Recent

% | $
Quotes you view appear here for quick access.

Cigna Corp. Message Board

  • bluecheese4u bluecheese4u Feb 7, 2013 9:39 AM Flag

    CIGNA REPORTS STRONG FULL YEAR 2012 RESULTS, EXPECTS CONTINUED POSITIVE MOMENTUM FOR 2013

    CIGNA REPORTS STRONG FULL YEAR 2012 RESULTS, EXPECTS CONTINUED POSITIVE MOMENTUM FOR 2013

    o Consolidated revenues for full year 2012 increased 33% to $29.1 billion.
    o Adjusted income from operations1 for full year 2012 was $1.73 billion, or $5.99 per share,
    which represents per share growth of 21% over 2011. Shareholders’ net income1 for full year
    2012 was $1.62 billion, or $5.61 per share.
    o Cigna's global medical customer base grew by 1.4 million people during 2012, reflecting strong
    growth across our Commercial and Government businesses, including contributions from the
    HealthSpring acquisition.
    o The Company increased its outlook for full year 2013 consolidated adjusted income from
    operations1,3 to be in the range of $1.7 billion to $1.83 billion, or $5.85 to $6.30 per share.

    BLOOMFIELD, CT, February 7, 2013 – Cigna Corporation (NYSE: CI) today reported full year 2012
    consolidated revenues of $29.1 billion, an increase of 33% over 2011. Revenues reflect growth in premiums and
    fees of 38% from ongoing operations, primarily driven by contributions from the HealthSpring acquisition and
    continued organic growth in targeted customer segments.
    “Cigna's operating performance in 2012 was strong, driven by effective execution of our strategy and a
    consistent focus on delivering value for our customers,” said David M. Cordani, President and Chief Executive
    Officer. “This focus on our global customers and the disciplined management of our differentiated businesses
    continues to drive our growth and positions Cigna well for attractive performance in 2013 and beyond.”
    Cigna’s adjusted income from operations1 for full year 2012 was $1.73 billion, or $5.99 per share, compared with
    $1.36 billion, or $4.96 per share, for full year 2011 which represents per share growth of 21% over 2011. For the
    fourth quarter of 2012, adjusted income from operations1 was $452 million, or $1.57 per share, compared to $293
    million, or $1.05 per share, for the fourth quarter of 2011.
    Cigna reported full year 2012 shareholders’ net income1 of $1.62 billion, or $5.61 per share, compared with $1.26
    billion, or $4.59 per share, for full year 2011. Shareholders’ net income1 included income of $29 million, or $0.10
    per share, in 2012 and losses of $135 million, or $0.49 per share, in 2011 related to the Guaranteed Minimum
    Income Benefits (GMIB)2,5 business within our Run-off Reinsurance segment. Shareholders’ net income1 also
    included special items4 which resulted in losses of $171 million, or $0.59 per share, in 2012 compared to losses of
    $7 million, or $0.03 per share, in 2011.
    Cigna also reported fourth quarter 2012 shareholders’ net income1 of $406 million, or $1.41 per share, compared
    with $273 million, or $0.98 per share, for the fourth quarter of 2011. Shareholders’ net income1 included income of
    $7 million, or $0.02 per share, in the fourth quarter of 2012 and income of $7 million, or $0.03 per share, in the
    same period of 2011 related to the Run-off GMIB2,5 business. Shareholders’ net income1 in the fourth quarter of
    2012 also included special items4 which resulted in losses of $68 million, or $0.24 per share, related to litigation
    matters, compared to losses of $31 million, or $0.11 per share, in the fourth quarter of 2011.

    cignaDOTcom/assets/docs/about-cigna/Investor%20Relations/CignaCorp_4Q12Release.pdf

    Fourth Quarter 2012 Financial Supplement
    cignaDOTcom/assets/docs/about-cigna/Investor%20Relations/CignaCorp_4Q12QFS.pdf

    Form 8-K: Announcing certain changes to Cigna's reporting segments
    cignaDOTcom/assets/docs/about-cigna/Investor%20Relations/cignacorp-form8k-1-24-2013.pdf

    2012 Investor Day Presentation
    cignaDOTcom/assets/docs/about-cigna/Investor%20Relations/CignaCorp_2012InvestorDay.pdf

 
CI
146.00+5.68(+4.05%)Jul 22 4:01 PMEDT