Health insurer Cigna's profit

CIGNA Corporation, said Friday its third-quarter profit fell 35 percent, as some companies discontinued years ago, managed care companies more hits.

Bloomfield, Connecticut, health insurance company, its net income fell to $ 2 million, or 74 cents a share, as of September 30, three months from a year ago, 307 million, or each shares of $ 1.13, $.

Adjusted gross income per share $ 1.20. Accept the average estimate of analysts polled by FactSet, earnings per share $ 1.23.

Income from a year ago of $ 5.27 billion USD, 5.61 billion U.S. dollars by nearly 7%. Analysts expected revenue of $ NR, billion.

Cigna said the results included in the profit and loss, its guaranteed minimum income benefits and variable annuity death benefits business for a total of $ 1,790,000, or 66 cents per share,. Loss was mainly due to low interest rates and "continuing volatile equity market conditions." In contrast, the total loss, compared with $ 44 million, or 16 cents per share.

In 2000, CIGNA stopped running these companies and their mode, which means that its purpose is not new business. But they can still hurt the company's performance, when the market turns bad, because of their CIGNA's liabilities.

Insurance companies said that in the field of health care, its largest business, members rose slightly to about 11.5 million people.
CIGNA's third-quarter profit fell 35 percent, as companies cut more from some of the hit, but the main part of the revenue growth and has become the latest managed care company forecast 2012 growth.
CIGNA is the fourth largest commercial health insurer based on enrollment. It is operating in the U.S. health care, group disability and life areas, the insurer also has an international division in several countries, sales and operation of personal insurance covers people living outside their home countries of foreign business.

Cigna said earlier this week that it expects 2011 adjusted profit of $ 5.05 to $ 5.30 per share, which is from the previous 4.95 to 5.25 U.S. dollars forecast. Analysts expected $ 5.29 per share annual profit. Bloomfield, Connecticut, health insurance company on Friday said it expects its healthcare members next year to add at least 40 million people.

Chief Executive Officer David Cordani told analysts revenue and earnings per share will grow to 2012, excluding discontinued business or its recently announced $ 380 million acquisition of HealthSpring's CIGNA did not affect earnings in 2012 to provide for the specific Forecast.

Health insurance companies have begun to analysts expect them to report third quarter of next year's number sense, WellPoint company also said it expects earnings growth. Another insurance company, Aetna Inc. said Thursday it expects to at least 2012 to 2012 net income per share $ 4.80, but the company believes that its profit potential on the floor.

The department heads to the 2011 health care reform to a new rule of the uncertainty of the medical loss ratio - in essence, the insurer takes care of the percentage of premiums - will affect their business. The impact of the rule turned out to be easy to manage, the company is moving in 2012 with continued growth in use of health care at a lower interest rate than they expected, which helps their performances.

Aetna Chief Financial Officer Joe Zubretsky said: "We are the prospects for progress here, we are very optimistic," Thursday after his company reported better-than-expected third-quarter 2011 revenue and improve its profit forecast.

CIGNA said Friday its net income fell to $ 2 million, or 74 cents a share, 307 million, or $ 1.13 per share, a year ago, in three months, ended September 30, on.

Adjusted earnings, excluding discontinued one of its loss per share of $ 1.20. Accept the average estimate of analysts polled by FactSet, earnings per share $ 1.23.

Income from a year ago of $ 5.27 billion USD, 5.61 billion U.S. dollars by nearly 7%. Analysts expected revenue of $ NR, billion.

Company's shares fell 14 cents to close at $ 46.63 (Friday).

CIGNA said Friday its third-quarter results included a total loss of 179 million, or 66 cents per share, from the guaranteed minimum income benefits and variable annuity death benefits business, due to low interest rates and stock market volatility. In contrast, the total loss, compared with $ 44 million, or 16 cents per share.

In 2000, CIGNA stopped running these companies and their mode, which means that its purpose is not new business. But they still hurt the company's performance, when the market turns bad, because of their CIGNA's liabilities.

CIGNA is the fourth largest commercial health insurer based on enrollment. It is operating in the U.S. health care, group disability and life areas, the insurer also has an international division in several countries, sales and operation of personal insurance covers people living outside their home countries of foreign business.

The largest segment of the market, health care, insurance premiums and costs fell 3% to $ 3.3 billion, and medical membership rose slightly to about 11.5 million people.

The insurer has said that its international business is an important future source of economic growth. Premiums from the business and expenses increased 33%, to $ 765 million in the quarter.

Cigna also said earlier this week that it expects 2011 adjusted profit of $ 5.05 to $ 5.30 per share, which is from the previous 4.95 to 5.25 U.S. dollars forecast. Analysts expected $ 5.29 per share annual profit.