Cigna projects full-year net income of at least $1.87B

Bloomfield, Conn.-based Cigna expects full-year net income between $1.87 billion and $1.94 billion for 2016.

Advertisement

The insurer reaffirmed its projected full-year 2016 consolidated adjusted income from operations to between $2.02 billion and $2.09 billion in a Jan. 10 filing with the Securities and Exchange Commission.    

Cigna also projects a full-year 2017 total medical customer growth of 300,000 to 500,000 over 2016. The increase reflects growth in each of the insurer’s commercial employer market segments. Cigna added about 100,000 customers to its U.S. individual business and lost about 50,000 Medicare Advantage beneficiaries.  

More articles on payer issues:
Major North Dakota payers won’t cover medical marijuana
Minnesota health insurance exchange sees record-breaking enrollment
Regence BCBS teams up with intergenerational housing community

Advertisement

Next Up in Payer

Advertisement

Comments are closed.