Cigna 2Q Revenues Up 4% to $10.3 Billion

Cigna Corp. reported Aug. 4 that total revenues increased 4% to $10.3 billion for the quarter ended June 30, similar to other managed care companies’ strong second-quarter earnings performance. Quarterly net income was $813 million, or $3.15 per share, up from $510 million, or $1.97 per share, for second quarter 2016. During the earnings call, President and CEO David Cordani touted organic earnings growth in all business segments. He said Cigna’s “recently evolved strategy of Go Deeper, Go Local and Go Beyond” is guiding its efforts on multiple fronts. Go to http://tinyurl.com/ycvaands.

Adapted from the 8/14/17 issue of AIS’s Health Plan Week.