Healthcare Innovation October 31, 2024
Amid considerable health insurer instability, Cigna on Oct. 31 posted strong financial results
The Bloomfield, Conn.-based health insurer Cigna reported better-than-expected earnings on Oct. 31, despite considerable instability among health insurers this year, and despite losses involved in its investment in VillageMD.
As the Hartford Business Journal’s David Krechevsky wrote on Oct. 31, “The Cigna Group on Thursday reported a nearly $740 million profit for the third quarter of 2024, despite an after-tax loss of $1 billion related to its investment in VillageMD. The Bloomfield-based healthcare and insurance company reported net income attributable to shareholders of $739 million, or $2.63 per share, down 52 percent from $1.55 billion, or $5.45 per share in the second quarter. The third-quarter results topped...
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