Cigna third-quarter profit rises as company contains costs

Reuters

Oct 31 (Reuters) - Cigna Corp said on Thursday thatits third-quarter profit rose due to revenue growth and as itmanaged medical costs in its commercial business, and theresults beat analysts' expectations.

The company reported net income of $553 million, or $1.95per share, up from $466 million, or $1.61 per share, a yearearlier.

Excluding investment gains, it reported profit of $1.89 pershare. On that basis, analysts had expected $1.63, according toThomson Reuters I/B/E/S.

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