The Cigna Group (CI) Revenue — Quarter Ended Sep 30, 2023
The Cigna Group reported higher total revenue for the current quarter compared with both the immediately preceding quarter and the same quarter one year earlier. The sequential and year-over-year growth reflects continued expansion in the company's pharmacy and premium revenues.
Key takeaway
Quarter ended Sep 30, 2023 · FY2023 Q3
The Cigna Group reported higher total revenue for the current quarter compared with both the immediately preceding quarter and the same quarter one year earlier. The sequential and year-over-year growth reflects continued expansion in the company's pharmacy and premium revenues.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$49B
Revenue reported for this quarter.
Quarter-over-quarter
+1.0%
Change from the immediately preceding quarter.
Year-over-year
+8.3%
Change from the comparable year-ago quarter.
Trailing four quarters
$189.9B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Dec 31, 2022 | $45.8B | +0.2% |
| Mar 31, 2023 | $46.5B | +5.7% |
| Jun 30, 2023 | $48.6B | +6.8% |
| Sep 30, 2023 | $49B | +8.3% |
Revenue performance
Revenue increased from the prior quarter, driven by gains in pharmacy revenues and premiums, while fees and other revenues also contributed to the overall improvement.
Quarterly comparison
Compared with the same quarter a year ago, total revenue was higher, with pharmacy revenues and premiums both showing growth. The sequential increase from the preceding quarter was more modest but still positive.
What to watch
The company's net income declined compared with the same quarter last year, while the prior-year period included a significant gain on sale of businesses.