Cigna Group

CI 10-K · Q4 2025

CI Q4 2025 request

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Income Statement

Income Statement
Metric Q4 2025 Q4 2024 YoY
Revenue (Q)
Show Product Lines breakouts
Home delivery and specialty revenues · Evernorth Health Services 21,068 19,092 +10.3%
Network revenues · Evernorth Health Services 34,254 28,545 +20.0%
Other revenues · Evernorth Health Services 3,416 3,112 +9.8%
Product 58,336 49,941 +16.8%
Product · All Other Segments 13 13 0.0%
Product · Corporate and Eliminations -415 -821 +49.5%
Product · Evernorth Health Services 58,738 50,749 +15.7%
Service 4,509 3,928 +14.8%
Service Other 144 75 +92.0%
Service, Fees And Other Revenues [Member] 4,509 3,928 +14.8%
Service, Fees And Other Revenues [Member] · All Other Segments 3 15 -80.0%
Service, Fees And Other Revenues [Member] · Cigna Healthcare 1,823 1,765 +3.3%
Service, Fees And Other Revenues [Member] · Corporate and Eliminations -1,584 -808 -96.0%
Service, Fees And Other Revenues [Member] · Evernorth Health Services 4,267 2,956 +44.4%
Premiums Earned Net 9,288 11,503 -19.3%
Show Product Lines breakouts
Employer insured · Cigna Healthcare 4,775 4,451 +7.3%
Individual and Family Plans · Cigna Healthcare 783 935 -16.3%
Medicare Advantage · Cigna Healthcare 0 2,075 -100.0%
Other · Cigna Healthcare 544 1,257 -56.7%
Stop loss · Cigna Healthcare 1,944 1,722 +12.9%
Show Business Segments breakouts
All Other Segments · Operating Segments 61 95 -35.8%
Cigna Healthcare · International Health 1,075 937 +14.7%
Cigna Healthcare · Operating Segments 9,121 11,377 -19.8%
Cigna Healthcare · U.S. Healthcare 8,046 10,440 -22.9%
Show Consolidation Items breakouts
Corporate and Eliminations 106 31 +241.9%
Net Investment Income 339 277 +22.4%
Show Business Segments breakouts
All Other Segments · Operating Segments 76 78 -2.6%
Cigna Healthcare · Operating Segments 205 155 +32.3%
Evernorth Health Services · Operating Segments 51 39 +30.8%
Show Consolidation Items breakouts
Corporate Non Segment 7 5 +40.0%
Revenue 72,472 65,649 +10.4%
Show Business Segments breakouts
All Other Segments · Operating Segments 153 201 -23.9%
Cigna Healthcare · Operating Segments 11,149 13,297 -16.2%
Evernorth Health Services · Operating Segments 63,056 53,744 +17.3%
Show Consolidation Items breakouts
Corporate and Eliminations -1,886 -1,593 -18.4%
Cost of Revenue 57,795 49,021 +17.9%
Show Business Segments breakouts
Evernorth Health Services · Operating Segments 59,700 50,510 +18.2%
Policyholder Benefits And Claims Incurred Net 8,260 10,166 -18.7%
Show Business Segments breakouts
Cigna Healthcare · Operating Segments 8,028 10,001 -19.7%
Selling, General & Administrative 3,609 3,865 -6.6%
Amortization Of Intangible Assets 463 424 +9.2%
Show Business Segments breakouts
Cigna Healthcare · Operating Segments 5 9 -44.4%
Evernorth Health Services · Operating Segments 458 415 +10.4%
Benefits Losses And Expenses 70,127 63,476 +10.5%
Operating Income 2,345 2,173 +7.9%
Other Non-Operating Income (Expense) -362 -362 0.0%
Show Business Segments breakouts
Cigna Healthcare · Operating Segments 3 0
Evernorth Health Services · Operating Segments 0 0
Gain Loss On Sale Of Business -66 130 -150.8%
Net Investment Gain Loss -100 68 -247.1%
Income Before Taxes 1,817 2,009 -9.6%
Show Business Segments breakouts
All Other Segments · Operating Segments -6 -3 -100.0%
Cigna Healthcare · Operating Segments 580 94 +517.0%
Evernorth Health Services · Operating Segments 1,725 2,435 -29.2%
Show Consolidation Items breakouts
Corporate Non Segment -482 -517 +6.8%
Income Tax Expense (Benefit) 543 473 +14.8%
Net Income 1,274 1,536 -17.1%
Net Income Loss Attributable To Noncontrolling Interest 40 112 -64.3%
EPS (Basic) 4.68 5.12 -8.6%
EPS (Diluted) 4.66 5.07 -8.1%
Comprehensive Income 1,227 1,246 -1.5%
Wtd Avg Shares (Diluted) -964 -1,824 +47.1%
Liability For Unpaid Claims And Claims Adjustment Expense Incurred Claims1 (Q)
Show Business Segments breakouts
Cigna Healthcare 8,030 9,999 -19.7%

Balance Sheet

Balance Sheet
Metric Q4 2025 Q4 2024 YoY
Current Assets
Cash & Cash Equivalents 7,676 7,550 +1.7%
Show Consolidated Entities breakouts
Parent Company 118 164 -28.0%
Short-Term Investments 1,056 665 +58.8%
Show Investment Type breakouts
Debt Securities 691
Equity Securities 22
Mortgages 86
Short Term Investments 257
Receivables Net Current 28,768 24,227 +18.7%
Inventory 7,338 6,692 +9.7%
Other Assets Current 2,976 2,732 +8.9%
Show Consolidated Entities breakouts
Parent Company 29 103 -71.8%
Parent Company · Evernorth Health, Inc. 8.5 8.5 0.0%
Total Current Assets 47,814 48,870 -2.2%
Show Consolidated Entities breakouts
Parent Company 147 267 -44.9%
Reinsurance Recoverables Non Current 4,103 4,378 -6.3%
Non-Current Assets
Long Term Investments 18,471 15,128 +22.1%
Show Investment Type breakouts
Debt Securities 7,671
Equity Securities 3,534
Mortgages 1,147
Other Long Term Investments 5,037
Policy Loans 1,082
Goodwill 44,924 44,370 +1.2%
Show Business Segments breakouts
Cigna Healthcare 8,942 8,936 +0.1%
Evernorth Health Services 35,982 35,434 +1.5%
Other Non-Current Assets 2,885 2,786 +3.6%
Show Consolidated Entities breakouts
Parent Company · Nonrelated Party 48 71 -32.4%
Parent Company · Subsidiaries 14,146 10,546 +34.1%
Total Assets 157,919 155,881 +1.3%
Show Consolidated Entities breakouts
Parent Company 75,723 73,771 +2.6%
Show Equity Method Investment Nonconsolidated Investee breakouts
Operating joint ventures 39,547 34,395 +15.0%
Property, Plant & Equipment 3,651
Show Property Plant And Equipment By Type breakouts
Other property and equipment 877
Software And Software Development Costs 2,774
Intangible Assets (Q)
Show Finite Lived Intangible Assets By Major Class breakouts
Customer Relationships 19,969
Other Assets
Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization 3,651 3,654 -0.1%
Intangible Assets Net Excluding Goodwill 28,560 29,417 -2.9%
Show Finite Lived Intangible Assets By Major Class breakouts
Other Intangible Assets 191
Separate Account Asset At Carrying Value 7,511 7,278 +3.2%
Current Liabilities
Insurance And Contractholder Liabilities Current 5,710 5,388 +6.0%
Accounts Payable 10,659 9,294 +14.7%
Debt Current 592 3,035 -80.5%
Show Consolidated Entities breakouts
Parent Company 550 2,848 -80.7%
Total Current Liabilities 56,342 57,979 -2.8%
Show Consolidated Entities breakouts
Parent Company 2,533 4,376 -42.1%
Current Portion of Long-Term Debt (Q)
Show Debt Instrument breakouts
1.250% Notes due March 2026 549
Non-Current Liabilities
Insurance And Contractholder Liabilities Noncurrent 9,938 10,254 -3.1%
Deferred Tax Liabilities 7,145 6,975 +2.4%
Other Non-Current Liabilities 4,238 3,215 +31.8%
Show Consolidated Entities breakouts
Parent Company · Nonrelated Party 75 33 +127.3%
Parent Company · Subsidiaries 1,134 195 +481.5%
Total Liabilities 116,045 114,638 +1.2%
Show Consolidated Entities breakouts
Parent Company 34,010 32,738 +3.9%
Show Equity Method Investment Nonconsolidated Investee breakouts
Operating joint ventures 40,009 33,892 +18.0%
Long-Term Debt (Q)
Show Debt Instrument breakouts
2.375% Notes due March 2031 1,420 1,384 +2.6%
2.400% Notes due March 2030 1,406 1,386 +1.4%
3.050% Notes due October 2027 599 598 +0.2%
3.200% Notes due March 2040 748 744 +0.5%
3.400% Notes due March 2027 1,481 1,466 +1.0%
3.400% Notes due March 2050 1,172 1,237 -5.3%
3.400% Notes due March 2051 1,410 1,479 -4.7%
3.875% Notes due October 2047 990 990 0.0%
4.375% Notes due October 2028 3,792 3,790 +0.1%
4.500% Notes due September 2030 993
4.800% Notes due August 2038 2,194 2,193 0.0%
4.800% Notes due July 2046 1,469 1,469 0.0%
4.875% Notes due September 2032 1,243
4.900% Notes due December 2048 2,972 2,971 0.0%
5.000% Notes due May 2029 996 995 +0.1%
5.125% Notes due May 2031 750 745 +0.7%
5.250% Notes due February 2034 1,250 1,226 +2.0%
5.250% Notes due January 2036 1,488
5.375% Notes due February 2042 315 315 0.0%
5.400% Notes due March 2033 796 795 +0.1%
5.600% Notes due February 2054 1,486 1,482 +0.3%
5.875% Notes due March 2041 119 119 0.0%
6.000% Notes due January 2056 735
6.125% Notes due November 2041 484 485 -0.2%
6.150% Notes due November 2036 190 190 0.0%
7.875% Debentures due May 2027 260 259 +0.4%
Step Down Notes due January 2033 45 45 0.0%
Other Liabilities
Pharmacy And Service Costs Payable 30,333 28,465 +6.6%
Accrued Expenses And Other Liabilities 9,048 9,387 -3.6%
Long Term Debt And Capital Lease Obligations 30,871 28,937 +6.7%
Show Consolidated Entities breakouts
Parent Company 30,268 28,134 +7.6%
Separate Accounts Liability 7,511 7,278 +3.2%
Stockholders' Equity
Common Stock 4 4 0.0%
Show Consolidated Entities breakouts
Parent Company 4 4 0.0%
Additional Paid In Capital Common Stock 31,790 31,288 +1.6%
Show Consolidated Entities breakouts
Parent Company 31,790 31,288 +1.6%
Accumulated Other Comprehensive Income -2,806 -2,341 -19.9%
Show Consolidated Entities breakouts
Parent Company -2,806 -2,341 -19.9%
Show Schedule Of Equity Method Investment Equity Method Investee Name breakouts
Joint venture in China -1,672 -979 -70.8%
Retained Earnings 47,865 43,519 +10.0%
Show Consolidated Entities breakouts
Parent Company 47,865 43,519 +10.0%
Treasury Stock Value -35,140 -31,437 -11.8%
Show Consolidated Entities breakouts
Parent Company -35,140 -31,437 -11.8%
Total Stockholders' Equity 41,713 41,033 +1.7%
Show Consolidated Entities breakouts
Parent Company 41,713 41,033 +1.7%
Minority Interest 161 210 -23.3%
Stockholders Equity Including Portion Attributable To Noncontrolling Interest 41,874 41,243 +1.5%
Show Equity Components breakouts
Accumulated Defined Benefit Plans Adjustment -944 -937 -0.7%
Accumulated Other Comprehensive Income -2,806 -2,341 -19.9%
Accumulated Translation Adjustment -127 -198 +35.9%
Additional Paid In Capital 31,790 31,288 +1.6%
Common Stock 4 4 0.0%
Net long-duration insurance and contractholder liabilities measurement adjustments -2,329 -2,038 -14.3%
Noncontrolling Interest 161 210 -23.3%
Parent 41,713 41,033 +1.7%
Retained Earnings 47,865 43,519 +10.0%
Securities and derivatives 594 832 -28.6%
Treasury Stock Common -35,140 -31,437 -11.8%
Total Liabilities & Equity 157,919 155,881 +1.3%
Show Consolidated Entities breakouts
Parent Company 75,723 73,771 +2.6%

Cash Flow Statement

Cash Flow Statement
Metric YTD Q4 2025 YTD Q4 2024 YoY
Operating Activities
Depreciation & Amortization 722 646 +11.8%
Show Business Segments breakouts
All Other Segments · Operating Segments 3 2 +50.0%
Cigna Healthcare · Operating Segments 87 83 +4.8%
Evernorth Health Services · Operating Segments 628 555 +13.2%
Show Consolidation Items breakouts
Corporate and Eliminations 4 6 -33.3%
Increase Decrease In Deferred Income Taxes 500 256 +95.3%
Increase Decrease In Accounts And Other Receivables 2,281 3,231 -29.4%
Change in Inventory -1,706 -1,609 -6.0%
Increase Decrease In Reinsurance Recoverable -360 -127 -183.5%
Increase Decrease In Insurance Liabilities -415 -377 -10.1%
Increase Decrease In Pharmacy And Service Costs Payable 31 -222 +114.0%
Increase Decrease In Accounts Payable Accrued And Other Operating Liabilities 3,654 1,957 +86.7%
Increase Decrease In Other Operating Capital Net 2 119 -98.3%
Net Cash from Operations 6,149 5,212 +18.0%
Investing Activities
Proceeds From Sale Of Debt And Equity Securities 264 287 -8.0%
Proceeds From Maturities Prepayments And Calls Of Debt And Equity Securities 241 254 -5.1%
Proceeds From Collection Of Loans Receivable 25 109 -77.1%
Proceeds From Sale And Maturity Of Other Investments 228 185 +23.2%
Payments To Acquire Debt And Equity Securities -517 -443 -16.7%
Payments To Acquire Mortgage Notes Receivable 0 0
Payments To Acquire Other Investments -350 -281 -24.6%
Payments For Proceeds From Property Plant And Equipment -322 -337 +4.5%
Payments To Acquire Businesses Net Of Cash Acquired 0 1 -100.0%
Payments To Acquire Equity Method Investments -617 -564 -9.4%
Other Investing Activities -10 77 -113.0%
Net Cash from Investing -420 -191 -119.9%
Financing Activities
Additions To Contract Holders Funds 39 46 -15.2%
Withdrawal From Contract Holders Funds -52 -48 -8.3%
Proceeds From Repayments Of Other Short Term Debt -12 -768 +98.4%
Repayments Of Long Term Debt -2,554 0
Proceeds From Issuance Of Long Term Debt -3 0
Share Repurchases -1,001 -2,022 +50.5%
Proceeds From Issuance Of Common Stock 25 22 +13.6%
Payments Of Dividends Common Stock -396 -384 -3.1%
Proceeds From Payments For Other Financing Activities -112 -94 -19.1%
Net Cash from Financing -4,066 -3,248 -25.2%
Supplemental
Interest Paid 307 305 +0.7%
Income Taxes Paid 43 59 -27.1%
Other Cash Flow
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations 2 -26 +107.7%
Net Change in Cash 1,665 1,747 -4.7%
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations 7,736 8,931 -13.4%
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents 7,736 7,592 +1.9%
Show Consolidated Entities breakouts
Parent Company 139 190 -26.8%

Values in millions USD. Source: SEC EDGAR 10-K filing.

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