Summary
Cigna Group (CI) filed an 8-K on May 28, 2021, to provide an update on its financial outlook for the full year 2021. The company reaffirmed its previously stated guidance for consolidated adjusted revenues and income from operations, both on a consolidated and per-share basis. Management expects adjusted revenues to be at least $166 billion and adjusted income from operations to be at least $7.0 billion, or $20.20 per share. This outlook incorporates approximately $1.25 per share in net unfavorable impacts from COVID-19 and assumes a range of 346 million to 348 million weighted average shares outstanding for the year, reflecting anticipated share repurchases and dividends. The filing also reiterates Cigna's commitment to returning capital to shareholders through dividends and share repurchases, although the timing and amounts are subject to market conditions and board approval. The company emphasizes that these projections are forward-looking and subject to various risks and uncertainties, as detailed in their SEC filings. Investors are encouraged to review Cigna's website for prior disclosures and detailed definitions of non-GAAP financial measures.
Key Highlights
- 1Cigna reaffirmed its full-year 2021 adjusted revenue projection of at least $166 billion.
- 2The company reaffirmed its full-year 2021 adjusted income from operations projection of at least $7.0 billion.
- 3Projected full-year 2021 adjusted income from operations per share was reaffirmed at a minimum of $20.20.
- 4The 2021 outlook includes an estimated $1.25 per share net unfavorable impact from COVID-19.
- 5Projected weighted average shares outstanding for 2021 are in the range of 346 million to 348 million.
- 6The company intends to pay regular quarterly dividends and continue share repurchases, subject to market conditions and board approval.