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This statistic highlights Cigna Corp’s Revenue Breakdown Worldwide, split across Net Investment Income, Pharmacy, Premium, and Fees and other, reported on a quarterly basis from Q1 2016 onwards.
Cigna’s portfolio of services address a wide range of issues in the health-care system. It primarily operates under two brands: Cigna and Evernorth, which provide a diverse range of pharmacy, medical, behavioral, dental, and supplemental products and services.
|Segment||Q4 2020||Q3 2021||Q4 2021||Contribution in Q4 2021|
|Net investment income||$0.38||$0.47||$0.38||0.83%|
|Fees and other||$2.34||$2.53||$2.64||6%|
(All figures in millions, except percentages)
The total revenue generated from all the segments of Cigna Corporation’s has been increasing every quarter. The revenue increased by 3.16% quarterly, from $44.29 million in Q3 2021 to $45.69 million in Q4 2021. The year-on-year growth was 9.57% when compared to Q4 2020, where the revenue generated was $41.70 million.
Net Investment Income
The net investment income earned in Q4 2020 was $0.38 million, representing 0.91% of the quarterly total. In Q4 2021, the revenue from this segment fell to the Q4 2020 level, showing a 0% yearly growth, contributing 0.83% of the total quarterly revenue. It decreased by 19.15% quarterly, from $0.37 million in Q3 2021 to $0.38 million in Q4 2021.
The primary source of pharmacy revenue is the provision of pharmacy benefit management services to clients and customers. When control of promised products or services is passed to clients and customers, pharmacy revenues are recognized in an amount that reflects the consideration the Company expects to receive for those goods or services.
This segment’s revenue has been steadily increasing over time. The revenue increased by 14.2% on a yearly basis, from $28.31 million in Q4 2020 to $32.33 million in Q4 2021. The revenue further increased 4.26% on a quarterly basis, from Q3 2021 to Q4 2021, i.e., from $31.01 million to $32.33 million. The share of this segment in the cumulative revenue had been increasing quarter on quarter from 67.89% in Q4 2020 to 70.76% in Q4 2021.
Customers may be charged premiums if the cost of the plan exceeds the money obtained from CMS.
In Q4 2021, Cigna Corporation earned $10.34 million from this segment comprising 22.63% of their quarterly total. In Q3 2021, this region’s revenue was $10.28 million with their proportion of the quarterly total revenue standing at 23.21%, indicating a small increment of 0.58% on a quarterly basis. There is a 3.09% yearly decrease in revenue as compared to Q4 2020, where the revenue earned was $10.67 million.
Fees and Others
Fees and other revenues is the segment where earnings or losses from equity-method joint venture investments are recorded.
The total revenue generated from this segment has been on an increase. The revenue increased 4.35% quarterly, from $2.53 million in Q3 2021 to $2.64 million in Q4 2021. The year-on-year growth was 12.82% when compared to Q4 2020, where the revenue generated was $2.34 million. Customer growth fueled an increase in fees and other income. The contribution to total revenue also grew from 5.61% in Q4 2020 to 5.71% in Q3 2021 to 5.78% in Q4 2021.
Cigna corporation is an American company operating in the insurance and managed healthcare industry. It is headquartered in Bloomfield, Connecticut, US. It offers a wide range of products to its customers, ranging from healthcare services and PBM to health insurance and life insurance. The common stock of the company is publicly traded on the NYSE under the ticker CI and is a component of the S&P 500 index. Cigna is a worldwide health services firm that is uniquely capable of delivering inexpensive, predictable, and straightforward health care, thanks to its broad and deep capabilities that help it realize its purpose of enhancing health, well-being, and peace of mind.
It all starts with Evernorth and Cigna Healthcare platforms’ strength. Because of the breadth of its capabilities and knowledge, Evernorth is a highly appealing services portfolio to customers and partners, allowing it to expand existing relationships throughout the full book of business. The Cigna Healthcare platform, which consists of the U.S. Commercial, U.S. Government, and International Health operating sectors, enables it to leverage its partnership relationship with physicians to provide organizations and individuals with affordable and coordinated health care.
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