Company: CI
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0001739940-25-000028
Chunk: 171

Company: Cigna Group
Filing Date: 2025-07-31
Form: 10-Q
Item: Part II, Item 7
Chunk 171
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 of June 30,As ofDecember 31,(In millions)20252024ChangeUnpaid claims and claim expenses$4,636 $5,018 (8)%

Our unpaid claims and claim expenses liability decreased 8%, driven by the HCSC transaction (-$983 million), partially offset by the change in stop loss reserves (+$641 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 Ended June 30,ChangeSix Months EndedJune 30,Change(Dollars in millions)2025202420252024Adjusted revenues$184 $227 (19)%$359 $393 (9)%Pre-tax adjusted income from operations$25 $(16)N/M%$25 $2 N/M%Pre-tax margin13.6 %(7.0)%2,060 bps7.0 %0.5 %650 bps

Three and Six Months Ended June 30, 2025 versus Three and Six Months Ended June 30, 2024

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

Pre-tax adjusted income from operations increased for both periods, primarily driven by the decision to discontinue certain small 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 Ended June 30,ChangeSix Months EndedJune 30,Change(In millions)2025202420252024Pre-tax adjusted loss from operations$(382)$(435)(12)%$(793)$(844)(6)%

Three and Six Months Ended June 30, 2025 versus Three and Six Months Ended June 30, 2024

Pre-tax adjusted loss from operations decreased for both periods, primarily due to lower interest expense.

INVESTMENT ASSETS

Information regarding our investment assets is included in Notes 11, 12