UPDATE 2-Health insurer Cigna's profit beats estimates, reaffirms profit goal for 2020, 2021 [Reuters (UK)]
Cigna Corporation (CI)
Last cigna corporation earnings: 4/30 06:00 am
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Source: Reuters
Health insurer Cigna's profit beats estimates, reaffirms 2020 profit goal - Reuters 3 Min Read (Reuters) - Cigna Corp ( CI.N ) on Thursday reported better-than-expected quarterly profit and stuck to its profit target for the year as it benefited from strong sales at its Express Scripts pharmacy benefits business (PBM). Rivals UnitedHealth Group Inc ( UNH.N ), Anthem Inc ( ANTM.N ) and Humana Inc ( HUM.N ) also reaffirmed their profit estimates for 2020, even as they warned of higher costs from resumption in elective surgeries deferred due to the COVID-19 pandemic. While health insurers benefit from the deferred health care in the first half of the year, the gains could be short lived, depending on how quickly the virus outbreak subsides and the healthcare business returns to something close to normal, according to a Reuters analysis. Cigna said it continues to expect 2020 adjusted income from operations to be between $18 and $18.60 per share. Analysts were expecting $18.32 per
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