Company: CI
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0001739940-25-000021
Chunk: 147

Company: Cigna Group
Filing Date: 2025-05-02
Form: 10-Q
Item: Part II, Item 4
Chunk 147
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 approximate fair value are excluded from the following table.Classification in Fair Value HierarchyMarch 31, 2025December 31, 2024(In millions)Fair ValueCarrying ValueFair ValueCarrying ValueCommercial mortgage loansLevel 3$1,228 $1,294 $1,256 $1,351 Long-term debt, including current maturities, excluding finance leasesLevel 2$28,149 $30,371 $28,392 $31,008 

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 (loss) in the same period that the related pre-tax AOCI reclassifications are recognized.Shareholders' other comprehensive loss, net of tax, for the three months ended March 31, 2025 and March 31, 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 EndedMarch 31,(In millions)20252024Securities and DerivativesBeginning balance$832 $171 Unrealized (depreciation) appreciation on securities and derivatives, before reclassification, net of tax benefit (expense) of $49 and $(39), respectively(134)104 Amounts reclassified to Shareholders' net income (loss), net of tax (benefit) of $(9) and $(5), respectively34 17 Other comprehensive (loss) income, net of tax(100)121 Ending balance$732 $292 Net long-duration insurance and contractholder liabilities measurement adjustmentsBeginning balance$(2,038)$(971)Net current period change in discount rate for certain long-duration liabilities, before reclassification, net of tax benefit of $33 and $186, respectively(108)(546)Amount