content_image/135720.jpg
## Other Operations Segment 

## Segment Description 

Cigna’s Other Operations segment includes the results of the following businesses: 

corporate-owned life insurance (‘‘COLI’’); GLYPH<127> 

deferred gains recognized from the sale of the retirement benefits and individual life insurance and annuity businesses; and GLYPH<127> 

run-off settlement annuity business. GLYPH<127> 

## Results of Operations 

## Financial Summary 

<img src='content_image/135720.jpg'>

Segment earnings decreased 8% in 2012 compared with 2011, primarily reflecting lower COLI interest margins and mortality gains and the continued decline in deferred gain amortization associated with the sold businesses. 

Segment earnings increased in 2011 compared with 2010, reflecting a $4 million increase from completing the Company’s 2007 and 2008 IRS examination during the first quarter of 2011. 

## Revenues 

Premiums and fees  reflect fees charged primarily on universal life insurance policies in the COLI business. Premiums and fees decreased 12% in 2012, compared with 2011 due to lower policyholder death benefit exposures. 

Net investment income  decreased 3% in 2012 compared with 2011, primarily reflecting lower average yields and decreased 1% in 2011 compared with 2010 due to lower portfolio yields partially offset by higher average invested assets. 

## Corporate 

## Description 

Other revenues  were flat in 2012 compared with 2011 and decreased 8% in 2011 compared with 2010 primarily due to lower deferred gain amortization related to the sold retirement benefits and individual life insurance and annuity businesses. 2012 results were partially offset by higher investment management fees. 

Benefits and expenses  decreased 7% in 2012 compared with 2011 primarily due to favorable COLI claims experience and lower policyholder death benefit coverage and the absence of a charge recorded in the first quarter of 2011 to reimburse the buyer of the retirement benefits business with a portion of the tax benefits resulting from the completion of the 2007 and 2008 IRS examination as required under a tax sharing agreement. 

For more information regarding the sale of these businesses see Note 8 to the Consolidated Financial Statements. 

Corporate reflects amounts not allocated to operating segments, such as net interest expense (defined as interest on corporate debt less net investment income on investments not supporting segment operations), interest on uncertain tax positions, certain litigation matters, intersegment eliminations, compensation cost for stock options and certain corporate overhead expenses such as directors’ expenses and pension expense related to the Company’s frozen pension plans. 

