Cigna Disavows Humana Merger Amid Share Buyback Focus and Market Reactions

Cigna has officially dismissed rumors of a potential merger with Humana, firmly asserting that it is not pursuing such a strategic move[1][2]. The dismissal came ahead of investor meetings, where Cigna reiterated its adherence to merger and acquisition criteria, emphasizing strategic alignment and financial viability as primary factors[1]. Instead of pursuing a merger, Cigna is channeling its resources into shareholder returns through stock buybacks, having already completed $6 billion in buybacks this year[1][2]. The company plans to further invest in buybacks using proceeds from its Medicare business sale, underscoring a strategic focus on maximizing shareholder value over potential mergers[1].