Company: CI
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0001739940-25-000021
Chunk: 125

Company: Cigna Group
Filing Date: 2025-05-02
Form: 10-Q
Item: Part II, Item 3
Chunk 125
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,048 1 Total18,043 19,184 (6)%

(1)International Health excludes medical customers served by less than 100%-owned subsidiaries, as well as certain customers served by our third-party administrator.

Total medical customers decreased 6%, primarily due to the HCSC transaction.

40

Unpaid Claims and Claim Expenses

As of March 31,As ofDecember 31,(In millions)20252024ChangeUnpaid claims and claim expenses$4,508 $5,018 (10)%

Our unpaid claims and claim expenses liability decreased 10%, driven by the HCSC transaction (-$983 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 Consolid