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Cigna CI Long Duration Contracts — Premiums

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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:PremiumsEarnedNet.

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

Net short-duration contract premiums (direct, assumed and ceded) were $39.3 billion, $43.9 billion and $42.3 billion for the years ended December 31, 2025, 2024 and 2023, respectively. Net long-duration contract premiums (direct, assumed and ceded) were $1.0 billion, $2.0 billion and $1.9 billion for the years ended December 31, 2025, 2024 and 2023, respectively. Reinsurance recoveries of $671 million, $573 million and $456 million as of December 31, 2025, 2024 and 2023, respectively, have been netted against Medical costs and other benefit expenses in the Company’s Consolidated Statements of Income.

Item 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

FAQ

What is Cigna's long duration contracts — premiums?
Cigna (CI) reported long duration contracts — premiums of $250M in Q4 2025.
How has Cigna's long duration contracts — premiums changed year-over-year?
Cigna's long duration contracts — premiums decreased by 50.0% year-over-year, from $500M to $250M.
What is the long-term trend for Cigna's long duration contracts — premiums?
Over 4 years (2021 to 2025), Cigna's long duration contracts — premiums has grown at a -31.2% compound annual growth rate (CAGR), from $4.45B to $1B.
What does long duration contracts — premiums mean?
This metric represents the total revenue generated from insurance contracts, such as life and disability coverage, that are expected to remain in force for an extended period, typically exceeding one year. It reflects the company's ability to underwrite and maintain long-term risk-based products within its portfolio. This revenue stream is a critical indicator of the stability and scale of the company's long-term insurance business segment.

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