Cigna Corporation (NYSE: CI) today reported third quarter 2018 results, with strong performance across all of our businesses.
The insurance company, based out of Bloomfield, Conn., reported total revenues in the quarter were $11.5 billion, an increase of 9% over third quarter 2017, led by continued strong business growth in Cigna's Global Health Care and Global Supplemental Benefits segments.
For the third quarter of 2018, shareholders’ net income was $772 million, or $3.14 per share, compared with $560 million, or $2.21 per share, for the third quarter of 2017.
Cigna's adjusted income from operations for the third quarter of 2018 was $945 million, or $3.84 per share, compared with $716 million, or $2.83 per share, for the third quarter of 2017. This represents per share growth of 36% and reflects continued strong contributions from each of the company’s growth platforms.
"Cigna continues to provide more affordable, personalized solutions for our customers and clients, enabling us to deliver strong results," said David M. Cordani, President and Chief Executive Officer.
"Looking ahead to 2019, we expect to continue driving innovation, growth and value, all of which will be further enhanced through our pending combination with Express Scripts."
Cigna stock galloped $6.35, or 3%, to $220.16 Thursday.
