Cigna announces $3.2B accelerated share repurchase; initial delivery of ~7.6M shares

Cigna Group

Entered ASR agreements with Deutsche Bank and Bank of America to repurchase $3.2B of common stock.
Initial delivery of ~7.6 million shares on Feb 15, 2024, in exchange for $3.2B prepayment.
Part of existing repurchase program with $10.6B remaining authority; on track for $5B in H1 2024.
Final settlement expected in Q2 2024; additional shares or cash may be exchanged.
CEO David Cordani says buyback reflects business strength and commitment to shareholder value.

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