Cigna Corp (CI)
Pretax margin
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 3,772,000 | 6,492,000 | 8,163,000 | 8,299,000 | 8,275,000 | 6,821,000 | 5,396,000 | 5,315,000 | 5,280,000 | 10,808,000 | 10,557,000 | 10,951,000 | 10,837,000 | 7,004,000 | 6,970,000 | 6,443,000 | 6,838,000 | 5,609,000 |
| Revenue (ttm) | US$ in thousands | 195,265,000 | 189,902,000 | 186,135,000 | 183,027,000 | 180,516,000 | 180,453,000 | 179,460,000 | 177,113,000 | 174,078,000 | 170,102,000 | 166,769,000 | 162,903,000 | 160,401,000 | 156,934,000 | 154,535,000 | 154,089,000 | 153,566,000 | 129,621,000 |
| Pretax margin | 1.93% | 3.42% | 4.39% | 4.53% | 4.58% | 3.78% | 3.01% | 3.00% | 3.03% | 6.35% | 6.33% | 6.72% | 6.76% | 4.46% | 4.51% | 4.18% | 4.45% | 4.33% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $3,772,000K ÷ $195,265,000K
= 1.93%
To analyze Cigna Group (The) pretax margin over the past eight quarters, we observe a fluctuating trend.
In Q1 2022, the pretax margin was at 3.85%, which remained consistent in Q2 2022. However, there was a notable increase in Q3 2022 to 4.62%, followed by a slight decrease to 4.63% in Q4 2022.
Moving into 2023, there was a continued decline in the pretax margin, starting from 4.46% in Q2 2023, decreasing further to 3.50% in Q3 2023, and reaching its lowest point at 2.82% in Q4 2023.
This fluctuating trend indicates some variability in Cigna Group's operational efficiency and profitability, which may be influenced by factors such as changes in revenue, expenses, or other external economic conditions. Further analysis of the company's financial performance and underlying drivers behind these fluctuations would be beneficial to gain a more comprehensive understanding of the company's financial health.
Peer comparison
Dec 31, 2023