Cigna Reports Strong 1Q Results, Raises Outlook

• Total revenues¹ increased 9% to $11.4 billion in the first quarter
• Shareholders’ net income for the first quarter was $915 million, or $3.72 per share
• Adjusted income from operations² in the first quarter was $1.0 billion, or $4.11 per share
• Global medical customer base³ is now projected to grow in the range of 400,000 to 500,000 lives in 2018
• Adjusted income from operations^2,4,5 is now projected to grow in the range of 19% to 23%, to $3.17 billion to $3.27 billion in 2018, or $12.85 to $13.25 per share⁵

BLOOMFIELD, Conn.--(BUSINESS WIRE)-- Cigna Corporation (NYSE: CI) today reported strong first quarter 2018 results, continuing the company’s consistent track record of driving attractive revenue and earnings growth through its differentiated portfolio of businesses.

“Cigna's strong first quarter performance was driven by the continued, effective execution of our proven growth strategy, which we expect to further accelerate through our pending combination with Express Scripts,” said David M. Cordani, President and Chief Executive Officer. “We continue to deliver exceptional value for our customers and clients with market-leading solutions that provide greater affordability, personalization and predictability.”

Total revenues¹ in the quarter were $11.4 billion, an increase of 9% over first quarter 2017, led by continued strong business growth in Cigna's Commercial Healthcare and Global Supplemental Benefits segments.

For the first quarter of 2018, shareholders’ net income was $915 million, or $3.72 per share, compared with $598 million, or $2.30 per share, for the first quarter of 2017.

Cigna's adjusted income from operations² for the first quarter of 2018 was $1.0 billion, or $4.11 per share, compared with $719 million, or $2.77 per share, for the first quarter of 2017. This represents per share growth of 48% and reflects continued strong contributions from each of the company’s growth platforms.

Reconciliations of shareholders’ net income to adjusted income from operations² are provided on the following page, and on Exhibit 2 of this earnings release.

https://insurancenewsnet.com/oarticle/cigna-reports-strong-first-quarter-2018-results-raises-outlook?utm_source=Newsletter&utm_medium=email&utm_content=subscriber_id:&utm_campaign=HealthNewsletter05032018