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Cigna quarterly profit hit by higher medical costs, shares tumble

Cigna forecast annual profit below Wall Street expectations on Thursday and missed estimates for the fourth quarter, as high-cost claims in employer-sponsored plans drove up expenses in its backup insurance product.

Business Standard · 1d

Cigna falls short of Q4 profit estimates due to higher medical costs

The plan, called "stop-loss insurance", entails the insurer covering for employers' self-funded plans when their costs surpass a certain threshold due to catastrophic or unexpected medical claims

Fierce Healthcare · 19h

Cigna set to close $3.7B MA sale to HCSC in Q1

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.

Business Insider · 1d

The Cigna Group Q4 Profit Increases, But Misses Estimates

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

Hosted on MSN · 1d

Cigna drops as rising medical costs drive Q4 earnings miss

The Cigna Group (NYSE:CI) fell ~9% in the premarket on Thursday after the managed care company's Q4 2024 financials fell short of Street forecasts for earnings due to an unexpected rise in medical costs in its insurance business.

17hon MSN

Why Cigna Stock Is Plummeting Today

Shares of Cigna ( CI -8.00%) were dropping Thursday. The stock was down 8.4% as of 1:20 p.m. ET but had lost as much as 11.3% ...

1don MSN

Cigna Stock Dives After Earnings. Here’s What Went Wrong.

Cigna Group stock was falling sharply after the health insurer missed quarterly earnings estimates and issued light guidance ...

21h

Wall Street rises as gains in Meta, Tesla offset Microsoft slump

Wall Street's main indexes rose on Thursday, driven by post-earnings advances in Meta and Tesla, although Microsoft's weak ...

STAT18h

Cigna’s lower earnings reveal how sick American workers are

Cigna blamed lower-than-expected fourth-quarter returns on its stop-loss insurance business that insures employers from ...

16m

Cigna price target lowered to $355 from $377 at RBC Capital

RBC Capital analyst Ben Hendrix lowered the firm’s price target on Cigna (CI) to $355 from $377 and keeps an Outperform rating on the shares ...

Healthcare Dive19h

Cigna pledges changes to pharmacy, medical benefits following ‘messy’ close to 2024

Fresh off underperforming Wall Street’s expectations in the fourth quarter, Cigna said it would work to lower costs for its ...

14h

Health Care Up as Quest Diagnostics Surges, Cigna Falls -- Health Care Roundup

Shares of Cigna Group slid after the health insurer warned that higher health-care costs in one insurance unit weighed on profitability. Insurers saw profit margins soar in the pandemic as insurees ...

23h

Morning Movers: UPS and Cigna plunge double digits following Q4 results

Check out this morning’s top movers from around Wall Street, compiled by The Fly. Invest with Confidence: Follow TipRanks' Top Wall Street ...

Cigna Stock Dives On Q4 Earnings Miss: 'We Are Taking Corrective Actions To Address These Near-Term Pressures'

Cigna reported fourth-quarter revenue of $65.68 billion, beating analyst estimates of $63.36 billion, according to Benzinga Pro. The company reported fourth-quarter adjusted earnings of $6.64 per ...

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