UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
 

FORM 11-K
 

(Mark One)

[X]
ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the fiscal year ended December 31, 2017

OR

[  ]
TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from      to ___

Commission File Number 1-08323

   
A.
Full title of the plan and the address of the plan, if different from that of the issuer named below:

Cigna 401(k) Plan

B.
Name of issuer of the securities held pursuant to the plan and the address of its principal executive office:

Cigna Corporation
900 Cottage Grove Road
Bloomfield, Connecticut 06002


Required Information

Financial statements and schedules for the Cigna 401(k) Plan, prepared in accordance with the financial reporting requirements of the Employee Retirement Income Security Act of 1974, are contained in this Annual Report on Form 11-K.



Exhibits

Exhibits are listed in the Index to Exhibits.
 
 
 









CIGNA 401(k) PLAN
 
Financial Statements and
Supplemental Schedule
 
December 31, 2017 and 2016
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 



 
CIGNA 401(k) PLAN
 
TABLE OF CONTENTS
   
 
 
 
Page
   
Report of Independent Registered Public Accounting Firm
3
   
Financial Statements
 
   
Statements of Net Assets Available for Benefits as of December 31, 2017 and 2016
5
   
Statement of Changes in Net Assets Available for Benefits for the Year Ended December 31, 2017
6
   
Notes to the Financial Statements
7
   
Supplemental Schedule*
 
   
     Form 5500 Schedule H, Line 4i - Schedule of Assets (Held at End of Year) as of December 31, 2017
 
18
*Other supplemental schedules required by Section 2520.103‑10 of the Department of  Labor's Rules and Regulations for Reporting and Disclosure under ERISA have been  omitted because they are not applicable
 
   
   
   
   
   

 


Report of Independent Registered Public Accounting Firm

To the Administrator and Plan Participants of Cigna 401(k) Plan

Opinion on the Financial Statements

We have audited the accompanying statements of net assets available for benefits of Cigna 401(k) Plan  (the “Plan”) as of December 31, 2017 and 2016 and the related statement of changes in net assets available for benefits for the year ended December 31, 2017, including the related notes (collectively referred to as the “financial statements”).  In our opinion, the financial statements present fairly, in all material respects, the net assets available for benefits of the Plan as of December 31, 2017 and 2016, and the changes in net assets available for benefits for the year ended December 31, 2017 in conformity with accounting principles generally accepted in the United States of America.

Basis for Opinion

These financial statements are the responsibility of the Plan’s management.  Our responsibility is to express an opinion on the Plan’s financial statements based on our audits.  We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (“PCAOB”) and are required to be independent with respect to the Plan in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audits of these financial statements in accordance with the standards of the PCAOB.  Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud.

Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks.  Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements.  Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audits provide a reasonable basis for our opinion.

Supplemental Information

The supplemental Schedule of Assets (Held at End of Year) as of December 31, 2017 has been subjected to audit procedures performed in conjunction with the audit of the Plan’s financial statements.  The supplemental schedule is the responsibility of the Plan’s management.  Our audit procedures included determining whether the supplemental schedule reconciles to the financial statements or the underlying accounting and other records, as applicable, and performing procedures to test the completeness and accuracy of the information presented in the supplemental schedule. In forming our opinion on the supplemental schedule, we evaluated whether the supplemental schedule, including its form and content, is presented in conformity with the Department of Labor’s Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974.  In our opinion, the supplemental schedule is fairly stated, in all material respects, in relation to the financial statements as a whole.
 

 



/s/ PricewaterhouseCoopers LLP


Philadelphia, Pennsylvania
June 26, 2018


We have served as the Plan’s auditor since at least 1994. We have not determined the specific year we began serving as auditor of the Plan.



CIGNA 401(k) PLAN
 
               
STATEMENTS OF NET ASSETS AVAILABLE FOR BENEFITS
 
               
               
     
As of
 
     
December 31,
 
     
2017
   
2016
 
     
(In thousands)
 
Assets
           
               
Investments, at fair value (See Note 3)
$
3,955,826
 
$
3,024,898
 
               
Investments, at contract value (See Note 4)
 
2,013,750
   
1,932,851
 
               
Notes receivable
 
91,783
   
88,482
 
               
Employer contributions receivable
 
6,380
   
6,366
 
               
Net assets available for benefits
$
6,067,739
 
$
5,052,597
 
               
               
               
               
               
               
               
               
               
               
The accompanying Notes to the Financial Statements are an integral part of these statements.
 
 
 
 
5

 
 
CIGNA 401(k) PLAN
       
STATEMENT OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS
       
   
For the Year Ended
 
   
December 31,
 
   
2017
 
   
(In thousands)
 
       
Investment Income
     
       
   Net appreciation in fair value of investments
$
890,207
 
       
   Interest
 
56,428
 
       
   Dividends
 
210
 
       
        Net investment income
 
946,845
 
       
Interest income on notes receivable from participants
 
2,810
 
       
Contributions
     
       
   Employee contributions
 
226,393
 
       
   Employer contributions
 
118,766
 
       
   Rollover contributions
 
27,395
 
       
        Total contributions
 
372,554
 
       
Deductions
     
       
   Benefits paid to participants
 
(305,184)
 
       
   Plan expenses
 
(1,883)
 
       
        Total deductions
 
(307,067)
 
       
Net increase
 
1,015,142
 
       
       
Net assets available for benefits
     
   Beginning of year
 
5,052,597
 
       
   End of year
$
6,067,739
 
       
       
       
       
The accompanying Notes to the Financial Statements are an integral part of these statements.
 
6

CIGNA 401(k) PLAN
NOTES TO THE FINANCIAL STATEMENTS
 
Note 1 – Description of the Plan

The following description of the Cigna 401(k) Plan (the "Plan") provides general information only.  A more complete explanation of the features and benefits available under the Plan, a defined contribution plan, is contained in the Plan's Summary Plan Description and Prospectus.  Generally, all U.S.-based employees of participating subsidiaries of Cigna Corporation ("Cigna", the "Company" or "Plan Sponsor") are eligible to participate in the Plan. The Plan is subject to the provisions of the Employee Retirement Income Security Act of 1974, as amended (ERISA).  As of December 31, 2017 and 2016 and for the year ended December 31, 2017, Prudential Bank & Trust, FSB, was the Trustee for the Plan.

Plan Administration

The Cigna Corporation Retirement Plan Committee, which is comprised of three members of Cigna's management, is the primary Plan fiduciary. This committee delegates responsibility for administration of the Plan to the Plan Administrator, a Cigna employee, and responsibility for the Plan's financial management to Cigna's Chief Financial Officer (CFO).  The Plan Administrator and CFO have arranged with Prudential Retirement Insurance and Annuity Company (PRIAC) to perform the primary administrative, recordkeeping and asset management functions on behalf of the Plan.  The Retirement Plan Committee is responsible for, among other things, selecting and monitoring the Plan's investments.

Investments

The Plan's investment options include a fixed income fund, which is supported by both traditional and synthetic fully benefit-responsive investment contracts (see Note 5); Cigna common stock; and pooled separate accounts that invest in a variety of underlying funds. Participants may transfer assets among the investment options, subject to certain restrictions.  For example, transfers involving assets invested in Cigna common stock may be subject to restrictions imposed under Cigna Corporation's Policy on Securities Transactions and Insider Trading.  See Notes 3 and 4 for additional information regarding the Plan's investment options.

The Plan uses an age-appropriate Moderate target portfolio under Prudential Retirement's GoalMaker® asset allocation program (GoalMaker) as its default investment option. GoalMaker meets the requirements to be a Qualified Default Investment Alternative (QDIA) under federal law.  Participants are invested in the QDIA if they have not made their own investment allocation election or may be invested due to a plan merger if they do not elect how their old plan account should be invested after the plan merger occurs.

Employee Contributions

The Plan permits employees to make pre-tax and Roth contributions (regular and catch-up). The contribution rate maximum is 80% of a participant's eligible pay.  This is a total limit that applies to all employee contributions.  As a result of the Plan's use of a "qualified automatic contribution arrangement" (QACA) safe harbor, highly-compensated employees are not subject to a separate contribution rate limit.

The Plan uses an automatic contribution rate increase program called Contribution Accelerator.  If an eligible participant's pre-tax contribution rate is at least 1% but less than 8%, the contribution rate is automatically increased by 1% at the beginning of each year until it reaches 8%.  Eligible participants can opt out of Contribution Accelerator or change the date when the increase would go into effect each year.

7

CIGNA 401(k) PLAN
NOTES TO THE FINANCIAL STATEMENTS
All employees, however, are still subject to the annual dollar limit set by the Internal Revenue Service (IRS).  Employee contributions may be invested in any combination of investment options offered by the Plan subject to certain other Internal Revenue Code (IRC) limitations and any restrictions imposed under Cigna Corporation's Policy on Securities Transactions and Insider Trading.

Employer Contributions

All employees are eligible for employer-matching contributions as soon as they join the Plan. Regular matching contributions are made at the same time employee contributions are made, typically bi-weekly, but no less frequently than monthly.

The Plan also provides a "true-up" matching contribution after the close of each Plan year.  The true-up match is an added employer contribution, if necessary to make the year's total matching contributions equal to what they would have been on a "look-back" if all employee match eligible contributions were made as of the end of the year and matching contributions were based on the participant's total annual eligible earnings as of the end of the year.  The true-up match provides otherwise missed regular matching contributions for eligible participants caused by changes in an employee's contributions rates during the year.

All types of matching contributions (regular and true-up) are collectively referred to as "employer contributions."

The maximum effective regular matching contribution is equal to 4.5% of a participant's eligible earnings.  The actual match rate is equal to: 100% of the participant's first 3% of pay contributed (a 3% of pay match), plus 50% of the participant's next 3% of pay contributed (a 1.5% of pay match).  The company match rate applies to pre-tax, Roth contributions and catch-up contributions – to the extent those contributions are part of an employee's first 6% of pay contributed.

Following the passage of U.S. tax reform legislation in 2017, the Plan Sponsor has committed to providing an additional dollar for dollar match on the first one percent (1%) of eligible pay for 2018.  Cigna estimates this additional matching contribution to be about $30 million in 2018.

Rollover Contributions

The Plan may accept rollover contributions.  Rollover contributions represent distributions received from other "eligible retirement plans," as defined in IRC section 401(a)(31)(E).  Distributions from other plans are subject to certain conditions to be eligible for rollover into the Plan.

Participant Accounts

Each participant's account is credited with the participant's contribution, the employer contribution and investment earnings, net of expenses.  The benefit to which a participant is entitled is the benefit that can be provided from the participant's vested account balance.

8

CIGNA 401(k) PLAN
NOTES TO THE FINANCIAL STATEMENTS
Vesting

Employee contributions and related investment earnings are fully vested at all times.

Employer contributions and related investment earnings become fully vested upon completion of two years of service.  Employer contributions made at any time and related investment earnings become fully vested earlier when an employee reaches age 65; dies; becomes totally and permanently disabled; or continues to be employed by a participating Cigna company that is sold and does not maintain a successor plan.  Early vesting also would occur if Cigna discontinues matching contributions or terminates the Plan.

Participants earn a year of vesting service if they have at least 1,000 hours of service during the calendar year.

Forfeitures

A participant who is not fully vested forfeits any unvested employer contributions and related investment earnings upon termination of employment.  Forfeited amounts are restored if a participant returns to Cigna before incurring five consecutive one-year breaks in service.  Forfeited amounts may be used to reduce future employer contributions and to offset certain plan expenses (other than routine administrative expenses) as determined by the Plan Administrator.  Employer contributions were reduced by forfeited amounts of approximately $1.4 million in 2017.

Notes Receivable

The notes receivable amount represents the unpaid principal balance on unpaid loans. The Plan permits participants to borrow a portion of their vested Plan account, subject to certain limitations, including restriction of post-2009 Cigna employer contributions, at an annual rate of interest with a specified repayment period.  The minimum amount that may be borrowed is $1,000; the maximum total loan amount is the lesser of $50,000 or 50% of the participant's vested account balance.  A participant may have no more than two outstanding loans.  Loan terms range from 12 to 60 months or up to 120 months if the loan is used to buy or build a participant's primary residence.  The annual interest rate for a Plan loan is 2% plus the yield of actively traded U.S. Treasury securities, adjusted by the U.S. Treasury Department to 3-year or 7-year constant maturities.  The maximum Plan loan interest rate is the bank prime loan rate that is in effect on the same date that the applicable Treasury rate is determined.  Loan interest rates remain fixed during the term of the loan.  The loan is secured by the participant's vested account balance.  PRIAC charges the participant a $50 fee to process Plan loans and a $25 annual loan maintenance fee for new loans initiated after March 29, 2018.

Payment of Benefits

Participants may withdraw funds subject to the requirements of the Plan.  Upon termination of employment for any reason, a participant may elect to receive either a lump-sum amount equal to the value of the participant's vested account balance, monthly installments over a period of years, an annuity, or a combination of these forms of payment.  If the participant's vested account balance is more than $1,000 but not more than $5,000 and the participant does not agree within 80 days to accept a lump sum, the amount will automatically be rolled over to an Individual Retirement Account or Individual Retirement Annuity (IRA) sponsored by a Prudential Retirement affiliate.  The IRA will be invested in an investment product designed to preserve principal and provide a reasonable rate of return and liquidity. All related expenses will be charged to the IRA. If a Plan participant with a balance greater than $5,000 terminates and does not withdraw funds, the account becomes inactive. Inactive plan participants can request withdrawals at any time.  Also, when a participant reaches age 70 ½, required minimum distributions must be made in accordance with IRS formulas.  To the extent a participant's account is invested in Cigna common stock, the participant may elect to receive such amounts in shares.
 
9

CIGNA 401(k) PLAN
NOTES TO THE FINANCIAL STATEMENTS

 
Plan Expenses

Administrative expenses and certain investment management fees are reported separately, and participant accounts are directly charged, on a quarterly basis, with the same administrative fee regardless of their investment options.  For the year ended December 31, 2017, the annualized fee was 0.04% of the participant's account balance up to a maximum of $200.

Brokers' commissions resulting from buying or selling Cigna common stock are paid from the participants' account balances and are reflected as a reduction of investment income in these financial statements.  Fees related to pooled separate accounts and underlying fund investments are netted against investment returns of each pooled separate account.  Other costs associated with the operation of the Plan, including trustee and legal fees, are paid by Cigna.

Plan Termination

Cigna intends to continue the Plan indefinitely but reserves the right to discontinue employer contributions or terminate the Plan in whole or in part at any time prior to that.  If contributions are discontinued or the Plan is terminated, affected participants will become fully vested.  Upon Plan termination, net assets of the Plan will be distributed in the manner Cigna elects in accordance with the Plan document and in accordance with ERISA and its related regulations.

Note 2 - Significant Accounting Policies

Basis of Presentation

The financial statements have been prepared on the accrual basis of accounting in conformity with accounting principles generally accepted in the United States of America (GAAP).  Amounts recorded in the financial statements reflect management's estimates and assumptions that affect the reported amount of assets, liabilities, and changes therein, and disclosure of contingent assets and liabilities at the date of the financial statements.  Significant estimates are discussed throughout these Notes; however, actual results could differ from those estimates.  In preparing these financial statements, management has evaluated events that occurred between December 31, 2017 and the date that the financial statements were issued, June 26, 2018 and determined that no additional disclosures were required.

10

CIGNA 401(k) PLAN
NOTES TO THE FINANCIAL STATEMENTS
Valuation of Investments and Income Recognition

Except for the fully benefit-responsive benefit investment contracts, plan investments are reported at fair value.  Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date.  The fair value of Cigna common stock is based upon its quoted market price.  Fair value of pooled separate accounts is measured by the net unit value, which is based on the fair value of the underlying assets of the account.

Purchases and sales of securities are recorded on a trade-date basis.  Interest is recognized when earned.  Dividends are recognized on the ex-dividend date.  Net appreciation or depreciation includes realized gains and losses on investments that were both purchased and sold during the period as well as unrealized appreciation or depreciation of the investments held at year end.

Payment of Benefits

Benefits are recorded when paid.

Note 3 - Fair Value Measurements

The Plan carries financial instruments, except the fully benefit-responsive investment contracts and notes receivable, at fair value in the financial statements. Fair value is defined as the price at which an asset could be exchanged in an orderly transaction between market participants at the balance sheet date.

Fair values are based on quoted market prices when available.  When market prices are not available, fair value is generally estimated using discounted cash flow analyses, incorporating current market inputs for similar financial instruments with comparable terms and credit quality.  In instances where there is little or no market activity for the same or similar instruments, fair value is estimated using methods, models and assumptions that the Plan Sponsor believes a hypothetical market participant would use to determine a current transaction price.  These valuation techniques involve some level of estimation and judgment by the Plan Sponsor, which becomes significant with increasingly complex instruments or pricing models.  

The Plan's financial assets carried at fair value have been classified based upon a hierarchy defined by GAAP.  The hierarchy gives the highest ranking to fair values determined using unadjusted quoted prices in active markets for identical assets (Level 1) and the lowest ranking to fair values determined using methodologies and models with significant unobservable inputs (Level 3). An asset's classification is based on the lowest level input that is significant to its measurement.  For example, a financial asset carried at fair value would be classified in Level 3 if unobservable inputs were significant to the instrument's fair value, even though the measurement may be derived using inputs that are both observable (Levels 1 and 2) and unobservable (Level 3).
11

CIGNA 401(k) PLAN
NOTES TO THE FINANCIAL STATEMENTS
Financial Assets Carried at Fair Value

The following table provides information as of December 31, 2017 and 2016 about the Plan's financial assets carried at fair value on a recurring basis.


                   
2017
 
Quoted Prices
   
Significant
       
   
in Active
   
Other
       
   
Markets for
   
Observable
       
   
Identical Assets
   
Inputs
       
(In thousands)
(Level 1)
 
(Level 2)
 
Total
 
Assets at fair value:
                 
Common stock
 
$
1,001,178
    $ -    
$
1,001,178
 
Pooled separate accounts:
                       
     Fixed maturities
    -      
134,011
     
134,011
 
     Equity securities
    -      
2,820,637
     
2,820,637
 
     Total assets at fair value
 
$
1,001,178
   
$
2,954,648
   
$
3,955,826
 
                         
2016
 
Quoted Prices
   
Significant
         
   
in Active
   
Other
         
   
Markets for
   
Observable
         
   
Identical Assets
   
Inputs
         
(In thousands)
(Level 1)
 
(Level 2)
 
Total
 
Assets at fair value:
                       
Common stock
 
$
711,170
   
$
-
   
$
711,170
 
Pooled separate accounts:
                       
     Fixed maturities
   
-
     
107,223
     
107,223
 
     Equity securities
   
-
     
2,206,505
     
2,206,505
 
     Total assets at fair value
 
$
711,170
   
$
2,313,728
   
$
3,024,898
 

Level 1 Financial Assets

Inputs include unadjusted quoted prices for identical assets in active markets accessible at the measurement date.  Active markets provide pricing data for trades occurring at least weekly and include exchanges and dealer markets.

Level 1 assets consist of shares of Cigna common stock valued at the closing price reported on the active markets on which Cigna common stock is traded.

Level 2 Financial Assets

Inputs include quoted prices for similar assets and liabilities in active markets, quoted prices from those willing to trade in markets that are not active, or other inputs that are observable or can be corroborated by market data for the term of the instrument.  Such inputs include market interest rates and volatilities, spreads and yield curves. An instrument is classified in Level 2 if the Plan Sponsor determines that unobservable inputs are insignificant.

Level 2 assets consist of investments in pooled separate accounts of PRIAC, investing in fixed income and equity security mutual funds.  These investments are priced daily using the unadjusted NAV as of the reporting date, which is the basis for current transactions. As these transactions occur directly with PRIAC and not on active markets, they are less observable and classified in Level 2.There have been no transfers between Level 1 and Level 2 assets for the years ended December 31, 2017and 2016.

12

CIGNA 401(k) PLAN
NOTES TO THE FINANCIAL STATEMENTS
Note 4 – Financial Assets Carried at Contract Value

The Plan's Fixed Income Fund is supported by four separate fully benefit-responsive investment contracts, including a traditional investment contract and three synthetic investment contracts. The Fixed Income Fund is a "fund of funds", and blends the crediting rates of the individual investment contracts to create a single melded crediting rate for the Fixed Income Fund. The melded rate approximates the rates of the supporting investment contracts and is utilized for Plan accounting purposes only.  While PRIAC does not guarantee, support or otherwise back the melded book value, participants may ordinarily direct the withdrawal or transfer of all or a portion of their investment at their melded book value.

The Plan transacts with each of the four separate contract issuers at contract value. These contracts meet the fully benefit-responsive investment contract criteria and therefore are reported at their contract value in the statements of net assets available for benefits. Contract value is the relevant measure for fully benefit-responsive investment contracts because this is the amount received by the Plan if participants were to initiate permitted transactions. Contract value represents contributions made under each contract, plus earnings, less withdrawals, and administrative expenses.

The following represents the disaggregation of contract value between types of investment contracts held by the Plan.


   
As of December 31,
 
(In thousands)
 
2017
   
2016
 
Financial assets at contract value:
           
Traditional investment contract
 
$
1,012,788
   
$
1,455,689
 
Synthetic investment contracts
   
1,000,962
     
477,162
 
Total
 
$
2,013,750
   
$
1,932,851
 
13

CIGNA 401(k) PLAN
NOTES TO THE FINANCIAL STATEMENTS
The key difference between a synthetic investment contract and a traditional investment contract is that the Plan owns the underlying assets of the synthetic investment contract. A synthetic investment contract includes a wrapper contract, which is an agreement for the wrap issuer insurance company, to make payments to the Plan in certain circumstances. The wrapper contract typically includes certain conditions and limitations on the underlying assets owned by the Plan. With traditional investment contracts, the Plan owns only the contract itself and there are no reserves against contract value for the credit risk of the contract issuer.

Synthetic and traditional investment contracts are designed to accrue interest based on crediting rates established by the contract issuers. The synthetic investment contracts held by the Plan include three wrapper contracts with, the Prudential Insurance Company of America (PICA), Voya Retirement Insurance and Annuity Company (VRIAC), and Massachusetts Mutual Life Insurance Company (MassMutual), each of which provide a guarantee that their crediting rate will not fall below 0 percent. Assets supporting these contracts are comprised of diversified fixed income securities. Cash flow volatility (for example, timing of benefit payments) as well as asset underperformance can be passed through to the Plan through adjustments to future contract crediting rates. Crediting rates are reviewed not less than annually for resetting, and any adjustments can then be passed through to participants, which would generally be performed through updating of the crediting rate for the Fixed Income Fund in order to bring the melded book value of the participants in line with the Plan's cumulative contract value on the four underlying fully benefit-responsive investment contracts.

The traditional investment contract held by the Plan is a guaranteed investment contract with PRIAC. The contract issuer is contractually obligated to repay the principal and interest at a specified interest rate that is guaranteed to the Plan. The crediting rate is based on a formula established by the contract issuer but may not be less than 0 percent and is reviewed not less than annually for resetting.

The Plan's ability to receive amounts due in accordance with fully benefit-responsive investment contracts is dependent on the third-party issuer's ability to meet its financial obligations. The issuer's ability to meet its contractual obligations may be affected by future economic and regulatory developments.

Certain events might limit the ability of the Plan to transact at contract value with the contract issuer. These events may be different under each contract. Examples of such events include the following:

1.
The Plan's failure to qualify under Section 401(a) of the Internal Revenue Code or the failure of the trust to be tax-exempt under Section 501(a) of the Internal Revenue Code;
2.
Premature termination of the contracts;
3.
Plan termination or merger;
4.
Changes to the Plan's prohibition on competing investment options;
5.
Bankruptcy of the plan sponsor or other plan sponsor events (for example, divestitures or spinoffs of a subsidiary) that significantly affect the Plan's normal operations;
6.
Bankruptcy of PRIAC, the contract issuer to the traditional investment contract.
Note that if these certain events were to occur, the Plan may not be able to transact at contract value with the contract issuers and may elect to reflect any difference between market value and contract value by adjusting participants' melded book value in the Fixed Income Fund. It is possible that under such events participants' melded book value may decrease, however, the Plan Sponsor does not believe it is probable that such events will occur.

14

CIGNA 401(k) PLAN
NOTES TO THE FINANCIAL STATEMENTS
Note 5 - Tax Status
 
The Plan's design and current operations are consistent with all IRS requirements for tax exemption.  This was confirmed by the IRS through the issuance to Cigna of a favorable Determination Letter dated March 27, 2018.  Management believes that no transaction, plan amendment or other action has been undertaken since the issuance of this IRS determination which would compromise the Plan's exempt status.  The Plan may be subject to IRS audit but there is no such audit currently in progress, nor has there been one in the recent pastTax years that remain open and subject to an audit based on IRS general procedures are 2013 to 2017.
 
Accounting principles generally accepted in the United States of America require the Plan's management to evaluate tax positions taken by the Plan and recognize a tax liability (or asset) if the Plan has taken an uncertain position that more likely than not would not be sustained upon examination by the Internal Revenue Service. As of December 31, 2017 and 2016, there were no uncertain positions taken that had an effect on the Plan financial statements or that required disclosure.
 
Note 6 - Related Party Transactions and Party in Interest Transactions

The Plan invests in Cigna common stock.  During the year ended December 31, 2017, the Plan purchased shares of Cigna common stock for approximately $24.6 million and sold shares of Cigna common stock for approximately $94.3 million, and experienced net appreciation of approximately $68.3 million.

The Plan also invests in pooled separate accounts and fully benefit-responsive investment contracts, which are administered by PRIAC, the Plan's third party administrator and record-keeper.  Activity reported by PRIAC for these investments qualify as party in interest transactions.  Fees incurred by the Plan for administrative services are included in Plan expenses and totaled $1.6 million in 2017.  These have been paid directly to PRIAC.

Note 7 – Risks and Uncertainties

The Plan invests in various investment securities.  Investment securities are exposed to various risks such as interest rate, market and credit risks, including credit risk on fully benefit-responsive investment contracts.  Credit risk exists for these contracts because there are no reserves by the insurance company against the contract value disclosed, other than the underlying assets of the synthetic investment contracts, which the Plan owns.  Due to the level of risk associated with certain investment securities and the level of uncertainty related to changes in the value of investment securities, it is at least reasonably possible that changes in values of investment securities will occur in the near term and that such changes could materially affect participants' account balances and the amounts reported in the statements of net assets available for benefits.

15

CIGNA 401(k) PLAN
NOTES TO THE FINANCIAL STATEMENTS
Note 8 – Reconciliation of Financial Statements to Form 5500

The following is a reconciliation of net assets available for benefits per the financial statements to the Form 5500 as of December 31, 2017.


Net Assets available for benefits per the Statements of Net Assets Available
       
   for Benefits
$
6,067,739
   
Difference between contract value and current value on fully benefit-
       
   responsive contracts (a)
 
(8,775)
   
Net Assets available for benefits per the Form 5500
$
6,058,964
   
         
(a) Fully benefit-responsive contracts are required to be carried at contract value in the Statements of Net Assets Available for Benefits.
    
16








SUPPLEMENTAL SCHEDULE
 
 
 
 
 
 
 
 
 
17

 
 
 
CIGNA 401(k) PLAN
                 
 
FORM 5500 SCHEDULE H, LINE 4i - SCHEDULE OF ASSETS
 
 
(HELD AT END OF YEAR)
                 
 
As of December 31, 2017
 
(In thousands)
                 
   
Identity of issue, borrower, lessor or similar party
Description of investment including maturity date, rate of interest, collateral, par or maturity value
 
Current Value
Cigna
CIGNA COMMON STOCK
COMMON STOCK
 
$
1,001,178
                 
PRIAC
DRYDEN S&P 500 INDEX
POOLED SEPARATE ACCOUNT
 
$
507,386
                 
PRIAC
LARGE CAP BLEND FUND
POOLED SEPARATE ACCOUNT
 
$
782,566
                 
PRIAC
MID CAP BLEND FUND
POOLED SEPARATE ACCOUNT
 
$
401,464
                 
PRIAC
SMALL CAP BLEND FUND
POOLED SEPARATE ACCOUNT
 
$
398,434
                 
PRIAC
INTERNATIONAL STOCK FUND
POOLED SEPARATE ACCOUNT
 
$
411,913
                 
PRIAC
BLACKROCK EXTENDED EQUITY MARKET INDEX FUND
POOLED SEPARATE ACCOUNT
 
$
195,526
                 
PRIAC
FOREIGN STOCK INDEX FUND
POOLED SEPARATE ACCOUNT
 
$
123,348
                 
PRIAC
PRUDENTIAL INVESTMENT MANAGEMENT, INC. HIGH YIELD BOND FUND
POOLED SEPARATE ACCOUNT
 
$
134,011
                 
*
PRIAC
GUARANTEED LONG TERM FUND (CONTRACT INTEREST RATE: 3.35%)
GENERAL ACCOUNT CONTRACT
 
$
1,012,788
                 
 
VOYA
CIGNA STABLE VALUE FUND (CONTRACT INTEREST RATE: 1.63%)
SYNTHETIC CONTRACT
 
$
438,366
                 
*
PICA
PRUDENTIAL STABLE VALUE FUND (CONTRACT INTEREST RATE: 2.03%):
SYNTHETIC CONTRACT
     
   
COMMERCIAL MORTGAGE SEPARATE ACCOUNT
SEPARATE ACCOUNT
 
$
40,468
   
PRIVEST SEPARATE ACCOUNT
SEPARATE ACCOUNT
 
$
40,889
   
ALLY MASTER OWNER TRUST
ASSET-BACKED SECURITY
1.88%
DUE
02/15/2021
 
401
   
AMERICAN EXPRESS CREDIT ACCOUN
ASSET-BACKED SECURITY
1.86%
DUE
02/18/2025
 
201
   
AMERICREDIT AUTOMOBILE RECEIVA
ASSET-BACKED SECURITY
2.41%
DUE
07/08/2022
 
99
   
AMERICREDIT AUTOMOBILE RECEIVA
ASSET-BACKED SECURITY
2.60%
DUE
09/18/2023
 
399
   
AVIS BUDGET RENTAL CAR FUNDING
ASSET-BACKED SECURITY
2.10%
DUE
03/20/2019
 
300
   
AVIS BUDGET RENTAL CAR FUNDING
ASSET-BACKED SECURITY
2.10%
DUE
03/20/2019
 
500
   
AVIS BUDGET RENTAL CAR FUNDING
ASSET-BACKED SECURITY
1.92%
DUE
09/20/2019
 
1,298
   
AVIS BUDGET RENTAL CAR FUNDING
ASSET-BACKED SECURITY
2.63%
DUE
12/20/2021
 
299
   
CHASE ISSUANCE TRUST
ASSET-BACKED SECURITY
1.88%
DUE
03/15/2024
 
201
   
CITIBANK CREDIT CARD ISSUANCE
ASSET-BACKED SECURITY
2.19%
DUE
11/20/2023
 
595
   
CITIBANK CREDIT CARD ISSUANCE
ASSET-BACKED SECURITY
1.89%
DUE
12/07/2023
 
505
   
CITIBANK CREDIT CARD ISSUANCE
ASSET-BACKED SECURITY
2.15%
DUE
04/22/2026
 
202
   
CITIBANK CREDIT CARD ISSUANCE
ASSET-BACKED SECURITY
2.15%
DUE
04/22/2026
 
101
   
CITIBANK CREDIT CARD ISSUANCE
ASSET-BACKED SECURITY
1.78%
DUE
08/08/2024
 
402
   
DISCOVER CARD MASTER TRUST
ASSET-BACKED SECURITY
1.97%
DUE
07/15/2024
 
302
   
DISCOVER CARD MASTER TRUST
ASSET-BACKED SECURITY
2.53%
DUE
10/15/2026
 
299
   
ENTERPRISE FLEET FINANCING LLC
ASSET-BACKED SECURITY
2.13%
DUE
07/20/2022
 
294
   
ENTERPRISE FLEET FINANCING LLC
ASSET-BACKED SECURITY
2.13%
DUE
07/20/2022
 
196
 
 
18

 
 
 
 
CIGNA 401(k) PLAN
               
FORM 5500 SCHEDULE H, LINE 4i - SCHEDULE OF ASSETS
 
(HELD AT END OF YEAR)
               
As of December 31, 2017
(In thousands)
               
 
Identity of issue, borrower, lessor or similar party
Description of investment including maturity date, rate of interest, collateral, par
or maturity value
 
Current Value
 
ENTERPRISE FLEET FINANCING LLC
ASSET-BACKED SECURITY
1.97%
DUE
01/20/2023
 
200
 
EXETER AUTOMOBLIE RECEIVABLES
ASSET-BACKED SECURITY
2.05%
DUE
12/15/2021
 
343
 
FORD CREDIT FLOORPLAN MASTER
ASSET-BACKED SECURITY
1.94%
DUE
11/15/2021
 
503
 
FORD CREDIT FLOORPLAN MASTER
ASSET-BACKED SECURITY
2.48%
DUE
09/15/2024
 
796
 
FORD CREDIT AUTO LEASE TRUST
ASSET-BACKED SECURITY
2.36%
DUE
03/15/2029
 
1,090
 
FORD CREDIT AUTO OWNER TRUST/F
ASSET-BACKED SECURITY
2.31%
DUE
08/15/2027
 
598
 
FORD CREDIT AUTO OWNER TRUST/F
ASSET-BACKED SECURITY
2.03%
DUE
12/15/2027
 
296
 
FORD CREDIT AUTO OWNER TRUST F
ASSET-BACKED SECURITY
2.62%
DUE
08/15/2028
 
600
 
GMF FLOORPLAN OWNER REVOLVING
ASSET-BACKED SECURITY
2.05%
DUE
01/18/2022
 
604
 
HUNTINGTON AUTO TRUST
ASSET-BACKED SECURITY
1.59%
DUE
11/16/2020
 
598
 
DRB PRIME STUDENT LOAN TRUST
ASSET-BACKED SECURITY
2.81%
DUE
11/25/2042
 
298
 
MMAF EQUIPMENT FINANCE LLC
ASSET-BACKED SECURITY
2.41%
DUE
08/16/2024
 
298
 
MMAF EQUIPMENT FINANCE LLC
ASSET-BACKED SECURITY
2.41%
DUE
11/15/2024
 
298
 
MMAF EQUIPMENT FINANCE LLC
ASSET-BACKED SECURITY
2.72%
DUE
06/15/2040
 
497
 
NAVIENT STUDENT LOAN TRUST
ASSET-BACKED SECURITY
1.94%
DUE
07/26/2066
 
174
 
NISSAN MASTER OWNER TRUST REC
ASSET-BACKED SECURITY
2.13%
DUE
06/15/2021
 
503
 
NORTH CAROLINA STATE EDUCATION
ASSET-BACKED SECURITY
2.17%
DUE
07/25/2036
 
501
 
ONEMAIN DIRECT AUTO RECEIVABLE
ASSET-BACKED SECURITY
2.55%
DUE
11/14/2023
 
999
 
ONEMAIN DIRECT AUTO RECEIVABLE
ASSET-BACKED SECURITY
2.82%
DUE
07/15/2024
 
299
 
ONEMAIN FINANCIAL ISSUANCE TRU
ASSET-BACKED SECURITY
2.27%
DUE
09/14/2032
 
503
 
ONEMAIN DIRECT AUTO RECEIVABLE
ASSET-BACKED SECURITY
2.16%
DUE
10/15/2020
 
698
 
SOCIAL PROFESSIONAL LOAN PROGR
ASSET-BACKED SECURITY
2.84%
DUE
01/25/2041
 
1,001
 
SPRINGLEAF FUNDING TRUST
ASSET-BACKED SECURITY
3.16%
DUE
11/15/2024
 
602
 
SPRINGLEAF FUNDING TRUST
ASSET-BACKED SECURITY
3.16%
DUE
11/15/2024
 
657
 
SPRINGFIELD FUNDING TRUST
ASSET-BACKED SECURITY
2.90%
DUE
11/15/2029
 
401
 
SPRINGFIELD FUNDING TRUST
ASSET-BACKED SECURITY
2.68%
DUE
07/15/2030
 
198
 
COMM 2014 UBS2
CMO-CMBS
3.96%
DUE
03/10/2047
 
991
 
COMM 2014 UBS2
CMO-CMBS
3.96%
DUE
03/10/2047
 
1,466
 
BBCCRE TRUST
COLLATERIZED MORTGAGE OBLIGATION
3.97%
DUE
08/10/2033
 
1,017
 
BARCLAYS COMMERCIAL MORTGAGE S
COLLATERIZED MORTGAGE OBLIGATION
2.94%
DUE
08/14/2036
 
881
 
BANK
COLLATERIZED MORTGAGE OBLIGATION
3.29%
DUE
07/15/2060
 
142
 
BANK
COLLATERIZED MORTGAGE OBLIGATION
2.77%
DUE
11/15/2054
 
699
 
BANK
COLLATERIZED MORTGAGE OBLIGATION
3.09%
DUE
09/15/2060
 
1,207
 
CD 16 CD1
COLLATERIZED MORTGAGE OBLIGATION
2.46%
DUE
08/10/2049
 
1,149
 
CFCRE COMMERCIAL MORTGAGE TRUS
COLLATERIZED MORTGAGE OBLIGATION
3.59%
DUE
12/10/2054
 
615
 
COMM MORTGAGE TRUST
COLLATERIZED MORTGAGE OBLIGATION
4.05%
DUE
10/10/2046
 
266
 
COMM MORTGAGE TRUST
COLLATERIZED MORTGAGE OBLIGATION
4.05%
DUE
10/10/2046
 
478
 
COMM MORTGAGE TRUST
COLLATERIZED MORTGAGE OBLIGATION
2.83%
DUE
10/10/2049
 
1,077
 
COMM
COLLATERIZED MORTGAGE OBLIGATION
3.35%
DUE
02/10/2048
 
1,221
 
CITIGROUP COMMERCIAL MORTGAGE
COLLATERIZED MORTGAGE OBLIGATION
2.58%
DUE
08/10/2049
 
1,155
 
CITIGROUP COMMERCIAL MORTGAGE
COLLATERIZED MORTGAGE OBLIGATION
2.58%
DUE
08/10/2049
 
1,155
 
CITIGROUP COMMERCIAL MORTGAGE
COLLATERIZED MORTGAGE OBLIGATION
3.46%
DUE
12/10/2049
 
618
 
CGCMT
COLLATERIZED MORTGAGE OBLIGATION
3.11%
DUE
09/15/2050
 
1,206
 
CITYLINE COMMERCIAL MORTGAGE T
COLLATERIZED MORTGAGE OBLIGATION
2.78%
DUE
11/10/2031
 
396
 
CITYLINE COMMERCIAL MORTGAGE T
COLLATERIZED MORTGAGE OBLIGATION
2.78%
DUE
11/10/2031
 
692
 
CBSLT 17 BGS
COLLATERIZED MORTGAGE OBLIGATION
2.68%
DUE
09/25/2042
 
687
 
 
 
19

 
 
 
CIGNA 401(k) PLAN
               
FORM 5500 SCHEDULE H, LINE 4i - SCHEDULE OF ASSETS
 
(HELD AT END OF YEAR)
               
As of December 31, 2017
(In thousands)
               
 
Identity of issue, borrower, lessor or similar party
Description of investment including maturity date, rate of interest, collateral, par
or maturity value
 
Current Value
 
FNMA
COLLATERIZED MORTGAGE OBLIGATION
2.94%
DUE
11/25/2025
 
1,165
 
FNMA
COLLATERIZED MORTGAGE OBLIGATION
2.37%
DUE
07/25/2026
 
578
 
FNMA
COLLATERIZED MORTGAGE OBLIGATION
2.25%
DUE
07/25/2026
 
950
 
FNMA
COLLATERIZED MORTGAGE OBLIGATION
2.42%
DUE
10/25/2026
 
193
 
FANNIEMAE ACES
COLLATERIZED MORTGAGE OBLIGATION
2.36%
DUE
09/25/2026
 
963
 
FANNIEMAE ACES
COLLATERIZED MORTGAGE OBLIGATION
2.36%
DUE
09/25/2026
 
1,059
 
FNMA
COLLATERIZED MORTGAGE OBLIGATION
2.48%
DUE
09/25/2026
 
1,070
 
GS MORTGAGE SECURITIES TRUST
COLLATERIZED MORTGAGE OBLIGATION
3.52%
DUE
06/10/2047
 
1,852
 
GSMS 17 GS7
COLLATERIZED MORTGAGE OBLIGATION
3.20%
DUE
08/10/2050
 
1,013
 
JPMBB COMMERCIAL MORTGAGE SECU
COLLATERIZED MORTGAGE OBLIGATION
4.00%
DUE
04/15/2047
 
2,645
 
LADDER CAPITAL COMMERCIAL MORT
COLLATERIZED MORTGAGE OBLIGATION
3.13%
DUE
07/12/2050
 
611
 
MILL CITY MORTGAGE TRUST
COLLATERIZED MORTGAGE OBLIGATION
2.75%
DUE
02/25/2058
 
668
 
MORGAN STANLEY BAML TRUST
COLLATERIZED MORTGAGE OBLIGATION
3.46%
DUE
12/15/2049
 
617
 
MORGAN STANLEY BAML TRUST
COLLATERIZED MORTGAGE OBLIGATION
2.73%
DUE
11/15/2049
 
592
 
MORGAN STANLEY CAPITAL I TRUST
COLLATERIZED MORTGAGE OBLIGATION
2.53%
DUE
08/15/2049
 
575
 
TOWD POINT MORTGAGE TRUST
COLLATERIZED MORTGAGE OBLIGATION
2.15%
DUE
02/25/2057
 
1,052
 
UBS BARCLAYS COMMERCIAL MORTGA
COLLATERIZED MORTGAGE OBLIGATION
2.73%
DUE
08/10/2049
 
336
 
WELLS FARGO COMMERCIAL MORTGAG
COLLATERIZED MORTGAGE OBLIGATION
2.67%
DUE
07/15/2048
 
1,263
 
WELLS FARGO COMMERCIAL MORTGAG
COLLATERIZED MORTGAGE OBLIGATION
2.40%
DUE
08/15/2049
 
1,142
 
WELLS FARGO COMMERCIAL MORTGAG
COLLATERIZED MORTGAGE OBLIGATION
2.68%
DUE
10/15/2049
 
1,168
 
WELLS FARGO COMMERCIAL MORTGAG
COLLATERIZED MORTGAGE OBLIGATION
2.81%
DUE
11/15/2059
 
588
 
WELLS FARGO COMMERCIAL MORTGAG
COLLATERIZED MORTGAGE OBLIGATION
3.52%
DUE
12/15/2049
 
619
 
WELLS FARGO COMMERCIAL MORTGAG
COLLATERIZED MORTGAGE OBLIGATION
3.39%
DUE
11/15/2050
 
1,229
 
AEP TRANSMISSION CO LLC
CORPORATE BOND
3.10%
DUE
12/01/2026
 
55
 
AT&T INC
CORPORATE BOND
4.12%
DUE
02/17/2026
 
742
 
ABBOTT LABORATORIES
CORPORATE BOND
2.90%
DUE
11/30/2021
 
298
 
ABBVIE INC
CORPORATE BOND
3.60%
DUE
05/14/2025
 
565
 
ACTAVIS FUNDING SCS
CORPORATE BOND
3.80%
DUE
03/15/2025
 
713
 
ACTAVIS FUNDING SCS
CORPORATE BOND
3.80%
DUE
03/15/2025
 
356
 
AMERICAN INTERNATIONAL GROUP
CORPORATE BOND
4.12%
DUE
02/15/2024
 
951
 
AMGEN INC
CORPORATE BOND
2.60%
DUE
08/19/2026
 
598
 
APACHE CORP
CORPORATE BOND
2.62%
DUE
01/15/2023
 
539
 
APACHE CORP
CORPORATE BOND
2.62%
DUE
01/15/2023
 
539
 
APPLE INC
CORPORATE BOND
2.85%
DUE
02/23/2023
 
608
 
ARCH CAPITAL FINANCE LLC
CORPORATE BOND
4.01%
DUE
12/15/2026
 
52
 
ARCH CAPITAL FINANCE LLC
CORPORATE BOND
4.01%
DUE
12/15/2026
 
1,041
 
BAT CAPITAL CORP
CORPORATE BOND
2.76%
DUE
08/15/2022
 
985
 
BMW US CAPITAL LLC
CORPORATE BOND
2.25%
DUE
09/15/2023
 
529
 
BNP PARIBAS
CORPORATE BOND
4.62%
DUE
03/13/2027
 
320
 
BAIDU.COM ADR
CORPORATE BOND
3.25%
DUE
08/06/2018
 
201
 
BAKER HUGHES A GE CO LLC
CORPORATE BOND
3.34%
DUE
12/15/2027
 
240
 
BANCO DE CREDITO DEL PER
CORPORATE BOND
2.25%
DUE
10/25/2019
 
200
 
 
 
 
 
 
 
20

 
 
 
CIGNA 401(k) PLAN
               
FORM 5500 SCHEDULE H, LINE 4i - SCHEDULE OF ASSETS
 
(HELD AT END OF YEAR)
               
As of December 31, 2017
(In thousands)
               
 
Identity of issue, borrower, lessor or similar party
Description of investment including maturity date, rate of interest, collateral, par
or maturity value
 
Current Value
 
BANK OF AMERICA CORP
CORPORATE BOND
4.12%
DUE
01/22/2024
 
1,249
 
BANK OF AMERICA CORP
CORPORATE BOND
4.20%
DUE
08/26/2024
 
395
 
BANK OF AMERICA CORP
CORPORATE BOND
4.45%
DUE
03/03/2026
 
587
 
BANK OF AMERICA CORP
CORPORATE BOND
3.50%
DUE
04/19/2026
 
639
 
BANK OF AMERICA CORP
CORPORATE BOND
3.59%
DUE
07/21/2028
 
71
 
BANK OF NY MELLON CORP
CORPORATE BOND
2.20%
DUE
08/16/2023
 
824
 
BARCLAYS PLC
CORPORATE BOND
3.65%
DUE
03/16/2025
 
424
 
BARCLAYS PLC
CORPORATE BOND
3.68%
DUE
01/10/2023
 
335
 
BARCLAYS PLC
CORPORATE BOND
4.34%
DUE
01/10/2028
 
217
 
BAXTER INTERNATIONAL
CORPORATE BOND
2.60%
DUE
08/15/2026
 
153
 
BNP PARIBAS
CORPORATE BOND
2.95%
DUE
05/23/2022
 
200
 
BROADCOM CRP CAYMN FI
CORPORATE BOND
3.62%
DUE
01/15/2024
 
283
 
CVS CAREMARK CORP
CORPORATE BOND
4.00%
DUE
12/05/2023
 
520
 
CAPITAL ONE NA
CORPORATE BOND
2.25%
DUE
09/13/2021
 
432
 
CATERPILLAR FIN SERVICE CORP
CORPORATE BOND
1.70%
DUE
08/09/2021
 
429
 
CELGENE CORP
CORPORATE BOND
2.25%
DUE
08/15/2021
 
946
 
CENTERPOINT ENERGY HOUSTON
CORPORATE BOND
2.40%
DUE
09/01/2026
 
162
 
CENTERPOINT ENERGY HOUSTON
CORPORATE BOND
3.00%
DUE
02/01/2027
 
926
 
CHARTER COMM OPT LLC CAP
CORPORATE BOND
4.91%
DUE
07/23/2025
 
532
 
CHARTER COMM OPT LLC CAP
CORPORATE BOND
4.20%
DUE
03/15/2028
 
407
 
CITIGROUP INC
CORPORATE BOND
3.88%
DUE
03/26/2025
 
358
 
CITIGROUP INC
CORPORATE BOND
4.45%
DUE
09/29/2027
 
371
 
CITIGROUP INC
CORPORATE BOND
3.40%
DUE
05/01/2026
 
377
 
CITIGROUP INC
CORPORATE BOND
3.40%
DUE
05/01/2026
 
1,308
 
COCA-COLA FEMSA SAB CV
CORPORATE BOND
2.38%
DUE
11/26/2018
 
301
 
COLORADO INTERSTATE GAS CO LLC
CORPORATE BOND
4.15%
DUE
08/15/2026
 
170
 
COMCAST CORP
CORPORATE BOND
3.15%
DUE
02/15/2028
 
1,264
 
COMMONWEALTH EDISON
CORPORATE BOND
2.95%
DUE
08/15/2027
 
386
 
CONCHO RESOURCES INC
CORPORATE BOND
3.75%
DUE
10/01/2027
 
187
 
CREDIT SUISSE GROUP-SPON ADR
CORPORATE BOND
3.00%
DUE
12/14/2023
 
968
 
CROWN CASTLE INTERNATIONAL
CORPORATE BOND
4.88%
DUE
04/15/2022
 
322
 
DDR CORP
CORPORATE BOND
3.90%
DUE
08/15/2024
 
841
 
DELTA AIR LINES
CORPORATE BOND
2.88%
DUE
03/13/2020
 
126
 
DEVON ENERGY CORP
CORPORATE BOND
3.25%
DUE
05/15/2022
 
458
 
DEXIA CREDIT LOCAL
CORPORATE BOND
2.25%
DUE
02/18/2020
 
499
 
DEXIA CREDIT LOCAL SA NY
CORPORATE BOND
1.88%
DUE
01/29/2020
 
496
 
DIGITAL REALTY TRUST LP
CORPORATE BOND
3.70%
DUE
08/15/2027
 
801
 
DISCOVER BANK
CORPORATE BOND
3.45%
DUE
07/27/2026
 
321
 
DISCOVERY COMMUNICATIONS
CORPORATE BOND
3.95%
DUE
03/20/2028
 
274
 
DOMINION ENERGY INC
CORPORATE BOND
2.85%
DUE
08/15/2026
 
43
 
DUKE ENERGY CORP
CORPORATE BOND
2.65%
DUE
09/01/2026
 
129
 
DUKE ENERGY CORP
CORPORATE BOND
3.15%
DUE
08/15/2027
 
1,028
 
ERAC USA FINANCE COMPANY
CORPORATE BOND
3.30%
DUE
12/01/2026
 
521
 
ERAC USA FINANCE COMPANY
CORPORATE BOND
3.30%
DUE
12/01/2026
 
248
 
EDISON INTERNATIONAL
CORPORATE BOND
2.40%
DUE
09/15/2022
 
225
 
ELECTRONIC ARTS
CORPORATE BOND
3.70%
DUE
03/01/2021
 
206
 
EMERA US FINANCE LP
CORPORATE BOND
2.70%
DUE
06/15/2021
 
329
 
EMERA US FINANCE LP
CORPORATE BOND
3.55%
DUE
06/15/2026
 
501
 
ENEL FINANCE INTL NV
CORPORATE BOND
3.50%
DUE
04/06/2028
 
284
 
ENTERGY CORP
CORPORATE BOND
2.95%
DUE
09/01/2026
 
418
 
EXPRESS SCRIPTS HOLDING CO
CORPORATE BOND
4.50%
DUE
02/25/2026
 
488
 
EXPRESS SCRIPTS HOLDING CO
CORPORATE BOND
4.50%
DUE
02/25/2026
 
159
 
EXPRESS SCRIPTS HOLDING CO
CORPORATE BOND
3.40%
DUE
03/01/2027
 
118
 
 
21

 
 
CIGNA 401(k) PLAN
               
FORM 5500 SCHEDULE H, LINE 4i - SCHEDULE OF ASSETS
 
(HELD AT END OF YEAR)
               
As of December 31, 2017
(In thousands)
               
 
Identity of issue, borrower, lessor or similar party
Description of investment including maturity date, rate of interest, collateral, par
or maturity value
 
Current Value
 
FIDELITY NATIONAL INFORMATION
CORPORATE BOND
2.25%
DUE
08/15/2021
 
295
 
FIDELITY NATIONAL INFORMATION
CORPORATE BOND
2.25%
DUE
08/15/2021
 
202
 
FORD MOTOR CREDIT CO
CORPORATE BOND
4.39%
DUE
01/08/2026
 
682
 
FORD MOTOR CREDIT CO
CORPORATE BOND
2.98%
DUE
08/03/2022
 
598
 
FORTIS INC
CORPORATE BOND
3.06%
DUE
10/04/2026
 
628
 
GENERAL MOTORS FINL CO
CORPORATE BOND
5.25%
DUE
03/01/2026
 
715
 
GENERAL MOTORS FINL CO
CORPORATE BOND
3.15%
DUE
06/30/2022
 
500
 
GILEAD SCIENCES
CORPORATE BOND
2.50%
DUE
09/01/2023
 
123
 
GOLDMAN SACHS GROUP INC
CORPORATE BOND
3.85%
DUE
07/08/2024
 
1,504
 
GOLDMAN SACHS GROUP INC
CORPORATE BOND
4.25%
DUE
10/21/2025
 
549
 
GOLDMAN SACHS GROUP INC
CORPORATE BOND
4.25%
DUE
10/21/2025
 
157
 
GOLDMAN SACHS GROUP INC
CORPORATE BOND
3.85%
DUE
01/26/2027
 
10
 
GOLDMAN SACHS GROUP INC
CORPORATE BOND
3.85%
DUE
01/26/2027
 
26
 
GOLDMAN SACHS GROUP INC
CORPORATE BOND
3.75%
DUE
02/25/2026
 
641
 
HUNTINGTON NATIONAL BANK
CORPORATE BOND
2.50%
DUE
08/07/2022
 
690
 
HUSKY ENERGY INC
CORPORATE BOND
4.00%
DUE
04/15/2024
 
366
 
HUTCHINSON WHAMPOA INT
CORPORATE BOND
5.75%
DUE
09/11/2019
 
263
 
INTERNATIONAL PAPER COMPANY
CORPORATE BOND
3.00%
DUE
02/15/2027
 
388
 
JP MORGAN CHASE & CO
CORPORATE BOND
3.88%
DUE
09/10/2024
 
704
 
JP MORGAN CHASE & CO
CORPORATE BOND
3.88%
DUE
09/10/2024
 
365
 
JP MORGAN CHASE & CO
CORPORATE BOND
3.90%
DUE
07/15/2025
 
1,153
 
JP MORGAN CHASE & CO
CORPORATE BOND
2.95%
DUE
10/01/2026
 
712
 
JEFFERIES GROUP INC
CORPORATE BOND
6.45%
DUE
06/08/2027
 
116
 
KINDER MORGAN ENERGY PART
CORPORATE BOND
5.95%
DUE
02/15/2018
 
251
 
LYB INTL FINANCE BV
CORPORATE BOND
4.00%
DUE
07/15/2023
 
785
 
LYONDELLBASELL IND NV
CORPORATE BOND
5.75%
DUE
04/15/2024
 
399
 
MPLX LP
CORPORATE BOND
4.12%
DUE
03/01/2027
 
56
 
MAGNA INTERNATIONAL INC
CORPORATE BOND
3.62%
DUE
06/15/2024
 
1,034
 
MAGNA INTERNATIONAL INC
CORPORATE BOND
4.15%
DUE
10/01/2025
 
266
 
MCCORMICK & CO
CORPORATE BOND
3.40%
DUE
08/15/2027
 
709
 
MICROSOFT CORP
CORPORATE BOND
2.00%
DUE
08/08/2023
 
826
 
MORGAN STANLEY
CORPORATE BOND
4.35%
DUE
09/08/2026
 
524
 
MORGAN STANLEY
CORPORATE BOND
4.35%
DUE
09/08/2026
 
262
 
MORGAN STANLEY
CORPORATE BOND
3.97%
DUE
07/22/2038
 
41
 
MORGAN STANLEY
CORPORATE BOND
3.88%
DUE
04/29/2024
 
1,279
 
MORGAN STANLEY
CORPORATE BOND
3.12%
DUE
07/27/2026
 
616
 
MYLAN NV
CORPORATE BOND
3.15%
DUE
06/15/2021
 
453
 
MYLAN NV
CORPORATE BOND
3.95%
DUE
06/15/2026
 
328
 
NOBLE ENERGY INC
CORPORATE BOND
3.90%
DUE
11/15/2024
 
360
 
ONEOK INC
CORPORATE BOND
4.00%
DUE
07/13/2027
 
66
 
ONEOK INC
CORPORATE BOND
4.00%
DUE
07/13/2027
 
405
 
ONEOK PARTNERS
CORPORATE BOND
3.80%
DUE
03/15/2020
 
439
 
ORACLE CORP
CORPORATE BOND
2.65%
DUE
07/15/2026
 
634
 
OWENS CORNING INC
CORPORATE BOND
4.20%
DUE
12/15/2022
 
524
 
OWENS CORNING INC
CORPORATE BOND
3.40%
DUE
08/15/2026
 
344
 
PROV ST JOSEPH HLTH OBL
CORPORATE BOND
2.75%
DUE
10/01/2026
 
208
 
PUBLIC SVC ELECTRIC & GAS
CORPORATE BOND
2.25%
DUE
09/15/2026
 
456
 
REGIONS FINANCIAL CORP
CORPORATE BOND
2.75%
DUE
08/14/2022
 
618
 
ROYAL BANK OF SCOTLAND GROUP
CORPORATE BOND
3.88%
DUE
09/12/2023
 
203
 
RYDER SYSTEM INC
CORPORATE BOND
2.50%
DUE
09/01/2022
 
373
 
SP POWERASSETS LTD
CORPORATE BOND
3.00%
DUE
09/26/2027
 
321
 
SCRIPPS NETWORKS
CORPORATE BOND
3.50%
DUE
06/15/2022
 
505
 
SHIRE ACQ INV IRELAND DA
CORPORATE BOND
2.88%
DUE
09/23/2023
 
1,253
 
 
22

 
CIGNA 401(k) PLAN
               
FORM 5500 SCHEDULE H, LINE 4i - SCHEDULE OF ASSETS
 
(HELD AT END OF YEAR)
               
As of December 31, 2017
(In thousands)
               
 
Identity of issue, borrower, lessor or similar party
Description of investment including maturity date, rate of interest, collateral, par
or maturity value
 
Current Value
 
SPECTRA ENERGY PARTNERS
CORPORATE BOND
3.38%
DUE
10/15/2026
 
94
 
SUNTRUST BANK
CORPORATE BOND
2.70%
DUE
01/27/2022
 
195
 
SVENSKA HANDELSBANKEN AB
CORPORATE BOND
1.88%
DUE
09/07/2021
 
405
 
TENCENT HOLDINGS LTD
CORPORATE BOND
3.38%
DUE
05/02/2019
 
253
 
TEXTRON INC
CORPORATE BOND
5.95%
DUE
09/21/2021
 
221
 
TIME WARNER INC
CORPORATE BOND
3.80%
DUE
02/15/2027
 
120
 
TYCO ELECTRONICS
CORPORATE BOND
3.12%
DUE
08/15/2027
 
369
 
UBS GROUP FUNDING SWITZE
CORPORATE BOND
2.86%
DUE
08/15/2023
 
578
 
UNION PACIFIC CORP
CORPORATE BOND
2.75%
DUE
03/01/2026
 
326
 
UNITED HEALTH GROUP INC
CORPORATE BOND
3.45%
DUE
01/15/2027
 
191
 
WELLPOINT INC
CORPORATE BOND
3.12%
DUE
05/15/2022
 
368
 
WILLIAMS PARTNERS LP
CORPORATE BOND
4.30%
DUE
03/04/2024
 
262
 
WILLIAMS PARTNERS LP
CORPORATE BOND
4.30%
DUE
03/04/2024
 
157
 
WILLIAMS PARTNERS LP
CORPORATE BOND
4.30%
DUE
03/04/2024
 
1,414
 
SINGTEL GROUP TREASURY P
CORPORATE BOND
4.50%
DUE
09/08/2021
 
212
 
SNCF RESEAU
CORPORATE BOND
2.00%
DUE
10/13/2020
 
991
 
DEXIA CREDIT LOCAL
CORPORATE BOND
2.25%
DUE
02/18/2020
 
499
 
AGENCE FRANCAISE DE DEV
CORPORATE BOND
1.88%
DUE
09/14/2020
 
592
 
INDONESIA REPUBLIC OF
CORPORATE BOND
3.75%
DUE
04/25/2022
 
206
 
FNMA
FEDERAL GOVERNMENT AND AGENCY BOND
3.00%
DUE
02/01/2026
 
1,018
 
FNMA
FEDERAL GOVERNMENT AND AGENCY BOND
3.00%
DUE
02/01/2026
 
763
 
FNMA
FEDERAL GOVERNMENT AND AGENCY BOND
3.00%
DUE
01/15/2043
 
500
 
FNMA
FEDERAL GOVERNMENT AND AGENCY BOND
3.50%
DUE
01/15/2041
 
1,282
 
FNMA
FEDERAL GOVERNMENT AND AGENCY BOND
3.50%
DUE
01/15/2041
 
513
 
FNMA
FEDERAL GOVERNMENT AND AGENCY BOND
3.50%
DUE
02/10/2041
 
1,537
 
FNMA
FEDERAL GOVERNMENT AND AGENCY BOND
4.00%
DUE
04/01/2040
 
523
 
FNMA
FEDERAL GOVERNMENT AND AGENCY BOND
4.50%
DUE
12/01/2040
 
1,063
 
FHLMC
FEDERAL GOVERNMENT AND AGENCY BOND
3.50%
DUE
01/13/2041
 
513
 
FHLMC GOLD
FEDERAL GOVERNMENT AND AGENCY BOND
4.00%
DUE
04/01/2040
 
784
 
FHLMC GOLD
FEDERAL GOVERNMENT AND AGENCY BOND
4.00%
DUE
04/01/2040
 
523
 
GNMA II
FEDERAL GOVERNMENT AND AGENCY BOND
3.00%
DUE
12/15/2043
 
505
 
GNMA II
FEDERAL GOVERNMENT AND AGENCY BOND
3.50%
DUE
01/23/2042
 
517
 
FREDDIE MAC
FEDERAL GOVERNMENT AND AGENCY BOND
6.75%
DUE
03/15/2031
 
715
 
FANNIE MAE
FEDERAL GOVERNMENT AND AGENCY BOND
6.25%
DUE
05/15/2029
 
668
 
FANNIE MAE
FEDERAL GOVERNMENT AND AGENCY BOND
7.12%
DUE
01/15/2030
 
1,440
 
FANNIE MAE
FEDERAL GOVERNMENT AND AGENCY BOND
6.62%
DUE
11/15/2030
 
84
 
FANNIE MAE
FEDERAL GOVERNMENT AND AGENCY BOND
2.00%
DUE
10/05/2022
 
494
 
FHLMC
FEDERAL GOVERNMENT AND AGENCY BOND
1.38%
DUE
08/15/2019
 
144
 
FHLMC
FEDERAL GOVERNMENT AND AGENCY BOND
1.62%
DUE
09/29/2020
 
35
 
US TREASURY N/B
FEDERAL GOVERNMENT AND AGENCY BOND
2.88%
DUE
05/15/2043
 
62
 
US TREASURY N/B
FEDERAL GOVERNMENT AND AGENCY BOND
3.62%
DUE
08/15/2043
 
6
 
US TREASURY N/B
FEDERAL GOVERNMENT AND AGENCY BOND
3.00%
DUE
05/15/2045
 
11
 
US TREASURY N/B
FEDERAL GOVERNMENT AND AGENCY BOND
3.00%
DUE
05/15/2045
 
11
 
23

 
CIGNA 401(k) PLAN
               
FORM 5500 SCHEDULE H, LINE 4i - SCHEDULE OF ASSETS
 
(HELD AT END OF YEAR)
               
As of December 31, 2017
(In thousands)
               
 
Identity of issue, borrower, lessor or similar party
Description of investment including maturity date, rate of interest, collateral, par
or maturity value
 
Current Value
 
US TREASURY N/B
FEDERAL GOVERNMENT AND AGENCY BOND
3.00%
DUE
05/15/2045
 
11
 
US TREASURY N/B
FEDERAL GOVERNMENT AND AGENCY BOND
3.00%
DUE
05/15/2045
 
11
 
US TREASURY N/B
FEDERAL GOVERNMENT AND AGENCY BOND
3.00%
DUE
05/15/2045
 
16
 
US TREASURY N/B
FEDERAL GOVERNMENT AND AGENCY BOND
3.00%
DUE
05/15/2045
 
16
 
US TREASURY N/B
FEDERAL GOVERNMENT AND AGENCY BOND
3.00%
DUE
05/15/2045
 
16
 
US TREASURY N/B
FEDERAL GOVERNMENT AND AGENCY BOND
3.00%
DUE
05/15/2045
 
16
 
US TREASURY N/B
FEDERAL GOVERNMENT AND AGENCY BOND
3.00%
DUE
05/15/2045
 
11
 
US TREASURY N/B
FEDERAL GOVERNMENT AND AGENCY BOND
2.88%
DUE
08/15/2045
 
10
 
US TREASURY N/B
FEDERAL GOVERNMENT AND AGENCY BOND
2.75%
DUE
08/15/2047
 
250
 
US TREASURY N\B
FEDERAL GOVERNMENT AND AGENCY BOND
2.25%
DUE
11/15/2027
 
49
 
US TREASURY N/B
FEDERAL GOVERNMENT AND AGENCY BOND
2.00%
DUE
11/30/2022
 
505
 
US TREASURY N\B
FEDERAL GOVERNMENT AND AGENCY BOND
2.12%
DUE
12/31/2022
 
667
 
US TREASURY N\B
FEDERAL GOVERNMENT AND AGENCY BOND
1.75%
DUE
01/31/2023
 
440
 
US TREASURY N\B
FEDERAL GOVERNMENT AND AGENCY BOND
0.75%
DUE
02/28/2018
 
5,395
 
US TREASURY N\B
FEDERAL GOVERNMENT AND AGENCY BOND
0.12%
DUE
04/15/2022
 
282
 
US TREASURY N\B
FEDERAL GOVERNMENT AND AGENCY BOND
0.12%
DUE
04/15/2022
 
277
 
WI TREASURY SEC
FEDERAL GOVERNMENT AND AGENCY BOND
1.88%
DUE
04/30/2022
 
282
 
WI TREASURY SEC
FEDERAL GOVERNMENT AND AGENCY BOND
1.88%
DUE
04/30/2022
 
294
 
WI TREASURY SEC
FEDERAL GOVERNMENT AND AGENCY BOND
1.88%
DUE
04/30/2022
 
2,371
 
US TREASURY N\B
FEDERAL GOVERNMENT AND AGENCY BOND
2.00%
DUE
06/30/2024
 
373
 
US TREASURY N\B
FEDERAL GOVERNMENT AND AGENCY BOND
2.00%
DUE
06/30/2024
 
8,450
 
US TREASURY N\B
FEDERAL GOVERNMENT AND AGENCY BOND
2.00%
DUE
06/30/2024
 
2,746
 
US TREASURY STRIP
FEDERAL GOVERNMENT AND AGENCY BOND
0.00%
DUE
05/15/2037
 
1,180
 
SWEDISH EXPORT CREDIT
FOREIGN GOVERNMENT BOND
1.75%
DUE
08/28/2020
 
1,976
 
PROVINCE OF ALBERTA
FOREIGN GOVERNMENT BOND
1.75%
DUE
08/26/2020
 
1,478
 
CORP ANDINA DE FOMENTO
FOREIGN GOVERNMENT BOND
2.12%
DUE
09/27/2021
 
587
 
CORP ANDINA DE FOMENTO
FOREIGN GOVERNMENT BOND
2.75%
DUE
01/06/2023
 
89
 
CORP ANDINA DE FOMENTO
FOREIGN GOVERNMENT BOND
2.75%
DUE
01/06/2023
 
208
 
CPPIB CAPITAL INC
FOREIGN GOVERNMENT BOND
2.75%
DUE
11/02/2027
 
249
 
CPPIB CAPITAL INC
FOREIGN GOVERNMENT BOND
2.75%
DUE
11/02/2027
 
997
 
CPPIB CAPITAL INC
FOREIGN GOVERNMENT BOND
2.75%
DUE
11/02/2027
 
249
 
ABU DHABI GOVT INT'L
FOREIGN GOVERNMENT BOND
3.12%
DUE
10/11/2027
 
763
 
INTL FINANCE CORP
FOREIGN GOVERNMENT BOND
1.75%
DUE
09/04/2018
 
500
 
JPN BANK FOR INT'L COOP
FOREIGN GOVERNMENT BOND
2.00%
DUE
11/04/2021
 
1,176
 
JPN BANK FOR INT'L COOP
FOREIGN GOVERNMENT BOND
2.12%
DUE
07/21/2020
 
198
 
JAPAN FIN ORG MUNICIPAL
FOREIGN GOVERNMENT BOND
2.12%
DUE
03/06/2019
 
994
 
JAPAN FIN ORG MUNICIPAL
FOREIGN GOVERNMENT BOND
2.12%
DUE
04/13/2021
 
197
 
JAPAN FIN ORG MUNICIPAL
FOREIGN GOVERNMENT BOND
2.12%
DUE
10/25/2023
 
192
 
JAPAN FIN ORG MUNICIPAL
FOREIGN GOVERNMENT BOND
2.62%
DUE
04/20/2022
 
199
 
KUWAIT INTL BOND
FOREIGN GOVERNMENT BOND
2.75%
DUE
03/20/2022
 
199
 
MANITOBA PROVINCE OF
FOREIGN GOVERNMENT BOND
2.12%
DUE
05/04/2022
 
1,475
 
NA DEVELOPMENT BANK
FOREIGN GOVERNMENT BOND
4.38%
DUE
02/11/2020
 
1,042
 
PROVINCE OF ONTARIO
FOREIGN GOVERNMENT BOND
2.25%
DUE
05/18/2022
 
69
 
24

 
 
 
CIGNA 401(k) PLAN
               
FORM 5500 SCHEDULE H, LINE 4i - SCHEDULE OF ASSETS
 
(HELD AT END OF YEAR)
               
As of December 31, 2017
(In thousands)
               
 
Identity of issue, borrower, lessor or similar party
Description of investment including maturity date, rate of interest, collateral, par
or maturity value
 
Current Value
 
ONTARIO PROVINCE
FOREIGN GOVERNMENT BOND
2.40%
DUE
02/08/2022
 
1,494
 
ONTARIO TEACHERS  FINANC
FOREIGN GOVERNMENT BOND
2.12%
DUE
09/19/2022
 
1,474
 
PETROLEOS MEXICANOS
FOREIGN GOVERNMENT BOND
5.38%
DUE
03/13/2022
 
64
 
PROVINCE OF QUEBEC
FOREIGN GOVERNMENT BOND
2.75%
DUE
04/12/2027
 
992
 
PROVINCE OF QUEBEC
FOREIGN GOVERNMENT BOND
2.75%
DUE
04/12/2027
 
198
 
SAUDI INTERNATIONAL BOND
FOREIGN GOVERNMENT BOND
2.38%
DUE
10/26/2021
 
200
 
TOKYO METROPOLITAN GOVT
FOREIGN GOVERNMENT BOND
2.50%
DUE
06/08/2022
 
198
 
DEVELOPMENT BK OF JAPAN
FOREIGN GOVERNMENT BOND
1.00%
DUE
01/22/2018
 
1,000
 
TOKYO METROPOLITAN GOVT
FOREIGN GOVERNMENT BOND
1.62%
DUE
06/06/2018
 
998
 
DEVELOPMENT BK OF JAPAN
FOREIGN GOVERNMENT BOND
1.62%
DUE
09/01/2021
 
287
 
CAISSE D AMORT DETTE SOC
FOREIGN GOVERNMENT BOND
1.75%
DUE
09/24/2019
 
1,490
 
SFIL SA
FOREIGN GOVERNMENT BOND
2.00%
DUE
06/30/2020
 
994
 
AGENCE FRANCAISE DEVELOP
FOREIGN GOVERNMENT BOND
2.00%
DUE
03/18/2019
 
998
 
NEDER WATERSCHAPSBANK
FOREIGN GOVERNMENT BOND
1.75%
DUE
09/05/2019
 
1,987
 
EUROFIMA
FOREIGN GOVERNMENT BOND
1.75%
DUE
05/29/2020
 
1,483
 
KOMMUNALBANKEN AS
FOREIGN GOVERNMENT BOND
2.25%
DUE
01/25/2022
 
1,988
 
FINNVERA PLC
FOREIGN GOVERNMENT BOND
1.88%
DUE
10/05/2020
 
991
 
TOKYO METROPOLITAN GOVERNMENT
FOREIGN GOVERNMENT BOND
2.00%
DUE
05/17/2021
 
292
 
90 DAY EURO FX FUTURE
FUTURES CONTRACT
0.00%
DUE
12/17/2018
 
30
 
5 YR US TR NOTES
FUTURES CONTRACT
0.00%
DUE
04/04/2018
 
(66)
 
5 YR US TR NOTES
FUTURES CONTRACT
0.00%
DUE
04/04/2018
 
(19)
 
5 YR US TR NOTES
FUTURES CONTRACT
0.00%
DUE
04/04/2018
 
(14)
 
5 YR US TR NOTES
FUTURES CONTRACT
0.00%
DUE
04/04/2018
 
(11)
 
5 YR US TR NOTES
FUTURES CONTRACT
0.00%
DUE
04/04/2018
 
(19)
 
5 YR US TR NOTES
FUTURES CONTRACT
0.00%
DUE
04/04/2018
 
(3)
 
5 YR US TR NOTES
FUTURES CONTRACT
0.00%
DUE
04/04/2018
 
(13)
 
5 YR US TR NOTES
FUTURES CONTRACT
0.00%
DUE
04/04/2018
 
(4)
 
5 YR US TR NOTES
FUTURES CONTRACT
0.00%
DUE
04/04/2018
 
(2)
 
5 YR US TR NOTES
FUTURES CONTRACT
0.00%
DUE
04/04/2018
 
(1)
 
5 YR US TR NOTES
FUTURES CONTRACT
0.00%
DUE
04/04/2018
 
(2)
 
5 YR US TR NOTES
FUTURES CONTRACT
0.00%
DUE
04/04/2018
 
(2)
 
5 YR US TR NOTES
FUTURES CONTRACT
0.00%
DUE
04/04/2018
 
(1)
 
5 YR US TR NOTES
FUTURES CONTRACT
0.00%
DUE
04/04/2018
 
(1)
 
5 YR US TR NOTES
FUTURES CONTRACT
0.00%
DUE
04/04/2018
 
2
 
2 YR US TR NOTES
FUTURES CONTRACT
0.00%
DUE
04/04/2018
 
(13)
 
2 YR US TR NOTES
FUTURES CONTRACT
0.00%
DUE
04/04/2018
 
(4)
 
2 YR US TR NOTES
FUTURES CONTRACT
0.00%
DUE
04/04/2018
 
(20)
 
2 YR US TR NOTES
FUTURES CONTRACT
0.00%
DUE
04/04/2018
 
(8)
 
2 YR US TR NOTES
FUTURES CONTRACT
0.00%
DUE
04/04/2018
 
(26)
 
2 YR US TR NOTES
FUTURES CONTRACT
0.00%
DUE
04/04/2018
 
(2)
 
2 YR US TR NOTES
FUTURES CONTRACT
0.00%
DUE
04/04/2018
 
(1)
 
2 YR US TR NOTES
FUTURES CONTRACT
0.00%
DUE
04/04/2018
 
(1)
 
10 YR US TR NOTES
FUTURES CONTRACT
0.00%
DUE
03/29/2018
 
29
 
10 YR US TR NOTES
FUTURES CONTRACT
0.00%
DUE
03/29/2018
 
28
 
10 YR US TR NOTES
FUTURES CONTRACT
0.00%
DUE
03/29/2018
 
4
 
10 YR US TR NOTES
FUTURES CONTRACT
0.00%
DUE
03/29/2018
 
18
 
10 YR US TR NOTES
FUTURES CONTRACT
0.00%
DUE
03/29/2018
 
2
 
10 YR US TR NOTES
FUTURES CONTRACT
0.00%
DUE
03/29/2018
 
1
 
10 YR US TR NOTES
FUTURES CONTRACT
0.00%
DUE
03/29/2018
 
2
 
10 YR US TR NOTES
FUTURES CONTRACT
0.00%
DUE
03/29/2018
 
2
 
10 YR US TR NOTES
FUTURES CONTRACT
0.00%
DUE
03/29/2018
 
(1)
 
20 YR US TR BONDS
FUTURES CONTRACT
0.00%
DUE
03/29/2018
 
(1)
 
20 YR US TR BONDS
FUTURES CONTRACT
0.00%
DUE
03/29/2018
 
(5)
 
 
25

 
 
 
CIGNA 401(k) PLAN
               
FORM 5500 SCHEDULE H, LINE 4i - SCHEDULE OF ASSETS
 
(HELD AT END OF YEAR)
               
As of December 31, 2017
(In thousands)
               
 
Identity of issue, borrower, lessor or similar party
Description of investment including maturity date, rate of interest, collateral, par
or maturity value
 
Current Value
 
20 YR US TR BONDS
FUTURES CONTRACT
0.00%
DUE
03/29/2018
 
(3)
 
20 YR US TR BONDS
FUTURES CONTRACT
0.00%
DUE
03/29/2018
 
(1)
 
20 YR US TR BONDS
FUTURES CONTRACT
0.00%
DUE
03/29/2018
 
(2)
 
20 YR US TR BONDS
FUTURES CONTRACT
0.00%
DUE
03/29/2018
 
(6)
 
20 YR US TR BONDS
FUTURES CONTRACT
0.00%
DUE
03/29/2018
 
(1)
 
20 YR US TR BONDS
FUTURES CONTRACT
0.00%
DUE
03/29/2018
 
(1)
 
20 YR US TR BONDS
FUTURES CONTRACT
0.00%
DUE
03/29/2018
 
10
 
20 YR US TR BONDS
FUTURES CONTRACT
0.00%
DUE
03/29/2018
 
(3)
 
US ULTRA T-BOND
FUTURES CONTRACT
0.00%
DUE
03/29/2018
 
(7)
 
US ULTRA T-BOND
FUTURES CONTRACT
0.00%
DUE
03/29/2018
 
(3)
 
US ULTRA T-BOND
FUTURES CONTRACT
0.00%
DUE
03/29/2018
 
(2)
 
US ULTRA T-BOND
FUTURES CONTRACT
0.00%
DUE
03/29/2018
 
6
 
US ULTRA T-BOND
FUTURES CONTRACT
0.00%
DUE
03/29/2018
 
3
 
US ULTRA T-BOND
FUTURES CONTRACT
0.00%
DUE
03/29/2018
 
1
 
US ULTRA T-BOND
FUTURES CONTRACT
0.00%
DUE
03/29/2018
 
12
 
US ULTRA T-BOND
FUTURES CONTRACT
0.00%
DUE
03/29/2018
 
1
 
US ULTRA T-BOND
FUTURES CONTRACT
0.00%
DUE
03/29/2018
 
1
 
US ULTRA T-BOND
FUTURES CONTRACT
0.00%
DUE
03/29/2018
 
3
 
US ULTRA T-BOND
FUTURES CONTRACT
0.00%
DUE
03/29/2018
 
4
 
US ULTRA T-BOND
FUTURES CONTRACT
0.00%
DUE
03/29/2018
 
4
 
US 10YR ULTRA FUT JUN16
FUTURES CONTRACT
0.00%
DUE
03/29/2018
 
(5)
 
FHLMC GOLD
MORTGAGE-BACKED SECURITY
4.50%
DUE
06/01/2039
 
257
 
FHLMC GOLD
MORTGAGE-BACKED SECURITY
4.50%
DUE
09/01/2044
 
352
 
FHLMC GOLD
MORTGAGE-BACKED SECURITY
2.00%
DUE
01/01/2032
 
433
 
FHLMC GOLD
MORTGAGE-BACKED SECURITY
4.00%
DUE
10/01/2045
 
1,634
 
FHLMC GOLD
MORTGAGE-BACKED SECURITY
3.00%
DUE
10/01/2046
 
469
 
FHLMC GOLD
MORTGAGE-BACKED SECURITY
3.00%
DUE
01/01/2047
 
3,444
 
FHLMC GOLD
MORTGAGE-BACKED SECURITY
2.50%
DUE
01/01/2029
 
1,106
 
FHLMC GOLD
MORTGAGE-BACKED SECURITY
3.00%
DUE
01/01/2037
 
709
 
FHLMC GOLD
MORTGAGE-BACKED SECURITY
3.00%
DUE
02/01/2043
 
1,248
 
FHLMC GOLD
MORTGAGE-BACKED SECURITY
3.50%
DUE
02/01/2042
 
1,466
 
FHLMC GOLD
MORTGAGE-BACKED SECURITY
3.00%
DUE
12/01/2042
 
1,014
 
FHLMC GOLD
MORTGAGE-BACKED SECURITY
4.00%
DUE
04/01/2042
 
396
 
FHLMC GOLD
MORTGAGE-BACKED SECURITY
3.50%
DUE
10/01/2042
 
608
 
FHLMC GOLD
MORTGAGE-BACKED SECURITY
3.00%
DUE
06/01/2043
 
329
 
FHLMC
MORTGAGE-BACKED SECURITY
3.00%
DUE
09/01/2030
 
1,068
 
FNMA
MORTGAGE-BACKED SECURITY
4.50%
DUE
02/01/2041
 
1,076
 
FNMA
MORTGAGE-BACKED SECURITY
3.50%
DUE
01/01/2041
 
1,310
 
FNMA
MORTGAGE-BACKED SECURITY
4.50%
DUE
02/01/2041
 
271
 
FNMA
MORTGAGE-BACKED SECURITY
3.00%
DUE
08/01/2042
 
986
 
FNMA
MORTGAGE-BACKED SECURITY
4.00%
DUE
01/01/2042
 
1,537
 
FNMA
MORTGAGE-BACKED SECURITY
3.00%
DUE
12/01/2042
 
859
 
FNMA
MORTGAGE-BACKED SECURITY
2.50%
DUE
01/01/2028
 
439
 
FNMA
MORTGAGE-BACKED SECURITY
6.00%
DUE
07/01/2041
 
715
 
FNMA
MORTGAGE-BACKED SECURITY
3.00%
DUE
03/01/2043
 
1,430
 
FNMA
MORTGAGE-BACKED SECURITY
3.00%
DUE
03/01/2043
 
537
 
FNMA
MORTGAGE-BACKED SECURITY
3.00%
DUE
04/01/2030
 
349
 
FNMA
MORTGAGE-BACKED SECURITY
3.50%
DUE
06/01/2045
 
2,967
 
FNMA
MORTGAGE-BACKED SECURITY
2.50%
DUE
09/01/2046
 
462
 
FNMA
MORTGAGE-BACKED SECURITY
2.50%
DUE
09/01/2046
 
229
 
FNMA
MORTGAGE-BACKED SECURITY
2.50%
DUE
10/01/2031
 
480
 
FNMA
MORTGAGE-BACKED SECURITY
3.00%
DUE
11/01/2036
 
456
 
FNMA
MORTGAGE-BACKED SECURITY
3.50%
DUE
12/01/2046
 
494
 
 
 
26

 
 
 
CIGNA 401(k) PLAN
               
FORM 5500 SCHEDULE H, LINE 4i - SCHEDULE OF ASSETS
 
(HELD AT END OF YEAR)
               
As of December 31, 2017
(In thousands)
               
 
Identity of issue, borrower, lessor or similar party
Description of investment including maturity date, rate of interest, collateral, par
or maturity value
 
Current Value
 
FNMA
MORTGAGE-BACKED SECURITY
3.00%
DUE
04/01/2043
 
342
 
FNMA
MORTGAGE-BACKED SECURITY
3.50%
DUE
06/01/2043
 
1,191
 
FNMA
MORTGAGE-BACKED SECURITY
3.50%
DUE
10/01/2045
 
1,260
 
FNMA
MORTGAGE-BACKED SECURITY
6.00%
DUE
10/01/2036
 
165
 
FNMA
MORTGAGE-BACKED SECURITY
5.50%
DUE
01/01/2037
 
204
 
FNMA
MORTGAGE-BACKED SECURITY
4.50%
DUE
08/01/2040
 
423
 
FNMA
MORTGAGE-BACKED SECURITY
3.50%
DUE
05/01/2042
 
2,049
 
FNMA
MORTGAGE-BACKED SECURITY
3.50%
DUE
03/01/2043
 
977
 
FNMA
MORTGAGE-BACKED SECURITY
4.50%
DUE
10/01/2039
 
331
 
FNMA
MORTGAGE-BACKED SECURITY
4.50%
DUE
11/01/2040
 
195
 
FNMA
MORTGAGE-BACKED SECURITY
2.50%
DUE
09/01/2027
 
590
 
FNMA
MORTGAGE-BACKED SECURITY
3.50%
DUE
01/01/2046
 
501
 
FNMA
MORTGAGE-BACKED SECURITY
3.50%
DUE
08/01/2031
 
441
 
FNMA
MORTGAGE-BACKED SECURITY
4.00%
DUE
09/01/2046
 
507
 
FNMA
MORTGAGE-BACKED SECURITY
5.00%
DUE
06/01/2040
 
157
 
FNMA
MORTGAGE-BACKED SECURITY
5.00%
DUE
06/01/2040
 
187
 
FNMA
MORTGAGE-BACKED SECURITY
4.50%
DUE
06/01/2040
 
348
 
FNMA
MORTGAGE-BACKED SECURITY
5.00%
DUE
06/01/2040
 
553
 
FNMA
MORTGAGE-BACKED SECURITY
4.50%
DUE
02/01/2041
 
313
 
FNMA
MORTGAGE-BACKED SECURITY
5.00%
DUE
02/01/2041
 
262
 
FNMA
MORTGAGE-BACKED SECURITY
4.00%
DUE
10/01/2040
 
924
 
FNMA
MORTGAGE-BACKED SECURITY
4.00%
DUE
11/01/2040
 
549
 
GNMA II
MORTGAGE-BACKED SECURITY
3.00%
DUE
03/20/2043
 
218
 
GNMA II
MORTGAGE-BACKED SECURITY
3.50%
DUE
03/20/2043
 
405
 
GNMA II
MORTGAGE-BACKED SECURITY
3.00%
DUE
09/20/2042
 
466
 
GNMA II
MORTGAGE-BACKED SECURITY
3.50%
DUE
10/20/2042
 
995
 
GNMA II
MORTGAGE-BACKED SECURITY
3.50%
DUE
12/20/2042
 
449
 
GNMA II
MORTGAGE-BACKED SECURITY
3.50%
DUE
12/20/2042
 
508
 
GNMA II
MORTGAGE-BACKED SECURITY
3.00%
DUE
09/20/2043
 
324
 
GNMA II
MORTGAGE-BACKED SECURITY
3.50%
DUE
10/20/2043
 
564
 
GNMA II
MORTGAGE-BACKED SECURITY
4.00%
DUE
10/20/2043
 
753
 
GNMA II
MORTGAGE-BACKED SECURITY
4.50%
DUE
10/20/2043
 
190
 
GNMA II
MORTGAGE-BACKED SECURITY
4.50%
DUE
12/20/2043
 
405
 
GNMA II
MORTGAGE-BACKED SECURITY
3.00%
DUE
01/20/2044
 
100
 
GNMA II
MORTGAGE-BACKED SECURITY
3.00%
DUE
01/20/2044
 
204
 
GNMA II
MORTGAGE-BACKED SECURITY
3.50%
DUE
03/20/2045
 
323
 
GNMA II
MORTGAGE-BACKED SECURITY
4.50%
DUE
03/20/2045
 
210
 
GNMA II
MORTGAGE-BACKED SECURITY
4.00%
DUE
06/20/2044
 
513
 
GNMA II
MORTGAGE-BACKED SECURITY
3.00%
DUE
12/20/2044
 
496
 
GNMA II
MORTGAGE-BACKED SECURITY
5.00%
DUE
04/20/2045
 
109
 
GNMA II
MORTGAGE-BACKED SECURITY
3.50%
DUE
04/20/2045
 
365
 
GNMA II
MORTGAGE-BACKED SECURITY
3.00%
DUE
05/20/2045
 
471
 
GNMA II
MORTGAGE-BACKED SECURITY
4.50%
DUE
05/20/2045
 
155
 
GNMA II
MORTGAGE-BACKED SECURITY
4.00%
DUE
11/20/2045
 
265
 
GNMA II
MORTGAGE-BACKED SECURITY
4.00%
DUE
12/20/2045
 
473
 
GNMA II
MORTGAGE-BACKED SECURITY
3.00%
DUE
01/20/2046
 
468
 
GNMA II
MORTGAGE-BACKED SECURITY
3.50%
DUE
05/20/2046
 
798
 
GNMA II
MORTGAGE-BACKED SECURITY
3.50%
DUE
07/20/2046
 
1,325
 
GNMA II
MORTGAGE-BACKED SECURITY
3.50%
DUE
07/20/2046
 
893
 
GNMA II
MORTGAGE-BACKED SECURITY
3.00%
DUE
08/20/2046
 
1,778
 
GNMA II
MORTGAGE-BACKED SECURITY
4.50%
DUE
09/20/2046
 
221
 
GNMA II
MORTGAGE-BACKED SECURITY
4.00%
DUE
10/20/2046
 
233
 
GNMA II
MORTGAGE-BACKED SECURITY
4.50%
DUE
10/20/2046
 
262
 
 
27

 
 
 
CIGNA 401(k) PLAN
               
FORM 5500 SCHEDULE H, LINE 4i - SCHEDULE OF ASSETS
 
(HELD AT END OF YEAR)
               
As of December 31, 2017
(In thousands)
               
 
Identity of issue, borrower, lessor or similar party
Description of investment including maturity date, rate of interest, collateral, par
or maturity value
 
Current Value
 
GNMA II
MORTGAGE-BACKED SECURITY
4.00%
DUE
11/20/2046
 
370
 
GNMA II
MORTGAGE-BACKED SECURITY
4.50%
DUE
11/20/2046
 
447
 
GNMA II
MORTGAGE-BACKED SECURITY
2.50%
DUE
12/20/2046
 
229
 
GNMA II
MORTGAGE-BACKED SECURITY
4.00%
DUE
02/20/2047
 
476
 
GNMA II
MORTGAGE-BACKED SECURITY
4.00%
DUE
03/20/2047
 
1,151
 
GNMA
MORTGAGE-BACKED SECURITY
4.50%
DUE
04/15/2040
 
219
 
GNMA
MORTGAGE-BACKED SECURITY
4.00%
DUE
01/15/2041
 
345
 
ALABAMA ECON SETTLEMENT AUTH B
MUNICIPALS
3.16%
DUE
09/15/2025
 
61
 
CLEARNET
NOTIONAL PAR CONTRACTS
1.48%
DUE
05/31/2023
 
493
 
CLEARNET
NOTIONAL PAR CONTRACTS
2.01%
DUE
08/31/2021
 
(4)
 
CLEARNET
NOTIONAL PAR CONTRACTS
1.42%
DUE
02/15/2024
 
2
 
CLEARNET
NOTIONAL PAR CONTRACTS
1.42%
DUE
02/15/2024
 
2
 
CLEARNET
NOTIONAL PAR CONTRACTS
1.42%
DUE
02/15/2024
 
2
 
CLEARNET
NOTIONAL PAR CONTRACTS
1.42%
DUE
02/15/2024
 
2
 
CLEARNET
NOTIONAL PAR CONTRACTS
1.42%
DUE
02/15/2024
 
1
 
CLEARNET
NOTIONAL PAR CONTRACTS
1.42%
DUE
02/15/2024
 
1
 
CLEARNET
NOTIONAL PAR CONTRACTS
1.42%
DUE
02/15/2024
 
1
 
CLEARNET
NOTIONAL PAR CONTRACTS
1.42%
DUE
02/15/2024
 
1
 
CLEARNET
NOTIONAL PAR CONTRACTS
1.42%
DUE
02/15/2024
 
3
 
CLEARNET
NOTIONAL PAR CONTRACTS
2.34%
DUE
02/15/2036
 
(7)
 
CLEARNET
NOTIONAL PAR CONTRACTS
2.34%
DUE
02/15/2036
 
(7)
 
CLEARNET
NOTIONAL PAR CONTRACTS
2.34%
DUE
02/15/2036
 
(7)
 
CLEARNET
NOTIONAL PAR CONTRACTS
1.76%
DUE
11/30/2021
 
(39)
 
CLEARNET
NOTIONAL PAR CONTRACTS
0.66%
DUE
02/15/2027
 
3
 
CLEARNET
NOTIONAL PAR CONTRACTS
0.66%
DUE
02/15/2027
 
8
 
CLEARNET
NOTIONAL PAR CONTRACTS
0.66%
DUE
02/15/2027
 
3
 
CLEARNET
NOTIONAL PAR CONTRACTS
1.16%
DUE
06/30/2019
 
1
 
CLEARNET
NOTIONAL PAR CONTRACTS
1.33%
DUE
06/30/2019
 
2
 
CLEARNET
NOTIONAL PAR CONTRACTS
1.42%
DUE
06/30/2019
 
2
 
CLEARNET
NOTIONAL PAR CONTRACTS
1.42%
DUE
06/30/2019
 
13
 
CLEARNET
NOTIONAL PAR CONTRACTS
1.42%
DUE
06/30/2019
 
11
 
CLEARNET
NOTIONAL PAR CONTRACTS
1.42%
DUE
06/30/2019
 
8
 
CLEARNET
NOTIONAL PAR CONTRACTS
0.66%
DUE
02/15/2027
 
1
 
CLEARNET
NOTIONAL PAR CONTRACTS
1.16%
DUE
02/15/2027
 
2
 
CLEARNET
NOTIONAL PAR CONTRACTS
1.16%
DUE
02/15/2027
 
2
 
CLEARNET
NOTIONAL PAR CONTRACTS
1.16%
DUE
02/15/2027
 
2
 
CLEARNET
NOTIONAL PAR CONTRACTS
1.42%
DUE
08/15/2024
 
12
 
CLEARNET
NOTIONAL PAR CONTRACTS
1.42%
DUE
08/15/2024
 
20
 
CLEARNET
NOTIONAL PAR CONTRACTS
1.42%
DUE
08/15/2024
 
2
 
CLEARNET
NOTIONAL PAR CONTRACTS
1.42%
DUE
08/15/2024
 
11
 
CLEARNET
NOTIONAL PAR CONTRACTS
1.42%
DUE
08/15/2024
 
10
 
CLEARNET
NOTIONAL PAR CONTRACTS
1.42%
DUE
08/15/2024
 
1
 
CLEARNET
NOTIONAL PAR CONTRACTS
1.42%
DUE
08/15/2024
 
3
 
CLEARNET
NOTIONAL PAR CONTRACTS
0.55%
DUE
09/30/2019
 
3
 
CLEARNET
NOTIONAL PAR CONTRACTS
0.55%
DUE
09/30/2019
 
2
 
CLEARNET
NOTIONAL PAR CONTRACTS
0.55%
DUE
09/30/2019
 
1
 
CLEARNET
NOTIONAL PAR CONTRACTS
0.82%
DUE
12/31/2019
 
1
 
CLEARNET
NOTIONAL PAR CONTRACTS
0.82%
DUE
12/31/2019
 
1
 
CLEARNET
NOTIONAL PAR CONTRACTS
0.82%
DUE
12/31/2019
 
2
 
STATE STREET STIF
SWEEP INVESTMENT
       
5,851
 
LIABILITIES IN EXCESS OF OTHER ASSETS
         
(9,911)
 
SUBTOTAL
         
249,961
 
TOTAL PRUDENTIAL STABLE VALUE FUND
       
$
331,318
               
 
 
28

 
 
CIGNA 401(k) PLAN
               
FORM 5500 SCHEDULE H, LINE 4i - SCHEDULE OF ASSETS
 
(HELD AT END OF YEAR)
               
As of December 31, 2017
(In thousands)
               
 
Identity of issue, borrower, lessor or similar party
Description of investment including maturity date, rate of interest, collateral, par
or maturity value
 
Current Value
               
MASSMUTUAL
MASSMUTUAL STABLE VALUE FUND (CONTRACT INTEREST RATE: 1.94%):
SYNTHETIC CONTRACT
         
 
ACCESS GROUP INC
ASSET-BACKED SECURITY
2.64%
DUE
07/01/2039
$
245
 
ACCESS GROUP INC
ASSET-BACKED SECURITY
2.64%
DUE
07/01/2039
 
196
 
AVIS BUDGET RENTAL CAR FUNDING
ASSET-BACKED SECURITY
2.97%
DUE
03/20/2024
 
200
 
CAPITAL AUTOMOTIVE REIT
ASSET-BACKED SECURITY
4.18%
DUE
04/15/2047
 
121
 
CAPITAL AUTOMOTIVE REIT
ASSET-BACKED SECURITY
4.18%
DUE
04/15/2047
 
253
 
CAPITAL AUTOMOTIVE REIT
ASSET-BACKED SECURITY
4.18%
DUE
04/15/2047
 
101
 
CITIGROUP MORTGAGE LOAN TRUST
ASSET-BACKED SECURITY
2.23%
DUE
05/25/2035
 
91
 
COLLEGE AVE STUDENT LOANS
ASSET-BACKED SECURITY
3.20%
DUE
11/26/2046
 
100
 
COLLEGIATE FUNDING SERVICES ED
ASSET-BACKED SECURITY
1.99%
DUE
12/28/2037
 
197
 
CREDIT SUISSE ABS REPACKAGING
ASSET-BACKED SECURITY
2.50%
DUE
01/25/2030
 
52
 
CREDIT SUISSE ABS REPACKAGING
ASSET-BACKED SECURITY
2.50%
DUE
01/25/2030
 
96
 
DRB PRIME STUDENT LOAN TRUST 2
ASSET-BACKED SECURITY
3.07%
DUE
10/25/2044
 
450
 
DRB PRIME STUDENT LOAN TRUST
ASSET-BACKED SECURITY
2.40%
DUE
05/27/2042
 
683
 
DIAMOND RESORTS OWNER TRUST 20
ASSET-BACKED SECURITY
3.37%
DUE
11/20/2028
 
139
 
ECMC GROUP STUDENT LOAN TRUST
ASSET-BACKED SECURITY
2.90%
DUE
07/26/2066
 
298
 
ECMC GROUP STUDENT LOAN TRUST
ASSET-BACKED SECURITY
2.75%
DUE
12/27/2066
 
183
 
EARNEST STUDENT LOAN PROGRAM L
ASSET-BACKED SECURITY
3.59%
DUE
01/25/2041
 
119
 
EDLINC STUDENT LOAN FUNDING TR
ASSET-BACKED SECURITY
3.10%
DUE
12/01/2047
 
894
 
EDUCATION LOAN ASSET-BACKED TR
ASSET-BACKED SECURITY
2.82%
DUE
08/01/2043
 
48
 
EDUCATION LOAN ASSET-BACKED TR
ASSET-BACKED SECURITY
2.82%
DUE
08/01/2043
 
145
 
ELARA HGV TIMESHARE ISSUER
ASSET-BACKED SECURITY
2.69%
DUE
03/25/2030
 
335
 
ELEMENT RAIL LEASING I LLC
ASSET-BACKED SECURITY
5.05%
DUE
03/19/2046
 
266
 
FIRST FRANKLIN MTG LOAN
ASSET-BACKED SECURITY
3.28%
DUE
01/25/2035
 
231
 
GLOBAL SC FINANACE SRL
ASSET-BACKED SECURITY
3.85%
DUE
04/15/2037
 
239
 
GOAL CAPITAL FUNDING TRUST
ASSET-BACKED SECURITY
3.00%
DUE
08/25/2051
 
909
 
GOAL CAPITAL FUNDING TRUST
ASSET-BACKED SECURITY
3.00%
DUE
02/25/2048
 
958
 
GOODGREEN TRUST
ASSET-BACKED SECURITY
3.23%
DUE
10/15/2052
 
241
 
GOODGREEN TRUST
ASSET-BACKED SECURITY
0.00%
DUE
10/15/2052
 
295
 
GOODGREEN TRUST
ASSET-BACKED SECURITY
3.26%
DUE
10/15/2053
 
789
 
HERO FUNDING TRUST
ASSET-BACKED SECURITY
3.19%
DUE
09/20/2048
 
456
 
HIGHER EDUCATION FUNDING
ASSET-BACKED SECURITY
2.87%
DUE
01/01/2044
 
548
 
HIGHER EDUCATION FUNDING
ASSET-BACKED SECURITY
1.30%
DUE
01/01/2044
 
508
 
321 HENDERSON RECEIVABLES I LL
ASSET-BACKED SECURITY
3.96%
DUE
03/15/2063
 
331
 
JP MORGAN STUDENT LOAN TRUST
ASSET-BACKED SECURITY
1.73%
DUE
06/28/2039
 
318
 
KDAC AIRCRAFT FINANCE LIMITED
ASSET-BACKED SECURITY
4.37%
DUE
12/15/2042
 
480
 
LABRADOR AVIATION FINANCE LTD
ASSET-BACKED SECURITY
4.30%
DUE
01/15/2042
 
402
 
MOSAIC SOLAR LOANS LLC
ASSET-BACKED SECURITY
4.45%
DUE
06/20/2042
 
75
 
NRZ ADVANCE RECEIVABLES TRUST
ASSET-BACKED SECURITY
2.83%
DUE
10/16/2051
 
884
 
NEW RESIDENTIAL ADVANCE RECEIV
ASSET-BACKED SECURITY
3.11%
DUE
12/15/2050
 
249
 
NAVISTAR FINANCIAL DEALER NOTE
ASSET-BACKED SECURITY
2.90%
DUE
09/27/2021
 
282
 
NAVIENT STUDENT LOAN TRUST 201
ASSET-BACKED SECURITY
3.05%
DUE
07/25/2052
 
398
 
NAVIENT STUDENT LOAN TRUST
ASSET-BACKED SECURITY
2.12%
DUE
11/26/2040
 
499
 
NAVIENT STUDENT LOAN TRUST
ASSET-BACKED SECURITY
2.55%
DUE
09/27/2066
 
252
 
NAVIENT STUDENT LOAN TRUST
ASSET-BACKED SECURITY
2.13%
DUE
07/26/2066
 
935
 
NAVIENT STUDENT LOAN TRUST
ASSET-BACKED SECURITY
2.85%
DUE
03/25/2066
 
1,193
 
NAVIENT STUDENT LOAN TRUST
ASSET-BACKED SECURITY
2.70%
DUE
07/26/2066
 
307
 
NELNET STUDENT LOAN TRUST
ASSET-BACKED SECURITY
1.49%
DUE
04/25/2031
 
160
 
NELNET STUDENT LOAN TRUST
ASSET-BACKED SECURITY
1.72%
DUE
10/25/2040
 
261
 
NELNET STUDENT LOAN TRUST
ASSET-BACKED SECURITY
1.83%
DUE
03/23/2037
 
236
 
NELNET STUDENT LOAN TRUST
ASSET-BACKED SECURITY
2.20%
DUE
11/25/2052
 
474
 
 
29

 
 
CIGNA 401(k) PLAN
               
FORM 5500 SCHEDULE H, LINE 4i - SCHEDULE OF ASSETS
 
(HELD AT END OF YEAR)
               
As of December 31, 2017
(In thousands)
               
 
Identity of issue, borrower, lessor or similar party
Description of investment including maturity date, rate of interest, collateral, par
or maturity value
 
Current Value
 
NELNET PRIVATE EDUCATION LOAN
ASSET-BACKED SECURITY
3.31%
DUE
12/26/2040
 
86
 
NELNET PRIVATE EDUCATION LOAN
ASSET-BACKED SECURITY
3.60%
DUE
12/26/2040
 
105
 
NEXTGEAR FLOORPLAN MASTER OWNE
ASSET-BACKED SECURITY
2.19%
DUE
09/15/2021
 
239
 
NORTHSTAR EDUCATION FINANCE
ASSET-BACKED SECURITY
2.13%
DUE
10/30/2045
 
89
 
NORTHSTAR EDUCATION FINANCE
ASSET-BACKED SECURITY
2.82%
DUE
05/27/2036
 
149
 
NOVASTAR HOME EQUITY LOAN
ASSET-BACKED SECURITY
3.28%
DUE
03/25/2035
 
359
 
OSCAR US FUNDING TRUST
ASSET-BACKED SECURITY
2.73%
DUE
12/15/2020
 
409
 
PENNSYLVANIA HIGHER EDUCATION
ASSET-BACKED SECURITY
2.50%
DUE
11/25/2065
 
273
 
PANHANDLE PLAINS STUDENT FINAN
ASSET-BACKED SECURITY
3.05%
DUE
12/01/2031
 
197
 
PANHANDLE PLAINS STUDENT FINAN
ASSET-BACKED SECURITY
3.05%
DUE
12/01/2031
 
295
 
SLC STUDENT LOAN TRUST
ASSET-BACKED SECURITY
1.62%
DUE
02/15/2045
 
158
 
SLM STUDENT LOAN TRUST
ASSET-BACKED SECURITY
4.89%
DUE
12/15/2039
 
100
 
SLM STUDENT LOAN TRUST
ASSET-BACKED SECURITY
1.92%
DUE
10/25/2064
 
248
 
SLM STUDENT LOAN TRUST
ASSET-BACKED SECURITY
1.92%
DUE
10/25/2064
 
894
 
SLM STUDENT LOAN TRUST
ASSET-BACKED SECURITY
1.62%
DUE
10/25/2040
 
191
 
SLM STUDENT LOAN TRUST
ASSET-BACKED SECURITY
1.67%
DUE
01/25/2041
 
239
 
SLM STUDENT LOAN TRUST
ASSET-BACKED SECURITY
1.57%
DUE
01/25/2070
 
231
 
SLM STUDENT LOAN TRUST
ASSET-BACKED SECURITY
1.60%
DUE
01/25/2041
 
363
 
SLM STUDENT LOAN TRUST
ASSET-BACKED SECURITY
3.35%
DUE
11/25/2070
 
201
 
SLM STUDENT LOAN TRUST
ASSET-BACKED SECURITY
3.35%
DUE
11/25/2070
 
532
 
SLM STUDENT LOAN TRUST
ASSET-BACKED SECURITY
3.05%
DUE
12/28/2070
 
238
 
SMB PRIVATE EDUCATION LOAN TRU
ASSET-BACKED SECURITY
3.23%
DUE
05/17/2032
 
261
 
SMB PRIVATE EDUCATION LOAN TRU
ASSET-BACKED SECURITY
3.43%
DUE
08/16/2032
 
314
 
SMB PRIVATE EDUCATION LOAN TRU
ASSET-BACKED SECURITY
2.58%
DUE
09/15/2034
 
153
 
SMB PRIVATE EDUCATION LOAN TRU
ASSET-BACKED SECURITY
2.58%
DUE
09/15/2034
 
610
 
SOCIAL PROFESSIONAL LOAN PROGR
ASSET-BACKED SECURITY
2.76%
DUE
12/26/2036
 
743
 
SPS SERVICER ADVANCE RECEIVABL
ASSET-BACKED SECURITY
2.75%
DUE
11/15/2049
 
380
 
SOCIAL PROFESSIONAL LOAN PROGR
ASSET-BACKED SECURITY
2.49%
DUE
01/25/2036
 
139
 
SMB PRIVATE EDUCATION LOAN TRU
ASSET-BACKED SECURITY
2.23%
DUE
10/15/2035
 
291
 
SOUTH CAROLINA STUDENT LOAN CO
ASSET-BACKED SECURITY
2.37%
DUE
07/25/2025
 
616
 
SUTTONPARK STRUCTURED SETTLEME
ASSET-BACKED SECURITY
4.19%
DUE
01/15/2071
 
248
 
TAL ADVANTAGE LLC
ASSET-BACKED SECURITY
4.50%
DUE
04/20/2042
 
222
 
TRINITY RAIL LEASING L P
ASSET-BACKED SECURITY
5.19%
DUE
10/16/2040
 
825
 
TRINITY RAIL LEASING L P
ASSET-BACKED SECURITY
5.19%
DUE
10/16/2040
 
180
 
TRITON CONTAINER FINANCE LLC
ASSET-BACKED SECURITY
3.52%
DUE
06/20/2042
 
95
 
TRITON CONTAINER FINANCE LLC
ASSET-BACKED SECURITY
3.62%
DUE
08/20/2042
 
243
 
CFCRE COMMERCIAL MORTGAGE TRUS
COLLATERIZED MORTGAGE OBLIGATION
3.22%
DUE
11/10/2049
 
400
 
COMM 2014 UBS2
COLLATERIZED MORTGAGE OBLIGATION
4.70%
DUE
03/10/2047
 
525
 
FNMA CONNECTICUT AVENUE SECURI
COLLATERIZED MORTGAGE OBLIGATION
2.85%
DUE
04/25/2029
 
245
 
JP MORGAN CHASE
COLLATERIZED MORTGAGE OBLIGATION
4.57%
DUE
08/15/2046
 
575
 
JPMBB COMMERCIAL MORTGAGE SECU
COLLATERIZED MORTGAGE OBLIGATION
4.75%
DUE
03/15/2049
 
354
 
JP MORGAN MORTGAGE TRUST
COLLATERIZED MORTGAGE OBLIGATION
3.50%
DUE
01/25/2047
 
280
 
JP MORGAN MORTGAGE TRUST
COLLATERIZED MORTGAGE OBLIGATION
3.00%
DUE
11/25/2047
 
318
 
JP MORGAN MORTGAGE TRUST
COLLATERIZED MORTGAGE OBLIGATION
3.50%
DUE
01/25/2048
 
598
 
STATION PLACE SECURITIZATION T
COLLATERIZED MORTGAGE OBLIGATION
2.35%
DUE
11/25/2050
 
200
 
SOFI MORTGAGE TRUST
COLLATERIZED MORTGAGE OBLIGATION
3.00%
DUE
11/25/2046
 
466
 
SHELLPOINT CO ORIGINATOR TRUST
COLLATERIZED MORTGAGE OBLIGATION
3.00%
DUE
10/25/2031
 
349
 
VELOCITY COMMERCIAL CAPITAL LO
COLLATERIZED MORTGAGE OBLIGATION
3.00%
DUE
10/25/2046
 
141
 
 
30

 
 
CIGNA 401(k) PLAN
               
FORM 5500 SCHEDULE H, LINE 4i - SCHEDULE OF ASSETS
 
(HELD AT END OF YEAR)
               
As of December 31, 2017
(In thousands)
               
 
Identity of issue, borrower, lessor or similar party
Description of investment including maturity date, rate of interest, collateral, par
or maturity value
 
Current Value
 
ANHEUSER BUSCH INBEV WORLDWIDE
COMMERCIAL PAPER
0.00%
DUE
01/10/2018
 
1,499
 
BELL CANADA
COMMERCIAL PAPER
0.00%
DUE
02/12/2018
 
1,497
 
CARNIVAL CORP
COMMERCIAL PAPER
0.00%
DUE
01/11/2018
 
1,999
 
CENTERPOINT ENGY INC
COMMERCIAL PAPER
0.00%
DUE
01/02/2018
 
1,500
 
ENTERGY CORPORATION
COMMERCIAL PAPER
0.00%
DUE
01/29/2018
 
999
 
EXPERIAN FINANCE PLC
COMMERCIAL PAPER
0.00%
DUE
01/08/2018
 
1,749
 
FMC TECHNOLOGIES INC
COMMERCIAL PAPER
0.00%
DUE
01/17/2018
 
1,998
 
FEDEX CORPORATION
COMMERCIAL PAPER
0.00%
DUE
01/08/2018
 
750
 
HP INC
COMMERCIAL PAPER
0.00%
DUE
01/05/2018
 
1,500
 
HP INC
COMMERCIAL PAPER
0.00%
DUE
01/08/2018
 
500
 
LAM RESEARCH CORP
COMMERCIAL PAPER
0.00%
DUE
01/04/2018
 
2,000
 
MARRIOTT INTERNATION
COMMERCIAL PAPER
0.00%
DUE
01/16/2018
 
1,999
 
MOLEX ELECTRONIC TECHNOLOGIES
COMMERCIAL PAPER
0.00%
DUE