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):

February 12, 2014

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

On February 12, 2014, ING U.S., Inc. (“ING U.S.”) reported its financial results for the three and twelve months ended December 31, 2013. A copy of the press release containing this information is furnished as Exhibit 99.1 hereto and is incorporated by reference in this Item 2.02.

As previously announced, ING U.S. will host a conference call on Wednesday, February 12, 2014 at 10:00 am EST to discuss its fourth quarter and full year 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 EST on Wednesday, February 12, 2014. In addition, more detailed financial information can be found in ING U.S.’s Quarterly Investor Supplement for the three months ended December 31, 2013, available on ING U.S.’s investor relations website at http://investors.ing.us. The Quarterly Investor Supplement for the three months ended December 31, 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 February 12, 2014 (furnished and not filed)
99.2	Quarterly Investor Supplement for the three months ended December 31, 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:	Senior Vice President and Corporate Secretary

Dated: February 12, 2014

EX-99.1

Exhibit 99.1

	CORPORATE COMMUNICATIONS

PRESS RELEASE

ING U.S. Announces Fourth Quarter and Full Year 2013 Results

NEW YORK, February 12, 2014 – ING U.S., Inc. (NYSE: VOYA), which will rebrand as Voya Financial, Inc. in 2014, today reported financial results for the fourth quarter and full year 2013:

• Fourth quarter 2013 after-tax operating earnings^1,2 of $198 million, or $0.75 per diluted share, compared with $136 million, or $0.59 per share in 4Q’12

• Fourth quarter 2013 net income available to common shareholders of $548 million, or $2.08 per diluted share, compared with a loss of $23 million, or $0.10 per share in 4Q’12. Fourth quarter 2013 net income available to common shareholders included:

• Actuarial gains on pension and postretirement benefits, after-tax, of $263 million primarily due to rising interest rates and strong performance of assets in the pension plan; and

• The Closed Block Variable Annuity (CBVA) segment’s after-tax loss of $147 million, which was driven by an after-tax loss of $177 million related to nonperformance risk³. The CBVA segment includes the effect of its hedge program, which focuses on protecting regulatory and rating agency capital from market movements, rather than minimizing GAAP earnings volatility.

• Full year 2013 after-tax operating earnings of $825 million, or $3.27 per diluted share, compared with $597 million, or $2.60 per share in 2012

• Full year 2013 net income available to common shareholders of $601 million, or $2.38 per diluted share, compared with $473 million, or $2.06 per share in 2012

¹  ING U.S. assumes a 35% tax rate on items described as “after-tax.” The 35% tax rate does not reflect the benefit from recognizing certain deferred tax assets. 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 to GAAP measures, is provided in the tables that accompany this release and in the Quarterly Investor Supplement.

³  Nonperformance risk, which the company considers a noneconomic factor, is influenced by the credit quality of the individual insurance company subsidiary that issued the guarantee and the priority of policyholder claims. Improving credit quality will typically produce a loss, and worsening credit quality will typically produce a gain.

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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.

	Three months ended December 31,
($ in millions, before income taxes)	2013		2012
Ongoing Business operating earnings	$	352	$	229
Net gain from Lehman Recovery (net of DAC/VOBA and other intangibles)4		6		—
DAC/VOBA and other intangibles unlocking		22		(49	)
Ongoing Business adjusted operating earnings	$	324	$	278

Ongoing Business adjusted operating earnings before income taxes were $324 million, compared with $278 million in 4Q’12. The following items primarily accounted for this increase:

• Lower underwriting income ($41 million negative variance) driven by Individual Life and Employee Benefits;

• Increased fee based margin ($39 million positive variance) on higher assets due to positive net flows and market appreciation;

• Higher investment spread and other investment income ($35 million positive variance), driven primarily by higher limited partnership income and prepayment fee income (which may not recur at the same level), partly offset by lower investment income, moderated by adjusted crediting rates;

• Lower DAC/VOBA and other intangibles amortization ($19 million positive variance); and

• Higher trail commissions ($5 million negative variance) due to higher assets under management (AUM).

Ongoing Business adjusted operating return on equity (ROE)⁵ was 10.3% for full year 2013, compared with 8.3% for 2012.

“From the transformation efforts leading up to our initial public offering in May to the strong year-end results we are reporting today, we made considerable progress in improving our financial results in 2013,” said Rodney O. Martin, Jr., Chairman and Chief Executive Officer, ING U.S. “Our success can be seen in the 200 basis point increase in our Ongoing Business adjusted operating ROE compared with year-end 2012. At 10.3%, this is a substantial improvement in our ROE and a significant step toward our 2016 target of 12-13%.

⁴  Represents an additional residual gain associated with a previously announced (3Q’13) Lehman Brothers bankruptcy settlement (“Lehman Recovery”).

⁵  Ongoing Business adjusted operating ROE is a non-GAAP financial measure. A reconciliation to the most comparable GAAP measure is provided in the tables that accompany this release.

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“Over the course of 2013, each of our businesses continued to execute on their margin, growth, and capital improvement initiatives. During the fourth quarter, total assets under management and administration grew to $511 billion, driven in part by positive net flows in our Retirement and Investment Management businesses. We also positioned our Annuities business for growth, in part through our recent agreement with Allstate to offer a suite of our fixed annuity products. With regard to our protection businesses, we generated Individual Life sales at a level consistent with our focus on selling less capital intensive products. Our Employee Benefits business also continues to perform well, with loss ratios that were within or better than expected ranges.

“Our people delivered an exceptional execution of our plans in 2013. As we head into 2014, we are well positioned to continue improving our ROE and helping our customers with their retirement readiness, by providing them with superior asset accumulation, protection, and distribution products and services. At the same time, we are excited about our ongoing transition to Voya Financial, including our plans to change the name of our publicly-listed holding company in April. The Voya Financial brand embodies our commitment to helping Americans with their journey to financial security and our vision to be America’s Retirement Company,” added Martin.

FOURTH QUARTER 2013 HIGHLIGHTS

• Retirement Solutions and Investment Management accounted for approximately 74% of Ongoing Business adjusted operating earnings before income taxes for the three months and twelve months ended December 31, 2013

• Retirement net flows of $363 million

• Investment Management operating margin of 26.5% excluding results from investment capital; and net flows of $1.3 billion, excluding variable annuity outflows

• Individual Life sales of $21 million, reflecting a shift to less capital-intensive products

• Employee Benefits loss ratios of 78.4% for Stop Loss and 72.0% for Group Life – within and better than the company’s expected range, respectively

• Total AUM of $274 billion and total assets under management and administration of $511 billion

• Combined estimated risk-based capital (RBC) ratio of 504%⁶, above the company’s target of 425%

• Debt-to-capital ratio excluding accumulated other comprehensive income (AOCI) of 23.5%

• Book value per share (excluding AOCI) of $43.65

• Actuarial gains on pension and postretirement benefits, after-tax, of $263 million

⁶  Estimated combined RBC ratio for ING U.S.’s four principal U.S. insurance subsidiaries.

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FOURTH QUARTER 2013 SUMMARY

	Three months ended December 31,
($ in millions, except per share amounts)	2013			2012			% Change
Operating earnings before income taxes by segment
Retirement	$	139		$	108			28	%
Annuities		83			6			NM
Investment Management		53			31			69
Individual Life		47			55			(14	)
Employee Benefits		30			29			7
Ongoing Business	$	352		$	229			54	%
Corporate		(44	)		(44	)		NM
Closed Block Institutional Spread Products and Other		(3	)		24			NM
Total operating earnings before income taxes	$	305		$	209			46	%
Total operating earnings, after-tax*	$	198		$	136			46	%
Closed Block Variable Annuity, after-tax*		(147	)		(109	)		NM
Net investment gains (losses), after-tax*		69			36			92
Other, after-tax**		325			(162	)		NM
Difference between actual tax (expense) benefit and assumed 35% tax rate		209			(8	)		NM
Net income (loss)	$	654		$	(107	)		NM
Less: net income (loss) attributable to noncontrolling interest		106			(84	)		NM
Net income (loss) available to common shareholders	$	548		$	(23	)		NM
Operating earnings per diluted share	$	0.75		$	0.59			29	%
Net income (loss) per diluted share	$	2.08		$	(0.10	)		NM
Fully diluted weighted average shares outstanding (in millions)		263			230

* Assumes 35% tax rate. The 35% tax rate does not reflect the benefit from recognizing certain deferred tax assets.

** Other, after-tax consists of immediate recognition of net actuarial gains (losses) related to pension and other postretirement benefit obligations and gains (losses) from plan amendments and curtailments; net guaranteed benefit hedging gains (losses) and related charges and adjustments; income (loss) from business exited; certain expenses and deal incentives related to the divestment of ING U.S. by ING Group; restructuring expenses (severance, lease write-offs, etc.); and net income (loss) attributable to noncontrolling interest.

NM = Not Meaningful

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BUSINESS SEGMENT DISCUSSIONS

The following discussions compare the fourth quarters of 2013 and 2012 unless otherwise noted. All figures are presented before income taxes.

RETIREMENT – HIGHER FEE BASED MARGIN DUE TO GROWTH IN AUM AND POSITIVE NET FLOWS

	Three months ended December 31,
($ in millions, before income taxes)	2013		2012
Operating earnings	$	139	$	108
DAC/VOBA and other intangibles unlocking		4		(9	)
Adjusted operating earnings	$	134	$	117

Retirement adjusted operating earnings were $134 million, compared with $117 million. The following items primarily accounted for this increase:

• Higher fee based margin ($17 million positive variance) on higher variable assets partially offset by reduced recordkeeping revenue;

• Higher investment spread and other investment income ($12 million positive variance) stemming largely from higher limited partnership income and prepayment fee income, as well as reduced crediting rates;

• Higher administrative expenses ($11 million negative variance) partially due to volume-related expenses and ongoing investment in systems infrastructure;

• An increase in other revenue ($8 million positive variance) related to changes in market value adjustments related to surrendered retirement plans;

• Higher DAC/VOBA and other intangibles amortization ($5 million negative variance) as a result of higher gross profits, partially offset by a reduced amortization rate; and

• Higher trail commissions ($4 million negative variance) due to higher AUM.

Retirement net flows were $363 million, compared with $1.8 billion in the fourth quarter of 2012 and $234 million in the third quarter of 2013. Net flows vary in size and timing, sometimes substantially, from one quarter to the next. Retirement AUM totaled $105 billion as of December 31, 2013, up from $90 billion as of December 31, 2012 and up from $100 billion as of September 30, 2013.

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ANNUITIES – CONTINUED GROWTH IN MUTUAL FUND CUSTODIAL ASSETS DROVE HIGHER FEE BASED MARGIN

	Three months ended December 31,
($ in millions, before income taxes)	2013		2012
Operating earnings	$	83	$	6
Net gain from Lehman Recovery (net of DAC/VOBA and other intangibles)		1		—
DAC/VOBA and other intangibles unlocking		27		(44	)
Adjusted operating earnings	$	56	$	51

Annuities adjusted operating earnings were $56 million, compared with $51 million. The following items primarily accounted for this increase:

• Lower DAC/VOBA and other intangibles amortization ($5 million positive variance) due to a decrease in the amortization rate;

• Higher fee based margin ($3 million positive variance) on increased levels of mutual fund custodial assets; and

• Higher trail commissions ($2 million negative variance) due to increased mutual fund sales and AUM.

Net outflows were $172 million, as lapses on fixed rate annuity policies, especially older products with higher fixed rate crediting levels such as Multi-Year Guarantee Annuities, exceeded new sales.

AUM for the Annuities segment totaled $27 billion as of December 31, 2013, up slightly from $26 billion as of September 30, 2013 and $26 billion as of December 31, 2012. Included in AUM is the company’s mutual fund custodial product (Select Advantage), which increased to $3.4 billion as of December 31, 2013, up from $3.1 billion as of September 30, 2013 and $2.4 billion as of December 31, 2012.

INVESTMENT MANAGEMENT – HIGHER FEE BASED MARGIN ON HIGHER AUM

	Three months ended December 31,
($ in millions, before income taxes)	2013		2012
Operating earnings	$	53	$	31
Gain from Lehman Recovery		2		—
Adjusted operating earnings	$	51	$	31

Investment Management adjusted operating earnings were $51 million, compared with $31 million. The following items primarily accounted for the increase:

• Higher fee based margin ($18 million positive variance) driven primarily by growth in AUM from strong net flows and equity market appreciation;

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• Higher investment capital and other investment income ($5 million positive variance) due to favorable results from investment capital; and

• Higher operating expenses ($3 million negative variance) resulting from higher compensation expenses due to growth in the business.

The operating margin was 31.7%, compared with 21.9% in the fourth quarter of 2012 and 33.7% in the third quarter of 2013. The increase in operating margin compared with the fourth quarter of 2012 reflects the benefit of higher fees and higher investment capital revenues. The operating margin excluding investment capital revenues was 26.5%, compared with 18.7% in the fourth quarter of 2012 and 26.2% in the third quarter of 2013.

Net flows excluding sub-advisor replacement net flows (performance-driven replacement of non-ING U.S. mutual fund sub-advisors) and excluding CBVA outflows were $1.3 billion, compared with $4.5 billion in the fourth quarter of 2012 and $1.6 billion in the third quarter of 2013. There were no sub-advisor replacement net flows in the fourth quarter of 2013, compared with $607 million of such flows in the fourth quarter of 2012 and $870 million in the third quarter of 2013.

Third-party⁷ inflows were $5.7 billion, compared with $8.5 billion in the fourth quarter of 2012 and $6.6 billion in the third quarter of 2013. Third-party net flows were $646 million, compared with $4.5 billion in the fourth quarter of 2012 and $1.8 billion in the third quarter of 2013. Third-party AUM totaled $120 billion as of December 31, 2013, up from $101 billion as of December 31, 2012 and $115 billion as of September 30, 2013. Positive net flows and equity market appreciation drove the increase in AUM from September 30, 2013.

INDIVIDUAL LIFE – CONTINUED RIGHT-SIZING OF EXPENSE BASE, LOWER AMORTIZATION AND HIGHER INVESTMENT INCOME

	Three months ended December 31,
($ in millions, before income taxes)	2013			2012
Operating earnings	$	47		$	55
Net gain from Lehman Recovery (net of DAC/VOBA and other intangibles)		3			—
DAC/VOBA and other intangibles unlocking		(8	)		5
Adjusted operating earnings	$	52		$	50

Individual Life adjusted operating earnings were $52 million, compared with $50 million. The following items primarily accounted for the increase:

• Lower net underwriting gain and other revenue ($46 million negative variance) reflecting favorable mortality in the prior year period along with lower premiums and contractual charges in the fourth quarter of 2013 as a result of lower sales, as expected;

⁷  Excludes general account assets of ING U.S.’s insurance company subsidiaries.

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• Lower DAC/VOBA and other intangibles amortization ($20 million positive variance) due to lower gross profits;

• Higher investment spread and other investment income ($15 million positive variance) as a result of higher investment income and lower credited interest driven by rate actions; and

• Lower administrative expenses ($11 million positive variance) as expected expense reductions aligned with lower sales volumes.

Sales decreased to $21 million from $46 million in the fourth quarter of 2012 as a result of deliberate pricing actions and the suspension of sales of certain capital intensive products.

EMPLOYEE BENEFITS – LOSS RATIOS WITHIN OR BETTER THAN EXPECTED RANGES

	Three months ended December 31,
($ in millions, before income taxes)	2013			2012
Operating earnings	$	30		$	29
DAC/VOBA and other intangibles unlocking		(1	)		—
Adjusted operating earnings	$	31		$	29

Employee Benefits adjusted operating earnings were $31 million, compared with $29 million. The following items primarily accounted for this increase:

• Lower administrative expenses ($3 million positive variance) reflecting lower state assessments;

• Higher investment spreads ($3 million positive variance) due to higher investment income; and

• Lower net underwriting gain ($2 million negative variance). The loss ratio for Group Life was 72.0% compared with 78.4%; the loss ratio for Stop Loss was 78.4% compared with 69.5%. Loss ratios for both Group Life and Stop Loss were within or better than the expected range of 77-80%.

Employee Benefits sales were $36 million compared with $33 million due to higher sales for Stop Loss, Group Life, and Voluntary Products. Stop Loss sales of $14 million in the fourth quarter of 2013 are consistent with expectations, but show a sizable increase of $6 million due to the fourth quarter of 2012 having been below historical sales trends. ING U.S. has implemented improvements in sales force training related to prospect identification and information collection to foster sales growth, while continuing to focus on underwriting discipline to maintain loss ratios in the company’s expected range of 77-80%.

CORPORATE

Corporate operating losses before income taxes were $44 million compared with losses of $44 million. Fourth quarter 2013 results reflect increased interest expense due to the replacement of short-term debt with long-term debt, offset by the elimination of letter of credit expenses as a result of the termination in May 2013 of the contingent capital letter of credit facility supporting the CBVA segment.

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CLOSED BLOCK INSTITUTIONAL SPREAD PRODUCTS AND CLOSED BLOCK OTHER

	Three months ended December 31,
($ in millions, before income taxes)	2013			2012
Closed Block Institutional Spread Products	$	(6	)	$	5
Closed Block Other		3			19
Operating earnings	$	(3	)	$	24

Closed Block Institutional Spread Products and Closed Block Other operating losses were $3 million compared with operating earnings of $24 million. The losses were primarily a result of lower earnings resulting from the continued run-off of the Closed Block Institutional Spread Products block as well as the recognition of prepayment fees on the early termination of certain Federal Home Loan Bank funding agreements.

The average AUM for Closed Block Institutional Spread Products decreased to $3.0 billion for the quarter ended December 31, 2013 from $3.5 billion for the quarter ended September 30, 2013 and from $4.1 billion for the quarter ended December 31, 2012, reflecting the continued run-off of the block. As a result, both net investment income and interest credited to contract owners/policyholders, exclusive of the prepayment fees, were lower in the fourth quarter of 2013.

CLOSED BLOCK VARIABLE ANNUITY

Closed Block Variable Annuity had a net loss before income taxes of $226 million, including a loss before income taxes of $272 million due to changes in the fair value of guaranteed benefit derivatives related to nonperformance risk, which the company considers a non-economic factor. This compares with a fourth quarter 2012 net loss before income taxes of $167 million, which included a loss before income taxes of $401 million related to nonperformance risk.

ING U.S.’s CBVA hedge program is designed primarily to protect regulatory and rating agency capital from equity market movements, rather than minimize GAAP earnings volatility. During the quarter, the hedge program resulted in a net gain to regulatory surplus as a result of the difference between the decline in reserves and the decline in hedge assets related to equity market movements. GAAP earnings were favorably impacted by lower volatility, which offset market appreciation related net hedge program losses.

The retained net amount at risk for CBVA living benefit guarantees improved to $2.2 billion as of December 31, 2013 from $3.0 billion as of September 30, 2013, primarily due to favorable equity and interest market movements.

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.

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Earnings Conference Call and Slide Presentation

ING U.S. will host a conference call on Wednesday, February 12, 2014 at 10:00 a.m. ET to discuss the company’s fourth 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 p.m. ET on February 12th.

About ING U.S.

ING U.S. (NYSE: VOYA), which will rebrand as Voya Financial in 2014, 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, one institution at a time. For more information, visit http://ing.us. Follow ING U.S. on Twitter @ING_USA and Facebook.

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

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. We also report operating earnings on an aggregate basis for both our Ongoing Business and for our Company as a whole. Operating earnings does not replace net income (loss) as the measure of our results of operations. Each segment’s operating earnings before income taxes is calculated by adjusting income (loss) before income taxes for the following items:

• Net investment gains (losses), net of related amortization of 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 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

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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 postretirement 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 divestment of ING U.S. by ING Group.

We also use adjusted operating earnings before income taxes as a measure of our financial performance. This measure excludes from operating earnings the following items: (1) DAC/VOBA and other intangibles unlocking, (2) investment portfolio restructurings implemented in 2012, (3) a gain, in conjunction with a Lehman Brothers bankruptcy settlement for assets held in a partnership owned by the Company, and (4) losses recognized as a result of the disposal of low income housing tax credit partnerships. Because DAC/VOBA and other intangibles unlocking can be volatile, excluding the effect of this item 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 our ongoing performance. Similarly, the gain from the Lehman Brothers bankruptcy settlement and loss from the disposition of low-income housing tax credit partnerships affected the run-rate level of investment income and we believe that this effect is not reflective of our ongoing performance.

We report Ongoing Business operating earnings before income taxes (both adjusted and unadjusted as described above) because we believe this measure is a useful indicator of the business performance for our Ongoing Business segments, excluding the effect of our Closed Block segments.

In addition to book value per share including AOCI, we report 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, and book value per share excluding AOCI provides a measure consistent with that view.

Our CBVA segment is managed to focus on protecting regulatory and rating agency capital rather than GAAP earnings and, therefore, we do not include its results of operations 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 portions attributable to our CBVA segment.

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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 in each case income (loss) before income taxes. For a reconciliation of each of these non-GAAP measures to income (loss) before income taxes, see the tables that accompany this release, as well as our Quarterly Investor Supplement.

We report Ongoing Business adjusted operating ROE and adjusted operating ROC because we believe these measures are useful indicators of how effectively we use capital resources allocated to our Ongoing Business. The most directly comparable GAAP measure to adjusted operating ROE and adjusted operating ROC is return on equity. For a reconciliation of these non-GAAP measures to return on equity, see the tables that accompany this release.

In our Investment Management business we report the operating margin excluding Investment Capital results. Because results from Investment Capital can be volatile, excluding the effect of this item can improve period to period comparability.

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.

• 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 detailed explanation of DAC/VOBA and other intangibles amortization/unlocking see “Management’s Discussion and Analysis of Financial Condition and Results of Operations – Unlocking of DAC/VOBA and other Contract Owner/Policyholder Intangibles” in our Registration Statement on Form S-4/A, filed with the SEC on November 15, 2013.

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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.

ING U.S.

Calculation and Reconciliation of Return on Equity and Return on Capital

($ in millions, unless otherwise indicated)	Year ended December 31, 2013			Year ended December 31, 2012
GAAP Return on Equity
Net income (loss) available to ING U.S., Inc.’s common shareholders	$	600.5		$	473.0
ING U.S., Inc. shareholders’ equity: beginning of period	$	13,874.9		$	12,353.9
ING U.S., Inc. shareholders’ equity: end of period	$	13,272.2		$	13,874.9
ING U.S., Inc. shareholders’ equity: average for period	$	13,573.6		$	13,114.4
GAAP Return on Equity		4.4	%		3.6	%
Ongoing Business Adjusted Operating Return on Capital and Adjusted Operating Return on Equity
Ongoing Business adjusted operating earnings before income taxes	$	1,211.8		$	1,093.2
Income taxes on adjusted operating earnings (based on an assumed tax rate of 35%)		(424.2	)		(382.7	)
Ongoing Business adjusted operating earnings after income taxes		787.6			710.5
Interest expense after-tax1		(79.9	)		(88.7	)
Ongoing Business adjusted operating earnings after income taxes and interest expense	$	707.7		$	621.7
Beginning of period capital for Ongoing Business2	$	9,057.0		$	10,037.0
End of period capital for Ongoing Business		9,216.0			9,823.0
Average capital for Ongoing Business		9,137.0			9,930.0
Average debt (based on 25% debt-to-capital ratio)		(2,284.3	)		(2,482.5	)
Average equity for Ongoing Business	$	6,852.7		$	7,447.5
Adjusted Operating Return on Capital for Ongoing Business		8.6	%		7.2	%
Adjusted Operating Return on Equity for Ongoing Business1		10.3	%		8.3	%

ING U.S.

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

($ in millions)	Year ended December 31, 2013			Year ended December 31, 2012
Ongoing Business adjusted operating earnings before income taxes	$	1,211.8		$	1,093.2
DAC/VOBA and other intangibles unlocking		133.2			(77.0	)
Lehman bankruptcy/LIHTC loss, net of DAC		83.6			—
Impact of investment portfolio restructuring		—			(25.3	)
Operating earnings before income taxes for Ongoing Business		1,428.6			990.9
Corporate		(210.6	)		(182.3	)
Closed Blocks Institutional Spread Products and Other		50.6			109.7
Total operating earnings before income taxes		1,268.6			918.3
Income taxes (based on an assumed tax rate of 35%)		(444.0	)		(321.4	)
Operating earnings, after-tax		824.6			596.9
Closed Block Variable Annuity, after-tax		(786.0	)		(450.0	)
Net investment gains (losses) and related charges and adjustments, after-tax		137.9			296.0
Other, after-tax		424.0			30.1
Net income (loss) available to ING U.S., Inc.’s common shareholders		600.5			473.0
Net income (loss) attributable to noncontrolling interest		190.1			138.2
Net income (loss)	$	790.6		$	611.2

13

ING U.S.

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

($ in millions)	As of December 31, 2013			As of December 31, 2012
End of Period Capital for Ongoing Business	$	9,216.0		$	9,823.0
Closed Block Variable Annuity, Corporate, and Other Closed Blocks		5,721.8			4,149.5
End of Period Capital		14,937.8			13,972.5
Financial Leverage 3		(3,514.7	)		(3,808.3	)
ING U.S., Inc. shareholders’ equity excluding AOCI end of period		11,423.1			10,164.2
AOCI		1,849.1			3,710.7
ING U.S., Inc. shareholders’ equity: end of period	$	13,272.2		$	13,874.9

¹ Assumes debt-to-capital ratio of approximately 25% for all time periods presented, a weighted average pre-tax interest rate of 5.5% for all time periods prior to the completion of the company’s recapitalization initiatives, and the actual weighted average pre-tax interest rate for all time periods subsequent to the completion of these recapitalization initiatives starting with the third quarter of 2013.

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 December 31, 2013		As of December 31, 2012
3             Reconciliation of Financial Leverage to Short-term and Long-term Debt
Short-term debt	$	—	$	1,064.6
Long-term debt		3,514.7		3,171.1
Total Debt		3,514.7		4,235.7
Less operating leverage		—		(688.5	)
Plus loans from subsidiaries		—		261.1
Financial Leverage	$	3,514.7	$	3,808.3

ING U.S.

Reconciliation of Book Value Per Share

	As of December 31, 2013
Book value per share, including AOCI	$	50.72
Per share impact of AOCI	$	(7.07	)
Book value per share, excluding AOCI	$	43.65

ING U.S.

Reconciliation of Investment Management Operating Margin

($ in millions, unless otherwise indicated)	Three Months Ended December 31, 2013			Three Months Ended December 31, 2012
Operating revenues	$	167.1		$	142.5
Operating expenses		114.2			111.3
Operating earnings before income taxes	$	52.9		$	31.2
Operating margin		31.7	%		21.9	%
Operating revenues	$	167.1		$	142.5
Less:
Investment Capital Results		11.7			5.6
Revenues excluding Investment Capital		155.4			136.9
Operating expenses		114.2			111.3
Operating earnings excluding Investment Capital	$	41.2		$	25.6
Operating margin excluding Investment Capital		26.5	%		18.7	%

14

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 and “Management’s Discussion and Analysis of Results of Operations and Financial Condition—Trends and Uncertainties” in our Form 10-Q for the three months ended September 30, 2013, 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 Registration Statement on Form S-1 (file no. 191163), both filed with the Securities and Exchange Commission.

15

EX-99.2

Exhibit 99.2

ING U.S. Quarterly Investor Supplement

December 31, 2013

This report should be read in conjunction with ING U.S Inc’s Annual Report on Form 10-K for the year ended December 31, 2013. ING U.S.’s Annual Reports on Form 10-K, and Quarterly Reports on Form 10-Q, can be accessed upon filing at the Securities and Exchange Commission’s website at www.sec.gov, and at ING U.S.’s website at investors.ing.us. All 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

Adjusted Operating Return on Capital and Return on Equity 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

Investment Information

Portfolio Composition 52

Portfolio Results 53

Alternative Investment Income 54

Unrealized Gains (Losses) 55

Asset Backed Securities 56

RMBS Securities Summary 57

CMBS and Other Asset-Backed Securities Summary 58

Mortgage Loans on Real Estate 59

US and Foreign Corporate Securities 60

Exposure to European Debt- Fixed Maturities and Equity Securities 61

Additional Information

Adjustments to Operating Earnings by Segment 63

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

ING U.S

Explanatory Note on Non-GAAP Financial Information

Operating earnings before income taxes is a financial measure we use to evaluate segment performance. Operating earnings before income taxes is a non-

GAAP financial measure and does not replace net income (loss) as the GAAP measure of our results of operations. Each segment’s operating earnings before income taxes is calculated by adjusting income (loss) before income taxes for the following items:

Net investment gains (losses), net of related amortization of 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 postretirement 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 divestment of ING U.S. by ING Group.

Page 3 of 70

ING U.S

Explanatory Note on Non-GAAP Financial Information

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

DAC/VOBA and other intangibles unlocking

DAC/VOBA and other intangibles unlocking can be volatile, so excluding the effect of this can improve period to period comparability

Investment portfolio restructurings implemented in 2012

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

The net gain included in operating earnings in the third and fourth quarters of 2013 from a distribution of cash and securities in conjunction with a Lehman Brothers bankruptcy settlement and the losses as a result of the decision to dispose of certain Low Income Housing Tax Credit partnerships (“LIHTC”) as a means of exiting this asset class

Interest expense related to debt in our Corporate segment

We report Ongoing Business adjusted operating ROE and adjusted operating ROC because we believe these measures are useful indicators of how effectively we use capital resources allocated to our Ongoing Business. The most directly comparable GAAP measure to adjusted operating ROE and adjusted operating ROC is return on equity. For a reconciliation of these non-GAAP measures to return on equity, see the tables that accompany the VOYA Press Release.

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

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

Operating revenues is a measure of our segment revenues and a non-GAAP financial measure. We calculate operating revenues by adjusting each segment’s total 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 generating operating earnings. 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.

For a reconciliation of the sources of earnings presentation to the line items within operating revenues and operating benefits and expenses, please refer to the “Ongoing Business Sources of Earnings

Reconciliation” pages in this document.

Page 4 of 70

ING U.S.

Organizational Chart

Page 5 of 70

ING U.S. Key Metrics

Three Months Ended Year-to-Date

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

(in millions USD, except for per share data)

Operating earnings before income taxes - Ongoing Business 352.2 484.2 306.8 285.4 228.9 1,428.6 990.9

Operating earnings before income taxes - ING U.S. 304.9 435.0 272.0 256.7 209.1 1,268.6 918.3

Net income (loss) 653.7 447.7 (85.3) (225.5) (106.9) 790.6 611.2

Net income (loss) attributable to noncontrolling interest 105.6 101.1 (3.1) (13.5) (84.2) 190.1 138.2

Net income (loss) available to ING U.S. Inc.’s common shareholders 548.1 346.6 (82.2) (212.0) (22.7) 600.5 473.0

Ongoing Business adjusted operating return on equity (1) 10.9% 10.3% 10.4% 9.5% N/A 10.3% 8.3%

Debt to Capital (Excluding AOCI) 23.5% 24.5% 26.2% 27.2% 27.3% 23.5% 27.3%

Per Share Data:

Operating earnings per share (Diluted) 0.75 1.08 0.71 0.73 0.59 3.27 2.60

Net income (loss) available to ING U.S., Inc.’s common shareholders per common

share:

Basic 2.10 1.33 (0.33) (0.92) (0.10) 2.40 2.06

Diluted 2.08 1.32 (0.33) (0.92) (0.10) 2.38 2.06

Total ING U.S. Inc. Shareholders’ Equity - Excluding AOCI 11,423.1 10,820.0 10,383.8 9,938.3 10,164.2 11,423.1 10,164.2

Book value per share (Excluding AOCI) 43.65 41.49 39.82 43.21 44.19 43.65 44.19

Weighted-average common shares outstanding (in millions)

Basic 261.1 260.8 250.3 230.0 230.0 250.6 230.0

Diluted 263.3 262.3 250.3 230.0 230.0 251.8 230.0

Ending shares outstanding (in millions) 261.7 260.8 260.8 230.0 230.0 261.7 230.0

(1) Assumes debt-to-capital ratio of 25% for all time periods presented, a weighted average pre-tax interest rate of 5.5% for all periods prior to the third quarter of 2013, when the company completed recapitalization, and the actual weighted average pre-tax interest rate for all periods starting with the third quarter of 2013.

Page 6 of 70

ING U.S.

Adjusted Operating Return on Capital and Return on Equity

Year Ended December 31, 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) (2) 3,822 1,810 303 2,760 362 9,057 5,066(150) 13,973

Ending Capital (2) 4,007 1,713 302 2,848 346 9,216 3,119 2,603 14,938

Average Capital (3) 3,915 1,762 303 2,804 354 9,137 4,092 1,226 14,455

Adjusted operating earnings before interest and after

income taxes 349.2 128.0 107.2 136.7 66.5 787.6—10.6 798.2

Adjusted Operating Return on Capital 8.9% 7.3% 35.4% 4.9% 18.8% 8.6%—N/M 5.5%

Adjusted Operating Return on Equity (4) 10.3%

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 (2) 4,333 2,471 275 2,545 413 10,037 3,452 311 13,800

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

Average Capital (3) 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

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

Adjusted Operating Return on Equity (4) 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.

(2) 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. Capital excludes “operating leverage”. See “Average Capital

and Financial Leverage”.

(3) Calculated as Beginning Capital plus Ending Capital, divided by 2.

(4) Assumes debt-to-capital ratio of 25% for all time periods presented, a weighted average pre-tax interest rate of

5.5% for all periods prior to the third quarter of 2013, when the company completed recapitalization, and the actual

weighted average pre-tax interest rate for all periods starting with the third quarter of 2013.

Page 7 of 70

ING U.S.

Adjusted Operating Earnings Before Interest, After Income Taxes

Year Ended December 31, 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 595.8 293.8 178.1 254.8 106.1 1,428.6 -(160.0) 1,268.6

Less:

Interest expense — — — -(179.7)(179.7)

DAC/VOBA and other intangibles unlocking (1) 45.6 83.3—4.8(0.5) 133.2 — 133.2

Net gain from Lehman Recovery/LIHTC (2) 12.9 13.5 13.2 39.7 4.3 83.6—3.4 87.0

Adjusted operating earnings before interest 537.3 197.0 164.9 210.3 102.3 1,211.8—16.3 1,228.1

Income tax expense (4) 188.1 69.0 57.7 73.6 35.8 424.2—5.7 429.9

Adjusted operating earnings before interest and

after income taxes 349.2 128.0 107.2 136.7 66.5 787.6—10.6 798.2

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 (3)(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 (4) 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) DAC/VOBA and other intangibles unlocking excludes unlocking on net investment income from

Lehman Recovery/LIHTC, as described below

(2) Includes the net gain included in operating earnings from a distribution of cash and securities in

conjunction with a Lehman Brothers bankruptcy settlement and the losses as a result of the decision to

dispose of certain Low Income Housing Tax Credit partnerships (“LIHTC”) as a means of exiting this

asset class. Collectively these items, net of DAC/VOBA and other intangibles impacts, are referred to

as “Net gain from Lehman Recovery/LIHTC”.

(3) 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.

(4) 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) 12/31/13 9/30/13 6/30/13 3/31/13 12/31/12

Assets

Total investments 87,050.8 89,007.3 89,504.8 92,213.8 95,487.6

Cash and cash equivalents 2,840.8 1,716.6 1,549.8 2,787.7 1,786.8

Assets held in separate accounts 106,827.1 103,853.6 102,228.9 103,098.3 97,667.4

Reinsurance recoverable 6,702.2 6,755.6 7,053.0 7,151.0 7,379.3

Short term investments under securities loan agreement and

accrued investment income 1,450.0 1,395.6 1,322.2 1,764.3 1,527.5

Deferred policy acquisition costs, Value of business acquired 5,351.6 5,265.0 5,060.5 4,019.6 3,656.3

Goodwill and other intangible assets 323.7 323.4 333.0 341.8 348.5

Other assets (1) 1,477.6 1,416.6 1,548.3 1,363.7 1,575.2

Assets related to consolidated investment entities 8,999.4 7,924.5 8,523.0 8,109.8 6,965.6

Total Assets 221,023.2 217,658.2 217,123.5 220,850.0 216,394.2

Liabilities

Future policy benefits and contract owner account balances 84,006.7 84,887.9 85,561.9 85,875.1 86,055.7

Liabilities related to separate accounts 106,827.1 103,853.6 102,228.9 103,098.3 97,667.4

Funds held under reinsurance agreements 1,181.5 1,212.1 1,281.6 1,170.8 1,236.6

Payables under securities loan agreements, including collateral held 769.4 576.7 470.6 1,348.8 1,509.8

Short-term debt - - 138.6 321.2 1,064.6

Long-term debt 3,514.7 3,514.5 3,265.7 3,440.8 3,171.1

Other liabilities (2) 3,144.9 3,598.9 3,796.5 4,743.3 5,506.0

Liabilities related to consolidated investment entities 6,064.9 5,150.0 5,732.6 5,252.8 4,121.8

Total Liabilities 205,509.2 202,793.7 202,476.4 205,251.1 200,333.0

Shareholders’ Equity

Common stock 2.6 2.6 2.6 2.3 2.3

Additional paid-in capital 23,563.7 23,524.7 23,498.7 22,909.9 22,917.6

Retained earnings (deficit) (12,143.2) (12,707.3) (13,117.5) (12,973.9) (12,755.7)

Total ING U.S. Inc. Shareholders’ Equity - Excluding AOCI 11,423.1 10,820.0 10,383.8 9,938.3 10,164.2

Accumulated other comprehensive income 1,849.1 1,950.0 2,087.8 3,452.8 3,710.7

Total ING U.S. Inc. Shareholders’ Equity 13,272.2 12,770.0 12,471.6 13,391.1 13,874.9

Noncontrolling interest 2,241.8 2,094.5 2,175.5 2,207.8 2,186.3

Total Shareholders’ Equity 15,514.0 14,864.5 14,647.1 15,598.9 16,061.2

Total Liabilities and Shareholders’ Equity 221,023.2 217,658.2 217,123.5 220,850.0 216,394.2

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

Deferred income taxes

(2) Includes Other liabilities, Derivatives, Pension and other postretirement

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

Revenues

Net investment income 1,156.5 1,221.6 1,112.2 1,198.7 1,055.4 4,689.0 4,697.9

Fee income 943.9 920.8 909.7 891.9 890.6 3,666.3 3,515.4

Premiums 515.4 494.2 474.8 471.9 471.2 1,956.3 1,861.1

Net realized capital gains (losses)(577.0)(517.1)(565.9)(874.8)(384.2)(2,534.8)(1,280.8)

Income (loss) related to consolidated investment entities 213.5 196.2 103.7 35.3 79.0 548.7 443.2

Other revenues 111.7 119.6 106.1 95.6 91.8 433.0 378.5

Total revenues 2,364.0 2,435.3 2,140.6 1,818.6 2,203.8 8,758.5 9,615.3

Benefits and expenses

Interest credited and other benefits to contract owners/policyholders(1,118.8)(1,087.7)(1,229.9)(1,061.4)(1,225.3)(4,497.8)(4,861.6)

Operating expenses(394.6)(762.8)(770.2)(759.1)(824.1)(2,686.7)(3,155.0)

Net amortization of DAC/VOBA(123.2)(64.6)(124.5)(130.5)(182.4)(442.8)(722.3)

Interest expense(48.2)(48.4)(43.8)(44.4)(44.7)(184.8)(153.7)

Operating expenses related to consolidated investment entities(51.6)(51.8)(47.4)(37.5)(35.4)(188.3)(116.7)

Total benefits and expenses(1,736.4)(2,015.3)(2,215.8)(2,032.9)(2,311.9)(8,000.4)(9,009.3)

Income (loss) before income taxes 627.6 420.0(75.2)(214.3)(108.1) 758.1 606.0

Page 10 of 70

ING U.S.

Ongoing Business Sources of Operating Earnings

Three Months Ended Year-to-Date

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

Sources of operating earnings before income

taxes:

Investment spread and other investment income 384.7 437.4 361.0 363.7 342.4 1,546.8 1,429.0

Fee based margin 388.7 369.7 364.2 343.6 350.0 1,466.2 1,337.5

Net underwriting gain (loss) and other revenue 180.7 198.9 204.1 179.9 222.1 763.6 794.8

Administrative expenses(422.4)(404.3)(416.1)(400.3)(422.0)(1,643.1)(1,669.2)

Trail commissions(68.1)(63.8)(66.0)(66.1)(63.3)(264.0)(249.0)

DAC/VOBA and other intangibles amortization,

excluding unlocking(136.1)(178.2)(144.0)(142.7)(151.6)(601.0)(575.2)

DAC/VOBA and other intangibles unlocking 24.7 124.5 3.6 7.3(48.7) 160.1(77.0)

Operating earnings before income taxes 352.2 484.2 306.8 285.4 228.9 1,428.6 990.9

Page 11 of 70

ING U.S.

Consolidated Earnings Before Income Taxes

Three Months Ended Year-to-Date

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

Operating revenues

Net investment income and net realized gains (losses) 1,005.8 1,054.4 962.0 985.6 978.6 4,007.8 4,020.9

Fee income 644.1 632.1 628.3 608.0 613.7 2,512.5 2,403.6

Premiums 473.3 453.5 473.3 470.5 472.0 1,870.6 1,864.1

Other revenue 40.2 38.9 33.9 26.4 31.3 139.4 117.8

Total operating revenues 2,163.4 2,178.9 2,097.5 2,090.5 2,095.6 8,530.3 8,406.4

Operating benefits and expenses

Interest credited and other benefits to contract owners/policyholders(1,166.3)(1,111.9)(1,126.8)(1,151.8)(1,126.3)(4,556.8)(4,680.0)

Operating expenses(547.6)(523.8)(532.5)(517.4)(533.0)(2,121.3)(2,095.0)

Net amortization of DAC/VOBA(96.8)(60.0)(122.7)(120.9)(184.2)(400.4)(563.4)

Interest expense(47.8)(48.2)(43.5)(43.7)(43.0)(183.2)(149.7)

Total operating benefits and expenses(1,858.5)(1,743.9)(1,825.5)(1,833.8)(1,886.5)(7,261.7)(7,488.1)

Operating earnings before income taxes 304.9 435.0 272.0 256.7 209.1 1,268.6 918.3

Adjustments:

Closed Block Variable Annuity(226.4)(167.4)(338.4)(477.1)(167.3)(1,209.3)(692.3)

Net investment gains (losses) and related charges and adjustments 105.4 64.1 0.8 41.8 54.7 212.1 455.5

Net guaranteed benefit hedging gains (losses) and related charges and adjustments(26.6) 10.5 32.4 3.1(16.7) 19.4 97.2

Income (loss) related to businesses exited through reinsurance or divestment(12.8)(13.1)(17.0)(16.9)(11.7)(59.8)(45.8)

Income (loss) attributable to noncontrolling interests 105.6 101.1(3.1)(13.5)(84.2) 190.1 138.2

Immediate recognition of net actuarial gains (losses) related to pension and other

postretirement benefit obligations and gains (losses) from plan amendments and

curtailments 405.2 — -(56.6) 405.2(165.0)

Other adjustments to operating earnings*(27.7)(10.2)(21.9)(8.4)(35.4)(68.2)(100.1)

Total non-operating 322.7(15.0)(347.2)(471.0)(317.2)(510.5)(312.3)

Income (loss) before income taxes 627.6 420.0(75.2)(214.3)(108.1) 758.1 606.0

* Other adjustments to operating earnings above includes:

Restructuring expenses (severance, lease write-offs, etc.), integration expenses related to the

Company’s acquisition of CitiStreet and certain third-party expenses and deal incentives related to the

divestment of ING U.S. by ING Group

Page 12 of 70

ING U.S.

Operating Earnings by Segment

(in millions USD) Three Months Ended December 31, 2013

Retirement Solutions Investment Insurance Solutions

Operating revenues Retirement Annuities Management Individual Life Employee Benefits Ongoing Business Corporate Closed Blocks Consolidated

Net investment income and net realized gains (losses) 397.4 283.4 11.7 224.5 29.2 946.2 33.0 26.6 1,005.8

Fee income 196.1 12.2 141.4 278.5 15.9 644.1 — 644.1

Premiums 0.7 14.4—185.3 272.4 472.8—0.5 473.3

Other revenue 18.2 3.9 14.0 4.6(1.0) 39.7 0.6(0.1) 40.2

Total operating revenues 612.4 313.9 167.1 692.9 316.5 2,102.8 33.6 27.0 2,163.4

Operating benefits and expenses

Interest credited and other benefits to contract owners/policyholders(218.2)(180.4) -(518.8)(223.9)(1,141.3) 0.2(25.2)(1,166.3)

Operating expenses(220.1)(32.1)(114.2)(88.9)(57.1)(512.4)(30.2)(5.0)(547.6)

Net amortization of DAC/VOBA(35.5)(18.2) -(38.2)(5.0)(96.9) 0.2(0.1)(96.8)

Interest expense — — —(47.8) -(47.8)

Total operating benefits and expenses(473.8)(230.7)(114.2)(645.9)(286.0)(1,750.6)(77.6)(30.3)(1,858.5)

Operating earnings before income taxes 138.6 83.2 52.9 47.0 30.5 352.2(44.0)(3.3) 304.9

Three Months Ended December 31, 2012

Retirement Solutions Investment Insurance Solutions

Operating revenues Retirement Annuities Management Individual Life Employee Benefits Ongoing Business Corporate Closed Blocks Consolidated

Net investment income and net realized gains (losses) 380.1 298.4 5.6 213.1 27.0 924.2 19.8 34.6 978.6

Fee income 182.7 10.4 122.6 282.0 15.9 613.6—0.1 613.7

Premiums 0.9 6.3—191.7 271.6 470.5—1.5 472.0

Other revenue 6.8 2.3 14.3 7.4(0.9) 29.9(0.6) 2.0 31.3

Total operating revenues 570.5 317.4 142.5 694.2 313.6 2,038.2 19.2 38.2 2,095.6

Operating benefits and expenses

Interest credited and other benefits to contract owners/policyholders(212.9)(192.3) -(489.1)(220.9)(1,115.2)(1.8)(9.3)(1,126.3)

Operating expenses(204.6)(30.3)(111.3)(101.0)(60.7)(507.9)(20.3)(4.8)(533.0)

Net amortization of DAC/VOBA(44.7)(88.4) -(47.7)(3.4)(184.2) 0.2(0.2)(184.2)

Interest expense(0.1)(0.1) -(1.8) -(2.0)(40.9)(0.1)(43.0)

Total operating benefits and expenses(462.3)(311.1)(111.3)(639.6)(285.0)(1,809.3)(62.8)(14.4)(1,886.5)

Operating earnings before income taxes 108.2 6.3 31.2 54.6 28.6 228.9(43.6) 23.8 209.1

Page 13 of 70

ING U.S.

Operating Earnings by Segment

(in millions USD) Year Ended December 31, 2013

Retirement Solutions Investment Insurance Solutions

Operating revenues Retirement Annuities Management Individual Life Employee Benefits Ongoing Business Corporate Closed Blocks Consolidated

Net investment income and net realized gains (losses) 1,569.6 1,149.9 37.0 915.5 117.6 3,789.6 85.7 132.5 4,007.8

Fee income 759.9 45.1 530.8 1,113.7 63.0 2,512.5 — 2,512.5

Premiums 5.7 36.4—737.9 1,085.9 1,865.9—4.7 1,870.6

Other revenue 64.2 13.2 39.9 24.8(4.0) 138.1 1.7(0.4) 139.4

Total operating revenues 2,399.4 1,244.6 607.7 2,791.9 1,262.5 8,306.1 87.4 136.8 8,530.3

Operating benefits and expenses

Interest credited and other benefits to contract owners/policyholders(848.4)(730.9) -(2,001.5)(903.4)(4,484.2)(10.6)(62.0)(4,556.8)

Operating expenses(839.9)(127.0)(429.6)(358.3)(236.1)(1,990.9)(106.6)(23.8)(2,121.3)

Net amortization of DAC/VOBA(115.3)(92.9) -(176.2)(16.9)(401.3) 1.3(0.4)(400.4)

Interest expense — -(1.1) -(1.1)(182.1) -(183.2)

Total operating benefits and expenses(1,803.6)(950.8)(429.6)(2,537.1)(1,156.4)(6,877.5)(298.0)(86.2)(7,261.7)

Operating earnings before income taxes 595.8 293.8 178.1 254.8 106.1 1,428.6(210.6) 50.6 1,268.6

Year Ended December 31, 2012

Retirement Solutions Investment Insurance Solutions

Operating revenues Retirement Annuities Management Individual Life Employee Benefits Ongoing Business Corporate Closed Blocks Consolidated

Net investment income and net realized gains (losses) 1,499.9 1,223.3 41.6 913.8 114.3 3,792.9 66.7 161.3 4,020.9

Fee income 715.0 35.5 474.7 1,115.7 62.5 2,403.4—0.2 2,403.6

Premiums 4.9 35.9—737.8 1,078.1 1,856.7—7.4 1,864.1

Other revenue 52.1 12.3 29.2 26.6(3.7) 116.5(0.8) 2.1 117.8

Total operating revenues 2,271.9 1,307.0 545.5 2,793.9 1,251.2 8,169.5 65.9 171.0 8,406.4

Operating benefits and expenses

Interest credited and other benefits to contract owners/policyholders(842.2)(854.1) -(2,034.4)(892.1)(4,622.8) 6.5(63.7)(4,680.0)

Operating expenses(824.9)(124.7)(411.0)(390.5)(236.2)(1,987.3)(112.6) 4.9(2,095.0)

Net amortization of DAC/VOBA(155.0)(225.5) -(162.3)(13.5)(556.3)(6.5)(0.6)(563.4)

Interest expense(1.2)(0.5) -(10.5) -(12.2)(135.6)(1.9)(149.7)

Total operating benefits and expenses(1,823.3)(1,204.8)(411.0)(2,597.7)(1,141.8)(7,178.6)(248.2)(61.3)(7,488.1)

Operating earnings before income taxes 448.6 102.2 134.5 196.2 109.4 990.9(182.3) 109.7 918.3

Page 14 of 70

ING U.S.

Operating Revenues and Operating Earnings by Segment

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

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

Operating Revenues

Retirement 612.4 606.9 596.9 583.2 570.5 2,399.4 2,271.9

Annuities 313.9 319.1 304.0 307.6 317.4 1,244.6 1,307.0

Total Retirement Solutions 926.3 926.0 900.9 890.8 887.9 3,644.0 3,578.9

Investment Management 167.1 160.1 148.6 131.9 142.5 607.7 545.5

Individual Life 692.9 717.1 694.8 687.1 694.2 2,791.9 2,793.9

Employee Benefits 316.5 316.2 311.7 318.1 313.6 1,262.5 1,251.2

Total Insurance Solutions 1,009.4 1,033.3 1,006.5 1,005.2 1,007.8 4,054.4 4,045.1

Ongoing Business 2,102.8 2,119.4 2,056.0 2,027.9 2,038.2 8,306.1 8,169.5

Corporate 33.6 28.8 7.9 17.1 19.2 87.4 65.9

Total Closed Blocks 27.0 30.7 33.6 45.5 38.2 136.8 171.0

Total operating revenues 2,163.4 2,178.9 2,097.5 2,090.5 2,095.6 8,530.3 8,406.4

Operating Earnings

Retirement 138.6 187.3 132.1 137.8 108.2 595.8 448.6

Annuities 83.2 96.8 59.5 54.3 6.3 293.8 102.2

Total Retirement Solutions 221.8 284.1 191.6 192.1 114.5 889.6 550.8

Investment Management 52.9 54.0 41.1 30.1 31.2 178.1 134.5

Individual Life 47.0 117.0 40.0 50.8 54.6 254.8 196.2

Employee Benefits 30.5 29.1 34.1 12.4 28.6 106.1 109.4

Total Insurance Solutions 77.5 146.1 74.1 63.2 83.2 360.9 305.6

Ongoing Business 352.2 484.2 306.8 285.4 228.9 1,428.6 990.9

Corporate(44.0)(63.7)(52.8)(50.1)(43.6)(210.6)(182.3)

Total Closed Blocks(3.3) 14.5 18.0 21.4 23.8 50.6 109.7

Total operating earnings before income taxes 304.9 435.0 272.0 256.7 209.1 1,268.6 918.3

Closed Block Variable Annuity(226.4)(167.4)(338.4)(477.1)(167.3)(1,209.3)(692.3)

Net investment gains (losses) and related charges and adjustments 105.4 64.1 0.8 41.8 54.7 212.1 455.5

Net guaranteed benefit hedging gains (losses) and related charges and adjustments(26.6) 10.5 32.4 3.1(16.7) 19.4 97.2

Immediate recognition of net actuarial gains (losses) related to pension and other

postretirement benefit obligations and gains (losses) from plan amendments and

curtailments 405.2 — -(56.6) 405.2(165.0)

Other non-operating* 65.1 77.8(42.0)(38.8)(131.3) 62.1(7.7)

Total adjustments 322.7(15.0)(347.2)(471.0)(317.2)(510.5)(312.3)

Income (loss) before income taxes 627.6 420.0(75.2)(214.3)(108.1) 758.1 606.0

Less: Income tax expense (benefit)(26.1)(27.7) 10.1 11.2(1.2)(32.5)(5.2)

Net income (loss) 653.7 447.7(85.3)(225.5)(106.9) 790.6 611.2

Net income (loss) attributable to noncontrolling interest 105.6 101.1(3.1)(13.5)(84.2) 190.1 138.2

Net income (loss) available to ING U.S. Inc.‘s common shareholders 548.1 346.6(82.2)(212.0)(22.7) 600.5 473.0

* Other non-operating above includes:

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

controlling interests; 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 and deal

incentives related to the divestment of ING U.S. by ING Group

Page 15 of 70

ING U.S.

Adjusted Operating Earnings by Segment

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

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

Operating Earnings

Retirement 138.6 187.3 132.1 137.8 108.2 595.8 448.6

Annuities 83.2 96.8 59.5 54.3 6.3 293.8 102.2

Total Retirement Solutions 221.8 284.1 191.6 192.1 114.5 889.6 550.8

Investment Management 52.9 54.0 41.1 30.1 31.2 178.1 134.5

Individual Life 47.0 117.0 40.0 50.8 54.6 254.8 196.2

Employee Benefits 30.5 29.1 34.1 12.4 28.6 106.1 109.4

Total Insurance Solutions 77.5 146.1 74.1 63.2 83.2 360.9 305.6

Ongoing Business 352.2 484.2 306.8 285.4 228.9 1,428.6 990.9

Corporate(44.0)(63.7)(52.8)(50.1)(43.6)(210.6)(182.3)

Total Closed Blocks(3.3) 14.5 18.0 21.4 23.8 50.6 109.7

Total operating earnings before income taxes 304.9 435.0 272.0 256.7 209.1 1,268.6 918.3

Adjustments to operating earnings

Retirement 4.2 52.7(1.4) 3.0(8.9) 58.5(25.5)

Annuities 27.6 52.3 9.9 7.0(44.4) 96.8(97.4)

Total Retirement Solutions 31.8 105.0 8.5 10.0(53.3) 155.3(122.9)

Investment Management 1.7 11.5 ——13.2 2.2

Individual Life(4.7) 56.8(4.9)(2.7) 4.6 44.5 18.2

Employee Benefits(0.2) 4.0 ——3.8 0.1

Total Insurance Solutions(4.9) 60.8(4.9)(2.7) 4.6 48.3 18.3

Ongoing Business 28.6 177.3 3.6 7.3(48.7) 216.8(102.4)

Corporate(43.8)(47.6)(43.2)(41.9)(39.2)(176.5)(127.8)

Total Closed Blocks(0.4) 0.6 ——0.2(5.8)

Total adjustments to operating earnings(15.6) 130.3(39.6)(34.6)(87.9) 40.5(236.0)

Adjusted Operating Earnings

Retirement 134.4 134.6 133.5 134.8 117.1 537.3 474.0

Annuities 55.6 44.5 49.6 47.3 50.7 197.0 199.6

Total Retirement Solutions 190.0 179.1 183.1 182.1 167.8 734.3 673.6

Investment Management 51.2 42.5 41.1 30.1 31.2 164.9 132.3

Individual Life 51.7 60.2 44.9 53.5 50.0 210.3 178.0

Employee Benefits 30.7 25.1 34.1 12.4 28.6 102.3 109.3

Total Insurance Solutions 82.4 85.3 79.0 65.9 78.6 312.6 287.3

Ongoing Business 323.6 306.9 303.2 278.1 277.6 1,211.8 1,093.2

Corporate(0.2)(16.1)(9.6)(8.2)(4.4)(34.1)(54.5)

Total Closed Blocks(2.9) 13.9 18.0 21.4 23.8 50.4 115.5

Total adjusted operating earnings before interest and income taxes 320.5 304.7 311.6 291.3 297.0 1,228.1 1,154.2

Page 16 of 70

ING U.S.

DAC/VOBA Segment Trends

Three Months Ended Year-to-Date

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

Retirement

Balance as of beginning-of-period 1,381.4 1,278.3 843.1 712.4 667.6 712.4 987.2

Deferrals of commissions and expenses 27.0 25.5 25.8 28.3 34.6 106.6 128.0

Amortization(53.6)(44.7)(23.5)(42.3)(43.3)(164.1)(245.8)

Unlocking 19.0 66.0 14.0 19.1 10.1 118.1 85.7

Change in unrealized capital gains/losses 41.5 56.3 418.9 125.6 43.4 642.3(242.7)

Balance as of End-of-Period 1,415.3 1,381.4 1,278.3 843.1 712.4 1,415.3 712.4

Annuities

Balance as of beginning-of-period 560.5 518.6 292.4 260.7 295.8 260.7 606.6

Deferrals of commissions and expenses 27.8 23.5 20.8 17.4 22.2 89.5 97.0

Amortization(38.3)(55.8)(60.3)(54.5)(39.4)(208.9)(194.2)

Unlocking 16.6 45.3 17.9 13.5(42.6) 93.3(74.8)

Change in unrealized capital gains/losses 25.0 28.9 247.8 55.3 24.7 357.0(173.9)

Balance as of End-of-Period 591.7 560.5 518.6 292.4 260.7 591.7 260.7

Individual Life

Balance as of beginning-of-period 2,717.4 2,638.2 2,247.2 2,127.6 2,067.4 2,127.6 2,067.8

Deferrals of commissions and expenses 36.8 39.8 50.1 52.8 69.6 179.5 345.0

Amortization(46.6)(71.8)(50.6)(48.4)(57.8)(217.4)(291.6)

Unlocking 0.5 22.4 0.1 2.4 9.5 25.4 80.3

Change in unrealized capital gains/losses 44.8 88.8 391.4 112.8 38.8 637.8(73.9)

Balance as of End-of-Period 2,752.9 2,717.4 2,638.2 2,247.2 2,127.6 2,752.9 2,127.6

Other (1)

Balance as of beginning-of-period 104.0 105.7 104.1 102.6 100.6 102.6 104.3

Deferrals of commissions and expenses 5.0 4.6 6.1 5.5 5.4 21.2 21.8

Amortization(3.0)(6.3)(6.8)(3.3)(4.3)(19.4)(23.5)

Unlocking(2.4) — —(2.4) -

Change in unrealized capital gains/losses(0.9)—2.3(0.7) 0.7 0.7(0.1)

Balance as of End-of-Period 102.7 104.0 105.7 104.1 102.6 102.7 102.6

Closed Block Variable Annuity

Balance as of beginning-of-period 501.7 519.7 532.8 453.0 492.3 453.0 586.4

Deferrals of commissions and expenses 2.7 1.8 4.3 3.9 4.0 12.7 15.8

Amortization(17.0)(15.4)(15.5)(14.8)(14.8)(62.7)(60.1)

Unlocking 1.6(4.3)(1.8)(0.2) 0.2(4.7) 1.7

Change in unrealized capital gains/losses -(0.1)(0.1) 90.9(28.7) 90.7(90.7)

Balance as of End-of-Period 489.0 501.7 519.7 532.8 453.0 489.0 453.0

Total US

Balance as of beginning-of-period 5,265.0 5,060.5 4,019.6 3,656.3 3,623.8 3,656.3 4,352.3

Deferrals of commissions and expenses 99.3 95.2 107.1 107.9 135.8 409.5 607.6

Amortization(158.5)(194.0)(156.7)(163.3)(159.6)(672.5)(815.2)

Unlocking 35.3 129.4 30.2 34.8(22.8) 229.7 92.9

Change in unrealized capital gains/losses 110.5 173.9 1,060.3 383.9 78.9 1,728.6(581.3)

Balance as of End-of-Period 5,351.6 5,265.0 5,060.5 4,019.6 3,656.3 5,351.6 3,656.3

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

Page 17 of 70

ING U.S.

Consolidated Capital Structure

Balances as of

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

Financial Debt

Commercial paper ——4.0 192.0

Senior bonds 2,746.0 2,745.8 2,485.5 2,485.1 1,486.4

Subordinated bonds 763.8 763.8 763.9 13.9 13.9

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

Loans from consolidated subs — 279.0 274.4 261.1

Bank term loan ——425.0 1,350.0

Other debt 4.9 4.9 4.9 4.9 4.9

Total Debt 3,514.7 3,514.5 3,683.3 3,707.3 3,808.3

Equity

Total common equity 11,423.1 10,820.0 10,383.8 9,938.3 10,164.2

Accumulated other comprehensive income (AOCI) 1,849.1 1,950.0 2,087.8 3,452.8 3,710.7

Total ING U.S. Inc. Shareholders’ Equity 13,272.2 12,770.0 12,471.6 13,391.1 13,874.9

Total Equity (Excluding AOCI) 11,423.1 10,820.0 10,383.8 9,938.3 10,164.2

Capital

Total Capitalization 16,786.9 16,284.5 16,154.9 17,098.4 17,683.2

Total Capitalization (Excluding AOCI) 14,937.8 14,334.5 14,067.1 13,645.6 13,972.5

Debt to Capital

Debt to Capital 20.9% 21.6% 22.8% 21.7% 21.5%

Debt to Capital (Excluding AOCI) 23.5% 24.5% 26.2% 27.2% 27.3%

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 December 31, 2013 General Account Separate Account Mutual Funds Management Administration Total AUM + AUA

Retirement (1) 28,169.2 57,654.0 19,413.7 105,236.9 237,777.1 343,014.0

Annuities (2) 22,432.2 829.6 3,384.9 26,646.7—26,646.7

Retirement Solutions 50,601.4 58,483.6 22,798.6 131,883.6 237,777.1 369,660.7

Investment Management 78,988.8 45,061.2 75,236.0 199,286.0 58,462.8 257,748.8

Insurance

Individual Life (3) 13,271.3 2,724.3—15,995.6—15,995.6

Employee Benefits 1,739.2 15.9—1,755.1—1,755.1

Insurance Solutions 15,010.5 2,740.2—17,750.7—17,750.7

Eliminations(70,297.8)(43,727.8)(9,508.6)(123,534.2)(60,054.0)(183,588.2)

Total Ongoing Business 74,302.9 62,557.2 88,526.0 225,386.1 236,185.9 461,572.0

Closed Block Variable Annuity 1,429.1 44,269.9—45,699.0—45,699.0

Closed Block Institutional Spread Products 2,711.6 — 2,711.6—2,711.6

Closed Block Other 545.2 — 545.2—545.2

Total AUM and AUA 78,988.8 106,827.1 88,526.0 274,341.9 236,185.9 510,527.8

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

Sources of operating earnings before income taxes:

Investment spread and other investment income (1) 181.4 181.3 179.5 183.3 169.1 725.5 673.5

Fee based margin 215.0 209.7 205.5 199.0 198.0 829.2 776.0

Net underwriting gain (loss) and other revenue(2.3) 0.4(3.0)(6.0)(10.5)(10.9)(24.0)

Administrative expenses(181.8)(171.8)(174.6)(170.0)(170.8)(698.2)(695.5)

Trail commissions(35.3)(31.4)(31.9)(29.9)(31.1)(128.5)(116.1)

DAC/VOBA and other intangibles amortization, excluding

unlocking (1)(42.8)(45.2)(42.0)(41.6)(37.6)(171.6)(171.1)

DAC/VOBA and other intangibles unlocking (1) 4.4 44.3(1.4) 3.0(8.9) 50.3 5.8

Operating earnings before income taxes 138.6 187.3 132.1 137.8 108.2 595.8 448.6

Gross investment income

Fixed income 364.1 356.9 364.7 356.3 370.7 1,442.0 1,444.3

Limited partnership income 2.8(0.1) 1.9 2.3(2.0) 6.9 3.4

Prepayment fee income 9.1 2.9 7.9 10.2 1.1 30.1 17.7

Total gross investment income 376.0 359.7 374.5 368.8 369.8 1,479.0 1,465.4

Investment expenses(14.9)(14.1)(14.7)(14.2)(14.7)(57.9)(54.9)

Credited interest(210.0)(207.5)(203.6)(199.9)(204.7)(821.0)(800.1)

Net margin 151.1 138.1 156.2 154.7 150.5 600.1 610.4

Other investment income(1) (2) 30.3 43.2 23.3 28.6 18.5 125.4 63.1

Investment spread and other investment income 181.4 181.3 179.5 183.3 169.1 725.5 673.5

Fee based margin

Fee based margin—excluding Recordkeeping 157.3 152.6 145.3 139.2 135.6 594.4 530.8

Fee based margin—Recordkeeping 57.7 57.1 60.3 59.8 62.2 234.9 245.2

Fee based margin 215.0 209.7 205.5 199.0 198.0 829.2 776.0

Recordkeeping

Revenue 57.7 57.1 60.3 59.8 62.2 234.9 245.2

Expenses(54.6)(53.0)(53.7)(53.1)(56.0)(214.4)(227.9)

Operating earnings—Recordkeeping 3.1 4.1 6.6 6.7 6.2 20.5 17.3

(1) The three months ended 9/30/13 and 12/31/13 include $14.8 million and $0.4 million of net investment income, $(6.4) million and $(0.6)

million of DAC/VOBA and other intangibles amortization, and $4.3 million and $0.4 million of DAC/VOBA and other intangibles unlocking from

Lehman Recovery/LIHTC, respectively.

(2) 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) 12/31/13 9/30/13 6/30/13 3/31/13 12/31/12 12/31/13 12/31/12

Operating revenues

Net investment income and net realized gains (losses) 397.4 394.5 388.8 388.9 380.1 1,569.6 1,499.9

Fee income 196.1 191.0 189.0 183.8 182.7 759.9 715.0

Premiums 0.7 0.7 3.8 0.5 0.9 5.7 4.9

Other revenue 18.2 20.7 15.3 10.0 6.8 64.2 52.1

Total operating revenues 612.4 606.9 596.9 583.2 570.5 2,399.4 2,271.9

Operating benefits and expenses

Interest credited and other benefits to contract owners/policyholders(218.2)(213.5)(212.1)(204.6)(212.9)(848.4)(842.2)

Operating expenses(220.1)(205.8)(210.0)(204.0)(204.6)(839.9)(824.9)

Net amortization of DAC/VOBA(35.5)(0.3)(42.7)(36.8)(44.7)(115.3)(155.0)

Interest expense — —(0.1) -(1.2)

Total operating benefits and expenses(473.8)(419.6)(464.8)(445.4)(462.3)(1,803.6)(1,823.3)

Operating earnings before income taxes 138.6 187.3 132.1 137.8 108.2 595.8 448.6

Page 22 of 70

ING U.S.

Retirement AUM/AUA

Balances as of

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

Assets under management by product group

Corporate markets 40,123.7 37,677.7 35,916.3 35,441.2 33,265.9

Tax-exempt markets 53,200.5 51,183.9 49,451.5 49,269.4 46,986.1

Total full service plans 93,324.2 88,861.6 85,367.8 84,710.6 80,252.0

Stable value 8,914.3 8,705.0 8,406.9 8,279.7 7,792.1

Individual markets 2,998.4 2,850.5 2,702.4 2,612.0 2,427.1

Total AUM 105,236.9 100,417.1 96,477.1 95,602.3 90,471.2

AUA 237,777.1 227,841.9 220,739.5 223,034.6 213,675.5

Total AUM and AUA 343,014.0 328,259.0 317,216.6 318,636.9 304,146.7

Assets under management by fund group

General account 28,169.2 28,088.3 27,700.9 27,387.8 27,222.6

Guaranteed separate account 8,120.0 8,092.5 8,027.0 8,287.8 8,273.9

Non-guaranteed separate account 49,534.0 46,840.4 44,582.7 44,229.0 41,151.5

Mutual Funds/Institutional Funds 19,413.7 17,395.9 16,166.5 15,697.7 13,823.2

Total AUM 105,236.9 100,417.1 96,477.1 95,602.3 90,471.2

AUA 237,777.1 227,841.9 220,739.5 223,034.6 213,675.5

Total AUM and AUA 343,014.0 328,259.0 317,216.6 318,636.9 304,146.7

Page 23 of 70

ING U.S.

Retirement AUM Rollforward

Three Months Ended Year-to-Date

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

Full service—Corporate markets

Assets under management, beginning of period 37,677.7 35,916.3 35,441.2 33,265.9 32,609.4 33,265.9 29,134.4

Transfer/Single deposits 1,251.5 688.2 648.9 1,085.7 1,118.8 3,674.3 2,877.3

Recurring deposits 845.1 883.5 918.4 1,021.7 781.0 3,668.7 3,464.3

Deposits 2,096.6 1,571.7 1,567.3 2,107.4 1,899.8 7,343.0 6,341.6

Surrenders, benefits, and product charges(1,839.9)(1,645.3)(1,309.7)(1,728.5)(1,698.3)(6,523.4)(5,601.1)

Net Flows 256.7(73.6) 257.6 378.9 201.5 819.6 740.5

Interest credited and investment performance 2,189.3 1,835.0 217.5 1,796.4 455.0 6,038.2 3,391.0

Assets under management, end of period 40,123.7 37,677.7 35,916.3 35,441.2 33,265.9 40,123.7 33,265.9

Full service—Tax-exempt markets

Assets under management, beginning of period 51,183.9 49,451.5 49,269.4 46,986.1 46,226.6 46,986.1 42,691.3

Transfer/Single deposits 271.2 335.0 356.0 642.0 410.5 1,604.2 1,358.2

Recurring deposits 756.5 691.0 805.6 772.9 740.5 3,026.0 2,975.4

Deposits 1,027.7 1,026.0 1,161.6 1,414.9 1,151.0 4,630.2 4,333.6

Surrenders, benefits, and product charges(1,117.5)(1,101.8)(1,261.9)(962.7)(903.4)(4,443.9)(3,770.5)

Net Flows(89.8)(75.8)(100.3) 452.2 247.6 186.3 563.1

Interest credited and investment performance 2,106.4 1,808.2 282.4 1,831.1 511.9 6,028.1 3,731.7

Assets under management, end of period 53,200.5 51,183.9 49,451.5 49,269.4 46,986.1 53,200.5 46,986.1

Stable value (1)

Assets under management, beginning of period 8,705.0 8,406.9 8,279.7 7,792.1 6,473.1 7,792.1 5,560.9

Transfer/Single deposits 202.1 336.7 353.3 542.0 1,320.0 1,434.1 2,388.0

Recurring deposits 60.1 63.4 49.9 48.0 61.8 221.4 210.0

Deposits 262.2 400.1 403.2 590.0 1,381.8 1,655.5 2,598.0

Surrenders, benefits, and product charges(113.8)(81.3)(212.3)(108.9)(97.2)(516.3)(626.4)

Net Flows 148.4 318.8 190.9 481.1 1,284.6 1,139.2 1,971.6

Interest credited and investment performance 60.9(20.7)(63.7) 6.5 34.4(17.0) 259.6

Assets under management, end of period 8,914.3 8,705.0 8,406.9 8,279.7 7,792.1 8,914.3 7,792.1

Individual markets

Assets under management, beginning of period 2,850.5 2,702.4 2,612.0 2,427.1 2,359.4 2,427.1 2,091.1

Transfer/Single deposits 290.3 280.5 323.6 331.6 302.5 1,226.0 1,183.0

Recurring deposits 0.2 0.2 0.5 0.4 0.1 1.3 0.8

Deposits 290.5 280.7 324.1 332.0 302.6 1,227.3 1,183.8

Surrenders, benefits, and product charges(242.6)(215.8)(230.7)(224.8)(255.1)(913.9)(993.4)

Net Flows 47.9 64.9 93.4 107.2 47.5 313.4 190.4

Interest credited and investment performance 100.0 83.2(3.0) 77.7 20.2 257.9 145.6

Assets under management, end of period 2,998.4 2,850.5 2,702.4 2,612.0 2,427.1 2,998.4 2,427.1

Total AUM (2)

Assets under management, beginning of period 100,417.1 96,477.1 95,602.3 90,471.2 87,668.5 90,471.2 79,477.7

Transfer/Single deposits 2,015.1 1,640.4 1,681.8 2,601.3 3,151.7 7,938.6 7,806.5

Recurring deposits 1,661.9 1,638.1 1,774.4 1,843.0 1,583.4 6,917.4 6,650.5

Deposits 3,677.0 3,278.5 3,456.2 4,444.3 4,735.1 14,856.0 14,457.0

Surrenders, benefits, and product charges(3,313.8)(3,044.2)(3,014.6)(3,024.9)(2,953.9)(12,397.5)(10,991.4)

Net Flows 363.2 234.3 441.6 1,419.4 1,781.2 2,458.5 3,465.6

Interest credited and investment performance 4,456.6 3,705.7 433.2 3,711.7 1,021.5 12,307.2 7,527.9

Assets under management, end of period 105,236.9 100,417.1 96,477.1 95,602.3 90,471.2 105,236.9 90,471.2

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

Sources of operating earnings before income taxes:

Investment spread and other investment income (1) 120.5 127.9 115.4 113.4 118.8 477.2 438.8

Fee based margin 12.9 12.1 11.3 10.5 10.1 46.8 36.4

Net underwriting gain (loss) and other revenue 4.3 2.3 4.4 7.2 5.6 18.2 14.8

Administrative expenses(22.0)(22.5)(23.2)(21.9)(21.7)(89.6)(90.1)

Trail commissions(9.9)(8.9)(8.6)(8.8)(8.4)(36.2)(32.9)

DAC/VOBA and other intangibles amortization, excluding

unlocking (1)(49.8)(57.9)(49.7)(53.1)(53.7)(210.5)(178.6)

DAC/VOBA and other intangibles unlocking (1) 27.2 43.8 9.9 7.0(44.4) 87.9(86.2)

Operating earnings before income taxes 83.2 96.8 59.5 54.3 6.3 293.8 102.2

Gross investment income

Fixed income 256.4 259.1 258.3 267.6 278.5 1,041.4 1,144.1

Limited partnership income 5.3 1.3 5.1 1.6 0.7 13.3 9.2

Prepayment fee income 9.9 6.3 11.1 5.8 10.1 33.1 29.1

Total gross investment income 271.6 266.7 274.5 275.0 289.3 1,087.8 1,182.4

Investment expenses(10.8)(10.5)(11.2)(10.9)(11.4)(43.4)(44.2)

Credited interest(163.0)(168.1)(167.8)(173.7)(179.7)(672.6)(783.1)

Net margin 97.8 88.1 95.5 90.4 98.2 371.8 355.1

Other investment income (1) (2) 22.7 39.9 19.9 22.9 20.6 105.4 83.7

Investment spread and other investment income 120.5 127.9 115.4 113.4 118.8 477.2 438.8

(1) The three months ended 9/30/13 and 12/31/13 include $19.0 million and $1.3 million of net investment income, $(10.5) million and $(0.9)

million of DAC/VOBA and other intangibles amortization, and $4.2 million and $0.4 million of DAC/VOBA and other intangibles unlocking from

Lehman Recovery/LIHTC, respectively.

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

Page 26 of 70

ING U.S.

Annuities Operating Earnings

Three Months Ended Year-to-Date

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

Operating revenues

Net investment income and net realized gains (losses) 283.4 295.9 283.5 287.1 298.4 1,149.9 1,223.3

Fee income 12.2 11.8 11.2 9.9 10.4 45.1 35.5

Premiums 14.4 7.5 6.7 7.8 6.3 36.4 35.9

Other revenue 3.9 3.9 2.6 2.8 2.3 13.2 12.3

Total operating revenues 313.9 319.1 304.0 307.6 317.4 1,244.6 1,307.0

Operating benefits and expenses

Interest credited and other benefits to contract owners/policyholders(180.4)(182.2)(183.9)(184.4)(192.3)(730.9)(854.1)

Operating expenses(32.1)(31.7)(32.2)(31.0)(30.3)(127.0)(124.7)

Net amortization of DAC/VOBA(18.2)(8.4)(28.4)(37.9)(88.4)(92.9)(225.5)

Interest expense — —(0.1) -(0.5)

Total operating benefits and expenses(230.7)(222.3)(244.5)(253.3)(311.1)(950.8)(1,204.8)

Operating earnings before income taxes 83.2 96.8 59.5 54.3 6.3 293.8 102.2

Page 27 of 70

ING U.S. Annuities AUM

Balances as of

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

Assets Under Management

Fixed single year 3,889.5 3,985.4 4,104.1 4,204.7 4,273.7

Fixed multi-year 3,445.7 3,608.1 3,748.6 3,853.0 3,949.3

Indexed 12,648.4 12,494.9 12,362.8 12,255.3 12,209.2

SPIA & Payout 2,803.5 2,760.4 2,762.9 2,794.8 2,806.6

Other annuities 474.8 452.6 438.9 444.7 428.7

Mutual funds 3,384.9 3,077.8 2,816.2 2,675.5 2,433.6

Total AUM 26,646.7 26,379.2 26,233.5 26,228.0 26,101.1

Assets Under Management

General account 22,432.2 22,508.2 22,647.3 22,772.4 22,915.8

Separate account 829.6 793.2 770.0 780.1 751.7

Mutual funds 3,384.9 3,077.8 2,816.2 2,675.5 2,433.6

Total AUM 26,646.7 26,379.2 26,233.5 26,228.0 26,101.1

Page 28 of 70

ING U.S.

Annuities AUM Rollforward

Three Months Ended Year-to-Date

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

Annual Reset Annuities/Multi-Year Guaranteed Annuities

Assets Under Management, beginning of period 7,593.5 7,852.7 8,057.7 8,222.9 8,501.3 8,222.9 10,599.1

Deposits 17.7 14.5 16.5 12.2 17.3 60.9 61.6

Surrenders, benefits, and product charges(348.1)(346.9)(300.6)(254.0)(376.9)(1,249.6)(2,812.5)

Net cash flow(330.4)(332.4)(284.1)(241.8)(359.6)(1,188.7)(2,750.9)

Interest credited and investment performance 72.1 73.2 79.1 76.6 81.2 301.0 374.7

Assets Under Management, end of period 7,335.2 7,593.5 7,852.7 8,057.7 8,222.9 7,335.2 8,222.9

Fixed Indexed Annuities

Assets Under Management, beginning of period 12,494.9 12,362.8 12,255.3 12,209.2 12,167.0 12,209.2 12,080.9

Deposits 379.3 334.8 286.7 245.9 285.0 1,246.7 1,190.4

Surrenders, benefits, and product charges(348.6)(327.3)(332.8)(288.9)(341.2)(1,297.6)(1,392.0)

Net cash flow 30.7 7.6(46.2)(43.1)(56.1)(51.0)(201.6)

Interest credited and investment performance 122.8 124.6 153.7 89.1 98.4 490.2 329.8

Assets Under Management, end of period 12,648.4 12,494.9 12,362.8 12,255.3 12,209.2 12,648.4 12,209.2

SPIA & Payout

Assets Under Management, beginning of period 2,760.4 2,762.9 2,794.8 2,806.6 2,851.0 2,806.6 2,831.0

Deposits 94.5 51.1 37.2 39.8 38.7 222.6 243.0

Surrenders, benefits, and product charges(108.7)(110.6)(107.7)(101.0)(112.7)(428.0)(440.9)

Net cash flow(14.2)(59.5)(70.5)(61.3)(74.0)(205.5)(197.9)

Interest credited and investment performance 57.3 57.0 38.5 49.5 29.6 202.4 173.5

Assets Under Management, end of period 2,803.5 2,760.4 2,762.9 2,794.8 2,806.6 2,803.5 2,806.6

Mutual Fund Custodial

Assets Under Management, beginning of period 3,077.8 2,816.2 2,675.5 2,433.5 2,291.7 2,433.5 1,761.3

Deposits 288.3 270.6 283.1 255.4 213.6 1,097.4 852.6

Surrenders, benefits, and product charges(135.1)(133.8)(114.2)(115.3)(106.9)(498.4)(391.6)

Net cash flow 153.3 136.8 168.9 140.1 106.7 599.1 461.0

Interest credited and investment performance 153.8 124.8(28.1) 101.8 35.1 352.3 211.2

Assets Under Management, end of period 3,384.9 3,077.8 2,816.2 2,675.5 2,433.5 3,384.9 2,433.5

Other Annuities

Assets Under Management, beginning of period 452.6 438.9 444.7 428.7 440.8 428.7 417.8

Deposits 1.0 0.6 1.1 1.6 1.2 4.3 6.2

Surrenders, benefits, and product charges(12.4)(14.1)(13.0)(15.8)(14.7)(55.3)(49.6)

Net cash flow(11.4)(13.5)(11.8)(14.3)(13.5)(51.0)(43.4)

Interest credited and investment performance 33.6 27.2 6.1 30.3 1.4 97.1 54.3

Assets Under Management, end of period 474.8 452.6 438.9 444.7 428.7 474.8 428.7

Annuities—Total

Assets Under Management, beginning of period 26,379.2 26,233.5 26,228.0 26,101.1 26,251.9 26,101.1 27,690.2

Deposits 780.9 671.7 624.6 554.8 555.8 2,632.0 2,353.8

Surrenders, benefits, and product charges(952.8)(932.7)(868.3)(775.1)(951.8)(3,528.9)(5,086.1)

Net cash flow(171.9)(261.0)(243.7)(220.3)(396.0)(896.9)(2,732.3)

Interest credited and investment performance 439.4 406.7 249.2 347.3 245.2 1,442.5 1,143.2

Assets Under Management, end of period 26,646.7 26,379.2 26,233.5 26,228.0 26,101.1 26,646.7 26,101.1

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

Sources of operating earnings before income

taxes:

Investment capital and other investment income (1) 12.1 16.8 6.2 2.6 5.3 37.7 39.9

Fee based margin 155.0 143.3 142.4 129.3 137.2 570.0 505.6

Administrative expenses(114.2)(106.1)(107.5)(101.8)(111.3)(429.6)(411.0)

Operating earnings before income taxes 52.9 54.0 41.1 30.1 31.2 178.1 134.5

(1) The three months ended 9/30/13 and 12/31/13 include $11.5 million and $1.7 million respectively

of net investment income from Lehman Recovery/LIHTC.

Page 31 of 70

ING U.S.

Investment Management Operating Earnings

Three Months Ended Year-to-Date

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

Operating revenues

Net investment income and net realized gains (losses) 11.7 16.4 6.1 2.8 5.6 37.0 41.6

Fee income 141.4 135.4 132.3 121.7 122.6 530.8 474.7

Other revenue 14.0 8.3 10.2 7.4 14.3 39.9 29.2

Total operating revenues 167.1 160.1 148.6 131.9 142.5 607.7 545.5

Operating benefits and expenses

Operating expenses(114.2)(106.1)(107.5)(101.8)(111.3)(429.6)(411.0)

Total operating benefits and expenses(114.2)(106.1)(107.5)(101.8)(111.3)(429.6)(411.0)

Operating earnings before income taxes 52.9 54.0 41.1 30.1 31.2 178.1 134.5

Page 32 of 70

ING U.S.

Investment Management Key Metrics

Balances as of Balances as of

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

Client Assets by Source:

External clients

Investment Management sourced 66,362.2 63,275.4 60,643.9 58,002.1 54,061.9 66,362.2 54,061.9

Affiliate sourced 53,935.0 52,169.5 49,404.6 49,658.0 47,284.6 53,935.0 47,284.6

Subtotal external clients 120,297.2 115,445.0 110,048.5 107,660.1 101,346.5 120,297.2 101,346.5

General Account (1) 78,988.8 80,260.3 80,275.3 79,965.9 80,404.8 78,988.8 80,404.8

Total Client Assets (AUM) 199,286.0 195,705.3 190,323.8 187,626.0 181,751.3 199,286.0 181,751.3

Administration Only Assets (AUA) 58,462.8 55,843.7 55,294.2 55,732.5 54,695.5 58,462.8 54,695.5

Total AUM and AUA 257,748.8 251,549.0 245,618.0 243,358.5 236,446.8 257,748.8 236,446.8

Three Months Ended Year to Date

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

Analysis of investment advisory and administrative

revenues, net, by source: (2)

External clients

Investment Management sourced 74.6 69.4 68.2 58.0 58.2 270.2 222.7

Affiliate sourced 26.8 25.8 23.5 22.1 21.9 98.2 82.1

Subtotal External Clients 101.4 95.2 91.7 80.1 80.1 368.4 304.8

General Account 36.2 36.2 36.2 36.8 37.0 145.4 148.5

Total investment advisory and administrative revenues, net,

from AUM 137.6 131.4 127.9 116.9 117.1 513.8 453.3

Administration Only Fees 3.8 4.0 4.4 4.8 5.5 17.0 21.5

Total investment advisory and administrative revenues, net,

by source (2) 141.4 135.4 132.3 121.7 122.6 530.8 474.7

Revenue Yield (bps): (2) (3)

External clients

Investment Management sourced 46.0 44.7 45.6 41.5 44.6 44.5 44.2

Affiliate sourced 20.1 20.5 18.9 18.3 18.7 19.5 18.6

Revenue Yield on Institutional/retail 34.4 33.8 33.5 30.8 32.3 33.2 32.3

General Account 18.0 18.0 18.1 18.3 18.5 18.1 18.8

Revenue Yield on Client Assets (AUM) 27.7 27.3 27.0 25.3 26.1 26.9 26.1

Revenue Yield on Administration Only Assets (AUA) 2.7 2.9 3.1 3.5 4.1 3.0 3.8

Total Revenue Yield on AUM and AUA (bps) (2) (3) 22.1 21.8 21.6 20.3 21.0 21.4 20.7

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

AUM Roll-forward By Source

Investment Management Sourced

Beginning AUM 63,275.4 60,643.9 58,002.1 54,061.9 50,761.4 54,061.9 49,391.8

Inflows

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

Inflows-other 4,589.9 3,875.4 5,760.6 4,598.0 5,536.4 18,824.0 12,878.4

Outflows(3,302.9)(3,160.6)(2,615.4)(2,164.9)(2,255.5)(11,243.9)(9,419.9)

Net Flows 1,287.0 714.9 3,145.2 2,630.7 3,762.2 7,777.7 3,939.8

Net Money Market Flows 2.3 5.1(21.5)(3.2) 5.6(17.2)(24.4)

Change in Market Value 1,827.6 1,801.8(513.0) 1,728.2 635.5 4,844.5 4,490.8

Other (Including Acquisitions / Divestitures)(30.0) 109.8 31.1(415.5)(1,102.8)(304.6)(3,736.1)

Investment Management sourced AUM End of Period 66,362.2 63,275.4 60,643.9 58,002.1 54,061.9 66,362.2 54,061.9

Organic Growth (Long Term Net Flows / Beginning of Period AUM) 2.03% 1.18% 5.42% 4.87% 7.41% 14.39% 7.98%

Market Growth % 2.89% 2.97% -0.88% 3.20% 1.25% 8.96% 9.09%

Affiliate Sourced

Beginning AUM 52,169.5 49,404.6 49,658.0 47,284.6 46,376.8 47,284.6 37,851.8

Inflows

Inflows from sub-advisor replacements—869.8 537.0 447.1 125.2 1,853.9 6,439.2

Inflows-other 1,149.3 1,849.6 1,024.1 1,579.6 2,311.6 5,602.6 5,903.5

Outflows(1,790.4)(1,600.8)(1,606.7)(1,479.9)(1,716.5)(6,477.8)(6,436.9)

Net Flows(641.1) 1,118.6(45.6) 546.8 720.3 978.7 5,905.8

Net Money Market Flows(156.8)(21.1) 39.8(226.2) 20.4(364.3)(334.8)

Change in Market Value 2,491.3 2,088.5 10.4 2,111.2 230.2 6,701.4 3,930.0

Other (Including Acquisitions / Divestitures) 72.1(421.0)(258.0)(58.5)(63.0)(665.4)(68.2)

Affiliate sourced AUM End of Period 53,935.0 52,169.5 49,404.6 49,658.0 47,284.6 53,935.0 47,284.6

Organic Growth (Long Term Net Flows / Beginning of Period AUM) -1.23% 2.26% -0.09% 1.16% 1.55% 2.07% 15.60%

Market Growth % 4.78% 4.23% 0.02% 4.46% 0.50% 14.17% 10.38%

Other affiliate sourced net flows 10.0 1,722.3 572.2 1,040.4 1,365.7 3,344.9 7,799.1

Variable annuity net flows(651.1)(603.8)(617.8)(493.6)(645.4)(2,366.3)(1,893.2)

Total affiliate sourced net flows(641.1) 1,118.6(45.6) 546.8 720.3 978.7 5,905.8

Investment Management sourced net flows 1,287.0 714.9 3,145.2 2,630.7 3,762.2 7,777.7 3,939.8

Total net flows 645.9 1,833.5 3,099.6 3,177.5 4,482.5 8,756.4 9,845.6

Page 34 of 70

ING U.S.

Investment Management Account Value by Asset Type

Balances as of

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

(in millions USD)

Institutional

Equity 18,334.8 16,934.3 15,645.2 14,644.1 13,769.5

Fixed Income 36,532.3 35,223.5 34,034.0 32,246.4 29,894.4

Real Estate — — -

Money Market 28.6 27.2 18.9 17.1 33.3

Total 54,895.7 52,185.0 49,698.1 46,907.6 43,697.2

Retail

Equity 41,408.5 38,963.8 36,162.9 36,199.9 33,315.3

Fixed Income 15,209.9 15,191.3 15,208.2 15,459.7 15,406.2

Real Estate 6,647.6 6,801.5 6,660.2 6,794.1 6,401.3

Money Market 2,135.5 2,303.4 2,319.1 2,298.7 2,526.5

Total 65,401.5 63,260.0 60,350.4 60,752.4 57,649.3

General Account

Equity 280.3 292.6 356.5 360.5 443.6

Fixed Income 77,958.6 78,097.5 78,137.2 76,389.0 75,765.4

Real Estate — — -

Money Market 749.9 1,870.2 1,781.6 3,216.4 4,195.8

Total 78,988.8 80,260.3 80,275.3 79,965.9 80,404.8

Combined Asset Type

Equity 60,023.6 56,190.9 52,164.6 51,204.6 47,528.4

Fixed Income 129,700.8 128,512.2 127,379.4 124,095.1 121,066.0

Real Estate 6,647.6 6,801.5 6,660.2 6,794.1 6,401.3

Money Market 2,914.0 4,200.7 4,119.6 5,532.2 6,755.6

Total 199,286.0 195,705.3 190,323.8 187,626.0 181,751.3

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

Sources of operating earnings before income

taxes:

Investment spread and other investment income (1) 57.1 95.1 48.2 52.4 38.8 252.8 227.7

Fee based margin 5.8 4.6 5.0 4.8 4.7 20.2 19.5

Net underwriting gain (loss) and other revenue 100.4 119.9 115.8 115.9 146.4 452.0 495.4

Administrative expenses(65.9)(64.0)(69.8)(67.0)(76.6)(266.7)(307.0)

Trail commissions(4.9)(4.8)(5.9)(7.7)(6.1)(23.3)(30.5)

DAC/VOBA and other intangibles amortization,

excluding unlocking (1)(39.1)(70.2)(48.4)(44.9)(57.2)(202.6)(212.3)

DAC/VOBA and other intangibles unlocking (1)(6.4) 36.4(4.9)(2.7) 4.6 22.4 3.4

Operating earnings before income taxes 47.0 117.0 40.0 50.8 54.6 254.8 196.2

Gross Investment Income

Fixed income 209.5 208.6 204.2 203.2 202.2 825.5 870.7

Limited partnership income 3.6 0.7 3.9 1.5(1.2) 9.7 1.3

Prepayment fee income 3.6 3.6 3.1 7.7 4.4 18.0 13.4

Total gross investment income 216.7 212.9 211.2 212.4 205.4 853.2 885.4

Investment expenses(6.2)(5.8)(5.7)(5.4)(5.4)(23.1)(23.3)

Credited interest(165.1)(162.5)(163.8)(162.3)(166.1)(653.7)(649.5)

Net margin 45.4 44.6 41.7 44.7 33.9 176.4 212.6

Other investment income (1) (2) 11.7 50.6 6.5 7.6 4.8 76.4 15.1

Investment spread and other investment income 57.1 95.1 48.2 52.4 38.8 252.8 227.7

Net underwriting gain (loss) and other revenue

Fee Revenue/Premiums 494.2 499.3 500.1 488.4 503.4 1,982.1 1,997.7

Net Mortality, including Reinsurance(305.8)(283.9)(293.4)(301.8)(261.7)(1,184.9)(1,090.9)

Reserve Change/Other(88.0)(95.5)(90.9)(70.7)(95.5)(345.2)(411.4)

Total net underwriting gain (loss) and other

revenue 100.4 119.9 115.8 115.9 146.4 452.0 495.4

(1) The three months ended 9/30/13 and 12/31/13 include $43.4 million and $3.8 million of net investment income, $(23.0) million and $(2.1)

million of DAC/VOBA and other intangibles amortization, and $16.2 million and $1.4 million of DAC/VOBA and other intangibles unlocking

from Lehman Recovery/LIHTC, respectively.

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

Page 37 of 70

ING U.S.

Individual Life Operating Earnings

Three Months Ended Year-to-Date

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

Operating revenues

Net investment income and net realized gains (losses) 224.5 258.7 215.4 216.9 213.1 915.5 913.8

Fee income 278.5 278.4 280.0 276.8 282.0 1,113.7 1,115.7

Premiums 185.3 174.7 192.1 185.8 191.7 737.9 737.8

Other revenue 4.6 5.3 7.3 7.6 7.4 24.8 26.6

Total operating revenues 692.9 717.1 694.8 687.1 694.2 2,791.9 2,793.9

Operating benefits and expenses

Interest credited and other benefits to contract owners/policyholders(518.8)(468.7)(512.4)(501.6)(489.1)(2,001.5)(2,034.4)

Operating expenses(88.9)(83.9)(94.6)(90.9)(101.0)(358.3)(390.5)

Net amortization of DAC/VOBA(38.2)(47.5)(47.6)(42.9)(47.7)(176.2)(162.3)

Interest expense —(0.2)(0.9)(1.8)(1.1)(10.5)

Total operating benefits and expenses(645.9)(600.1)(654.8)(636.3)(639.6)(2,537.1)(2,597.7)

Operating earnings before income taxes 47.0 117.0 40.0 50.8 54.6 254.8 196.2

Page 38 of 70

ING U.S.

Individual Life Key Metrics

Three Months Ended Year-to-Date

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

Sales by Product Line

Guaranteed—0.1—0.5 7.7 0.6 72.7

Accumulation 2.0 2.8 3.9 4.0 5.4 12.7 25.3

Indexed 8.4 5.8 6.6 6.8 11.8 27.6 33.5

Total Universal life 10.4 8.7 10.5 11.3 24.9 40.9 131.5

Variable life 0.7 2.8 2.4 2.7 1.6 8.6 6.3

Term 9.8 11.2 13.9 15.2 19.2 50.1 116.3

Whole life 0.1 0.1 ——0.2 -

Total sales by product line 21.0 22.8 26.8 29.2 45.7 99.8 254.1

Sales by Distribution

Independent life sales 12.9 13.3 17.2 19.1 32.1 62.5 192.5

Strategic distribution 5.2 5.8 5.3 5.4 8.5 21.7 32.1

Alternative and specialty markets 2.9 3.7 4.3 4.7 5.1 15.6 29.5

Total sales by distribution 21.0 22.8 26.8 29.2 45.7 99.8 254.1

Gross premiums and deposits by product:

Interest sensitive 276.1 271.5 273.2 275.2 322.2 1,096.0 1,434.1

Non—interest sensitive 227.0 217.2 233.6 223.4 217.4 901.2 890.5

Total gross premiums and deposits 503.0 488.7 506.8 498.6 539.6 1,997.1 2,324.6

Applications

New business policy count (Paid) 9,906 11,904 15,290 16,137 20,471 53,237 119,936

End of Period:

In-force face amount (by product)

Universal life 78,581 78,901 79,505 79,969 80,685 78,581 80,685

Variable life 28,198 28,679 29,153 29,642 30,182 28,198 30,182

Term 495,995 496,935 497,596 496,919 494,760 495,995 494,760

Whole life 2,217 2,241 2,274 2,313 2,348 2,217 2,348

Total In-force Face 604,990 606,756 608,528 608,844 607,976 604,990 607,976

In-force policy count (in whole numbers)

Universal life 292,096 295,241 298,406 301,703 305,115 292,096 305,115

Variable life 66,811 67,887 69,135 70,364 71,589 66,811 71,589

Term 830,832 832,506 832,402 829,444 824,794 830,832 824,794

Whole life 142,409 144,274 146,425 148,767 151,346 142,409 151,346

Total Policy Counts 1,332,148 1,339,908 1,346,368 1,350,278 1,352,844 1,332,148 1,352,844

Assets under management

General account 13,271.3 13,257.4 13,190.7 13,089.6 12,910.4 13,271.3 12,910.4

Separate account 2,724.3 2,590.3 2,487.0 2,509.2 2,412.1 2,724.3 2,412.1

Total 15,995.6 15,847.7 15,677.7 15,598.8 15,322.5 15,995.6 15,322.5

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

Sources of operating earnings before income taxes:

Investment spread and other investment income (1) 13.6 16.3 11.7 12.0 10.4 53.6 49.1

Net underwriting gain (loss) and other revenue 78.3 76.3 86.9 62.8 80.6 304.3 308.6

Administrative expenses(38.5)(39.9)(41.0)(39.6)(41.6)(159.0)(165.6)

Trail commissions(18.0)(18.7)(19.6)(19.7)(17.7)(76.0)(69.5)

DAC/VOBA and other intangibles amortization, excluding

unlocking(4.4)(4.9)(3.9)(3.1)(3.1)(16.3)(13.2)

DAC/VOBA and other intangibles unlocking(0.5) — —(0.5) -

Operating earnings before income taxes 30.5 29.1 34.1 12.4 28.6 106.1 109.4

Gross Investment Income

Fixed income 25.4 25.3 24.7 26.1 24.8 101.5 105.4

Limited partnership income 0.6—0.4 0.1(0.2) 1.1 0.1

Prepayment fee income 1.0 1.1 1.3 0.5 0.2 3.9 1.0

Total gross investment income 27.0 26.4 26.4 26.7 24.8 106.5 106.5

Investment expenses(0.6)(0.8)(0.8)(0.9)(0.9)(3.1)(3.7)

Credited interest(15.7)(15.8)(16.1)(16.3)(16.6)(63.9)(65.0)

Net margin 10.7 9.8 9.5 9.5 7.3 39.5 37.8

Other investment income (1) (2) 2.9 6.5 2.2 2.5 3.1 14.1 11.3

Investment spread and other investment income 13.6 16.3 11.7 12.0 10.4 53.6 49.1

Group life

Premiums 117.2 118.1 119.3 118.9 116.5 473.3 460.8

Benefits(84.3)(97.0)(89.9)(101.5)(91.2)(372.7)(354.5)

Other (3)(2.5)(1.1)(2.6)(3.1)(3.4)(9.2)(11.1)

Total 30.5 20.0 26.8 14.2 21.8 91.4 95.2

Loss Ratio (Interest adjusted) 72.0% 82.1% 75.4% 85.4% 78.4% 78.7% 76.9%

Group stop loss

Premiums 138.8 136.3 133.9 135.7 136.5 544.8 561.5

Benefits(108.9)(99.3)(96.6)(105.4)(94.8)(410.2)(409.5)

Other (3)(0.4)(1.1)(0.3)(1.3)(0.7)(3.1)(3.2)

Total 29.5 35.9 37.0 29.1 41.0 131.5 148.8

Loss Ratio 78.4% 72.8% 72.1% 77.6% 69.5% 75.3% 72.9%

Voluntary Benefits, Disability, and Other 18.3 20.5 23.1 19.4 17.6 81.3 64.3

Net underwriting gain (loss) and other revenue 78.3 76.3 86.9 62.8 80.6 304.3 308.6

(1) The three months ended 9/30/13 and 12/31/13 include $4.0 million and $0.3 million of net investment income from Lehman Recovery/LIHTC, respectively.

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

segment.

(3) Other includes service fees, dividends, interest expenses, and other miscellaneous expenses. The Loss

Ratio calculation does not include Other.

Page 41 of 70

ING U.S.

Employee Benefits Operating Earnings

Three Months Ended Year-to-Date

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

Operating revenues

Net investment income and net realized gains (losses) 29.2 32.1 27.9 28.4 27.0 117.6 114.3

Fee income 15.9 15.5 15.8 15.8 15.9 63.0 62.5

Premiums 272.4 269.6 269.0 274.9 271.6 1,085.9 1,078.1

Other revenue(1.0)(1.0)(1.0)(1.0)(0.9)(4.0)(3.7)

Total operating revenues 316.5 316.2 311.7 318.1 313.6 1,262.5 1,251.2

Operating benefits and expenses

Interest credited and other benefits to contract owners/policyholders(223.9)(223.7)(213.2)(242.6)(220.9)(903.4)(892.1)

Operating expenses(57.1)(58.5)(60.5)(60.0)(60.7)(236.1)(236.2)

Net amortization of DAC/VOBA(5.0)(4.9)(3.9)(3.1)(3.4)(16.9)(13.5)

Total operating benefits and expenses(286.0)(287.1)(277.6)(305.7)(285.0)(1,156.4)(1,141.8)

Operating earnings before income taxes 30.5 29.1 34.1 12.4 28.6 106.1 109.4

Page 42 of 70

ING U.S.

Employee Benefits Key Metrics

Three Months Ended Year-to-Date

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

Sales

Group life (Basic / Sup / AD&D) 5.4 7.3 1.6 44.0 2.0 58.3 47.9

Group stop loss 14.0 38.1 11.6 89.7 7.8 153.4 151.6

Disability 3.1 2.5 1.1 10.9 1.8 17.6 15.8

Association (Life, DI, PAI) 3.6 0.1 0.3—12.7 4.0 14.3

Other (PAI) 0.4 0.2 0.1 1.8—2.5 1.0

Total group products 26.5 48.2 14.7 146.4 24.3 235.8 230.6

Voluntary products 9.1 4.0 3.8 10.3 8.3 27.2 24.5

Total sales by product line 35.6 52.2 18.4 156.7 32.6 263.0 255.1

Total gross premiums and deposits 314.5 316.2 311.3 319.5 314.3 1,261.5 1,252.1

Total annualized in-force premiums 1,294.6 1,292.4 1,273.5 1,316.2 1,286.6 1,294.6 1,286.6

Assets under management (EOP)

General account 1,739.2 1,753.6 1,747.3 1,739.1 1,745.5 1,739.2 1,745.5

Separate account 15.9 15.2 14.8 14.7 14.0 15.9 14.0

Total 1,755.1 1,768.8 1,762.1 1,753.8 1,759.5 1,755.1 1,759.5

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

Interest expense(47.0)(47.6)(43.2)(41.9)(39.2)(179.7)(127.8)

Closed Block Variable Annuity contingent capital LOC —(5.6)(12.8)(13.1)(18.4)(56.7)

Amortization of intangibles(8.7)(8.7)(8.8)(8.8)(8.8)(35.0)(35.0)

Other 11.7(7.4) 4.8 13.4 17.5 22.5 37.2

Operating earnings before income taxes(44.0)(63.7)(52.8)(50.1)(43.6)(210.6)(182.3)

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

Closed Block Institutional Spread Products (1)(5.8) 8.7 10.9 22.1 4.7 35.9 45.7

Closed Block Other (2) 2.5 5.8 7.1(0.7) 19.1 14.7 64.0

Operating earnings before income taxes(3.3) 14.5 18.0 21.4 23.8 50.6 109.7

Three Months Ended Year-to-Date

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

Operating revenues

Net investment income and net realized gains (losses) (1) 21.1 22.8 26.0 38.0 23.7 107.9 126.3

Fee income — — 0.1—0.1

Premiums 0.6 0.6 0.6 0.6 0.6 2.4 2.3

Other revenue(0.3)(0.3)(0.3)(0.3)(0.4)(1.2)(1.5)

Total operating revenues 21.4 23.1 26.3 38.3 24.0 109.1 127.2

Operating benefits and expenses

Interest credited and other benefits to contract owners/policyholders(24.6)(11.9)(12.7)(13.5)(16.1)(62.7)(67.5)

Operating expenses(2.5)(2.4)(2.6)(2.6)(2.9)(10.1)(11.5)

Net amortization of DAC/VOBA(0.1)(0.1)(0.1)(0.1)(0.2)(0.4)(0.6)

Interest expense — —(0.1) -(1.9)

Total operating benefits and expenses(27.2)(14.4)(15.4)(16.2)(19.3)(73.2)(81.5)

Operating earnings before income taxes(5.8) 8.7 10.9 22.1 4.7 35.9 45.7

Three Months Ended Year-to-Date

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

Closed Block Other

Operating revenues

Net investment income and net realized gains (losses) (2) 5.5 7.1 6.0 6.0 10.9 24.6 35.0

Fee income — — — 0.1

Premiums(0.1) 0.4 1.1 0.9 0.9 2.3 5.1

Other revenue 0.2 0.1 0.2 0.3 2.4 0.8 3.6

Total operating revenues 5.6 7.6 7.3 7.2 14.2 27.7 43.8

Operating benefits and expenses

Interest credited and other benefits to contract owners/policyholders(0.6) 0.8 7.3(6.8) 6.8 0.7 3.8

Operating expenses(2.5)(2.6)(7.5)(1.1)(1.9)(13.7) 16.4

Total operating benefits and expenses(3.1)(1.8)(0.2)(7.9) 4.9(13.0) 20.2

Operating earnings before income taxes 2.5 5.8 7.1(0.7) 19.1 14.7 64.0

(1) The three months ended 9/30/13 and 12/31/13 include $(0.2) million and $(0.2) million of net investment income from Lehman Recovery/LIHTC, respectively.

(2) The three months ended 9/30/13 and 12/31/13 include $0.8 million and $(0.2) million of net investment income from Lehman Recovery/LIHTC, respectively.

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Closed Block Variable Annuity Income (Loss) before income taxes

Three Months Ended Year-to-Date

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

Revenues

Net investment income 29.5 28.8 20.9 18.4 17.2 97.6 52.7

Fee income 331.8 325.3 320.7 309.3 312.9 1,287.1 1,235.9

Premiums 40.4 38.8 ——79.2 -

Net realized gains (losses)(560.8)(463.0)(408.4)(776.4)(267.3)(2,208.6)(1,382.8)

Other revenues and premiums 3.2 4.0 6.5 4.7 5.3 18.5 24.2

Total revenues(155.9)(66.1)(60.3)(444.0) 68.1(726.2)(70.0)

Benefits and expenses

Interest credited and other benefits to contract owners/policyholders 64.5 37.6(144.3) 94.1(107.6) 51.9(113.6)

Operating expenses and interest expense(119.6)(119.2)(116.5)(112.2)(113.3)(467.6)(450.4)

Net amortization of DAC/VOBA(15.4)(19.7)(17.3)(15.0)(14.5)(67.4)(58.3)

Total benefits and expenses(70.5)(101.3)(278.1)(33.1)(235.4)(483.1)(622.3)

Income (loss) before income taxes(226.4)(167.4)(338.4)(477.1)(167.3)(1,209.3)(692.3)

Three Months Ended Year-to-Date

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

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)(201.9)(366.3)(407.4)(453.9)(18.0)(1,429.5)(858.3)

Gains (losses) related to CHO program (1) -(40.7)(45.6)(158.5) 18.5(244.8)(351.0)

Gain (loss) due to nonperformance risk(1)(271.7) 5.2(121.3)(106.7)(401.4)(494.5)(443.6)

Net investment gains (losses) (1)(0.7)(3.7) 3.5 13.5(0.6) 12.6 26.6

DAC/VOBA and other intangibles unlocking and loss recognition 1.6(4.3)(1.8)(0.2) 0.3(4.7) 1.8

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

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Closed Block Variable Annuity Death and Living Benefits

Balances as of

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

Death and living benefits-account value

GMAB/GMWB 943 957 970 1,043 1,048

GMIB 15,909 15,443 15,048 15,482 14,904

GMWBL 16,537 16,053 15,636 16,075 15,612

No living benefits 11,351 11,107 10,934 11,246 10,976

Total* 44,740 43,560 42,588 43,846 42,540

Net amount at risk (after reinsurance)

Total DB NAR 5,074 5,720 6,437 6,105 7,029

GMAB/GMWB 20 25 32 32 42

GMIB(1) 1,682 2,321 2,780 3,029 3,576

GMWBL(1) 452 700 960 1,293 1,703

Total LB NAR 2,154 3,046 3,772 4,354 5,321

*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

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

(in millions USD)

Products in accumulation phase:

Balance as of beginning of period 43,608.4 42,635.2 43,897.8 42,590.6 43,280.8 42,590.6 42,231.7

Deposits 55.1 61.0 79.6 74.9 66.7 270.6 262.6

Surrenders, benefits, and product charges(1,172.5)(1,097.2)(1,175.2)(1,057.8)(1,059.5)(4,502.7)(3,957.0)

Net cash flow(1,117.4)(1,036.2)(1,095.6)(982.9)(992.8)(4,232.1)(3,694.4)

Interest credited and investment performance 2,297.2 2,009.3(167.0) 2,290.1 302.6 6,429.8 4,053.3

Balance as of end of period 44,788.2 43,608.4 42,635.2 43,897.8 42,590.6 44,788.2 42,590.6

End of period contracts in payout status 910.8 818.5 724.2 648.8 607.8 910.8 607.8

Total balance as of end of period* 45,699.0 44,426.9 43,359.4 44,546.6 43,198.4 45,699.0 43,198.4

Assets Under Management

General account 1,429.1 1,379.7 1,336.6 1,272.1 1,237.6 1,429.1 1,237.6

Separate account 44,269.9 43,047.2 42,022.6 43,274.5 41,960.8 44,269.9 41,960.8

Total* 45,699.0 44,426.9 43,359.4 44,546.6 43,198.4 45,699.0 43,198.4

*Includes products in accumulation and payout phase, Policy Loans, and Life Insurance Business

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Investment Information

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Portfolio Composition

Balances as of

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

(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 68,341.9 69,258.8 69,930.1 70,708.5 70,995.5

CLOs Adjustments (1) (43.0) (118.0) (119.6) (133.0) (84.1)

VOEs Adjustments (1) 18.9 30.6 32.9 47.4 (1.1)

Fixed maturities, available for sale, at fair value, after consolidation 68,317.8 78.4% 69,171.4 77.7% 69,843.4 78.0% 70,622.9 76.7% 70,910.3 74.2%

Fixed maturities, at fair value using the fair value option 2,935.3 3.4% 2,910.2 3.3% 2,771.6 3.1% 2,675.8 2.9% 2,771.3 2.8%

Equity securities, available for sale, at fair value 314.4 0.4% 279.6 0.3% 281.0 0.3% 282.3 0.3% 340.1 0.4%

Short-term investments 1,048.1 1.2% 2,547.3 2.8% 2,404.8 2.7% 2,404.8 3.2% 5,991.2 6.3%

Mortgage loans on real estate 9,312.2 10.7% 9,015.6 10.1% 8,929.1 10.0% 8,949.4 9.7% 8,662.3 9.1%

Policy loans 2,147.0 2.5% 2,147.5 2.4% 2,144.9 2.4% 2,204.4 2.4% 2,200.3 2.3%

Limited partnerships/corporations, before consolidation 890.4 984.3 1,024.0 1,036.7 1,031.0

VOEs Adjustments (1) (654.0) (594.3) (593.8) (568.2) (565.9)

Limited partnerships/corporations, after consolidation 236.4 0.3% 390.0 0.4% 430.2 0.5% 468.5 0.5% 465.1 0.5%

Derivatives 1,149.3 1.3% 1,087.4 1.3% 1,174.4 1.3% 2,077.0 2.3% 2,374.5 2.5%

Other investments 124.6 0.1% 145.7 0.2% 168.4 0.2% 166.7 0.2% 167.0 0.2%

Securities pledged to creditors 1,465.7 1.7% 1,312.6 1.5% 1,357.0 1.5% 1,774.7 1.8% 1,605.5 1.7%

Total investments, after consolidation 87,050.8 100.0% 89,007.3 100.0% 89,504.8 100.0% 92,213.8 100.0% 95,487.6 100.0%

Fixed Maturity Securities - Security Sector (2)

U.S. Government agencies and authorities 5,800.1 8.0% 6,336.4 8.6% 6,660.8 9.0% 6,467.0 8.6% 6,607.9 8.8%

U.S. Corporate - Public 32,033.7 44.0% 32,048.9 43.8% 31,643.8 42.8% 32,137.7 42.8% 31,597.4 41.9%

U.S. Corporate - Private 5,444.9 7.5% 5,362.3 7.3% 5,423.1 7.3% 5,622.2 7.5% 5,566.5 7.4%

Foreign Government / Agency 1,051.4 1.4% 1,057.5 1.4% 1,091.8 1.5% 1,156.1 1.5% 1,190.0 1.6%

Foreign Corporate - Public 7,044.1 9.7% 6,982.4 9.5% 6,572.7 8.9% 6,807.3 9.1% 6,476.7 8.6%

Foreign Corporate - Private 8,261.0 11.4% 8,149.1 11.1% 8,083.4 10.9% 8,146.6 10.9% 8,317.8 11.0%

State, municipalities and political subdivisions 281.1 0.4% 285.0 0.4% 292.5 0.4% 317.8 0.4% 352.8 0.5%

Residential mortgaged-backed securities: 0.0%

CMO-B Agency 2,945.5 4.0% 2,882.5 3.9% 2,706.0 3.7% 2,934.3 3.9% 3,066.4 4.1%

CMO-B Non-Agency 430.3 0.6% 449.0 0.6% 479.7 0.6% 540.5 0.7% 582.8 0.8%

Agency 2,881.9 4.0% 3,030.0 4.1% 3,336.1 4.5% 2,706.7 3.6% 2,779.7 3.7%

Non-Agency (3) 1,478.9 2.0% 1,587.8 2.2% 1,847.0 2.5% 1,997.0 2.7% 2,193.9 2.9%

Total Residential mortgage-backed securities 7,736.6 10.6% 7,949.3 10.8% 8,368.8 11.3% 8,178.5 10.9% 8,622.8 11.5%

Commercial mortgage-backed securities 3,752.1 5.2% 3,867.6 5.3% 4,425.9 6.0% 4,813.2 6.4% 4,946.4 6.6%

Other asset-backed securities (3) 1,313.8 1.8% 1,355.7 1.8% 1,409.2 1.9% 1,427.0 1.9% 1,608.8 2.1%

Total fixed maturities, including securities pledged 72,718.8 100.0% 73,394.2 100.0% 73,972.0 100.0% 75,073.4 100.0% 75,287.1 100.0%

Fixed Maturity Securities - Contractual Maturity Dates

Due to mature:

Due in one year or less 2,153.6 3.0% 2,423.9 3.3% 2,471.6 3.3% 3,021.8 4.0% 2,918.1 3.9%

Due after one year through five years 14,397.4 19.8% 16,036.2 21.8% 15,862.9 21.4% 15,205.4 20.3% 15,353.4 20.4%

Due after five years through ten years 21,303.4 29.3% 20,113.5 27.4% 19,928.2 26.9% 19,830.3 26.4% 19,179.7 25.5%

Due after ten years 22,061.9 30.3% 21,648.0 29.6% 21,505.4 29.2% 22,597.2 30.1% 22,657.9 30.1%

CMO-B 3,375.8 4.6% 3,331.5 4.5% 3,185.7 4.3% 3,474.8 4.6% 3,649.2 4.8%

Mortgage-backed securities 8,112.9 11.2% 8,485.4 11.6% 9,609.0 13.0% 9,516.9 12.7% 9,920.0 13.2%

Other asset-backed securities (3) 1,313.8 1.8% 1,355.7 1.8% 1,409.2 1.9% 1,427.0 1.9% 1,608.8 2.1%

Total fixed maturities, including securities pledged 72,718.8 100.0% 73,394.2 100.0% 73,972.0 100.0% 75,073.4 100.0% 75,287.1 100.0%

Fixed Maturity Securities - NAIC Quality Designation

NAIC Quality Designation

1 41,169.4 56.5% 41,616.0 56.7% 42,428.3 57.4% 42,710.2 56.9% 42,197.7 56.1%

2 28,555.4 39.3% 28,315.4 38.6% 27,962.2 37.8% 28,764.1 38.3% 29,245.1 38.9%

3 2,415.8 3.3% 2,735.2 3.7% 2,661.7 3.6% 2,605.5 3.5% 2,670.7 3.5%

4 329.5 0.5% 456.9 0.6% 551.3 0.7% 578.3 0.8% 699.8 0.9%

5 61.7 0.1% 78.2 0.1% 160.5 0.2% 186.0 0.2% 254.8 0.3%

6 187.0 0.3% 192.5 0.3% 208.0 0.3% 229.3 0.3% 219.0 0.3%

Total fixed maturities, including securities pledged (4) 72,718.8 100.0% 73,394.2 100.0% 73,972.0 100.0% 75,073.4 100.0% 75,287.1 100.0%

Fixed Maturity Securities - ARO Quality Rating

ARO Quality Rating

AAA 15,330.7 21.1% 15,856.2 21.6% 16,486.5 22.3% 16,047.9 21.4% 16,752.5 22.3%

AA 4,342.1 6.0% 4,518.3 6.2% 4,349.5 5.9% 4,338.0 5.8% 4,067.1 5.4%

A 19,793.6 27.2% 19,877.9 27.1% 19,702.3 26.6% 20,115.9 26.8% 19,414.6 25.8%

BBB 28,561.5 39.2% 28,383.4 38.6% 28,310.1 38.3% 29,205.9 38.9% 29,445.1 39.1%

BB 2,676.1 3.7% 2,682.6 3.7% 2,843.4 3.8% 2,877.3 3.8% 2,865.1 3.8%

B and below 2,014.8 2.8% 2,075.8 2.8% 2,280.2 3.1% 2,488.4 3.3% 2,742.7 3.6%

Total fixed maturities, including securities pledged 72,718.8 100.0% 73,394.2 100.0% 73,972.0 100.0% 75,073.4 100.0% 75,287.1 100.0%

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

(2) Fixed Maturity Securities includes fixed maturities,available for sale , fixed maturities at fair value using the fair value option and securities pledged to creditors. (3) Subprime asset-backed securities are included as a component of Non-Agency RMBS under this presentation.

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

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Portfolio Results

Three Months Ended Year to Date

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

(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) 839.4 4.98% 824.1 4.88% 831.0 5.02% 855.6 5.21% 854.6 5.23% 3,350.1 5.03% 3,515.4 5.48%

Equity securities 3.5 4.54% 3.4 4.96% 0.5 0.77% 2.6 3.72% 3.2 3.77% 10.0 3.52% 17.7 5.30%

Mortgage loans 114.2 5.18% 112.8 5.13% 113.6 5.24% 115.4 5.38% 114.0 5.42% 456.0 5.23% 475.6 5.51%

Limited partnerships 61.5 31.85% 116.1 60.40% 27.8 11.46% 23.2 9.37% 17.4 6.98% 228.6 26.30% 52.5 3.66%

Policy loans 29.2 5.58% 29.5 5.66% 29.7 5.69% 29.9 5.57% 30.0 5.60% 118.3 5.63% 121.5 5.65%

Dutch state obligation (Alt-A transaction)—0.00%—0.00%—0.00%—0.00% 1.6 0.91%—0.00% 14.1 1.01%

Short-term investments 0.8 0.16% 0.8 0.12% 1.0 0.17% 0.9 0.12% 1.5 0.10% 3.5 0.14% 5.4 0.12%

Derivatives (1)(6.8) N/A(2.2) N/A(9.0) N/A(11.9) N/A(13.9) N/A(29.9) N/A(56.2) N/A

Pre-payment fee income 25.9 0.12% 14.6 0.07% 25.7 0.12% 25.6 0.12% 17.9 0.08% 91.8 0.11% 69.5 0.08%

Other assets 8.3 N/A 23.6 N/A 3.3 N/A 3.5 N/A 11.0 N/A 38.7 N/A 23.1 N/A

Gross investment income before expenses and fees 1,076.0 5.28% 1,122.7 5.47% 1,023.6 5.07% 1,044.8 5.17% 1,037.3 4.94% 4,267.1 5.26% 4,238.6 5.11%

Expenses and fees(40.7) -0.20%(39.5) -0.19%(40.7) -0.21%(40.8) -0.21%(41.5) -0.20%(161.7) -0.20%(165.0) -0.20%

Total investment income and annualized yield 1,035.3 5.07% 1,083.2 5.28% 982.9 4.86% 1,004.0 4.96% 995.8 4.74% 4,105.4 5.06% 4,073.6 4.91%

Less: Closed Block Variable Annuity (CBVA) investment income net of expenses and

fees 29.5 28.8 20.9 18.4 17.2 97.6 52.7

Total investment income, excluding CBVA 1,005.8 1,054.4 962.0 985.6 978.6 4,007.8 4,020.9

Trading Gains/Losses

Fixed maturities 62.7 36.0 0.8 11.0 45.9 110.5 408.4

Equity securities—0.6(0.1) 0.2 2.4 0.7 4.2

Mortgage loans 0.1 0.2(0.2)—7.7 0.1 7.7

Other investments(3.2) 4.3(3.0) 1.6(21.9)(0.3)(21.9)

Total Trading Gains/Losses, excluding CBVA 59.6 41.1(2.5) 12.8 34.1 111.0 398.4

Impairments

Fixed maturities(13.1)(2.3)(5.4)(11.0)(20.2)(31.8)(43.8)

Equity securities -(1.2)(1.8) —(3.0) -

Mortgage loans — —(7.7) -(7.7)

Other investments -(0.7) — -(0.7)(1.4)

Total Impairments, excluding CBVA(13.1)(4.2)(7.2)(11.0)(27.9)(35.5)(52.9)

Fair Value Adjustments (2) 42.6 19.6(77.7)(10.2)(9.3)(25.7) 113.8

Derivatives, including Change in Fair Value of Derivatives related to

Guaranteed Benefits, excluding CBVA 15.5 17.8 114.6 58.1 22.9 206.0 210.0

Net Realized Investment Gains (losses) and Net Guaranteed Benefit

Hedging Gains (losses), excluding CBVA 104.6 74.3 27.2 49.7 19.8 255.8 669.3

CBVA Investment Income and Realized Capital Gains (Losses)(531.3)(434.2)(387.5)(758.0)(250.1)(2,111.0)(1,330.1)

Business Sold Through MODCO REINS (3)(12.3)(15.6)(62.7)(18.7)(6.9)(109.3) 32.3

Consolidation/eliminations (4) 12.7 25.6 7.3 65.3(70.2) 110.9 24.7

Total Investment Income and Realized Capital Gains (Losses) 579.5 704.5 546.3 323.9 671.2 2,154.2 3,417.1

(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

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

Retirement

Average alternative investments 264.8 267.1 260.0 256.0 292.2 262.0 523.1

Alternative investment income 12.6 7.5 8.4 7.9 0.9 36.4 43.2

Annuities

Average alternative investments 170.9 171.5 178.8 189.2 188.5 177.6 284.4

Alternative investment income 9.1 4.5 7.6 4.4 2.0 25.6 25.8

Investment Management

Average alternative investments 127.1 124.2 123.8 120.8 128.2 124.0 107.5

Alternative investment income 10.0 4.9 6.1 2.8 5.6 23.8 41.6

Individual Life

Average alternative investments 125.5 127.7 138.8 132.1 133.5 131.0 197.5

Alternative investment income 7.1 3.4 6.3 3.4 (0.3) 20.2 12.1

Employee Benefits

Average alternative investments 24.5 25.1 25.6 23.6 29.7 24.7 54.2

Alternative investment income 1.4 0.8 1.1 0.6 0.1 3.9 4.5

Total Ongoing Business

Average alternative investments 712.8 715.6 727.0 721.7 772.1 719.3 1,166.7

Alternative investment income 40.2 21.1 29.5 19.1 8.3 109.9 127.2

Corporate

Average alternative investments 101.6 95.8 95.5 98.1 101.8 97.8 95.5

Alternative investment income 7.2 4.8 (5.7) 2.7 5.1 9.0 23.4

Closed Blocks (1)

Average alternative investments 51.7 58.8 59.4 62.4 41.5 58.1 88.4

Alternative investment income 3.0 2.5 2.4 1.8 4.0 9.7 11.6

Total ING U.S.(2)

Average alternative investments 866.1 870.2 881.9 882.2 915.4 875.2 1,350.6

Alternative investment income 50.4 28.4 26.2 23.6 17.4 128.6 162.2

(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. (2) Alternative investment income excludes the net investment income from Lehman Recovery/LIHTC in the 12/31/13 and 9/30/13 periods and net loss on the sale of certain alternative investments during the 12/31/12 year-to-date period.

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Unrealized Gains (Losses)

(in millions USD)

Fixed Maturities, available for sale (including securities pledged)

Aging Schedule

Balances as of

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

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

Less than 20%(1,087.3) 95.7%(992.6) 92.9%(929.8) 92.7%(191.9) 71.3%(150.6) 51.4%

20% or more for less than six months(18.6) 1.6%(47.3) 4.4%(35.3) 3.5%(3.9) 1.5%(11.4) 3.9%

20% or more for six months or greater(30.6) 2.7%(29.1) 2.7%(38.2) 3.8%(73.0) 27.2%(130.7) 44.7%

Total Unrealized Loss(1,136.5) 100.0%(1,069.0) 100.0%(1,003.3) 100.0%(268.8) 100.0%(292.7) 100.0%

Total Unrealized Gain 4,301.8 4,594.2 4,919.9 7,336.0 8,155.7

Net Unrealized Gain/Loss 3,165.3 3,525.2 3,916.6 7,067.2 7,863.0

Fixed Maturities Securities—Security Sector—Net Unrealized

Gain/(Loss)*

US Treasuries and US government agencies and authorities 108.1 255.7 348.7 638.7 768.2

US Corporate—Public 1,173.7 1,238.2 1,458.9 3,116.0 3,592.5

US Corporate—Private 294.6 354.2 363.5 561.5 585.3

Foreign Government / Agency 7.4 11.9 11.0 84.0 120.6

Foreign Corporate—Public 228.2 202.9 207.4 559.7 640.8

Foreign Corporate—Private 459.5 509.1 503.6 793.1 831.9

State, municipalities, and political subdivisions 9.1 11.0 14.2 29.2 32.6

Residential mortgaged-backed securities:

CMO-B Agency 376.5 397.0 422.3 505.9 551.1

CMO-B Non-Agency 118.1 115.5 117.1 128.5 136.0

Agency(7.5) 13.1 7.9 55.8 67.4

Non-Agency 36.7 13.1 0.3 18.9(41.8)

Total Residential mortgage-backed securities 523.8 538.7 547.6 709.1 712.7

Commercial Mortgage-Backed Securities 324.2 358.3 411.3 511.8 507.5

Other Asset-Backed Securities* 36.7 45.2 50.4 64.1 70.9

Total Net Unrealized Gain/Loss 3,165.3 3,525.2 3,916.6 7,067.2 7,863.0

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

Page 55 of 70

ING U.S.

Asset Backed Securities

(in millions USD)

RMBS Balances by Collateral Type

Balances as of

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

Amortized Amortized Amortized Amortized Amortized

Fair Value Cost Fair Value Cost Fair Value Cost Fair Value Cost Fair Value Cost

Prime Agency 5,826.0 5,377.7 5,911.2 5,410.4 6,040.8 5,508.4 5,639.6 4,939.7 5,844.8 5,070.0

Prime / Non-Agency 933.7 786.5 1,021.6 872.1 1,148.9 1,000.6 1,300.0 1,116.1 1,399.4 1,215.3

Alt-A RMBS 353.5 307.4 358.8 326.0 376.3 344.6 402.0 365.2 411.3 389.2

Subprime Mortgage-Backed Securities 623.4 614.7 657.7 657.5 802.8 806.5 836.9 836.3 967.3 998.0

Total 7,736.6 7,086.3 7,949.3 7,266.0 8,368.8 7,660.1 8,178.5 7,257.3 8,622.8 7,672.5

CMBS Balances by Year of Origination

Balances as of

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

Amortized Amortized Amortized Amortized Amortized

Fair Value Cost Fair Value Cost Fair Value Cost Fair Value Cost Fair Value Cost

2013 197.2 200.4 — — — —

2012 8.8 8.9 — — — —

2008 11.4 9.3 11.5 9.3 11.4 9.2 11.8 9.4 12.9 11.1

2007 1,148.1 1,017.8 1,264.7 1,123.6 1,636.3 1,457.6 1,810.3 1,583.0 1,850.3 1,636.8

2006 1,252.7 1,127.4 1,338.8 1,201.6 1,390.0 1,247.1 1,475.7 1,300.7 1,493.7 1,315.8

2005 and prior 1,133.9 1,064.1 1,252.6 1,174.8 1,388.2 1,300.7 1,515.4 1,408.3 1,589.5 1,475.2

Total 3,752.1 3,427.9 3,867.6 3,509.3 4,425.9 4,014.6 4,813.2 4,301.4 4,946.4 4,438.9

Other ABS Balances by Loan

Classification

Balances as of

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

Amortized Amortized Amortized Amortized Amortized

Fair Value Cost Fair Value Cost Fair Value Cost Fair Value Cost Fair Value Cost

Credit Card Receivables 558.1 538.5 552.8 529.4 564.1 538.5 591.5 558.0 651.7 614.8

Automobile Receivables 447.9 447.1 471.3 470.2 500.1 498.9 471.1 468.1 535.2 531.1

CLO’s * 41.7 36.6 49.5 48.9 49.1 48.4 53.6 53.8 66.1 68.0

Other 266.1 254.9 282.1 268.8 295.9 280.3 310.8 291.0 355.8 334.2

Total 1,313.8 1,277.1 1,355.7 1,317.3 1,409.2 1,366.1 1,427.0 1,370.9 1,608.8 1,548.1

* 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 December 31, 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 5,810.9 5,360.5 647.1 580.9 273.9 238.9 474.9 444.3 7,206.8 6,624.6

2 — 38.4 37.3 38.1 33.3 99.5 115.0 176.0 185.6

3 8.8 10.9 46.8 45.4 23.5 23.0 26.9 30.9 106.0 110.2

4 6.3 6.3 3.3 0.9 15.2 9.4 14.9 18.0 39.7 34.6

5 — 50.7 35.9 — 5.3 3.4 56.0 39.3

6 — 147.4 86.1 2.8 2.8 1.9 3.1 152.1 92.0

Total by rating 5,826.0 5,377.7 933.7 786.5 353.5 307.4 623.4 614.7 7,736.6 7,086.3

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

Securities

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

AAA 5,789.5 5,337.6 11.8 11.4 0.2 0.2 1.9 1.9 5,803.4 5,351.1

AA 3.1 3.1 32.4 30.3 — 7.2 7.1 42.7 40.5

A — 39.5 37.3 5.2 4.8 33.8 34.6 78.5 76.7

BBB — 130.5 125.8 13.8 14.1 44.7 46.2 189.0 186.1

BB 8.9 10.9 70.0 65.5 17.7 17.6 57.4 62.4 154.0 156.4

B and below 24.5 26.1 649.5 516.2 316.6 270.7 478.4 462.5 1,469.0 1,275.5

Total by rating 5,826.0 5,377.7 933.7 786.5 353.5 307.4 623.4 614.7 7,736.6 7,086.3

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 601.1 610.1 — — — 601.1 610.1

2012 762.1 784.4 — — — 762.1 784.4

2011 1,046.0 1,050.1 — — — 1,046.0 1,050.1

2010 818.8 809.7 27.3 26.3 — — 846.1 836.0

2009 352.9 346.7 11.0 11.1 — — 363.9 357.8

2008 203.0 190.5 — — — 203.0 190.5

2007 416.6 379.4 143.6 132.8 77.4 67.6 182.0 171.7 819.6 751.5

2006 464.6 349.4 229.3 155.7 93.7 68.3 149.6 138.9 937.2 712.3

2005 and prior 1,160.9 857.4 522.5 460.6 182.4 171.5 291.8 304.1 2,157.6 1,793.6

Total by origination year 5,826.0 5,377.7 933.7 786.5 353.5 307.4 623.4 614.7 7,736.6 7,086.3

* 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 December 31, 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

2013 197.2 200.4 — — — — — 197.2 200.4

2012 8.8 8.9 — — — — — 8.8 8.9

2008 — — — 11.4 9.3 — — 11.4 9.3

2007 47.9 45.0 371.7 337.1 152.2 137.6 201.0 165.6 222.5 206.8 152.8 125.7 1,148.1 1,017.8

2006 566.8 525.8 187.6 172.0 152.8 139.0 201.4 180.5 91.6 68.2 52.5 41.9 1,252.7 1,127.4

2005 and prior 731.6 704.5 168.2 158.8 121.9 113.9 62.2 55.3 36.7 25.8 13.3 5.8 1,133.9 1,064.1

Total by origination year 1,552.3 1,484.6 727.5 667.9 426.9 390.5 476.0 410.7 350.8 300.8 218.6 173.4 3,752.1 3,427.9

Other Asset-Backed Securities*

By Rating and Classification

As of December 31, 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 536.2 517.6 447.9 447.1 12.3 10.9 235.1 225.6 1,231.5 1,201.2

AA — — 21.0 18.6 1.9 2.5 22.9 21.1

A 21.9 20.9 — 8.4 7.1 15.0 15.4 45.3 43.4

BBB — — — 11.3 10.6 11.3 10.6

BB — — — 0.6 0.6 0.6 0.6

B and below — — — 2.2 0.2 2.2 0.2

Total by rating 558.1 538.5 447.9 447.1 41.7 36.6 266.1 254.9 1,313.8 1,277.1

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

1 558.1 538.5 447.9 447.1 41.7 36.6 252.0 243.5 1,299.7 1,265.7

2 — — — 11.3 10.6 11.3 10.6

3 — — — 0.6 0.6 0.6 0.6

4 — — — — —

5 — — — — —

6 — — — 2.2 0.2 2.2 0.2

Total by rating 558.1 538.5 447.9 447.1 41.7 36.6 266.1 254.9 1,313.8 1,277.1

* 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

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

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

Pacific 2,281.8 24.5% 2,054.5 22.7% 2,090.2 23.3% 2,025.5 22.7% 1,973.9 22.8%

South Atlantic 1,936.0 20.8% 1,851.4 20.5% 1,706.6 19.1% 1,725.9 19.3% 1,687.6 19.4%

Middle Atlantic 1,112.0 11.9% 1,107.2 12.3% 1,142.8 12.8% 1,000.5 11.2% 1,059.5 12.2%

East North Central 1,037.5 11.1% 962.7 10.7% 1,006.7 11.3% 1,020.1 11.4% 962.8 11.1%

West South Central 1,122.3 12.0% 1,232.9 13.7% 1,246.3 14.0% 1,301.6 14.5% 1,176.3 13.6%

Mountain 790.4 8.5% 749.7 8.3% 711.1 8.0% 711.1 8.9% 718.2 8.3%

West North Central 517.2 5.6% 519.4 5.8% 502.7 5.6% 535.0 6.0% 537.5 6.2%

New England 318.1 3.4% 318.9 3.5% 322.1 3.6% 334.8 3.7% 334.6 3.9%

East South Central 200.7 2.2% 222.9 2.5% 204.7 2.3% 209.0 2.3% 215.8 2.5%

Total Commercial Mortgage Loans (1) 9,316.0 100.0% 9,019.6 100.0% 8,933.2 100.0% 8,953.3 100.0% 8,666.2 100.0%

Property Type

Industrial 2,848.0 30.6% 2,998.0 33.3% 3,183.5 35.7% 3,385.2 37.7% 3,361.5 38.8%

Retail 2,936.9 31.5% 2,795.9 31.0% 2,653.1 29.7% 2,609.9 29.2% 2,350.2 27.1%

Office 1,242.2 13.3% 1,243.3 13.8% 1,280.9 14.3% 1,243.3 13.9% 1,284.7 14.8%

Apartments 1,296.1 13.9% 1,048.6 11.6% 994.1 11.1% 935.8 10.5% 952.1 11.0%

Hotel/Motel 430.6 4.6% 364.1 4.0% 323.3 3.6% 324.1 3.6% 280.6 3.2%

Other 378.1 4.1% 382.3 4.2% 341.0 3.8% 353.9 4.0% 363.1 4.2%

Mixed Use 184.1 2.0% 187.4 2.1% 157.3 1.8% 101.1 1.1% 74.0 0.9%

Total Commercial Mortgage Loans (1) 9,316.0 100.0% 9,019.6 100.0% 8,933.2 100.0% 8,953.3 100.0% 8,666.2 100.0%

Loan Size

Under $5 million 1,516.5 16.3% 1,546.5 17.1% 1,607.7 18.0% 1,662.9 18.6% 1,683.0 19.4%

$5 million but less than $10 million 1,582.2 17.0% 1,548.9 17.2% 1,601.5 17.9% 1,694.8 18.9% 1,641.1 18.9%

$10 million but less than $20 million 1,899.5 20.4% 1,746.6 19.4% 1,725.0 19.3% 1,639.0 18.3% 1,578.6 18.2%

$20 million but less than $30 million 1,077.7 11.6% 1,045.0 11.6% 1,085.7 12.2% 966.1 10.8% 753.2 8.7%

$30 million and over 3,240.1 34.7% 3,132.6 34.7% 2,913.3 32.6% 2,990.5 33.4% 3,010.3 34.8%

Total Commercial Mortgage Loans (1) 9,316.0 100.0% 9,019.6 100.0% 8,933.2 100.0% 8,953.3 100.0% 8,666.2 100.0%

Other Stats as ratios

LTV—Origination 59.0% 58.8% 58.5% 58.1% 57.7%

LTV—Current 55.5% 56.1% 55.5% 55.3% 55.0%

Debt Service Coverage 2.0 1.9 1.9 1.9 2.0

Other Stats in USD millions

60+day delinq (incl in process of foreclosure)

US GAAP Book Value 5.1 5.1 9.0 9.0 9.0

Allowance for loan losses 3.8 4.0 4.1 3.9 3.9

(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

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

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

Type Industry

Communications 3,835.1 9.8% 3,849.3 9.9% 3,893.5 10.2% 4,056.8 10.4% 3,670.9 9.6%

Financial 6,177.7 15.8% 5,950.3 15.2% 5,629.2 14.7% 5,826.4 15.0% 5,579.5 14.7%

Industrial and other companies 21,556.7 55.1% 21,770.6 55.8% 21,014.9 55.0% 21,203.8 54.4% 21,065.0 55.4%

Public Utilities 6,472.2 16.6% 6,439.4 16.5% 6,641.3 17.4% 6,813.6 17.5% 6,718.7 17.6%

Transportation 1,036.1 2.7% 1,021.7 2.6% 1,037.6 2.7% 1,044.4 2.7% 1,040.0 2.7%

Sub-total 39,077.8 100.0% 39,031.3 100.0% 38,216.5 100.0% 38,945.0 100.0% 38,074.1 100.0%

Communications 400.7 2.9% 405.2 3.0% 426.2 3.2% 491.2 3.6% 499.6 3.6%

Financial 957.0 7.0% 948.2 7.0% 918.6 6.8% 917.0 6.7% 1,036.1 7.5%

Industrial and other companies 8,706.4 63.6% 8,741.8 64.7% 8,660.6 64.0% 8,511.4 61.7% 8,587.4 61.8%

Private Utilities 3,156.2 23.0% 2,926.5 21.7% 3,006.5 22.3% 3,302.1 24.0% 3,356.0 24.2%

Transportation 485.6 3.5% 489.7 3.6% 494.6 3.7% 547.1 4.0% 405.2 2.9%

Sub-total 13,705.9 100.0% 13,511.4 100.0% 13,506.5 100.0% 13,768.8 100.0% 13,884.3 100.0%

Communications 4,235.8 8.0% 4,254.5 8.1% 4,319.7 8.4% 4,548.0 8.6% 4,170.5 8.0%

Financial 7,134.7 13.5% 6,898.5 13.1% 6,547.8 12.7% 6,743.4 12.8% 6,615.6 12.7%

Industrial and other companies 30,263.1 57.4% 30,512.4 58.1% 29,675.5 57.3% 29,715.2 56.4% 29,652.4 57.1%

Total Utilities 9,628.4 18.2% 9,365.9 17.8% 9,647.8 18.6% 10,115.7 19.2% 10,074.7 19.4%

Transportation 1,521.7 2.9% 1,511.4 2.9% 1,532.2 3.0% 1,591.5 3.0% 1,445.2 2.8%

Total 52,783.7 100.0% 52,542.7 100.0% 51,723.0 100.0% 52,713.8 100.0% 51,958.4 100.0%

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 Decembeer 31, 2013 Fair Value% of Total Fair Value% of Total Fair Value% of Total Fair Value% of Total Amortized Cost% of Total

Ireland—0.0% 5.0 0.6% 308.3 4.2% 313.3 3.7% 299.5 3.7%

Italy—0.0%—0.0% 268.1 3.6% 268.1 3.1% 253.5 3.1%

Portugal—0.0%—0.0% 10.1 0.1% 10.1 0.1% 7.7 0.1%

Spain—0.0%—0.0% 242.8 3.3% 242.8 2.8% 230.3 2.8%

Total Peripheral Euro-Zone—0.0% 5.0 0.6% 829.3 11.2% 834.3 9.7% 791.0 9.7%

Austria—0.0%—0.0% 15.8 0.2% 15.8 0.2% 15.0 0.2%

Belgium 36.1 12.9%—0.0% 340.5 4.6% 376.6 4.4% 331.6 4.1%

Bulgaria 5.8 2.1%—0.0%—0.0% 5.8 0.1% 5.7 0.1%

Croatia 27.4 9.8%—0.0%—0.0% 27.4 0.3% 25.6 0.3%

Czech Republic—0.0%—0.0% 9.9 0.1% 9.9 0.1% 10.1 0.1%

Denmark—0.0% 10.6 1.2% 121.5 1.6% 132.1 1.5% 124.0 1.5%

Finland—0.0%—0.0% 41.9 0.6% 41.9 0.5% 40.0 0.5%

France—0.0% 124.0 13.8% 448.6 6.1% 572.6 6.7% 542.0 6.7%

Germany—0.0% 52.7 5.9% 586.2 7.9% 638.9 7.5% 602.9 7.4%

Hungary 6.2 2.2%—0.0%—0.0% 6.2 0.1% 5.9 0.1%

Iceland—0.0%—0.0%—0.0%—0.0%—0.0%

Kazakhstan 57.6 20.6%—0.0% 6.7 0.1% 64.3 0.8% 60.7 0.7%

Latvia 4.9 1.8%—0.0%—0.0% 4.9 0.1% 4.6 0.1%

Lithuania 33.1 11.8%—0.0%—0.0% 33.1 0.4% 30.5 0.4%

Luxembourg—0.0%—0.0% 24.7 0.3% 24.7 0.3% 23.4 0.3%

Netherlands—0.0% 179.2 19.9% 1,079.0 14.7% 1,258.2 14.6% 1,185.0 14.5%

Norway—0.0% 3.4 0.4% 275.8 3.7% 279.2 3.3% 281.5 3.5%

Russian Federation 82.6 29.4%—0.0% 95.6 1.3% 178.2 2.1% 167.7 2.1%

Slovakia 5.2 1.9%—0.0%—0.0% 5.2 0.1% 5.0 0.1%

Slovenia—0.0%—0.0%—0.0%—0.0%—0.0%

Sweden—0.0% 42.4 4.7% 124.5 1.7% 166.9 2.0% 153.6 1.9%

Switzerland—0.0% 148.8 16.6% 531.6 7.2% 680.4 8.0% 637.1 7.9%

Turkey 21.1 7.5%—0.0% 41.0 0.6% 62.0 0.7% 65.5 0.8%

United Kingdom—0.0% 332.3 36.9% 2,806.4 38.1% 3,138.7 36.5% 3,004.8 36.9%

Total Non-Peripheral Europe 280.0 100.0% 893.4 99.4% 6,549.6 88.8% 7,723.0 90.3% 7,322.3 90.3%

Total Europe 280.0 100.0% 898.4 100.0% 7,378.9 100.0% 8,557.3 100.0% 8,113.3 100.0%

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

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

DAC/VOBA and other intangibles unlocking (1)

Retirement 4.0 40.0(1.4) 3.0(8.9) 45.6 5.8

Annuities 26.8 39.6 9.9 7.0(44.4) 83.3(86.2)

Total Retirement Solutions 30.8 79.6 8.5 10.0(53.3) 128.9(80.4)

Investment Management — — — -

Individual Life(7.8) 20.2(4.9)(2.7) 4.6 4.8 3.4

Employee Benefits(0.5) — —(0.5) -

Total Insurance Solutions(8.3) 20.2(4.9)(2.7) 4.6 4.3 3.4

Ongoing Business 22.5 99.8 3.6 7.3(48.7) 133.2(77.0)

Corporate — — — -

Total Closed Blocks — — — -

Total DAC/VOBA and other intangibles unlocking 22.5 99.8 3.6 7.3(48.7) 133.2(77.0)

Additional adjustments (2)

Retirement 0.2 12.7 ——12.9(31.3)

Annuities 0.8 12.7 ——13.5(11.2)

Total Retirement Solutions 1.0 25.4 ——26.4(42.5)

Investment Management 1.7 11.5 ——13.2 2.2

Individual Life 3.1 36.6 ——39.7 14.8

Employee Benefits 0.3 4.0 ——4.3 0.1

Total Insurance Solutions 3.4 40.6 ——44.0 14.9

Ongoing Business 6.1 77.5 ——83.6(25.4)

Corporate(43.8)(47.6)(43.2)(41.9)(39.2)(176.5)(127.8)

Total Closed Blocks(0.4) 0.6 ——0.2(5.8)

Total non-recurring items and interest expense(38.1) 30.5(43.2)(41.9)(39.2)(92.7)(159.0)

Total adjustments to operating earnings

Retirement 4.2 52.7(1.4) 3.0(8.9) 58.5(25.5)

Annuities 27.6 52.3 9.9 7.0(44.4) 96.8(97.4)

Total Retirement Solutions 31.8 105.0 8.5 10.0(53.3) 155.3(122.9)

Investment Management 1.7 11.5 ——13.2 2.2

Individual Life(4.7) 56.8(4.9)(2.7) 4.6 44.5 18.2

Employee Benefits(0.2) 4.0 ——3.8 0.1

Total Insurance Solutions(4.9) 60.8(4.9)(2.7) 4.6 48.3 18.3

Ongoing Business 28.6 177.3 3.6 7.3(48.7) 216.8(102.4)

Corporate(43.8)(47.6)(43.2)(41.9)(39.2)(176.5)(127.8)

Total Closed Blocks(0.4) 0.6 ——0.2(5.8)

Total adjustments to operating earnings(15.6) 130.3(39.6)(34.6)(87.9) 40.5(236.0)

(1) DAC/VOBA and other intangibles unlocking excludes unlocking on net investment income

from Lehman Recovery/LIHTC

(2) Additional adjustments include impact of portfolio restructuring, interest expenses, and the

Net gain from Lehman Recovery/LIHTC

Page 63 of 70

ING U.S.

Average Capital and Financial Leverage

Balances as of

(in millions USD, unless otherwise indicated) 12/31/13 12/31/12

ING U.S., Inc. Shareholders’ Equity 13,272.2 13,874.9

AOCI 1,849.1 3,710.7

ING U.S., Inc. Shareholders’ Equity, excluding AOCI 11,423.1 10,164.2

Financial Leverage (1) 3,514.7 3,808.3

Total Capital 14,937.8 13,972.5

Financial Leverage to Total Capital 23.5% 27.3%

Average Capital (average for period) 14,455.2 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) 12/31/13 12/31/12

Short-term Debt—1,064.6

Long-term Debt 3,514.7 3,171.1

Total Debt 3,514.7 4,235.7

Less: operating leverage -(688.5)

Plus: loans from subsidiaries—261.1

Financial Leverage 3,514.7 3,808.3

Page 64 of 70

ING U.S.

Operating Revenues by Segment

Three Months Ended Year-to-Date

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

Retirement 612.4 606.9 596.9 583.2 570.5 2,399.4 2,271.9

Annuities 313.9 319.1 304.0 307.6 317.4 1,244.6 1,307.0

Total Retirement Solutions 926.3 926.0 900.9 890.8 887.9 3,644.0 3,578.9

Investment Management 167.1 160.1 148.6 131.9 142.5 607.7 545.5

Individual Life 692.9 717.1 694.8 687.1 694.2 2,791.9 2,793.9

Employee Benefits 316.5 316.2 311.7 318.1 313.6 1,262.5 1,251.2

Total Insurance Solutions 1,009.4 1,033.3 1,006.5 1,005.2 1,007.8 4,054.4 4,045.1

Ongoing Business 2,102.8 2,119.4 2,056.0 2,027.9 2,038.2 8,306.1 8,169.5

Corporate 33.6 28.8 7.9 17.1 19.2 87.4 65.9

Total Closed Blocks 27.0 30.7 33.6 45.5 38.2 136.8 171.0

Total operating revenues 2,163.4 2,178.9 2,097.5 2,090.5 2,095.6 8,530.3 8,406.4

Adjustments:

Closed Block Variable Annuity(155.8)(66.1)(60.3)(444.0) 68.1(726.2)(70.0)

Net realized investment gains (losses) and

related charges and adjustments 129.1 39.8(41.9) 30.4 49.5 157.4 603.4

Gain (loss) on change in fair value of derivatives

related to guaranteed benefits(21.8) 35.1 70.1 20.6(29.5) 104.0 83.1

Revenues related to business exited through

reinsurance or divestment(5.4)(2.9)(55.8)(12.1) 1.1(76.2) 64.6

Revenues (loss) attributable to noncontrolling interests 157.1 152.9 60.9 40.3(34.0) 411.2 313.8

Other adjustments to operating revenues* 97.4 97.6 70.1 92.9 53.0 358.0 214.0

Total revenue 2,364.0 2,435.3 2,140.6 1,818.6 2,203.8 8,758.5 9,615.3

* 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

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

Investment spread and other investment income:

Net investment income and net realized gains (losses)

Retirement 397.4 394.5 388.8 388.9 380.1 1,569.6 1,499.9

Annuities 283.4 295.9 283.5 287.1 298.4 1,149.9 1,223.3

Investment Management 11.7 16.4 6.1 2.8 5.6 37.0 41.6

Individual Life 224.5 258.7 215.4 216.9 213.1 915.5 913.8

Employee Benefits 29.2 32.1 27.9 28.4 27.0 117.6 114.3

Total net investment income and net realized gains (losses) 946.2 997.6 921.7 924.1 924.2 3,789.6 3,792.9

Total Ongoing Business 946.2 997.6 921.7 924.1 924.2 3,789.6 3,792.9

Adjustments:

Interest credited(553.7)(553.8)(551.3)(552.2)(567.1)(2,211.0)(2,298.0)

Other(7.8)(6.4)(9.4)(8.2)(14.7)(31.8)(65.9)

Total adjustments(561.5)(560.2)(560.7)(560.4)(581.8)(2,242.8)(2,363.9)

Ongoing investment spread and other investment income 384.7 437.4 361.0 363.7 342.4 1,546.8 1,429.0

Fee based margin:

Fee income

Retirement 196.1 191.0 189.0 183.8 182.7 759.9 715.0

Annuities 12.2 11.8 11.2 9.9 10.4 45.1 35.5

Investment Management 141.4 135.4 132.3 121.7 122.6 530.8 474.7

Individual Life 278.5 278.4 280.0 276.8 282.0 1,113.7 1,115.7

Employee Benefits 15.9 15.5 15.8 15.8 15.9 63.0 62.5

Total Fee Income 644.1 632.1 628.3 608.0 613.6 2,512.5 2,403.4

Other revenue

Retirement 18.2 20.7 15.3 10.0 6.8 64.2 52.1

Annuities 3.9 3.9 2.6 2.8 2.3 13.2 12.3

Investment Management 14.0 8.3 10.2 7.4 14.3 39.9 29.2

Individual Life 4.6 5.3 7.3 7.6 7.4 24.8 26.6

Employee Benefits(1.0)(1.0)(1.0)(1.0)(0.9)(4.0)(3.7)

Total other revenue 39.7 37.2 34.4 26.8 29.9 138.1 116.5

Total Ongoing Business 683.8 669.3 662.7 634.8 643.5 2,650.6 2,519.9

Adjustments:

Surrender fees and MVA charges(6.5)(10.6)(11.3)(1.5) 2.8(29.9)(22.7)

Insurance Solutions FAS 97 fees and unearned revenue reserve amortization/unlocking(288.9)(288.3)(288.7)(285.6)(291.0)(1,151.5)(1,149.7)

Other 0.3(0.7) 1.5(4.1)(5.3)(3.0)(10.0)

Total adjustments(295.1)(299.6)(298.5)(291.2)(293.5)(1,184.4)(1,182.4)

Ongoing fee based margin 388.7 369.7 364.2 343.6 350.0 1,466.2 1,337.5

Page 66 of 70

ING U.S.

Ongoing Business Sources of Earnings Reconciliation

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

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

Net underwriting gain (loss) and other revenue:

Premiums

Retirement 0.7 0.7 3.8 0.5 0.9 5.7 4.9

Annuities 14.4 7.5 6.7 7.8 6.3 36.4 35.9

Investment Management — — — -

Individual Life 185.3 174.7 192.1 185.8 191.7 737.9 737.8

Employee Benefits 272.4 269.6 269.0 274.9 271.6 1,085.9 1,078.1

Total premiums 472.8 452.5 471.6 469.0 470.5 1,865.9 1,856.7

Interest credited and other policyholder benefits

Retirement(218.2)(213.5)(212.1)(204.6)(212.9)(848.4)(842.2)

Annuities(180.4)(182.2)(183.9)(184.4)(192.3)(730.9)(854.1)

Investment Management — — — -

Individual Life(518.8)(468.7)(512.4)(501.6)(489.1)(2,001.5)(2,034.4)

Employee Benefits(223.9)(223.7)(213.2)(242.6)(220.9)(903.4)(892.1)

Total interest credited and other policyholder benefits(1,141.3)(1,088.1)(1,121.6)(1,133.2)(1,115.2)(4,484.2)(4,622.8)

Total Ongoing Business(668.5)(635.6)(650.0)(664.2)(644.7)(2,618.3)(2,766.1)

Adjustments:

Interest credited 553.7 553.8 551.3 552.2 567.1 2,211.0 2,298.0

Surrender fees and MVA charges 6.5 10.6 11.3 1.5(2.8) 29.9 22.7

Insurance Solutions FAS 97 fees and unearned revenue reserve amortization/unlocking 289.6 297.8 287.2 284.9 293.9 1,159.5 1,172.6

Sales inducements amortization and unlocking 6.4 6.1 12.0 10.1 11.7 34.6 49.7

FAS 113 and SOP 03-1 amortization and unlocking 6.6(23.1) 7.2 6.4 2.3(2.9) 23.7

Other(13.6)(10.7)(14.9)(11.0)(5.4)(50.2)(5.8)

Total adjustments 849.2 834.5 854.1 844.1 866.8 3,381.9 3,560.9

Ongoing net underwriting gain (loss) and other revenue 180.7 198.9 204.1 179.9 222.1 763.6 794.8

Page 67 of 70

ING U.S.

Ongoing Business Sources of Earnings Reconciliation

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

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

Administrative expenses and trail commissions:

Operating and interest expense

Retirement(220.1)(205.8)(210.0)(204.0)(204.7)(839.9)(826.1)

Annuities(32.1)(31.7)(32.2)(31.0)(30.4)(127.0)(125.2)

Investment Management(114.2)(106.1)(107.5)(101.8)(111.3)(429.6)(411.0)

Individual Life(88.9)(83.9)(94.8)(91.8)(102.8)(359.4)(401.0)

Employee Benefits(57.1)(58.5)(60.5)(60.0)(60.7)(236.1)(236.2)

Total administrative expenses and trail commissions(512.4)(486.0)(505.0)(488.6)(509.9)(1,992.0)(1,999.5)

Total Ongoing Business(512.4)(486.0)(505.0)(488.6)(509.9)(1,992.0)(1,999.5)

Adjustments:

Other 21.9 17.9 22.9 22.2 24.6 84.9 81.3

Total adjustments 21.9 17.9 22.9 22.2 24.6 84.9 81.3

Ongoing administrative expenses and trail commissions(490.5)(468.1)(482.1)(466.4)(485.3)(1,907.1)(1,918.2)

DAC/VOBA and other intangibles amortization and unlocking:

Net amortization of DAC/VOBA

Retirement(35.5)(0.3)(42.7)(36.8)(44.7)(115.3)(155.0)

Annuities(18.2)(8.4)(28.4)(37.9)(88.4)(92.9)(225.5)

Investment Management — — — -

Individual Life(38.2)(47.5)(47.6)(42.9)(47.7)(176.2)(162.3)

Employee Benefits(5.0)(4.9)(3.9)(3.1)(3.4)(16.9)(13.5)

Total net amortization of DAC/VOBA(96.9)(61.1)(122.6)(120.7)(184.2)(401.3)(556.3)

Total Ongoing Business(96.9)(61.1)(122.6)(120.7)(184.2)(401.3)(556.3)

Adjustments

Sales inducements amortization and unlocking(6.4)(6.1)(12.0)(10.1)(11.7)(34.6)(49.7)

FAS 113 and SOP 03-1 amortization and unlocking(6.6) 23.1(7.2)(6.4)(2.3) 2.9(23.7)

Unearned revenue reserve amortization and unlocking(0.7)(9.5) 1.5 0.7(2.9)(8.0)(22.9)

Other(0.8)(0.1)(0.1) 1.1 0.8 0.1 0.4

Total adjustments(14.5) 7.4(17.8)(14.7)(16.1)(39.6)(95.9)

Ongoing DAC/VOBA and other intangibles amortization and unlocking(111.4)(53.7)(140.4)(135.4)(200.3)(440.9)(652.2)

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

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

Fixed Maturity Securities—Hannover Life Re Modco Reinsurance

Security Sector

U.S. Government agencies and authorities 73.9 52.1 87.1 22.5 41.9

U.S. Corporate—Public 838.8 861.2 896.6 782.1 798.7

Foreign Government / Agency—3.4 3.4 3.5 2.0

Foreign Corporate—Public 132.6 137.8 138.5 144.0 144.2

State, municipalities and political subdivisions 102.6 104.1 108.2 118.3 119.4

Residential mortgaged-backed securities:

Agency 90.2 97.2 107.9 124.4 133.4

Non—Agency 1.1 1.2 1.5 1.8 2.2

Total Residential mortgage-backed securities 91.3 98.4 109.4 126.2 135.6

Commercial mortgage-backed securities 91.4 94.3 100.3 108.0 114.7

Other asset-backed securities 18.1 18.5 19.0 22.2 25.8

Total fixed maturities, including securities pledged 1,348.7 1,369.8 1,462.5 1,326.8 1,382.3

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)

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