Cigna is raising its outlook for the year after beating the Street on both earnings and revenue in the second quarter of 2026.
The company posted $1.7 billion in profit for the quarter as well as $71.7 billion in revenue, both of which surpassed Wall Street analysts’ predictions, according to Zacks Investment Research. By comparison, Cigna earned $1.5 billion in profit and $67.2 billion in revenue in the prior-year quarter.
Through the first six months of the year, revenues were $140.2 billion and profit was $3.3 billion, per the company’s earnings report released Thursday morning. In the first half of 2025, the company posted $132.7 billion in revenue and $2.9 billion in profit.
In addition, the company reported a medical loss ratio of 84.5% in the second quarter, up slightly from 83.2% in Q2 2025. Cigna attributed this to larger risk adjustment benefits from individual and family plans in the prior-year quarter.
CEO Brian Evanko said in the announcement that the quarter’s results highlight the company’s progress toward its key goals and “demonstrate the effectiveness of our strategy and execution.” Evanko is hosting the company’s earnings as CEO for the first time, after taking the helm on July 1.
“Our purpose is to improve the lives of each and every customer and patient we serve,” Evanko said in the press release. “By harnessing technology, data and AI to deliver more personalized experiences, improve access and lower costs, we are creating greater value every day.”
At Evernorth, adjusted revenues were $61.5 billion in the quarter, up from $57.8 billion a year ago.
The number of pharmacy benefit customers dipped in the quarter to 118.2 million, and Cigna said this is due to expected client transitions as well as lower membership from its health plan clients.
For Cigna Healthcare, meanwhile, adjusted revenues in Q2 were $11.7 billion compared to $10.8 billion in the prior-year quarter. The company attributed the revenue growth to higher premiums in response to rising medical costs.
Medical membership was 18.4 million in the second quarter, growing slightly from the end of 2025’s 18.1 million headcount. Cigna said that the growth was largely seen in the middle and select markets, though that was offset by lower membership seen in bigger national accounts.
Cigna now expects at least $30.45 in earnings per share, up from its Q1 outlook of at least $30.35 in EPS.