Cigna 2014 Annual Report Download - page 95
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PART II
ITEM 8. Financial Statements and Supplementary Data
Cigna Corporation
Consolidated Balance Sheets
(In millions, except per share amounts)
As of December 31, 2014 2013
ASSETS
Investments:
Fixed maturities, at fair value (amortized cost, $17,278; $15,273) $ 18,983 $ 16,486
Equity securities, at fair value (cost, $199; $146) 189 141
Commercial mortgage loans 2,081 2,252
Policy loans 1,438 1,485
Other long-term investments 1,488 1,370
Short-term investments 163 631
Total investments 24,342 22,365
Cash and cash equivalents 1,420 2,795
Premiums, accounts and notes receivable, net 2,757 1,991
Reinsurance recoverables 7,080 7,299
Deferred policy acquisition costs 1,502 1,395
Property and equipment 1,502 1,464
Deferred income taxes, net 293 92
Goodwill 5,989 6,029
Other assets, including other intangibles 2,683 2,654
Separate account assets 8,328 8,252
TOTAL ASSETS $ 55,896 $ 54,336
LIABILITIES
Contractholder deposit funds $ 8,430 $ 8,470
Future policy benefits 9,642 9,306
Unpaid claims and claim expenses 4,400 4,298
Global Health Care medical claims payable 2,180 2,050
Unearned premiums 621 580
Total insurance and contractholder liabilities 25,273 24,704
Accounts payable, accrued expenses and other liabilities 6,264 5,456
Short-term debt 147 233
Long-term debt 5,005 5,014
Separate account liabilities 8,328 8,252
TOTAL LIABILITIES 45,017 43,659
Contingencies – Note 23
Redeemable noncontrolling interests 90 96
SHAREHOLDERS’ EQUITY
Common stock (par value per share, $0.25; shares issued, 296, 366; authorized, 600) 74 92
Additional paid-in capital 2,769 3,356
Accumulated other comprehensive loss (936) (520)
Retained earnings 10,289 13,676
Less: treasury stock, at cost (1,422) (6,037)
TOTAL SHAREHOLDERS’ EQUITY 10,774 10,567
Noncontrolling interest 15 14
Total equity 10,789 10,581
Total liabilities and equity $ 55,896 $ 54,336
SHAREHOLDERS’ EQUITY PER SHARE $ 41.55 $ 38.35
The accompanying Notes to the Consolidated Financial Statements are an integral part of these statements.
CIGNA CORPORATION - 2014 Form 10-K 63