Becker's Healthcare May 2, 2024
The Cigna Group reported a $277 million net loss in the first quarter of 2024.
The company published its first-quarter earnings May 2. The loss was tied to losses in the value of VillageMD, of which Cigna is a minority owner.
Cigna raised its earnings outlook for the year, projecting adjusted earnings of at least $28.40 per share, up 15 cents from its last earnings report. The company exceeded Wall Street’s expectations in its first-quarter earnings, according to The Wall Street Journal.
Losses in value for VillageMD, an older adult-focused primary care group, have driven losses for other healthcare companies this quarter. Walgreens reported a $6 billion loss in the first quarter, driven by VillageMD, according to...
Today's Sponsors
Today's Sponsor