Cigna Increases Adjusted. Earnings, Adjusted. Revenue Estimates, Lowers Medical Customer Growth Guidance

   By Allison Prang

Cigna Corp. (CI) raised its expectations for adjusted earnings from operations and adjusted revenue but lowered its guidance for medical customer growth.

The company now expects adjusted income from operations to be between $16.60 a share and $16.90 a share. It had previously said it was expecting between $16.25 a share and $16.65 a share. Analysts polled by FactSet expect $16.53 a share.

Cigna expects between $136 billion and $137 billion in adjusted revenue. It was expecting between $132.5 billion and $134.5 billion.

The company is expecting growth of about 200,000 medical customers. It had been expecting medical customers to grow by between 300,000 and 400,000.

The company expects its selling, general and administrative expense ratio to be under 10%. It had been expecting it to be between 10% and 10.5%.

Write to Allison Prang at allison.prang@wsj.com

(END) Dow Jones Newswires

August 01, 2019 08:11 ET (12:11 GMT)

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