CI - Cigna Reports $1.4B Q3 Profit On Health Plan Evernorth Growth; Lifts Annual Guidance | Benzinga
Cigna Corporation (NYSE: CI) has reported Q3 FY23 sales of $49.08 billion, up 8% Y/Y, beating the consensus of $48.20 billion, reflecting strong growth across Evernorth Health Services and Cigna Healthcare.
Cigna Healthcare Q3 adjusted sales increased 14% Y/Y to $12.77 billion, reflecting customer growth and premium rate increases to cover underlying medical cost trends.
Cigna saw that its medical cost ratio - or spending on claims as a percentage of premiums - was 80.5% compared to 80.8% a year ago, reflecting continued ...