Fundamentals snapshot
CI · NYQ · Healthcare · Healthcare Plans
Current price
$304.37
52-week range
$239.51 - $311.34
Market cap
$80.43B
One-glance verdict
We don't put a cash-flow fair value on banks and insurers. For these companies the reported 'cash flow' is really just money moving between loans, deposits and trades — not the leftover profit the owners could actually pocket — so the usual method would print a misleading number.
Balance sheet
Net debt $24.62B. Interest coverage shows how many times profit covers the interest bill.
What stands out
What this company does
The Cigna Group is a big health insurance company that also provides pharmacy services to help people manage their medications and get the care they need. Most of its money comes from its insurance plans for employers and individuals, and these services are important because they help keep healthcare costs manageable for many people and businesses.
The Cigna Group has a long history, tracing its roots back to 1792. It evolved through various mergers and acquisitions over centuries, eventually becoming the health services and insurance giant it is today. A significant recent change was its rebranding from Cigna Corporation to The Cigna Group in February 2023, signaling a broader focus beyond just traditional insurance. This evolution reflects a strategy to adapt to the changing healthcare landscape and expand its offerings.
The Cigna Group operates primarily in the United States, offering a wide array of insurance and health-related services. Think of it as a company that helps people and employers manage the costs and complexities of healthcare. This includes providing health insurance plans, managing prescription drug benefits, and offering various specialized health services designed to improve overall well-being.
This segment is focused on providing direct health insurance and related benefits to individuals and employers. It offers a range of plans, including medical, dental, and behavioral health coverage, essentially helping people pay for doctor visits, hospital stays, and medications. This part of the business also includes international health solutions for employees of multinational companies, providing them with healthcare benefits wherever they work. Cigna Healthcare is a major part of the company's overall revenue.
Evernorth Health Services acts as a behind-the-scenes partner for other health plans and employers, offering specialized services. A key part of this is pharmacy benefit management (PBM), where Evernorth negotiates drug prices and manages prescription drug benefits for its clients, aiming to make medications more affordable. It also provides specialty pharmacy services for complex and high-cost drugs, along with various clinical programs focused on improving patient health outcomes. This segment represents a significant and growing portion of The Cigna Group's business.
The Cigna Group's current strategy appears to be centered on expanding its integrated health services model. By combining its insurance offerings with its Evernorth health services, the company aims to provide more comprehensive and cost-effective healthcare solutions. This approach focuses on managing the entire healthcare journey for customers, from prescription drugs to medical care, with the goal of improving health outcomes while controlling costs. Management believes this synergy between its two main segments will drive future growth and solidify its position in the evolving healthcare market.
Price history
Earnings history
Click any quarter to read the call summary and what the numbers say.
Is it cheap or expensive?
For a bank or insurer, the "free cash flow" shown on its statements is mostly money flowing through loans, deposits and trades — not the leftover profit the owners could actually keep, which is what this kind of valuation needs. Running that through the usual method would spit out a meaningless number, so we leave the cash-flow fair value out here rather than show you something misleading.
Is it drowning in debt?
Net debt $24.6B. Interest coverage 5.8x.
The Cigna Group's profit covers its interest bill about 5.8 times over. which is stronger than every peer shown here and 1 peers sit below 1x, which is the danger zone where profit does not fully cover the interest bill.
Total debt $31.88B Interest coverage 5.79x This is the baseline the peer rows are being compared against.
Total debt $74.33B Interest coverage 4.74x -18% vs CI Carries about 1.2x less debt cushion than CI.
Total debt $76.31B Interest coverage 3.33x -43% vs CI Carries about 1.7x less debt cushion than CI.
Total debt $31.04B Interest coverage 5.79x -0% vs CI Has roughly the same debt cushion as CI.
Total debt $14.74B Interest coverage 3.46x -40% vs CI Carries about 1.7x less debt cushion than CI.
Total debt $16.10B Interest coverage -0.46x -100% vs CI This peer has almost no interest-payment cushion compared with CI.
What you should know
The numbers
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Valuation
Profitability
Health
Growth
Cash flow
Dividend
Metric explainer
Debt comparison
What you should know