Schedule I - Condensed Financial Information of Registrant (Tables)

12 Months Ended

Dec. 31, 2019

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*		Cigna*		Old Cigna*
(in millions)	2019		2018		2017
Revenues
Net investment income	$	-	$	123	$	-
Intercompany interest income		6		-		-
Total revenues		6		123		-
Operating expenses
Selling, general and administrative expenses		(85)		200		195
Total operating expenses		(85)		200		195
Income (loss) from operations		91		(77)		(195)
Interest and other (expense)		(1,032)		(244)		(246)
Intercompany interest (expense)		(127)		(5)		(18)
Debt extinguishment costs		-		-		(321)
Realized investment (loss)		-		(1)		-
Loss before taxes		(1,068)		(327)		(780)
Income tax (benefit)		(251)		(74)		(194)
Loss of Parent Company		(817)		(253)		(586)
Equity in income of subsidiaries		5,921		2,890		2,823
Shareholders' net income		5,104		2,637		2,237
Shareholders' other comprehensive income (loss), net of tax
Net unrealized appreciation (depreciation) on securities and derivatives		957		(365)		(37)
Net translation (losses) gains of foreign currencies		(54)		(152)		304
Postretirement benefits liability adjustment		(133)		127		33
Shareholders' other comprehensive income (loss), net of tax		770		(390)		300
Shareholders' comprehensive income	$	5,874	$	2,247	$	2,537
* As described in Note 4 to the Consolidated Financial Statements, on December 20, 2018, Old Cigna became a wholly-owned subsidiary of Cigna, and Cigna became the Registrant.

See Notes to Financial Statements on the following pages.

(In millions)
2020	$	3,099
2021	$	3,812
2022	$	1,770
2023	$	4,699
2024	$	714
Maturities after 2024	$	18,638

Condensed Financial Information Of Parent Company Only, Balance Sheets

	As of December 31,
(in millions)	2019		2018
Assets
Cash and cash equivalents	$	-	$	243
Short-term investments		30		-
Other current assets		4		14
Total current assets		34		257
Intercompany receivable		4,111		-
Investments in subsidiaries		77,380		68,969
Other noncurrent assets		19		48
TOTAL ASSETS	$	81,544	$	69,274
Liabilities
Short-term debt	$	4,043	$	-
Other current liabilities		457		418
Total current liabilities		4,500		418
Intercompany payable		2,341		4,965
Long-term debt		29,365		22,863
TOTAL LIABILITIES		36,206		28,246
Shareholders’ Equity
Common stock (shares issued, 386 and 381 ; authorized, 600 )		4		4
Additional paid-in capital		28,306		27,751
Accumulated other comprehensive loss		(941)		(1,711)
Retained earnings		20,162		15,088
Less treasury stock, at cost		(2,193)		(104)
TOTAL SHAREHOLDERS’ EQUITY		45,338		41,028
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	$	81,544	$	69,274

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*		Cigna*		Old Cigna*
(in millions)	2019		2018		2017
Cash Flows from Operating Activities
Shareholders’ net income	$	5,104	$	2,637	$	2,237
Adjustments to reconcile shareholders’ net income
to net cash provided by operating activities
Equity in income of subsidiaries		(5,921)		(2,890)		(2,823)
Dividends received from subsidiaries		2,457		-		758
Other liabilities		43		412		(224)
Debt extinguishment costs		-		-		321
Other, net		20		(14)		333
NET CASH PROVIDED BY OPERATING ACTIVITIES		1,703		145		602
Cash Flows from Investing Activities
Short-term investment purchased, net		(30)		-		(6)
Other, net		-		(27,115)		(11)
NET CASH (USED IN) INVESTING ACTIVITIES		(30)		(27,115)		(17)
Cash Flows from Financing Activities
Net change in amounts due to affiliates		2,015		4,437		1,955
Proceeds on issuance of commercial paper		944		-		100
Payments for debt extinguishment		-		-		(313)
Repayment of long-term debt		(3,002)		-		(1,250)
Net proceeds on issuance of long-term debt		-		22,856		1,581
Issuance of common stock		224		1		131
Common dividends paid		(15)		-		(10)
Repurchase of common stock		(1,987)		(32)		(2,725)
Tax withholding on stock compensation and other		(82)		(49)		(63)
Other		(13)		-		-
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES		(1,916)		27,213		(594)
Net (decrease) increase in cash and cash equivalents		(243)		243		(9)
Cash and cash equivalents, beginning of year		243		-		18
Cash and cash equivalents, end of year	$	-	$	243	$	9
* As described in Note 4 to the Consolidated Financial Statements, on December 20, 2018, Old Cigna became a wholly-owned subsidiary of Cigna, and Cigna became the Registrant.

See Notes to Financial Statements on the following pages.