NYSE$CI

Cigna Group · Q3 2020 earnings

Q3 2020 earnings · · Investor relations

Briefing

Cigna reported a solid third quarter performance driven by Evernorth, launched Evernorth, delivered revenue growth and strong earnings, improved capital position and drove strategic flexibility.

Cigna Corporation reported solid third quarter 2020 performance, with total revenues of $41.0 billion. Shareholders’ net income for third quarter 2020 was $1.4 billion, or $3.78 per share, and Cigna's adjusted income from operations for third quarter 2020 was $1.6 billion, or $4.41 per share.

  • Delivered attractive revenue growth and strong earnings.
  • Improved capital position, driving strategic flexibility.
  • Launched Evernorth to accelerate strategy and broaden reach.
  • Expanded opportunities for growth, further enhancing the value delivered to the marketplace.

Headline financials

Total Revenue

$41B

Previous: $38.6B+6.2%
EPS (adj)

$4.41

Previous: $4.54-2.9%
Free Cash Flow

$1.4B

Previous: $614M+127.7%
Net Income

$1.4B

Previous: $1.35B+3.2%
Operating Income

$2.11B

Previous: $2.12B-0.7%
Gross Profit

$14.3B

Previous: $14B+2.3%
Cash & Equivalents

$5.34B

Previous: $4.58B+16.8%
Total Assets

$160B

Previous: $155B+3.4%

Revenue & EPS history

Cigna · Revenue · Quarterly

$41B

Q3 2020+6.2%vs Q3 2019
Beat estimate in 13 of 16 quarters(81%)
ActualEstimate

Forward guidance

Cigna's outlook for full year 2020 adjusted revenues is approximately $158 billion. Cigna’s outlook for full year 2020 consolidated adjusted income from operations on a per share basis is in the range of $18.30 to $18.60 per share. Cigna’s outlook excludes potential effects of any future share repurchase.

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 Q3 2020

Historical avgQ3 2020

-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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