Summary by Moomoo AI
CVS Health Corporation (CVS Health) reported a robust financial performance for the year ended December 31, 2023. Total revenues increased by 10.9% to $357.776 billion, driven by growth across all segments. Operating income surged by 72.8% to $13.743 billion, primarily due to the absence of opioid litigation charges recorded in the previous year. Net income attributable to CVS Health saw a significant rise of 93.6% to $8.344 billion. The company's Health Care Benefits segment reported a 16.3% increase in premiums, contributing to a 15.6% rise in total revenues for the segment. The Health Services segment's total revenues grew by 10.2%, with product revenues up 8.1%. The Pharmacy & Consumer Wellness segment saw a 7.5% increase in total revenues, with pharmacy same store sales climbing by 13.6%. CVS Health completed the acquisitions of Signify...Show More