Thursday, February 5, 2015

Cigna fourth-quarter profit rises 29 percent due to higher premium revenue

Cigna CEO David Cordani is interviewed at Reuters Health Summit 2014 in Washington (Reuters) - Health insurer Cigna Corp reported a 29 percent rise in fourth-quarter profit, driven by increased premium revenue and effective medical cost management. The company's net income attributable to shareholders rose to $467 million, or $1.77 per share, in the quarter ended Dec. 31, from $361 million, or $1.29 per share, a year earlier. Net income attributable to shareholders included a special charge of $40 million, or $0.15 per share, related to organizational costs in the fourth quarter of 2013. Total revenue rose to $8.93 billion from $8.15 billion. ...








via Health News Headlines - Yahoo News http://ift.tt/1xoWyvY

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