10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||||||||||||||
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10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
CIGNA CORP | |||
Ticker: CI Fiscal Year: 2014 | |||
Consolidated Statements of Income | |||
Period Ending Dec 31, 2014 10-K (Filed: Feb 26, 2015) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2014 | Dec 31, 2013 | Dec 31, 2012 | |
| Revenues | |||
| Premiums | $ 27,214 | 25,575 | 23,017 |
| Fees and other revenues | 4,141 | 3,601 | 3,291 |
| Net investment income | 1,166 | 1,164 | 1,144 |
| Mail order pharmacy revenues | 2,239 | 1,827 | 1,623 |
| Realized investment gains (losses): | |||
| Other-than-temporary impairments on fixed maturities | (36) | (11) | (11) |
| Other realized investment gains | 190 | 224 | 55 |
| Total realized investment gains | 154 | 213 | 44 |
| Total revenues | 34,914 | 32,380 | 29,119 |
| Benefits and Expenses | |||
| Global Health Care medical claims expense | 16,694 | 15,867 | 14,228 |
| Other benefit expenses | 4,640 | 4,998 | 3,672 |
| Mail order pharmacy cost of goods sold | 1,907 | 1,509 | 1,328 |
| Other operating expenses | 8,369 | 7,830 | 7,414 |
| Total benefits and expenses | 31,610 | 30,204 | 26,642 |
| Income before Income Taxes | 3,304 | 2,176 | 2,477 |
| Income taxes: | |||
| Current | 1,232 | 501 | 719 |
| Deferred | (22) | 197 | 134 |
| Total taxes | 1,210 | 698 | 853 |
| Net Income | 2,094 | 1,478 | 1,624 |
| Less: Net Income Attributable to Noncontrolling Interests | (8) | 2 | 1 |
| Shareholders' Net Income | 2,102 | 1,476 | 1,623 |
| Shareholders' Net Income Per Share: | |||
| Basic | 7.97 | 5.28 | 5.70 |
| Diluted | 7.83 | 5.18 | 5.61 |
| Dividends Declared Per Share | 0.04 | 0.04 | 0.04 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
CIGNA CORP | |||
Ticker: CI Fiscal Year: 2014 | |||
Consolidated Statements of Shareholders' Comprehensive Income | |||
Period Ending Dec 31, 2014 10-K (Filed: Feb 26, 2015) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2014 | Dec 31, 2013 | Dec 31, 2012 | |
| Shareholders' Net Income | $ 2,102 | 1,476 | 1,623 |
| Shareholders' other comprehensive income (loss): | |||
| Net unrealized appreciation (depreciation) on securities | 143 | (410) | 147 |
| Net unrealized appreciation (depreciation), derivatives | 11 | 9 | (5) |
| Net translation of foreign currencies | (144) | 13 | 66 |
| Postretirement benefits liability adjustment | (426) | 539 | (92) |
| Shareholders' other comprehensive income (loss) | (416) | 151 | 116 |
| Shareholders' comprehensive income (loss) | 1,686 | 1,627 | 1,739 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
CIGNA CORP | |||
Ticker: CI Fiscal Year: 2014 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2014 10-K (Filed: Feb 26, 2015) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2014 | Dec 31, 2013 | Dec 31, 2012 | |
| Cash Flows from Operating Activities | |||
| Net Income | $ 2,094 | 1,478 | 1,624 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation and amortization | 588 | 597 | 560 |
| Realized investment (gains) losses | (154) | (213) | (44) |
| Deferred income taxes | (22) | 197 | 134 |
| Net changes in assets and liabilities, net of non-operating effects: | |||
| Premiums, accounts and notes receivable | (780) | (110) | (71) |
| Reinsurance recoverables | 22 | 369 | 62 |
| Deferred policy acquisition costs | (176) | (227) | (159) |
| Other assets | (265) | 405 | 31 |
| Insurance liabilities | 457 | 1,040 | 245 |
| Accounts payable, accrued expenses and other liabilities | 202 | (483) | (132) |
| Current income taxes | 111 | (56) | 29 |
| Cash used to exit Run-off Reinsurance business | 0 | (2,196) | 0 |
| Proceeds from sales of mortgage loans held for sale | 0 | 0 | 61 |
| Other, net | (83) | (82) | 10 |
| Net cash provided by / (used in) operating activities | 1,994 | 719 | 2,350 |
| Cash Flows from Investing Activities | |||
| Proceeds from investments sold: | |||
| Fixed maturities and equity securities | 1,769 | 1,775 | 591 |
| Investment maturities and repayments: | |||
| Fixed maturities and equity securities | 1,640 | 1,621 | 1,507 |
| Commercial mortgage loans | 453 | 653 | 722 |
| Other sales, maturities and repayments (primarily short-term and other long-term investments) | 2,706 | 1,661 | 831 |
| Investments purchased or originated: | |||
| Fixed maturities and equity securities | (5,424) | (3,062) | (2,334) |
| Commercial mortgage loans | (287) | (58) | (364) |
| Other (primarily short-term and other long-term investments) | (2,115) | (1,930) | (821) |
| Property and equipment purchases | (473) | (527) | (408) |
| Acquisitions, net of cash acquired | 0 | (76) | (3,581) |
| Other, net | (24) | (42) | 0 |
| Net cash provided by/ (used in) investing activities | (1,755) | 15 | (3,857) |
| Cash Flows from Financing Activities | |||
| Deposits and interest credited to contractholder deposit funds | 1,482 | 1,399 | 1,337 |
| Withdrawals and benefit payments from contractholder deposit funds | (1,456) | (1,358) | (1,264) |
| Net change in short-term debt | (112) | (101) | 98 |
| Repayment of long-term debt | 0 | (15) | (326) |
| Repurchase of common stock | (1,612) | (1,003) | (208) |
| Issuance of common stock | 110 | 150 | 121 |
| Common dividends paid | (11) | (11) | (11) |
| Other, net | 17 | 9 | 25 |
| Net cash (used in) / provided by financing activities | (1,582) | (930) | (228) |
| Effect of foreign currency rate changes on cash and cash equivalents | (32) | 13 | 23 |
| Net increase (decrease) in cash and cash equivalents | (1,375) | (183) | (1,712) |
| Cash and cash equivalents, beginning of year | 2,795 | 2,978 | |
| Cash and cash equivalents, end of year | 1,420 | 2,795 | 2,978 |
| Supplemental Disclosure of Cash Information: | |||
| Income taxes paid, net of refunds | 1,085 | 519 | 655 |
| Interest paid | 259 | 265 | 248 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
CIGNA CORP | ||
Ticker: CI Fiscal Year: 2014 | ||
Consolidated Balance Sheets | ||
Period Ending Dec 31, 2014 10-K (Filed: Feb 26, 2015) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2014 | Dec 31, 2013 | |
| Assets | ||
| Investments [Abstract] | ||
| Fixed maturities, at fair value (amortized cost, $17,278; $15,273) | $ 18,983 | 16,486 |
| Equity securities, at fair value (cost, $199; $146) | 189 | 141 |
| Commercial Mortgage Loans | 2,081 | 2,252 |
| Policy loans | 1,438 | 1,485 |
| Other long-term investments | 1,488 | 1,370 |
| Short-term investments | 163 | 631 |
| Total investments | 24,342 | 22,365 |
| Cash and cash equivalents | 1,420 | 2,795 |
| Premiums, accounts and notes receivable, net | 2,757 | 1,991 |
| Reinsurance recoverables | 7,080 | 7,299 |
| Deferred policy acquisition costs | 1,502 | 1,395 |
| Property and equipment | 1,502 | 1,464 |
| Deferred tax assets, net | 293 | 92 |
| Goodwill | 5,989 | 6,029 |
| Other assets, including other intangibles | 2,683 | 2,654 |
| Separate account assets | 8,328 | 8,252 |
| Total assets | 55,896 | 54,336 |
| Liabilities: | ||
| Contractholder deposit funds | 8,430 | 8,470 |
| Future policy benefits | 9,642 | 9,306 |
| Unpaid claims and claim expenses | 4,400 | 4,298 |
| Global Health Care medical claims payable | 2,180 | 2,050 |
| Unearned premiums and fees | 621 | 580 |
| Total insurance and contractholder liabilities | 25,273 | 24,704 |
| Accounts payable, accrued expenses and other liabilities | 6,264 | 5,456 |
| Short-term debt | 147 | 233 |
| Long-term debt, carrying value | 5,005 | 5,014 |
| Separate account liabilities | 8,328 | 8,252 |
| Total liabilities | 45,017 | 43,659 |
| Contingencies - Note 23 | ||
| Redeemable noncontrolling interest | 90 | 96 |
| Shareholders' Equity | ||
| Common stock (par value per share, $0.25; shares issued, 296, 366; authorized, 600) | 74 | 92 |
| Additional paid-in capital | 2,769 | 3,356 |
| Accumulated other comprehensive loss | (936) | (520) |
| Retained earnings | 10,289 | 13,676 |
| Less treasury stock, at cost | (1,422) | (6,037) |
| Total shareholders' equity | 10,774 | 10,567 |
| Noncontrolling interest | 15 | 14 |
| Total equity | 10,789 | 10,581 |
| Total liabilities and equity | 55,896 | 54,336 |
| Shareholders' Equity Per Share | 41.55 | 38.35 |
| External Links | |
| CIGNA CORP (CI) Fiscal Year 2014 | |
| Statements of 10-K in Excel | https://www.sec.gov/.../Financial.xlxs |
| Complete 10-K in HTML | https://www.sec.gov/.../10-K.html |
| Complete 10-K in XBRL | https://www.sec.gov/.../10-K-xbrl.zip |