Cigna to invest $3 billion in multi-year initiative to improve workflow

By Reuters News

Sept 30 (Reuters) - Cigna CI.N said on Wednesday it will invest $3 billion as part of a multi-year program to focus on modernizing processes and streamlining workflows, among others, with AI-enabled insights and tools to drive growth.


Here are some details:

  • The health insurer expects its adjusted earnings per share to grow 10% to 14% annually through 2030.

  • It also expects to generate about $50 billion in cash from its operations over the five-year period from 2026.

  • Cigna has been actively investing in artificial intelligence tools to identify patients with chronic conditions, an initiative that is expected to save customers $200 million in medical costs over the next three years.

  • The company reiterated its forecast for 2026, expecting annual revenue of about $280 billion and a per-share adjusted profit of at least $30.45.

  • Cigna is set to host its investor event later in the day.

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