Subtext

The Cigna Group CI

SectorHealth Care
Transcripts67
Date range2007-10-31 – 2025-05-02
Calls charted67

Sentiment timeline

Net Loughran-McDonald sentiment per call (×1000), earliest → latest.

-24-12+0+12+242007 Q32009 Q42012 Q12014 Q22017 Q32019 Q42022 Q12024 Q22007 Q3 · Overall: +0.72007 Q4 · Overall: +12.62008 Q1 · Overall: +2.62008 Q2 · Overall: +13.52008 Q3 · Overall: +1.02008 Q4 · Overall: -0.32009 Q1 · Overall: +7.82009 Q2 · Overall: +9.62009 Q3 · Overall: +8.52009 Q4 · Overall: +14.02010 Q1 · Overall: +10.62010 Q2 · Overall: +9.72010 Q3 · Overall: +12.12010 Q4 · Overall: +13.72011 Q1 · Overall: +12.22011 Q2 · Overall: +14.62011 Q3 · Overall: +10.92011 Q4 · Overall: +11.72012 Q1 · Overall: +16.72012 Q2 · Overall: +20.82012 Q3 · Overall: +16.12012 Q4 · Overall: +11.92013 Q1 · Overall: +13.52013 Q2 · Overall: +17.22013 Q3 · Overall: +17.42013 Q4 · Overall: +13.22014 Q1 · Overall: +15.52014 Q2 · Overall: +13.32014 Q3 · Overall: +16.12014 Q4 · Overall: +18.32015 Q1 · Overall: +17.12016 Q2 · Overall: +4.22016 Q3 · Overall: +10.82016 Q4 · Overall: +15.92017 Q1 · Overall: +16.62017 Q2 · Overall: +19.42017 Q3 · Overall: +17.72017 Q4 · Overall: +18.22018 Q1 · Overall: +15.92018 Q2 · Overall: +19.72018 Q3 · Overall: +20.62018 Q4 · Overall: +8.42019 Q1 · Overall: +13.82019 Q2 · Overall: +11.12019 Q3 · Overall: +12.22019 Q4 · Overall: +12.42020 Q1 · Overall: +3.02020 Q2 · Overall: +4.22020 Q3 · Overall: +7.42020 Q4 · Overall: +10.52021 Q1 · Overall: +10.72021 Q2 · Overall: +7.42021 Q3 · Overall: +6.22021 Q4 · Overall: +11.02022 Q1 · Overall: +14.02022 Q2 · Overall: +12.12022 Q3 · Overall: +18.22022 Q4 · Overall: +20.02023 Q1 · Overall: +17.02023 Q2 · Overall: +13.92023 Q3 · Overall: +15.22023 Q4 · Overall: +15.52024 Q1 · Overall: +10.42024 Q2 · Overall: +11.52024 Q3 · Overall: +9.72024 Q4 · Overall: -2.22025 Q1 · Overall: +9.1
Overall

CEO vs CFO

Average sentiment of each executive's remarks per call. Divergence is a signal.

-62-31+0+31+622007 Q32009 Q42012 Q12014 Q22017 Q32019 Q42022 Q12024 Q22007 Q3 · CEO: +5.72007 Q4 · CEO: +51.12008 Q1 · CEO: +14.72008 Q2 · CEO: +53.72008 Q3 · CEO: +2.02008 Q4 · CEO: +2.82009 Q1 · CEO: +19.52009 Q2 · CEO: +24.82009 Q3 · CEO: +17.62009 Q4 · CEO: +21.92010 Q1 · CEO: +20.12010 Q2 · CEO: +20.72010 Q3 · CEO: +19.72010 Q4 · CEO: +21.22011 Q1 · CEO: +20.22011 Q2 · CEO: +20.92011 Q3 · CEO: +16.42011 Q4 · CEO: +17.32012 Q1 · CEO: +23.32012 Q2 · CEO: +31.12012 Q3 · CEO: +21.32012 Q4 · CEO: +17.22013 Q1 · CEO: +19.12013 Q2 · CEO: +21.72013 Q3 · CEO: +25.72013 Q4 · CEO: +16.52014 Q1 · CEO: +21.32014 Q2 · CEO: +19.72014 Q3 · CEO: +22.12014 Q4 · CEO: +24.42015 Q1 · CEO: +21.82016 Q2 · CEO: +13.02016 Q3 · CEO: +15.92016 Q4 · CEO: +24.82017 Q1 · CEO: +23.52017 Q2 · CEO: +26.42017 Q3 · CEO: +23.52017 Q4 · CEO: +32.22018 Q1 · CEO: +28.32018 Q2 · CEO: +27.62018 Q3 · CEO: +31.72018 Q4 · CEO: +20.12019 Q1 · CEO: +27.32019 Q2 · CEO: +19.82019 Q3 · CEO: +20.42019 Q4 · CEO: +25.62020 Q1 · CEO: +6.82020 Q2 · CEO: +11.32020 Q3 · CEO: +16.12020 Q4 · CEO: +17.22021 Q1 · CEO: +16.92021 Q2 · CEO: +14.02021 Q3 · CEO: +15.52021 Q4 · CEO: +23.02022 Q1 · CEO: +26.72022 Q2 · CEO: +18.82022 Q3 · CEO: +28.72022 Q4 · CEO: +27.92023 Q1 · CEO: +26.22023 Q2 · CEO: +27.52023 Q3 · CEO: +24.32023 Q4 · CEO: +24.12024 Q2 · CEO: +22.82024 Q3 · CEO: +13.02024 Q4 · CEO: +20.72025 Q1 · CEO: +14.72007 Q3 · CFO: -1.52007 Q4 · CFO: +14.12008 Q1 · CFO: +1.32008 Q2 · CFO: +9.72008 Q3 · CFO: +2.22008 Q4 · CFO: -3.52009 Q1 · CFO: +1.12009 Q2 · CFO: +5.02009 Q3 · CFO: +1.52009 Q4 · CFO: +12.82010 Q1 · CFO: +9.52010 Q2 · CFO: +10.02010 Q3 · CFO: +14.42010 Q4 · CFO: +18.02011 Q1 · CFO: +13.82011 Q2 · CFO: +18.32011 Q3 · CFO: +16.52011 Q4 · CFO: +13.12012 Q1 · CFO: +24.12012 Q2 · CFO: +18.72012 Q3 · CFO: +23.42012 Q4 · CFO: +19.52013 Q1 · CFO: +19.82013 Q2 · CFO: +25.02013 Q3 · CFO: +21.32013 Q4 · CFO: +22.22014 Q1 · CFO: +24.42014 Q2 · CFO: +21.62014 Q3 · CFO: +22.52014 Q4 · CFO: +25.42015 Q1 · CFO: +27.72016 Q2 · CFO: +0.52016 Q3 · CFO: +25.02016 Q4 · CFO: +22.32017 Q1 · CFO: +24.32017 Q2 · CFO: +23.82017 Q3 · CFO: +25.12017 Q4 · CFO: +14.02018 Q1 · CFO: +20.42018 Q2 · CFO: +25.92018 Q3 · CFO: +28.02018 Q4 · CFO: +13.42019 Q1 · CFO: +12.92019 Q2 · CFO: +15.62019 Q3 · CFO: +16.92019 Q4 · CFO: +15.92020 Q1 · CFO: +13.52020 Q2 · CFO: +11.42020 Q3 · CFO: +3.72020 Q4 · CFO: +11.82021 Q1 · CFO: +18.22021 Q2 · CFO: +11.12021 Q3 · CFO: +8.62021 Q4 · CFO: +8.62022 Q1 · CFO: +12.82022 Q2 · CFO: +17.52022 Q3 · CFO: +18.32022 Q4 · CFO: +19.12023 Q1 · CFO: +17.72023 Q2 · CFO: +13.12023 Q3 · CFO: +14.22023 Q4 · CFO: +14.62024 Q1 · CFO: +10.82024 Q2 · CFO: +7.72024 Q3 · CFO: +14.32024 Q4 · CFO: -9.92025 Q1 · CFO: +5.9
CEOCFO

Prepared remarks vs Q&A

Scripted tone vs unscripted answers. The gap is information.

-41-21+0+21+412007 Q32009 Q42012 Q12014 Q22017 Q32019 Q42022 Q12024 Q22007 Q3 · Prepared remarks: +1.12007 Q4 · Prepared remarks: +27.12008 Q1 · Prepared remarks: +6.12008 Q2 · Prepared remarks: +25.32008 Q3 · Prepared remarks: +6.62008 Q4 · Prepared remarks: +13.02009 Q1 · Prepared remarks: +13.42009 Q2 · Prepared remarks: +15.52009 Q3 · Prepared remarks: +13.72009 Q4 · Prepared remarks: +15.42010 Q1 · Prepared remarks: +21.22010 Q2 · Prepared remarks: +9.82010 Q3 · Prepared remarks: +13.72010 Q4 · Prepared remarks: +27.52011 Q1 · Prepared remarks: +21.22011 Q2 · Prepared remarks: +21.62011 Q3 · Prepared remarks: +17.72011 Q4 · Prepared remarks: +22.72012 Q1 · Prepared remarks: +21.82012 Q2 · Prepared remarks: +26.72012 Q3 · Prepared remarks: +24.02012 Q4 · Prepared remarks: +28.82013 Q1 · Prepared remarks: +25.72013 Q2 · Prepared remarks: +28.62013 Q3 · Prepared remarks: +32.22013 Q4 · Prepared remarks: +26.02014 Q1 · Prepared remarks: +29.92014 Q2 · Prepared remarks: +34.12014 Q3 · Prepared remarks: +28.42014 Q4 · Prepared remarks: +26.72015 Q1 · Prepared remarks: +27.32016 Q2 · Prepared remarks: +5.62016 Q3 · Prepared remarks: +29.32016 Q4 · Prepared remarks: +27.42017 Q1 · Prepared remarks: +27.22017 Q2 · Prepared remarks: +28.42017 Q3 · Prepared remarks: +29.72017 Q4 · Prepared remarks: +32.32018 Q1 · Prepared remarks: +25.82018 Q2 · Prepared remarks: +30.02018 Q3 · Prepared remarks: +36.02018 Q4 · Prepared remarks: +22.02019 Q1 · Prepared remarks: +27.62019 Q2 · Prepared remarks: +23.42019 Q3 · Prepared remarks: +27.12019 Q4 · Prepared remarks: +29.12020 Q1 · Prepared remarks: +8.32020 Q2 · Prepared remarks: +10.42020 Q3 · Prepared remarks: +11.32020 Q4 · Prepared remarks: +17.42021 Q1 · Prepared remarks: +19.62021 Q2 · Prepared remarks: +14.02021 Q3 · Prepared remarks: +15.22021 Q4 · Prepared remarks: +15.92022 Q1 · Prepared remarks: +20.82022 Q2 · Prepared remarks: +26.12022 Q3 · Prepared remarks: +32.72022 Q4 · Prepared remarks: +28.42023 Q1 · Prepared remarks: +34.52023 Q2 · Prepared remarks: +24.32023 Q3 · Prepared remarks: +26.42023 Q4 · Prepared remarks: +25.02024 Q1 · Prepared remarks: +10.42024 Q2 · Prepared remarks: +23.32024 Q3 · Prepared remarks: +21.52024 Q4 · Prepared remarks: +13.42025 Q1 · Prepared remarks: +27.52007 Q4 · Q&A responses: +3.92008 Q1 · Q&A responses: +2.22008 Q2 · Q&A responses: +8.52008 Q3 · Q&A responses: -1.12008 Q4 · Q&A responses: -4.42009 Q1 · Q&A responses: -1.22009 Q2 · Q&A responses: +4.02009 Q3 · Q&A responses: +9.22009 Q4 · Q&A responses: +10.32010 Q1 · Q&A responses: +2.12010 Q2 · Q&A responses: +22.42010 Q3 · Q&A responses: +5.72010 Q4 · Q&A responses: +6.92011 Q1 · Q&A responses: +8.22011 Q2 · Q&A responses: +12.32011 Q3 · Q&A responses: +8.52011 Q4 · Q&A responses: +6.02012 Q1 · Q&A responses: +17.72012 Q2 · Q&A responses: +22.22012 Q3 · Q&A responses: +16.12012 Q4 · Q&A responses: +7.12013 Q1 · Q&A responses: +12.52013 Q2 · Q&A responses: +15.42013 Q3 · Q&A responses: +15.32013 Q4 · Q&A responses: +13.22014 Q1 · Q&A responses: +13.92014 Q2 · Q&A responses: +10.12014 Q3 · Q&A responses: +15.82014 Q4 · Q&A responses: +19.52015 Q1 · Q&A responses: +17.02016 Q2 · Q&A responses: +12.12016 Q3 · Q&A responses: +10.22016 Q4 · Q&A responses: +19.02017 Q1 · Q&A responses: +18.02017 Q2 · Q&A responses: +20.92017 Q3 · Q&A responses: +16.92017 Q4 · Q&A responses: +16.52018 Q1 · Q&A responses: +21.62018 Q2 · Q&A responses: +23.22018 Q3 · Q&A responses: +24.52018 Q4 · Q&A responses: +9.72019 Q1 · Q&A responses: +16.42019 Q2 · Q&A responses: +10.92019 Q3 · Q&A responses: +11.02019 Q4 · Q&A responses: +13.92020 Q1 · Q&A responses: +7.52020 Q2 · Q&A responses: +10.02020 Q3 · Q&A responses: +12.92020 Q4 · Q&A responses: +11.62021 Q1 · Q&A responses: +13.62021 Q2 · Q&A responses: +11.02021 Q3 · Q&A responses: +9.92021 Q4 · Q&A responses: +15.52022 Q1 · Q&A responses: +20.62022 Q2 · Q&A responses: +11.82022 Q3 · Q&A responses: +18.02022 Q4 · Q&A responses: +20.82023 Q1 · Q&A responses: +12.92023 Q2 · Q&A responses: +17.22023 Q3 · Q&A responses: +14.02023 Q4 · Q&A responses: +16.82024 Q2 · Q&A responses: +10.72024 Q3 · Q&A responses: +7.22024 Q4 · Q&A responses: -5.22025 Q1 · Q&A responses: +3.7
Prepared remarksQ&A responses

Tone vs forward expectations

Management tone next to Wall Street's forward-looking numbers (glopardo): the 12-month forward EPS estimate and the forward P/E per call.

Forward EPS estimate

$5.44$19.34$33.252007 Q32009 Q42012 Q12014 Q22017 Q32019 Q42022 Q12024 Q22014 Q1: $7.362014 Q2: $7.662014 Q3: $7.892014 Q4: $8.142015 Q1: $8.692016 Q2: $9.682016 Q3: $9.182016 Q4: $9.562017 Q1: $9.852017 Q2: $10.472017 Q3: $11.022017 Q4: $11.432018 Q1: $13.322018 Q2: $13.912018 Q3: $14.862018 Q4: $15.782019 Q1: $16.982019 Q2: $17.572019 Q3: $18.252019 Q4: $18.572020 Q1: $19.092020 Q2: $19.432020 Q3: $19.992020 Q4: $20.572021 Q1: $20.902021 Q2: $21.802021 Q3: $21.932021 Q4: $22.402022 Q1: $23.142022 Q2: $23.982022 Q3: $24.752022 Q4: $24.782023 Q1: $25.602023 Q2: $26.452023 Q3: $27.412023 Q4: $28.252024 Q1: $29.362024 Q2: $30.302024 Q3: $31.052024 Q4: $31.33

Forward P/E

6.6312.8419.052007 Q32009 Q42012 Q12014 Q22017 Q32019 Q42022 Q12024 Q22014 Q1: 10.922014 Q2: 11.832014 Q3: 11.922014 Q4: 12.482015 Q1: 14.682016 Q2: 13.072016 Q3: 13.752016 Q4: 13.942017 Q1: 15.642017 Q2: 16.052017 Q3: 17.032017 Q4: 18.192018 Q1: 12.532018 Q2: 12.672018 Q3: 13.402018 Q4: 12.252019 Q1: 9.892019 Q2: 9.122019 Q3: 8.792019 Q4: 10.672020 Q1: 7.492020 Q2: 9.872020 Q3: 8.432020 Q4: 9.842021 Q1: 11.582021 Q2: 10.872021 Q3: 9.422021 Q4: 9.712022 Q1: 10.272022 Q2: 10.302022 Q3: 11.482022 Q4: 13.512023 Q1: 10.562023 Q2: 9.972023 Q3: 10.402023 Q4: 10.522024 Q1: 11.882024 Q2: 11.052024 Q3: 11.452024 Q4: 9.01

Divergence watch ⚑

Quarters where tone and the forward EPS estimate moved opposite ways.

  • 2014 Q2 tone ↓ -2.2 fwd EPS ↑ +0.30 Tone cooled even as the forward EPS estimate rose.
  • 2016 Q2 tone ↓ -12.9 fwd EPS ↑ +0.99 Tone cooled even as the forward EPS estimate rose.
  • 2016 Q3 tone ↑ +6.6 fwd EPS ↓ -0.50 Tone rose while the forward EPS estimate was cut.
  • 2018 Q1 tone ↓ -2.2 fwd EPS ↑ +1.89 Tone cooled even as the forward EPS estimate rose.
  • 2018 Q4 tone ↓ -12.2 fwd EPS ↑ +0.92 Tone cooled even as the forward EPS estimate rose.
  • 2019 Q2 tone ↓ -2.6 fwd EPS ↑ +0.59 Tone cooled even as the forward EPS estimate rose.
  • 2020 Q1 tone ↓ -9.5 fwd EPS ↑ +0.52 Tone cooled even as the forward EPS estimate rose.
  • 2021 Q2 tone ↓ -3.3 fwd EPS ↑ +0.91 Tone cooled even as the forward EPS estimate rose.
  • 2023 Q1 tone ↓ -3.0 fwd EPS ↑ +0.82 Tone cooled even as the forward EPS estimate rose.
  • 2023 Q2 tone ↓ -3.1 fwd EPS ↑ +0.85 Tone cooled even as the forward EPS estimate rose.
  • 2024 Q1 tone ↓ -5.1 fwd EPS ↑ +1.11 Tone cooled even as the forward EPS estimate rose.

Recent transcripts

CallDateSentiment ×1000Fwd EPSFwd P/E
2025 Q12025-05-02+9.1——View →
2024 Q42025-01-30-2.2$31.339.0View →
2024 Q32024-10-31+9.7$31.0511.4View →
2024 Q22024-08-01+11.5$30.3011.1View →
2024 Q12024-05-15+10.4$29.3611.9View →
2023 Q42024-02-02+15.5$28.2510.5View →
2023 Q32023-11-02+15.2$27.4110.4View →
2023 Q22023-08-03+13.9$26.4510.0View →