A cutting insert includes a first surface and a second surface each of which is polygonal and that face away from each other; a side surface that is continuous with the first surface and a side surface that is continuous with the second surface; a cutting edge formed along each of a ridge where the first surface and the side surface intersect and a ridge where the second surface and the side surface intersect; a bearing surface formed in each of a part the first surface and a part of the second surface adjacent to an insert center, the bearing surfaces disposed parallel to each other; and a recessed portion that separates the side surface that is continuous with the first surface from the side surface that is continuous with the second surface. The cutting edge includes three corner edges, a first cutting edge, and a second cutting edge, the first and second cutting edges being continuous with each other and located between each pair of the corner edges. A length of the first cutting edge is greater than that of the second cutting edge, an end portion of the first cutting edge adjacent to one of the corner edges is at a position higher than the bearing surface, and an end portion of the first cutting edge opposite to the end portion adjacent to the corner edge is at a position lower than the bearing surface. Each of the first surface, the second surface, and a cross section of the recessed portion has such a shape that outlines of the shape before and after rotation of the insert by 120° around the insert center are coincident with each other. The first surface and the second surface have the same shape, and the second cutting edge of the second surface is located at a corner at which the first cutting edge of the first surface is located.