Advertising

The Seattle Times Company

NWjobs | NWautos | NWhomes | NWsource | Free Classifieds | seattletimes.com

The Seattle Times

Business / Technology


Our network sites seattletimes.com | Advanced

Friday, August 1, 2008 - Page updated at 03:55 AM

E-mail article     Print view      Share:    Digg     Newsvine

Cigna 2Q profit jumps 37 percent

Health insurer Cigna says its second-quarter profit rose 37 percent on a jump in premiums and fees as the company's acquisition of Great West Healthcare boosted membership.

NEW YORK —

Health insurer Cigna says its second-quarter profit rose 37 percent on a jump in premiums and fees as the company's acquisition of Great West Healthcare boosted membership.

Profit rose to $272 million, or 97 cents per share, from profit of $198 million, or 68 cents per share, during the same period a year ago. Excluding one-time gains and charges, the company earned $1.08 per share in the latest quarter.

Revenue rose 11 percent to $4.86 billion from $4.38 billion.

The results easily beat the average estimates of analysts polled by Thomson Financial, who forecast profit of 97 cents per share on revenue of $4.76 billion.

Cigna expects adjusted profit between $4.05 and $4.25 for the full year, while analysts expect $4.17 per share.

Copyright © 2008 The Seattle Times Company

NEW - 07:50 AM
Alder gets $85M advance in big Bristol-Myers deal

Bill Clinton meets with Senate Dems on health care

UPDATE - 07:40 AM
Housing plan reaches 1 in 5 borrowers

Credit-card holders to pay the price for banks' struggles

Kraft's offer for sweets giant Cadbury turns bitter after rejection

Advertising

This feature requires Flash 7.

Download Flash

Top video | World | Science / Tech | Entertainment

Marketplace

nwautos

2009's most fuel-efficient sedansnew
Choosing a new sedan? Weigh the impact of your choice on your wallet and on the planet.
Post a comment

Open Houses

Find this weekend's open house listings.
Or search by location:
Advertising