Cigna Group is not pursuing a combination with rival Humana, the health insurer said on Monday, days after Donald Trump's re-election as U.S. president raised investor hopes that the reported merger may pass antitrust scrutiny.

Cigna, primarily dealing with employer-sponsored healthcare plans, is in the process of selling its Medicare Advantage business, which manages government-backed health insurance for people aged 65 and older. Medicare-focused insurers such as Humana have ...

The two health insurance giants held talks about a deal last year, but Cigna walked away after the two companies failed to agree on a price.