Cigna Q4 Earnings Miss Estimates, Revenue Beats
BLOOMFIELD, Conn. (AP) - Cigna Group (CI) reported fourth-quarter earnings on Thursday of $1.42 billion. On a per-share basis, the company saw net income of $5.13. Adjusted for non-recurring costs, earnings were $6.64 per share.
Analysts had expected earnings of $7.83 per share, according to Zacks Investment Research.
Cigna's revenue for the quarter came in at $65.65 billion. Its adjusted revenue was $65.68 billion, surpassing analyst estimates of $63.25 billion.
For the full year, Cigna reported profit of $3.43 billion, or $12.12 per share. Revenue was $247.1 billion.
Cigna expects full-year earnings to be $29.50 per share, with revenue expected to be $252 billion.
Company Profile
Cigna Group is a global health services company dedicated to improving the health, well-being, and peace of mind of those it serves. With over 190 million customer relationships worldwide, Cigna delivers choice, access, and affordability through its integrated portfolio of health services. The company's offerings include employer-sponsored and individual medical, dental, vision, pharmacy, and behavioral health insurance plans. Cigna also provides health benefits management services through its national network of providers.