Cigna (CI) Q1 Earnings Beat on Client Wins in Evernorth Unit
CICigna(CI) Zacks Investment Research·2024-05-03 01:40

The Cigna Group (CI) posted better-than-expected first-quarter 2024 earnings, driven by a well-performing Evernorth Health Services segment, which, in turn, received an impetus from strength in Specialty and Care Services businesses and operational efficiencies. Premium rate increases also aided the Cigna Healthcare business. However, the upside was partly offset by escalating pharmacy expenses and a decline in customer base within the Cigna Healthcare unit. Nevertheless, a hiked adjusted earnings per share ...