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Cigna drops
Cigna quarterly profit hit by higher medical costs, shares tumble
Cigna forecast annual profit below Wall Street expectations on Thursday and missed estimates for the fourth quarter, as high-cost claims in employer-sponsored plans drove up expenses in its backup insurance product.
Cigna drops as rising medical costs drive Q4 earnings miss
Cigna (CI) stock falls as the managed care company's Q4 2024 earnings miss the consensus due to an unexpected rise in medical costs. Read more here.
Cigna set to close $3.7B MA sale to HCSC in Q1
Cigna said its medical loss ratio was 87.9% in Q4 2024, compared to 82.2% in the prior-year quarter. For the full-year 2024, MLR was 83.2%, which was still higher compared to the 81.3% its insurance unit reported in 2023.
Cigna shares tumble as Q4 earnings miss, 2025 outlook disappoints
Group plunged 10.6% in premarket trading on Thursday after the health insurer reported fourth-quarter earnings that fell short of analyst expectations and provided a weaker-than-anticipated outlook for 2025.
6h
on MSN
Cigna projects 2025 EPS of at least $29.50 amid biosimilar growth and strategic investments
Q4 2024 Management View CEO David Cordani highlighted Cigna's full-year revenue growth of $247 billion, a 27% increase, ...
14h
Cigna plans to limit out-of-pocket drug costs for U.S. patients
President Donald Trump in December said he wanted to “knock out the middleman” in drug purchasing.
Healthcare Dive
6h
Cigna pledges changes to pharmacy, medical benefits following ‘messy’ close to 2024
Fresh off underperforming Wall Street’s expectations in the fourth quarter, Cigna said it would work to lower costs for its ...
STAT
4h
Cigna’s lower earnings reveal how sick American workers are
Cigna blamed lower-than-expected fourth-quarter returns on its stop-loss insurance business that insures employers from ...
4h
on MSN
Why Cigna Stock Is Plummeting Today
Shares of Cigna ( CI -8.00%) were dropping Thursday. The stock was down 8.4% as of 1:20 p.m. ET but had lost as much as 11.3% ...
Modern Healthcare
8h
Cigna to spend $150M to improve prior auth, patient advocacy: CEO
Cigna Group CEO David Cordani said the company will make investments this year to improve patient and provider experiences ...
1d
Cigna taking steps to lower out-of-pocket cost of prescription drugs
Cigna's Evernorth Health Services said on Wednesday its actions will enhance transparency about the company's negotiations.
Managed Healthcare Executive
2h
Evernorth Drives Cigna’s 27% Revenue Increase to $247.1 Billion in 2024
Managed Healthcare Executive provides C-suite executives at health plans and provider organizations with news, analysis, ...
Insurancenewsnet.com
7h
Cigna to ‘listen to the public narrative,’ promises pharmacy benefit reforms
Cigna executives kicked off Thursday’s earnings call by responding to pharmacy benefit manager critics with a number of reforms.
9h
on MSN
Cigna Stock Dives After Earnings. Here’s What Went Wrong.
It happened again on Thursday morning, when Cigna Group reported quarterly earnings. The results missed estimates and ...
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