Cigna Group
For the period ended Jun 30, 2025. Filed Jul 31, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2025 · Filed Jul 31, 2025
Extracted filing text, with the paragraph anchors used by the comparison.
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Accumulated Other Comprehensive Income (Loss)
Note 13 – Accumulated Other Comprehensive Income (Loss)
Accumulated Other Comprehensive Income (Loss) ("AOCI") includes net unrealized appreciation on securities and derivatives, change in discount rate and instrument-specific credit risk for certain long-duration insurance contractholder liabilities (see Note 9 to the Consolidated Financial Statements), foreign currency translation, and the net postretirement benefits liability adjustment. AOCI includes the Company's share from unconsolidated entities reported on the equity method. Generally, tax effects in AOCI are established at the currently enacted tax rate and reclassified to Shareholders' net income in the same period that the related pre-tax AOCI reclassifications are recognized.
Shareholders' other comprehensive loss, net of tax, for the three and six months ended June 30, 2025 and June 30, 2024 is primarily attributable to the change in discount rates for certain long-duration liabilities and unrealized changes in the market values of securities and derivatives, including the impacts from unconsolidated entities reported on the equity method.
Changes in the components of AOCI were as follows:
| Three Months EndedJune 30, | Six Months EndedJune 30, | |||
|---|---|---|---|---|
| (In millions) | 2025 | 2024 | 2025 | 2024 |
| Securities and derivatives | ||||
| Beginning balance | $732 | $292 | $832 | $171 |
| Unrealized appreciation on securities and derivatives, before reclassification, net of tax (expense) of $(93), $(29), $(44) and $(68), respectively | 303 | 77 | 169 | 181 |
| Amounts reclassified to Shareholders' net income, net of tax (benefit) of $(4), $(8), $(13) and $(13), respectively | 18 | 31 | 52 | 48 |
| Other comprehensive income, net of tax | 321 | 108 | 221 | 229 |
| Ending balance | $1,053 | $400 | $1,053 | $400 |
| Net long-duration insurance and contractholder liabilities measurement adjustments | ||||
| Beginning balance | $(2,206) | $(1,531) | $(2,038) | $(971) |
| Net current period change in discount rate for certain long-duration liabilities, before reclassification, net of tax benefit of $205, $76, $238 and $262, respectively | (615) | (212) | (723) | (758) |
| Amounts reclassified to Shareholders' net income, net of tax expense of $—, $—, $16 and $—, respectively | — | — | (56) | — |
| Net current period change in discount rate for certain long-duration liabilities, net of tax benefit of $205, $76, $254 and $262, respectively | (615) | (212) | (779) | (758) |
| Net current period change in instrument-specific credit risk for market risk benefits, net of tax (expense) benefit of $(2), $—, $(1) and $4, respectively | 6 | — | 2 | (14) |
| Other comprehensive (loss), net of tax | (609) | (212) | (777) | (772) |
| Ending balance | $(2,815) | $(1,743) | $(2,815) | $(1,743) |
| Translation of foreign currencies | ||||
| Beginning balance | $(185) | $(175) | $(198) | $(149) |
| Net translation of foreign currencies, before reclassification, net of tax (expense) of $(2), $(1), $(8) and $(3), respectively | 65 | (5) | 78 | (31) |
| Ending balance | $(120) | $(180) | $(120) | $(180) |
| Postretirement benefits liability | ||||
| Beginning balance | $(931) | $(910) | $(937) | $(915) |
| Amounts reclassified to Shareholders' net income, net of tax (benefit) of $(2), $—, $(4) and $(3), respectively | 6 | 7 | 12 | 12 |
| Net change due to valuation update, before reclassification, net of tax benefit of $3, $4, $3 and $4, respectively | (9) | (16) | (9) | (16) |
| Other comprehensive (loss) income, net of tax | (3) | (9) | 3 | (4) |
| Ending balance | $(934) | $(919) | $(934) | $(919) |
| Total Accumulated other comprehensive loss | ||||
| Beginning balance | $(2,590) | $(2,324) | $(2,341) | $(1,864) |
| Shareholders' other comprehensive loss, net of tax benefit of $105, $42, $187 and $183, respectively | (226) | (118) | (475) | (578) |
| Ending balance | $(2,816) | $(2,442) | $(2,816) | $(2,442) |
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