What is Cigna's projected earnings per share (EPS) for 2021 and 2022?

Cigna expects to achieve at least $20.20 in consolidated adjusted income from operations on a per-share basis for the full year 2021. For the full year 2022, the company projects at least 10% year-over-year growth in consolidated adjusted income from operations on a per-share basis.

What is "Adjusted Income from Operations" and why is it important?

Adjusted Income from Operations is a key financial measure used by Cigna's management to assess the underlying performance of its businesses. It excludes items such as net realized investment results, amortization of acquired intangible assets, and special items, which are considered not representative of ongoing operations. This allows for a clearer view of operational trends.

Will Cigna continue to pay dividends and repurchase shares?

Yes, Cigna currently intends to pay regular quarterly dividends and continues to have an active share repurchase program. However, future dividend declarations are subject to Board of Directors' approval and determination of business interests, while the timing and number of shares repurchased will depend on market conditions, business needs, and other factors. The share repurchase program may be suspended or discontinued at any time.

Where can I find more information about these projections and Cigna's financial outlook?

The projected outlook and detailed information were previously discussed in Cigna's press release and investor presentation dated August 5, 2021. The press release, presentation, and conference call transcript are available in the Investor Relations section of Cigna's website at www.cigna.com.

CI 8-K: Regulation FD — Sep 2, 2021

Summary

This 8-K filing from Cigna Group (CI), filed on September 2, 2021, primarily serves to reaffirm the company's financial outlook for the upcoming years. Cigna officials indicated that they expect to confirm their full-year 2021 consolidated adjusted income from operations on a per-share basis of at least $20.20. Furthermore, the company projected robust growth for full-year 2022, anticipating at least a 10% year-over-year increase in consolidated adjusted income from operations on a per-share basis. These projections were previously communicated in an August 5, 2021 press release and investor presentation. The filing also provides a definition of "Adjusted Income from Operations," a key non-GAAP financial metric used by Cigna's management to assess the underlying business performance, excluding items like investment gains/losses and special items. While the company did not provide reconciliations for future periods due to the unpredictable nature of certain excluded items, it highlighted its commitment to returning capital to shareholders through regular quarterly dividends and an ongoing share repurchase program, though specific details on future dividends and repurchases are subject to market conditions and board approval.

Key Highlights

1Cigna reaffirms projected full-year 2021 consolidated adjusted income from operations per share of at least $20.20.
2Company projects at least 10% year-over-year growth in consolidated adjusted income from operations per share for full-year 2022.
3These financial outlooks were previously disclosed on August 5, 2021.
4Filing clarifies the definition and use of "Adjusted Income from Operations" as a key non-GAAP profitability metric.
5Management cannot provide forward-looking GAAP reconciliations for Adjusted Income from Operations due to unpredictability of certain excluded items.
6Cigna intends to pay regular quarterly dividends, subject to board approval and business conditions.
7Share repurchase program remains active, with timing and execution dependent on various market factors and capital allocation decisions.

Cigna Group 8-K Report, Regulation FD Disclosure (Sep 2, 2021)

Summary

Key Highlights

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