Cigna Q1 EPS $5.41 (adj.) on $46.5B revenue; raises FY adj. EPS outlook to at least $24.70

Cigna Group

2023-Q1 EPS reported $4.24 revenue$46,517,000,000

Shareholders' net income $1.3B ($4.24 GAAP EPS); adjusted income from ops $1.6B ($5.41), down from $1.9B in Q1 2022 primarily from divested businesses.
Total revenues $46.5B, up 6% YoY; Evernorth revenues $36.2B (+8%), Cigna Healthcare $12.7B (+12%).
2023 outlook raised: adjusted income from ops per share at least $24.70 (up $0.10), revenues at least $188B. Cigna Healthcare MCR guided 81.5%-82.3%.
Medical customers 19.5M (+8% from Dec 2022); pharmacy customers 98.7M (+5%). Debt-to-cap ratio 42.2%.
Year-to-date share repurchases of 3.7M shares for ~$1.1B.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Cigna Group reported three months ended March 31, 2023 results: revenue $46.5 billion, net income $1.3 billion, EPS $4.24 per share. Guidance raised.

Period: three months ended March 31, 2023
Revenue: $46.5 billion
Net income: $1.3 billion
EPS: $4.24 per share
Guidance: raised
Result: reported results

Exact text from the filing

The Cigna Group Reports Strong First Quarter 2023 Results, Raises 2023 Outlook • Total revenues in the first quarter were $46.5 billion • Shareholders’ net income for the first quarter was $1.3 billion, or $4.24 per share

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Source: SEC EDGAR

accession 0000950159-23-000159

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