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0 0.0011695906432748 0.00167810831426398 -0.00432240020340704 0.000233918128654931 -0.00564454614797871 -0.00711924739384697 -0.0104754640223748
Stock impact report

Cigna confident of meeting 2021 profit target despite virus-led crisis [Reuters]

Cigna Corporation (CI) 
Last cigna corporation earnings: 4/30 06:00 am Check Earnings Report
US:NYSE Investor Relations: cigna.com/about-us/investors
Company Research Source: Reuters
Cigna confident of meeting 2021 profit target despite virus-led crisis (Reuters) - Cigna Corp ( CI.N ) on Thursday reaffirmed its profit goals for this year and the next, expecting its $52 billion acquisition of pharmacy benefits manager Express Scripts to tide over the COVID-19-triggered global economic meltdown. Shares of the health insurer were up 1.1% at $198. Cigna’s Express Scripts business though modestly vulnerable to job losses during a recession, is well diversified to weather the hit, Chief Financial Officer Eric Palmer said. The company said while the impact of the pandemic is still developing, the recession could affect enrollment in employer-sponsored health plans. But for now some of its employer customers are maintaining employees’ health benefits. Corporations see this as a more temporary dislocation of their business, and hence, want to maintain positive ties with their workers, Chief Executive Officer David Cordani said. Cordani also said medical costs from the CO Show less Read more
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