Brian Evanko, main operating serviceman of The Cigna Group, during an question and reply successful New York, US, connected Tuesday, July 23, 2026. Cigna Group Chief Executive Officer David Cordani stepped down from the apical occupation connected July 1 and was replaced by Chief Operating Officer Brian Evanko, a longtime Cigna executive and employee. (Photographer: John Lamparski/Bloomberg)
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The Cigna Group Thursday reported 2nd 4th nett income of astir $1.7 cardinal contempt continued elevated aesculapian costs dogging the full wellness security industry.
The results, which are the first reported nether the activity of caller apical executive Brian Evanko, figured successful the determination to summation the company’s 2026 outlook to “at slightest $30.45 per share” compared to an earlier forecast of $30.35 per share.
Like its rival wellness insurers, the institution has been battling rising aesculapian expenses from customers successful its wellness plans. Thursday’s results reflected costs that are still rising compared to the year-ago period.
Cigna’s aesculapian costs ratio, which is the percent of premium gross that goes toward aesculapian costs, roseate to 84.5% for the 2nd 4th of this twelvemonth compared to 83.2% for the 2nd 4th of 2025, “primarily reflecting higher anterior twelvemonth consequence accommodation benefits wrong our individual and family plans business recognized successful 2nd 4th 2025,” Cigna said successful its 2nd 4th net report.
Though Cigna’s aesculapian costs ratio roseate successful the 2nd quarter, the percent wasn’t arsenic precocious arsenic rivals successful the wellness security manufacture that are seeing aesculapian costs ratios astatine 90% aliases more.
Yet Cigna’s aesculapian costs issues are different than those of health security manufacture rivals that person struggled mostly successful their businesses providing government-subsidized wellness insurance sum specified arsenic Medicaid benefits for the mediocre and Medicare Advantage for older adults. Cigna past twelvemonth completed the waste of its Medicare businesses to Chicago-based Health Care Service Corp. (HCSC), an usability of Blue Cross and Blue Shield plans successful 5 states. And Cigna earlier this twelvemonth announced plans to exit the individual wellness security business nether the Affordable Care Act, besides known arsenic Obamacare, successful 2027.
On Thursday, Cigna reported 2nd 4th nett income roseate to $1.66 billion, aliases $6.29 per stock compared to $1.53 billion, aliases $5.71 per stock successful the 2nd 4th of 2025, “primarily reflecting maturation successful Cigna Healthcare.” Total revenues, meanwhile, roseate 7% successful the 2nd 4th compared to the year-ago play to $71.7 cardinal “driven by maturation successful some Evernorth Health Services and Cigna Healthcare.”
“Our intent is to amended the lives of each and each customer and diligent we serve,” said Evanko, who took complete arsenic President and Chief Executive Officer of The Cigna Group from David Cordani effective July 1 of this month. “By harnessing technology, information and AI to present much personalized experiences, amended entree and little costs, we are creating greater worth each day. Our beardown 2nd 4th results bespeak continued advancement against these priorities and show the effectiveness of our strategy and execution.”
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