Cigna 2014 Annual Report Download - page 135
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PART II
ITEM 8. Financial Statements and Supplementary Data
Accumulated Other Comprehensive Income (Loss)
Accumulated other comprehensive loss excludes amounts required to adjust future policy benefits for the run-off settlement annuity business and
a portion of deferred acquisition costs associated with the corporate owned life insurance business. As required by GAAP, the Company
parenthetically identifies the income statement line item affected by reclassification adjustments in the table below. Changes in the components of
accumulated other comprehensive loss were as follows:
Tax
(In millions)
(Expense)
2014 Pre-Tax Benefit After-Tax
Net unrealized appreciation securities, January 1, $ 733 $ (256) $ 477
Net unrealized appreciation on securities arising during the year 249 (89) 160
Reclassification adjustment for (gains) included in shareholders’ net income (realized investment gains) (27) 10 (17)
Net unrealized appreciation, securities arising during the year 222 (79) 143
Net unrealized appreciation, securities, December 31, $ 955 $ (335) $ 620
Net unrealized depreciation, derivatives, January 1, $ (29) $ 10 $ (19)
Net unrealized appreciation, derivatives arising during the year 17 (6) 11
Net unrealized depreciation, derivatives, December 31, $ (12) $ 4 $ (8)
Net translation of foreign currencies, January 1, $91$(9)$82
Net translation of foreign currencies arising during the year (162) 18 (144)
Net translation of foreign currencies, December 31, $ (71) $ 9 $ (62)
Postretirement benefits liability adjustment, January 1, $ (1,630) $ 570 $ (1,060)
Reclassification adjustment for amortization of net losses from past experience and prior service costs (other
operating expenses) 54 (18) 36
Reclassification adjustment for settlement (other operating expenses) 6 (2) 4
Total reclassification adjustment to shareholders’ net income (other operating expenses) 60 (20) 40
Net change due to valuation update (716) 250 (466)
Net postretirement benefits liability adjustment arising during the year (656) 230 (426)
Postretirement benefits liability adjustment, December 31, $ (2,286) $ 800 $ (1,486)
CIGNA CORPORATION - 2014 Form 10-K 103
NOTE 17