Cigna Expects Full Year 2024 Medical Care Ratio Of 81.7%-82.5%
Portfolio Pulse from Benzinga Newsdesk
Cigna has announced its expected full-year 2024 medical care ratio to be between 81.7% and 82.5%. This ratio is a key metric for health insurance companies, indicating the percentage of premium revenues spent on medical claims. A lower ratio suggests better cost management and profitability.
October 31, 2024 | 10:04 am
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Cigna's projected medical care ratio for 2024 is between 81.7% and 82.5%, suggesting effective cost management and potential profitability.
The medical care ratio is a critical metric for health insurers, reflecting the proportion of premium income spent on claims. Cigna's forecasted ratio suggests efficient cost management, which is positive for profitability and investor sentiment.
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