Cigna Is Bullish on Individual, Smaller Group Markets

While Cigna Corp. credited its Evernorth health services division as the primary driving force behind its strong first-quarter 2021 earnings, the company’s management and equities analysts alike seemed satisfied by the performance of Cigna’s health insurance business. And Cigna’s executives expressed optimism about the firm’s growth in certain commercial markets.

Cigna reported adjusted income from operations of $987 million and adjusted revenues of $10.4 billion for its U.S. Medical segment, and its first-quarter earnings for that segment were “slightly ahead of our expectations,” said Chief Financial Officer Brian Evanko during the company’s May 7 conference call to discuss financial results. Those results were driven in part by investment income but “partially offset by a non-recurring litigation settlement,” Jefferies analyst David Windley advised investors in a May 8 research note.

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