PART II ITEM 8 Financial Statements and Supplementary Data Accumulated other comprehensive income (loss) excludes amounts required to adjust future policy benefits for the run-off settlement annuity business. Changes in accumulated other comprehensive income (loss) were as follows: State insurance departments and foreign jurisdictions that regulate certain of the Company’s subsidiaries prescribe accounting practices (which differ in some respects from GAAP) to determine statutory net income and surplus. The Company’s life insurance and HMO company CIGNA CORPORATION -  2012 Form  10-K 113 Shareholders’ Equity and Dividend Restrictions NOTE 19 Accumulated Other Comprehensive Income (Loss) NOTE 18 Tax 2012 (Expense) After- (In millions) Pre-Tax Benefit Tax Net unrealized appreciation, securities: Net unrealized appreciation on securities arising during the year $ 271 $ (90) $ 181 Reclassification adjustment for losses (gains) included in shareholders’ net income (52) 18 (34) Net unrealized appreciation, securities $ 219 $ (72) $ 147 Net unrealized depreciation, derivatives $ (7) $ 2 $ (5) Net translation of foreign currencies $ 78 $ (12) $ 66 Postretirement benefits liability adjustment: Reclassification adjustment for amortization of net losses from past experience and prior service costs, and settlement charges $ 52 $ (18) $ 34 Net change arising from assumption and plan changes and experience (181) 55 (126) Net postretirement benefits liability adjustment $ (129) $ 37 $ (92) Tax 2011 (Expense) After- (In millions) Pre-Tax Benefit Tax Net unrealized appreciation, securities: Net unrealized appreciation on securities arising during the year $ 366 $ (127) $ 239 Reclassification adjustment for (gains) included in net income (49) 18 (31) Net unrealized appreciation, securities $ 317 $ (109) $ 208 Net unrealized appreciation, derivatives $ 1 $ – $ 1 Net translation of foreign currencies $ (21) $ (1) $ (22) Postretirement benefits liability adjustment: Reclassification adjustment for amortization of net losses from past experience and prior service costs $ 22 $ (7) $ 15 Net change arising from assumption and plan changes and experience (580) 205 (375) Net postretirement benefits liability adjustment $ (558) $ 198 $ (360) Tax 2010 (Expense) After- (In millions) Pre-Tax Benefit Tax Net unrealized appreciation, securities: Net unrealized appreciation on securities arising during the year $ 319 $ (109) $ 210 Reclassification adjustment for (gains) included in net income (92) 32 (60) Net unrealized appreciation, securities $ 227 $ (77) $ 150 Net unrealized appreciation, derivatives $ 8 $ (2) $ 6 Net translation of foreign currencies $ 40 $ (7) $ 33 Postretirement benefits liability adjustment: Reclassification adjustment for amortization of net losses from past experience and prior service costs $ 10 $ (4) $ 6 Net change arising from assumption and plan changes and experience (311) 116 (195) Net postretirement benefits liability adjustment $ (301) $ 112 $ (189)