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

Sept 30 — Cigna 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.

(Reporting ⁠by ​Christy Santhosh in Bengaluru; Editing by Shinjini ​Ganguli)

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