Cigna posts $1.7 billion Q2 profit as new CEO steers growth
Cigna reported a second-quarter net income of about $1.66 billion, lifting its 2026 earnings outlook, under the leadership of newly appointed CEO Brian Evanko.
Cigna announced second-quarter earnings of $1.66 billion, or $6.29 per share, surpassing the prior-year results and prompting an upgrade of its 2026 earnings target to a minimum of $30.45 per share. Total revenue increased 7% year over year to $71.7 billion, reflecting expansion in both its Evernorth Health Services division and the core Cigna Healthcare business. The company’s medical cost ratio climbed to 84.5% from 83.2% a year earlier, yet remains lower than the 90%-plus ratios.
Recent strategic moves include selling its Medicare operations to Health Care Service Corp. and announcing a 2027 exit from the individual ACA market. Brian Evanko, who assumed the role of President and CEO on July 1, highlighted the role of technology, data and artificial intelligence in delivering personalized care, improving access and containing costs. He said the strong quarter demonstrates the effectiveness of Cigna’s current strategy and execution.
Why it matters
The results show Cigna’s financial health and strategic direction under new leadership, affecting investors and policyholders.
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