The Cigna Group · NYSE:CI
The Cigna — Cigna — Investor Day (March 2021)
9 slides from The Cigna's investor day presentation, Mar 8, 2021
Slide 1: Cigna Financial Snapshot | March 8, 2021
CIGNA FINANCIAL SNAPSHOT | MARCH 8, 2021 1
Slide 2: Forward-looking statements
Forward-looking statements CAUTIONARY STATEMENT FOR PURPOSES OF THE “SAFE HARBOR” PROVISIONS OF THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995 This presentation, the Investor Day webcast of Cigna Corporation (“Cigna” or the “Company”) and oral statements made with respect to information contai
Slide 3: Non-GAAP measures and other key financial information
Non-GAAP measures and other key financial information NON-GAAP MEASURES AND OTHER KEY FINANCIAL INFORMATION Throughout the webcast, the term “earnings” means adjusted income (loss) from operations, “earnings per share” or “EPS” means adjusted income (loss) from operations on a diluted per share basi
Slide 4: 2021 outlook
2021 outlook $1.25 EPS COVID-19 impact at least $165B Adjusted revenues ~50% Medical care ratio at least $6.95B within U.S. Medical Adjusted earnings1 35%-40% at least $20.00 Lower customer volumes Adjusted EPS1 10%-15% Smaller impacts across our platform © 2021 Cigna 1Includes $1.25 EPS COVID-19-re
Slide 5: 2021 outlook
2021 outlook Adjusted EPS Additional Metrics Key Ratios Adjusted Revenues: at least $165B Medical Care Ratio: 81% to 82% Total Medical Customer Growth: at least $20.00 at least 325,000 customers SG&A expense ratio: 7.5% to 8.0% 2021 Adjusted Pharmacy Scripts: Adjusted tax rate: 22.5% to 23.5% at lea
Slide 6: Strong long-term shareholder value
Strong long-term shareholder value 6%–8% 4%–5% 10%–13% Long-term average annual adjusted earnings growth + Long-term average annual contribution from accretive = Long-term average annual adjusted EPS growth capital deployment Meaningful dividend – current ~2% yield © 2021 Cigna 6
Slide 7: Appendix: Definitions of Key Financial and Business Terms
Appendix Definitions of Key Financial and Business Terms Adjusted margin, pre-tax, is calculated by dividing adjusted income (loss) from operations, pre-tax by adjusted revenues for each segment. Adjusted margin, after-tax, is calculated by dividing consolidated adjusted income (loss) from operation
Slide 8: Appendix: Definitions of Key Financial and Business Terms
Appendix Definitions of Key Financial and Business Terms Market Segments are defined as follows: U.S. Commercial comprises employers from the following market segments: • National. Multistate employers with 5,000 or more U.S.-based, full-time employees. • Middle Market. Employers generally with 500
Slide 9: Reconciliation of GAAP to non-GAAP financial measures
Reconciliation of GAAP to non-GAAP financial measures Diluted Earnings per share Year Ended December 31, 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 Shareholders’ net income (loss) $22.96 $13.44 $10.54 $ 8.77 $ 7.19 $ 8.04 $ 7.83 $ 5.18 $ 5.61 $ 4.59 $ 4.65 After-tax adjustments to reconc