Company: CI
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0001739940-25-000037
Chunk: 144

Company: Cigna Group
Filing Date: 2025-10-30
Form: 10-Q
Item: Part II, Item 7
Chunk 144
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 further information.

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Changes in Level 3 Financial Assets and Financial Liabilities Carried at Fair ValueThe following table summarizes the changes in financial assets and financial liabilities classified in Level 3. Gains and losses reported in the table may include net changes in fair value that are attributable to both observable and unobservable inputs.Three Months EndedSeptember 30,Nine Months EndedSeptember 30,(In millions)2025202420252024Beginning balance$362 $397 $417 $447 Losses included in Shareholders' net income(9)(10)(23)(71)Gains included in Other comprehensive income (loss)21 8 31 3 Purchases, sales and settlementsPurchases617 4 644 15 Sales(1)(2)(3)(2)Settlements(21)(4)(101)(19)Total purchases, sales and settlements595 (2)540 (6)Transfers into / (out of) Level 3Transfers into Level 310 32 59 63 Transfers out of Level 3— (2)(45)(13)Total transfers into / (out of) Level 310 30 14 50 Ending balance$979 $423 $979 $423 Total losses included in Shareholders' net income attributable to instruments held at the reporting date$(6)$(9)$(23)$(71)Change in unrealized gain or (loss) included in Other comprehensive income (loss) for assets held at the end of the reporting period$11 $8 $18 $3 Total gains and losses included in Shareholders' net income in the tables above are reflected in the Consolidated Statements of Income as Net investment gains (losses) and Net investment income. Gains and losses included in Other comprehensive income (loss), net of tax, in the tables above are reflected in Net unrealized (depreciation) appreciation on securities and derivatives in the Consolidated Statements of Comprehensive Income.Transfers into or out of the Level 3 category occur when unobservable inputs, such as the Company's best estimate of what a market participant would use to determine a current transaction price, become more or less significant to the fair value measurement. Market activity typically decreases during periods of economic uncertainty, and this decrease in activity reduces the availability of market observable data. As a result, the level of unobservable judgment that must be applied to the pricing of certain instruments increases and is typically observed through the