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Cigna CI Other Operations — Future policy benefits reserve, reinsurance recoverables

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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:LiabilityForFuturePolicyBenefitReinsuranceRecoverableAfterAllowance.

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 benefits reserve, reinsurance recoverables?
Cigna (CI) reported other operations — future policy benefits reserve, reinsurance recoverables of $800M in Q2 2026.
How has Cigna's other operations — future policy benefits reserve, reinsurance recoverables changed year-over-year?
Cigna's other operations — future policy benefits reserve, reinsurance recoverables decreased by 11.1% year-over-year, from $900M to $800M.
What does other operations — future policy benefits reserve, reinsurance recoverables mean?
This represents the portion of the future policy benefit liabilities that is covered by reinsurance agreements. It indicates the amount of risk transferred to third-party reinsurers. A higher value suggests more effective risk mitigation through reinsurance.

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