BLOOMFIELD, Conn., Feb. 5, 2024 /PRNewswire/ -- The Cigna Group (NYSE: CI) announced today that it has commenced tender offers to purchase for cash (1) any and all of The Cigna Group's (the "Company") 3.50% Senior Notes due 2024 and Evernorth Health, Inc.'s ("Evernorth") 3.50% Senior Notes due 2024 (collectively, the "Any and All Notes," and such tender offer, the "Any and All Tender Offer") and (2) up to $1,250,000,000  aggregate principal amount (the "Maximum Tender Offer Amount") of the Company's 4.125% ...

OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has placed under review with developing implications the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “a+” (Excellent) for several of The Cigna Group’s Medicare entities, including those that focus on Medicare Advantage, Medicare Supplement, Medicare Part D and certain Cigna health maintenance organizations. Concurrently, AM Best also has placed under review with developing implications the FSRs of A (Exce ...

OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has commented that the Credit Ratings (ratings) of Health Care Service Corporation, a Mutual Legal Reserve Company (d/b/a Blue Cross Blue Shield of Illinois/Texas/New Mexico/Oklahoma/Montana) (HCSC) (headquartered in Chicago, IL) and its subsidiaries (see listing below) remain unchanged following its announcement that it has entered into a definitive agreement to acquire all of The Cigna Group’s (Cigna) (headquartered in Bloomfield, CT) [NYSE: CI] Medicare Advantage, ...

The Cigna Group (CI) reported fourth-quarter 2023 adjusted earnings per share (EPS) of $6.79, which beat the Zacks Consensus Estimate by 4.1%. The bottom line improved 36.9% year over year.Adjusted revenues of $51.2 billion advanced 4.8% year over year in the quarter under review on the back of solid contributions from Evernorth Health Services and Cigna Healthcare businesses. The top line outpaced the consensus mark by 4.8%.However, the upside was partly offset by an elevated expense level resulting from t ...

Key TakeawaysCigna beat profit and sales estimates, posted strong guidance and raised its dividend as it added pharmacy and medical plan customers.The insurer boosted its quarterly dividend by 14%.Shares of Cigna were trading at their highest level since late 2022.Shares of The Cigna Group (CI) rose to their highest level in more than a year after the health insurance company posted better-than-expected results, raised its earnings guidance and boosted its dividend as it added pharmacy and medical plan cust ...

The Cigna Group (NYSE:CI) Q4 2023 Earnings Conference Call February 2, 2024 8:30 AM ET Company Participants Ralph Giacobbe - SVP of IR David Cordani - Chairman and CEO Brian Evanko - CFO, and President and CEO, Cigna Healthcare Eric Palmer - President and CEO, Evernorth Health Services Conference Call Participants A.J. Rice - UBS Stephen Baxter - Wells Fargo Lisa Gill - JPMorgan George Hill - Deutsche Bank Josh Raskin - Nephron Research Scott Fidel - Stephens Kevin Fischbeck - Bank of America Erin Wright - ...

Cigna (CI) reported $51.15 billion in revenue for the quarter ended December 2023, representing a year-over-year increase of 11.8%. EPS of $6.79 for the same period compares to $4.96 a year ago.The reported revenue represents a surprise of +4.77% over the Zacks Consensus Estimate of $48.82 billion. With the consensus EPS estimate being $6.52, the EPS surprise was +4.14%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine thei ...

Cigna (CI) came out with quarterly earnings of $6.79 per share, beating the Zacks Consensus Estimate of $6.52 per share. This compares to earnings of $4.96 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 4.14%. A quarter ago, it was expected that this health insurer would post earnings of $6.66 per share when it actually produced earnings of $6.77, delivering a surprise of 1.65%.Over the last four quarters, the company has sur ...

Shares of Cigna Group CI, +2.12% shot up 4% toward a 13-month high in premarket trading Friday, after the health care services company reported a fourth-quarter earnings beat and raised its dividend by 14%, as pharmacy and medical customers climbed. Net income came in at $2 billion, or $3.49 a share, after $1.53 billion, or $3.91 a share, in the year-go period. Excluding nonrecurring items, adjusted earnings per share rose to $6.79 from $5.02 to beat the FactSet consensus of $6.54. Revenue grew 11.7% to $5 ...

BLOOMFIELD, Conn., Feb. 2, 2024 /PRNewswire/ -- Total revenues for 2023 were $195.3 billion Shareholders' net income for 2023 was $5.2 billion, or $17.39 per share Adjusted income from operations1 for 2023 was $7.4 billion, or $25.09 per share 2024 adjusted income from operations1,2 is projected to be at least $8.025 billion, or at least $28.25 per share2 Board of Directors declared a 14% increase in the quarterly dividend to $1.40 per share Global health company The Cigna Group (NYSE: CI) today reported ...