Cigna CEO reveals why $67.18B revenue surge masks $2.31B operating income drop
Key Points
- Cigna's Q2 revenue rose 11% to $67.18 billion, but operating...
Cigna just posted $67.18 billion in Q2 revenue - an 11% jump that sounds impressive until you realize their operating income actually fell from $2.41 billion to $2.31 billion. It's like bragging about eating more pizza while somehow getting less full.
The real star of this financial soap opera is Evernorth Health Services, which shot up 17% to $57.83 billion. Meanwhile, Cigna Healthcare took a nosedive, dropping 18% to $10.75 billion after they decided to ditch their Medicare Advantage business. Think of it as Marie Kondo-ing their portfolio - keeping what sparks joy (profitable pharmacy serv...
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