Summary
This 8-K filing from Cigna Group (CI), dated February 27, 2023, serves to reaffirm the company's previously issued full-year 2023 outlook. Specifically, Cigna Group officials expect to achieve consolidated adjusted income from operations on a per share basis of at least $24.60 for the fiscal year 2023. This affirmation comes as the company's officials are scheduled to participate in meetings with investors and analysts in the coming weeks. Investors should note that this filing reiterates guidance provided on February 3, 2023, and further details on the outlook and its components are available on Cigna Group's investor relations website. The company also provides its definition of "adjusted income from operations" as a key profitability metric, while cautioning that it is a non-GAAP measure and reconciliation to GAAP may not be available for forward-looking estimates due to inherent uncertainties in predicting certain financial components.
Key Highlights
- 1Cigna Group reaffirms its full-year 2023 outlook for consolidated adjusted income from operations per share of at least $24.60.
- 2The affirmation is made in anticipation of upcoming meetings with investors and analysts.
- 3The company's management uses 'adjusted income from operations' as a key measure of profitability, excluding certain items like realized investment results and special items.
- 4Reconciliation of forward-looking adjusted income from operations to GAAP measures (like net income) is not provided due to the inability to predict certain variable components.
- 5The 8-K filing clarifies that this information is provided under Regulation FD Disclosure and is not deemed 'filed' for purposes of Section 18 of the Exchange Act unless expressly incorporated by reference.
- 6The filing includes standard forward-looking statement disclaimers, outlining risks and uncertainties that could impact actual results.