Cigna Corp. (NYSE: CI) reported Q1 EPS of $4.73, $0.35 better than the analyst estimate of $4.38. Revenue for the quarter came in at $40.97 billion versus the consensus estimate of $40.24 billion.

• Total revenues in the first quarter were $41.0 billion, and adjusted revenues1 were $41.0 billion
• Shareholders' net income for the first quarter was $1.2 billion, or $3.30 per share
• Adjusted income from operations2 for the first quarter was $1.7 billion, or $4.73 per share
• Adjusted income from operations2,3 is now projected to be at least $7.0 billion in 2021, or at least $20.20 per share3

"Cigna remains dedicated to supporting our customers, clients, and communities through the disruption of the COVID-19 pandemic, while also delivering strong financial results, as demonstrated through our first quarter performance," said David M. Cordani, President and Chief Executive Officer. "As we continue to execute against our three-pronged growth framework – delivering differentiated value, partnering and innovating, and expanding our addressable markets – we are well positioned to meet the most pressing needs of those we serve as we make health care more affordable, predictable, and simple, even in a dynamic environment."

GUIDANCE:

Cigna Corp. sees FY2021 EPS of $20.20, versus the consensus of $20.26. Cigna Corp. sees FY2021 revenue of $166 billion, versus the consensus of $165.76 billion.

Cigna's outlook for full year 2021 adjusted revenues1,3 is projected to be at least $166 billion. Cigna's outlook for full year 2021 consolidated adjusted income from operations2,3 is at least $7.0 billion, or at least $20.20 per share. This outlook includes approximately $1.25 per share in net unfavorable impacts of COVID-19. Additionally, this outlook includes the impact of expected future share repurchases and anticipated 2021 dividends.

For earnings history and earnings-related data on Cigna Corp. (CI) click here.