Cigna 2010 Annual Report Download - page 162
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CIGNA CORPORATION 2010 Form 10K
FS-10
PARTIV
ITEM 15 Exhibits and Financial Statement Schedules
CIGNA Corporation and Subsidiaries
Schedule IV — Reinsurance
(In millions)
Gross amount Ceded to other
companies Assumed from
other companies Net amount
Percentage of
amount assumed
to net
Year Ended December 31, 2010:
Life insurance in force $ 566,841 $ 44,335 $ 9,734 $ 532,240 1.8%
Premiums and fees:
Life insurance and annuities $ 2,026 $ 264 $ 107 $ 1,869 5.7%
Accident and health insurance 16,272 173 425 16,524 2.6%
TOTAL $ 18,298 $ 437 $ 532 $ 18,393 2.9%
Year Ended December 31, 2009:
Life insurance in force $ 544,687 $ 50,011 $ 71,107 $ 565,783 12.6%
Premiums and fees:
Life insurance and annuities $ 1,909 $ 297 $ 305 $ 1,917 15.9%
Accident and health insurance 13,476 156 804 14,124 5.7%
TOTAL $ 15,385 $ 453 $ 1,109 $ 16,041 6.9%
Year Ended December 31, 2008:
Life insurance in force $ 392,803 $ 44,116 $ 108,106 $ 456,793 23.7%
Premiums and fees:
Life insurance and annuities $ 1,885 $ 281 $ 333 $ 1,937 17.2%
Accident and health insurance 13,605 230 941 14,316 6.6%
TOTAL $ 15,490 $ 511 $ 1,274 $ 16,253 7.8%
CIGNA Corporation and Subsidiaries
Schedule V — Valuation and Qualifying Accounts and Reserves
Description
(In millions)
Balance
at beginning
of period
Charged
(Credited) to costs
and expenses
(1)
Charged (Credited)
to other accounts
Other
deductions —
describe
(2)
Balance at end
ofperiod
2010:
Investment asset valuation reserves:
Commercial mortgage loans $ 17 $ 24 $ — $ (29) $ 12
Allowance for doubtful accounts:
Premiums, accounts and notes receivable $ 43 $ 11 $ — $ (5) $ 49
Deferred tax asset valuation allowance $ 116 $ (93) $ — $ — $ 23
Reinsurance recoverables $ 15 $ (5) $ — $ — $ 10
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
(1) 2010 amount for deferred tax asset valuation allowance primarily reflects the resolution of a federal tax matter. See Note 20 to the Consolidated Financial Statements.
(2) 2010 amount for commercial mortgage loans primarily reflects charge-offs upon sales and repayments, as well as transfers to foreclosed real estate.