Dividend Power Score
A single, comprehensive score designed to measure the true strength of a company’s dividend.
This score combines three essential pillars of dividend quality:
Consistency – Measures how reliable the dividend has been over time, focusing on payment history, stability, and the absence of cuts or suspensions.
Payability – Assesses the company’s financial ability to sustain its dividend, taking into account cash flow, earnings coverage, balance sheet strength, and overall financial health.
Growth – Evaluates the long-term growth of both the dividend and the company’s share price, highlighting businesses that consistently increase payouts while creating shareholder value.
Higher scores identify companies that have historically delivered dependable income alongside sustained dividend growth and long-term capital appreciation.
Company Overview
The Cigna Group is a global health services organization operating primarily in the health insurance, pharmacy benefits management, and healthcare services industries. Through its integrated platform, the company provides medical, pharmacy, behavioral health, dental, and related services to individuals, employers, government entities, and healthcare providers. Its primary revenue drivers are employer-sponsored and government health plans, pharmacy benefit services, and care coordination solutions delivered through its services arm.
The company operates through two main businesses—Cigna Healthcare and Evernorth Health Services—which together position The Cigna Group as a vertically integrated healthcare organization focused on improving health outcomes while managing costs. Founded in 1982 through the merger of the Insurance Company of North America’s health business and Connecticut General Life Insurance Company, Cigna has evolved from a traditional insurer into a diversified health services company, notably expanding through the acquisition of Express Scripts in 2018 and rebranding as The Cigna Group in 2023 to reflect its broader scope.
Business Operations
The Cigna Group generates revenue primarily through Cigna Healthcare, which provides medical, dental, disability, life, and supplemental insurance products, and Evernorth Health Services, which delivers pharmacy benefit management, care delivery, and data-driven health services. Evernorth Health Services includes the pharmacy benefits business formerly known as Express Scripts, specialty pharmacy services, and care solutions that support both Cigna-insured and external clients.
Operations span both domestic and international markets, with the majority of revenue generated in the United States. The company controls significant healthcare infrastructure, including pharmacy distribution networks, clinical programs, and data analytics platforms. It maintains key subsidiaries such as Express Scripts Holding Company and collaborates with health systems, employers, and government agencies through long-term service agreements and strategic partnerships.
Strategic Position & Investments
Strategically, The Cigna Group focuses on integrated care delivery, affordability, and growth in health services independent of insurance underwriting. Its strategy emphasizes expanding Evernorth Health Services as a standalone growth engine by serving third-party health plans and employers, alongside disciplined growth in Cigna Healthcare through employer and government-sponsored coverage.
Major investments include continued expansion of specialty pharmacy capabilities, value-based care arrangements, and digital health technologies. The company has pursued targeted acquisitions to enhance care delivery and analytics capabilities, while divesting non-core international life and accident businesses to streamline its portfolio. Emerging areas of focus include behavioral health integration, home-based care, and advanced clinical data platforms.
Geographic Footprint
The Cigna Group is headquartered in Bloomfield, Connecticut, and operates primarily across North America, with the United States representing its largest market. Through insurance and services operations, the company serves tens of millions of customers nationwide, supported by extensive provider and pharmacy networks.
Internationally, Cigna maintains a presence in select Asia-Pacific, Europe, and Middle East markets, primarily through health benefits for expatriates and globally mobile employees. While international operations contribute a smaller share of revenue, they extend the company’s brand and service capabilities across multiple continents.
Leadership & Governance
The Cigna Group is led by an executive team with a strategic emphasis on long-term value creation, integration of services, and disciplined capital deployment. The leadership philosophy centers on improving health outcomes, affordability, and customer experience through scale and data-driven insights.
Key executives include:
- David M. Cordani – Chairman and Chief Executive Officer
- Brian J. Evanko – Chief Financial Officer
- Eric Palmer – President and Chief Executive Officer, Evernorth Health Services
The board and management team oversee governance with a focus on regulatory compliance, enterprise risk management, and alignment with shareholders and customers.