Company: CI
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0001739940-25-000028
Chunk: 13

Company: Cigna Group
Filing Date: 2025-07-31
Form: 10-Q
Item: Part II, Item 4
Chunk 13
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 fair value by contractual maturity periods for debt securities were as follows as of June 30, 2025:(In millions)AmortizedCostFairValueDue in one year or less$620 $543 Due after one year through five years3,587 3,556 Due after five years through ten years2,280 2,203 Due after ten years2,033 1,838 Mortgage and other asset-backed securities277 249 Total$8,797 $8,389 Actual maturities of these securities could differ from their contractual maturities used in the table above because issuers may have the right to call or prepay obligations, with or without penalties.Gross unrealized appreciation (depreciation) on debt securities by type of issuer is shown below:(In millions)AmortizedCostAllowance for Credit LossUnrealizedAppreciationUnrealizedDepreciationFairValueJune 30, 2025Federal government and agency$212 $— $16 $(4)$224 State and local government24 — — — 24 Foreign government399 — 10 (8)401 Corporate7,885 (124)145 (415)7,491 Mortgage and other asset-backed277 — 1 (29)249 Total$8,797 $(124)$172 $(456)$8,389 December 31, 2024Federal government and agency$276 $— $14 $(9)$281 State and local government37 — 1 (1)37 Foreign government350 — 5 (11)344 Corporate9,091 (111)102 (659)8,423 Mortgage and other asset-backed371 — 1 (34)338 Total$10,125 $(111)$123 $(714)$9,423 

Review of Declines in Fair Value. Management reviews debt securities in an unrealized loss position to determine whether a credit loss allowance is needed based on criteria that include severity of decline; financial health and specific prospects of the issuer; and changes in the regulatory, economic or general market environment of the issuer's industry or geographic region.The table below summarizes debt securities with a decline in fair value from amortized cost for which an allowance for credit losses has not been recorded (by investment grade and the length of time these securities have been in an unreal