Cigna Raises Annual Profit Forecast and Plans Exit from Individual Insurance Market by 2027

Cigna has raised its annual adjusted profit forecast after first-quarter earnings beat Wall Street estimates, fueled by strong health services performance. Alongside its plan to exit the individual health insurance market by 2027, the company has initiated a strategic review of its eviCore unit as part of a broader portfolio assessment. This review aims to optimize the company's business mix and focus on high-growth segments. Despite the improved guidance, Cigna shares (CI) traded marginally lower on Thursday following the release of the results. Management remains optimistic about the fiscal year, even as it prepares to transition 369,000 members out of its individual plans. Analysts are closely monitoring how the potential sale or restructuring of eviCore will impact the company's long-term valuation and operational focus.