CIGNA First Quarter Earnings Call
6th May 2008 00:00 AM |
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| Results reflect the difficult environ for the Health Care segment, and the continued strength of the Disability and Life and International businesses. |
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| The medical insurance firm reported a 5% decline in adjusted income to $265 million or 94 cents a share, despite revenues rising 4.6% to $4.6 billion as the diverse mix of business provides unique opportunities to grow profitably. The firm now expects to have the capacity to resume share repurchase, or consider additional acquisitions during the second quarter of 2008. |
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Cigna Fourth Quarter Earnings Call
19th March 2008 00:00 AM |
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| Income rose 11% to $232 million, or $2.28 a share from $210 million, or $1.67 a share in 2005 on strong results in the health and related benefits bus |
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| The health care company reported a marginal drop in revenues to $4.2 billion from $4.21 billion in the prior year on lower investment income despite. The firm improved the fundamentals of the health care business and set the stage for strong membership and earnings growth going forward. The guarantee cost medical loss ratio continued to improve, reflecting continued strong execution of the pricing actions and effective medical cost management. |
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CIGNA First Quarter Earnings Call
2nd July 2007 00:00 AM |
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| Net income was $289 million or $2.93 per share compared with $352 million or $2.87 per share in the prior year quarter. |
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| The healthcare company reported consolidated revenue of $4.4 billion as against $4.1 billion in the prior year quarter. During the quarter, healthcare membership grew by approximately 440,000 in the quarter, a 4.7% increase relative to year-end 2006. In the first quarter, the firm repurchased approximately 4.2 million shares of its stock for $575 million. For fiscal 2007, the firm currently expects consolidated adjusted income from operations of $1.005 billion to $1.070 billion. |
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