CI resorts to acquisitions in order to bolster its suite of solutions and capabilities as well as step into newer geographies and solidify its presence in existing markets. It has divested its non-health units in order to intensify its focus on its two growth platforms exhibiting solid potential. Divestitures were also a way for Cigna to bring down the mounting debt burden and its efforts have bore fruits as long-term debt witnessed a 9.7% year-over-year downfall as of Dec 31, 2022. A growing cash balance and robust cash-generating abilities will continue to empower Cigna in undertaking business growth investments and prudently deploying capital via share repurchases and dividend payments. In Feb 2023, management approved a 10% hike in the quarterly dividend. Its dividend yield of 1.9% is higher than the industry's average of 1.2%.