Becker's Healthcare August 1, 2024
The Cigna Group beat investor expectations and reported major growth at Evernorth in its second quarter earnings published Aug. 1.
Total revenues in the second quarter were $60.5 billion, up 24.6% year over year, and primarily driven by significant growth at Evernorth. The company reported $1.5 billion in net income, up 6%.
The insurance side of the business, Cigna Healthcare, reported second-quarter revenues of $13.1 billion, up 3.4% from the previous year. As of June 30, Cigna had 19 million total medical members, down 2.4% year over year.
The company’s...
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