NOTE CONCERNING FORWARD-LOOKING STATEMENTS
This Annual report on form 10-ok, such as “threat elements,” “management’s discussion and analysis of financial situation and consequences of Operations,” and “commercial enterprise,” carries ahead-searching statements inside the that means of the non-public Securities Litigation Reform Act of 1995. ahead-looking statements include statements regarding destiny tendencies in our business or expectations for our destiny economic performance and any announcement now not regarding a historical reality. forward-looking statements use phrases consisting of “anticipate,” “agree with,” “estimate,”“anticipate,” “intend,” “plan,” and different phrases and phrases of similar that means in connection with a dialogue of future running or financial performance. actual effects, overall performance or events may also fluctuate materially from the ones projected in any ahead-looking declaration due to, among different things, (i) general economic situations, specifically monetary conditions in our middle markets, (ii) performance of economic markets, such as emerging markets, (iii) the frequency and severity of insured loss occasions, (iv) mortality and morbidity degrees, (v) persistency and lapse tiers, (vi) hobby prices, (vii) currency trading charges, (viii) general competitive elements, (ix) changes in legal guidelines and policies, (x) adjustments within the rules of governments and/or regulatory authorities and (xi) other factors defined in the phase “object 1A. risk factors.” The risks included here are not exhaustive. current reviews on form eight-ok and other files filed with the Securities and change commission (“SEC”) encompass additional elements that could affect our companies and monetary performance. furthermore, we perform in a hastily changing and aggressive surroundings. New chance elements emerge from time to time, and it is not viable for control to predict all such threat factors.
Our Retirement phase assets our marketplace phase management positions inside the retirement industry from marketplace surveys performed through LIMRA, an coverage and monetary offerings enterprise company, and enterprise-identified guides which include Pensions & Investments , PlanSponsor magazine and InvestmentNews.com. Retirement tracks marketplace section leadership positions by way of belongings beneath management (“AUM”) or property under management (“AUA”), number of described contribution plans, range of described contribution plan contributors and sales (takeover assets and contributions)
Our funding management phase assets our market section leadership positions in the funding control enterprise from Morningstar fund data and industry-identified guides such as Cogent research and Pension & Investments. funding management tracks marketplace phase management positions with the aid of AUM; and by using benchmark or peer median metrics, which as provided measure each funding product based on (i) rank above the median of its peer category within Morningstar (mutual finances) or eVestment (institutional composites) for unconstrained and completely-lively investment merchandise; or (ii) outperformance in opposition to its benchmark index for “index like”, guidelines based, chance-limited, or purchaser-precise investment products.
Individual Life .
Our man or woman existence section resources our marketplace segment leadership positions in the person life insurance enterprise generally from LIMRA market surveys . character lifestyles tracks market section leadership positions by using premiums.
Eorker benefits .
Our worker benefits segment sources our marketplace section leadership positions within the worker benefits industry from LIMRA marketplace surveys and MyHealthguide e-newsletter ratings . forestall loss marketplace rankings are derived from MyHealthguide , which does now not encompass maximum managed healthcare vendors of their marketplace positions survey. The MyHealthguide survey is a routine e-book that compiles a rating of forestall loss providers and their maximum currently sourced annual premium records. worker advantages tracks marketplace segment management positions by means of new charges and in-force rates.
Our Retirement answers commercial enterprise affords its services and products via reporting segments: Retirement and Annuities. Retirement is targeted on meeting the needs of individuals in preparing for and sustaining a at ease retirement thru organisation-backed plans and offerings, as well as through person account rollover plans and complete monetary product services and advisory offerings. Our Annuities section offers fixed, indexed and payout annuities and mutual fund custodial money owed for pre-retirement wealth accumulation and put up-retirement income control, sold through multiple channels.
Retail Wealth management services and products
Our Retail Wealth management business offers simple, smooth-to-recognize merchandise, together with holistic recommendation and steering added through affiliated agents and by means of online competencies. Our modern investment solutions include advisory programs, mutual fund custodial IRAs, constant annuities and brokerage debts.
The number one awareness of our Retirement section is to serve almost five million described contribution plan members (as of December 31, 2014). We also are trying to find to capitalize on our get entry to to these people through our Institutional Retirement Plans commercial enterprise by means of developing long-time period relationships and supplying person retail answers. We consider that our ability to offer a unbroken and included approach to an man or woman purchaser’s entire monetary photograph, at the same time as saving for or dwelling in retirement, presents a compelling motive for our Institutional Retirement Plans contributors to use us as their predominant investment and retirement plan provider. through our broad variety of advisory packages, our economic advisers have access to a huge set of solutions for our customers for building investment portfolios, inclusive of stocks, bonds and mutual funds, as well as managed money owed. these experienced advisers paintings with clients to pick a application to meet their economic wishes that takes into consideration every person’s time horizon, goals and attitudes towards hazard.
Markets and Advisory services Retail Wealth control advisory services
roduct solutions are in general bought via our affiliated distribution institution of over 2,two hundred representatives in addition to on line thru websites. The affiliated representatives assist provide cohesiveness between our Institutional Retirement Plans and Retail Wealth control groups and they are grouped into two primary categories: affiliated discipline-primarily based representatives and home workplace smartphone-primarily based representatives. Affiliated subject-based totally representatives are registered sales and investment advisory representatives in our retail dealer supplier that pressure both fee-based totally and commissioned sales. They provide face-to-face interaction with folks who both participate inside or are outside to our Institutional Retirement Plans business and who are searching for financial recommendation and retail investment products (e.g., rollover merchandise) as well as retirement and monetary making plans solutions. domestic workplace smartphone-based totally representatives in the main recognition on our precise growth possibility of supporting members in our big recordkeeping plans. They provide the identical wide suite of products and services because the affiliated discipline-primarily based representatives, however are notably skilled in providing economic recommendation that enables customers transition via existence level and task-related adjustments. as a way to expand a direction for either of these classes of affiliated representatives to offer holistic retirement planning answers to individuals in our Institutional Retirement Plans, we associate with our institutional clients to engage individuals and offer retirement and personalized economic making plans to them as suitable to meet the retirement readiness wishes in their employee.
Underwriting and Pricing
We price our institutional and character retirement merchandise primarily based on lengthy-time period assumptions that consist of investment returns, mortality, persistency and running expenses. We set up target returns for every product based upon these elements and the anticipated quantity of regulatory and rating agency capital that we need to preserve to aid these contracts over their projected lifetime. We reveal and control pricing and sales blend to reap goal returns. it may take new commercial enterprise several years before it is worthwhile, depending on the nature and existence of the product, and is challenge to variability as real consequences may fluctuate from pricing assumptions. We are searching for to mitigate funding threat by actively managing marketplace and credit score risks related to investments and through asset/legal responsibility matching portfolio management.
funding management competes with a big range of asset managers and establishments in the notably fragmented U.S. funding management enterprise. In our key market segments, funding management competes on the idea of, amongst other matters, funding overall performance, investment philosophy and method, product functions and structure and consumer service. Our important competition in the investment management business consist of coverage-owned asset managers along with foremost global buyers (principal economic organization), Prudential and Ameriprise, financial institution-owned asset managers consisting of J.P. Morgan Asset control, as well as “natural-play” asset managers which include PIMCO, Invesco, Wellington, Legg Mason, T. Rowe rate, Franklin Templeton and constancy.
Voya Retirement Insurance and Annuity Company
Hours: 8 a.m. to 9 p.m. ET Monday through Friday