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Cigna CI Evernorth Health Services — Guarantee liability

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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 us-gaap:LossContingencyAccrualAtCarryingValue.

The source filing: Cigna’s 10-Q, filed July 30, 2026.

Filed
Jul 30, 2026, 12:37 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001739940-26-000065

Financial and performance guarantees. Evernorth Health Services may also provide certain financial and performance guarantees, including a minimum level of discounts a client may receive, generic utilization rates and various service levels. Clients may be entitled to receive compensation if we fail to meet the guarantees. Actual performance is compared to the contractual guarantee for each measure throughout the period, and the Company defers revenue for any estimated payouts within Accrued expenses and other liabilities (current). These estimates are adjusted and paid following the end of the annual guarantee period. Historically, adjustments to original estimates have not been material. This guarantee liability was $1.7 billion as of June 30, 2026 and $1.8 billion as of December 31, 2025.

Item 1. Financial Statements (Unaudited)

FAQ

What is Cigna's evernorth health services — guarantee liability?
Cigna (CI) reported evernorth health services — guarantee liability of $1.7B in Q2 2026.
How has Cigna's evernorth health services — guarantee liability changed year-over-year?
Cigna's evernorth health services — guarantee liability increased by 21.4% year-over-year, from $1.4B to $1.7B.
What does evernorth health services — guarantee liability mean?
This metric represents the estimated financial obligations arising from contractual performance guarantees provided to clients within the pharmacy benefit management and health services segment. These liabilities reflect potential rebates, service level agreements, or cost-containment targets that the company has committed to achieving for its plan sponsors and employer clients. It serves as a measure of the contingent financial risk associated with the company's service-level commitments in the pharmacy benefits space.

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