“Financial Summary Three Months Ended June 30, Change Six Months Ended June 30, Change (In millions) 2026 2025 2026 2025 Pre-tax adjusted loss from operations $ (410) $ (382) 7 % $ (814) $ (793) 3 % Three and Six Months Ended June 30, 2026 versus Three and Six…”10-Q · Jul 30, 2026 ↗
The Cigna Group
CI
Market read
The Cigna Group's current read is isolated; its market group is not confirming.
The latest filing evidence is available. 0 of 1 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 5 directly disclosed connections are confirming.
- Revenue increased 4.6% versus the comparable filing period.
- Pre-tax adjusted loss from operations widened for the quarter and half, primarily attributed to higher interest expense; monitor reported loss and interest expense mention.
Invalidation: The isolated read changes if CI's group or a disclosed connection begins moving with it.
Research brief
The story so far
The latest filing evidence is available. 0 of 1 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 5 directly disclosed connections are confirming.
- Revenue increased 4.6% versus the comparable filing period.
- Net income increased 25.0% versus the comparable filing period.
No thresholded adverse filing evidence is available yet.
- Pre-tax adjusted loss from operations widened for the quarter and half, primarily attributed to higher interest expense; monitor reported loss and interest expense mention.
Company research
Understand the business, not just the ticker
Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.
- Which operating variable is changing?
- Is that change durable, cyclical or one-off?
- What evidence would disprove the current interpretation?
- Latest annual revenue changed +11.2% year over year.
- Restructuring and cost reductions has repeated favorable evidence across 3 filings.
- Credit and interest rates has repeated adverse evidence across 5 filings.
- P/E is 64% below the available filing-peer median; determine whether growth and quality justify the difference.
- EV/sales is 52% below the available filing-peer median; determine whether growth and quality justify the difference.
Price as of Sep 11, 2026
280.76Reported annual revenue and per-share history. This is accounting history, not a forecast.
What management says matters
Persistent and emerging business drivers
“The effective tax rate decreased, primarily driven by the absence of a valuation allowance related to the impairment of equity securities recorded in 2024 (-1100 bps) and benefits related to the HCSC transaction (-400 bps), partially offset by an increased va…”10-K · Feb 26, 2026 ↗
“Operating cash flows decreased for the three months ended March 31, 2026, primarily due to the unfavorable net cash flow impact related to the Inflation Reduction Act, lower insurance liabilities, and the timing of pharmaceutical manufacturer receivables.”10-Q · Apr 30, 2026 ↗
Valuation discipline
Descriptive valuation snapshot
Price/sales 0.3× · EV/sales 0.2×. Comparisons use only industry-matched filing peers.
Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.
Price action
How the market is pricing the story
Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 11 Sept, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.
Developments
No sourced recent-development timeline yet
Jodie has not returned a relevant primary source or news item for CI. This is an evidence-coverage gap, not a conclusion that nothing material happened.
Business and financial condition
Reported financial figures are not available yet
Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.
Latest filing assessment · baseline
Fundamentals strengthened in the latest filing
10-Q filed 2026-04-30 against the comparable filing from 2025-05-02.
What improved
- Revenue increased 4.6% versus the comparable filing period.
- Net income increased 25.0% versus the comparable filing period.
What weakened
No thresholded deterioration was identified.
Filing receipts
“35 The SG&A expense ratio increased 60 bps, primarily due to the impact of the HCSC transaction (+170 bps), partially offset by expense management efficiencies (-70 bps) and revenue growth outpacing volume-related expenses within the ongoing businesses (-60 bps).”
“Operating cash flows decreased for the three months ended March 31, 2026, primarily due to the unfavorable net cash flow impact related to the Inflation Reduction Act, lower insurance liabilities, and the timing of pharmaceutical manufacturer receivables.”
“Financial Summary Three Months Ended March 31, Change (In millions) 2026 2025 Pre-tax adjusted loss from operations $ (404) $ (411) (2) % Three Months Ended March 31, 2026 versus Three Months Ended March 31, 2025 Pre-tax adjusted loss from operations decreased, primarily due to lower interest expense.”
Retrospective baseline calibration. It was generated after the filing date and is not part of Jodie's live track record.
Business ecosystem
The relationships behind CI
Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.
Depends on
CNCCentene CorporationpartnerFeb 26, 2026 ▾
“Evernorth Health Services has three clients that each drive significant revenues for the segment: • Express Scripts and Centene Corporation ("Centene") have a multiyear agreement, which began January 1, 2024, to manage pharmacy benefit services for Centene's…”
Depended on by
ALHCAlignment Healthcare, Inc.competitorFeb 27, 2026 ▾
“Many of the other companies currently providing health insurance coverage and healthcare services, particularly national insurers such as United Health, Aetna, Humana and Cigna, have been in business longer and/or have substantially more resources than we do.”
Filing peers
Companies whose filings use similar operating language.
Open the three relationships above to see Jodie’s filing proof. Pro unlocks 6 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →
What is moving around it
Live connections
CI is currently a Leader in the organic co-movement group Healthcare Plans. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 2 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.
This group is retained as the last observed read for CI; it is not active in the latest market snapshot.
Context history
Theme membership history
No durable theme membership has been observed for this name yet.