• Cigna Group average debt/equity ratio for 2023 was 0.62, a 4.62% increase from 2022.
• Cigna Group average debt/equity ratio for 2022 was 0.65, a 1.52% decline from 2021.
• Cigna Group average debt/equity ratio for 2021 was 0.66, a 1.54% decline from 2020.

Debt/equity ratio can be defined as a measure of a company's financial leverage calculated by dividing its long-term debt by stockholders' equity.