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Story summary
- Cigna will exit the ACA individual marketplaces after 2026, ending coverage for about 369,000 members in 11 states.
- Cigna reported Q1 revenue of $68.5 billion and raised its earnings outlook to at least $30.35 per share.
- COO Brian Evanko will become CEO on July 1, saying the exit lets Cigna focus on Evernorth specialty and pharmacy-benefit management.
- The quarter’s ACA enrollment decline to 369,000 coincided with Cigna’s share price falling to $291.46.
