Cigna -4% as Q4 profit drops 11%, issues downside guidance


Cigna (CI) -3.9% premarket after Q4 earnings dropped 11% as global health care margins slipped and it lost members from the prior quarter.

Issues downside guidance for FY 2014, seeing EPS of $6.80-$7.20 vs. $7.32 analyst consensus estimate.

The global health care segment, CI's largest, posted 6% higher premiums and fees; adjusted margin in the division fell to 5% from 6.7%, reflecting higher medical costs in its Medicare Advantage business.

Premiums and fees revenue rose 6.7% to $7.28B; total overall revenue gained 7% to $8.15B.

Total medical customers rose 1.2% to 14.22M from 14.05M a year ago, but fell from 14.3M in Q3.

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