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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Leslie Small

Leslie Small

Leslie has been working in journalism since 2009 and reporting on the health care industry since 2014. She has covered the many ups and downs of the Affordable Care Act exchanges, the failed health insurer mega-mergers, and hundreds of other storylines spanning subjects such as Medicaid managed care, Medicare Advantage, employer-sponsored insurance, and prescription drug coverage. As the managing editor of Health Plan Weekly and Radar on Drug Benefits, she writes and edits for both publications while overseeing a small team of reporters who also focus on the managed care sector. Before joining AIS Health, she was a senior editor for the e-newsletter Fierce Health Payer, and she started her career as a copy editor at multiple local newspapers. She graduated with a dual degree in journalism and political science from Penn State University.

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