The Cigna Group - Company Profile
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Business Description
The Cigna Group (Cigna) provides health plans and related benefits such as supplemental health, life and accident insurance products, workers’ compensation, case management and related services. Its major services include commercial medical health plans, government health plans, and specialty products and services in the areas of medical, behavioral, pharmacy management, dental, and vision.
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Business Segments
Overview
Offers core health insurance products and services. It consists of U.S. Healthcare and International Health segments. U.S. Healthcare offers individual health insurance plans, medicare advantage, medicare supplement, and medicare part D plans for seniors, commercial medical plans, and specialty benefits and solutions for clients who are insured or self-insured. International Health offers medical services for overseas markets in addition to health benefits for people who travel extensively and workers for multinational corporations.
Performance
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Overview
Includes a range of standalone and integrated health solutions and services to improve the efficiency of the healthcare system and assisting individuals in leading longer, healthier lives. It collaborates with health plans, employers, governments, and healthcare providers to address the issues related to prescription benefits, home delivery pharmacies, specialty pharmacies, specialty distribution, and care delivery.
Performance
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Overview
Includes ongoing business, exiting businesses and run-off businesses. Ongoing business include Corporate-Owned Life Insurance (COLI) that provides permanent insurance contracts sold to corporations that offers coverage for certain employees for financing employer-paid future benefit obligations. Run-off businesses: It includes variable annuity reinsurance business, Settlement Annuity business in run-off as well as Individual Life Insurance and Annuity and Retirement Benefits Businesses. Exited business includes supplemental benefits and international life accident business sold in FY2022.
Performance
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Geographical Segments
Performance
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Performance
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