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DentalInsurance.com reports a significant increase of 122% in annual sales of high maximum benefit dental plans in 2023 compared to 2022. The average maximum benefit observed across their products was $1,893, with high maximum plans offering at least $2,500. The most generous limit on DentalInsurance.com was $10,000, while the lowest was $500. The surge in sales was attributed to the strategic decision to offer more plans with high maximum benefits to counter rising inflation post-COVID.
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Cigna Group (CI) announces pricing terms for its tender offers to purchase senior notes with specific details on Total Consideration, Early Tender Payment, and Tender Offer amounts. The offers include Any and All Tender Offer and Maximum Tender Offer, with detailed information on the securities, acceptance priority levels, and reference U.S. Treasury securities.
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Cigna Group (CI) announces successful results of tender offers for various senior notes, with an increase in the Maximum Tender Offer Amount. The company will purchase validly tendered notes and has set specific acceptance priorities and proration factors for each series of securities.
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The Cigna Group (CI) announces a $3.2 billion accelerated stock repurchase program with Deutsche Bank AG and Bank of America, N.A., aiming to repurchase $5 billion of common stock by the first half of 2024.
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Cigna Healthcare partners with HelloFresh to offer discounted meal kits to 12 million customers, focusing on combatting food insecurity. The collaboration aims to support employee health and well-being, providing fresh, affordable meals and free kits to communities in need.
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Cigna Healthcare and Zebra Technologies sponsored Vincent Country Safe Zone Activity Day, providing free biometric health and skin cancer screenings, eye exams, and glasses to students and school staff. The event also featured NFL and Nickelodeon figures, flag football games, and a mural sponsored by Zebra Technologies.
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The Cigna Group (CI) ranks #6 in America for corporate citizenship, leading the health care industry for the second consecutive year. Underpinned by four pillars, the company focuses on improving society, workforce, company, and environment. The company's efforts include increasing behavioral health specialists, addressing food insecurity, expanding health plans, and reducing environmental impact.
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Cigna Group (CI) has commenced tender offers to purchase for cash any and all of its 3.50% Senior Notes due 2024 and Evernorth Health, Inc.'s 3.50% Senior Notes due 2024, as well as up to $1,250,000,000 aggregate principal amount of various senior notes due 2025, 2026, 2027, and 2030. The tender offers will expire on March 5, 2024, and the company's obligation to accept for purchase and pay for the securities is subject to certain conditions. J.P. Morgan Securities LLC, Deutsche Bank Securities Inc., Goldman Sachs & Co. LLC, and Wells Fargo Securities, LLC are the Dealer Managers for the Tender Offers.
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AM Best has announced that the Credit Ratings of Health Care Service Corporation and its subsidiaries remain unchanged following its agreement to acquire all of The Cigna Group's Medicare Advantage, Medicare Part D, Medicare Supplement, and CareAllies businesses. The transaction is expected to expand HCSC's geographic diversification and provide additional scale and capabilities to its Medicare Advantage business. The acquisition is projected to have a limited impact on HCSC's overall balance sheet metrics, and financial leverage is expected to remain within AM Best's tolerances.
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Global health company The Cigna Group (NYSE: CI) reported total revenues of $195.3 billion and shareholders' net income of $5.2 billion for 2023. The company also declared a 14% increase in the quarterly dividend to $1.40 per share. Cigna Group's adjusted income from operations for 2023 was $7.4 billion, with a projected 2024 adjusted income from operations of at least $8.025 billion. The company experienced strong growth in total revenues and earnings across its diversified portfolio of businesses, with a focus on improving value, affordability, and clinical outcomes.
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The Cigna Group
NYSE:CI
CI Rankings
CI Stock Data
96.99B
290.97M
1.5%
89.85%
1.97%
Direct Health and Medical Insurance Carriers
Finance and Insurance
United States of America
BLOOMFIELD
About CI
The Cigna Group is a global health services company. The Companys portfolio of offerings solves diverse challenges across the healthcare system. The Company offers a differentiated set of pharmacy, medical, behavioral, dental and supplemental products, and services, primarily through two platforms: Evernorth Health Services and Cigna Healthcare.