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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- Balance Sheet: Assets
- Balance Sheet: Liabilities and Stockholders’ Equity
- Common-Size Income Statement
- Analysis of Liquidity Ratios
- Analysis of Reportable Segments
- Present Value of Free Cash Flow to Equity (FCFE)
- Operating Profit Margin since 2005
- Return on Equity (ROE) since 2005
- Return on Assets (ROA) since 2005
- Total Asset Turnover since 2005
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Cigna Group, consolidated statement of comprehensive income
US$ in millions
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).
The analysis of the financial data over the five-year period reveals several notable trends in the company's performance and financial adjustments.
- Net Income
- There is a clear downward trend in net income, which decreased from $8,489 million in 2020 to $3,778 million in 2024. The most significant drop occurred between 2020 and 2021, followed by some recovery in 2022, but then a continued decline through 2024.
- Net Unrealized Appreciation (Depreciation) on Securities and Derivatives
- This item shows volatility, with negative values in 2020 through 2022, reaching a low point of -$1,005 million in 2022. However, there was a significant reversal in 2023 and 2024, resulting in positive values of $503 million and $661 million, respectively.
- Net Long-Duration Insurance and Contractholder Liabilities Measurement Adjustments
- The data for this item is only available for 2023 and 2024, both of which show negative adjustments (-$715 million in 2023 and -$1,067 million in 2024), indicating increasing liabilities or adverse valuation changes during these years.
- Net Translation Gains (Losses) on Foreign Currencies
- This indicator fluctuated over the period, with positive gains in 2020 ($252 million) and 2022 ($72 million), but negative figures in the other years. The swings suggest exposure to volatile foreign currency markets with impacts on income.
- Postretirement Benefits Liability Adjustment
- After a negative adjustment in 2020 (-$105 million), this figure turned positive in 2021 and 2022 ($410 million and $420 million, respectively), before nearly reverting to neutral or slightly negative values in 2023 and 2024. This pattern implies changing assumptions or funding statuses relating to postretirement benefits.
- Other Comprehensive Income (Loss), Net of Tax
- Other comprehensive income exhibits negative values overall, with a deterioration from $72 million in 2020 to -$477 million in 2024. This reflects increasing losses attributed to components outside the net income calculation, such as market-to-market adjustments and foreign currency impacts.
- Comprehensive Income and Shareholders’ Comprehensive Income
- Comprehensive income declined from $8,561 million in 2020 to $3,301 million in 2024, mirroring the trend in net income but accelerating the decrease. Shareholders’ comprehensive income similarly fell from $8,538 million in 2020 to $2,957 million in 2024, indicating diminishing returns after accounting for noncontrolling interests.
- Comprehensive Income Attributable to Noncontrolling Interests
- The impact of noncontrolling interests increased in negative value, moving from -$23 million in 2020 to -$344 million in 2024. This growing deduction reduces the net benefit flowing to shareholders from comprehensive income.
Overall, the financial data indicates a general decline in profitability and comprehensive income over the period, alongside increased volatility in unrealized gains and liability adjustments. The negative trends in other comprehensive income and increasing deductions for noncontrolling interests contribute to reduced shareholders’ returns. These patterns suggest challenges in earnings stability, financial asset performance, and liability management during this timeframe.