Cigna 2010 Annual Report Download - page 94

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CIGNA CORPORATION2010 Form 10K
74
PART II
ITEM 8 Financial Statements and Supplementary Data
CIGNA Corporation
Consolidated Balance Sheets
As of December31,
(In millions, except per share amounts)
2010 2009
ASSETS
Investments:
Fixed maturities, at fair value (amortized cost, $13,445; $12,580) $ 14,709 $ 13,443
Equity securities, at fair value (cost, $144; $137) 127 113
Commercial mortgage loans 3,486 3,522
Policy loans 1,581 1,549
Real estate 112 124
Other long-term investments 759 595
Short-term investments 174 493
Total investments 20,948 19,839
Cash and cash equivalents 1,605 924
Accrued investment income 235 238
Premiums, accounts and notes receivable, net 1,318 1,361
Reinsurance recoverables 6,495 6,597
Deferred policy acquisition costs 1,122 943
Property and equipment 912 862
Deferred income taxes, net 782 1,029
Goodwill 3,119 2,876
Other assets, including other intangibles 1,238 1,056
Separate account assets 7,908 7,288
TOTAL ASSETS $ 45,682 $ 43,013
LIABILITIES
Contractholder deposit funds $ 8,509 $ 8,484
Future policy benefi ts 8,147 8,136
Unpaid claims and claim expenses 4,017 3,968
Health Care medical claims payable 1,246 921
Unearned premiums and fees 416 427
Total insurance and contractholder liabilities 22,335 21,936
Accounts payable, accrued expenses and other liabilities 5,936 5,797
Short-term debt 552 104
Long-term debt 2,288 2,436
Nonrecourse obligations -23
Separate account liabilities 7,908 7,288
TOTAL LIABILITIES 39,019 37,584
Contingencies— Note24
SHAREHOLDERS’ EQUITY
Common stock (par value per share, $0.25; shares issued, 351; authorized, 600) 88 88
Additional paid-in capital 2,534 2,514
Net unrealized appreciation, fi xed maturities 529 378
Net unrealized appreciation, equity securities 3 4
Net unrealized depreciation, derivatives (24) (30)
Net translation of foreign currencies 25 (12)
Postretirement benefi ts liability adjustment (1,147) (958)
Accumulated other comprehensive loss (614) (618)
Retained earnings 9,879 8,625
Less treasury stock, at cost (5,242) (5,192)
TOTAL SHAREHOLDERS’ EQUITY 6,645 5,417
Noncontrolling interest 18 12
TOTAL EQUITY 6,663 5,429
Total liabilities and equity $ 45,682 $ 43,013
SHAREHOLDERS’ EQUITY PER SHARE $ 24.44 $ 19.75
The accompanying Notes to the Consolidated Financial Statements are an integral part of these statements.