

Trail commissions(19.6)(19.7)(17.7)(16.7)(17.6)(39.3)(35.1)

DAC/VOBA and other intangibles amortization, excluding

unlocking(3.9)(3.1)(3.1)(3.7)(3.9)(7.0)(6.4)

Operating earnings before income taxes 34.1 12.4 28.6 36.1 29.1 46.5 44.7

Gross Investment Income

Fixed income 24.7 26.1 24.8 26.7 27.1 50.8 53.8

Limited partnership income 0.4 0.1(0.2)—0.6 0.6 0.4

Prepayment fee income 1.3 0.5 0.2 0.4 0.3 1.8 0.4

Total gross investment income 26.4 26.7 24.8 27.1 28.0 53.2 54.6

Investment expenses(0.8)(0.9)(0.9)(0.9)(1.0)(1.7)(2.0)

Credited interest(16.1)(16.3)(16.6)(16.1)(16.2)(32.5)(32.4)

Net margin 9.5 9.5 7.3 10.1 10.8 19.0 20.2

Other investment income* 2.2 2.5 3.1 3.7(1.4) 4.7 4.7

Investment spread and other investment income 11.7 12.0 10.4 13.8 9.5 23.7 24.9

Group life

Premiums 119.3 118.9 116.4 116.2 114.4 238.1 228.2

Benefits(89.9)(101.5)(91.2)(89.5)(79.5)(191.4)(173.8)

Other (1)(2.6)(3.1)(3.4)(2.6)(2.7)(5.7)(5.1)

Total 26.8 14.2 21.8 24.1 32.1 41.0 49.3

Loss Ratio (Interest adjusted) 75.4% 85.4% 78.4% 77.0% 69.5% 80.4% 76.2%

Group stop loss

Premiums 133.9 135.7 136.5 139.0 142.1 269.7 286.0

Benefits(96.6)(105.4)(94.8)(97.7)(107.3)(202.0)(217.0)

Other (1)(0.3)(1.3)(0.7)(0.8)(0.8)(1.6)(1.7)

Total 37.0 29.1 41.0 40.4 34.1 66.1 67.3

Loss Ratio 72.1% 77.6% 69.5% 70.3% 75.5% 74.9% 75.9%

Voluntary Benefits, Disability, and Other 23.1 19.4 17.6 18.4 14.7 42.5 28.5

Net underwriting gain (loss) and other revenue 86.9 62.8 80.6 82.9 80.9 149.7 145.1

(1) Other includes service fees, dividends, interest expenses, and other

miscellaneous expenses. The Loss Ratio calculation does not include

Other.

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

Page 41 of 70

ING U.S.

Employee Benefits Operating Earnings

Three Months Ended Year-to-Date

(in millions USD) 6/30/13 3/31/13 12/31/12 9/30/12 6/30/12 6/30/13 6/30/12

Operating revenues

Net investment income and net realized gains (losses) 27.9 28.4 27.0 30.0 25.6 56.3 57.3

Fee income 15.8 15.8 15.9 15.7 15.5 31.6 30.9

Premiums 269.0 274.9 271.6 265.8 272.3 543.9 540.7

Other revenue(1.0)(1.0)(0.9)(1.0) 0.4(2.0)(1.8)

Total operating revenues 311.7 318.1 313.6 310.5 313.8 629.8 627.1

Operating benefits and expenses

Interest credited and other benefits to contract owners/policyholders(213.2)(242.6)(220.9)(214.0)(223.2)(455.8)(457.2)

Operating expenses(60.5)(60.0)(60.7)(56.7)(57.6)(120.5)(118.8)

Net amortization of DAC/VOBA(3.9)(3.1)(3.4)(3.7)(3.9)(7.0)(6.4)

Total operating benefits and expenses(277.6)(305.7)(285.0)(274.4)(284.7)(583.3)(582.4)

Operating earnings before income taxes 34.1 12.4 28.6 36.1 29.1 46.5 44.7

Page 42 of 70

ING U.S.

Employee Benefits Key Metrics

Three Months Ended Year-to-Date

(in millions USD) 6/30/13 3/31/13 12/31/12 9/30/12 6/30/12 6/30/13 6/30/12

Sales

Group life (Basic / Sup / AD&D) 1.6 44.0 2.0 13.0 7.6 45.6 32.9

Group stop loss 11.6 89.7 7.8 12.5 19.0 101.3 131.3

Disability 1.1 10.9 1.8 3.6 1.5 12.0 10.4

Association (Life, DI, PAI) 0.3—12.7 0.4 0.6 0.3 1.2

Other (PAI) 0.1 1.8—0.6 0.3 1.9 0.4

Total group products 14.7 146.4 24.3 30.1 29.0 161.1 176.2

Voluntary products 3.8 10.3 8.3 3.8 5.0 14.1 12.4

Total sales by product line 18.5 156.7 32.6 33.9 34.0 175.2 188.6

Total gross premiums and deposits 311.3 319.5 314.3 311.2 313.8 630.8 626.6

Total annualized in-force premiums 1,273.5 1,316.2 1,286.6 1,301.1 1,327.3 1,273.5 1,327.3

Assets under management (EOP)

General account 1,747.3 1,739.1 1,745.5 1,752.9 1,754.9 1,747.3 1,754.9

Separate account 14.8 14.7 14.0 14.3 13.2 14.8 13.2

Total 1,762.1 1,753.8 1,759.5 1,767.2 1,768.1 1,762.1 1,768.1

Page 43 of 70

ING U.S. Corporate

Page 44 of 70

ING U.S.

Corporate Operating Earnings

Three Months Ended Year-to-Date

(in millions USD) 6/30/13 3/31/13 12/31/12 9/30/12 6/30/12 6/30/13 6/30/12

Interest expense*(43.2)(41.9)(39.2)(39.8)(32.1)(85.1)(48.8)

Closed Block Variable Annuity contingent capital LOC(5.6)(12.8)(13.1)(13.1)(11.6)(18.4)(30.5)

Amortization of intangibles(8.8)(8.8)(8.8)(8.8)(8.7)(17.6)(17.4)

Other 4.8 13.4 17.5 4.1 19.7 18.2 15.6

Operating earnings before income taxes(52.8)(50.1)(43.6)(57.6)(32.7)(102.9)(81.1)

* Including interest rate swap settlements and amortization of debt issuance costs

Page 45 of 70

ING U.S.

Closed Blocks (Variable Annuity and Other)

Page 46 of 70

ING U.S.

Closed Block ISP and Other Operating Earnings

Three Months Ended Year-to-Date

(in millions USD) 6/30/13 3/31/13 12/31/12 9/30/12 6/30/12 6/30/13 6/30/12

Closed Block Institutional Spread Products 10.9 22.1 4.7 10.0 8.9 33.0 31.0

Closed Block Other 7.1(0.7) 19.1 11.8 30.9 6.4 33.1

Operating earnings before income taxes 18.0 21.4 23.8 21.8 39.8 39.4 64.1

Three Months Ended Year-to-Date

Closed Block Institutional Spread Products 6/30/13 3/31/13 12/31/12 9/30/12 6/30/12 6/30/13 6/30/12

Operating revenues

Net investment income and net realized gains (losses) 26.0 38.0 23.7 29.6 30.1 64.0 73.0

Fee income — 0.1 — —

Premiums 0.6 0.6 0.6 0.5 0.6 1.2 1.2

Other revenue(0.3)(0.3)(0.4)(0.2)(0.4)(0.6)(0.9)

Total operating revenues 26.3 38.3 24.0 29.9 30.3 64.6 73.3

Operating benefits and expenses

Interest credited and other benefits to contract owners/policyholders(12.7)(13.5)(16.1)(16.6)(17.4)(26.2)(34.8)

Operating expenses(2.6)(2.6)(2.9)(2.6)(3.2)(5.2)(6.0)

Net amortization of DAC/VOBA(0.1)(0.1)(0.2)(0.1)(0.2)(0.2)(0.3)

Interest expense —(0.1)(0.6)(0.6) -(1.2)

Total operating benefits and expenses(15.4)(16.2)(19.3)(19.9)(21.4)(31.6)(42.3)

Operating earnings before income taxes 10.9 22.1 4.7 10.0 8.9 33.0 31.0

Three Months Ended Year-to-Date

6/30/13 3/31/13 12/31/12 9/30/12 6/30/12 6/30/13 6/30/12

Closed Block Other

Operating revenues

Net investment income and net realized gains (losses) 6.0 6.0 10.9 8.3 7.6 12.0 15.8

Fee income — — — 0.1

Premiums 1.1 0.9 0.9 1.2 1.3 2.0 3.0

Other revenue 0.2 0.3 2.4 1.1(0.3) 0.5 0.1

Total operating revenues 7.3 7.2 14.2 10.6 8.6 14.5 19.0

Operating benefits and expenses

Interest credited and other benefits to contract owners/policyholders 7.3(6.8) 6.8 2.7 1.3 0.5(5.7)

Operating expenses(7.5)(1.1)(1.9)(1.5) 21.0(8.6) 19.8

Total operating benefits and expenses(0.2)(7.9) 4.9 1.2 22.3(8.1) 14.1

Operating earnings before income taxes 7.1(0.7) 19.1 11.8 30.9 6.4 33.1

Page 47 of 70

ING U.S.

Closed Block Variable Annuity Income (Loss) before income taxes

Three Months Ended Year-to-Date

(in millions USD) 6/30/13 3/31/13 12/31/12 9/30/12 6/30/12 6/30/13 6/30/12

Revenues

Net investment income 20.9 18.4 17.2 12.2 5.9 39.3 23.3

Fee income 320.7 309.3 312.9 307.9 304.8 630.0 615.1

Net realized gains (losses)(408.4)(776.4)(267.3)(283.0) 480.8(1,184.8)(832.5)

Other revenues and premiums 6.5 4.7 5.3 5.4 6.7 11.2 13.5

Total revenues(60.3)(444.0) 68.1 42.5 798.2(504.3)(180.6)

Benefits and expenses

Interest credited and other benefits to contract owners/policyholders(144.3) 94.1(107.6) 84.1(286.4)(50.2)(90.1)

Operating expenses and interest expense(116.5)(112.2)(113.3)(113.3)(113.6)(228.7)(223.8)

Net amortization of DAC/VOBA(17.3)(15.0)(14.5)(12.5)(16.3)(32.3)(31.3)

Total benefits and expenses(278.1)(33.1)(235.4)(41.7)(416.3)(311.2)(345.2)

Income (loss) before income taxes(338.4)(477.1)(167.3) 0.8 381.9(815.5)(525.8)

Three Months Ended Year-to-Date

6/30/13 3/31/13 12/31/12 9/30/12 6/30/12 6/30/13 6/30/12

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)(407.4)(453.9)(18.0)(449.7)(74.1)(861.3)(390.6)

Gains (losses) related to CHO program (1)(45.6)(158.5) 18.5(146.2) 64.1(204.1)(223.3)

Gain (loss) due to nonperformance risk(1)(121.3)(106.7)(401.4) 358.9 170.4(228.0)(401.1)

Net investment gains (losses) (1) 3.5 13.5(0.6)(3.1) 8.5 17.0 30.4

DAC/VOBA and other intangibles unlocking and loss recognition(1.8)(0.2) 0.3 2.8(1.5)(2.0)(1.3)

(1) Amounts exclude net amortization of DAC/VOBA and other intangibles.

Page 48 of 70

ING U.S.

Closed Block Variable Annuity Death and Living Benefits

Balances as of

(in millions USD) 6/30/13 3/31/13 12/31/12 9/30/12 6/30/12

Death and living benefits-account value

GMAB/GMWB 970 1,043 1,048 1,119 1,137

GMIB 15,048 15,482 14,904 15,113 14,715

GMWBL 15,636 16,075 15,612 15,746 15,328

No living benefits 10,934 11,246 10,976 11,252 11,097

Total* 42,588 43,846 42,540 43,230 42,277

Net amount at risk (after reinsurance)

Total DB NAR 6,437 6,105 7,029 7,026 7,956

GMAB/GMWB 32 32 42 44 56

GMIB(1) 2,780 3,029 3,576 3,531 3,862

GMWBL(1) 960 1,293 1,703 1,837 2,170

Total LB NAR 3,772 4,354 5,321 5,412 6,088

*Excludes assets associated with Payout Reserves, Policy Loans, and Life Insurance Business

(1) GMIB and GMWBL values represent discounted net amount at risk

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ING U.S.

Closed Block Variable Annuity AUM Rollforward

Three Months Ended Year-to-Date

6/30/13 3/31/13 12/31/12 9/30/12 6/30/12 6/30/13 6/30/12

(in millions USD)

Balance as of beginning of period 44,546.6 43,198.4 43,842.2 42,843.4 45,133.8 43,198.4 42,645.5

Deposits 175.4 131.8 127.1 115.2 132.7 307.2 258.1

Surrenders, benefits, and product charges(1,193.0)(1,075.6)(1,076.6)(953.3)(967.6)(2,268.6)(1,989.4)

Net cash flow(1,017.6)(943.9)(949.5)(838.1)(834.9)(1,961.4)(1,731.3)

Interest credited and investment performance(169.7) 2,292.0 305.7 1,836.9(1,455.5) 2,122.3 1,929.2

Balance as of end of period* 43,359.3 44,546.6 43,198.4 43,842.2 42,843.4 43,359.3 42,843.4

Assets Under Management

General account 1,336.7 1,272.1 1,237.6 1,188.5 1,147.7 1,336.7 1,147.7

Separate account 42,022.6 43,274.5 41,960.8 42,653.7 41,695.7 42,022.6 41,695.7

Total* 43,359.3 44,546.6 43,198.4 43,842.2 42,843.4 43,359.3 42,843.4

End of period Payout reserves (included above) 724.2 648.8 607.8 561.4 515.7 724.2 515.7

*Includes assets associated with Payout Reserves, Policy Loans, and Life Insurance Business

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Investment Information

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Portfolio Composition

Balances as of

6/30/13 3/31/13 12/31/12 9/30/12 6/30/12

(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 69,930.1 70,708.5 70,995.5 71,077.1 67,961.6

CLOs Adjustments (1)(119.6)(133.0)(84.1)(79.4)(73.5)

VOEs Adjustments (1) 32.9 47.4(1.1) 40.7 35.1

Fixed maturities, available for sale, at fair value, after consolidation 69,843.4 78.0% 70,622.9 76.7% 70,910.3 74.2% 71,038.4 74.6% 67,923.2 71.3%

Fixed maturities, at fair value using the fair value option 2,771.6 3.1% 2,675.8 2.9% 2,771.3 2.8% 2,875.1 3.0% 3,145.9 3.3%

Equity securities, available for sale, at fair value 281.0 0.3% 282.3 0.3% 340.1 0.4% 328.9 0.4% 343.0 0.4%

Short-term investments 2,404.8 2.7% 2,992.1 3.2% 5,991.2 6.3% 3,637.4 3.8% 5,765.9 6.0%

Mortgage loans on real estate 8,929.1 10.0% 8,949.4 9.7% 8,662.3 9.1% 8,682.6 9.1% 8,953.2 9.4%

Loans—Dutch State Obligation—0.0%—0.0%—0.0% 1,503.6 1.6% 1,596.9 1.7%

Policy loans 2,144.9 2.4% 2,204.4 2.4% 2,200.3 2.3% 2,212.9 2.3% 2,209.0 2.3%

Limited partnerships/corporations, before consolidation 1,024.0 1,036.7 1,031.0 1,470.4 1,497.2

VOEs Adjustments (1)(593.8)(568.2)(565.9)(955.6)(965.6)

Limited partnerships/corporations, after consolidation 430.2 0.5% 468.5 0.5% 465.1 0.5% 514.8 0.5% 531.6 0.6%

Derivatives 1,174.4 1.3% 2,077.0 2.3% 2,374.5 2.5% 2,733.7 2.9% 2,983.1 3.1%

Other investments 168.4 0.2% 166.7 0.2% 167.0 0.2% 205.1 0.2% 206.9 0.2%

Securities pledged to creditors 1,357.0 1.5% 1,774.7 1.8% 1,605.5 1.7% 1,462.2 1.6% 1,657.4 1.7%

Total investments, after consolidation 89,504.8 100.0% 92,213.8 100.0% 95,487.6 100.0% 95,194.7 100.0% 95,316.1 100.0%

Fixed Maturity Securities—Security Sector (2)

U.S. Government agencies and authorities 6,660.8 9.0% 6,467.0 8.6% 6,607.9 8.8% 6,769.9 9.0% 6,149.9 8.5%

U.S. Corporate—Public 31,643.8 42.8% 32,137.7 42.8% 31,597.4 41.9% 30,568.2 40.5% 29,280.1 40.2%

U.S. Corporate—Private 5,423.1 7.3% 5,622.2 7.5% 5,566.5 7.4% 5,486.5 7.3% 5,272.3 7.2%

Foreign Government / Agency 1,091.8 1.5% 1,156.1 1.5% 1,190.0 1.6% 1,181.9 1.6% 1,132.9 1.6%

Foreign Corporate—Public 6,572.7 8.9% 6,807.3 9.1% 6,476.7 8.6% 6,146.7 8.1% 5,857.9 8.1%

Foreign Corporate—Private 8,083.4 10.9% 8,146.6 10.9% 8,317.8 11.0% 8,351.0 11.1% 8,227.4 11.3%

State, municipalities and political subdivisions 292.5 0.4% 317.8 0.4% 352.8 0.5% 350.9 0.5% 349.7 0.5%

Residential mortgaged-backed securities:

CMO-B Agency 2,706.0 3.7% 2,934.3 3.9% 3,066.4 4.1% 3,288.5 4.4% 3,841.7 5.3%

CMO-B Non-Agency 479.7 0.6% 540.5 0.7% 582.8 0.8% 612.1 0.8% 698.0 1.0%

Agency 3,336.1 4.5% 2,706.7 3.6% 2,779.7 3.7% 3,475.4 4.6% 2,941.7 4.0%

Non-Agency (3) 1,847.0 2.5% 1,997.0 2.7% 2,193.9 2.9% 2,255.8 3.0% 2,258.0 3.1%

Total Residential mortgage-backed securities 8,368.8 11.3% 8,178.5 10.9% 8,622.8 11.5% 9,631.8 12.8% 9,739.4 13.4%

Commercial mortgage-backed securities 4,425.9 6.0% 4,813.2 6.4% 4,946.4 6.6% 5,217.0 6.9% 5,197.5 7.1%

Other asset-backed securities (3) 1,409.2 1.9% 1,427.0 1.9% 1,608.8 2.1% 1,671.8 2.2% 1,519.4 2.1%

Total fixed maturities, including securities pledged 73,972.0 100.0% 75,073.4 100.0% 75,287.1 100.0% 75,375.7 100.0% 72,726.5 100.0%

Fixed Maturity Securities—Contractual Maturity Dates

Due to mature:

Due in one year or less 2,471.6 3.3% 3,021.8 4.0% 2,918.1 3.9% 2,980.3 4.0% 2,719.9 3.7%

Due after one year through five years 15,862.9 21.4% 15,205.4 20.3% 15,353.4 20.4% 15,013.6 19.9% 14,273.8 19.6%

Due after five years through ten years 19,928.2 26.9% 19,830.3 26.4% 19,179.7 25.5% 18,554.3 24.6% 18,014.0 24.8%

Due after ten years 21,505.4 29.2% 22,597.2 30.1% 22,657.9 30.1% 22,306.9 29.6% 21,262.5 29.3%

CMO-B 3,185.7 4.3% 3,474.8 4.6% 3,649.2 4.8% 3,900.6 5.2% 4,539.7 6.2%

Mortgage-backed securities 9,609.0 13.0% 9,516.9 12.7% 9,920.0 13.2% 10,948.2 14.5% 10,397.2 14.3%

Other asset-backed securities (3) 1,409.2 1.9% 1,427.0 1.9% 1,608.8 2.1% 1,671.8 2.2% 1,519.4 2.1%

Total fixed maturities, including securities pledged 73,972.0 100.0% 75,073.4 100.0% 75,287.1 100.0% 75,375.7 100.0% 72,726.5 100.0%

Fixed Maturity Securities—NAIC Quality Designation

NAIC Quality Designation

1 42,428.3 57.4% 42,710.2 56.9% 42,197.7 56.1% 42,964.1 57.0% 41,404.0 56.9%

2 27,962.2 37.8% 28,764.1 38.3% 29,245.1 38.9% 28,571.7 37.9% 27,474.3 37.8%

3 2,661.7 3.6% 2,605.5 3.5% 2,670.7 3.5% 2,794.8 3.7% 2,785.3 3.8%

4 551.3 0.7% 578.3 0.8% 699.8 0.9% 534.1 0.7% 474.1 0.7%

5 160.5 0.2% 186.0 0.2% 254.8 0.3% 251.1 0.3% 320.8 0.4%

6 208.0 0.3% 229.3 0.3% 219.0 0.3% 259.9 0.4% 268.0 0.4%

Total fixed maturities, including securities pledged (4) 73,972.0 100.0% 75,073.4 100.0% 75,287.1 100.0% 75,375.7 100.0% 72,726.5 100.0%

Fixed Maturity Securities—ARO Quality Rating

ARO Quality Rating

AAA 16,486.5 22.3% 16,047.9 21.4% 16,752.5 22.3% 17,963.9 23.8% 17,418.1 23.9%

AA 4,349.5 5.9% 4,338.0 5.8% 4,067.1 5.4% 3,777.3 5.0% 3,602.6 5.0%

A 19,702.3 26.6% 20,115.9 26.8% 19,414.6 25.8% 19,133.8 25.4% 18,473.4 25.4%

BBB 28,310.1 38.3% 29,205.9 38.9% 29,445.1 39.1% 29,034.0 38.5% 27,860.2 38.3%

BB 2,843.4 3.8% 2,877.3 3.8% 2,865.1 3.8% 2,876.4 3.8% 2,766.3 3.8%

B and below 2,280.2 3.1% 2,488.4 3.3% 2,742.7 3.6% 2,590.3 3.5% 2,605.9 3.6%

Total fixed maturities, including securities pledged 73,972.0 100.0% 75,073.4 100.0% 75,287.1 100.0% 75,375.7 100.0% 72,726.5 100.0%

(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.

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Portfolio Results

Three Months Ended Year to Date

6/30/13 3/31/13 12/31/12 9/30/12 6/30/12 6/30/13 6/30/12

(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 Income Yield Income Yield Income Yield Income Yield Income Yield Income Yield Income Yield

Fixed maturity securities (1) 831.0 5.02% 855.6 5.21% 854.6 5.23% 872.7 5.42% 898.1 5.72% 1,686.6 5.14% 1,788.1 5.58%

Equity securities 0.5 0.77% 2.6 3.72% 3.2 3.77% 5.4 6.81% 5.9 7.14% 3.1 2.25% 9.1 5.45%

Mortgage loans 113.6 5.24% 115.4 5.38% 114.0 5.42% 119.0 5.50% 120.2 5.44% 229.0 5.31% 242.6 5.62%

Limited partnerships 27.8 11.46% 23.2 9.37% 17.4 6.98% 22.2 6.22%(47.8) -11.98% 51.0 10.40% 12.9 1.78%

Policy loans 29.7 5.69% 29.9 5.57% 30.0 5.60% 30.1 5.60% 30.7 5.72% 59.6 5.63% 61.4 5.71%

Dutch state obligation (Alt-A transaction)—0.00%—0.00% 1.6 0.91% 4.3 1.10% 4.4 1.09%—0.00% 8.2 1.18%

Short-term investments 1.0 0.17% 0.9 0.12% 1.5 0.10% 1.0 0.11% 2.1 0.14% 1.9 0.14% 2.9 0.12%

Derivatives (1)(9.0) N/A(11.9) N/A(13.9) N/A(9.0) N/A(18.3) N/A(20.9) N/A(33.3) N/A

Pre-payment fee income 25.7 0.12% 25.6 0.12% 17.9 0.08% 13.7 0.06% 17.3 0.08% 51.3 0.12% 37.9 0.09%

Other assets 3.3 N/A 3.5 N/A 11.0 N/A(1.6) N/A 5.5 N/A 6.8 N/A 13.7 N/A

Gross investment income before expenses and fees 1,023.6 5.07% 1,044.8 5.17% 1,037.3 4.94% 1,057.8 5.14% 1,018.1 4.89% 2,068.4 5.14% 2,143.5 5.19%

Expenses and fees(40.7) -0.21%(40.7) -0.21%(41.4) -0.20%(40.0) -0.20%(41.8) -0.21%(81.4) -0.21%(83.5) -0.21%

Total investment income and annualized yield 982.9 4.86% 1,004.1 4.96% 995.9 4.74% 1,017.8 4.94% 976.3 4.68% 1,987.0 4.93% 2,060.0 4.98%

Less: Closed Block Variable Annuity (CBVA) investment income net of expenses and

fees 20.9 18.5 17.3 12.2 5.8 39.4 23.3

Total investment income, excluding CBVA 962.0 985.6 978.6 1,005.6 970.5 1,947.6 2,036.7

Trading Gains/Losses

Fixed Maturities 0.8 11.0 45.9 194.9 56.3 11.8 167.6

Equity securities(0.1) 0.2 2.4 0.1(0.9) 0.1 1.7

Mortgage loans(0.2)—7.7 -(0.4)(0.2) -

Other investments(3.0) 1.6(21.9) 9.0(1.5)(1.4)(9.0)

Total Trading Gains/Losses, excluding CBVA(2.5) 12.8 34.1 204.0 53.5 10.3 160.3

Impairments

Fixed Maturities(5.4)(11.0)(20.2)(11.0)(5.8)(16.4)(12.6)

Equity securities(1.8) — —(1.8) -

Mortgage loans —(7.7) — —

Other investments — -(1.4) — -

Total Impairments, excluding CBVA(7.2)(11.0)(27.9)(12.4)(5.8)(18.2)(12.6)

Fair Value Adjustments (2)(77.7)(10.2)(9.3) 44.0 85.4(87.9) 79.1

Derivatives, including Change in Fair Value of Derivatives related to

Guaranteed Benefits, excluding CBVA 114.6 58.1 22.9 49.2 4.0 172.7 137.9

Net Realized Investment Gains (losses) and Net Guaranteed Benefit

Hedging Gains (losses), excluding CBVA 27.2 49.7 19.8 284.8 137.1 76.9 364.7

CBVA Investment Income and Realized Capital Gains (Losses)(387.5)(758.0)(250.1)(270.8) 486.6(1,145.5)(809.2)

Business Sold Through MODCO REINS (3)(62.7)(18.7)(6.9) 18.8 21.5(81.4) 20.4

Consolidation/eliminations (4) 7.3 65.3(70.2) 55.4 8.9 72.6 39.5

Total Investment Income and Realized Capital Gains (Losses) 546.3 323.9 671.2 1,093.8 1,624.6 870.2 1,652.1

(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 the Hannover Life Re Modco reinsurance transaction, in which the risk associated with these policies has been transferred to Hannover Life Re.

(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.

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Alternative Investment Income

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

6/30/13 3/31/13 12/31/12 9/30/12 6/30/12 6/30/13 6/30/12

Retirement

Average alternative investments 260.0 256.0 292.2 505.0 624.8 258.0 647.5

Alternative investment income 8.4 7.9 0.9 2.6 14.8 16.3 39.7

Annuities

Average alternative investments 178.8 189.2 188.5 277.3 313.2 184.0 335.9

Alternative investment income 7.6 4.4 2.0 2.0 9.5 12.0 21.8

Investment Management

Average alternative investments 123.8 120.8 129.2 114.3 100.1 122.2 93.2

Alternative investment income 6.1 2.8 5.6 19.5 11.1 8.9 16.5

Individual Life

Average alternative investments 138.8 132.1 133.5 195.5 225.3 135.5 230.5

Alternative investment income 6.3 3.4(0.3) 0.7 5.9 9.7 11.7

Employee Benefits

Average alternative investments 25.6 23.6 29.7 52.5 65.3 24.6 67.4

Alternative investment income 1.1 0.6 0.1 0.4 1.4 1.7 4.0

Total Ongoing Business

Average alternative investments 727.0 721.7 773.1 1,144.6 1,328.7 724.3 1,374.5

Alternative investment income 29.5 19.1 8.3 25.2 42.7 48.6 93.7

Corporate

Average alternative investments 95.5 98.1 101.6 96.5 93.5 96.8 92.0

Alternative investment income(5.7) 2.7 5.1 6.3 6.9(3.0) 12.0

Closed Blocks (1)

Average alternative investments 59.4 62.4 41.5 80.4 111.2 60.9 115.9

Alternative investment income 2.4 1.8 4.0 0.7 2.3 4.2 6.9

Total ING U.S.

Average alternative investments 881.9 882.2 916.2 1,321.5 1,533.4 882.0 1,582.4

Alternative investment income 26.2 23.6 17.4 32.2 51.9 49.8 112.6

(1) 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.

* The investment income on alternative investments shown above for the period ended June 30, 2012 excludes the $92.0 million net loss on the sale of certain alternative investments during the period.

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Unrealized Gains (Losses)

(in millions USD)

Fixed Maturities, available for sale (including securities pledged)

Aging Schedule

Balances as of

6/30/13 3/31/13 12/31/12 9/30/12 6/30/12

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

Less than 20%(929.8) 92.7%(191.9) 71.3%(150.6) 51.4%(172.5) 46.2%(285.1) 44.6%

20% or more for less than six months(35.3) 3.5%(3.9) 1.5%(11.4) 3.9%(31.0) 8.3%(65.5) 10.3%

20% or more for six months or greater(38.2) 3.8%(73.0) 27.2%(130.7) 44.7%(169.7) 45.5%(288.3) 45.1%

Total Unrealized Loss(1,003.3) 100.0%(268.8) 100.0%(292.7) 100.0%(373.2) 100.0%(638.9) 100.0%

Total Unrealized Gain 4,919.9 7,336.0 8,155.7 8,277.8 7,133.2

Net Unrealized Gain/Loss 3,916.6 7,067.2 7,863.0 7,904.6 6,494.3

Fixed Maturities Securities—Security Sector—Net Unrealized

Gain/(Loss)*

US Treasuries and US government agencies and authorities 348.7 638.7 768.2 835.8 845.2

US Corporate—Public 1,458.9 3,116.0 3,592.5 3,638.9 2,897.1

US Corporate—Private 363.5 561.5 585.3 607.0 532.6

Foreign Government / Agency 11.0 84.0 120.6 109.9 74.8

Foreign Corporate—Public 207.4 559.7 640.8 601.8 404.9

Foreign Corporate—Private 503.6 793.1 831.9 848.7 745.1

State, municipalities, and political subdivisions 14.2 29.2 32.6 29.4 28.0

Residential mortgaged-backed securities:

CMO-B Agency 422.3 505.9 551.1 587.4 710.4

CMO-B Non-Agency 117.1 128.5 136.0 134.2 179.0

Agency 7.9 55.8 67.4 90.2 78.0

Non-Agency 0.3 18.9(41.8)(111.3)(304.9)

Total Residential mortgage-backed securities 547.6 709.1 712.7 700.5 662.5

Commercial Mortgage-Backed Securities 411.3 511.8 507.5 457.5 239.5

Other Asset-Backed Securities* 50.4 64.1 70.9 75.1 64.6

Total Net Unrealized Gain/Loss 3,916.6 7,067.2 7,863.0 7,904.6 6,494.3

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

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Asset Backed Securities

(in millions USD)

RMBS Balances by Collateral Type

Balances as of

6/30/13 3/31/13 12/31/12 9/30/12 6/30/12

Amortized Amortized Amortized Amortized Amortized

Fair Value Cost Fair Value Cost Fair Value Cost Fair Value Cost Fair Value Cost

Prime Agency 6,040.8 5,508.4 5,639.6 4,939.7 5,844.8 5,070.0 6,763.9 5,929.3 6,783.4 5,821.7

Prime / Non-Agency 1,148.9 1,000.6 1,300.0 1,116.1 1,399.4 1,215.3 1,503.2 1,312.7 1,621.0 1,439.9

Alt-A RMBS 376.3 344.6 402.0 365.2 411.3 389.2 415.2 407.4 399.7 431.9

Subprime Mortgage-Backed Securities 802.8 806.5 836.9 836.3 967.3 998.0 949.5 1,039.1 935.3 1,122.5

Total 8,368.8 7,660.1 8,178.5 7,257.3 8,622.8 7,672.5 9,631.8 8,688.5 9,739.4 8,816.0

CMBS Balances by Year of Origination

Balances as of

6/30/13 3/31/13 12/31/12 9/30/12 6/30/12

Amortized Amortized Amortized Amortized Amortized

Fair Value Cost Fair Value Cost Fair Value Cost Fair Value Cost Fair Value Cost

2008 11.4 9.2 11.8 9.4 12.9 11.1 15.3 13.0 15.2 14.6

2007 1,636.3 1,457.6 1,810.3 1,583.0 1,850.3 1,636.8 2,018.7 1,841.4 1,898.2 1,860.7

2006 1,390.0 1,247.1 1,475.7 1,300.7 1,493.7 1,315.8 1,494.1 1,333.5 1,449.7 1,357.1

2005 and prior 1,388.2 1,300.7 1,515.4 1,408.3 1,589.5 1,475.2 1,688.9 1,571.6 1,834.4 1,725.6

Total 4,425.9 4,014.6 4,813.2 4,301.4 4,946.4 4,438.9 5,217.0 4,759.5 5,197.5 4,958.0

Other ABS Balances by Loan

Classification

Balances as of

6/30/13 3/31/13 12/31/12 9/30/12 6/30/12

Amortized Amortized Amortized Amortized Amortized

Fair Value Cost Fair Value Cost Fair Value Cost Fair Value Cost Fair Value Cost

Credit Card Receivables 564.1 538.5 591.5 558.0 651.7 614.8 671.4 631.9 619.5 584.2

Automobile Receivables 500.1 498.9 471.1 468.1 535.2 531.1 573.8 568.8 460.0 456.9

CLO’s * 49.1 48.4 53.6 53.8 66.1 68.0 82.1 86.0 75.2 84.5

Other 295.9 280.3 310.8 291.0 355.8 334.2 344.5 321.5 364.7 343.4

Total 1,409.2 1,366.1 1,427.0 1,370.9 1,608.8 1,548.1 1,671.8 1,608.2 1,519.4 1,469.0

* Excludes consolidated CLO’s

Page 56 of 70

ING U.S.

RMBS Securities Summary

(in millions USD)

RMBS*

By Rating and Origination Year

As of June 30, 2013

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 6,015.5 5,479.5 696.7 626.1 164.1 141.6 467.7 436.5 7,344.0 6,683.7

2 9.8 11.5 100.1 104.0 48.7 47.1 66.8 70.9 225.4 233.5

3 9.8 11.8 78.2 76.4 92.0 87.1 182.6 200.2 362.6 375.5

4 5.7 5.6 64.7 62.6 58.6 57.0 76.3 88.9 205.3 214.1

5 — 53.3 39.7 10.4 9.0 7.9 7.2 71.6 55.9

6 — 155.9 91.8 2.5 2.8 1.5 2.8 159.9 97.4

Total by rating 6,040.8 5,508.4 1,148.9 1,000.6 376.3 344.6 802.8 806.5 8,368.8 7,660.1

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 6,002.8 5,466.3 15.4 15.4 0.3 0.3 3.2 3.2 6,021.7 5,485.2

AA 3.1 3.0 40.2 37.7 1.2 1.2 8.4 8.2 52.9 50.1

A — 102.8 95.9 6.9 6.5 43.1 44.1 152.8 146.5

BBB — 166.5 168.5 14.0 14.3 48.0 49.6 228.5 232.4

BB 9.8 11.8 72.4 67.8 18.1 18.4 93.8 102.3 194.1 200.3

B and below 25.1 27.3 751.6 615.3 335.8 303.9 606.3 599.1 1,718.8 1,545.6

Total by rating 6,040.8 5,508.4 1,148.9 1,000.6 376.3 344.6 802.8 806.5 8,368.8 7,660.1

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

2013 335.6 342.4 — — — 335.6 342.4

2012 733.1 749.9 — — — 733.1 749.9

2011 929.0 928.7 — — — 929.0 928.7

2010 951.9 941.1 30.3 29.1 — — 982.2 970.2

2009 400.7 395.5 14.8 15.0 — — 415.5 410.5

2008 240.4 226.1 — — — 240.4 226.1

2007 506.9 460.2 162.3 152.1 79.3 75.3 230.5 221.2 979.0 908.8

2006 605.4 473.8 256.2 179.3 97.4 74.5 262.7 256.7 1,221.7 984.3

2005 and prior 1,337.8 990.7 685.3 625.1 199.6 194.8 309.6 328.6 2,532.3 2,139.2

Total by origination year 6,040.8 5,508.4 1,148.9 1,000.6 376.3 344.6 802.8 806.5 8,368.8 7,660.1

* Subprime mortgage-backed securities are included in RMBS under this presentation

Page 57 of 70

ING U.S.

CMBS and Other Asset-Backed Securities Summary

(in millions USD)

CMBS

By Rating and Vintage

As of June 30, 2013

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

2008 — — — 11.4 9.2 — — 11.4 9.2

2007 77.0 71.8 395.9 359.0 188.0 171.2 509.2 445.2 315.6 285.8 150.6 124.6 1,636.3 1,457.6

2006 585.9 538.6 250.4 226.8 153.4 139.2 245.1 220.4 104.8 82.1 50.4 40.0 1,390.0 1,247.1

2005 and prior 983.9 942.9 169.2 158.4 151.1 137.6 34.5 33.0 36.4 23.6 13.1 5.2 1,388.2 1,300.7

Total by origination year 1,646.8 1,553.3 815.5 744.2 492.5 448.0 800.2 707.8 456.8 391.5 214.1 169.8 4,425.9 4,014.6

Other Asset-Backed Securities*

By Rating and Classification

As of June 30, 2013

Credit Card Receivables Automobile Receivables CLO’s** 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 541.9 517.6 500.1 498.9 1.9—261.5 249.6 1,305.4 1,266.1

AA — — 28.0 24.2 2.1 2.6 30.1 26.8

A 22.2 20.9 — 13.5 11.3 15.7 16.0 51.4 48.2

BBB — — — 12.4 11.3 12.4 11.3

BB — — — 0.6 0.6 0.6 0.6

B and below — — 5.7 12.9 3.6 0.2 9.3 13.1

Total by rating 564.1 538.5 500.1 498.9 49.1 48.4 295.9 280.3 1,409.2 1,366.1

Credit Card Receivables Automobile Receivables CLO’s** Other Total

Amortized Amortized Amortized Amortized Amortized

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

1 564.1 538.5 500.1 498.9 43.4 35.5 279.3 268.2 1,386.9 1,341.1

2 — — — 12.4 11.3 12.4 11.3

3 — — — 0.6 0.6 0.6 0.6

4 — — — — —

5 — — — — —

6 — — 5.7 12.9 3.6 0.2 9.3 13.1

Total by rating 564.1 538.5 500.1 498.9 49.1 48.4 295.9 280.3 1,409.2 1,366.1

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

** Excludes consolidated CLO’s

Page 58 of 70

ING U.S.

Mortgage Loans on Real Estate

(in millions USD)

Mortgage Loans on Real Estate by Region and Property

Type

Balances as of

6/30/13 3/31/13 12/31/12 9/30/12 6/30/12

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

Pacific 2,090.2 23.3% 2,025.5 22.7% 1,973.9 22.8% 2,065.6 23.7% 2,109.1 23.5%

South Atlantic 1,706.6 19.1% 1,725.9 19.3% 1,687.6 19.4% 1,690.6 19.4% 1,762.2 19.7%

Middle Atlantic 1,142.8 12.8% 1,000.5 11.2% 1,059.5 12.2% 1,054.5 12.1% 1,066.8 11.9%

East North Central 1,006.7 11.3% 1,020.1 11.4% 962.8 11.1% 986.8 11.4% 1,047.8 11.7%

West South Central 1,246.3 14.0% 1,301.6 14.5% 1,176.3 13.6% 1,107.9 12.8% 1,140.6 12.7%

Mountain 711.1 8.0% 800.9 8.9% 718.2 8.3% 693.2 8.0% 743.3 8.3%

West North Central 502.7 5.6% 535.0 6.0% 537.5 6.2% 525.9 6.1% 506.8 5.7%

New England 322.1 3.6% 334.8 3.7% 334.6 3.9% 330.1 3.8% 340.0 3.8%

East South Central 204.7 2.3% 209.0 2.3% 215.8 2.5% 232.5 2.7% 241.3 2.7%

Total Commercial Mortgage Loans (1) 8,933.2 100.0% 8,953.3 100.0% 8,666.2 100.0% 8,687.1 100.0% 8,957.9 100.0%

Property Type

Industrial 3,183.5 35.7% 3,385.2 37.7% 3,361.5 38.8% 3,354.8 38.5% 3,458.2 38.6%

Retail 2,653.1 29.7% 2,609.9 29.2% 2,350.2 27.1% 2,167.5 25.0% 2,240.1 25.0%

Office 1,280.9 14.3% 1,243.3 13.9% 1,284.7 14.8% 1,344.9 15.5% 1,420.2 15.9%

Apartments 994.1 11.1% 935.8 10.5% 952.1 11.0% 974.2 11.2% 984.8 11.0%

Hotel/Motel 323.3 3.6% 324.1 3.6% 280.6 3.2% 436.4 5.0% 438.3 4.9%

Other 341.0 3.8% 353.9 4.0% 363.1 4.2% 334.9 3.9% 340.7 3.8%

Mixed Use 157.3 1.8% 101.1 1.1% 74.0 0.9% 74.4 0.9% 75.6 0.8%

Total Commercial Mortgage Loans (1) 8,933.2 100.0% 8,953.3 100.0% 8,666.2 100.0% 8,687.1 100.0% 8,957.9 100.0%

Loan Size

Under $5 million 1,607.7 18.0% 1,662.9 18.6% 1,683.0 19.4% 1,698.4 19.5% 1,718.4 19.2%

$5 million but less than $10 million 1,601.5 17.9% 1,694.8 18.9% 1,641.1 18.9% 1,675.4 19.3% 1,674.6 18.7%

$10 million but less than $20 million 1,725.0 19.3% 1,639.0 18.3% 1,578.6 18.2% 1,611.8 18.6% 1,593.8 17.8%

$20 million but less than $30 million 1,085.7 12.2% 966.1 10.8% 753.2 8.7% 705.3 8.1% 718.2 8.0%

$30 million and over 2,913.3 32.6% 2,990.5 33.4% 3,010.3 34.8% 2,996.2 34.5% 3,252.9 36.3%

Total Commercial Mortgage Loans (1) 8,933.2 100.0% 8,953.3 100.0% 8,666.2 100.0% 8,687.1 100.0% 8,957.9 100.0%

Other Stats as ratios

LTV—Origination 58.5% 58.1% 57.7% 56.9% 56.6%

LTV—Current 55.5% 55.3% 55.0% 53.8% 54.4%

Debt Service Coverage 1.9 1.9 2.0 2.0 2.0

Other Stats in USD millions

60+day delinq (incl in process of foreclosure)

US GAAP Book Value 9.0 9.0 9.0 16.7 16.7

Allowance for loan losses 4.1 3.9 3.9 4.5 4.7

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

Page 59 of 70

ING U.S.

U.S. and Foreign Corporate Securities

(in millions USD)

Summary of Corporate Securities by

Industry Category

Balances as of

6/30/13 3/31/13 12/31/12 9/30/12 6/30/12

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

Type Industry

Communications 3,893.5 10.2% 4,056.8 10.4% 3,670.9 9.6% 3,608.0 9.8% 3,438.1 9.8%

Financial 5,629.2 14.7% 5,826.4 15.0% 5,579.5 14.7% 5,341.0 14.5% 5,399.7 15.4%

Industrial and other companies 21,014.9 55.0% 21,203.8 54.4% 21,065.0 55.4% 19,999.6 54.5% 18,863.9 53.7%

Public Utilities 6,641.3 17.4% 6,813.6 17.5% 6,718.7 17.6% 6,756.4 18.4% 6,513.1 18.5%

Transportation 1,037.6 2.7% 1,044.4 2.7% 1,040.0 2.7% 1,009.9 2.8% 923.2 2.6%

Sub-total 38,216.5 100.0% 38,945.0 100.0% 38,074.1 100.0% 36,714.9 100.0% 35,138.0 100.0%

Communications 426.2 3.2% 491.2 3.6% 499.6 3.6% 498.5 3.6% 362.6 2.7%

Financial 918.6 6.8% 917.0 6.7% 1,036.1 7.5% 1,040.5 7.5% 1,029.3 7.6%

Industrial and other companies 8,660.6 64.0% 8,511.4 61.7% 8,587.4 61.8% 8,519.0 61.6% 8,322.9 61.7%

Private Utilities 3,006.5 22.3% 3,302.1 24.0% 3,356.0 24.2% 3,410.3 24.6% 3,401.8 25.2%

Transportation 494.6 3.7% 547.1 4.0% 405.2 2.9% 369.2 2.7% 383.1 2.8%

Sub-total 13,506.5 100.0% 13,768.8 100.0% 13,884.3 100.0% 13,837.5 100.0% 13,499.7 100.0%

Communications 4,319.7 8.4% 4,548.0 8.6% 4,170.5 8.0% 4,106.5 8.2% 3,800.7 7.8%

Financial 6,547.8 12.7% 6,743.4 12.8% 6,615.6 12.7% 6,381.5 12.6% 6,429.0 13.2%

Industrial and other companies 29,675.5 57.3% 29,715.2 56.4% 29,652.4 57.1% 28,518.6 56.4% 27,186.8 55.9%

Total Utilities 9,647.8 18.6% 10,115.7 19.2% 10,074.7 19.4% 10,166.7 20.1% 9,914.9 20.4%

Transportation 1,532.2 3.0% 1,591.5 3.0% 1,445.2 2.8% 1,379.1 2.7% 1,306.3 2.7%

Total 51,723.0 100.0% 52,713.8 100.0% 51,958.4 100.0% 50,552.4 100.0% 48,637.7 100.0%

Page 60 of 70

ING U.S.

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, 2013 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% 315.0 4.3% 315.0 3.8% 302.7 3.8%

Italy—0.0%—0.0% 267.3 3.7% 267.3 3.2% 253.3 3.2%

Portugal—0.0%—0.0% 9.8 0.1% 9.8 0.1% 7.6 0.1%

Spain—0.0%—0.0% 238.7 3.3% 238.7 2.9% 230.2 2.9%

Total Peripheral Euro-Zone—0.0%—0.0% 830.8 11.4% 830.8 10.0% 793.8 10.0%

Austria—0.0%—0.0% 16.0 0.2% 16.0 0.2% 15.0 0.2%

Belgium 37.4 12.4%—0.0% 344.0 4.7% 381.5 4.6% 333.0 4.2%

Bulgaria 5.9 2.0%—0.0%—0.0% 5.9 0.1% 5.8 0.1%

Croatia 27.1 9.0%—0.0%—0.0% 27.1 0.3% 25.5 0.3%

Czech Republic—0.0%—0.0% 9.9 0.1% 9.9 0.1% 10.1 0.1%

Denmark—0.0% 10.3 1.3% 112.3 1.6% 122.6 1.5% 114.5 1.5%

Finland—0.0%—0.0% 42.4 0.6% 42.4 0.5% 40.0 0.5%

France—0.0% 95.1 12.0% 376.6 5.2% 471.7 5.7% 447.8 5.7%

Germany—0.0% 51.5 6.5% 560.7 7.7% 612.2 7.3% 571.2 7.2%

Hungary 6.1 2.0%—0.0%—0.0% 6.1 0.1% 5.9 0.1%

Iceland—0.0% 1.1 0.1%—0.0% 1.1 0.0%—0.0%

Kazakhstan 57.9 19.1%—0.0% 7.5 0.1% 65.4 0.8% 61.7 0.8%

Latvia 4.9 1.6%—0.0%—0.0% 4.9 0.1% 4.6 0.1%

Lithuania 32.9 10.9%—0.0%—0.0% 32.9 0.4% 30.6 0.4%

Luxembourg—0.0%—0.0% 124.0 1.7% 124.0 1.5% 122.7 1.6%

Netherlands—0.0% 174.5 22.0% 1,132.7 15.7% 1,307.2 15.6% 1,222.9 15.4%

Norway—0.0% 2.9 0.4% 238.1 3.3% 241.0 2.9% 240.3 3.1%

Russian Federation 78.6 25.9%—0.0% 95.4 1.3% 174.0 2.1% 164.4 2.1%

Slovakia 5.1 1.7%—0.0%—0.0% 5.1 0.1% 5.0 0.1%

Slovenia—0.0%—0.0%—0.0%—0.0%—0.0%

Sweden 23.7 7.8% 19.8 2.5% 125.6 1.7% 169.0 2.0% 156.5 2.0%

Switzerland—0.0% 150.2 18.9% 547.2 7.6% 697.4 8.4% 645.8 8.2%

Turkey 22.9 7.6%—0.0% 37.2 0.5% 60.1 0.7% 61.7 0.8%

United Kingdom—0.0% 287.8 36.3% 2,643.5 36.6% 2,931.3 35.0% 2,795.4 35.5%

Total Non-Peripheral Europe 302.5 100.0% 793.2 100.0% 6,413.1 88.6% 7,508.8 90.0% 7,080.4 90.0%

Total Europe 302.5 100.0% 793.2 100.0% 7,243.9 100.0% 8,339.6 100.0% 7,874.2 100.0%

Page 61 of 70

ING U.S.

Additional Information

Page 62 of 70

ING U.S.

Adjustments to Operating Earnings by Segment

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

6/30/13 3/31/13 12/31/12 9/30/12 6/30/12 6/30/13 6/30/12

DAC/VOBA and other intangibles unlocking

Retirement(1.4) 3.0(8.9) 15.9(5.0) 1.6(1.2)

Annuities 9.9 7.0(44.4)(12.9)(8.6) 16.9(28.9)

Total Retirement Solutions 8.5 10.0(53.3) 3.0(13.6) 18.5(30.1)

Investment Management — — — -

Individual Life(4.9)(2.7) 4.6 3.4(0.2)(7.6)(4.6)

Employee Benefits — — — -

Total Insurance Solutions(4.9)(2.7) 4.6 3.4(0.2)(7.6)(4.6)

Ongoing Business 3.6 7.3(48.7) 6.4(13.8) 10.9(34.7)

Corporate — — — -

Total Closed Blocks — — — -

Total DAC/VOBA and other intangibles unlocking 3.6 7.3(48.7) 6.4(13.8) 10.9(34.7)

Additional adjustments*

Retirement — -(1.0)(50.1) -(30.3)

Annuities — -(0.3)(18.5) -(10.9)

Total Retirement Solutions — -(1.3)(68.6) -(41.2)

Investment Management — — 2.2—2.2

Individual Life ——5.2(3.1)—9.6

Employee Benefits ——0.6(3.8) -(0.5)

Total Insurance Solutions ——5.8(6.9)—9.1

Ongoing Business ——4.5(73.3) -(29.9)

Corporate(43.2)(41.9)(39.2)(39.8)(32.1)(85.1)(48.8)

Total Closed Blocks — —(10.1) -(5.8)

Total non-recurring items and interest expense(43.2)(41.9)(39.2)(35.3)(115.5)(85.1)(84.5)

Total adjustments to operating earnings

Retirement(1.4) 3.0(8.9) 14.9(55.1) 1.6(31.5)

Annuities 9.9 7.0(44.4)(13.2)(27.1) 16.9(39.8)

Total Retirement Solutions 8.5 10.0(53.3) 1.7(82.2) 18.5(71.3)

Investment Management — — 2.2—2.2

Individual Life(4.9)(2.7) 4.6 8.6(3.3)(7.6) 5.0

Employee Benefits ——0.6(3.8) -(0.5)

Total Insurance Solutions(4.9)(2.7) 4.6 9.2(7.1)(7.6) 4.5

Ongoing Business 3.6 7.3(48.7) 10.9(87.1) 10.9(64.6)

Corporate(43.2)(41.9)(39.2)(39.8)(32.1)(85.1)(48.8)

Total Closed Blocks — —(10.1) -(5.8)

Total adjustments to operating earnings(39.6)(34.6)(87.9)(28.9)(129.3)(74.2)(119.2)

* Additional adjustments include impact of portfolio restructuring and interest expenses

Page 63 of 70

ING U.S.

Average Capital and Financial Leverage

Balances as of

(in millions USD, unless otherwise indicated) 6/30/13 12/31/12

ING U.S., Inc. Shareholders’ Equity 12,471.6 13,874.9

AOCI 2,087.8 3,710.7

ING U.S., Inc. Shareholders’ Equity, excluding AOCI 10,383.8 10,164.2

Financial Leverage (1) 3,683.3 3,808.3

Total Capital 14,067.1 13,972.5

Financial Leverage to Total Capital 26.2% 27.3%

Average Capital (average for period) 14,021.0 13,886.4

(1) Financial leverage is defined as short term debt, long term debt, and loans from certain subsidiaries, excluding operating

leverage. We define operating leverage as self-liquidating forms of financing, including securities lending, reverse repurchase and

captive reinsurance reserve financing arrangements. The following table presents a reconciliation of financial leverage to debt:

Balances as of

(in millions USD, unless otherwise indicated) 6/30/13 12/31/12

Short-term Debt 138.6 1,064.6

Long-term Debt 3,265.7 3,171.1

Total Debt 3,404.3 4,235.7

Less: operating leverage -(688.5)

Plus: loans from subsidiaries 279.0 261.1

Financial Leverage 3,683.3 3,808.3

Page 64 of 70

ING U.S.

Operating Revenues by Segment

Three Months Ended

Year-to-Date

(in millions USD)

6/30/13

3/31/13

12/31/12

9/30/12

6/30/12

6/30/13

6/30/12

Retirement

596.9

583.2

570.5

582.1

538.9

1,180.1

1,119.3

Annuities

304.0

307.6

317.4

309.7

328.7

611.6

679.9

Total Retirement Solutions

900.9

890.8

887.9

891.8

867.6

1,791.7

1,799.2

Investment Management

148.6

131.9

142.5

142.2

130.2

280.5

260.8

Individual Life

694.8

687.1

694.2

678.5

709.2

1,381.9

1,421.2

Employee Benefits

311.7

318.1

313.6

310.5

313.8

629.8

627.1

Total Insurance Solutions

1,006.5

1,005.2

1,007.8

989.0

1,023.0

2,011.7

2,048.3

Ongoing Business

2,056.0

2,027.9

2,038.2

2,023.0

2,020.8

4,083.9

4,108.3

Corporate

7.9

17.1

19.2

13.2

19.3

25.0

33.5

Total Closed Blocks

33.6

45.5

38.2

40.5

38.9

79.1

92.3

Total operating revenues

2,097.5

2,090.5

2,095.6

2,076.7

2,079.0

4,188.0

4,234.1

Adjustments:

Closed Block Variable Annuity

(60.3)

(444.0)

68.1

42.5

798.2

(504.3)

(180.6)

Net realized investment gains (losses) and

related charges and adjustments

(41.9)

30.4

49.5

253.4

197.2

(11.5)

300.5

Gain (loss) on change in fair value of derivatives

related to guaranteed benefits

70.1

20.6

(29.5)

43.8

(56.5)

90.7

68.8

Revenues related to business exited through

reinsurance or divestment

(55.8)

(12.1)

1.1

27.7

28.3

(67.9)

35.8

Revenues (loss) attributable to noncontrolling interests

60.9

40.3

(34.0)

63.7

262.8

101.2

284.1

Other adjustments to operating revenues*

70.1

92.9

53.0

56.5

52.9

163.0

104.5

Total revenue

2,140.6

1,818.6

2,203.8

2,564.3

3,361.9

3,959.2

4,847.2

* 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.

Page 65 of 70

ING U.S.

Ongoing Business Sources of Earnings Reconciliation

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

6/30/13 3/31/13 12/31/12 9/30/12 6/30/12 6/30/13 6/30/12

Investment spread and other investment income:

Net investment income and net realized gains (losses)

Retirement 388.8 388.9 380.1 384.5 347.2 777.7 735.3

Annuities 283.5 287.1 298.4 291.7 304.2 570.6 633.2

Investment Management 6.1 2.8 5.6 17.3 13.3 8.9 18.7

Individual Life 215.4 216.9 213.1 229.7 224.0 432.3 471.0

Employee Benefits 27.9 28.4 27.0 30.0 25.6 56.3 57.3

Total net investment income and net realized gains (losses) 921.7 924.1 924.2 953.2 914.3 1,845.8 1,915.5

Total Ongoing Business 921.7 924.1 924.2 953.2 914.3 1,845.8 1,915.5

Adjustments:

Interest credited(551.3)(552.2)(567.1)(565.0)(575.9)(1,103.5)(1,165.9)

Other(9.4)(8.2)(14.7)(16.4)(9.4)(17.6)(34.8)

Total adjustments(560.7)(560.4)(581.8)(581.4)(585.3)(1,121.1)(1,200.7)

Ongoing investment spread and other investment income 361.0 363.7 342.4 371.8 329.0 724.7 714.8

Fee based margin:

Fee income

Retirement 189.0 183.8 182.7 181.6 173.6 372.8 350.7

Annuities 11.2 9.9 10.4 9.5 8.2 21.1 15.6

Investment Management 132.3 121.7 122.6 120.1 114.1 254.0 232.0

Individual Life 280.0 276.8 282.0 262.4 288.0 556.8 571.3

Employee Benefits 15.8 15.8 15.9 15.7 15.5 31.6 30.9

Total Fee Income 628.3 608.0 613.6 589.3 599.4 1,236.3 1,200.5

Other revenue

Retirement 15.3 10.0 6.8 15.5 15.1 25.3 29.8

Annuities 2.6 2.8 2.3 2.4 4.6 5.4 7.6

Investment Management 10.2 7.4 14.3 4.8 2.8 17.6 10.1

Individual Life 7.3 7.6 7.4 6.4 10.5 14.9 12.8

Employee Benefits(1.0)(1.0)(0.9)(1.0) 0.4(2.0)(1.8)

Total other revenue 34.4 26.8 29.9 28.1 33.4 61.2 58.5

Total Ongoing Business 662.7 634.8 643.5 617.4 632.8 1,297.5 1,259.0

Adjustments:

Surrender fees and MVA charges(11.3)(1.5) 2.8(5.3)(13.0)(12.8)(20.2)

Insurance Solutions FAS 97 fees and unearned revenue reserve amortization/unlocking(288.7)(285.6)(291.0)(273.8)(292.5)(574.3)(584.9)

Other 1.5(4.1)(5.3)(2.3)(6.5)(2.6)(2.4)

Total adjustments(298.5)(291.2)(293.5)(281.4)(312.0)(589.7)(607.5)

Ongoing fee based margin 364.2 343.6 350.0 336.0 320.8 707.8 651.5

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ING U.S.

Ongoing Business Sources of Earnings Reconciliation

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

6/30/13 3/31/13 12/31/12 9/30/12 6/30/12 6/30/13 6/30/12

Net underwriting gain (loss) and other revenue:

Premiums

Retirement 3.8 0.5 0.9 0.5 3.0 4.3 3.5

Annuities 6.7 7.8 6.3 6.1 11.7 14.5 23.5

Investment Management — — — -

Individual Life 192.1 185.8 191.7 180.0 186.7 377.9 366.1

Employee Benefits 269.0 274.9 271.6 265.8 272.3 543.9 540.7

Total premiums 471.6 469.0 470.5 452.4 473.7 940.6 933.8

Interest credited and other policyholder benefits

Retirement(212.1)(204.6)(212.9)(210.5)(210.4)(416.7)(418.8)

Annuities(183.9)(184.4)(192.3)(200.3)(219.6)(368.3)(461.5)

Investment Management — — — -

Individual Life(512.4)(501.6)(489.1)(509.5)(531.0)(1,014.0)(1,035.8)

Employee Benefits(213.2)(242.6)(220.9)(214.0)(223.2)(455.8)(457.2)

Total interest credited and other policyholder benefits(1,121.6)(1,133.2)(1,115.2)(1,134.3)(1,184.2)(2,254.8)(2,373.3)

Total Ongoing Business(650.0)(664.2)(644.7)(681.9)(710.5)(1,314.2)(1,439.5)

Adjustments:

Interest credited 551.3 552.2 567.1 565.0 575.9 1,103.5 1,165.9

Surrender fees and MVA charges 11.3 1.5(2.8) 5.3 13.0 12.8 20.2

Insurance Solutions FAS 97 fees and unearned revenue reserve amortization/unlocking 287.2 284.9 293.9 295.2 292.5 572.1 583.5

Sales inducements amortization and unlocking 12.0 10.1 11.7 11.3 11.0 22.1 26.7

FAS 113 and SOP 03-1 amortization and unlocking 7.2 6.4 2.3 18.6—13.6 2.8

Other(14.9)(11.0)(5.4) 0.6(3.3)(25.9)(1.0)

Total adjustments 854.1 844.1 866.8 896.0 889.1 1,698.2 1,798.1

Ongoing net underwriting gain (loss) and other revenue 204.1 179.9 222.1 214.1 178.6 384.0 358.6

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ING U.S.

Ongoing Business Sources of Earnings Reconciliation

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

6/30/13 3/31/13 12/31/12 9/30/12 6/30/12 6/30/13 6/30/12

Administrative expenses and trail commissions:

Operating and interest expense

Retirement(210.0)(204.0)(204.7)(199.1)(208.0)(414.0)(422.3)

Annuities(32.2)(31.0)(30.4)(32.2)(31.3)(63.2)(62.6)

Investment Management(107.5)(101.8)(111.3)(103.1)(99.0)(209.3)(196.6)

Individual Life(94.8)(91.8)(102.8)(99.2)(97.4)(186.6)(199.0)

Employee Benefits(60.5)(60.0)(60.7)(56.7)(57.6)(120.5)(118.8)

Total administrative expenses and trail commissions(505.0)(488.6)(509.9)(490.3)(493.3)(993.6)(999.3)

Total Ongoing Business(505.0)(488.6)(509.9)(490.3)(493.3)(993.6)(999.3)

Adjustments:

Other 22.9 22.2 24.6 18.4 19.1 45.1 38.3

Total adjustments 22.9 22.2 24.6 18.4 19.1 45.1 38.3

Ongoing administrative expenses and trail commissions(482.1)(466.4)(485.3)(471.9)(474.2)(948.5)(961.0)

DAC/VOBA and other intangibles amortization and unlocking:

Net amortization of DAC/VOBA

Retirement(42.7)(36.8)(44.7)(27.1)(49.4)(79.5)(83.2)

Annuities(28.4)(37.9)(88.4)(44.6)(50.9)(66.3)(92.5)

Investment Management — — — -

Individual Life(47.6)(42.9)(47.7)(16.6)(47.4)(90.5)(98.0)

Employee Benefits(3.9)(3.1)(3.4)(3.7)(3.9)(7.0)(6.4)

Total net amortization of DAC/VOBA(122.6)(120.7)(184.2)(92.0)(151.6)(243.3)(280.1)

Total Ongoing Business(122.6)(120.7)(184.2)(92.0)(151.6)(243.3)(280.1)

Adjustments

Sales inducements amortization and unlocking(12.0)(10.1)(11.7)(11.3)(11.0)(22.1)(26.7)

FAS 113 and SOP 03-1 amortization and unlocking(7.2)(6.4)(2.3)(18.6) -(13.6)(2.8)

Unearned revenue reserve amortization and unlocking 1.5 0.7(2.9)(21.4)—2.2 1.4

Other(0.1) 1.1 0.8(0.3) 0.1 1.0(0.1)

Total adjustments(17.8)(14.7)(16.1)(51.6)(10.9)(32.5)(28.2)

Ongoing DAC/VOBA and other intangibles amortization and unlocking(140.4)(135.4)(200.3)(143.6)(162.5)(275.8)(308.3)

Page 68 of 70

ING U.S.

Fixed Maturity Securities—Hannover Life Re Modco Reinsurance

(in millions USD)

Total investments, after consolidation (See Portfolio Composition page), include the

following amounts related to business sold to Hannover Re through Modco

reinsurance, in which the risk associated with these policies has been transferred to

Hannover Life Re:

Balances as of

6/30/13 3/31/13 12/31/12 9/30/12 6/30/12

Fixed Maturity Securities—Hannover Life Re Modco Reinsurance

Security Sector

U.S. Government agencies and authorities 87.1 22.5 41.9 19.7 19.5

U.S. Corporate—Public 896.6 782.1 798.7 818.2 812.3

Foreign Government / Agency 3.4 3.5 2.0 2.8 2.8

Foreign Corporate—Public 138.5 144.0 144.2 129.2 121.1

State, municipalities and political subdivisions 108.2 118.3 119.4 119.8 118.8

Residential mortgaged-backed securities:

Agency 107.9 124.4 133.4 139.4 145.0

Non—Agency 1.5 1.8 2.2 2.5 2.8

Total Residential mortgage-backed securities 109.4 126.2 135.6 141.9 147.8

Commercial mortgage-backed securities 100.3 108.0 114.7 121.2 124.4

Other asset-backed securities 19.0 22.2 25.8 27.7 28.3

Total fixed maturities, including securities pledged 1,462.5 1,326.8 1,382.3 1,380.5 1,375.0

Page 69 of 70

ING U.S. Ratings

A.M. Best Fitch Standard & Poor’s Moody’s

Insurance Financial Strength Ratings

ING Life Insurance and Annuity Company A A- A- A3

ING USA Annuity & Life Insurance Company A A- A- A3

Midwestern United Life Insurance Company A- NR A- NR

ReliaStar Life Insurance Company A A- A- A3

ReliaStar Life Insurance Company of New York A A- A- A3

Security Life of Denver Insurance Company A A- A- A3

Credit Ratings

ING U.S., Inc.

Long-Term Issuer Credit bbb BBB BBB- Baa3

Long-Term Senior Unsecured Debt bbb BBB- BBB- Baa3

Junior Subordinated Debt bb+ BB BB Ba1 (hyb)

Commercial Paper NR F2 A-2 P-2

Lion Connecticut Holdings, Inc.

Long-Term Issuer Credit NR NR BBB- Baa3

Investor Information

Corporate Offices: Media Contact: Investor Contact:

ING U.S. Christopher Breslin Darin Arita

230 Park Avenue 212-309-8941 212-309-8999

New York, New York 10169 Christopher.Breslin@us.ing.com IR@us.ing.com

NYSE Ticker: Web Site:

VOYA investors.ing.us

Page 70 of 70