Condensed Balance Sheets - USD ($) $ in Millions	Jun. 30, 2016	Dec. 31, 2015
Investments:
Fixed maturities, available-for-sale, at fair value (amortized cost of $21,589.2 as of 2016 and $22,069.6 as of 2015)	$ 23,214.3	$ 22,458.4
Fixed maturities, at fair value using the fair value option	671.7	547.4
Equity securities, available-for-sale, at fair value (cost of $15.3 as of 2016 and $15.4 as of 2015)	20.1	19.2
Short-term investments	940.3	1,069.4
Mortgage loans on real estate, net of valuation allowance of $0.9 as of 2016 and $1.0 as of 2015	3,663.9	3,310.9
Policy loans	76.5	79.8
Limited partnerships/corporations	202.6	186.3
Derivatives	1,885.4	799.4
Other investments	48.7	48.6
Securities pledged (amortized cost of $740.2 as of 2016 and $633.3 as of 2015)	837.6	672.4
Total investments	31,561.1	29,191.8
Cash and cash equivalents	1,335.6	646.5
Short-term investments under securities loan agreement, including collateral delivered	634.6	232.7
Accrued investment income	236.6	239.3
Deposits and reinsurance recoverable	6,257.4	5,645.9
Deferred policy acquisition costs, Value of business acquired and Sales inducements to contract owners	2,251.3	2,576.4
Due from affiliates	22.3	27.5
Deferred income taxes	0.0	94.8
Other assets	339.2	337.5
Assets held in separate accounts	32,132.2	33,355.5
Total assets	74,770.3	72,347.9
Liabilities and Shareholder's Equity
Future policy benefits and contract owner account balances	28,742.1	27,749.8
Payable for securities purchased	23.9	108.1
Payables under securities loan agreement, including collateral held	1,853.3	656.1
Long-term debt	435.0	435.0
Due to affiliates	50.2	44.4
Funds held under reinsurance treaties with affiliates	7,832.4	6,797.1
Derivatives	665.4	204.6
Current income tax payable to Parent	66.2	27.6
Deferred income taxes	85.3	0.0
Other liabilities	137.8	153.4
Liabilities related to separate accounts	32,132.2	33,355.5
Total liabilities	72,023.8	69,531.6
Commitments and Contingencies (Note 9)
Shareholder's equity:
Common stock (250,000 shares authorized, issued and outstanding as of 2016 and 2015; $10 par value per share)	2.5	2.5
Additional paid-in capital	4,448.5	4,821.2
Accumulated other comprehensive income (loss)	618.9	319.6
Retained earnings (deficit)	(2,323.4)	(2,327.0)
Total shareholder's equity	2,746.5	2,816.3
Total liabilities and shareholder's equity	$ 74,770.3	$ 72,347.9

VOYA INSURANCE & ANNUITY Co 10-Q