Cigna 2011 Annual Report Download - page 165

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FS-13CIGNA CORPORATION2011 Form10K
ITEM 15 Exhibits and Financial Statement Schedules
PART IV
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(2)
Other deductions
- Describe(3)
Balance at end of
period
2011:
Investment asset valuation reserves:
Commercial mortgage loans $ 12 $ 16 $ - $ (9) $ 19
Allowance for doubtful accounts:
Premiums, accounts and notes receivable $ 49 $ 4 $ (1) $ (7) $ 45
Deferred tax asset valuation allowance $ 23 $ 4 $ 15 $ - $ 42
Reinsurance recoverables $ 10 $ (5) $ - $ - $ 5
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
(1) 2010 amount for deferred tax asset valuation allowance primarily reflects the resolution of a federal tax matter. See Note19 to the Consolidated Financial Statements.
(2) 2011 increase to deferred tax asset valuation allowance reflects effects of the acquisition of First Assist in November2011.
(3) 2011 and 2010 amounts for commercial mortgage loans primarily reflects charge-offs upon sales and repayments, as well as transfers to foreclosed real estate.
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