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: 2011 | |||
Consolidated Statements of Income | |||
Period Ending Dec 31, 2011 10-K (Filed: Feb 23, 2012) | |||
| (In Dollars) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2011 | Dec 31, 2010 | Dec 31, 2009 | |
| Revenues | |||
| Premiums and fees | $ 19,089,000,000 | 18,393,000,000 | 16,041,000,000 |
| Net investment income | 1,146,000,000 | 1,105,000,000 | 1,014,000,000 |
| Mail order pharmacy revenues | 1,447,000,000 | 1,420,000,000 | 1,282,000,000 |
| Other revenues | 254,000,000 | 260,000,000 | 120,000,000 |
| Realized investment gains (losses): | |||
| Other-than-temporary impairments on fixed maturities, net | (26,000,000) | (1,000,000) | (47,000,000) |
| Other realized investment gains | 88,000,000 | 76,000,000 | 4,000,000 |
| Total realized investment gains (losses) | 62,000,000 | 75,000,000 | (43,000,000) |
| Total revenues | 21,998,000,000 | 21,253,000,000 | 18,414,000,000 |
| Benefits and Expenses | |||
| Health Care medical claims expense | 8,182,000,000 | 8,570,000,000 | 6,927,000,000 |
| Other benefit expenses | 4,308,000,000 | 3,663,000,000 | 3,407,000,000 |
| Mail order pharmacy cost of goods sold | 1,203,000,000 | 1,169,000,000 | 1,036,000,000 |
| GMIB fair value (gain) loss | 234,000,000 | 55,000,000 | (304,000,000) |
| Other operating expenses | 6,103,000,000 | 5,926,000,000 | 5,450,000,000 |
| Total benefits and expenses | 20,030,000,000 | 19,383,000,000 | 16,516,000,000 |
| Income from Continuing Operations before Income Taxes | 1,968,000,000 | 1,870,000,000 | 1,898,000,000 |
| Income taxes: | |||
| Current | 398,000,000 | 331,000,000 | 275,000,000 |
| Deferred | 242,000,000 | 190,000,000 | 319,000,000 |
| Total taxes | 640,000,000 | 521,000,000 | 594,000,000 |
| Income from Continuing Operations | 1,328,000,000 | 1,349,000,000 | 1,304,000,000 |
| Income from discontinued operations, net of taxes | 0 | 0 | (1,000,000) |
| Net Income | 1,328,000,000 | 1,349,000,000 | 1,305,000,000 |
| Less: Net Income Attributable to Noncontrolling Interest | 1,000,000 | 4,000,000 | 3,000,000 |
| Shareholders' net income | 1,327,000,000 | 1,345,000,000 | 1,302,000,000 |
| Basic Earnings Per Share: | |||
| Shareholders' income from continuing operations | 5 | 5 | 5 |
| Shareholders' income from discontinued operations | 0 | 0 | 0 |
| Shareholders' net income | 5 | 5 | 5 |
| Diluted Earnings Per Share: | |||
| Shareholders' income from continuing operations | 5 | 5 | 5 |
| Shareholders' income from discontinued operations | 0 | 0 | 0 |
| Shareholders' net income | 5 | 5 | 5 |
| Dividends Declared Per Share | 0 | 0 | 0 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
CIGNA CORP | |||
Ticker: CI Fiscal Year: 2011 | |||
Consolidated Statements of Comprehensive Income | |||
Period Ending Dec 31, 2011 10-K (Filed: Feb 23, 2012) | |||
| (In Dollars) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2011 | Dec 31, 2010 | Dec 31, 2009 | |
| Net unrealized appreciation (depreciation) on securities | $ 208,000,000 | 150,000,000 | 540,000,000 |
| Net unrealized appreciation (depreciation), derivatives | 1,000,000 | 6,000,000 | (17,000,000) |
| Net translation of foreign currencies | (28,000,000) | 37,000,000 | 48,000,000 |
| Postretirement benefits liability adjustment | (360,000,000) | (189,000,000) | (97,000,000) |
| Shareholders' net income | 1,327,000,000 | 1,345,000,000 | 1,302,000,000 |
| Net income attributable to noncontrolling interest | 1,000,000 | 4,000,000 | 3,000,000 |
| Accumulated other comprehensive income attributable to noncontrolling interest | 2,000,000 | ||
| Statement Comprehensive Income | |||
| Comprehensive Income | |||
| Net unrealized appreciation (depreciation), fixed maturities | 210,000,000 | 151,000,000 | 543,000,000 |
| Net unrealized appreciation (depreciation), equity securities | (2,000,000) | (1,000,000) | (3,000,000) |
| Net unrealized appreciation (depreciation) on securities | 208,000,000 | 150,000,000 | 540,000,000 |
| Net unrealized appreciation (depreciation), derivatives | 1,000,000 | 6,000,000 | (17,000,000) |
| Net translation of foreign currencies | (28,000,000) | 37,000,000 | 48,000,000 |
| Postretirement benefits liability adjustment | (360,000,000) | (189,000,000) | (97,000,000) |
| Other comprehensive income (loss) | (179,000,000) | 4,000,000 | 474,000,000 |
| Shareholders' net income | 1,327,000,000 | 1,345,000,000 | 1,302,000,000 |
| Net income attributable to noncontrolling interest | 1,000,000 | 4,000,000 | 3,000,000 |
| Accumulated other comprehensive income attributable to noncontrolling interest | 0 | 2,000,000 | 3,000,000 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
CIGNA CORP | |||
Ticker: CI Fiscal Year: 2011 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2011 10-K (Filed: Feb 23, 2012) | |||
| (In Dollars) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2011 | Dec 31, 2010 | Dec 31, 2009 | |
| Cash Flows from Operating Activities | |||
| Net Income | $ 1,328,000,000 | 1,349,000,000 | 1,305,000,000 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation and amortization | 345,000,000 | 292,000,000 | 268,000,000 |
| Realized investment (gains) losses | (62,000,000) | (75,000,000) | 43,000,000 |
| Deferred income taxes | 242,000,000 | 190,000,000 | 319,000,000 |
| Gains on sale of businesses (excluding discontinued operations) | (25,000,000) | (13,000,000) | (32,000,000) |
| Income from discontinued operations, net of taxes | 0 | 0 | (1,000,000) |
| Net changes in assets and liabilities, net of non-operating effects: | |||
| Premiums, accounts and notes receivable | (50,000,000) | 62,000,000 | 49,000,000 |
| Reinsurance recoverables | 19,000,000 | 37,000,000 | 30,000,000 |
| Deferred policy acquisition costs | (211,000,000) | (156,000,000) | (109,000,000) |
| Other assets | (317,000,000) | (3,000,000) | 452,000,000 |
| Insurance liabilities | 154,000,000 | 325,000,000 | (357,000,000) |
| Accounts payable, accrued expenses and other liabilities | 344,000,000 | (272,000,000) | (1,321,000,000) |
| Current income taxes | (246,000,000) | 2,000,000 | 55,000,000 |
| Other, net | (30,000,000) | 5,000,000 | 44,000,000 |
| Net cash provided by operating activities | 1,491,000,000 | 1,743,000,000 | 745,000,000 |
| Cash Flows from Investing Activities | |||
| Proceeds from investments sold: | |||
| Fixed maturities | 830,000,000 | 822,000,000 | 927,000,000 |
| Equity securities | 46,000,000 | 4,000,000 | 22,000,000 |
| Commercial mortgage loans | 253,000,000 | 63,000,000 | 61,000,000 |
| Other (primarily short-term and other long-term investments) | 1,915,000,000 | 1,102,000,000 | 910,000,000 |
| Investment maturities and repayments: | |||
| Fixed maturities | 1,265,000,000 | 1,084,000,000 | 1,100,000,000 |
| Commercial mortgage | 385,000,000 | 70,000,000 | 94,000,000 |
| Investments purchased: | |||
| Fixed maturities | (2,877,000,000) | (2,587,000,000) | (2,916,000,000) |
| Equity securities | (20,000,000) | (12,000,000) | (14,000,000) |
| Commercial mortgage loans | (487,000,000) | (239,000,000) | (175,000,000) |
| Other (primarily short-term and other long-term investments) | (2,056,000,000) | (810,000,000) | (1,187,000,000) |
| Property and equipment purchases | (422,000,000) | (300,000,000) | (307,000,000) |
| Acquisitions, net of cash acquired | (102,000,000) | (539,000,000) | 0 |
| Net cash used in investing activities | (1,270,000,000) | (1,342,000,000) | (1,485,000,000) |
| Cash Flows from Financing Activities | |||
| Deposits and interest credited to contractholder deposit funds | 1,323,000,000 | 1,295,000,000 | 1,312,000,000 |
| Withdrawals and benefit payments from contractholder deposit funds | (1,178,000,000) | (1,205,000,000) | (1,223,000,000) |
| Change in cash overdraft position | (1,000,000) | 59,000,000 | 53,000,000 |
| Net change in short-term debt, primarily commercial paper | (451,000,000) | (270,000,000) | (200,000,000) |
| Issuance of long-term debt | 2,676,000,000 | 543,000,000 | 346,000,000 |
| Repurchase of common stock | (225,000,000) | (201,000,000) | 0 |
| Issuance of common stock | 734,000,000 | 64,000,000 | 30,000,000 |
| Common dividends paid | (11,000,000) | (11,000,000) | (11,000,000) |
| Net cash provided by financing activities | 2,867,000,000 | 274,000,000 | 307,000,000 |
| Effect of foreign currency rate changes on cash and cash equivalents | (3,000,000) | 6,000,000 | 15,000,000 |
| Net increase (decrease) in cash and cash equivalents | 3,085,000,000 | 681,000,000 | (418,000,000) |
| Cash and cash equivalents, January 1, | 1,605,000,000 | 924,000,000 | |
| Cash and cash equivalents, December 31, | 4,690,000,000 | 1,605,000,000 | 924,000,000 |
| Supplemental Disclosure of Cash Information: | |||
| Income taxes paid, net of refunds | 633,000,000 | 326,000,000 | 220,000,000 |
| Interest paid | 185,000,000 | 180,000,000 | 158,000,000 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
CIGNA CORP | ||
Ticker: CI Fiscal Year: 2011 | ||
Consolidated Balance Sheets | ||
Period Ending Dec 31, 2011 10-K (Filed: Feb 23, 2012) | ||
| (In Dollars) | ||
| As of | As of | |
| Dec 31, 2011 | Dec 31, 2010 | |
| Assets | ||
| Investments | ||
| Fixed maturities, at fair value (amortized cost, $14,257; $13,445) | $ 16,217,000,000 | 14,709,000,000 |
| Equity securities, at fair value (cost, $124; $144) | 100,000,000 | 127,000,000 |
| Commercial Mortgage Loans | 3,301,000,000 | 3,486,000,000 |
| Policy loans | 1,502,000,000 | 1,581,000,000 |
| Real estate | 87,000,000 | 112,000,000 |
| Other long-term investments | 1,058,000,000 | 759,000,000 |
| Short-term investments | 225,000,000 | 174,000,000 |
| Total investments | 22,490,000,000 | 20,948,000,000 |
| Cash and cash equivalents | 4,690,000,000 | 1,605,000,000 |
| Accrued investment income | 252,000,000 | 235,000,000 |
| Premiums, accounts and notes receivable, net | 1,358,000,000 | 1,318,000,000 |
| Reinsurance recoverables | 6,256,000,000 | 6,495,000,000 |
| Deferred policy acquisition costs | 1,312,000,000 | 1,122,000,000 |
| Property and equipment | 1,024,000,000 | 912,000,000 |
| Deferred income taxes, net | 632,000,000 | 782,000,000 |
| Goodwill | 3,164,000,000 | 3,119,000,000 |
| Other assets, including other intangibles | 1,776,000,000 | 1,238,000,000 |
| Separate account assets | 8,093,000,000 | 7,908,000,000 |
| Total assets | 51,047,000,000 | 45,682,000,000 |
| Liabilities | ||
| Contractholder deposit funds | 8,553,000,000 | 8,509,000,000 |
| Future policy benefits | 8,593,000,000 | 8,147,000,000 |
| Unpaid claims and claim expenses | 4,146,000,000 | 4,017,000,000 |
| Health Care medical claims payable | 1,095,000,000 | 1,246,000,000 |
| Unearned premiums and fees | 502,000,000 | 416,000,000 |
| Total insurance and contractholder liabilities | 22,889,000,000 | 22,335,000,000 |
| Accounts payable, accrued expenses and other liabilities | 6,627,000,000 | 5,936,000,000 |
| Short-term debt | 104,000,000 | 552,000,000 |
| Long-term debt | 4,990,000,000 | 2,288,000,000 |
| Nonrecourse obligations | 0 | 0 |
| Separate account liabilities | 8,093,000,000 | 7,908,000,000 |
| Total liabilities | 42,703,000,000 | 39,019,000,000 |
| Contingencies - Note 23 | 0 | 0 |
| Shareholders' Equity | ||
| Common stock (par value per share, $0.25; shares issued,366, 351; authorized, 600) | 92,000,000 | 88,000,000 |
| Additional paid-in capital | 3,188,000,000 | 2,534,000,000 |
| Net unrealized appreciation, fixed maturities | 739,000,000 | 529,000,000 |
| Net unrealized appreciation, equity securities | 1,000,000 | 3,000,000 |
| Net unrealized depreciation, derivatives | (23,000,000) | (24,000,000) |
| Net translation of foreign currencies | (3,000,000) | 25,000,000 |
| Postretirement benefits liability adjustment | (1,507,000,000) | (1,147,000,000) |
| Accumulated other comprehensive loss | (793,000,000) | (614,000,000) |
| Retained earnings | 11,143,000,000 | 9,879,000,000 |
| Less treasury stock, at cost | (5,286,000,000) | (5,242,000,000) |
| Total shareholders' equity | 8,344,000,000 | 6,645,000,000 |
| Noncontrolling interest | 0 | 18,000,000 |
| Total equity | 8,344,000,000 | 6,663,000,000 |
| Total liabilities and equity | 51,047,000,000 | 45,682,000,000 |
| Shareholders' Equity Per Share | 29 | 24 |
| External Links | |
| CIGNA CORP (CI) Fiscal Year 2011 | |
| 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 |