Cigna 2013 Annual Report Download - page 95
Download and view the complete annual report
Please find page 95 of the 2013 Cigna annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2
-
3
-
4
-
5
-
6
-
7
-
8
-
9
-
10
-
11
-
12
-
13
-
14
-
15
-
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48
-
49
-
50
-
51
-
52
-
53
-
54
-
55
-
56
-
57
-
58
-
59
-
60
-
61
-
62
-
63
-
64
-
65
-
66
-
67
-
68
-
69
-
70
-
71
-
72
-
73
-
74
-
75
-
76
-
77
-
78
-
79
-
80
-
81
-
82
-
83
-
84
-
85 -
86 -
87 -
88 -
89 -
90 -
91 -
92 -
93 -
94 -
95 -
96 -
97 -
98 -
99 -
100 -
101 -
102 -
103 -
104 -
105 -
106
-
107
-
108
-
109
-
110
-
111
-
112
-
113
-
114
-
115
-
116
-
117
-
118
-
119
-
120
-
121
-
122
-
123
-
124
-
125
-
126
-
127
-
128
-
129
-
130
-
131
-
132
-
133
-
134
-
135
-
136
-
137
-
138
-
139
-
140
-
141
-
142
-
143
-
144
-
145
-
146
-
147
-
148
-
149
-
150
-
151
-
152
-
153
-
154
-
155
-
156
-
157
-
158
-
159
-
160
-
161
-
162
-
163
-
164
-
165
-
166
-
167
-
168
-
169
-
170
-
171
-
172
-
173
-
174
-
175
-
176
-
177
-
178
-
179
-
180
-
181
-
182
 |
 |
PART II
ITEM 8. Financial Statements and Supplementary Data
Cigna Corporation
Consolidated Balance Sheets
As of December 31,
(In millions, except per share amounts)
2013 2012
ASSETS
Investments:
Fixed maturities, at fair value (amortized cost, $15,273; $15,481) $ 16,486 $ 17,705
Equity securities, at fair value (cost, $146; $121) 141 111
Commercial mortgage loans 2,252 2,851
Policy loans 1,485 1,501
Real estate 97 83
Other long-term investments 1,273 1,255
Short-term investments 631 154
Total investments 22,365 23,660
Cash and cash equivalents 2,795 2,978
Accrued investment income 247 258
Premiums, accounts and notes receivable, net 1,991 1,777
Reinsurance recoverables 7,299 6,256
Deferred policy acquisition costs 1,395 1,198
Property and equipment 1,464 1,120
Deferred income taxes, net 92 374
Goodwill 6,029 6,001
Other assets, including other intangibles 2,407 2,355
Separate account assets 8,252 7,757
TOTAL ASSETS $ 54,336 $ 53,734
LIABILITIES
Contractholder deposit funds $ 8,470 $ 8,508
Future policy benefits 9,306 9,265
Unpaid claims and claim expenses 4,298 4,062
Global Health Care medical claims payable 2,050 1,856
Unearned premiums and fees 580 549
Total insurance and contractholder liabilities 24,704 24,240
Accounts payable, accrued expenses and other liabilities 5,456 6,667
Short-term debt 233 201
Long-term debt 5,014 4,986
Separate account liabilities 8,252 7,757
TOTAL LIABILITIES 43,659 43,851
Contingencies – Note 23
Redeemable noncontrolling interest 96 114
SHAREHOLDERS’ EQUITY
Common stock (par value per share, $0.25; shares issued, 366; authorized, 600) 92 92
Additional paid-in capital 3,356 3,295
Net unrealized appreciation, fixed maturities $ 473 $ 883
Net unrealized appreciation, equity securities 4 4
Net unrealized depreciation, derivatives (19) (28)
Net translation of foreign currencies 82 69
Postretirement benefits liability adjustment (1,060) (1,599)
Accumulated other comprehensive loss (520) (671)
Retained earnings 13,676 12,330
Less: treasury stock, at cost (6,037) (5,277)
TOTAL SHAREHOLDERS’ EQUITY 10,567 9,769
Noncontrolling interest 14 –
Total equity 10,581 9,769
Total liabilities and equity $ 54,336 $ 53,734
SHAREHOLDERS’ EQUITY PER SHARE $ 38.35 $ 34.18
The accompanying Notes to the Consolidated Financial Statements are an integral part of these statements.
CIGNA CORPORATION - 2013 Form 10-K 63