Cigna Insurance Financial Performances from Time to TimeCigna Insurance Financial Performances from Time to Time

Cigna Insurance Financial Performances from Time to Time– According to Annual Report from 2010 to 2022, Cigna Insurance and healthcare from Cigna Group has shown good performance. The Cigna Group is one of the biggest health companies From United States of America (USA) that has headquarter in Bloomfield, Connecticut. Historically, Cigna Group was formed in 1982 through the merger between the Connecticut General Life Insurance Company (CG) and INA Corporation.

Cigna Insurance Financial Performances from Time to Time-2

To date, this company has more than 70,000 employees around the world. Along with business development, Cigna Group has 189 million customer relationships, more than 300,000 mental and behavioral health care providers, 2.2 million relationships with health care providers, clinics, and facilities.

Commonly, in providing the insurance services, Cigna Group has two growth platforms, namely Evernorth Health Services and Cigna Healthcare. Evernorth Health Services creates pharmacy, care, and benefits solutions that improve health and increase vitality. Some of products and services of Evernorth are Pharmacy Benefits, Home Delivery Pharmacy (Express Scripts Pharmacy), Specialty Pharmacy (Accredo, Freedom Fertility Pharmacy, Therapeutic Resource Center), Distribution (CuraScript SD), Care Delivery and Management Solutions ((Evernorth Care Group, Evernorth Care, Services, Evernorth Care Solutions, Evernorth Direct Health, Evernorth Home-Based Care, eviCore Healthcare, and others). Financially, in 2022, based on Annual Report, Evernorth Health Services reported adjusted revenues of $140.3 billion and pre-tax adjusted income from operations of $6.1 billion.

Cigna Insurance Financial Performances from Time to Time-Cigna Group Achievement in 2022

Meanwhile, Cigna Healthcare is the health benefits provider that advocates for better health through every stage of life through give medical and solutions to U.S. Commercial Medical, U.S. Government Medical, and Specialty Products and Services. Some of the brands of Cigna Healthcare are Cigna Healthcare, Cigna Global Individual Health, Cigna Global, Health Benefits, Express Scripts, Cigna Dental Care, Manipal Cigna, and CignaCMB. Financially, in 2022, Cigna Healthcare reported adjusted revenues of $45.0 billion and pre-tax adjusted income from operations of $4.1 billion.

As one of the health companies, Cigna Group has some Cigna insurance products especially medical insurance products to employers, groups, and individuals.  The insurance premium of Cigna Group has increased from time to time. It can be seen in the Insurance premium performance from 2010 to 2022.  All the data was obtained from Annual Report of Cigna Group.

Cigna Insurance premiums from 2008 to 2022

YearsInsurance premiums
(In millions USD)
2022$ 39,915
2021$ 41,154
2020$ 42,627
2019$ 39,714
2018$ 36,113
2017$ 32,491
2016$ 30,824
2015$ 29,642
2014$ 27,214
2013$ 25,575
2012$ 23,017
2011$ 18,966
2010$ 18,274
2009$ 16,041
2008$ 16,253
Source: Cigna Group Annual Report, 2010-2022

The insurance business of Cigna Group has gradually increased from time to time. The data came from Annual Report from 2010 to 2022. Based on the performance in 2008, the insurance premium of Cigna Group around $ 16,253 million. In 2022, after more than 10 years, the insurance premiums of Cigna Group have grown into $ 39,915 million. 

The Revenue and Net Income of Cigna Group

YearsRevenueNet Income
(In millions USD)(In millions USD)
2022$ 180,516 $ 6,746
2021$ 174,078 $ 5,415
2020$ 160,401 $ 8,489
2019$ 153,566 $ 5,120
2018$ 48,650 $ 2,646
2017$ 41,806 $ 2,232
2016$ 39,838$ 1,843
2015$ 37,876 $ 2,077
2014$ 34,914$ 2,094
2013$ 32,380 $ 1,478
2012$ 29,119$ 1,624
2011$ 21,865 $ 1,261
2010$ 21,128$ 1,283
Source: Cigna Group Annual Report, 2010-2022

As a holding company, Cigna Group has shown the growth performance from time to time. The revenue and net income showed the increasing trend. Based on annual Report, the revenue of Cigna Group was around $ 21,128 million with net income around $ 1,283 million. Meanwhile in 2022, the revenue of Cigna group has become $ 180,516 million with net income around $ 6,746 million.  

The Assets and Liabilities of Cigna Group

YearsAssetsLiabilities
(In millions USD)(In millions USD)
2022$ 143,932 $ 98,981
2021$ 154,889$ 107,705
2020$ 155,451 $ 105,065
2019$ 155,774 $ 110,395
2018$ 153,226 $ 112,154
2017$ 61,759$ 47,999
2016$ 59,360 $ 45,575
2015$ 57,088$ 44,975
2014$ 55,896 $ 45,017
2013$ 54,336$ 43,659
2012$ 53,734 $ 43,851
2011$ 50,697$ 42,703
2010$ 45,682$ 39,019
Source: Cigna Group Annual Report, 2010-2022

The financial condition of Cigna Group also in decent shape. It shown positive conditions according to Cigna Group Annual Report from 2010 to 2022. The Assets of Cigna Group also shown the increasing conditions from time to time. in 2010, The assets of Cigna Group were $ 45,682 million with Liabilities around $ 39,019 million. After more than 12 years, exactly in 2022, the assets have become around $ 143,932 million with Liabilities around $ 98,981 million.  

Bibliography of Cigna Insurance Financial Performances from Time to Time

The Cigna Group. 2023. Cigna Annual Report 2010-202. Accessed via https://investors.thecignagroup.com/overview/default.aspx on July 24th, 2023.



Cigna Insurance Financial Performances from Time to Time- Cigna Group Insurance Premiums


Cigna Insurance Financial Performances from Time to Time- Cigna revenue and Net Income


Cigna Insurance Financial Performances from Time to Time- Cigna Group Assets and Liabilities Conditions

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