Company: CI
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0001739940-25-000037
Chunk: 82

Company: Cigna Group
Filing Date: 2025-10-30
Form: 10-Q
Item: Part I, Item 1
Chunk 82
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uity reinsurance business via a reinsurance transaction in 2013. Variable annuity contracts are accounted for as assumed and ceded reinsurance and categorized as market risk benefits as discussed in Note 9 to the Consolidated Financial Statements. Berkshire reinsured 100% of the Company's future cash flows in this business, net of other reinsurance arrangements existing at that time. The reinsurance agreement is subject to an overall limit, with approximately $3.0 billion remaining as of September 30, 2025. As a result of the reinsurance transaction, amounts payable are offset by a corresponding reinsurance recoverable, provided the increased recoverable remains within the overall Berkshire limit. As of both September 30, 2025 and 2024, market risk benefits (shown in the table net of nonperformance risk as of September 30, 2025) were predominantly reinsured by Berkshire, which is rated AA+ by an NRSRO. As of September 30, 2025, approximately 100% of the Berkshire recoverable is secured by assets in a trust. 

Note 11 – Investments

The following table summarizes the Company's investments by category and current or long-term classification:September 30, 2025December 31, 2024(In millions)CurrentLong-TermTotalCurrentLong-TermTotalDebt securities$490 $7,861 $8,351 $463 $8,960 $9,423 Equity securities17 3,500 3,517 7 554 561 Commercial mortgage loans100 1,158 1,258 108 1,243 1,351 Policy loans— 1,080 1,080 — 1,156 1,156 Other long-term investments— 4,884 4,884 — 4,576 4,576 Short-term investments276 — 276 170 — 170 Total$748 $16,489 $17,237 Investments classified as assets of businesses held for sale (1)(83)(1,361)(1,444)Investments per Consolidated Balance Sheets$883 $18,483 $19,366 $665 $15,128 $15,793 (1) Investments related to the HCSC transaction that were held for sale as of December 31, 2024. These investments were primarily comprised of debt securities.

19

A.Investment