Cigna says fourth-quarter profit fell, forecasts 2014 growth
Feb 7 (Reuters) - Cigna Corp, which provides health and other insurance, on Friday reported a lower fourth-quarter profit as medical costs in its private Medicare business came in higher than anticipated, and the company said it expected 2014 earnings to grow.
Cigna reported net income of $361 million, or $1.29 per share, down from $406 million, or $1.41 per share, a year earlier.
The latest results included a $40 million item, or 15 cents per share, for restructuring costs, while those in the 2012 period included $68 million, or 24 cents per share, for litigation.
Excluding those items, earnings fell to $1.39 per share from $1.57.
- Thousands of Gaza civilians flee after Israeli warning |
- Three dead, two wounded in Pasadena, California shootings
- Teen survivor of Texas shootings says slain family members 'in much better place'
- Rape and murder of 13-year-old spark debate in junta-ruled Thailand
- Israeli commandos clash with Hamas gunmen in Gaza raid