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Cigna CI Other Operations — Future policy benefit, excluding deferred profit 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 ci:LiabilityForFuturePolicyBenefitExcludingDeferredProfitLiability.

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

Future policy benefits include deferred profit liability of $344 million as of June 30, 2026 and $353 million as of June 30, 2025. Future policy benefits excluding deferred profit liability were $2.8 billion as of June 30, 2026 and $2.9 billion as of December 31, 2025, June 30, 2025, and December 31, 2024. Undiscounted expected future policy benefits were $4.1 billion as of June 30, 2026 and $4.2 billion as of June 30, 2025. As of June 30, 2026 and June 30, 2025, $0.8 billion and $0.9 billion, respectively, of the future policy benefit reserve was recoverable through treaties with external reinsurers.

Item 1. Financial Statements (Unaudited)

FAQ

What is Cigna's other operations — future policy benefit, excluding deferred profit liability?
Cigna (CI) reported other operations — future policy benefit, excluding deferred profit liability of $2.8B in Q2 2026.
How has Cigna's other operations — future policy benefit, excluding deferred profit liability changed year-over-year?
Cigna's other operations — future policy benefit, excluding deferred profit liability decreased by 3.4% year-over-year, from $2.9B to $2.8B.
What does other operations — future policy benefit, excluding deferred profit liability mean?
This metric isolates the core actuarial liability for future policy benefits by removing the deferred profit liability component. It provides a cleaner view of the pure insurance obligation without the accounting noise of deferred profit amortization. This is useful for assessing the underlying actuarial risk of the segment.

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