The company said Evernorth Health Services' adjusted revenues rose 30% and 29% for the 3-month and 6-month periods, respectively. It cited higher claims volume driven by new clients, including Centene, and organic growth.

1. 01

   The company said Evernorth Health Services' adjusted revenues rose 30% and 29% for the 3-month and 6-month periods, respectively. It cited higher claims volume driven by new clients, including Centene, and organic growth.

2. 02

   The company said the medical care ratio for Cigna Healthcare rose 110 basis points for the 3 months ended June 30, 2024. It cited business mix and unfavorable revenue adjustments related to prior years as factors.

3. 03

   The company said it repurchased 14.7 million shares for about $5.0 billion in the 6 months ended June 30, 2024. It also said the $3.2 billion accelerated share repurchase agreements it entered into in February 2024 were finally settled in May.

4. 04

   The company said that as of June 30, 2024 it had $6.5 billion of undrawn committed capacity under its revolving credit agreements, $4.2 billion of remaining capacity under its commercial paper program, and $7.0 billion in cash and short-term investments.

Key figures

Quarter ended June 30, 2024

Revenue

$60.5B

Operating income

$2.4B

Net income

$1.6B

EPS

$5.45

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.