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Published 3 months ago

Why Is Health Insurance Plan Provider Cigna Stock Trading Higher Today? - Cigna Group (NYSE:CI)

Summary by Benzinga
Friday, Cigna Corporation (NYSE:CI) reported fourth-quarter 2023 sales of $ 51.15 billion, up 12% Y/Y, beating the consensus of $48.89 billion, reflecting strong growth across Evernorth Health Services and Cigna Healthcare. Cigna Healthcare’s fourth quarter adjusted sales increased 17% Y/Y to $13 billion, reflecting customer growth and premium rate increases to cover underlying medical cost trends. Cigna’s medical cost ratio – or spending on cla…

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BenzingaBenzinga

Why Is Health Insurance Plan Provider Cigna Stock Trading Higher Today? - Cigna Group (NYSE:CI)

Friday, Cigna Corporation (NYSE:CI) reported fourth-quarter 2023 sales of $ 51.15 billion, up 12% Y/Y, beating the consensus of $48.89 billion, reflecting strong growth across Evernorth Health Services and Cigna Healthcare. Cigna Healthcare’s fourth quarter adjusted sales increased 17% Y/Y to $13 billion, reflecting customer growth and premium rate increases to cover underlying medical cost trends. Cigna’s medical cost ratio – or spending on cla…

3 months ago·New York, United States
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