Cigna 2009 Annual Report Download - page 209

FS-13
CIGNA CORPORATION AND SUBSIDIARIES
SCHEDULE V
VALUATION AND QUALIFYING ACCOUNTS AND RESERVES
(in millions)
Charged
(Credited) Charged
Balance at to (Credited) Other Balance
beginning costs and to other deductions at end
Description of period expenses accounts -describe (1) of period
2009:
Investment asset valuation reserves:
Commercial mortgage loans $ 3 $ 17 $ - $ (3) $ 17
Allowance for doubtful accounts:
Premiums, accounts and notes receivable $ 50 $ (2) $ - $ (5) $ 43
Deferred tax asset valuation allowance $ 126 $ (2) $ - $ (8) $ 116
Reinsurance recoverables $ 23 $ (7) $ - $ (1) $ 15
2008:
Investment asset valuation reserves:
Commercial mortgage loans $ 1 $ 2 $ - $ - $ 3
Allowance for doubtful accounts:
Premiums, accounts and notes receivable $ 54 $ 12 $ 1 $ (17) $ 50
Deferred tax asset valuation allowance $ 150 $ (15) $ - $ (9) $ 126
Reinsurance recoverables $ 27 $ (3) $ - $ (1) $ 23
2007:
Investment asset valuation reserves:
Commercial mortgage loans $ - $ 1 $ - $ - $ 1
Allowance for doubtful accounts:
Premiums, accounts and notes receivable $ 46 $ 15 $ - $ (7) $ 54
Deferred tax asset valuation allowance $ 174 $ (19) $ - $ (5) $ 150
Reinsurance recoverables $ 161 $ (23) $ - $ (111) $ 27
(1) Reflects charge-offs upon write-off of underlying receivable balances. The change in the deferred tax valuation allowance in 2009, 2008 and
2007 reflects a reserve release upon the write-off of a portion of the underlying deferred tax asset, resulting in no earnings impact. The change
in reinsurance recoverables reflects settlement of underlying reinsurance recoverables, resulting in no earnings impact.