BLOOMFIELD, Conn. and NEW YORK - Cigna (NYSE:CI) Healthcare, part of The Cigna Group (NYSE: CI), has joined forces with HelloFresh (OTC:HLFFF), the global leader in meal kits, to provide discounted meal options to Cigna's clients through employer programs. This initiative aims to enhance the health and wellness of employees by facilitating access to nutritious home-cooked meals. Additionally, the collaboration will support HelloFresh's Meals with Meaning program, which donates meal kits to those facing food insecurity.
The partnership enables up to 12 million Cigna Healthcare customers to select from various HelloFresh offerings, which include e-gift cards, discounted subscriptions, and one-time box deliveries, without any obligation to purchase a minimum amount. The initiative reflects a growing recognition among business leaders of the link between employee health and business performance.
Heather Dlugolenski, U.S. commercial strategy officer at Cigna Healthcare, highlighted the importance of affordable, healthy meals in cultivating a robust workforce and making a positive impact on communities in need. HelloFresh's meal kits, which come with pre-portioned ingredients and cooking instructions, are designed to promote a healthy lifestyle.
Adam Kalikow, senior vice president & managing director at HelloFresh U.S., expressed excitement about making HelloFresh meal kits more accessible and contributing to the fight against food insecurity alongside Cigna Healthcare.
The collaboration is informed by research from The Cigna Group's 2023 Vitality in America study, which found that one in three U.S. workers experienced food insecurity in the last three months. Additionally, chronic diseases, often linked to poor diets, represent a significant portion of U.S. healthcare costs.
In December 2023, Cigna Healthcare delivered nearly 3,500 HelloFresh meals to employees of select employer clients in underserved communities as part of their health equity efforts.
This article is based on a press release statement.
InvestingPro Insights
In the wake of Cigna Healthcare's new partnership with HelloFresh, investors might be keen to understand the financial health and market position of The Cigna Group (NYSE: CI). With a robust market capitalization of 98.65 billion USD, the company stands as a significant entity in the healthcare sector. This is further reinforced by a strong revenue growth of 8.42% over the last twelve months as of Q1 2023, indicating a solid business performance.
Moreover, Cigna's commitment to shareholder returns is evident through its consistent dividend payments, having maintained them for 43 consecutive years. The dividend yield as of the latest data stands at 1.66%, coupled with a notable dividend growth of 25.0% in the last twelve months. These figures align with one of the InvestingPro Tips highlighting Cigna's three-year streak of raising dividends, underscoring the company's financial discipline and commitment to its shareholders.
From a valuation perspective, The Cigna Group's P/E ratio as of Q4 2023 is 14.6, which may appeal to value-focused investors. This attractive valuation is complemented by another InvestingPro Tip that points out the company's strong free cash flow yield, suggesting a potential for sustainable financial health and the ability to fund future growth initiatives.
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