Forbes February 3, 2022
Cigna reported $1.1 billion net income for the fourth quarter of last year aided by the company’s Evernorth health services business which manages pharmacy benefits.
Evernorth, which includes the pharmacy benefit management company Cigna bought with its 2018 acquisition of Express Scripts, helped boost the company’s total revenue 10% to $45.7 billion and ahead of analysts’ expectations compared to $41.7 billion in the year-ago period, the company said Thursday in its fourth quarter 2021 earnings report. Cigna’s net income was down 73% from last year’s fourth quarter, which included the after tax gain of $3.2 billion from the 2020 sale of its group disability and life business.
Still, Cigna’s diversified portfolio, which includes commercial and government lines of health insurance…