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Mar 31, 2022

Cigna Q1 2022 Earnings Report

Cigna's first quarter performance surpassed expectations, driven by strong growth in Evernorth and Cigna Healthcare.

Key Takeaways

Cigna reported a strong first quarter in 2022, with adjusted revenues of $44 billion and adjusted EPS of $5.41. The company's performance was driven by growth in Evernorth and Cigna Healthcare. Cigna updated its 2022 adjusted income from operations outlook to at least $7.075 billion, or $22.40 per share.

Cigna reported adjusted revenues of $44 billion.

The company's adjusted EPS was $5.41.

Evernorth and Cigna Healthcare drove the company's performance.

Cigna updated its 2022 adjusted income from operations outlook to at least $7.075 billion, or $22.40 per share.

Total Revenue
$44.1B
Previous year: $41B
+7.6%
EPS
$6.01
Previous year: $4.73
+27.1%
Gross Profit
$0
0
Cash and Equivalents
$4.42B
Previous year: $6.51B
-32.0%
Total Assets
$153B
Previous year: $152B
+0.3%

Cigna

Cigna

Forward Guidance

Cigna updated its 2022 adjusted income from operations outlook to at least $7.075 billion, or $22.40 per share.

Positive Outlook

  • Adjusted income from operations outlook increased.
  • Strong performance in Evernorth.
  • Growth in Cigna Healthcare.
  • Continued focus on customer service.
  • Commitment to innovation.

Challenges Ahead

  • Uncertainty in the economic environment.
  • Potential impact of healthcare legislation.
  • Competition in the healthcare industry.
  • Fluctuations in interest rates.
  • Changes in medical costs.