Cigna Q2 adjusted EPS $6.13, revenue up 7% to $48.6B; raises FY revenue guidance

Cigna Group

2023-Q2 EPS reported $9.15 revenue$95,103,000,000

Adjusted income from operations $1.82B ($6.13/share) vs $1.97B ($6.20) YoY, reflecting absence of divested businesses.
Total revenue $48.6B (+7% YoY) driven by Evernorth and Cigna Healthcare growth.
FY 2023 adjusted revenue outlook raised to at least $190B (+$2B); adjusted EPS reaffirmed at least $24.70.
Total medical customers reached 19.5M (+1.5M or +8% from Dec 2022), driven by U.S. Commercial and Medicare Advantage.
FY 2023 cash flow from operations outlook raised to at least $9.5B (+$500M).

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Cigna Group reported the three months ended June 30, 2023 results: revenue $48.6 billion, net income $1.5 billion, or $4.92 per share. Guidance reaffirmed.

Period: the three months ended June 30, 2023
Revenue: $48.6 billion
Net income: $1.5 billion, or $4.92 per share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

The Cigna Group Reports Strong Second Quarter 2023 Results • Total revenues in the second quarter were $48.6 billion • Shareholders’ net income for the second quarter was $1.5 billion, or $4.92 per share • Adjusted income from operations 1 for the second quarter was $1.8 billion, or $6.13 per share • 2023 outlook 2 for adjusted income from operations 1,2 is at least $24.70 per share

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Source: SEC EDGAR

accession 0000950159-23-000227

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