Cigna Corp (CI)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 5,164,000 | 6,668,000 | 5,365,000 | 8,458,000 | 5,104,000 |
| Revenue | US$ in thousands | 195,265,000 | 180,518,000 | 174,078,000 | 160,401,000 | 153,566,000 |
| Net profit margin | 2.64% | 3.69% | 3.08% | 5.27% | 3.32% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $5,164,000K ÷ $195,265,000K
= 2.64%
Net profit margin reflects the percentage of revenue that translates into profit after all expenses have been deducted. Analysis of Cigna Group's net profit margin over the past five years indicates some fluctuations. The company experienced a significant decline in net profit margin from 5.27% in 2020 to 2.64% in 2023. This decrease suggests a potential decrease in profitability or an increase in expenses relative to revenue. While the net profit margin improved in 2022 compared to 2021, the downward trend in 2023 raises concerns about the company's ability to efficiently convert revenue into profit. Further analysis of the underlying factors affecting Cigna Group's profitability is warranted to understand the reasons behind these fluctuations and to identify potential areas for improvement.
Peer comparison
Dec 31, 2023