What is Cigna's short duration contracts — direct?

Cigna (CI) reported short duration contracts — direct of $10.57B in Q4 2023.

How has Cigna's short duration contracts — direct changed year-over-year?

Cigna's short duration contracts — direct increased by 15.0% year-over-year, from $9.19B to $10.57B.

What is the long-term trend for Cigna's short duration contracts — direct?

Over 2 years (2021 to 2023), Cigna's short duration contracts — direct has grown at a 7.6% compound annual growth rate (CAGR), from $36.51B to $42.27B.

What does short duration contracts — direct mean?

The total amount of premiums collected directly from policyholders before accounting for reinsurance.

Discontinued — last reported Q4 '23

Products & Services · Direct

Short Duration Contracts — Direct

Cigna Short Duration Contracts — Direct remained flat by 0.0% to $10.57B in Q4 2023 compared to the prior quarter. Year-over-year, this metric grew by 15.0%, from $9.19B to $10.57B. Over 2 years (FY 2021 to FY 2023), Short Duration Contracts — Direct shows an upward trend with a 7.6% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.

Analysis

StatementSegment

CategoryGrowth

SignalHigher is better

VolatilityStable

First reportedQ1 2016

Last reportedQ4 2023

How to read this metric

An increase suggests growth in the underlying insurance portfolio and market share, while a decrease may indicate competitive pressure or a strategic reduction in underwriting volume.

Detailed definition

Direct premiums represent the total gross premiums written by an insurance entity on policies issued directly to policyh...

Peer comparison

Comparable to 'Gross Written Premiums' reported by other health and property-casualty insurers.

Metric ID: ci_segment_short_duration_contracts_direct

Historical Data

3 years

	FY'21	FY'22	FY'23
Value	$36.51B	$36.75B	$42.27B
YoY Change	—	+0.6%	+15.0%

Range$36.51B – $42.27B

CAGR+7.6%

Avg YoY Growth+7.8%

Median YoY Growth+7.8%

Current Streak2+ years growth

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Frequently Asked Questions

What is Cigna's short duration contracts — direct?: Cigna (CI) reported short duration contracts — direct of $10.57B in Q4 2023.
How has Cigna's short duration contracts — direct changed year-over-year?: Cigna's short duration contracts — direct increased by 15.0% year-over-year, from $9.19B to $10.57B.
What is the long-term trend for Cigna's short duration contracts — direct?: Over 2 years (2021 to 2023), Cigna's short duration contracts — direct has grown at a 7.6% compound annual growth rate (CAGR), from $36.51B to $42.27B.
What does short duration contracts — direct mean?: The total amount of premiums collected directly from policyholders before accounting for reinsurance.