Health insurer Cigna Corp. (CI) reported a plunge in first-quarter shareholders' net income to $57 million, or $0.20 per share, from $371 million, or $1.28 per share, last year. Shareholders' net income included special items which generated losses of $558 million after-tax, or $1.93 per share in the first quarter of 2013, and $41 million after-tax, or $0.14 per share, in the previous year, the company added. It also included realized investment gains of $93 million after-tax, or $0.32 per share, in the recent quarter.
On a per share basis, quarterly adjusted income from operations totaled $1.72. On average, 18 analysts polled by Thomson Reuters expected earnings per share of $1.43 for the quarter. Analysts' estimates typically exclude one-time items.
Total revenues of $8.2 billion, were 21% higher than $6.75 billion in the first quarter of 2012, reflecting growth in premiums and fees of 20% in Global Health Care, 36% in Global Supplemental Benefits and 12% in Group Disability and Life, driven by continued growth in its targeted customer segments. Analysts estimated revenues of $7.31 billion for the quarter.
For the year 2013, the company increased its outlook for earnings, on an adjusted income from operations basis, to $1.735 billion - $1.865 billion, or $6.00 - $6.45 per share, from its earlier target of $1.7 billion - $1.83 billion or $5.85 - $6.30 per share. Analysts project annual earnings of $6.35 per share.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.