Cigna said total revenues for Q3 2024 rose 30% to $63.7 billion. Shareholders' net income was $0.7 billion ($2.63 per share), and adjusted income from operations was $2.1 billion ($7.51 per share).

1. 01

   Cigna said total revenues for Q3 2024 rose 30% to $63.7 billion. Shareholders' net income was $0.7 billion ($2.63 per share), and adjusted income from operations was $2.1 billion ($7.51 per share).

2. 02

   The Cigna Group said its shareholders' net income for Q3 included a non-cash after-tax investment loss of $1.0 billion ($3.69 per share) related to VillageMD. It said shareholders' net income for Q3 2023 was $1.4 billion ($4.74 per share).

3. 03

   Cigna said adjusted revenues at Evernorth Health Services for Q3 rose 36% from Q3 2023, and adjusted income from operations, pre-tax, rose 9%. Adjusted revenues at Pharmacy Benefit Services rose 50%, and adjusted revenues and adjusted income from operations, pre-tax, at Specialty and Care Services rose 23% each.

4. 04

   The Cigna Group said it reaffirmed its full-year 2024 outlook for adjusted income from operations of at least $28.40 per share. It also said its Cigna Healthcare Medical Care Ratio outlook is 81.7% to 82.5%. The outlook includes the expected impact of future share repurchases and anticipated 2024 dividends.

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Original filing

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