Cigna’s profits grow to $1.4B in Q2, driven by Express Scripts integration

Cigna reported higher revenue, operating income and profits in the second quarter of fiscal year 2019, driven by its combination with Express Scripts.

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Cigna saw its total revenues climb 238 percent year over year to $38.8 billion in the three months ended June 30, compared to $11.5 billion in the year prior, according to financial documents.

At the same time, Cigna recorded a 255 percent increase in expenses, recording $36.7 billion in the second quarter of 2019 compared to $10.3 billion in the same period a year prior.

Cigna reported operating income of $2.2 billion in the second quarter, up 86 percent from $1.2 billion in the same period a year prior.

Cigna ended the second quarter with net income of $1.4 billion, compared to $808 million reported in the same period a year prior.

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