Company: CI
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0001739940-25-000009
Chunk: 888

Company: Cigna Group
Filing Date: 2025-02-27
Form: 10-K
Item: Item 1
Chunk 888
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)3.5 %4.2 %4.4 %(70)bps(20) bpsSG&A expense ratio (3)1.9 %2.2 %2.0 %(30)bps20  bps

(1)See Note 22 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 22 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 InformationFor the Years Ended December 31,ChangeChange(Dollars and adjusted scripts in millions)2024202320222024 vs. 20232023 vs. 2022Total adjusted revenuesPharmacy Benefit Services$111,822 $76,792 $75,801 46 %1 %Specialty and Care Services90,333 76,707 64,534 18 19 Total adjusted revenues$202,155 $153,499 $140,335 32 %9 %Pre-tax adjusted income from operationsPharmacy Benefit Services$3,577 $3,469 $3,616 3 %(4)%Specialty and Care Services3,424 2,973 2,511 15 18 Total pre-tax adjusted income from operations$7,001 $6,442 $6,127 9 %5 %Pharmacy claim volume (1)2,120 1,585 1,575 34 %1 %

(1)Non-specialty network prescriptions filled through 90-day programs and home delivery prescriptions are counted as three claims. All other network and specialty prescriptions are counted as one claim.

2024 versus 2023

Commentary in parentheses regarding percentage changes represents the driver's impact on the overall category.

Adjusted revenues increased 32%, primarily reflecting higher utilization of prescription drugs from customer growth in both Pharmacy Benefit Services (+24%) and Specialty and Care Services (+7%).

Pre-tax adjusted income from operations increased 9%, primarily reflecting customer growth in Specialty and Care Services (+10%) and continued affordability