Dive Brief:

Cigna beat investor expectations on earnings and revenue in the second quarter as the insurer reported strong growth in its Evernorth health services arm.

The company reported revenue of $57.8 billion for Evernorth in the second quarter, up 17% year over year. Adjusted income from operations in the unit was $1.7 billion, increasing 5% from last year, according to Cigna’s second-quarter earnings released Thursday.

Meanwhile, Cigna’s health insurance segment is performing within expectations, even as the insurer has seen “persistently elevated medical costs throughout the year,” COO Brian Evanko said during an earnings call Thursday.

Dive Insight:

Many insurers have struggled with heightened medical costs in the second quarter, particularly those offering health plans o

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