CORRECTED-UPDATE 2-Cigna profit rises and beats analyst expectations

(Reuters) - Insurer Cigna Corp on Thursday reported a third-quarter profit that beat analysts' expectations as revenue increased and it managed medical costs in its commercial business. On that basis, analysts on average had expected $1.63, according to Thomson Reuters I/B/E/S. Cigna, which provides U.S. and overseas health insurance as well as disability and life insurance, said it expected full-year earnings of $6.70 to $6.90 per share. Analysts were expecting $6.65, according to Thomson Reuters I/B/E/S. Revenue rose to $8.1 billion from $7.3 billion. The company said the results reflected continued medical cost management and a lower operating expense ratio that were partly offset by some pressure on its private Medicare plans for older people.



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