Segment Information (Tables)

6 Months Ended

Jun. 30, 2025

The following table presents the special items charges (benefits) recorded by the Company, as well as the respective financial statement line items impacted:


	Three Months Ended June 30,								Six Months Ended June 30,
	2025				2024				2025				2024
(In millions)	Pre-tax		After-tax		Pre-tax		After-tax		Pre-tax		After-tax		Pre-tax		After-tax
Strategic optimization program (largely Selling, general and administrative expenses)	129		98		—		—		344		261		—		—
Integration and transaction-related costs (Selling, general and administrative expenses)	$	74	$	56	$	63	$	47	$	290	$	220	$	100	$	76
(Gain) loss on sale of businesses	—		—		—		—		(41)		(115)		19		(43)
Deferred tax expenses, net (Income taxes, less amount attributable to noncontrolling interests)	—		17		—		17		—		34		—		34




Total impact from special items	$	203	$	171	$	63	$	64	$	593	$	400	$	119	$	67

Summarized Segment Financial Information

Summarized segment financial information was as follows:


(In millions)	Evernorth Health Services		Cigna Healthcare		Other Operations		Corporate and Eliminations		Total
Three months ended June 30, 2025
Revenues from external customers	$	57,486	$	9,358	$	98	$	—	$	66,942
Intersegment revenues	308		1,313		13		(1,634)
Net investment income	31		127		73		5		236
Total revenues	57,825		10,798		184		(1,629)		67,178
Net investment results from certain equity method investments	—		(44)		—		—		(44)

Adjusted revenues	$	57,825	$	10,754	$	184	$	(1,629)	$	67,134
Pharmacy and other service costs	54,939		—
Medical costs	—		7,482
Selling, general and administrative expenses excluding special items	1,074		2,180
Other segment items (1)
Interest (expense) and other	1		2
Less income attributable to noncontrolling interests	117		—
Pre-tax adjusted income (loss) from operations	1,696		1,094		25		(382)		2,433

Income (loss) before income taxes	$	1,430	$	1,098	$	(20)	$	(487)	$	2,021
Pre-tax adjustments to reconcile to adjusted income from operations
(Income) attributable to noncontrolling interests	(117)		—		—		—		(117)
Net investment (gains) losses (2)	(80)		(20)		4		—		(96)
Amortization of acquired intangible assets	416		6		—		—		422
Special items
Strategic optimization program	47		10		41		31		129
Integration and transaction-related costs	—		—		—		74		74






Pre-tax adjusted income (loss) from operations	$	1,696	$	1,094	$	25	$	(382)	$	2,433

Other segment information
Depreciation and amortization	587		81		9		5		682

(1) Other segment items represent the difference between segment adjusted revenues less significant segment expenses and pre-tax adjusted income (loss) from operations, and they do not represent significant segment items relative to the CODM's review and oversight.

(2) Includes Net investment gains/losses as presented in our Consolidated Statements of Income, as well as the Company's share of certain investment results of its joint ventures reported in the Cigna Healthcare segment using the equity method of accounting, which are presented within Fees and other revenues in our Consolidated Statements of Income.


(In millions)	Evernorth Health Services		Cigna Healthcare		Other Operations		Corporate and Eliminations		Total
Three months ended June 30, 2024
Revenues from external customers	$	48,251	$	11,821	$	130	$	—	$	60,202
Intersegment revenues	1,232		1,203		20		(2,455)
Net investment income	65		172		77		7		321
Total revenues	49,548		13,196		227		(2,448)		60,523
Net investment results from certain equity method investments	—		(53)		—		—		(53)


Adjusted revenues	$	49,548	$	13,143	$	227	$	(2,448)	$	60,470
Pharmacy and other service costs	46,852		—
Medical costs	—		9,312
Selling, general and administrative expenses excluding special items	980		2,629
Other segment items (1)
Interest (expense) and other	(2)		2
Less income attributable to noncontrolling interests	95		—
Pre-tax adjusted income (loss) from operations	$	1,619	$	1,204	$	(16)	$	(435)	$	2,372

Income (loss) before income taxes	$	1,299	$	1,205	$	(17)	$	(498)	$	1,989
Pre-tax adjustments to reconcile to adjusted income from operations
(Income) attributable to noncontrolling interests	(95)		—		—		—		(95)
Net investment (gains) losses (2)	(1)		(5)		1		—		(5)
Amortization of acquired intangible assets	416		4		—		—		420
Special items
Integration and transaction-related costs	—		—		—		63		63







Pre-tax adjusted income (loss) from operations	$	1,619	$	1,204	$	(16)	$	(435)	$	2,372

Other segment information
Depreciation and amortization	$	614	$	113	$	2	$	9	$	738


(In millions)	Evernorth Health Services		Cigna Healthcare		Other Operations		Corporate and Eliminations		Total
Six months ended June 30, 2025
Revenues from external customers	$	109,488	$	22,526	$	192	$	—	$	132,206
Intersegment revenues	1,956		2,544		25		(4,525)
Net investment income	62		260		142		10		474
Total revenues	111,506		25,330		359		(4,515)		132,680
Net investment results from certain equity method investments	—		(94)		—		—		(94)


Adjusted revenues	$	111,506	$	25,236	$	359	$	(4,515)	$	132,586
Pharmacy and other service costs	106,060		—
Medical costs	—		17,867
Selling, general and administrative expenses	2,098		4,992
Other segment items (1)
Interest (expense) and other	1		4
Less: Income attributable to noncontrolling interests	219		—
Pre-tax adjusted income (loss) from operations	3,130		2,381		25		(793)		4,743

Income (loss) before income taxes	$	2,538	$	2,462	$	(40)	$	(1,291)	$	3,669
Pre-tax adjustments to reconcile to adjusted income from operations
(Income) attributable to noncontrolling interests	(219)		—		—		—		(219)
Net investment (gains) losses (2)	(84)		(67)		7		—		(144)
Amortization of acquired intangible assets	831		13		—		—		844
Special items
Integration and transaction-related costs	—		—		—		290		290
Strategic optimization program	68		10		58		208		344

(Gain) on sale of businesses	(4)		(37)		—		—		(41)




Pre-tax adjusted income (loss) from operations	$	3,130	$	2,381	$	25	$	(793)	$	4,743

Other segment information
Depreciation and amortization	$	1,171	$	164	$	11	$	10	$	1,356

(1)Other segment items represent the difference between segment adjusted revenues less significant segment expenses and pre-tax adjusted income (loss) from operations, and they do not represent significant segment items relative to the CODM's review and oversight.

(2)Includes Net investment gains/losses as presented in our Consolidated Statements of Income, as well as the Company's share of certain investment results of its joint ventures reported in the Cigna Healthcare segment using the equity method of accounting, which are presented within Fees and other revenues in our Consolidated Statements of Income.


(In millions)	Evernorth Health Services		Cigna Healthcare		Other Operations		Corporate and Eliminations		Total
Six months ended June 30, 2024
Revenues from external customers	$	93,137	$	23,833	$	196	$	1	$	117,167
Intersegment revenues	2,513		2,327		45		(4,885)
Net investment income	124		321		152		14		611
Total revenues	95,774		26,481		393		(4,870)		117,778
Net investment results from certain equity method investments	—		(61)		—		—		(61)

Adjusted revenues	$	95,774	$	26,420	$	393	$	(4,870)	$	117,717
Pharmacy and other service costs	90,690		—
Medical costs	—		18,531
Selling, general and administrative expenses	1,931		5,349
Other segment items (1)
Interest (expense) and other	(2)		4
Less: income attributable to noncontrolling interests	172		—
Pre-tax adjusted income (loss) from operations	2,979		2,544		2		(844)		4,681

Income (loss) before income taxes	$	863	$	2,148	$	1	$	(944)	$	2,068
Pre-tax adjustments to reconcile to adjusted income from operations
(Income) attributable to noncontrolling interests	(172)		—		—		—		(172)
Net investment losses (2)	1,455		367		1		—		1,823
Amortization of acquired intangible assets	833		10		—		—		843
Special items
Integration and transaction-related costs	—		—		—		100		100


Loss on sale of businesses	—		19		—		—		19




Pre-tax adjusted income (loss) from operations	$	2,979	$	2,544	$	2	$	(844)	$	4,681

Other segment information
Depreciation and amortization	$	1,220	$	237	$	3	$	19	$	1,479

(1)Other segment items represent the difference between segment adjusted revenues less significant segment expenses and pre-tax adjusted income (loss) from operations, and they do not represent significant segment items relative to the CODM's review and oversight.

(2)Includes Net investment gains/losses as presented in our Consolidated Statements of Income, as well as the Company's share of certain investment results of its joint ventures reported in the Cigna Healthcare segment using the equity method of accounting, which are presented within Fees and other revenues in our Consolidated Statements of Income.

Revenue from External Customers

Revenue from external customers includes Pharmacy revenues, Premiums and Fees and other revenues. The following table presents these revenues by product, premium and service type:


	Three Months Ended June 30,				Six Months Ended June 30,
(In millions)	2025		2024		2025		2024
Products (Pharmacy revenues) (ASC 606)
Network revenues	$	30,582	$	25,276	$	58,794	$	49,442
Home delivery and specialty revenues	19,974		18,017		38,911		34,475
Other revenues	3,433		2,897		6,510		5,443
Total Evernorth Health Services	53,989		46,190		104,215		89,360
Other Operations	14		16		27		33
Corporate and eliminations	(354)		(1,105)		(1,960)		(2,256)
Total Pharmacy revenues	53,649		45,101		102,282		87,137
Insurance premiums (ASC 944)
Cigna Healthcare
U.S. Healthcare
Employer insured	4,684		4,350		9,372		8,743
Medicare Advantage	—		2,207		2,363		4,494
Stop loss	1,879		1,665		3,747		3,333
Individual and Family Plans	941		975		1,800		2,015
Other	462		1,220		2,334		2,478
U.S. Healthcare	7,966		10,417		19,616		21,063
International Health	1,026		891		2,004		1,776
Total Cigna Healthcare	8,992		11,308		21,620		22,839
Other Operations	78		115		159		163
Corporate and eliminations	86		31		113		55
Total Premiums	9,156		11,454		21,892		23,057
Services (Fees) (ASC 606) and Other revenues (1)
Evernorth Health Services	3,805		3,293		7,229		6,290
Cigna Healthcare	1,679		1,716		3,450		3,321
Other Operations	19		19		31		45
Corporate and eliminations	(1,366)		(1,381)		(2,678)		(2,683)
Total Fees and other revenues (1)	4,137		3,647		8,032		6,973
Total revenues from external customers	$	66,942	$	60,202	$	132,206	$	117,167

(1)Other revenues for the three months ended June 30, 2025 and 2024 were $114 million and $152 million, respectively, and for the six months ended June 30, 2025 and 2024 were $276 million and $242 million, respectively.