NYSE$CI

Cigna Group · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

Cigna reported strong results for the fourth quarter and full year 2022, established 2023 guidance, and increased dividends.

Cigna Corporation reported strong 2022 results, driven by growth in both Evernorth and Cigna Healthcare. The company is carrying great momentum into 2023, with a focus on innovation and growth to improve health and vitality.

  • Cigna's 2022 shareholders’ net income was $6.7 billion, or $21.30 per share, including an after-tax gain of $1.3 billion, or $4.26 per share, primarily from the Chubb transaction.
  • Adjusted income from operations for 2022 was $7.3 billion, or $23.27 per share, reflecting growth in Evernorth and Cigna Healthcare.
  • Cigna's outlook for full year 2023 adjusted revenues is projected to be at least $187.0 billion.
  • Cigna’s outlook for full year 2023 consolidated adjusted income from operations is projected to be at least $7.33 billion, or at least $24.60 per share.

Headline financials

Total Revenue

$45.7B

Previous: $45.7B+0.1%
EPS (adj)

$4.96

Previous: $4.77+4.0%
Net Income

$6.7B

Previous: $5.4B+24.1%
Operating Income

$7.3B

Previous: $7B+4.3%
Gross Profit

$0.00

Previous: $0.00
Cash & Equivalents

$5.92B

Previous: $5.08B+16.6%
Total Assets

$144B

Previous: $155B-7.1%

Revenue & EPS history

Cigna · Revenue · Quarterly

$45.7B

Q4 2022+0.1%vs Q4 2021
Beat estimate in 12 of 15 quarters(80%)
ActualEstimate

Forward guidance

Cigna's outlook for full year 2023 includes adjusted revenues projected to be at least $187.0 billion and consolidated adjusted income from operations projected to be at least $7.33 billion, or at least $24.60 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 Q4 2022

Historical avgQ4 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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