Cigna 2024 Profits Eclipse $3 Billion Despite Rising Costs

1. Cigna reported $3.4 billion net income in 2024 despite rising medical costs. 2. Medical cost ratio rose to 87.9% in Q4 2024, from 82.2% a year ago. 3. Cigna plans to divest its Medicare business for $3.3 billion to HCSC. 4. Total revenues increased 27% to $247.1 billion, driven by Evernorth Health Services. 5. Pharmacy customers grew 20% to 118.3 million by end of last year.