CIGNA (CI) Q3 Results - Q3 Top Health Insurance Company Earnings Report
View CIGNA's (CI) Q3 Earnings Report
- 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.
CIGNA's website: www.cigna.com