Company: CI
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0001739940-25-000028
Chunk: 294

Company: Cigna Group
Filing Date: 2025-07-31
Form: 10-Q
Item: Part II, Item 3
Chunk 294
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 summarizes the credit risk profile of the Company's commercial mortgage loan portfolio:(Dollars in millions)June 30, 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%$422 2.02$547 2.0760% to 79%704 1.77595 1.8380% to 100%185 0.83209 0.51Total$1,311 1.6970 %$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-downs to fair value when cash flow estimates indicate that the carrying value may not be recoverable. Additionally, statutory and other restricted deposits and foreign currency swaps carried at fair value are reported in the table below as Other. The following table provides the carrying value information for these investments:Carrying Value as of(In millions)June 30, 2025December 31, 2024Real estate investments$1,866 $1,763 Securities partnerships2,781 2,587 Other185 226 Total$4,832 $4,576 

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B.Derivative Financial Instruments

The Company uses derivative financial instruments to manage the characteristics of investment assets (such as duration, yield, currency and liquidity) to meet the varying demands of the related insurance and contractholder liabilities. The Company also uses derivative financial instruments to hedge the risk of changes in the net assets of certain of its foreign subsidiaries due to changes in foreign currency exchange rates and to hedge the interest rate risk of certain long-term debt.

As of June 30, 2025, the notional value of interest rate swap contracts decreased to $2.6 billion compared with $2.7 billion as of December 31, 2024. There