CIGNA GROUP Reports 7.1% Increase in Total Revenue for Q2 2023

August 23, 2023

☀️Earnings Overview

At the end of June 30, 2023, CIGNA GROUP ($NYSE:CI) reported total revenue of USD 48.6 billion, a 7.1% increase compared to the previous quarter of June 30, 2022. However, their net income for this period was USD 1.5 billion, a 6.4% decrease year over year.


GoodWhale has conducted a thorough analysis of CIGNA GROUP‘s wellbeing and presented the results in a Risk Rating report. After analyzing financial and business aspects, the report concluded that CIGNA GROUP is a medium risk investment. Although the risk of investing in CIGNA GROUP is not considered too high, GoodWhale detected one risk warning in its balance sheet. To learn more about the details of the risk warning, users are encouraged to register on the GoodWhale website. With the help of GoodWhale’s detailed analysis and risk warnings, users have the necessary information to make informed decisions when considering investing in CIGNA GROUP. More…

  • Risk Rating Analysis
  • Star Chart Analysis
  • Valuation Analysis
  • About the Company

  • Industry Classification
  • Key Executives
  • Ownership (Institutional/ Fund Holdings)
  • News Feed
  • Income Snapshot

    Below shows the total revenue, net income and net margin for Cigna Group. More…

    Total Revenues Net Income Net Margin
    186k 6.64k 2.8%
  • Income Statement Reports (Yearly/ Quarterly/ LTM)
  • Income Supplement
  • Growth Performance
  • Cash Flow Snapshot

    Below shows the cash from operations, investing and financing for Cigna Group. More…

    Operations Investing Financing
    12.9k 433 -8.62k
  • Cash Flow Statement (Yearly/ Quarterly/ LTM)
  • Cash Flow Supplement
  • Balance Sheet Snapshot

    Below shows the total assets, liabilities and book value per share for Cigna Group. More…

    Total Assets Total Liabilities Book Value Per Share
    150.05k 104.53k 153.69
  • Balance Sheet (Yearly/ Quarterly)
  • Balance Sheet Supplement
  • Key Ratios Snapshot

    Some of the financial key ratios for Cigna Group are shown below. More…

    3Y Rev Growth 3Y Operating Profit Growth Operating Margin
    6.3% 5.2%
    FCF Margin ROE ROA
    6.1% 13.4% 4.0%
  • Income Statement Ratios
  • Balance Sheet Ratios
  • Cash Flow Ratios
  • Valuation Ratios
  • Other Ratios
  • Other Supplementary Items

  • Peers

    Cigna Corp is a large health insurance company that provides a variety of health insurance products and services to its customers. The company competes with other health insurance companies, such as Oscar Health Inc, Humana Inc, and Molina Healthcare Inc.

    – Oscar Health Inc ($NYSE:OSCR)

    Oscar Health Inc is a health insurance company that offers individual and family plans on and off the health insurance exchanges. The company was founded in 2012 and is headquartered in New York City. As of 2022, Oscar Health Inc has a market cap of 787.25M and a Return on Equity of -28.44%. The company offers a wide variety of health insurance plans, including HMOs, PPOs, and EPOs. Oscar also offers a wide range of ancillary products, such as dental, vision, and life insurance.

    – Humana Inc ($NYSE:HUM)

    Humana Inc has a market cap of 63.12B as of 2022, a Return on Equity of 17.4%. The company operates in the healthcare sector and is one of the largest healthcare insurance companies in the United States. Humana offers a wide range of health insurance products and services to individuals, families, and businesses. The company has a strong focus on providing quality healthcare and improving the health and well-being of its members. Humana’s mission is to help people achieve their best health and to make healthcare more affordable and accessible. The company’s competitive advantages include its size, scale, geographic reach, and diversified product portfolio. Humana is well-positioned to continue its growth and to help its members live healthier lives.

    – Molina Healthcare Inc ($NYSE:MOH)

    Molina Healthcare Inc is a healthcare company that provides Medicaid-related solutions for low-income families and individuals. As of 2022, it has a market capitalization of 20.48 billion dollars and a return on equity of 24.89%. The company has a long history of providing quality healthcare services to its customers and is dedicated to improving the lives of its clients. It is headquartered in Long Beach, California.


    CIGNA GROUP‘s revenue for the quarter ending June 30, 2023 was USD 48.6 billion – a 7.1% increase from the same period last year.

    However, their net income decreased by 6.4%, amounting to USD 1.5 billion. The stock price dropped after the release of the earnings report. Investing in CIGNA GROUP may bring some risk as their profits are not growing at the same rate as their revenue, meaning that their bottom line may be affected due to inefficiencies in operations and other factors. Investors should analyze the finer details of the company’s financials before making a decision to invest.

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