CI Earnings: Highlights of Cigna Corp.’s Q4 2022 results

Cigna Corporation (NYSE: CI) has reported an increase in net income for the fourth quarter of 2022 when the healthcare services provider’s revenues remained unchanged.

Shareholders’ net income increased to $1.17 billion or $3.83 per share in the fourth quarter from $1.12 billion or $3.39 per share in the same period of last year.

Meanwhile, total revenues remained unchanged year-over-year at $45.75 billion. The company repurchased $7.6 billion of its shares in fiscal 2022.

“Last year was a pivotal year of performance and growth for our company as individuals and employers around the world counted on Cigna Healthcare in a dynamic time, and Evernorth further expanded its health services reach and impact. We are well-positioned to continue innovating and growing as we work to improve the health and vitality of all those we serve,” said Cigna’s CEO David Cordani.