Cigna Group
For the period ended Sep 30, 2024. Filed Oct 31, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Oct 31, 2024
Extracted filing text, with the paragraph anchors used by the comparison.
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Corporate
Corporate reflects amounts not allocated to operating segments, including net interest expense (defined as interest on corporate financing less net investment income on investments not supporting segment and other operations), certain litigation matters, expense associated with our frozen pension plans, charitable contributions, operating severance, certain overhead and enterprise-wide project costs and eliminations for products and services sold between segments.
| Financial Summary | ||||||||
|---|---|---|---|---|---|---|---|---|
| Three Months Ended September 30, · Change · Nine Months EndedSeptember 30, · Change | ||||||||
| (In millions) · 2024 · 2023 · 2024 · 2023 | ||||||||
| Pre-tax adjusted loss from operations | $(425) | $(435) | (2) | % | $(1,269) | $(1,272) | — | % |
Commentary regarding bps represents the driver's impact on overall category.
Pre-tax adjusted loss from operations decreased for both periods primarily due to lower operating and pension costs (-800 bps for both periods), partially offset by higher interest rates on our indebtedness (+600 bps for both periods).
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