NYSE$CI
Cigna Group · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
The Cigna Group reported strong results for Q3 2024, driven by focused execution across Evernorth Health Services and Cigna Healthcare.
The Cigna Group reported a 30% increase in total revenues, reaching $63.7 billion. Adjusted income from operations increased by 5% to $2.1 billion, driven by strong contributions from Evernorth Health Services. The company reaffirmed its 2024 adjusted EPS outlook of at least $28.40.
- Total revenues for Q3 2024 increased 30% to $63.7 billion.
- Shareholders’ net income for Q3 2024 was $0.7 billion, or $2.63 per share.
- Adjusted income from operations for Q3 2024 was $2.1 billion, or $7.51 per share.
- The company reaffirms its 2024 outlook for adjusted income from operations of at least $28.40 per share.
Headline financials
Revenue & EPS history
Cigna · Revenue · Quarterly
$63.7B
Forward guidance
The Cigna Group’s outlook for full year 2024 consolidated adjusted income from operations is at least $28.40 per share. This outlook includes the impact of expected future share repurchases and anticipated 2024 dividends.
Tailwinds
- Adjusted Income from Operations, per share at least $28.40
- Evernorth Adjusted Income from Operations, Pre-Tax at least $7,000 million
- Cigna Healthcare Adjusted Income from Operations, Pre-Tax at least $4,775 million
- Cigna Healthcare Medical Care Ratio 81.7% to 82.5%
- Includes the impact of expected future share repurchases and anticipated 2024 dividends.
Headwinds
- Actual results may differ materially depending on a number of factors.
- Management does not assume any obligation to update these estimates.
- The Company’s outlook excludes the potential effects of any other business combinations that may occur after the date of this earnings release.
- The timing and actual number of shares repurchased will depend on a variety of factors, including price, general business and market conditions, and alternate uses of capital.
- The program may be suspended or discontinued at any time.
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 2024
-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
| Quarter | Report date | Reaction (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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