Cigna Corporation announced Thursday it will exit the Affordable Care Act exchanges in 2027, becoming the second major health insurer to withdraw from the individual marketplace amid ongoing financial pressures.

The decision was revealed during Cigna's first-quarter earnings call, where executives cited continued challenges in the ACA marketplace environment. The announcement comes as the individual insurance market faces uncertainty following the expiration of enhanced federal subsidies that had helped stabilize coverage costs for consumers.

Despite the planned exit, Cigna reported strong first-quarter financial results, posting $1.7 billion in net income that exceeded analyst expectations. The company's performance in other business segments appeared to offset concerns about its ACA marketplace participation.

The withdrawal adds to broader instability in the individual health insurance market, where insurers have faced challenges balancing coverage costs with profitability. Industry analysts have noted that the end of enhanced federal subsidies has created additional pressure on both insurers and consumers in the marketplace.

Cigna's exit is expected to affect customers currently enrolled in ACA plans through the company, though the timeline provides nearly three years for affected individuals to transition to alternative coverage options. The company has not yet detailed specific plans for existing policyholders during the transition period.