Cigna 2015 Annual Report Download - page 154

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PART IV
ITEM 15. Exhibits and Financial Statement Schedules
Cigna Corporation and Subsidiaries
Schedule II – Condensed Financial Information of Cigna Corporation – (Registrant)
Statements of Income
For the years ended December 31,
(in millions)
2015 2014 2013
Operating expenses:
Interest $ 246 $ 258 $ 264
Intercompany interest 252
Loss on early extinguishment of debt 100 — —
Other 147 82 69
TOTAL OPERATING EXPENSES 495 345 335
Loss before income taxes (495) (345) (335)
Income tax benefit (135) (89) (109)
Loss of parent company (360) (256) (226)
Equity in income of subsidiaries 2,454 2,358 1,702
SHAREHOLDERS’ NET INCOME 2,094 2,102 1,476
Shareholders’ other comprehensive income (loss):
Net unrealized appreciation (depreciation) on securities (202) 143 (410)
Net unrealized appreciation on derivatives 15 11 9
Net translation of foreign currencies (212) (144) 13
Postretirement benefits liability adjustment 85 (426) 539
Shareholders’ other comprehensive income (loss) (314) (416) 151
SHAREHOLDERS’ COMPREHENSIVE INCOME $ 1,780 $ 1,686 $ 1,627
See Notes to Financial Statements on the following pages.
FS-4 CIGNA CORPORATION - 2015 Form 10-K