AM Best affirms Cigna's excellent credit ratings amid financial challenges
- AM Best affirmed the Financial Strength Rating and Long-Term Issuer Credit Ratings for The Cigna Group and its subsidiaries.
- Cigna's strong balance sheet strength and operating performance were key factors in maintaining these ratings.
- Expectations for continued favorable performance arise from strategic operational focuses and potential improvements from divesting the Medicare business.
In the United States, on April 8, 2025, AM Best affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICRs) of 'a+' (Excellent) for The Cigna Group and its key U.S. life/health subsidiaries, alongside Europe-based insurance companies. This rating confirmation highlights the balance sheet strength of Cigna Life & Health Group, with AM Best assessing its capital adequacy as strong. The ratings remain unaffected by any deterioration of balance sheet metrics, despite Cigna's high financial leverage and substantial goodwill related to previous acquisitions. The affirmation underscores the group’s consistent performance, bolstered by its operations at Cigna Healthcare and Evernorth Health Services.