NYSE$CI

Cigna Group · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

Reported strong results driven by growth in Evernorth and Cigna Healthcare.

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.

Headline financials

Total Revenue

$45.3B

Previous: $44.3B+2.2%
EPS (adj)

$6.04

Previous: $5.73+5.4%
Free Cash Flow

$2.78B

Previous: $1.64B+69.9%
Net Income

$2.78B

Previous: $1.64B+69.9%
Operating Income

$2.14B

Previous: $2.29B-6.7%
Gross Profit

$13.5B

Previous: $14.2B-5.0%
Cash & Equivalents

$7.08B

Previous: $3.48B+103.2%
Total Assets

$144B

Previous: $154B-6.5%

Revenue & EPS history

Cigna · Revenue · Quarterly

$45.3B

Q3 2022+2.2%vs Q3 2021
Beat estimate in 12 of 15 quarters(80%)
ActualEstimate

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.

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 2022

Historical avgQ3 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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