Company: CI
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0001739940-25-000021
Chunk: 238

Company: Cigna Group
Filing Date: 2025-05-02
Form: 10-Q
Item: Part II, Item 11
Chunk 238
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265 $(714)2,704 

18

Equity SecuritiesThe following table provides the values of the Company's equity security investments: March 31, 2025 December 31, 2024(In millions) CostCarrying Value CostCarrying ValueEquity securities with readily determinable fair values$637 $38 $635 $37 Equity securities with no readily determinable fair value3,217 521 3,215 524 Total$3,854 $559 $3,850 $561 

Commercial Mortgage Loans

Mortgage loans held by the Company are made exclusively to commercial borrowers and are diversified by property type, location and borrower. Loans are generally issued at fixed rates of interest and are secured by high-quality, primarily completed and substantially leased operating properties.

The Company regularly evaluates and monitors credit risk from the initial mortgage loan underwriting and throughout the investment holding period. The annual portfolio review performed in the second quarter of 2024 confirmed ongoing strong overall credit quality in line with the previous year's results. For more information on the Company's accounting policies and methodologies regarding these investments, see Note 11 in the Company's 2024 Form 10-K.

The following table summarizes the credit risk profile of the Company's commercial mortgage loan portfolio:(Dollars in millions)March 31, 2025December 31, 2024Loan-to-Value RatioCarrying ValueAverage Debt Service Coverage RatioAverage Loan-to-Value RatioCarrying ValueAverage Debt Service Coverage RatioAverage Loan-to-Value RatioBelow 60%$503 2.05$547 2.0760% to 79%628 1.71595 1.8380% to 100%163 0.88209 0.51Total$1,294 1.7269 %$1,351 1.7069 %

Other Long-Term InvestmentsOther long-term investments include investments in unconsolidated entities, including certain limited partnerships and limited liability companies holding real estate, securities or loans. These investments are carried at cost plus the Company's ownership percentage of reporting income or loss, based on the financial statements of the underlying investments that are generally reported at fair value. Income or loss from these investments is reported on a one quarter lag due to the timing of when financial information is received from the general partner or manager of the investments. Other long-term investments also include investment real estate carried at depreciated cost less any impairment write