Cigna Group (NYSE: CI)
Healthcare Plans ยท Bloomfield, CT, United States ยท Founded 1982
- Market capitalization: $85.0 billion
- Annual revenue: $274.9 billion
- Net income: $5.96 billion
- Employees: 72,000
- Sector: Healthcare
- Headquarters: Bloomfield, United States
- Founded: 1982
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The Cigna Group is a major health services company with about $195 billion in annual revenue, driven primarily by Evernorth (its health services platform) and Cigna Healthcare (insurance). Evernorth includes Express Scripts, one of the three largest PBMs in the U.S., processing over 1.4 billion prescriptions annually. Cigna Healthcare covers about 20 million medical members. The company sold its life insurance businesses in Asia and Turkey to focus on U.S. health services.
Evernorth Health Services (PBM, specialty pharmacy, care delivery, data analytics) generates the majority of revenue and is the strategic growth engine. Cigna Healthcare (employer-sponsored insurance, Medicare, individual) provides the insurance base. The PBM business earns spread on drug pricing and administrative fees. Cigna has been positioning itself as a health services company rather than a traditional insurer.
Cigna's roots go back to the Insurance Company of North America, founded in 1792 โ one of the oldest insurance companies in the U.S. The modern Cigna was formed through the 1982 merger of Connecticut General and INA. The $67 billion acquisition of Express Scripts in 2018 was transformative, making Cigna a health services giant. The company explored merging with Humana in 2023 but walked away, opting for a $10 billion share buyback instead.
| Market Capitalization | $85.0B |
| Annual Revenue | $274.9B |
| Net Income | $5.96B |
| Profit Margin | 2% |
| Revenue per Employee | $3818056K |
| Stock Exchange | NYSE |
| Ticker Symbol | CI |
Financial data is approximate and based on most recent annual filings.
Express Scripts processes so many prescriptions that a disruption to its systems could affect drug access for tens of millions of Americans. The failed Humana merger would have created the largest health insurer in the U.S. โ Cigna pivoted to buybacks within days of the deal falling apart. Cigna's Evernorth Vitality program uses behavioral economics to incentivize healthy behaviors โ members can earn rewards for exercise, preventive care, and health screenings.
Cigna's Evernorth-first strategy is smart โ health services carry better growth and margins than insurance. But PBM reform is a bipartisan target, and Express Scripts' business model could face structural changes. The buyback pivot after the Humana miss was the right call.
What is Cigna Group's revenue?
Cigna Group generates approximately $274.9 billion in annual revenue.
How many employees does Cigna Group have?
Cigna Group employs approximately 72,000 people worldwide.
What is Cigna Group's market cap?
Cigna Group (CI) has a market capitalization of approximately $85.0 billion on the NYSE.
When was Cigna Group founded?
Cigna Group was founded in 1982 and is headquartered in Bloomfield, CT, United States.
Who is the CEO of Cigna Group?
David Cordani is the current CEO of Cigna Group.
What is Cigna Group's website?
Cigna Group's official website is thecignagroup.com.
| CEO | David Cordani |
| Sector | Healthcare |
| Industry | Healthcare Plans |
| Founded | 1982 |
| HQ | Bloomfield, CT |
| Country | United States |
| Website | thecignagroup.com |