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Earnings Summary: Cigna Group (CI) reports 14% growth in Q1 2025 revenue

by FeeOnlyNews.com
6 months ago
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Earnings Summary: Cigna Group (CI) reports 14% growth in Q1 2025 revenue
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The Cigna Group (NYSE: CI), a healthcare company focused on medical insurance and related services, reported results for the first quarter of 2025.

Total revenues increased 14% year-over-year to $65.5 billion in the first quarter of fiscal 2025, reflecting growth of existing client relationships and strong specialty pharmacy growth in Evernorth Health ServicesNet income attributable to shareholders was $1.3 billion or $4.85 per share in Q1, vs. a loss of $277 million or $0.97 per share in the same quarter of the prior yearAdjusted income from operations for the quarter was $1.8 billion or $6.74 per share, compared to $1.9 billion or $6.47 per share in Q1 2024On March 19, 2025, Cigna Group completed the divestiture of its Medicare businesses to HCSC As of May 1, 2025, the company repurchased 8.2 million shares of its stock for around $2.6 billion this yearTotal customer relationships, as of March 31, 2025, were 182.2 million. Excluding the impact of the HCSC transaction, customer relationships increased 1% from December 31, 2024



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