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Insurance: Segment reporting (ASU 2023-07)
Verbatim excerpt (386 words), formatting simplified. View full filing on EDGAR →(1) Other segment items represent the difference between segment adjusted revenues less significant segment expenses and pre-tax adjusted income (loss) from operations, and they do not represent significant segment items relative to the CODM's review and oversight.
(2) Includes Net investment gains/losses as presented in our Consolidated Statements of Income, as well as the Company's share of certain investment results of its joint ventures reported in the Cigna Healthcare segment using the equity method of accounting, which are presented within Fees and other revenues in our Consolidated Statements of Income.
(In millions) Evernorth Health Services Cigna Healthcare Other Operations Corporate and Eliminations Total 2024 Revenues from external customers 198,177 47,528 440 3 246,148 Intersegment revenues 3,775 4,972 79 ( 8,826 ) Net investment income 21 618 309 25 973 Total revenues 201,973 53,118 828 ( 8,798 ) 247,121 Net investment results from certain equity method investments — ( 204 ) — — ( 204 ) Special item related to impairment of dividend receivable 182 — — — 182 Adjusted revenues 202,155 52,914 828 ( 8,798 ) 247,099 Pharmacy and other service costs 190,968 — Medical costs — 37,887 Selling, general and administrative expenses 3,779 10,805 Other segment items (1) Interest (expense) and other ( 2 ) 7 Less: Income attributable to noncontrolling interests 405 — Pre-tax adjusted income (loss) from operations 7,001 4,229 ( 9 ) ( 1,688 ) 9,533 Income (loss) before income taxes 3,929 3,315 ( 12 ) ( 1,963 ) 5,269 Pre-tax adjustments to reconcile to adjusted income from operations (Income) attributable to noncontrolling interests ( 405 ) — — — ( 405 ) Net investment losses (2) 2,129 401 3 — 2,533 Amortization of acquired intangible assets 1,662 41 — — 1,703 Special items Integration and transaction-related costs — — — 275 275 Impairment of dividend receivable 182 — — — 182 Net (gain) loss on sale of businesses ( 496 ) 472 — — ( 24 ) (1) Other segment items represent the difference between segment adjusted revenues less significant segment expenses and pre-tax adjusted income (loss) from operations, and they do not represent significant segment items relative to the CODM's review and oversight.
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Templates & resources
- AICPA & CIMA – SEC reporting resources (AICPA & CIMA · Professional body · Free / member)
- BDO Accounting, Reporting & Compliance Hub (ARCH) (BDO · Firm guide · Free)
- Deloitte DART – Roadmap Series (Deloitte · Firm guide · Free)
- Deloitte Roadmap: Segment Reporting (Deloitte · Firm guide · Free)
- FASB – Accounting Standards Updates effective dates (FASB · Standard setter · Free)
- KPMG Financial Reporting View (KPMG · Firm guide · Free)
- KPMG Handbook: Segment reporting (KPMG · Firm guide · Free)
- SEC – EDGAR Full Text Search (SEC · Regulator · Free)