Company: CI
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0001739940-25-000028
Chunk: 48

Company: Cigna Group
Filing Date: 2025-07-31
Form: 10-Q
Item: Part II, Item 4
Chunk 48
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ability improvements" or "affordability services"). Through these affordability improvements, we seek to improve the effectiveness of our combined and standalone solutions for our clients by continuously innovating, improving affordability and implementing drug purchasing contract initiatives. Our continued affordability improvements further reduce drug costs for our customers and clients, and we share in the value delivered, which generally results in a favorable impact on our income from operations.

Key factors that impact Specialty and Care Services:

•Customer and client growth, both organic and new business, in our Specialty and Care Services business generally results in increased revenues and income from operations. This includes client movement in our specialty, specialty distribution services, virtual care, physical primary care, benefits management and behavioral health services as we expand our businesses and build upon our cross-enterprise leverage.

Results of Operations

Financial SummaryThree Months EndedJune 30,Six Months EndedJune 30,(Dollars in millions)20252024Change20252024ChangeAdjusted revenues (1)$57,825 $49,548 17%$111,506 $95,774 16 %Pre-tax adjusted income from operations (1)$1,696 $1,619 5%$3,130 $2,979 5 %Pre-tax margin (1)(2)2.9 %3.3 %(40)bps2.8 %3.1 %(30)bpsSG&A expense ratio (3)1.9 %2.0 %(10)bps1.9 %2.0 %(10)bps

(1)See Note 17 to the Consolidated Financial Statements for reconciliation of adjusted revenues and pre-tax adjusted income from operations to Total revenues and Income before income taxes, respectively. 

(2)Pre-tax margin is calculated as pre-tax adjusted income from operations divided by adjusted revenues.

(3)SG&A expense ratio is calculated as segment selling, general and administrative expenses divided by adjusted revenues. See Note 17 to the Consolidated Financial Statements for further details.

In this selected financial information, we present adjusted revenues and pre-tax income from operations by our two operating segments, Pharmacy Benefit Services and Specialty and Care Services. 

Selected Financial InformationThree Months EndedJune 30,ChangeSix Months EndedJune 30,Change(Dollars and adjusted scripts in millions)2025202420252024Total adjusted revenuesPharmacy Benefit Services$31,954 $26,630 20 %$61,696 $52,737 17 %