CIGNA (CI) Q3 Results - Q3 Top Health Insurance Company Earnings Report

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View CIGNA's (CI) Q3 Earnings Report

 


Highlights:

  • Third-quarter 2009 revenues for CIGNA fell to $4.5 billion from $4.8 billion in the third-quarter of the previous year.
  • Shareholders' net income was $1.19 per share in the quarter, compared to $0.62 per share for the same period last year.
  • Overall net income totaled $329 million for Q3 2009, compared with $171 million for the same period last year.
  • Despite the revenue slide, CIGNA attributed it's overall profits to the discontinuance of a reinsurance business that had the company bleeding in previous quarters. CIGNA also is in the midst of laying off 1,100 employees company-wide.

Check out CIGNA's current earnings estimates from CNN Money

CIGNA's website: www.cigna.com

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