Analysis of Reportable Segments
Cigna Group operates in 3 segments: Evernorth Health Services; Cigna Healthcare; and Other Operations.
Segment Profit Margin
Cigna Group, profit margin by reportable segment
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Evernorth Health Services | 3.46% | 4.20% | 4.37% | 4.41% | 4.62% |
| Cigna Healthcare | 7.99% | 8.75% | 9.04% | 8.08% | 9.80% |
| Other Operations | -1.09% | 16.11% | 22.10% | 22.29% | 11.44% |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment profit margin | Evernorth Health Services | Evernorth Health Services segment profit margin ratio deteriorated from 2022 to 2023 and from 2023 to 2024. |
| Cigna Healthcare | Cigna Healthcare segment profit margin ratio deteriorated from 2022 to 2023 and from 2023 to 2024. | |
| Other Operations | Other Operations segment profit margin ratio deteriorated from 2022 to 2023 and from 2023 to 2024. |
Segment Profit Margin: Evernorth Health Services
Cigna Group; Evernorth Health Services; segment profit margin calculation
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Pre-tax adjusted income (loss) from operations | 7,001) | 6,442) | 6,127) | 5,818) | 5,363) |
| Adjusted revenues | 202,155) | 153,499) | 140,335) | 131,912) | 116,130) |
| Segment Profitability Ratio | |||||
| Segment profit margin1 | 3.46% | 4.20% | 4.37% | 4.41% | 4.62% |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
1 2024 Calculation
Segment profit margin = 100 × Pre-tax adjusted income (loss) from operations ÷ Adjusted revenues
= 100 × 7,001 ÷ 202,155 = 3.46%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment profit margin | Evernorth Health Services | Evernorth Health Services segment profit margin ratio deteriorated from 2022 to 2023 and from 2023 to 2024. |
Segment Profit Margin: Cigna Healthcare
Cigna Group; Cigna Healthcare; segment profit margin calculation
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Pre-tax adjusted income (loss) from operations | 4,229) | 4,478) | 4,072) | 3,609) | 4,031) |
| Adjusted revenues | 52,914) | 51,205) | 45,036) | 44,652) | 41,135) |
| Segment Profitability Ratio | |||||
| Segment profit margin1 | 7.99% | 8.75% | 9.04% | 8.08% | 9.80% |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
1 2024 Calculation
Segment profit margin = 100 × Pre-tax adjusted income (loss) from operations ÷ Adjusted revenues
= 100 × 4,229 ÷ 52,914 = 7.99%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment profit margin | Cigna Healthcare | Cigna Healthcare segment profit margin ratio deteriorated from 2022 to 2023 and from 2023 to 2024. |
Segment Profit Margin: Other Operations
Cigna Group; Other Operations; segment profit margin calculation
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Pre-tax adjusted income (loss) from operations | (9) | 96) | 500) | 889) | 966) |
| Adjusted revenues | 828) | 596) | 2,262) | 3,989) | 8,446) |
| Segment Profitability Ratio | |||||
| Segment profit margin1 | -1.09% | 16.11% | 22.10% | 22.29% | 11.44% |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
1 2024 Calculation
Segment profit margin = 100 × Pre-tax adjusted income (loss) from operations ÷ Adjusted revenues
= 100 × -9 ÷ 828 = -1.09%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment profit margin | Other Operations | Other Operations segment profit margin ratio deteriorated from 2022 to 2023 and from 2023 to 2024. |
Adjusted revenues
Cigna Group, adjusted revenues by reportable segment
US$ in millions
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Evernorth Health Services | 202,155) | 153,499) | 140,335) | 131,912) | 116,130) |
| Cigna Healthcare | 52,914) | 51,205) | 45,036) | 44,652) | 41,135) |
| Other Operations | 828) | 596) | 2,262) | 3,989) | 8,446) |
| Corporate and eliminations | (8,798) | (9,978) | (6,991) | (6,475) | (5,644) |
| Total | 247,099) | 195,322) | 180,642) | 174,078) | 160,067) |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
Pre-tax adjusted income (loss) from operations
Cigna Group, pre-tax adjusted income (loss) from operations by reportable segment
US$ in millions
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Evernorth Health Services | 7,001) | 6,442) | 6,127) | 5,818) | 5,363) |
| Cigna Healthcare | 4,229) | 4,478) | 4,072) | 3,609) | 4,031) |
| Other Operations | (9) | 96) | 500) | 889) | 966) |
| Corporate and eliminations | (1,688) | (1,698) | (1,466) | (1,339) | (1,552) |
| Total | 9,533) | 9,318) | 9,233) | 8,977) | 8,808) |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).