earnings
confidence high
sentiment positive
materiality 0.80
Cigna Q3 adj. EPS $7.51 beats $6.77 YoY; revenue up 30%; reaffirms FY24 outlook
Cigna Group
2024-Q3 EPS reported
$7.05
revenue$181,472,000,000
- Adjusted income from operations $2.1B ($7.51/share) vs $2.0B ($6.77/share) in Q3 2023; net income includes $1.0B non-cash VillageMD loss.
- Total revenues $63.7B, up 30% YoY, driven by Evernorth Health Services growth (revenues +36%).
- Evernorth adj. income pre-tax $1.876B (+9%); Cigna Healthcare adj. income pre-tax $1.174B (-4%) with MCR 82.8% vs 80.5%.
- Total customer relationships 183.5M (+12% vs Dec 2023); pharmacy customers 120M (+22%).
- Reaffirms FY2024 adjusted EPS outlook of at least $28.40; segment guidance reaffirmed.