Cigna Q3 2022 Earnings Report
Key Takeaways
Cigna Corporation reported strong third quarter results, with total revenues of $45.3 billion and adjusted revenues of $45.4 billion. Shareholders’ net income was $2.8 billion, or $8.97 per share, including an after-tax special item gain of $1.4 billion, or $4.52 per share, from the Chubb transaction. Adjusted income from operations was $1.9 billion, or $6.04 per share.
Cigna built on momentum from the first half of 2022 with strong execution in the third quarter.
The company is focused on serving customers and clients with differentiated health and well-being solutions.
Cigna is leveraging capabilities across Evernorth and Cigna Healthcare to improve affordability and patient outcomes.
Proceeds from the Chubb transaction were primarily used for share repurchase in 2022.
Cigna
Cigna
Forward Guidance
Cigna's outlook for full year 2022 adjusted revenues is projected to be at least $179 billion. Cigna’s outlook for full year 2022 consolidated adjusted income from operations is projected to be at least $7.23 billion, or at least $23.10 per share. Additionally, this outlook includes the impact of expected future share repurchases and anticipated 2022 dividends.