Cigna 2012 Annual Report Download - page 88
Download and view the complete annual report
Please find page 88 of the 2012 Cigna annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2
-
3
-
4
-
5
-
6
-
7
-
8
-
9
-
10
-
11
-
12
-
13
-
14
-
15
-
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48
-
49
-
50
-
51
-
52
-
53
-
54
-
55
-
56
-
57
-
58
-
59
-
60
-
61
-
62
-
63
-
64
-
65
-
66
-
67
-
68
-
69
-
70
-
71
-
72
-
73
-
74
-
75
-
76
-
77
-
78 -
79 -
80 -
81 -
82 -
83 -
84 -
85 -
86 -
87 -
88 -
89 -
90 -
91 -
92 -
93 -
94 -
95 -
96 -
97 -
98 -
99
-
100
-
101
-
102
-
103
-
104
-
105
-
106
-
107
-
108
-
109
-
110
-
111
-
112
-
113
-
114
-
115
-
116
-
117
-
118
-
119
-
120
-
121
-
122
-
123
-
124
-
125
-
126
-
127
-
128
-
129
-
130
-
131
-
132
-
133
-
134
-
135
-
136
-
137
-
138
-
139
-
140
-
141
-
142
-
143
-
144
-
145
-
146
-
147
-
148
-
149
-
150
-
151
-
152
-
153
-
154
-
155
-
156
-
157
-
158
-
159
-
160
-
161
-
162
-
163
-
164
-
165
-
166
-
167
-
168
-
169
-
170
-
171
-
172
-
173
-
174
-
175
-
176
-
177
-
178
-
179
-
180
-
181
-
182
 |
 |
PART II
ITEM 8 Financial Statements and Supplementary Data
Cigna Corporation
Consolidated Balance Sheets
As of December 31,
(In millions, except per share amounts)
2012 2011
ASSETS
Investments:
Fixed maturities, at fair value (amortized cost, $15,481; $14,257) $ 17,705 $ 16,217
Equity securities, at fair value (cost, $121; $124) 111 100
Commercial mortgage loans 2,851 3,301
Policy loans 1,501 1,502
Real estate 83 87
Other long-term investments 1,255 1,058
Short-term investments 154 225
Total investments 23,660 22,490
Cash and cash equivalents 2,978 4,690
Accrued investment income 258 252
Premiums, accounts and notes receivable, net 1,777 1,358
Reinsurance recoverables 6,256 6,256
Deferred policy acquisition costs 1,198 817
Property and equipment 1,120 1,024
Deferred income taxes, net 374 803
Goodwill 6,001 3,164
Other assets, including other intangibles 2,355 1,750
Separate account assets 7,757 8,093
TOTAL ASSETS $ 53,734 $ 50,697
LIABILITIES
Contractholder deposit funds $ 8,508 $ 8,553
Future policy benefits 9,265 8,593
Unpaid claims and claim expenses 4,062 3,936
Global Health Care medical claims payable 1,856 1,305
Unearned premiums and fees 549 502
Total insurance and contractholder liabilities 24,240 22,889
Accounts payable, accrued expenses and other liabilities 6,667 6,627
Short-term debt 201 104
Long-term debt 4,986 4,990
Separate account liabilities 7,757 8,093
TOTAL LIABILITIES 43,851 42,703
Contingencies — Note 24
Redeemable noncontrolling interest 114 -
SHAREHOLDERS’ EQUITY
Common stock (par value per share, $0.25; shares issued, 366; authorized, 600) 92 92
Additional paid-in capital 3,295 3,188
Net unrealized appreciation, fixed maturities $ 883 $ 739
Net unrealized appreciation, equity securities 4 1
Net unrealized depreciation, derivatives (28) (23)
Net translation of foreign currencies 69 3
Postretirement benefits liability adjustment (1,599) (1,507)
Accumulated other comprehensive loss (671) (787)
Retained earnings 12,330 10,787
Less: treasury stock, at cost (5,277) (5,286)
TOTAL SHAREHOLDERS’ EQUITY 9,769 7,994
Total liabilities and equity $ 53,734 $ 50,697
SHAREHOLDERS’ EQUITY PER SHARE $ 34.18 $ 28.00
The accompanying Notes to the Consolidated Financial Statements are an integral part of these statements.
66 CIGNA CORPORATION - 2012 Form 10-K