Company: CI
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0001739940-25-000037
Chunk: 214

Company: Cigna Group
Filing Date: 2025-10-30
Form: 10-Q
Item: Part II, Item 13
Chunk 214
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Note 13 – Accumulated Other Comprehensive Income (Loss)Accumulated Other Comprehensive Income (Loss) ("AOCI") includes net unrealized (depreciation) 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 nine months ended September 30, 2025 and September 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 EndedSeptember 30,Nine Months EndedSeptember 30,(In millions)2025202420252024Securities and derivativesBeginning balance$1,053 $400 $832 $171 Unrealized (depreciation) appreciation on securities and derivatives, before reclassification, net of tax benefit (expense) of $137, $(65), $93 and $(133), respectively(406)254 (237)435 Amounts reclassified to Shareholders' net income, net of tax (benefit) of $(1), $(2), $(14) and $(15), respectively5 10 57 58 Other comprehensive (loss) income, net of tax(401)264 (180)493 Ending balance$652 $664 $652 $664 Net long-duration insurance and contractholder liabilities measurement adjustmentsBeginning balance$(2,815)$(1,743)$(2,038)$(971)Net current period change in discount rate for certain long-duration liabilities, before reclassification, net of tax (expense) benefit of $(146), $3, $92 and $265, respectively427 (31)(296)(789)Amounts reclassified to Shareholders' net income, net of tax expense of $—, $—, $16 and $—, respectively— — (56)— Net current