Cigna 2012 Annual Report Download - page 160

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PART IV
ITEM 15 Exhibits and Financial Statement Schedules
Cigna Corporation and Subsidiaries
Schedule II – Condensed Financial Information of Cigna Corporation – (Registrant)
For the year ended December 31,
(in millions)
2012 2011 2010
Operating expenses:
Interest $ 262 $ 195 $ 176
Intercompany interest -1926
Other 190 92 129
TOTAL OPERATING EXPENSES 452 306 331
Loss before income taxes (452) (306) (331)
Income tax benefit (143) (107) (106)
Loss of parent company (309) (199) (225)
Equity in income of subsidiaries 1,932 1,459 1,504
SHAREHOLDERS’ NET INCOME 1,623 1,260 1,279
Shareholders’ other comprehensive income (loss):
Net unrealized appreciation (depreciation) on securities:
Fixed maturities 144 210 151
Equity securities 3 (2) (1)
Net unrealized appreciation on securities 147 208 150
Net unrealized appreciation (depreciation), derivatives (5) 1 6
Net translation of foreign currencies 66 (22) 33
Postretirement benefits liability adjustment (92) (360) (189)
Shareholders’ other comprehensive income (loss) 116 (173) -
SHAREHOLDERS’ COMPREHENSIVE INCOME $ 1,739 $ 1,087 $ 1,279
See Notes to Financial Statements on the following pages.
FS-4 CIGNA CORPORATION - 2012 Form 10-K
Statements of Income