Shareholder Value and Financial Outlook

EXPECTED CASH FLOW GENERATION AND CAPITAL DEPLOYMENT FRAMEWORK -$50B 2022-2026 cash flow from operations -$10 B capital expenditures and surplus to fund growth -$40 B -20% dividend -10% repay debt -70% share repurchase, strategic M&A ~40% long-term target debt-to-capitalization ratio STRATEGIC M&A Strategically aligned Financially attractive High probability of closing *Dividends, debt repayment, share repurchases, and strategic M&A are subject to Board discretion. Confidential, unpublished property of Cigna. © 2023 Cigna

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