Cigna Posts Solid 3Q Results, Aided by Diversity and Minimal Gov’t Business

  • Nov 01, 2024

    The Cigna Group on Oct. 31 posted third-quarter results that exceeded most analysts’ projections, bucking the industry trends that other managed care organizations have revealed in recent weeks. Unlike those insurers, Cigna does not have a significant Medicare or Medicaid business, both of which have seen higher-than-expected utilization this year and reimbursement rates that are not enough to offset the increased costs.  

    For the quarter, Cigna had a medical loss ratio (MLR) of 82.8%, just below the Wall Street consensus of 82.7%. It also had adjusted earnings per share (EPS) of $7.51, above the $7.23 consensus. Cigna also reiterated its full-year guidance of an MLR between 81.7% and 82.5% and adjusted EPS of at least $28.40. 

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  • Tim Casey

    Tim has been a reporter and editor for newspapers, websites and magazines for more than 20 years, including 10 years covering health care business topics. He has a deep knowledge of the managed care industry and pharmacy benefit management. He also has experience covering medical conferences and clinical and legislative health care issues. In 2014, the Society for Advancing Business Editing and Writing selected Tim as one of 15 journalists to participate in a national symposium on the Affordable Care Act. Tim has a B.A. in Psychology from the University of Notre Dame and an M.B.A. from Georgetown University.

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