NYSE$CI

Cigna Group · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

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

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.

Headline financials

Total Revenue

$44B

Previous: $41B+7.4%
EPS (adj)

$6.01

Previous: $4.73+27.1%
Free Cash Flow

$1.2B

Previous: $1.17B+2.3%
Net Income

$1.2B

Previous: $1.17B+2.3%
Operating Income

$2.17B

Previous: $1.96B+10.7%
Gross Profit

$14.2B

Previous: $13.7B+3.3%
Cash & Equivalents

$4.42B

Previous: $6.51B-32.0%
Total Assets

$153B

Previous: $152B+0.3%

Revenue & EPS history

Cigna · Revenue · Quarterly

$44B

Q1 2022+7.4%vs Q1 2021
Beat estimate in 13 of 16 quarters(81%)
ActualEstimate

Forward guidance

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

Tailwinds

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

Headwinds

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

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2022

Historical avgQ1 2022

-0.9%

Avg return

Earnings day

-1.1%

Avg return

5 days after

-0.4%

Avg return

30 days after

48%

31 / 65 earnings

Positive

+8.6%

Q1 2023

Best reaction

-17.4%

Q3 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-2.5%-5.7%-5.2%
Q4 2025-0.6%-5.7%-5.2%
Q3 2025-17.4%-11.5%-7.3%
Q2 2025-10.2%-9.1%+1.0%
Q1 2025-0.5%-0.2%-5.5%
Q4 2024-6.7%-3.9%+1.8%
Q3 2024+1.2%+1.8%+8.0%
Q2 2024-3.3%-5.6%+3.8%
Q1 2024-4.4%-2.9%-3.5%
Q4 2023+4.5%+7.6%+8.3%
Q3 2023+0.4%-4.6%-13.1%
Q2 2023-4.3%-2.4%-7.6%
Q1 2023+8.6%+8.1%+5.5%
Q4 2022-4.3%-3.8%-4.8%
Q3 2022+0.4%+2.1%+2.0%
Q2 2022+3.7%+4.9%+5.9%
Q1 2022+4.4%+1.9%-0.7%
Q4 2021-3.8%+0.8%+5.0%
Q3 2021-1.9%-0.9%-8.4%
Q2 2021-9.6%-8.9%-6.3%
Q1 2021+3.9%+0.7%-1.6%
Q4 2020-7.3%-3.8%+5.1%
Q3 2020-4.3%+4.5%+3.3%
Q2 2020-5.0%-4.6%-0.4%
Q1 2020-4.5%-2.8%+0.7%
Q4 2019+1.2%+4.2%-5.3%
Q3 2019+1.7%+3.1%+13.3%
Q2 2019-3.1%-3.6%-9.4%
Q1 2019-5.7%-4.2%-8.6%
Q4 2018-3.9%-6.2%-10.8%
Q3 2018-0.3%+0.2%+4.5%
Q2 2018+3.5%+2.9%+3.0%
Q1 2018-0.7%-1.0%-0.9%
Q4 2017-1.9%-5.2%-7.3%
Q3 2017+2.1%+3.9%+5.3%
Q2 2017-0.0%+1.2%+4.0%
Q1 2017+3.2%+3.9%+4.9%
Q4 2016+1.1%+0.2%+2.9%
Q3 2016+3.2%+9.3%+13.2%
Q2 2016-6.8%-8.4%-6.1%
Q1 2016-2.6%
Q4 2015+0.4%
Q3 2015+0.4%
Q2 2015-0.9%
Q1 2015-0.9%
Q4 2014+1.5%
Q3 2014+5.9%
Q2 2014-2.9%
Q1 2014+3.3%
Q4 2013-10.1%
Q3 2013+5.0%
Q2 2013-0.7%
Q1 2013+2.7%
Q4 2012+3.8%
Q3 2012+4.1%
Q2 2012+4.6%
Q1 2012-2.8%
Q4 2011+2.9%
Q3 2011-6.0%
Q2 2011+1.8%
Q1 2011+2.4%
Q4 2010+4.3%
Q3 2010+2.0%
Q2 2010-6.3%
Q1 2010+1.6%

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