Company: CI
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0001739940-25-000009
Chunk: 638

Company: Cigna Group
Filing Date: 2025-02-27
Form: 10-K
Item: Item 7
Chunk 638
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 for sale in our Consolidated Balance Sheets as of December 31, 2024 and December 31, 2023. 

68

The Company measured the assets and liabilities of the Disposal Group at estimated fair value less costs to sell based on an estimated $4.7 billion purchase price as of December 31, 2024 and initial $3.3 billion purchase price as of December 31, 2023 and recognized within Net gain (loss) on sale of businesses in the Consolidated Statements of Income an estimated loss of $472 million pre-tax ($363 million after-tax) for the year ended December 31, 2024 and $1.5 billion pre-tax ($1.4 billion after-tax) for the year ended December 31, 2023. The estimated loss on sale for both periods primarily represents goodwill impairments of $302 million pre-tax in 2024 and $1.2 billion pre-tax in 2023.The assets and liabilities of businesses held for sale were as follows:(In millions)December 31, 2024December 31, 2023Cash and cash equivalents$1,339 $467 Investments1,444 1,438 Accounts receivable, net1,927 1,122 Other assets, including Goodwill (1)2,294 2,963 Total assets of businesses held for sale7,004 5,990 Insurance and contractholder liabilities1,579 1,636 All other liabilities831 1,059 Total liabilities of businesses held for sale$2,410 $2,695 (1) Includes Goodwill of $94 million as of December 31, 2024 and $396 million as of December 31, 2023.Integration and Transaction-Related CostsIn 2024 and 2023, the Company incurred transaction-related costs associated with the HCSC transaction. In 2023 and 2022, the Company also incurred net costs mainly related to the sale of our international life, accident and supplemental benefits businesses. Additionally in 2022, the Company incurred costs related to the sale of the Group Disability and Life business as well as the acquisition of MDLIVE, Inc. ("MD Live"). These costs incurred consisted primarily of certain projects to separate or integrate the Company's systems, products and services; fees for legal, advisory and other professional services; and certain employment-related costs. These costs were $275 million pre-tax ($211 million after-tax