Cigna Sets 2020 Outlook

Date : 02/06/2020 @ 11:57AM
Source : Dow Jones News
Stock : Cigna Corporation (CI)
Quote : 177.17  3.68 (2.12%) @ 11:00PM
After Hours
Last Trade
Last $ 177.17 ◊ 0.00 (0.00%)

Cigna Sets 2020 Outlook

Cigna (NYSE:CI)
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By Dave Sebastian

 

Cigna Corp. (CI) on Thursday set its financial outlook for 2020 as it beat adjusted profit and sales expectations for the fourth quarter.

The insurer expects adjusted income from operations of $6.8 billion to $7 billion, or $18-$18.60 a share for the full year. It sees adjusted revenue of $154 billion to $156 billion, representing 10% to 11% growth over 2019.

In its integrated medical segment, the company sees medical care ratio of 80.2% to 81.2% for the year.

Cigna shares were off 0.1% in premarket trading.

Write to Dave Sebastian at dave.sebastian@wsj.com

 

(END) Dow Jones Newswires

February 06, 2020 06:42 ET (11:42 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.

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