Cigna’s Earnings Top Analyst Estimates on Evernorth Growth (1)

Cigna Group reported second-quarter earnings that exceeded analysts’ expectations, driven by growth in its health services division.

Adjusted income from operations was $6.72 a share, ahead of the average of analyst estimates compiled by Bloomberg. The health-care giant affirmed its forecast for adjusted 2024 earnings of at least $28.40 a share.

Revenue in the quarter also exceeded analysts’ expectations, reflecting large client wins in the company’s Evernorth Health Services business, Cigna said in a statement Thursday. The shares were little changed in premarket trading.

US health insurers have faced a rocky first half of the year with unexpected medical costs, ...