What is Cigna's u.s. medical — prior years?

Cigna (CI) reported u.s. medical — prior years of $1.00M in Q3 2021.

What does u.s. medical — prior years mean?

Adjustments to the estimated costs of medical claims that occurred in previous years.

Discontinued — last reported Q3 '21

U.S. Medical — Prior years

Cigna U.S. Medical — Prior years decreased by 75.0% to $1.00M in Q3 2021 compared to the prior quarter. This decline may warrant attention — for this metric, higher values are generally preferred.

Analysis

StatementSegment

CategoryProfitability

SignalHigher is better

VolatilityVolatile

First reportedQ1 2018

Last reportedQ3 2021

How to read this metric

Favorable development (negative values) indicates that previous reserves were conservative; unfavorable development suggests under-reserving in the past.

Detailed definition

Represents the adjustments made to the reserves for medical claims that were incurred in previous fiscal years. This met...

Peer comparison

Comparable to 'Prior Year Reserve Development' reported by all insurance companies to show actuarial accuracy.

Metric ID: ci_segment_integrated_medical_prior_years

Historical Data

2 periods

	Q2 '21	Q3 '21
Value	$4.00M	$1.00M
QoQ Change	—	-75.0%

Range$1.00M – $4.00M

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Frequently Asked Questions

What is Cigna's u.s. medical — prior years?: Cigna (CI) reported u.s. medical — prior years of $1.00M in Q3 2021.
What does u.s. medical — prior years mean?: Adjustments to the estimated costs of medical claims that occurred in previous years.