Seeking Alpha

More on Cigna Q1: Net profit $528M, ups FY EPS outlook

  • Cigna's (CI +3.5%) net profit jumped to $528M from $57M a year earlier, when the health insurer took a major charge for a reinsurance transaction.
  • Global health-care: premiums and fees +2.9% to $5.99B, adjusted margin slips to 6.6% from 6.7%.
  • Disability and life-insurance: premiums and fees +6.7% to $916M, adjusted margin grows to 6.7% from 5.2%.
  • Total medical customers edges up to 14.2M from 14.1M a year earlier and from almost 14.1M in Q4.
  • Increases FY EPS guidance to $7.05-7.35 from a prior outlook of $6.80-7.20 a share. Cigna also expects consolidated adjusted income from operations of $1.93-2B.
  • Analysts predict FY EPS of $7.17. (PR)
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