The Cigna Group (CI) stock — is it a good business?

The Cigna Group (CI) stock — is it a good business? — InspectStocks

Just reported

Q3 2026 results

From The Cigna's results release of November 5, 2026; its quarterly report has since been filed.

Revenue
Actual
$73.68B
+5.6% y/y
+2.8% q/q
Guided
—
No guide given
EPS, GAAP
Actual
$5.47
-22% y/y
-13% q/q
Guided
—
No guide given
Operating income, GAAP
Actual
$2.4B
-7.1% y/y
-10% q/q
Guided
—
No guide given

Company outlook

Full year 2026

Operating income, adjusted$30.6MRaised +0.5%

Set against the company's own guidance and the same quarter a year earlier, not analysts' estimates, which we do not hold. Adjusted figures are the company's own non-GAAP measures, as stated in the release.

The full earnings report →

How it makes money

Evernorth Health Services: pharmacy benefits, specialty pharmacy, drug distribution and care services86%
Cigna Healthcare: employer and international health coverage and plan administration16%

Shares of revenue are estimates for three months ended June 30, 2026, not figures from a filing.

Competes with

What it sells6

Express Scripts pharmacy benefit services
Manages prescription claims and pharmacy networks for client health plans, helps clients choose which drugs their plans cover, and negotiates drug discounts and rebates.
Accredo Specialty Pharmacy
Dispenses medicines for complex or rare conditions and provides patients with support from pharmacists, clinicians and in-home nursing services.
CuraScript SD
Supplies specialty medicines and medical products directly to hospitals, clinics and other health care providers.

Show 3 more

Cigna employer health plans
Medical insurance and plan-administration services for employers, with options for employers that pay their employees' medical claims themselves.
International Health coverage
Health and related insurance for multinational employers, people working across borders, and employers and individuals in selected countries.
MD Live and EviCore care services
MD Live provides virtual medical and behavioral health visits; EviCore helps health plans manage coverage and care for certain medical services.

Who buys it6

Employers that buy insured medical plans or pay employee medical claims themselves and pay Cigna to administer those plans.
Health insurers, managed care organizations and third-party administrators that hire Cigna to manage prescription benefits, pharmacy networks or other health services.
Unions and other group benefit plans that buy health coverage or plan-administration services.

Show 3 more

Individuals who buy Cigna health coverage directly or receive it through an employer.
Government health programs and government contractors that hire Cigna for pharmacy-benefit or health services.
Hospitals and clinics that buy specialty medicines or pharmacy-management services.

What it stands on, and what could break it

What the business leans on

1A single pharmacy-benefit client generated about 19% of external revenue (year ended December 31, 2025, high).
2One pharmaceutical wholesaler supplies approximately half of Evernorth Health Services' pharmaceutical purchases (2025, high); Cigna has contracts with other wholesalers as alternatives.
3The business depends on pharmaceutical manufacturers and retail pharmacies for drug discounts, rebates, medicine supply and pharmacy-network access.

What could go wrong

1If medical claims cost more than Cigna priced into insured plans, or more than its estimates of unpaid claims, results can be affected before premiums or plan prices can be adjusted.
2Changes in drug prices, manufacturer rebates, or relationships with major drug manufacturers and pharmacy providers can affect the cost and economics of its pharmacy-benefit business.
3New or changing health, pharmacy-benefit and government-program rules can require changes to contracts and operations, increase compliance costs, or limit how Cigna manages drug benefits and pharmacy networks.

Full financial statements →

About The Cigna Group

Cigna processes prescription claims and manages pharmacy networks and drug coverage for clients. It also runs home-delivery and specialty pharmacies, supplies specialty medicines to clinics and hospitals, and provides virtual care and medical care-management services. Its insurance business sells health coverage and administers employer health plans, including plans where the employer pays medical claims itself.

Head office: Bloomfield, Connecticut, United States
Founded: 1981
Employees: Approximately 67,700 (December 31, 2025, high)
Listed on: NYSE
Financial year ends: December 31

Built from The Cigna Group’s own filings with the U.S. Securities and Exchange Commission (SEC). Figures are as reported, with per-share history restated onto today’s share basis. This describes a business — it is not investment advice and not a recommendation to buy or sell anything.

Just reported

Q3 2026 results

From The Cigna's results release of November 5, 2026; its quarterly report has since been filed.

Revenue
Actual
$73.68B
+5.6% y/y
+2.8% q/q
Guided
—
No guide given
EPS, GAAP
Actual
$5.47
-22% y/y
-13% q/q
Guided
—
No guide given
Operating income, GAAP
Actual
$2.4B
-7.1% y/y
-10% q/q
Guided
—
No guide given

Company outlook

Full year 2026

Operating income, adjusted$30.6MRaised +0.5%

The full earnings report →

Keep exploring

The themes The Cigna is part of, the highest-graded companies in its industry, and the companies in its sector whose grade rose recently.

The theme it is part of

Highest-graded in Healthcare Plans

Graded A or B and worth $2B or more: A first, then the largest.

All 11 graded companies in its industry

Grade rose recently in Healthcare

Rose to A or B on a filing in the last 90 days, worth $2B or more: largest first.

All grade rises

How it makes money

Evernorth Health Services: pharmacy benefits, specialty pharmacy, drug distribution and care services86%
Cigna Healthcare: employer and international health coverage and plan administration16%

Shares of revenue are estimates for three months ended June 30, 2026, not figures from a filing.

Competes with

What it sells6

Express Scripts pharmacy benefit services
Manages prescription claims and pharmacy networks for client health plans, helps clients choose which drugs their plans cover, and negotiates drug discounts and rebates.
Accredo Specialty Pharmacy
Dispenses medicines for complex or rare conditions and provides patients with support from pharmacists, clinicians and in-home nursing services.
CuraScript SD
Supplies specialty medicines and medical products directly to hospitals, clinics and other health care providers.

Show 3 more

Cigna employer health plans
Medical insurance and plan-administration services for employers, with options for employers that pay their employees' medical claims themselves.
International Health coverage
Health and related insurance for multinational employers, people working across borders, and employers and individuals in selected countries.
MD Live and EviCore care services
MD Live provides virtual medical and behavioral health visits; EviCore helps health plans manage coverage and care for certain medical services.

Who buys it6

Employers that buy insured medical plans or pay employee medical claims themselves and pay Cigna to administer those plans.
Health insurers, managed care organizations and third-party administrators that hire Cigna to manage prescription benefits, pharmacy networks or other health services.
Unions and other group benefit plans that buy health coverage or plan-administration services.

Show 3 more

Individuals who buy Cigna health coverage directly or receive it through an employer.
Government health programs and government contractors that hire Cigna for pharmacy-benefit or health services.
Hospitals and clinics that buy specialty medicines or pharmacy-management services.

What it stands on, and what could break it

What the business leans on

1A single pharmacy-benefit client generated about 19% of external revenue (year ended December 31, 2025, high).
2One pharmaceutical wholesaler supplies approximately half of Evernorth Health Services' pharmaceutical purchases (2025, high); Cigna has contracts with other wholesalers as alternatives.
3The business depends on pharmaceutical manufacturers and retail pharmacies for drug discounts, rebates, medicine supply and pharmacy-network access.

What could go wrong

1If medical claims cost more than Cigna priced into insured plans, or more than its estimates of unpaid claims, results can be affected before premiums or plan prices can be adjusted.
2Changes in drug prices, manufacturer rebates, or relationships with major drug manufacturers and pharmacy providers can affect the cost and economics of its pharmacy-benefit business.
3New or changing health, pharmacy-benefit and government-program rules can require changes to contracts and operations, increase compliance costs, or limit how Cigna manages drug benefits and pharmacy networks.

Full financial statements →

About The Cigna Group

Head office: Bloomfield, Connecticut, United States
Founded: 1981
Employees: Approximately 67,700 (December 31, 2025, high)
Listed on: NYSE
Financial year ends: December 31

Q3 2026 results

Revenue

EPS, GAAP

Operating income, GAAP

Company outlook

How it makes money

Competes with

What it sells6

Who buys it6

What it stands on, and what could break it

What the business leans on

What could go wrong

About The Cigna Group

Q3 2026 results

Revenue

EPS, GAAP

Operating income, GAAP

Company outlook

Keep exploring

The theme it is part of

Highest-graded in Healthcare Plans

Grade rose recently in Healthcare

How it makes money

Competes with

What it sells6

Who buys it6

What it stands on, and what could break it

What the business leans on

What could go wrong

About The Cigna Group

The Cigna Group

Keep exploring

The theme it is part of

Highest-graded in Healthcare Plans

Grade rose recently in Healthcare

Health insurers & hospitals

Earnings & book value — 5 of 5

Business trend

Share price and grade over time

Q3 2026 results

Revenue

EPS, GAAP

Operating income, GAAP

Company outlook

How it makes money

Competes with

What it sells6

Who buys it6

What it stands on, and what could break it

What the business leans on

What could go wrong

About The Cigna Group

Q3 2026 results

Revenue

EPS, GAAP

Operating income, GAAP

Company outlook

Keep exploring

The theme it is part of

Highest-graded in Healthcare Plans

Grade rose recently in Healthcare

How it makes money

Competes with

What it sells6

Who buys it6

What it stands on, and what could break it

What the business leans on

What could go wrong

About The Cigna Group

The Cigna Group

Past performance

Keep exploring

The theme it is part of

Highest-graded in Healthcare Plans

Grade rose recently in Healthcare

Health insurers & hospitals

Earnings & book value — 5 of 5

Business trend

Share price and grade over time