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: 2010 | |||
Consolidated Statements of Income | |||
Period Ending Dec 31, 2010 10-K/A (Amendment Filed: Feb 28, 2011) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2010 | Dec 31, 2009 | Dec 31, 2008 | |
| Revenues | |||
| Premiums and fees | $ 18,393 | 16,041 | 16,253 |
| Net investment income | 1,105 | 1,014 | 1,063 |
| Mail order pharmacy revenues | 1,420 | 1,282 | 1,204 |
| Other revenues | 260 | 120 | 751 |
| Realized investment gains (losses): | |||
| Other-than-temporary impairments on fixed maturities, net | (1) | (47) | (213) |
| Other realized investment gains | 76 | 4 | 43 |
| Total realized investment gains (losses) | 75 | (43) | (170) |
| Total revenues | 21,253 | 18,414 | 19,101 |
| Benefits and Expenses | |||
| Health Care medical claims expense | 8,570 | 6,927 | 7,252 |
| Other benefit expenses | 3,663 | 3,407 | 4,285 |
| Mail order pharmacy cost of goods sold | 1,169 | 1,036 | 961 |
| GMIB fair value (gain) loss | 55 | (304) | 690 |
| Other operating expenses | 5,926 | 5,450 | 5,531 |
| Total benefits and expenses | 19,383 | 16,516 | 18,719 |
| Income from Continuing Operations before Income Taxes | 1,870 | 1,898 | 382 |
| Income taxes: | |||
| Current | 331 | 275 | 313 |
| Deferred | 190 | 319 | (221) |
| Total taxes | 521 | 594 | 92 |
| Income from Continuing Operations | 1,349 | 1,304 | 290 |
| Income from discontinued operations, net of taxes | 0 | (1) | (4) |
| Net Income | 1,349 | 1,305 | 294 |
| Less: Net Income Attributable to Noncontrolling Interest | 4 | 3 | 2 |
| Shareholders' Net Income | 1,345 | 1,302 | 292 |
| Basic Earnings Per Share: | |||
| Shareholders' income from continuing operations | 4.93 | 4.75 | 1.04 |
| Shareholders' income from discontinued operations | 0.00 | 0.00 | 0.01 |
| Shareholders' net income | 4.93 | 4.75 | 1.05 |
| Diluted Earnings Per Share: | |||
| Shareholders' income from continuing operations | 4.89 | 4.73 | 1.03 |
| Shareholders' income from discontinued operations | 0.00 | 0.00 | 0.02 |
| Shareholders' net income | 4.89 | 4.73 | 1.05 |
| 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: 2010 | |||
Consolidated Statements of Comprehensive Income | |||
Period Ending Dec 31, 2010 10-K/A (Amendment Filed: Feb 28, 2011) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2010 | Dec 31, 2009 | Dec 31, 2008 | |
| Implementation effect of updated guidance on other-than-temporary impariments after-tax | $ 0 | (18) | 0 |
| Net unrealized appreciation (depreciation) on securities | 150 | 522 | (287) |
| Net unrealized appreciation (depreciation), derivatives | 6 | (17) | 6 |
| Net translation of foreign currencies | 37 | 48 | (121) |
| Postretirement benefits liability adjustment | (189) | (97) | (723) |
| Shareholders' net income | 1,345 | 1,302 | 292 |
| Net income attributable to noncontrolling interest | 4 | 3 | 2 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
CIGNA CORP | |||
Ticker: CI Fiscal Year: 2010 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2010 10-K/A (Amendment Filed: Feb 28, 2011) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2010 | Dec 31, 2009 | Dec 31, 2008 | |
| Cash Flows from Operating Activities | |||
| Net Income | $ 1,349 | 1,305 | 294 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation and amortization | 292 | 268 | 244 |
| Realized investment (gains) losses | (75) | 43 | 170 |
| Deferred income taxes | 190 | 319 | (221) |
| Gains on sale of businesses (excluding discontinued operations) | (13) | (32) | (38) |
| Income from discontinued operations, net of taxes | 0 | (1) | (4) |
| Net changes in assets and liabilities, net of non-operating effects: | |||
| Premiums, accounts and notes receivable | 62 | 49 | 219 |
| Reinsurance recoverables | 37 | 30 | 63 |
| Deferred policy acquisition costs | (156) | (109) | (74) |
| Other assets | (3) | 452 | (860) |
| Insurance liabilities | 325 | (357) | 485 |
| Accounts payable, accrued expenses and other liabilities | (272) | (1,321) | 1,466 |
| Current income taxes | 2 | 55 | (72) |
| Other, net | 5 | 44 | (16) |
| Net cash provided by operating activities | 1,743 | 745 | 1,656 |
| Cash Flows from Investing Activities | |||
| Proceeds from investments sold: | |||
| Fixed maturities | 822 | 927 | 1,459 |
| Equity securities | 4 | 22 | 6 |
| Commercial mortgage loans | 63 | 61 | 48 |
| Other (primarily short-term and other long-term investments) | 1,102 | 910 | 492 |
| Investment maturities and repayments: | |||
| Fixed maturities | 1,084 | 1,100 | 872 |
| Commercial mortgage | 70 | 94 | 98 |
| Investments purchased: | |||
| Fixed maturities | (2,587) | (2,916) | (2,681) |
| Equity securities | (12) | (14) | (18) |
| Commercial mortgage loans | (239) | (175) | (488) |
| Other (primarily short-term and other long-term investments) | (810) | (1,187) | (776) |
| Property and equipment purchases | (300) | (307) | (257) |
| Acquisitions, net of cash acquired | (344) | 0 | (1,319) |
| Other (primarily dispositions) | (195) | 0 | (8) |
| Net cash used in investing activities | (1,342) | (1,485) | (2,572) |
| Cash Flows from Financing Activities | |||
| Deposits and interest credited to contractholder deposit funds | 1,295 | 1,312 | 1,305 |
| Withdrawals and benefit payments from contractholder deposit funds | (1,205) | (1,223) | (1,214) |
| Change in cash overdraft position | 59 | 53 | (17) |
| Net change in short-term debt, primarily commercial paper | 0 | (199) | 298 |
| Issuance of long-term debt | 543 | 346 | 297 |
| Repayment of long-term debt | (270) | (1) | 0 |
| Repurchase of common stock | (201) | 0 | (378) |
| Issuance of common stock | 64 | 30 | 37 |
| Common dividends paid | (11) | (11) | (14) |
| Net cash provided by financing activities | 274 | 307 | 314 |
| Effect of foreign currency rate changes on cash and cash equivalents | 6 | 15 | (26) |
| Net increase (decrease) in cash and cash equivalents | 681 | (418) | (628) |
| Cash and cash equivalents, January 1, | 924 | 1,342 | |
| Cash and cash equivalents, September 30, | 1,605 | 924 | 1,342 |
| Supplemental Disclosure of Cash Information: | |||
| Income taxes paid, net of refunds | (326) | (220) | (366) |
| Interest paid | (180) | (158) | (140) |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
CIGNA CORP | ||
Ticker: CI Fiscal Year: 2010 | ||
Consolidated Balance Sheets | ||
Period Ending Dec 31, 2010 10-K/A (Amendment Filed: Feb 28, 2011) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2010 | Dec 31, 2009 | |
| Assets | ||
| Investments | ||
| Fixed maturities, at fair value (amortized cost, $13,445; $12,580) | $ 14,709 | 13,443 |
| Equity securities, at fair value (cost, $144; $137) | 127 | 113 |
| Carrying Value of Commercial Mortgage Loans | 3,486 | 3,522 |
| Policy loans | 1,581 | 1,549 |
| Real estate | 112 | 124 |
| Other long-term investments | 759 | 595 |
| Short-term investments | 174 | 493 |
| Total investments | 20,948 | 19,839 |
| Cash and cash equivalents | 1,605 | 924 |
| Accrued investment income | 235 | 238 |
| Premiums, accounts and notes receivable, net | 1,318 | 1,361 |
| Reinsurance recoverables | 6,495 | 6,597 |
| Deferred policy acquisition costs | 1,122 | 943 |
| Property and equipment | 912 | 862 |
| Deferred income taxes, net | 782 | 1,029 |
| Goodwill | 3,119 | 2,876 |
| Other assets, including other intangibles | 1,238 | 1,056 |
| Separate account assets | 7,908 | 7,288 |
| Total assets | 45,682 | 43,013 |
| Liabilities | ||
| Contractholder deposit funds | 8,509 | 8,484 |
| Future policy benefits | 8,147 | 8,136 |
| Unpaid claims and claim expenses | 4,017 | 3,968 |
| Health Care medical claims payable | 1,246 | 921 |
| Unearned premiums and fees | 416 | 427 |
| Total insurance and contractholder liabilities | 22,335 | 21,936 |
| Accounts payable, accrued expenses and other liabilities | 5,936 | 5,797 |
| Short-term debt | 552 | 104 |
| Long-term debt | 2,288 | 2,436 |
| Nonrecourse obligations | 0 | 23 |
| Separate account liabilities | 7,908 | 7,288 |
| Total liabilities | 39,019 | 37,584 |
| Contingencies - Note 24 | -- | -- |
| Shareholders' Equity | ||
| Common stock (par value per share, $0.25; shares issued, 351) | 88 | 88 |
| Additional paid-in capital | 2,534 | 2,514 |
| Net unrealized appreciation, fixed maturities | 529 | 378 |
| Net unrealized appreciation, equity securities | 3 | 4 |
| Net unrealized depreciation, derivatives | (24) | (30) |
| Net translation of foreign currencies | 25 | (12) |
| Postretirement benefits liability adjustment | (1,147) | (958) |
| Accumulated other comprehensive loss | (614) | (618) |
| Retained earnings | 9,879 | 8,625 |
| Less treasury stock, at cost | (5,242) | (5,192) |
| Total shareholders' equity | 6,645 | 5,417 |
| Noncontrolling interest | 18 | 12 |
| Total equity | 6,663 | 5,429 |
| Total liabilities and equity | 45,682 | 43,013 |
| Shareholders' Equity Per Share | 0 | 0 |
| External Links | |
| CIGNA CORP (CI) Fiscal Year 2010 | |
| Statements of 10-K/A in Excel | https://www.sec.gov/.../Financial.xlxs |
| Complete 10-K/A in HTML | https://www.sec.gov/.../10-K.html |
| Complete 10-K/A in XBRL | https://www.sec.gov/.../10-K-xbrl.zip |