Cigna Raises Profit Forecast on Specialty Drug Strength
On Thursday, Cigna Group upgraded its adjusted profit outlook for the entire year following second-quarter results that surpassed projections. This enhancement was fueled by an increase in sales of specialty medications and the performance of its employer health insurance sector.
Key facts
- Cigna raised its full-year adjusted profit forecast
- Second-quarter results came in ahead of expectations
- Growth in specialty drug sales contributed to the forecast increase
- The employer health insurance business also drove growth
Entities
Institutions
- Cigna Group
Sources
- Quartz —