Cigna Group Stock Price, News & Analysis

Cigna Corporation (NYSE: CI) reported strong Q3 2022 results with total revenues of $45.3 billion and net income of $2.8 billion, or $8.97 per share. Adjusted income from operations stood at $1.9 billion, or $6.04 per share, reflecting growth in both Evernorth and Cigna Healthcare. The company forecasts 2022 adjusted revenues to exceed $179 billion and adjusted income from operations at least $7.23 billion. Cigna's total customer relationships reached 192.5 million, a 4% increase year-to-date.

Cigna is expanding its Medicare Advantage offerings in western Pennsylvania, introducing $0 premium plans across 11 counties, effective January 1, 2023. This expansion is part of the Annual Election Period, which runs from October 15 to December 7, allowing eligible individuals to choose from various plans tailored to different health needs and budgets. Notable benefits include hearing, vision, and dental coverage, and a valuable meal delivery service post-hospital discharge. This marks Cigna’s first major entry into this region.

Cigna (NYSE: CI) is expanding its health plan offerings for Indiana residents, providing affordable coverage options in eight counties starting from the 2023 Open Enrollment Period, which begins on Nov. 1, 2022. The plans include features such as $0 deductibles, virtual primary care through MDLIVE, and cost-effective prescription drug options. Cigna will also host a health improvement event at the Indianapolis Zoo on Nov. 12, offering free biometric screenings and health coaching. The initiative aims to enhance access to healthcare in Indiana, promoting community health and wellness.

Cigna is expanding its Medicare Advantage (MA) offerings to southwest Ohio and northern Kentucky, introducing plans with $0 premiums and enhanced benefits. This expansion, available to Medicare-eligible customers during the Annual Election Period from Oct. 15 to Dec. 7, will take effect on Jan. 1, 2023. New counties included are Brown, Clermont, and others in Ohio, as well as several in Kentucky. Plans feature services such as dental, vision, fitness benefits, and transportation, catering to diverse needs and budgets.

Cigna is expanding its Medicare Advantage presence in the Cleveland area, launching several new plans for Medicare-eligible customers during the Annual Election Period from Oct. 15 to Dec. 7. Plans feature $0 premiums and benefits like dental, vision, and financial wellness incentives. New offerings include various Medicare Advantage plans available in Mahoning, Portage, Stark, and Trumbull counties, effective Jan. 1, 2023. Cigna aims to enhance access to affordable healthcare, catering to diverse lifestyles and budgets, including options for individuals eligible for both Medicare and Medicaid.

The Board of Directors of Cigna Corporation has declared a cash dividend of $1.12 per share, payable on December 21, 2022. Shareholders of record as of the close of business on December 6, 2022 will be eligible. This decision reflects Cigna's commitment to returning value to its shareholders while ensuring continued investment in health services. Cigna operates globally, delivering health solutions to over 190 million customers, fundamentally aiming to enhance their health and well-being.

Cigna is launching Medicare Advantage plans for the first time in New York, including New York City's five boroughs. These plans, available during the Annual Election Period from Oct. 15 to Dec. 7, will take effect on Jan. 1, 2023. Notably, they include $0 premium options and added benefits like dental allowances, caregiver support, and fitness benefits. The plans will be offered in 10 counties, including Bronx and Queens, providing members with flexibility through PPO plans. Cigna aims to enhance healthcare access and services for Medicare-eligible customers.

Cigna is expanding its Medicare Advantage plans in the Miami area, introducing options in Broward and Palm Beach counties for the first time. The plans, featuring $0 premiums, will be available to Medicare-eligible customers starting January 1, 2023, during the Annual Election Period from October 15 to December 7, 2022. Key benefits include $0 copays for primary care visits, dental allowances, and meal delivery after hospital discharge. Cigna aims to offer more affordable healthcare choices to Floridians, emphasizing its trusted provider networks.

Cigna Corporation introduced the Evernorth Vitality Index, a new tool designed to measure health and vitality for personal, business, and community impact. The index derives insights from a study involving over 10,000 American adults, revealing that less than 20% of Americans maintain high vitality levels, with Generation Z showing the lowest levels. Cigna also announced a $1 million partnership with YMCA of the USA to enhance community vitality through programming in five cities. The initiative aims to improve health, workforce retention, and productivity in a post-pandemic recovery.