Company: CI
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0001739940-25-000021
Chunk: 297

Company: Cigna Group
Filing Date: 2025-05-02
Form: 10-Q
Item: Part I, Item 2
Chunk 297
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 million), partially offset by the change in stop loss reserves (+$570 million), primarily due to seasonality.

Other Operations

Other Operations includes corporate-owned life insurance ("COLI"), the Company's run-off operations and other non-strategic businesses. As described in the introduction of Segment Reporting, performance of Other Operations is measured using adjusted revenues and pre-tax adjusted income from operations. 

Results of Operations

Financial SummaryThree Months EndedMarch 31,Change(Dollars in millions)20252024Adjusted revenues$175 $166 5 %Pre-tax adjusted income from operations$— $18 N/M%Pre-tax margin— %10.8 %(1,080)bps

Three Months Ended March 31, 2025 versus Three Months Ended March 31, 2024

Adjusted revenues primarily reflects premiums and net investment income associated with COLI and our run-off operations and revenues from other non-strategic businesses.

Pre-tax adjusted income from operations decreased, primarily driven by less favorable COLI claims experience and unfavorable margins in our non-strategic businesses.

Corporate

Corporate reflects amounts not allocated to operating segments, including net interest expense (defined as interest on corporate financing less net investment income on investments not supporting segment and other operations), certain litigation matters, expense associated with our frozen pension plans, charitable contributions, operating severance, certain overhead and enterprise-wide project costs, and eliminations for products and services sold between segments.

Financial SummaryThree Months EndedMarch 31,Change(In millions)20252024Pre-tax adjusted loss from operations$(411)$(409)— %

Three Months Ended March 31, 2025 versus Three Months Ended March 31, 2024

Pre-tax adjusted loss from operations was consistent with prior year.

INVESTMENT ASSETS

Information regarding our investment assets is included in Notes 11, 12 and 13 to the Consolidated Financial Statements. 

Investment Outlook

Future realized and unrealized investment results will be driven largely by market conditions, and these future conditions are not reasonably predictable. We believe that the vast majority of our investments will continue to perform under their contractual terms. We manage the portfolio for long-term economics; therefore, we expect to hold a significant portion of these assets for the long term. Although future declines in investment fair values remain possible due to interest rate movements and credit deterioration due to both 

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investment-specific uncertainties and global economic uncertainties as discussed below, we do not expect these losses to have a material unfavorable effect on our financial condition or liquidity. The