CIGNA INVESTOR DAY

Cash flow generation and capital deployment framework ~$50B 2021-2025 Cash flow from operations Average annual deployment to dividends, share repurchase and M&A 2021 to 2025 © 2021 Cigna ~$10B ~$40B Capital expenditures and surplus to fund growth -20% Dividend -80% Share repurchase Strategic M&A 2019 to 2020 ~$3B ~$8B ~40% Long-term target debt to capitalization ratio Cigna. 89

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