Cigna 1Q Adjusted Income Beats Expectations

   By Matt Grossman

Cigna Corp. Thursday recorded adjusted income for its first quarter that beat analysts' expectations as adjusted revenue from its health-services and integrated-medical divisions grew.

The Bloomfield, Conn.-based health-care company reported a profit of $1.18 billion, or $3.15 a share, compared with $1.37 billion, or $3.56 a share, for the same period a year earlier.

Adjusted income was $4.69 a share. Analysts were expecting adjusted income of $4.36, according to FactSet.

Total revenue was $38.47 billion, up from $37.95 billion a year earlier. Adjusted revenue was $38.39 billion. Analysts were expecting adjusted revenue of $37.09.

Adjusted revenue for Cigna's health-services division grew to $27.17 billion in the quarter, from $22.46 billion a year earlier. Adjusted revenue for its integrated medical division rose to $9.86 billion from $9.2 billion a year earlier.

Write to Matt Grossman at matt.grossman@wsj.com

(END) Dow Jones Newswires

April 30, 2020 06:32 ET (10:32 GMT)

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