The Cigna Group's Customers Performance
CI
|
CI's Source of Revenues |
The Cigna Group's Corporate Customers have recorded an advance in their cost of revenue by 7.55 % in the 4 quarter 2023 year on year, sequentially costs of revenue grew by 32.47 %. During the corresponding time, The Cigna Group recorded revenue increase by 11.72 % year on year, sequentially revenue grew by 4.21 %. While revenue at the The Cigna Group's corporate clients recorded rose by 11.38 % year on year, sequentially revenue grew by 56.09 %.
• List of CI Customers
|
|
The Cigna Group's Customers have recorded an advance in their cost of revenue by 7.55 % in the 4 quarter 2023 year on year, sequentially costs of revenue grew by 32.47 %, for the same period The Cigna Group recorded revenue increase by 11.72 % year on year, sequentially revenue grew by 4.21 %.
• List of CI Customers
Select the Relationship:
|
|
Select the Category:
|
|
Customers recorded net loss in Q4 |
Customers recorded net loss |
|
|
The Cigna Group's Comment on Sales, Marketing and Customers
Our supplemental health, life and accident insurance products are offered primarily
in South Korea and select markets in Asia and Europe, as well as the United
States. In China and Turkey we offer products and services through joint ventures
in which we own 50% and 51% interests, respectively. In 2014, we will begin
offering products and services in India through a joint venture in which we
own a 26% interest. Our Medicare supplement product line is primarily distributed
through independent agents and telemarketing directly to the U.S. consumer.
South Korea represents our single largest geographic market for Global Supplemental
Benefits. For information on the concentration of risk with respect to the Global
Supplemental Benefits segments business in South Korea, see "Other Items
Affecting Results of Global Supplemental Benefits" in the Global Supplemental
Benefits section of the MD&A beginning on page 47 of this Form 10-K.
Our supplemental health, life and accident insurance products sold in foreign
countries are generally marketed through distribution partners with whom the
individual insured has an affinity relationship. These products are sold primarily
through direct marketing channels, such as outbound telemarketing, and in-branch
bancassurance (where we partner with a bank and use the banks sales channels
to sell our insurance products). Marketing campaigns are conducted through these
channels under a variety of arrangements with affinity partners, including banks,
credit card companies and other financial and non-financial institutions. We
also market directly to consumers via direct response television and the Internet.
Our Medicare supplement product line is distributed primarily through independent
agents and telemarketing directly to the consumer.
For our supplemental health, life and accident insurance products sold in foreign
markets we are increasingly exposed to geopolitical and other risks inherent
in foreign operations. Also, given that we bill and collect a significant portion
of premiums through credit cards, a substantial contraction in consumer credit
could impact our ability to retain existing policies and sell new policies.
A decline in customer retention would result in both a reduction of revenue
and an acceleration of the amortization of acquisition related costs. Changes
We market our group disability and life insurance products and services to
employers, employees, professional and other associations and groups in the
National, Middle Market and Select segments. In marketing these products, we
primarily sell through insurance brokers and consultants and employ a direct
sales force. The field sales force for the products and services of this segment
consisted of approximately 230 sales professionals in 27 office locations.
In most states, our insurance companies and HMO subsidiaries are required to
certify compliance with applicable advertising regulations on an annual basis.
Our insurance companies and HMO subsidiaries are also required in most states
to file and secure regulatory approval of products prior to the marketing, advertising,
and sale of such products. State and/or federal regulatory scrutiny of life
and health insurance company and HMO marketing and advertising practices, including
the adequacy of disclosure regarding products and their administration, may
result in increased regulation.
|
The Cigna Group's Comment on Sales, Marketing and Customers
Our supplemental health, life and accident insurance products are offered primarily
in South Korea and select markets in Asia and Europe, as well as the United
States. In China and Turkey we offer products and services through joint ventures
in which we own 50% and 51% interests, respectively. In 2014, we will begin
offering products and services in India through a joint venture in which we
own a 26% interest. Our Medicare supplement product line is primarily distributed
through independent agents and telemarketing directly to the U.S. consumer.
South Korea represents our single largest geographic market for Global Supplemental
Benefits. For information on the concentration of risk with respect to the Global
Supplemental Benefits segments business in South Korea, see "Other Items
Affecting Results of Global Supplemental Benefits" in the Global Supplemental
Benefits section of the MD&A beginning on page 47 of this Form 10-K.
Our supplemental health, life and accident insurance products sold in foreign
countries are generally marketed through distribution partners with whom the
individual insured has an affinity relationship. These products are sold primarily
through direct marketing channels, such as outbound telemarketing, and in-branch
bancassurance (where we partner with a bank and use the banks sales channels
to sell our insurance products). Marketing campaigns are conducted through these
channels under a variety of arrangements with affinity partners, including banks,
credit card companies and other financial and non-financial institutions. We
also market directly to consumers via direct response television and the Internet.
Our Medicare supplement product line is distributed primarily through independent
agents and telemarketing directly to the consumer.
For our supplemental health, life and accident insurance products sold in foreign
markets we are increasingly exposed to geopolitical and other risks inherent
in foreign operations. Also, given that we bill and collect a significant portion
of premiums through credit cards, a substantial contraction in consumer credit
could impact our ability to retain existing policies and sell new policies.
A decline in customer retention would result in both a reduction of revenue
and an acceleration of the amortization of acquisition related costs. Changes
We market our group disability and life insurance products and services to
employers, employees, professional and other associations and groups in the
National, Middle Market and Select segments. In marketing these products, we
primarily sell through insurance brokers and consultants and employ a direct
sales force. The field sales force for the products and services of this segment
consisted of approximately 230 sales professionals in 27 office locations.
In most states, our insurance companies and HMO subsidiaries are required to
certify compliance with applicable advertising regulations on an annual basis.
Our insurance companies and HMO subsidiaries are also required in most states
to file and secure regulatory approval of products prior to the marketing, advertising,
and sale of such products. State and/or federal regulatory scrutiny of life
and health insurance company and HMO marketing and advertising practices, including
the adequacy of disclosure regarding products and their administration, may
result in increased regulation.
CI's vs. Customers, Data
(Revenue and Income for Trailing 12 Months, in Millions of $, except Employees)
COMPANY NAME |
MARKET CAP |
REVENUES |
INCOME |
EMPLOYEES |
The Cigna Group |
104,714.28 |
195,265.00 |
5,372.00 |
73,700 |
Heartland Media Acquisition Corp |
202.86 |
0.00 |
4.01 |
0 |
Tenet Healthcare Corp |
10,741.19 |
20,548.00 |
1,311.00 |
108,000 |
Cvs Health Corporation |
100,037.72 |
357,776.00 |
8,368.00 |
300,000 |
The Kroger Co |
40,737.75 |
147,797.00 |
1,881.00 |
420,000 |
Davita Inc |
12,770.10 |
12,140.15 |
956.98 |
69,000 |
Keycorp |
13,521.09 |
5,894.00 |
967.00 |
16,744 |
Centene Corporation |
42,042.03 |
153,695.00 |
1,740.00 |
72,500 |
Cno Financial Group Inc |
3,051.87 |
4,146.80 |
276.50 |
3,500 |
Futu Holdings Ltd |
62,442.93 |
975.97 |
375.17 |
150 |
Molina Healthcare Inc |
23,508.52 |
34,072.00 |
1,091.00 |
14,000 |
Trupanion Inc |
1,122.29 |
1,108.61 |
-44.69 |
439 |
Atlantic American Corp |
56.20 |
185.28 |
3.10 |
147 |
American National Group Inc |
5,108.64 |
4,299.31 |
639.89 |
4,736 |
Citizens Inc |
110.98 |
240.68 |
24.44 |
620 |
First Trinity Financial Corp |
0.00 |
75.76 |
7.92 |
9 |
Truist Financial Corporation |
46,437.36 |
21,281.00 |
-1,047.00 |
52,641 |
National Security Group Inc. |
41.46 |
66.13 |
0.82 |
1 |
National Western Life Group Inc |
1,717.33 |
639.35 |
128.42 |
261 |
Primerica Inc |
8,843.74 |
2,776.29 |
553.51 |
1,764 |
Sundance Strategies Inc |
59.13 |
0.00 |
-2.49 |
3 |
Utg Inc |
98.25 |
44.80 |
16.24 |
42 |
Voya Financial Inc |
7,627.66 |
7,348.00 |
729.00 |
0 |
Arthur J Gallagher and Co |
55,519.39 |
19,196.90 |
1,141.10 |
39,000 |
Brown and Brown Inc |
24,118.16 |
4,132.40 |
747.00 |
12,023 |
Crawford and Co |
384.85 |
1,338.22 |
-9.39 |
8,941 |
Erie Indemnity Company |
21,795.28 |
3,297.91 |
446.06 |
4,800 |
Corvel Corporation |
4,291.40 |
749.96 |
74.72 |
3,508 |
First American Financial Corporation |
5,757.05 |
6,259.20 |
235.20 |
17,955 |
Fidelity National Financial Inc |
13,339.14 |
11,752.00 |
518.00 |
54,091 |
Stewart Information Services Corp |
1,662.35 |
2,257.34 |
45.60 |
6,900 |
Investors Title Co |
297.33 |
224.75 |
21.69 |
237 |
Amerisafe Inc |
971.37 |
306.50 |
63.71 |
449 |
China United Insurance Service Inc |
46.04 |
134.74 |
15.91 |
2,239 |
Employers Holdings Inc |
1,177.28 |
850.90 |
118.10 |
716 |
Horace Mann Educators Corporation |
1,454.04 |
1,491.90 |
45.00 |
1,350 |
Old Republic International Corporation |
8,346.19 |
7,258.30 |
598.60 |
8,200 |
United Fire Group Inc |
565.05 |
1,174.22 |
36.38 |
1,057 |
Assured Guaranty Ltd |
5,457.18 |
1,373.00 |
761.00 |
300 |
Midwest Holding Inc |
102.33 |
37.47 |
1.06 |
0 |
Fresenius Medical Care Ag |
5,586.59 |
21,788.05 |
820.35 |
1,254 |
Rite Aid Corp |
35.86 |
23,475.49 |
-1,635.20 |
50,000 |
SUBTOTAL |
531,185.99 |
882,209.35 |
22,024.69 |
1,277,577 |
|