Schedule I - Condensed Financial Information of Registrant (Tables)

12 Months Ended

Dec. 31, 2018

Condensed Financial Information of Cigna Corporation (Registrant) [Abstract]

Condensed Financial Information Of Parent Company Only, Statements Of Income

	For the years ended
	December 31,
	Cigna*		Old Cigna*		Old Cigna*
(in millions)	2018		2017		2016
Revenues
Net investment income	$	123	$	-	$	-
Total revenues		123		-		-
Operating expenses
Selling, general and administrative expenses		200		195		281
Total operating expenses		200		195		281
Income (loss) from operations		(77)		(195)		(281)
Interest and other (expense)		(244)		(246)		(244)
Intercompany interest (expense)		(5)		(18)		(3)
Debt extinguishment costs		-		(321)		-
Realized investment (loss)		(1)		-		-
Loss before taxes		(327)		(780)		(528)
Income tax (benefit)		(74)		(194)		(146)
Loss of Parent Company		(253)		(586)		(382)
Equity in income of subsidiaries		2,890		2,823		2,249
Shareholders' net income		2,637		2,237		1,867
Shareholders’ other comprehensive income (loss)
Net unrealized (depreciation) on securities and derivatives		(365)		(37)		(60)
Net translation gains (losses) of foreign currencies		(152)		304		(95)
Postretirement benefits liability adjustment		127		33		23
Shareholders’ other comprehensive income (loss):		(390)		300		(132)
Shareholders' comprehensive income	$	2,247	$	2,537	$	1,735
* As described in Note 3, on December 20, 2018, through the "Merger," Old Cigna merged into a wholly-owned subsidiary of Cigna, and Cigna became the Registrant. Refer to Note 20 for Condensed Consolidated Financial Statements of Cigna and Old Cigna.

See Notes to Financial Statements on the following pages.

Condensed Financial Information Of Parent Company Only, Balance Sheets

	As of December 31,
	Cigna*		Old Cigna*
(in millions)	2018		2017
Assets
Cash and cash equivalents	$	243	$	9
Short-term investments		-		63
Other current assets		14		31
Total current assets		257		103
Intercompany receivable		-		200
Investments in subsidiaries		68,969		22,631
Other noncurrent assets		48		221
TOTAL ASSETS	$	69,274	$	23,155
Liabilities
Short-term debt	$	-	$	231
Other current liabilities		418		270
Total current liabilities		418		501
Intercompany payable		4,965		2,980
Long-term debt		22,863		5,112
Other noncurrent liabilities		-		851
TOTAL LIABILITIES		28,246		9,444
Shareholders’ Equity
Common stock (shares issued, 381 and 296; authorized, 600)		4		74
Additional paid-in capital		27,751		2,940
Accumulated other comprehensive loss		(1,711)		(1,082)
Retained earnings		15,088		15,800
Less treasury stock, at cost		(104)		(4,021)
TOTAL SHAREHOLDERS’ EQUITY		41,028		13,711
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	$	69,274	$	23,155
* As described in Note 3, on December 20, 2018, through the "Merger," Old Cigna merged into a wholly-owned subsidiary of Cigna, and Cigna became the Registrant. Refer to Note 20 for Condensed Consolidated Financial Statements of Cigna and Old Cigna.

See Notes to Financial Statements on the following pages.

Condensed Financial Information Of Parent Company Only, Statements Of Cash Flows

	For the years ended
	December 31,
	Cigna*		Old Cigna*		Old Cigna*
(in millions)	2018		2017		2016
Cash Flows from Operating Activities
Shareholders’ net income	$	2,637	$	2,237	$	1,867
Adjustments to reconcile shareholders’ net income
to net cash provided by operating activities
Equity in income of subsidiaries		(2,890)		(2,823)		(2,249)
Dividends received from subsidiaries		-		758		580
Other liabilities		412		(224)		(9)
Debt extinguishment costs		-		321		-
Other, net		(14)		333		187
NET CASH PROVIDED BY OPERATING ACTIVITIES		145		602		376
Cash Flows from Investing Activities
Short-term investment purchased, net		-		(6)		(3)
Other, net		(27,115)		(11)		(8)
NET CASH (USED IN) PROVIDED BY INVESTING ACTIVITIES		(27,115)		(17)		(11)
Cash Flows from Financing Activities
Net change in amounts due to (from) affiliates		4,437		1,955		(78)
Net change in short-term debt		-		100		(100)
Payments for debt extinguishment		-		(313)		-
Repayment of long-term debt		-		(1,250)		-
Net proceeds on issuance of long-term debt		22,856		1,581		-
Issuance of common stock		1		131		36
Common dividends paid		-		(10)		(10)
Repurchase of common stock		(32)		(2,725)		(139)
Tax withholding on stock compensation and other		(49)		(63)		(72)
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES		27,213		(594)		(363)
Net increase (decrease) in cash and cash equivalents		243		(9)		2
Cash and cash equivalents, beginning of year		-		18		16
Cash and cash equivalents, end of year	$	243	$	9	$	18
* As described in Note 3, on December 20, 2018, through the "Merger," Old Cigna merged into a wholly-owned subsidiary of Cigna, and Cigna became the Registrant. Refer to Note 20 for Condensed Consolidated Financial Statements of Cigna and Old Cigna.
(1) As required in adopting ASU 2016-09, the Company retrospectively reclassified $79 million cash payments from operating to financing activities in 2015. These payments were related to employee tax obligations associated with stock compensation. The comparable amounts reported in financing activities were $61 million in 2017 and $72 million in 2016.

See Notes to Financial Statements on the following pages.

Condensed Financial Information Of Parent Company Only, Maturity of Long-term Debt

Maturity of the Company’s long-term debt is as follows:

(In millions)

2019

$

-

2020

$

2,750

2021

$

5,250

2022

$

-

2023

$

3,800

Maturities after 2023

$

11,200