1 unchanged sentence
As of December 31, 2022, the number of shareholders of record was 28,205.
−Removed: Cigna's common stock is listed with, and trades on, the New York Stock Exchange under the symbol "CI".
−Removed: In 2021, Cigna initiated a quarterly cash dividend and declared quarterly cash dividends of $1.00 per share of Cigna common stock.
−Removed: Cigna currently intends to pay regular quarterly dividends, with future declarations subject to approval by its Board of Directors and the Board's determination that the declaration of dividends remains in the best interests of Cigna and its shareholders.
−Removed: The decision of whether to pay future dividends and the amount of any such dividends will be based on the Company's financial position, results of operations, cash flows, capital requirements, the requirements of applicable law and any other factors the Board of Directors may deem relevant.
−Removed: For the years ended December 31, 2020 and 2019, Cigna paid a yearly cash dividend of $0.04 per share of Cigna common stock.
+Added: The Cigna Group's common stock is listed with, and trades on, the New York Stock Exchange under the symbol "CI".
+Added: In 2022, The Cigna Group declared and paid quarterly cash dividends of $1.12 per share of The Cigna Group common stock.
+Added: The Cigna Group currently intends to pay regular quarterly dividends, with future declarations subject to approval by its Board of Directors and the Board's determination that the declaration of dividends remains in the best interests of The Cigna Group and its shareholders.
+Added: The decision of whether to pay future dividends and the amount of any such dividends will be based on the Company's financial position, results of operations, cash flows, capital requirements, the requirements of applicable law and any other factors the Board may deem relevant.
+Added: In 2021, The Cigna Group paid quarterly cash dividends of $1.00 per share of The Cigna Group common stock.
+Added: In 2020, The Cigna Group paid a yearly cash dividend of $0.04 per share.
See Note 8 to the Consolidated Financial Statements for further information on dividend payments.
1 unchanged sentence
Issuer Purchases of Equity Securities
−Removed: The following table provides information about Cigna's share repurchase activity for the quarter ended December 31, 2021:
+Added: The following table provides information about The Cigna Group's share repurchase activity for the quarter ended December 31, 2022:
Period Total # of shares purchased (1)
6 unchanged sentences
October 1-31, 2022 833 $ 286.84 — $ 5,323,335,866
−Removed: November 1-30, 2021 3,744,700 (1) 3,742,474 $ 6,009,814,491
+Added: November 1-30, 2022 5,499,088 see (1) below 5,497,926 $ 4,165,793,043
December 1-31, 2022 1,803,379 $ 330.62 1,802,418 $ 3,569,880,748
−Removed: Total 8,658,521 (1) 8,648,200 N/A
+Added: Total 7,303,300 see (1) below 7,300,344 N/A
(1) Includes shares tendered by employees under the Company's equity compensation plans as follows:
1 unchanged sentence
Employees tendered 833 shares in October, 1,162 shares in November and 961 shares in December 2022.
−Removed: Amount purchased also reflects the final delivery of 910,182 shares in November 2021 and 932,888 shares in December 2021 pursuant to the ASR agreements discussed in the Liquidity and Capital Resources section of Management's Discussion and Analysis of Financial Condition and Results of Operations in Part I, Item 2.
−Removed: Such repurchases were made pursuant to the Company's share repurchase program described in note (2) of this table.
−Removed: Average price paid per share for shares not purchased pursuant to the ASR agreements was $215.20 in November 2021 and $213.17 in December 2021.
−Removed: (2) Additionally, the Company maintains a share repurchase program authorized by the Board of Directors.
+Added: Amount purchased in November 2022 also reflects the final settlement of 1.9 million shares pursuant to the Accelerated Share Repurchase ("ASR") agreements.
+Added: See Note 8 to the Consolidated Financial Statements for further details on the average share price for total shares purchased under the ASR agreements.
+Added: Such repurchase was made pursuant to the Company's share repurchase program described in note (2), below.
+Added: Average price paid per share for the period November 1 to November 30, 2022 for shares not purchased pursuant to the ASR agreements was $315.56.
+Added: (2) Additionally, the Company maintains a share repurchase program authorized by the Board.
Under this program, the Company may repurchase shares from time to time, depending on market conditions and alternate uses of capital.
2 unchanged sentences
The program may be suspended or discontinued at any time and does not have an expiration date.
−Removed: In February 2022, the Board increased repurchase authority by an additional $2.0 billion.
−Removed: Share repurchase authority was $6.0 billion as of February 23, 2022.
+Added: From January 1, 2023 through February 22, 2023, the Company repurchased 2.1 million shares for approximately $646 million, leaving repurchase authority at $2.9 billion as of February 22, 2023.
(3) Approximate dollar value of shares is as of the last date of the applicable month.
3 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.