earnings
confidence high
sentiment positive
materiality 0.85
Cigna Q3 adj EPS $6.77, revenue $49.0B; raises FY2023 adj EPS outlook to at least $24.75
Cigna Group
2023-Q3 EPS reported
$13.89
revenue$144,151,000,000
- Q3 shareholders' net income $1.4B ($4.74/share) vs $2.8B ($8.97) a year ago; adjusted income from ops $2.0B ($6.77/share) up 8% YoY.
- Total revenues $49.0B, up 8% YoY; adjusted revenues $49.1B; Evernorth adj rev $38.6B (+8%), Cigna Healthcare adj rev $12.8B (+14%).
- FY2023 outlook raised: adjusted EPS at least $24.75 (from at least $24.70), revenue at least $192B (from $190B), cash from ops at least $10.5B (from $9.5B).
- Medical customers 19.6M, up 9% vs Dec 2022; YTD share repurchases 7.7M shares for ~$2.2B; debt-to-cap 40.5% vs 41.9% at June 30.