NYSE$CI

Cigna Group · Q3 2023 earnings

Q3 2023 earnings · · Investor relations

Briefing

Cigna Group reported strong Q3 2023 results with revenue and earnings growth across its diversified portfolio.

The Cigna Group reported a net income of $1.4 billion, or $4.74 per share, for Q3 2023. Adjusted income from operations was $2.0 billion, or $6.77 per share, reflecting strong contributions from Evernorth Health Services and Cigna Healthcare.

  • The Cigna Group's Q3 2023 net income was $1.4 billion, or $4.74 per share.
  • Adjusted income from operations for Q3 2023 was $2.0 billion, or $6.77 per share.
  • The results reflect strong contributions from both Evernorth Health Services and Cigna Healthcare.
  • The company raised its 2023 adjusted EPS, revenue, and cash flow outlook.

Headline financials

Total Revenue

$49B

Previous: $45.3B+8.3%
EPS (adj)

$6.77

Previous: $6.04+12.1%
Free Cash Flow

$1.45B

Previous: $2.78B-47.8%
Net Income

$1.45B

Previous: $2.78B-47.8%
Operating Income

$2.24B

Previous: $2.14B+4.6%
Gross Profit

$15.4B

Previous: $13.5B+14.1%
Cash & Equivalents

$8.5B

Previous: $7.08B+20.0%
Total Assets

$150B

Previous: $144B+3.8%

Revenue & EPS history

Cigna · Revenue · Quarterly

$49B

Q3 2023+8.3%vs Q3 2022
Beat estimate in 12 of 15 quarters(80%)
ActualEstimate

Forward guidance

The Cigna Group's outlook for full year 2023 adjusted revenues increased to at least $192.0 billion. The Cigna Group’s outlook for full year 2023 consolidated adjusted income from operations is at least $7.36 billion, or at least $24.75 per share. This outlook includes the impact of expected future share repurchases and anticipated 2023 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 2023

Historical avgQ3 2023

-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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