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Cigna CI Other Operations — Undiscounted expected future policy benefits

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AFLOther — Liability for Future Policy Benefit, Expected Future Policy Benefit, Undiscounted, before Reinsurance
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RGAInsurance, Other — Liability for Future Policy Benefit, Expected Future Policy Benefit, Undiscounted, before Reinsurance
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KKROther — Expected Future Benefit Payments, Undiscounted
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AFLAccident — Liability for Future Policy Benefit, Expected Future Policy Benefit, Undiscounted, before Reinsurance
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$52.17B-14.8%
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AFLDisability — Liability for Future Policy Benefit, Expected Future Policy Benefit, Undiscounted, before Reinsurance
$3.05B-1.7%

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:LiabilityForFuturePolicyBenefitExpectedFuturePolicyBenefitUndiscountedBeforeReinsurance.

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 — undiscounted expected future policy benefits?
Cigna (CI) reported other operations — undiscounted expected future policy benefits of $4.1B in Q2 2026.
How has Cigna's other operations — undiscounted expected future policy benefits changed year-over-year?
Cigna's other operations — undiscounted expected future policy benefits decreased by 2.4% year-over-year, from $4.2B to $4.1B.
What is the long-term trend for Cigna's other operations — undiscounted expected future policy benefits?
Over 3 years (2022 to 2025), Cigna's other operations — undiscounted expected future policy benefits has grown at a -3.3% compound annual growth rate (CAGR), from $18.7B to $16.9B.
What does other operations — undiscounted expected future policy benefits mean?
This represents the total expected future policy benefit payments without applying a discount rate for the time value of money. It provides a view of the nominal cash flow obligations for the Other Operations segment. This metric is useful for understanding the raw scale of future cash outflows.

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