Cigna 2008 Annual Report Download - page 168

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FS-5
CIGNA CORPORATION AND SUBSIDIARIES
SCHEDULE II
CONDENSED FINANCIAL INFORMATION OF CIGNA CORPORATION
(REGISTRANT)
BALANCE SHEETS
(in millions)
As of December 31,
2008 2007
Assets:
Cash and cash equivalents $ 1 $ -
Investments in subsidiaries 12,275 12,581
Other assets 723 293
Total assets $ 12,999 $ 12,874
Liabilities:
Intercompany $ 5,088 $ 5,514
Short-term debt 299 -
Long-term debt 1,998 1,698
Other liabilities 2,022 914
Total liabilities 9,407 8,126
Shareholders' Equity:
Common stock (shares issued, 351) 88 88
Additional paid in capital 2,502 2,474
Net unrealized appreciation (depreciation) — fixed maturities $ (147) $ 140
Net unrealized appreciation — equity securities 7 7
Net unrealized depreciation — derivatives (13) (19)
Net translation of foreign currencies (60) 61
Postretirement benefits liability adjustment (861) (138)
Accumulated other comprehensive income (loss) (1,074) 51
Retained earnings 7,374 7,113
Less treasury stock, at cost (5,298) (4,978)
Total shareholders' equity 3,592 4,748
Total liabilities and shareholders' equity $ 12,999 $ 12,874
See Notes to Financial Statements on pages FS-7 and FS-8.