Return on Assets (ROA)
since 2005
Calculation
Cigna Group, ROA, long-term trends, calculation
| ROA | = | 100 | × | Shareholders’ net income1 | ÷ | Total assets1 | |
|---|---|---|---|---|---|---|---|
| Dec 31, 2024 | 2.20% | = | 100 | × | 3,434) | ÷ | 155,881) |
| Dec 31, 2023 | 3.38% | = | 100 | × | 5,164) | ÷ | 152,761) |
| Dec 31, 2022 | 4.63% | = | 100 | × | 6,668) | ÷ | 143,932) |
| Dec 31, 2021 | 3.46% | = | 100 | × | 5,365) | ÷ | 154,889) |
| Dec 31, 2020 | 5.44% | = | 100 | × | 8,458) | ÷ | 155,451) |
| Dec 31, 2019 | 3.28% | = | 100 | × | 5,104) | ÷ | 155,774) |
| Dec 31, 2018 | 1.72% | = | 100 | × | 2,637) | ÷ | 153,226) |
| Dec 31, 2017 | 3.62% | = | 100 | × | 2,237) | ÷ | 61,759) |
| Dec 31, 2016 | 3.15% | = | 100 | × | 1,867) | ÷ | 59,360) |
| Dec 31, 2015 | 3.67% | = | 100 | × | 2,094) | ÷ | 57,088) |
| Dec 31, 2014 | 3.76% | = | 100 | × | 2,102) | ÷ | 55,896) |
| Dec 31, 2013 | 2.72% | = | 100 | × | 1,476) | ÷ | 54,336) |
| Dec 31, 2012 | 3.02% | = | 100 | × | 1,623) | ÷ | 53,734) |
| Dec 31, 2011 | 2.60% | = | 100 | × | 1,327) | ÷ | 51,047) |
| Dec 31, 2010 | 2.94% | = | 100 | × | 1,345) | ÷ | 45,682) |
| Dec 31, 2009 | 3.03% | = | 100 | × | 1,302) | ÷ | 43,013) |
| Dec 31, 2008 | 0.71% | = | 100 | × | 292) | ÷ | 41,406) |
| Dec 31, 2007 | 2.78% | = | 100 | × | 1,115) | ÷ | 40,065) |
| Dec 31, 2006 | 2.72% | = | 100 | × | 1,155) | ÷ | 42,399) |
| Dec 31, 2005 | 3.62% | = | 100 | × | 1,625) | ÷ | 44,863) |
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), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
1 US$ in millions
The financial data over the years reveals several notable trends and fluctuations in key metrics. Shareholders’ net income demonstrated considerable volatility, with a sharp decline from 2005 to 2008, reaching a low point in 2008. Subsequently, net income experienced a general upward trend, peaking significantly in 2020 at 8,458 million US dollars, before declining again through 2024. This pattern suggests periods of cyclical challenges followed by recovery and growth phases.
Total assets showed steady growth from 2005 to 2017, with a marked increase starting in 2018. This surge raised total assets to over 153 billion US dollars, maintaining a relatively stable and high level through 2024. The large increase in assets coinciding with the net income surge in 2020 indicates an expansion phase possibly driven by acquisitions or significant investments during this period.
Return on Assets (ROA) shows variability but generally aligns with the patterns seen in net income. ROA was relatively stable around 3% until 2013, dipped notably in 2014 and 2018, and climbed sharply in 2020, reaching a peak at 5.44%. After that, ROA declined but remained above the lows seen during 2008. This metric reflects the profitability efficiency relative to the asset base, with the highest efficiency observed during the 2020 spike aligned with net income and total asset growth.
- Shareholders’ Net Income Trends
- Initial decline from 2005 to 2008, followed by general growth with a peak in 2020 and subsequent decrease.
- Total Assets Trends
- Gradual increase from 2005 to 2017, significant jump in 2018, stable high levels thereafter.
- Return on Assets (ROA) Patterns
- Stable around 3% early on, dips correlating with net income drops, peak efficiency in 2020, followed by moderate decline.
- Overall Insight
- The data reflects periods of operational and financial challenges with recovery and substantial growth phases, notably around 2018-2020, indicating potential strategic changes influencing asset accumulation and profitability.
Comparison to Competitors
Cigna Group, ROA, long-term trends, comparison to competitors
| Cigna Group | Abbott Laboratories | Elevance Health Inc. | Intuitive Surgical Inc. | Medtronic PLC | UnitedHealth Group Inc. | |
|---|---|---|---|---|---|---|
| Dec 31, 2024 | 2.20% | 16.46% | 5.12% | 12.39% | 4.09% | 4.83% |
| Dec 31, 2023 | 3.38% | 7.82% | 5.50% | 11.64% | 4.13% | 8.18% |
| Dec 31, 2022 | 4.63% | 9.31% | 5.86% | 10.19% | 5.54% | 8.19% |
| Dec 31, 2021 | 3.46% | 9.40% | 6.26% | 12.58% | 3.87% | 8.15% |
| Dec 31, 2020 | 5.44% | 6.20% | 5.28% | 9.50% | 5.28% | 7.81% |
| Dec 31, 2019 | 3.28% | 5.43% | 6.21% | 14.17% | 5.16% | 7.96% |
| Dec 31, 2018 | 1.72% | 3.53% | 5.24% | 14.37% | 3.40% | 7.87% |
| Dec 31, 2017 | 3.62% | 0.63% | 5.45% | 11.46% | 4.04% | 7.59% |
| Dec 31, 2016 | 3.15% | 2.66% | 3.79% | 11.34% | 3.55% | 5.71% |
| Dec 31, 2015 | 3.67% | 10.72% | 4.15% | 12.00% | 2.51% | 5.22% |
| Dec 31, 2014 | 3.76% | 5.53% | 4.14% | 10.58% | 8.08% | 6.50% |
| Dec 31, 2013 | 2.72% | 6.00% | 4.18% | 16.99% | 9.95% | 6.87% |
| Dec 31, 2012 | 3.02% | 8.87% | 4.50% | 16.18% | 10.93% | 6.83% |
| Dec 31, 2011 | 2.60% | 7.84% | 5.09% | 16.16% | 10.18% | 7.57% |
| Dec 31, 2010 | 2.94% | 7.78% | 5.75% | 15.97% | 11.03% | 7.35% |
| Dec 31, 2009 | 3.03% | 10.96% | 9.10% | 12.85% | 9.17% | 6.47% |
| Dec 31, 2008 | 0.71% | 11.51% | 5.15% | 13.86% | 10.05% | 5.33% |
| Dec 31, 2007 | 2.78% | 9.08% | 6.43% | 13.90% | 14.36% | 9.14% |
| Dec 31, 2006 | 2.72% | 4.75% | 5.98% | 10.72% | 12.95% | 8.61% |
| Dec 31, 2005 | 3.62% | 11.57% | 4.79% | 18.77% | 10.86% | 7.98% |
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), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Sector (Health Care Equipment & Services)
Cigna Group, ROA, long-term trends, comparison to sector (health care equipment & services)
| Cigna Group | Health Care Equipment & Services | |
|---|---|---|
| Dec 31, 2024 | 2.20% | 6.57% |
| Dec 31, 2023 | 3.38% | 7.05% |
| Dec 31, 2022 | 4.63% | 7.49% |
| Dec 31, 2021 | 3.46% | 7.28% |
| Dec 31, 2020 | 5.44% | 6.62% |
| Dec 31, 2019 | 3.28% | 6.77% |
| Dec 31, 2018 | 1.72% | 5.72% |
| Dec 31, 2017 | 3.62% | 5.00% |
| Dec 31, 2016 | 3.15% | 4.37% |
| Dec 31, 2015 | 3.67% | 4.93% |
| Dec 31, 2014 | 3.76% | 6.03% |
| Dec 31, 2013 | 2.72% | 6.64% |
| Dec 31, 2012 | 3.02% | 7.54% |
| Dec 31, 2011 | 2.60% | 7.54% |
| Dec 31, 2010 | 2.94% | 7.69% |
| Dec 31, 2009 | 3.03% | 8.84% |
| Dec 31, 2008 | 0.71% | 7.51% |
| Dec 31, 2007 | 2.78% | 8.92% |
| Dec 31, 2006 | 2.72% | 7.40% |
| Dec 31, 2005 | 3.62% | 7.94% |
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), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Industry (Health Care)
Cigna Group, ROA, long-term trends, comparison to industry (health care)
| Cigna Group | Health Care | |
|---|---|---|
| Dec 31, 2024 | 2.20% | 5.73% |
| Dec 31, 2023 | 3.38% | 7.19% |
| Dec 31, 2022 | 4.63% | 9.66% |
| Dec 31, 2021 | 3.46% | 9.46% |
| Dec 31, 2020 | 5.44% | 5.81% |
| Dec 31, 2019 | 3.28% | 8.32% |
| Dec 31, 2018 | 1.72% | 7.90% |
| Dec 31, 2017 | 3.62% | 5.19% |
| Dec 31, 2016 | 3.15% | 7.31% |
| Dec 31, 2015 | 3.67% | 7.71% |
| Dec 31, 2014 | 3.76% | 8.59% |
| Dec 31, 2013 | 2.72% | 8.76% |
| Dec 31, 2012 | 3.02% | 8.09% |
| Dec 31, 2011 | 2.60% | 7.36% |
| Dec 31, 2010 | 2.94% | 7.24% |
| Dec 31, 2009 | 3.03% | 9.73% |
| Dec 31, 2008 | 0.71% | 9.50% |
| Dec 31, 2007 | 2.78% | 8.88% |
| Dec 31, 2006 | 2.72% | 10.52% |
| Dec 31, 2005 | 3.62% | 9.67% |
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), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).