Cigna 2012 Annual Report Download - page 135
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PART II
ITEM 8 Financial Statements and Supplementary Data
Accumulated Other Comprehensive Income (Loss)
Accumulated other comprehensive income (loss) excludes amounts required to adjust future policy benefits for the run-off settlement annuity
business.
Changes in accumulated other comprehensive income (loss) were as follows:
Tax
2012 (Expense) After-
(In millions) Pre-Tax Benefit Tax
Net unrealized appreciation, securities:
Net unrealized appreciation on securities arising during the year $ 271 $ (90) $ 181
Reclassification adjustment for losses (gains) included in shareholders’ net income (52) 18 (34)
Net unrealized appreciation, securities $ 219 $ (72) $ 147
Net unrealized depreciation, derivatives $ (7) $ 2 $ (5)
Net translation of foreign currencies $ 78 $ (12) $ 66
Postretirement benefits liability adjustment:
Reclassification adjustment for amortization of net losses from past experience and prior service costs,
and settlement charges $ 52 $ (18) $ 34
Net change arising from assumption and plan changes and experience (181) 55 (126)
Net postretirement benefits liability adjustment $ (129) $ 37 $ (92)
Tax
2011 (Expense) After-
(In millions) Pre-Tax Benefit Tax
Net unrealized appreciation, securities:
Net unrealized appreciation on securities arising during the year $ 366 $ (127) $ 239
Reclassification adjustment for (gains) included in net income (49) 18 (31)
Net unrealized appreciation, securities $ 317 $ (109) $ 208
Net unrealized appreciation, derivatives $1$–$1
Net translation of foreign currencies $ (21) $ (1) $ (22)
Postretirement benefits liability adjustment:
Reclassification adjustment for amortization of net losses from past experience and prior service costs $ 22 $ (7) $ 15
Net change arising from assumption and plan changes and experience (580) 205 (375)
Net postretirement benefits liability adjustment $ (558) $ 198 $ (360)
Tax
2010 (Expense) After-
(In millions) Pre-Tax Benefit Tax
Net unrealized appreciation, securities:
Net unrealized appreciation on securities arising during the year $ 319 $ (109) $ 210
Reclassification adjustment for (gains) included in net income (92) 32 (60)
Net unrealized appreciation, securities $ 227 $ (77) $ 150
Net unrealized appreciation, derivatives $8$(2)$6
Net translation of foreign currencies $40 $(7) $33
Postretirement benefits liability adjustment:
Reclassification adjustment for amortization of net losses from past experience and prior service costs $ 10 $ (4) $ 6
Net change arising from assumption and plan changes and experience (311) 116 (195)
Net postretirement benefits liability adjustment $ (301) $ 112 $ (189)
Shareholders’ Equity and Dividend Restrictions
State insurance departments and foreign jurisdictions that regulate certain of the Company’s subsidiaries prescribe accounting practices (which
differ in some respects from GAAP) to determine statutory net income and surplus. The Company’s life insurance and HMO company
CIGNA CORPORATION - 2012 Form 10-K 113
NOTE 18
NOTE 19