Summary
Cigna Corporation (CI) issued an 8-K filing on June 3, 2022, primarily to announce and affirm its 2022 financial outlook ahead of its Investor Day. The company expects to reaffirm its full-year 2022 projections for consolidated adjusted revenues of at least $177 billion and consolidated adjusted income from operations on a per share basis of at least $22.60. Additionally, Cigna anticipates long-term average annual adjusted EPS growth in the range of 10% to 13%. This outlook incorporates the expected impact of future share repurchases and anticipated 2022 dividends, and it assumes the previously announced divestiture of its international life, accident, and supplemental benefits businesses will be completed in the second quarter of 2022. The filing also provides definitions for key non-GAAP financial metrics, 'adjusted revenues' and 'adjusted income from operations,' which management uses to assess underlying business performance.
Key Highlights
- 1Reaffirmed full-year 2022 consolidated adjusted revenue outlook of at least $177 billion.
- 2Reaffirmed full-year 2022 consolidated adjusted income from operations per share outlook of at least $22.60.
- 3Projected long-term average annual adjusted EPS growth of 10% to 13%.
- 4Outlook includes expected impact of future share repurchases and anticipated 2022 dividends.
- 5Outlook assumes the divestiture of international businesses closes in Q2 2022.
- 6Cigna will host an Investor Day on June 3, 2022, with presentations available via webcast.