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CIGNA CORPORATION

(CI)
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Cigna 2Q Revenue Rises, Earnings Beat as Markets Normalize

08/05/2021 | 04:29am EDT

By Matt Grossman

Cigna Corp. on Thursday posted higher second-quarter sales year over year and better-than-expected adjusted earnings as business improved in its health-services and insurance businesses.

The Bloomfield, Conn.-based healthcare company posted shareholders' net income of $4.25 a share, compared with $4.73 a share in the same three-month period a year earlier. Total shareholders' net income was $1.47 billion, compared with $1.75 billion in 2020's second quarter.

Stripping out one-time items, Cigna's adjusted income was $5.24 a share. Analysts had forecast adjusted earnings of $4.96 a share, according to FactSet.

Revenue was $43.13 billion, a rise from $39.27 billion 12 months earlier. Analysts were expecting revenue of $41.19 billion.

Revenue in the Evernorth segment, which covers pharmacy services, benefits management, care solutions and data and analytics, rose by 14% on an adjusted basis, in part because prescriptions recovered compared with the earlier stages of the pandemic.

Revenue from the U.S. medical segment was up by 13% on an adjusted basis amid customer growth and higher premiums.

Write to Matt Grossman at matt.grossman@wsj.com

(END) Dow Jones Newswires

08-05-21 0629ET

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Analyst Recommendations on CIGNA CORPORATION
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Financials (USD)
Sales 2021 170 B - -
Net income 2021 5 358 M - -
Net Debt 2021 26 966 M - -
P/E ratio 2021 13,0x
Yield 2021 1,98%
Capitalization 68 834 M 68 834 M -
EV / Sales 2021 0,56x
EV / Sales 2022 0,51x
Nbr of Employees 72 963
Free-Float 85,4%
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Technical analysis trends CIGNA CORPORATION
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Mean consensus OUTPERFORM
Number of Analysts 23
Last Close Price 202,39 $
Average target price 264,48 $
Spread / Average Target 30,7%
EPS Revisions
Managers and Directors
David Michael Cordani President, Chief Executive Officer & Director
Brian C. Evanko Chief Financial Officer & Executive Vice President
Isaiah Harris Independent Chairman
Steven B. Miller Chief Clinical Officer & Executive Vice President
Noelle K. Eder Global Chief Information Officer & Executive VP
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