References in periodicals archive ?
While CIGNA has in place a dynamic hedging program for the VADB exposure that has performed as expected to date, the hedge does not completely eliminate operational, market, and policyholder behavior risks.
In the reinsurance business, the additional VADB reserves were driven by higher-than-expected policyholder persistency.
The statutory capitalization of CIGNA's regulated subsidiaries, including CG Life, continue to be good and were unaffected by the additional VADB reserving, which was a GAAP-only charge.