Cigna 2013 Annual Report Download - page 156

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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 years ended December 31,
(In millions)
2013 2012 2011
Operating expenses:
Interest $ 264 $ 262 $ 195
Intercompany interest 2-19
Other 69 190 92
TOTAL OPERATING EXPENSES 335 452 306
Loss before income taxes (335) (452) (306)
Income tax benefit (109) (143) (107)
Loss of parent company (226) (309) (199)
Equity in income of subsidiaries 1,702 1,932 1,459
SHAREHOLDERS’ NET INCOME 1,476 1,623 1,260
Shareholders’ other comprehensive income (loss):
Net unrealized (depreciation) appreciation on securities:
Fixed maturities (410) 144 210
Equity securities – 3 (2)
Net unrealized (depreciation) appreciation on securities (410) 147 208
Net unrealized appreciation (depreciation), derivatives 9 (5) 1
Net translation of foreign currencies 13 66 (22)
Postretirement benefits liability adjustment 539 (92) (360)
Shareholders’ other comprehensive income (loss) 151 116 (173)
SHAREHOLDERS’ COMPREHENSIVE INCOME $ 1,627 $ 1,739 $ 1,087
See Notes to Financial Statements on the following pages.
FS-4 CIGNA CORPORATION - 2013 Form 10-K
Statements of Income