Business Context and Reporting Period
This Form 8-K was filed by ING U.S., Inc. on October 21, 2013, in connection with a proposed registered offering of common stock by its parent, ING Group N.V. The report addresses the Company's results of operations for the quarter ended September 30, 2013, noting that consolidated financial statements for this period were still being prepared at the time of filing.
Key Financial Metrics
The filing does not provide specific numerical values for revenue, profit, cash flow, margins, debt, or liquidity for the quarter ended September 30, 2013. The Company stated it was in the process of preparing consolidated financial statements and that its independent registered public accounting firm had not audited, reviewed, or performed any procedures regarding the anticipated third-quarter results.
Material Changes Versus Prior Period
While specific figures are absent, management provided qualitative comparisons to the quarter ended June 30, 2013:
- Operating Earnings Before Income Taxes: Anticipated to be higher in the aggregate than the results reported for the quarter ended June 30, 2013.
- Ongoing Business Adjusted Operating Earnings Before Income Taxes: Anticipated to be generally consistent with the results reported for the quarter ended June 30, 2013.
Guidance, Outlook, and Risks
Management cautioned that actual results may differ materially from current expectations due to the completion of financial closing procedures, final adjustments, and other developments or subsequent events. The information provided is qualified and should be read in conjunction with the "Management's Discussion and Analysis" and consolidated financial statements included in the Registration Statement on Form S-1. The Company explicitly noted that the accounting firm expressed no opinion or assurance on these anticipated results.
Important Facts for Investor Verification
- The consolidated financial statements for the quarter ended September 30, 2013, were not finalized or audited at the time of this filing.
- Anticipated earnings figures are preliminary and subject to material change upon completion of financial closing procedures.
- Investors should verify the final audited results in the subsequent official financial statements rather than relying on the qualitative expectations in this 8-K.
- The filing is furnished pursuant to General Instruction B.2 of Form 8-K and is not filed for purposes of Section 18 of the Securities Exchange Act.