---
schema_version: "secwatch.filing_event.v1"
accession: "0000950159-23-000317"
form_type: "8-K"
ticker: "CI"
cik: "0001739940"
company_name: "Cigna Group"
filed_at: "2023-12-11T23:59:59+00:00"
generated_at: "2026-06-07T14:58:11.235630+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Cigna increases share repurchase authorization by $10B to $11.3B; plans $5B buyback by H1 2024

## Summary
- Board approved $10B increase to share repurchase authorization; total authority now $11.3B.
- Company intends to repurchase at least $5B of common stock by end of first half of 2024.
- Portion of repurchase to be executed via accelerated share repurchase (ASR) program in Q1 2024.
- Management believes shares are significantly undervalued; reaffirms FY2023 adjusted EPS outlook of at least $24.75.
- Targets FY2024 consolidated adjusted EPS of at least $28.00; long-term adjusted EPS growth target of 10-13%.

## SEC filing metadata
- accession: 0000950159-23-000317
- form_type: 8-K
- ticker: CI
- cik: 0001739940
- company_name: Cigna Group
- filed_at: 2023-12-11T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1739940/000095015923000317/0000950159-23-000317-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1739940/000095015923000317/cigna8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950159-23-000317
- JSON: https://secwatch.observer/filing/0000950159-23-000317.json
- Plain text: https://secwatch.observer/filing/0000950159-23-000317.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.