Shareholder Value and Financial Outlook
2023 FULL YEAR GUIDANCE*
EPS
REVENUE & MEDICAL
CUSTOMERS
KEY RATIOS
Adjusted EPS
At least $24.60
Adjusted revenues
At least
$187,000M
Medical care ratio
81.5% -82.5%
Total medical customer
growth
At least 1.2M
Adjusted SG&A expense
-7.3%
ratio
ADJUSTED INCOME FROM
OPERATIONS
Enterprise, after tax
At least
$7,330M
Adjusted effective tax
rate
21.0% -21.5%
CAPITAL DEPLOYMENT
Cash flow from operations
At least
$9,000M
Evernorth, pre-tax
At least
$6,400M
Cigna Healthcare,
pre-tax
Weighted average shares
outstanding
296M - 300M
At least
$4,400M
*Cigna's outlook for full year 2023 includes the expected impacts of the FASB's new accounting for Long-Duration Insurance Contracts ("LDTI") that is
required to be adopted on January 1, 2023. The adoption of LDTI is not expected to result in a material restatement of Cigna's results in prior periods.
Confidental unpublished property of igra.2028 OgnaView entire presentation