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Cigna Reports Strong Second Quarter 2013 Results, Raises Outlook

Posted on 02 Aug 2013 by Neilson

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CIGNA second quarter profitsCigna Corporation today reported strong second quarter 2013 results, with each of the Company's business segments posting revenue and earnings growth.

Consolidated revenues in the second quarter of 2013 were $8.0 billion, an increase of 8% over the second quarter of 2012. Revenues reflect growth in premiums and fees of 5% in Global Health Care, 35% in Global Supplemental Benefits and 10% in Group Disability and Life, driven by continued growth in our targeted customer segments.

Cigna's adjusted income from operation for the second quarter of 2013 was $512 million, or $1.78 per share, compared with $434 million, or $1.49 per share, for the second quarter of 2012. These second quarter results include strong revenue growth and favorable medical costs and operating expenses.

"We are creating value for our customers and clients in each of our business segments through sustained investments in capabilities and innovation to deliver on our ongoing commitment to quality, service and affordability," said David M. Cordani, President and Chief Executive Officer. "Our performance this quarter continues Cigna's track-record of attractive financial results driven by the effective execution of our strategy across all of our business lines."