Company: CI
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0001739940-25-000028
Chunk: 132

Company: Cigna Group
Filing Date: 2025-07-31
Form: 10-Q
Item: Part II, Item 7
Chunk 132
---
UnrealizedDepreciationFairValueJune 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 unrealized loss position). Unrealized depreciation on these debt securities is primarily due to declines in fair value resulting from increasing interest rates since these securities were purchased. June 30, 2025December 31, 2024(Dollars in millions)FairValueAmortizedCostUnrealizedDepreciationNumberof IssuesFairValueAmortizedCostUnrealizedDepreciationNumberof IssuesOne year or lessInvestment grade$452 $456 $(4)187$1,203 $1,227 $(24)545 Below investment grade74 78 (4)308245 250 (5)739 More than one yearInvestment grade3,505 3,924 (419)9844,687 5,319 (632)1,297 Below investment grade219 248 (29)81416 469 (53)123