Cigna Corp. has only a small presence in the U.S. individual major medical insurance market, but that small presence may be a lot bigger this year than it was last year.
The Bloomfield, Connecticut-based company hinted that it has seen significant growth in individual major medical unit enrollment in a document filed today with the U.S. Securities and Exchange Commission.
Cigna expects to have about 100,000 more U.S. individual major medical enrollees this year than it had last year, according to the filing.
Cigna said in its financial supplement for the third quarter of 2016 that it ended the quarter with 176,000 individual major medical enrollees.
If the company now has 276,000 enrollees, which would imply enrollment is up 57 percent.
The company has been selling coverage for 2017 through the Affordable Care Act exchange programs in seven states.
Cigna prepared the filing to summarize projections for 2017 that it might share this week in San Francisco, at the J.P. Morgan Healthcare Conference.
David Cordani, Cigna's president, will tell attendees that the company expects to report $1.87 billion to $1.94 billion in net income for the year, the company says in the new filing.
