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The Cigna Group Foundation Addresses Mental Health and Housing Stability for Veterans with $3 Million in Grants
Prnewswire· 2025-07-08 10:00
Core Insights - The Cigna Group Foundation has announced a new round of grants totaling $9 million over three years, focusing on improving the mental health of military veterans by addressing social determinants of health, particularly housing stability [1][6][8] Grant Program Details - The 2025 grant application is open for eligible organizations in select states, closing on August 7, 2025 [2] - The foundation prioritizes grants in regions with high social determinant of health risks, including Arizona, Connecticut, Florida, Georgia, Illinois, Missouri, New Jersey, Pennsylvania, Tennessee, and Texas [3][6] - Goals of the grant program include increasing permanent housing for veterans, improving housing affordability through rental or mortgage assistance, and enhancing wraparound services for veterans transitioning from shelters [3][6] Veteran Mental Health Context - Military veterans face a higher risk of homelessness, with approximately 40,000 veterans without shelter on any given night, and a 7% increase in homelessness among veterans reported from 2022 to 2023 [4][6] Previous Funding Impact - In 2024, the first year of the grant program, $3 million was distributed to 23 organizations to support local veterans, focusing on stability and mental health [5][6] - Examples of funded initiatives include the Veterans Rapid Rehousing Program in Texas and financial assistance for veteran homeowners facing foreclosure in Tennessee [7] Broader Philanthropic Commitment - The Cigna Group Foundation has committed over $27 million in grants over three years to address youth and veteran mental health and reduce barriers to health equity [8]
The Cigna Group Foundation Announces Grants to 24 Nonprofits, Builds on Momentum to Help Address Youth Mental Health Crisis
Prnewswire· 2025-06-30 10:00
BLOOMFIELD, Conn., June 30, 2025 /PRNewswire/ -- The Cigna Group Foundation, the philanthropic arm of The Cigna Group (NYSE: CI), today announced its second round of grant recipients supporting youth mental health. As part of this grant program, The Cigna Group Foundation has allocated $9 million to nonprofit organizations over three years to positively impact the youth mental health crisis."Our kids and teens across the United States continue to struggle with mental health issues in the post-pandemic world ...
The Cigna Group's Second Quarter 2025 Earnings Release Details
Prnewswire· 2025-06-25 12:00
BLOOMFIELD, Conn., June 25, 2025 /PRNewswire/ -- Global health company The Cigna Group (NYSE: CI) will release its second quarter 2025 financial results on Thursday, July 31, 2025, and will host a conference call the same day. Second quarter 2025 financial results will be released no later than 6:30 a.m. Eastern Time (ET). Management will review these results on a conference call beginning at 8:30 a.m. ET. The call-in numbers are as follows: Live Call (888) 566-1889 (Domestic) (773) 799-3989 (International) ...
The Cigna Group Health Equity Impact Fund Opens 2025 Grants
Prnewswire· 2025-06-04 10:00
The Fund will distribute another $3 million to nonprofits to improve health outcomesBLOOMFIELD, Conn., June 4, 2025 /PRNewswire/ -- The Cigna Group Foundation today announced the second year of grants from its Health Equity Impact Fund. The initiative will allocate a total of $3 million to two cities: Hartford, Conn., where it began last year, and St. Louis, Mo., which struggles with significant health disparities among its adult residents."Creating healthier communities starts with supporting healthy habit ...
Cigna Q1 Earnings Beat Estimates on Evernorth Health Strength
ZACKS· 2025-05-02 18:41
The Cigna Group (CI) reported first-quarter 2025 adjusted earnings per share (EPS) of $6.74, which outpaced the Zacks Consensus Estimate by 5.5%. Also, the bottom line increased 4.2% year over year. (See the Zacks Earnings Calendar to stay ahead of market-making news.)Adjusted revenues improved year over year to $65.5 billion from $57.2 billion. The top line beat the consensus mark by 7.7%.The strong first-quarter results benefited from the rising relationship with existing clients and solid growth in Evern ...
Cigna CEO Says Strong Q1 Earnings, Increased Outlook Reflect Strength In Growth Platforms
Benzinga· 2025-05-02 13:28
Core Insights - Cigna Group reported first-quarter 2025 revenue of $65.45 billion, exceeding analyst estimates of $60.39 billion, with a year-over-year sales increase of 14% driven by existing client relationships and strong growth in specialty pharmacy services [1] - Adjusted earnings per share were $6.74, surpassing analysts' expectations of $6.35 [1] Revenue Breakdown - Evernorth Health Services, which includes Pharmacy Benefit and Specialty and Care Services, achieved first-quarter sales of $53.68 billion, reflecting a 16% increase [2] - Cigna Healthcare segment sales rose 9% to $14.48 billion, primarily due to premium rate increases to cover expected medical cost increases [3] Customer Metrics - Total medical customers decreased by 6% from December 31, 2024, to 18.04 million, largely due to the impact of the HCSC transaction; however, excluding this impact, customer numbers remained stable [4] - Total customer relationships reached 182.2 million as of March 31, 2025, with a 1% increase when excluding the HCSC transaction [4] - Total pharmacy customers increased by 3% to 122.3 million, attributed to new sales and expanded relationships [4] Future Outlook - Cigna anticipates fiscal 2025 adjusted income per share of $29.60, slightly up from the previous estimate of $29.50, aligning with consensus expectations [5] - Evernorth's adjusted income from operations is projected to be at least $7.2 billion, with Cigna Healthcare expected to contribute at least $4.125 billion [5] Financial Ratios - The Cigna Healthcare Medical Care Ratio (MCR) is expected to range between 83.2% to 84.2% [6] - The MCR for the first quarter of 2025 was reported at 82.2%, an increase from 79.9% a year ago, primarily due to higher stop-loss medical costs [7]
Curious about Cigna (CI) Q1 Performance? Explore Wall Street Estimates for Key Metrics
ZACKS· 2025-04-29 14:21
Core Viewpoint - Analysts forecast that Cigna (CI) will report quarterly earnings of $6.39 per share, reflecting a year-over-year decline of 1.2%, with revenues expected to reach $60.8 billion, an increase of 6.2% compared to the previous year [1] Earnings Estimates - Over the past 30 days, the consensus EPS estimate has been adjusted upward by 0.5%, indicating a reassessment of initial projections by covering analysts [2] - Changes in earnings estimates are crucial for predicting investor reactions, as empirical studies show a strong relationship between earnings estimate revisions and short-term stock price performance [3] Revenue Forecasts - Analysts estimate 'Revenues- Net investment income' at $255.45 million, down 11.9% year-over-year [5] - 'Revenues- Premiums' are projected to be $10.60 billion, reflecting an 8.6% decline from the prior year [5] - 'Revenues- Evernorth Health Services' are expected to reach $50.54 billion, showing a 9.3% increase year-over-year [5] - 'Revenues- Pharmacy' are forecasted at $45.58 billion, indicating an 8.4% increase from the previous year [6] - 'Revenues- Cigna Healthcare' are expected to be $12.16 billion, down 8.5% year-over-year [6] - 'Revenues- Fees and Other' are projected to reach $3.84 billion, reflecting a 15.6% increase year-over-year [6] - 'Revenues- Evernorth Health Services- Pharmacy' are estimated at $47.34 billion, indicating a 9.7% increase year-over-year [7] Medical Care and Customer Metrics - The 'Medical Care Ratio - Cigna Healthcare' is expected to be 82.4%, up from 79.9% in the same quarter last year [7] - 'Medical Customers - Total' is estimated at 18.33 million, down from 19.18 million in the previous year [8] - 'Medical Customers - International Health administrative services' are projected at 441.84 thousand, compared to 433 thousand last year [8] - 'Covered Lives By Funding Type - Medical Customers - International Health insured' is expected to be 1.23 million, up from 1.19 million year-over-year [9] - The estimate for 'Medical Customers - U.S. Healthcare administrative services' stands at 13.67 million, slightly up from 13.62 million last year [9] Stock Performance - Over the past month, Cigna shares have returned +1.8%, while the Zacks S&P 500 composite has returned -0.8% [9]