The Cigna Group (NYSE:CI)

$ 337.8 1.3 (0.39%) Market Cap: 93.96 Bil Enterprise Value: 120.87 Bil PE Ratio: 31.87 PB Ratio: 2.25 GF Score: 90/100

The Cigna Group at Bank of America Global Healthcare Conference Transcript

May 10, 2023 / 04:20PM GMT

Release Date Price: $263.45 (+0.25%)

Transcript 10-Q8-K

Kevin Mark Fischbeck

BofA Securities, Research Division - MD in Equity Research

Pleasure to be introducing Cigna. Cigna Group is one of the largest providers of health insurance in the U.S. and also one of the largest pharmacy benefit managers. Presenting today, we have Brian Evanko, who's the CFO of the company. I don't know, Brian, if you have anything you want to start off with before we jump into Q&A.

Brian C. Evanko

The Cigna Group - Executive VP & CFO

Yes, maybe a few things, Kevin. Thanks to you and Bank of America for hosting us here this week. We just reported our first quarter results last Friday, so not a lot of new information given it's just been a few days that transpired since then.

But our first quarter results were ahead of our expectations. We delivered $5.41 of adjusted EPS, which was better than what we had been projecting, with the upside driven by our Cigna Healthcare business in particular, which is the health plan side of the franchise. So think of roughly 40% of the company there. The favorability was in the medical

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