Cigna Dodges Insurance Turmoil to Beat Wall Street Estimates

Cigna Group reported second-quarter profit slightly ahead of analysts’ expectations and affirmed its outlook for the year, a sign of stability in a turbulent time for the broader health insurance sector.

Adjusted income from operations was $7.20 a share, the company said in a statement Thursday, surpassing the average estimate from analysts in a Bloomberg survey. A key measure of how much premium revenue is spent on medical costs was more favorable than Wall Street expected.