Name: Cigna Group (NYSE:CI) | Statement of Comprehensive Income
Creator: Stock Analysis on Net

Statement of Comprehensive Income

Comprehensive income is the change in equity (net assets) of a business enterprise during a period from transactions and other events and circumstances from non-owners sources. It includes all changes in equity during a period except those resulting from investments by owners and distributions to owners.

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Cigna Group, consolidated statement of comprehensive income

US$ in millions

12 months ended:	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net income	3,778)	5,372)	6,746)	5,415)	8,489)
Net unrealized appreciation (depreciation) on securities and derivatives	661)	503)	(1,005)	(215)	(75)
Net long-duration insurance and contractholder liabilities measurement adjustments	(1,067)	(715)	—)	—)	—)
Net translation gains (losses) on foreign currencies	(49)	5)	72)	(232)	252)
Postretirement benefits liability adjustment	(22)	1)	420)	410)	(105)
Other comprehensive income (loss), net of tax	(477)	(206)	(513)	(37)	72)
Comprehensive income	3,301)	5,166)	6,233)	5,378)	8,561)
Comprehensive income attributable to noncontrolling interests	(344)	(208)	(76)	(36)	(23)
Shareholders’ comprehensive income	2,957)	4,958)	6,157)	5,342)	8,538)

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

An analysis of the comprehensive income from 2020 to 2024 reveals a consistent downward trajectory in overall profitability. Total comprehensive income decreased from 8,561 million US$ in 2020 to 3,301 million US$ in 2024, representing a significant reduction in the company's total economic gain over the five-year period.

Net Income and Shareholders' Equity Performance: Net income experienced a marked decline, falling from 8,489 million US$ in 2020 to 3,778 million US$ in 2024. This downward trend is mirrored in shareholders' comprehensive income, which contracted from 8,538 million US$ to 2,957 million US$ over the same timeframe. The most acute reduction occurred between 2023 and 2024, during which shareholders' comprehensive income fell by approximately 40%.
Securities and Derivatives Volatility: The net unrealized appreciation and depreciation on securities and derivatives exhibited significant volatility. Following a substantial loss of 1,005 million US$ in 2022, the trend reversed to positive gains in 2023 and 2024, reaching 661 million US$ by the end of the period. This indicates a recovery in the market valuation of the securities portfolio relative to the 2022 lows.
Insurance and Contractholder Liability Adjustments: Beginning in 2023, a new negative pressure emerged in the form of net long-duration insurance and contractholder liabilities measurement adjustments. These adjustments resulted in a loss of 715 million US$ in 2023 and accelerated to a loss of 1,067 million US$ in 2024, serving as a substantial drag on comprehensive income in the final two years of the observed period.
Noncontrolling Interests and Secondary Adjustments: Comprehensive income attributable to noncontrolling interests has become increasingly negative, expanding from -23 million US$ in 2020 to -344 million US$ in 2024. Furthermore, postretirement benefits liability adjustments, which provided positive offsets of 410 million US$ and 420 million US$ in 2021 and 2022 respectively, have largely dissipated, ending at -22 million US$ in 2024.

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