What is Cigna's variable annuity — net amount at risk?

Cigna (CI) reported variable annuity — net amount at risk of $1.19B in Q1 2026.

How has Cigna's variable annuity — net amount at risk changed year-over-year?

Cigna's variable annuity — net amount at risk decreased by 15.4% year-over-year, from $1.41B to $1.19B.

What is the long-term trend for Cigna's variable annuity — net amount at risk?

Over 4 years (2021 to 2025), Cigna's variable annuity — net amount at risk has grown at a -4.2% compound annual growth rate (CAGR), from $5.83B to $4.90B.

What does variable annuity — net amount at risk mean?

The total potential financial liability the company would face if all variable annuity guarantees were exercised today.

Products & Services · Net amount at risk

Variable Annuity — Net amount at risk

Cigna Variable Annuity — Net amount at risk increased by 7.1% to $1.19B in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 15.4%, from $1.41B to $1.19B. Over 4 years (FY 2021 to FY 2025), Variable Annuity — Net amount at risk shows a downward trend with a -4.2% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.

Analysis

StatementSegment

CategoryRisk

SignalLower is better

VolatilityModerate

First reportedQ4 2017

Last reportedQ1 2026

How to read this metric

An increase indicates higher potential liability and market risk exposure, while a decrease suggests reduced risk or improved market performance of underlying assets.

Detailed definition

This metric represents the excess of the guaranteed death benefit or other guaranteed benefits over the current account...

Peer comparison

Commonly reported by life and annuity insurers as 'Net Amount at Risk' or 'NAR' for variable annuity guarantees.

Metric ID: ci_segment_variable_annuity_net_amount_at_risk

Historical Data

20 periods

	Q2 '21	Q3 '21	Q4 '21	Q1 '22	Q2 '22	Q3 '22	Q4 '22	Q1 '23	Q2 '23	Q3 '23	Q4 '23	Q1 '24	Q2 '24	Q3 '24	Q4 '24	Q1 '25	Q2 '25	Q3 '25	Q4 '25	Q1 '26
Value	$1.45B	$1.47B	$1.39B	$1.51B	$2.26B	$2.47B	$2.11B	$2.18B	$1.87B	$1.99B	$1.61B	$1.44B	$1.39B	$1.36B	$1.28B	$1.41B	$1.24B	$1.14B	$1.12B	$1.19B
QoQ Change	—	+1.2%	-5.1%	+8.3%	+50.1%	+9.1%	-14.4%	+3.3%	-14.3%	+6.1%	-19.0%	-10.4%	-3.5%	-2.2%	-5.7%	+10.1%	-12.5%	-7.7%	-2.3%	+7.1%
YoY Change	—	—	—	—	+56.1%	+68.4%	+51.9%	+44.8%	-17.4%	-19.6%	-23.9%	-34.0%	-25.7%	-31.5%	-20.3%	-2.0%	-11.1%	-16.2%	-13.1%	-15.4%

Range$1.12B – $2.47B

CAGR-4.0%

Avg YoY Growth-0.6%

Median YoY Growth-15.8%

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Frequently Asked Questions

What is Cigna's variable annuity — net amount at risk?: Cigna (CI) reported variable annuity — net amount at risk of $1.19B in Q1 2026.
How has Cigna's variable annuity — net amount at risk changed year-over-year?: Cigna's variable annuity — net amount at risk decreased by 15.4% year-over-year, from $1.41B to $1.19B.
What is the long-term trend for Cigna's variable annuity — net amount at risk?: Over 4 years (2021 to 2025), Cigna's variable annuity — net amount at risk has grown at a -4.2% compound annual growth rate (CAGR), from $5.83B to $4.90B.
What does variable annuity — net amount at risk mean?: The total potential financial liability the company would face if all variable annuity guarantees were exercised today.