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Cigna beats top-line and bottom-line estimates; initiates FY24 outlook

(dollars in millions, except where noted and per share amounts)

2024 Consolidated Metrics

Projection for Full Year Ending

December 31, 2024

Adjusted Revenues

at least $235,000

Adjusted Income from Operations

at least $8,025

Adjusted Income from Operations, per share

at least $28.25

Adjusted SG&A Expense Ratio

~6.1%

Adjusted Effective Tax Rate

20.5% to 21.0%

Cash Flow from Operations

at least $11,000

Capital Expenditures

~$1,500

Shareholder Dividends

~$1,550

Weighted Average Shares Outstanding (millions)

282 to 286

2024 Evernorth Metrics

Adjusted Income from Operations, Pre-Tax

at least $7,000

2024 Cigna Healthcare Metrics

Adjusted Income from Operations, Pre-Tax1,2

at least $4,750

Medical Care Ratio

81.7% to 82.7%

Total Medical Customers

~19.3M

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