CSIMarket
 
The Cigna Group  (CI)
Other Ticker:  
 
 
Price: $336.4700 $2.57 0.770%
Day's High: $336.64 Week Perf: 0.12 %
Day's Low: $ 334.32 30 Day Perf: -0.66 %
Volume (M): 33 52 Wk High: $ 365.71
Volume (M$): $ 10,960 52 Wk Avg: $310.30
Open: $331.38 52 Wk Low: $253.95



 Market Capitalization (Millions $) 96,085
 Shares Outstanding (Millions) 286
 Employees 73,700
 Revenues (TTM) (Millions $) 206,003
 Net Income (TTM) (Millions $) 3,854
 Cash Flow (TTM) (Millions $) 2,155
 Capital Exp. (TTM) (Millions $) 0

The Cigna Group
CIGNA Corporation and its subsidiaries constitute one of the largest investor-owned employee benefits organizations in the United States. Its subsidiaries are major providers of employee benefits offered through the workplace, including health care products and services, group life, accident and disability insurance, retirement products and services and investment management. CIGNA's major insurance subsidiary, Connecticut General Life Insurance Company ('CG Life'), traces its origins to 1865. CIGNA Corporation was incorporated in the State of Delaware in 1981.

CIGNA's revenues are derived principally from premiums and fees, and investment income. The financial results of the operating divisions are reported in the following segments, as shown:

Health Care Segment

CIGNA HealthCare

Disability and Life Segment

CIGNA Group Insurance

Retirement Segment

CIGNA Retirement & Investment Services

International Segment

CIGNA International

Run-off Reinsurance Segment

CIGNA Reinsurance

Other Operations consists of:

deferred gains recognized from the 1998 sale of the individual life insurance and annuity business;

corporate life insurance on which policy loans are outstanding;

settlement annuity business; and

certain investment management services.

CIGNA employs group sales representatives to distribute the managed care and indemnity products and services of this segment through insurance brokers, insurance consultants and directly to employers. CIGNA also employs representatives to sell medical cost containment, managed behavioral health care and employee assistance services, and disability management programs directly to insurance companies, HMOs, third party administrators and employer groups.

Competition

Managed care and indemnity businesses are highly competitive. Recent industry consolidation (particularly among Blue Cross and Blue Shield companies) and the development of PPO products that are competitive with CIGNA's have exacerbated this already competitive business environment. While no one competitor or small number of competitors dominates the health care market, a trend of continued consolidation in the industry could change this situation.

The principal competitors of CIGNA's managed care and indemnity businesses are:

other large insurance companies that provide group health and life insurance products;

Blue Cross and Blue Shield organizations;

stand-alone HMOs and PPOs;

HMOs affiliated with major insurance companies and hospitals; and

national managed pharmacy, behavioral health and cost containment services companies.

The principal competitive factors that affect the products of the Disability and Life segment are underwriting and pricing, relative operating efficiency, distribution methodologies and producer relations, variety of products and services offered, and the quality of customer service and claims management.

The retirement plan marketplace is highly competitive. CIGNA's competitors include mutual fund companies, insurance companies, banks, investment advisors, and certain service and professional organizations. Competition focuses on service, technology, cost, variety of investment options, investment performance and financial strength, as indicated for CIGNA's retirement business by ratings of CG Life by nationally recognized rating agencies.



   Company Address: 900 Cottage Grove Road Bloomfield 6002 CT
   Company Phone Number: 226-6000   Stock Exchange / Ticker: NYSE CI
   


Customers Net Income grew by CI's Customers Net Profit Margin grew to

113.93 %

7.92 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

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• View Complete Report
   



The Cigna Group

The Cigna Group Faces $291 Million Tax Charge in First Quarter 2024

As a financial analyst for the CSIMarket.com, I have closely examined the first quarter 2024 financial results of The Cigna Group (CI) and its impact on the company's future. The data reveals a surge in revenue by 23.084% to $57.26 billion from the comparable quarter a year prior, showcasing impressive growth in the top-line performance.
However, there is a cause for concern as the company slipped into a shortfall with earnings per share at $-0.97, a significant decrease from the previous quarter's earnings per share of $3.53. Despite this, The Cigna Group has outperformed its industry peers in the Accident & Health Insurance sector, which reported a 9.67% revenue improvement during the same period.

The Cigna Group

The Cigna Group's Earnings Soar with $919.00 Million Income Tax Refund

The recent financial results for The Cigna Group have painted a complex picture of the company's performance. While there was a notable increase in revenue, profits took a hit in the most recent fiscal period. This has led to a reduction in earnings per share (EPS), with a decrease of -9.21% to $3.53 per share.
Despite the decline in profits, the company saw an impressive 11.722% increase in revenue to $51.11 billion. This growth in revenue is commendable, especially when compared to the overall 11.64% revenue rise seen in the Accident & Health Insurance industry during the same period. It is clear that The Cigna Group is performing well in terms of revenue generation.

Product Service News

Health Care Service Corporation's Acquisition of Cigna's Medicare Business Remains Unchanged, AM Best Comments

Published Fri, Feb 2 2024 8:04 PM UTC

- In a recent announcement, Health Care Service Corporation (HCSC), also known as Blue Cross Blue Shield of Illinois/Texas/New Mexico/Oklahoma/Montana, confirmed its definitive agreement to acquire the Medicare business of The Cigna Group (Cigna). AM Best, a leading credit rating agency, has stated that this acquisition does not impact HCSC's current credit ratings.HCSC, h...

The Cigna Group

The Cigna Group Shines with a Stable Rise in Third Quarter 2023 Earnings Season

The Cigna Group, a prominent player in the Accident & Health Insurance industry, recently reported its financial results for the third quarter of 2023. Despite experiencing a rise in revenue by 8.322% during this period, the company experienced a significant decline in net profit per share compared to the same timeframe in the previous year. The net profit per share dropped to $4.74 per share, in contrast to $8.97 per share earned in the financial period ending on September 30, 2022.
To gain a better understanding of Cigna's performance in the third quarter of 2023, investors should consider examining the remainder of the Accident & Health Insurance industry. It becomes evident that CI fell short of its peers' statement revenue improvement of 11.42% when compared to the corresponding period a year before. This information suggests that there could be underlying issues within the company's operations that need to be addressed.

The Cigna Group

The Cigna Group Sees Impressive 6.829% Revenue Leap in Q2 2023, Overcoming Prior Year Figures



Analyzing financial results can provide valuable insights into the performance of a company. In the case of The Cigna Group, we observe a mix of positive and moderate growth across various key indicators. However, certain factors raise questions about their potential impact on the company's future prospects.
Revenue Growth Outpaces EPS Increase:
During the most recent fiscal period, The Cigna Group experienced a revenue growth rate of 6.829%, reaching $48.59 billion. On the other hand, earnings per share (EPS) grew more conservatively, by 0.41%, to $4.92 per share. This indicates that although the company is generating higher revenue, the growth in profitability has been relatively slower.






 

The Cigna Group's Segments
 
Health Care
 Segment     of total Revenue
Disability & Life
 Segment     of total Revenue
Other Operations
 Segment     of total Revenue
 
• View Complete Report
  Company Estimates  
  Revenue Outlook
The Cigna Group announced annual revenue outlook on

Earnings Outlook
The Cigna Group issued annual earnings guidance on

 
Geographic Revenue Dispersion
Domestic
International

The Cigna Group's Operating Statistics Decrease / Increase
       
Medical Members (Thousands)   Medical Members (Thousands) Decline   
Behavioral care Members (Thousands)   Behavioral care Members (Thousands) Decline   
Dental Members (Thousands)   Dental Members (Thousands) Decline   
Pharmacy Members (Thousands)   Pharmacy Members (Thousands) Decline   
Medicare Part D Members (Thousands)   Medicare Part D Members (Thousands) Decline   




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