NYSE$CI

Cigna Group · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

Cigna reported fourth quarter results in line with expectations and made investments in customers and capabilities.

Cigna Corporation reported strong 2020 results, driven by focused execution through the ongoing COVID-19 pandemic. The fourth quarter results were in line with expectations, with investments in customers, capabilities, and co-workers.

  • Cigna's fourth quarter results were in line with expectations.
  • The company continued to make investments in customers, capabilities, and co-workers.
  • Cigna covered elevated COVID-related costs.
  • Evernorth is well-positioned for sustained long-term growth.

Headline financials

Total Revenue

$41.7B

Previous: $36.5B+14.0%
EPS (adj)

$3.51

Previous: $4.31-18.6%
Net Income

$8.5B

Previous: $5.1B+66.7%
Operating Income

$6.8B

Previous: $6.5B+4.6%
Gross Profit

$0.00

Previous: $0.00
Cash & Equivalents

$10.2B

Previous: $4.62B+120.4%
Total Assets

$155B

Previous: $156B-0.2%

Revenue & EPS history

Cigna · Revenue · Quarterly

$41.7B

Q4 2020+14%vs Q4 2019
Beat estimate in 13 of 16 quarters(81%)
ActualEstimate

Forward guidance

Cigna's outlook for full year 2021 adjusted revenues is projected to be at least $165 billion and consolidated adjusted income from operations is projected to be at least $6.95 billion, or at least $20.00 per share.

Tailwinds

  • Adjusted revenues are projected to be at least $165 billion.
  • Consolidated adjusted income from operations is projected to be at least $6.95 billion.
  • Adjusted income from operations is projected to be at least $20.00 per share.
  • Outlook includes the impact of future share repurchases.
  • Outlook includes anticipated 2021 dividends.

Headwinds

  • Outlook includes approximately $1.25 per share in net unfavorable impacts of COVID-19.
  • Actual results may differ materially depending on a number of factors.
  • The Company’s outlook excludes the potential effects of any 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 Q4 2020

Historical avgQ4 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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