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Cigna CI Cigna Healthcare — Incurred Costs

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Other financials

Income statement

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Revenue$71.7B+6.7%
Gross profit$15.0B+7.6%
Operating income$2.7B+16.0%
Net income$1.7B+1.7%
EPS (diluted)$6.29+10.2%

Balance sheet

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Cash & equivalents$6.3B+45.5%
Total debt$31.9B
Total equity$42.6B+6.0%
Total assets$157.08B+3.6%

Cash flow

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Operating cash flow$1.1B-41.1%

Valuation

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Market cap$71.48B-0.8%
Enterprise value$97.06B
P/E11.5×-1.9×
P/S0.3×0.0×

Profitability

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Gross margin20.6%-3.7pp
Operating margin3.5%+0.1pp
Net margin2.2%+0.1pp
FCF margin5.5%

Returns & leverage

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Return on equity15%+1.8pp
Debt / equity0.7×
Current ratio0.8×+0.1×

Where this comes from

Reported directly by Cigna in its filing.

Tagged under the XBRL concept ci:ShortDurationInsuranceContractsIncurredClaimsAndAllocatedClaimAdjustmentExpenseNetIncludingDisposalGroupIncludingDiscontinuedOperation.

The source filing: Cigna’s 10-K, filed February 26, 2026.

Filed
Feb 26, 2026, 12:08 PM EST
Fiscal year
FY2025
Accession
0001739940-26-000006
Line itemIncurred CostsIncurred CostsIncurred CostsIncurred Costs
(In millions)
2024$$37,179$$36,85388
202533,5304,006
Cumulative incurred costs for the periods presented$$70,383
Cumulative Costs Paid
Incurral Year2024(Unaudited)2025
(In millions)
2024$$32,719$$36,544

Item 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

FAQ

What is Cigna's cigna healthcare — incurred costs?
Cigna (CI) reported cigna healthcare — incurred costs of $70.38B in Q4 2025.
What does cigna healthcare — incurred costs mean?
The total estimated cost of medical services and benefits provided to policyholders during a specific period, regardless of when the payment is actually made. This is a primary driver of the medical loss ratio and reflects the underlying cost of health coverage.

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