Cigna no longer in talks for merger with Humana [Video]

Cigna had previously tried to merge with Humana in 2023 but called it off in December when the two companies could not come to an agreement on price and other financial terms.

Humana has faced shaky times this year after losing nearly 40% of its value and declining enrollments of its Medicare Advantage program.

They stated a share of its customers currently enrolled in plans rated four stars or higher for 2025 are down to 25% from 94% in 2024.

According to the release, Cigna plans to have meeting with investors and analysts over the next several weeks.

“Additionally, in light of recent and persistent speculation, The Cigna Group expects to communicate that the company is not pursuing a combination with Humana Inc.,” The release said. “The Cigna Group remains committed to its established M&A criteria and would …