Cigna completes sale of Medicare businesses to HCSC; proceeds for buybacks

Cigna Group

Sale closed March 19, 2025; includes Medicare Advantage, Cigna Supplemental Benefits, Medicare Part D, and CareAllies.
Health Care Service Corporation (HCSC) is the buyer; deal previously announced.
Majority of proceeds expected to be allocated to share repurchases per capital deployment priorities.
Cigna will continue providing pharmacy benefits via Evernorth Health Services under services agreements with HCSC.
Coverage for customers remains unchanged; no disruption to service.

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