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Income Statement Comp. Income Cash Flow Balance Sheet All Statements
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CIGNA GROUP

Ticker: CI   Fiscal Year: 2018

Consolidated Statements of Income

Period Ending Dec 31, 2018 10-K (Filed: Feb 28, 2019)

(In Millions, except shares in actual)
 12 Months Ended12 Months Ended12 Months Ended
 Dec 31, 2018Dec 31, 2017Dec 31, 2016
Revenues
Premiums
$
36,113
32,49130,824
Net investment income1,4801,2261,147
Total revenues48,65041,80639,838
 
Benefits and Expenses
Medical costs and other benefit expenses27,52825,26324,341
Pharmacy and other service costs4,7932,4562,468
Selling, general and administrative expenses11,93410,0309,790
Amortization of other acquired intangible assets235115151
Total operating expenses44,49037,86436,750
 
Income from operations4,1603,9423,088
 
Interest expense and other(498)(252)(278)
Debt extinguishment costs0(321)0
Net realized investment gains (losses)(81)237169
Income (loss) before income taxes3,5813,6062,979
 
Total income taxes9351,3741,136
Net Income2,6462,2321,843
 
Less: net income (loss) attributable to noncontrolling interests9(5)(24)
Shareholders' net income2,6372,2371,867
 
Shareholders' net income per share:
Basic10.698.927.31
Diluted10.548.777.19
Product Or Service
Fees and other revenues
Pharmacy revenues, fees and other revenues5,5785,1104,901
Pharmacy revenues
Pharmacy revenues, fees and other revenues5,4792,9792,966
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CIGNA GROUP

Ticker: CI   Fiscal Year: 2018

Consolidated Statements of Shareholders' Comprehensive Income

Period Ending Dec 31, 2018 10-K (Filed: Feb 28, 2019)

(In Millions, except shares in actual)
 12 Months Ended12 Months Ended12 Months Ended
 Dec 31, 2018Dec 31, 2017Dec 31, 2016
Shareholders' net income
$
2,637
2,2371,867
 
Shareholders' other comprehensive income (loss), net of tax:
Net unrealized appreciation (depreciation), securities and derivatives(365)(37)(60)
Net translation (losses) gains on foreign currencies(152)304(95)
Postretirement benefits liability adjustment1273323
Shareholders' other comprehensive income (loss), net of tax(390)300(132)
 
Shareholders' comprehensive income (loss)2,2472,5371,735
 
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CIGNA GROUP

Ticker: CI   Fiscal Year: 2018

Consolidated Statements of Cash Flows

Period Ending Dec 31, 2018 10-K (Filed: Feb 28, 2019)

(In Millions, except shares in actual)
 12 Months Ended12 Months Ended12 Months Ended
 Dec 31, 2018Dec 31, 2017Dec 31, 2016
Cash Flows from Operating Activities
Net Income
$
2,646
2,2321,843
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Depreciation and amortization695566610
Realized investment (gains) losses81(237)(169)
Deferred income taxes (benefits)(101)24274
Debt extinguishment costs03210
Net changes in assets and liabilities, net of non-operating effects:
Accounts receivable705(233)663
Inventories(107)(72)30
Deferred policy acquisition costs(237)(282)(213)
Reinsurance recoverables and other assets(234)115246
Insurance liabilities560506683
Pharmacy and service costs payable(842)35(46)
Accounts payable, accrued expenses and other liabilities332696171
Other, net272197134
Net cash provided by (used in) operating activities3,7704,0864,026
 
Cash Flows from Investing Activities
Proceeds from investments sold:
Fixed maturities and equity securities2,6552,0121,544
Investment maturities and repayments:
Fixed maturities and equity securities2,1512,0511,755
Commercial mortgage loans215335316
Other sales, maturities and repayments (primarily short-term and other long-term investments)7341,7021,431
Investments purchased or originated:
Fixed maturities and equity securities(5,637)(5,628)(5,191)
Commercial mortgage loans(312)(430)(165)
Other (primarily short-term and other long-term investments)(1,189)(1,065)(1,698)
Property and equipment purchases(528)(471)(461)
Acquisitions, net of cash acquired(24,455)(209)(4)
Other, net(12)0(101)
Net cash provided by (used in) investing activities(26,378)(1,703)(2,574)
 
Cash Flows from Financing Activities
Deposits and interest credited to contractholder deposit funds1,0401,2301,460
Withdrawals and benefit payments from contractholder deposit funds(1,151)(1,363)(1,362)
Net change in short-term debt1,48780(148)
Payments for debt extinguishment0(313)0
Repayment of long-term debt(131)(1,250)0
Net proceeds on issuance of long-term debt22,8561,5810
Repurchase of common stock(342)(2,725)(139)
Issuance of common stock6813136
Other, net(312)(22)(72)
Net cash provided by (used in) financing activities23,515(2,651)(225)
 
Effect of foreign currency rate changes on cash and cash equivalents(24)55(10)
Net increase / (decrease) in cash and cash equivalents883(213)1,217
 
Cash and cash equivalents, January 1,2,9723,185
Cash and cash equivalents, December 31,3,8552,9723,185
 
Supplemental Disclosure of Cash Information:
Income taxes paid, net of refunds1,0191,0361,064
Interest paid267240244
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CIGNA GROUP

Ticker: CI   Fiscal Year: 2018

Consolidated Balance Sheets

Period Ending Dec 31, 2018 10-K (Filed: Feb 28, 2019)

(In Millions, except shares in actual)
 As ofAs of
 Dec 31, 2018Dec 31, 2017
Assets
Cash and cash equivalents
$
3,855
2,972
Investments2,0452,136
Accounts receivable, net10,4733,155
Inventories2,821228
Other current assets1,236820
Total current assets20,4309,311
 
Long-term investments26,92926,483
Reinsurance recoverables5,5075,763
Deferred policy acquisition costs2,8212,237
Property and equipment4,5621,563
Deferred tax assets, net039
Goodwill44,5056,164
Other intangible assets39,003345
Other assets1,6301,431
Separate account assets7,8398,423
TOTAL ASSETS153,22661,759
 
Liabilities:
Current insurance and contractholder liabilities6,8016,317
Pharmacy and service costs payable10,702305
Accounts payable4,366184
Accrued expenses and other liabilities7,0713,963
Short-term debt2,955240
Total current liabilities31,89511,009
 
Non-current insurance and contractholder liabilities19,97420,530
Deferred tax liabilities, net9,4530
Other non-current liabilities3,4702,838
Long-term debt39,5235,199
Separate account liabilities7,8398,423
TOTAL LIABILITIES112,15447,999
 
Redeemable noncontrolling interests3749
Shareholders' Equity
Common stock4 [1]74
Additional paid-in capital27,7512,940
Accumulated other comprehensive income (loss)(1,711)(1,082)
Retained earnings15,08815,800
Less: treasury stock, at cost(104)(4,021)
TOTAL SHAREHOLDERS' EQUITY41,02813,711
 
Noncontrolling interests70
Total equity41,03513,711
 
Total liabilities and shareholders' equity153,22661,759
 
Shareholders' Equity Per Share107.7156.20
[1] Par value per share, $0.01 in 2018 and $0.25 in 2017; shares issued, 381 million in 2018 and 296 million in 2017; authorized shares, 600 million in 2018 and 2017.
External Links 
CIGNA GROUP (CI) Fiscal Year 2018
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