Cigna Corporation (CI) Q1 2023 Earnings Call Transcript

The Cigna Group (NYSE:CI) Q1 2023 Earnings Convention Name Might 5, 2023 8:30 AM ET

Firm Individuals

Ralph Giacobbe – SVP & Head of IR

David Cordani – Chairman & CEO

Brian Evanko – EVP & CFO

Convention Name Individuals

Lisa Gill – J.P. Morgan

Steven Valiquette – Barclays Financial institution

Nathan Wealthy – Goldman Sachs

Albert Rice – Crédit Suisse

Justin Lake – Wolfe Analysis

Erin Wright – Morgan Stanley

Kevin Fischbeck – Financial institution of America Securities

Gary Taylor – TD Cowen

Stephen Baxter – Wells Fargo Securities

Joshua Raskin – Nephron Analysis

Scott Fidel – Stephens Inc.

Kevin Caliendo – UBS Funding Financial institution


Women and gents, thanks for standing by for Cigna’s First Quarter 2023 Outcomes Evaluation. At the moment all callers are in a listen-only mode. We are going to conduct a question-and-answer session later in the course of the convention and assessment procedures on enter queue to ask questions at the moment. [Operator Instructions]. As a reminder, girls and gents, this convention, together with the Q&A session, is being recorded. We’ll start by turning the convention over to Ralph Giacobbe. Please go forward.

Ralph Giacobbe

Nice, good morning everybody, and thanks for becoming a member of immediately’s name. I am Ralph Giacobbe, Senior Vice President of Investor Relations. With me on the road this morning are David Cordani, The Cigna Group’s Chairman and Chief Govt Officer; and Brian Evanko, Chief Monetary Officer. In our remarks immediately, David and Brian will cowl various matters, together with our first quarter monetary outcomes and our up to date monetary outlook for 2023.

As famous in our earnings launch, when describing our monetary outcomes, we use sure monetary measures, adjusted revenue from operations, and adjusted revenues, which aren’t decided in accordance with accounting rules typically accepted in the USA, in any other case often called GAAP. A reconciliation of those measures to essentially the most straight comparable