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.
- Total CEO de Margerie killed in Moscow as jet hits snow plow |
- Sweden gets two new sightings, as hunt for undersea intruder goes on
- Pistorius starts five-year term for killing Reeva Steenkamp
- U.S. to funnel travelers from Ebola-hit region through five airports
- Ebola crisis turns a corner as U.S. issues new treatment protocols