Cigna 2014 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)
Statements of Income
For the years ended December 31,
(In millions)
2014 2013 2012
Operating expenses:
Interest $ 258 $ 264 $ 262
Intercompany interest 52–
Other 82 69 190
TOTAL OPERATING EXPENSES 345 335 452
Loss before income taxes (345) (335) (452)
Income tax benefit (89) (109) (143)
Loss of parent company (256) (226) (309)
Equity in income of subsidiaries 2,358 1,702 1,932
SHAREHOLDERS’ NET INCOME 2,102 1,476 1,623
Shareholders’ other comprehensive income (loss):
Net unrealized appreciation (depreciation) on securities 143 (410) 147
Net unrealized appreciation (depreciation), derivatives 11 9 (5)
Net translation of foreign currencies (144) 13 66
Postretirement benefits liability adjustment (426) 539 (92)
Shareholders’ other comprehensive income (loss) (416) 151 116
SHAREHOLDERS’ COMPREHENSIVE INCOME $ 1,686 $ 1,627 $ 1,739
See Notes to Financial Statements on the following pages.
FS-4 CIGNA CORPORATION - 2014 Form 10-K