The Cigna Group said full-year 2024 total revenues increased 27% to $247.1 billion, shareholders' net income was $3.4 billion, or $12.12 per share, and adjusted income from operations was $7.7 billion, or $27.33 per share.

1. 01

   The Cigna Group said full-year 2024 total revenues increased 27% to $247.1 billion, shareholders' net income was $3.4 billion, or $12.12 per share, and adjusted income from operations was $7.7 billion, or $27.33 per share.

2. 02

   The company said 2024 shareholders' net income included a non-cash after-tax investment loss of $2.7 billion, or $9.53 per share, related to the impairment of VillageMD equity securities. 2023 net income was $5.2 billion, or $17.39 per share.

3. 03

   The company said Cigna Healthcare's adjusted income from operations, pre-tax, for Q4 2024 decreased 47% to $511 million, and the medical care ratio was 87.9% for Q4 2023 compared with 82.2%. It cited higher stop loss medical costs as a factor in the increase in the medical care ratio.

4. 04

   The company said 2025 adjusted income from operations is at least $7,900 million, or at least $29.50 per share. The Board of Directors declared an increase in the quarterly dividend to $1.51 per share of 8% and approved an increase of $6.0 billion in incremental share repurchase authorization, bringing total authorization to $10.3 billion.

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Original filing

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