A cutting insert comprises: a first end surface and a second end surface which are opposed to each other; a peripheral side surface which extends so as to connect the first end surface and the second end surface; a first cutting edge which is arranged in an intersecting edge between the first end surface and the peripheral side surface; and a second cutting edge which is arranged in an intersecting edge between the second end surface and the peripheral side surface. The peripheral side surface includes a first flank which is connected to the first cutting edge and an intermediate peripheral side surface portion which is arranged closer to the second end surface than the first flank. The first flank extends in a direction perpendicular to the first end surface. The intermediate peripheral side surface portion protrudes outward from the first flank.