Cigna 2008 Annual Report Download - page 144
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124
Note 16 — Accumulated Other Comprehensive Income (Loss)
Accumulated other comprehensive income (loss) excludes amounts required to adjust future policy benefits for run-off settlement
annuity business.
Changes in accumulated other comprehensive income (loss) were as follows:
Tax
(Expense) After-
(In millions) Pre-Tax Benefit Tax
2008
Net unrealized depreciation, securities:
Net unrealized depreciation on securities arising during the year $(706) $ 245 $(461)
Plus: reclassification adjustment for losses included in net income 268 (94) 174
Net unrealized depreciation, securities $(438) $ 151 $(287)
Net unrealized appreciation, derivatives $ 9 $(3) $ 6
Net translation of foreign currencies $(183) $ 62 $(121)
Postretirement benefits liability adjustment:
Reclassification adjustment for amortization of net losses from past
experience and prior service costs $ 21 $(7) $ 14
Net change arising from assumption/plan changes and experience (1,134) 397 (737)
Net postretirement benefits liability adjustment $(1,113) $ 390 $(723)
Tax
(Expense) After-
(In millions) Pre-Tax Benefit Tax
2007
Net unrealized depreciation, securities:
Implementation effect of SFAS No. 155 $(18) $ 6 $(12)
Net unrealized depreciation on securities arising during the year (68) 24 (44)
Reclassification due to sale of discontinued operations (23) 8 (15)
Plus: reclassification adjustment for losses included in net income 13 (4) 9
Net unrealized depreciation, securities $(96) $ 34 $(62)
Net unrealized depreciation, derivatives $ (6) $ 2 $(4)
Net translation of foreign currencies:
Net translation of foreign currencies arising during the year $ 33 $(10) $ 23
Reclassification due to sale of discontinued operations 8 (3) 5
Net translation of foreign currencies $ 41 $(13) $ 28
Postretirement benefits liability adjustment:
Reclassification adjustment for amortization of net losses from past
experience and prior service costs $ 95 $(33) $ 62
Net change arising from assumption/plan changes and experience 301 (105) 196
Net postretirement benefits liability adjustment $ 396 $ (138) $ 258