Reports Q4 revenue $65.65B, consensus $63.18B. “While higher medical costs in our stop loss product impacted fourth quarter earnings, we are

Cigna pulled in $1.4 billion in profit in Q4, a decrease that company officials say is due to elevated medical costs.

Cigna said its medical loss ratio was 87.9% in Q4 2024, compared to 82.2% in the prior-year quarter. For the full-year 2024, MLR was 83.2%, which was still higher compared to the 81.3% its insurance unit reported in 2023.

The Cigna Group (CI) revealed a profit for its fourth quarter that increased from last year but missed the Street estimates. The

BLOOMFIELD, Conn. (AP) — BLOOMFIELD, Conn. (AP) — The Cigna Group (CI) on Thursday reported fourth-quarter earnings of $1.42 billion. On a per-share basis, the Bloomfield, Connecticut-based company said it had net income of $5.13. Earnings, adjusted for amortization costs and non-recurring costs, were $6.64 per share.

Cigna (CI) reported $65.68 billion in revenue for the quarter ended December 2024, representing a year-over-year increase of 28.4%. EPS of $6.64 for the same period compares to $6.79 a year ago. The reported revenue represents a surprise of +3.