Cigna Q2 Profit Increases - Quick Facts

(RTTNews) - Cigna Corp. (CI) reported that shareholders' net income for the second quarter of 2015 rose to $588 million or $2.26 per share from $573 million, or $2.12 per share in second quarter of 2014.

Shareholders' net income for the second quarter of 2015 included a special item, which was a charge of $65 million after-tax, or $0.25 per share, related to costs associated with the previously announced early redemption of long term debt.

Cigna's adjusted income from operations for the second quarter of 2015 was $664 million, or $2.55 per share, compared to $559 million, or $2.07 per share, for the second quarter of 2014. Results reflect strong revenue growth, continued effective medical cost management, and disciplined operating expense management.

Analysts polled by Thomson Reuters expected the company to report earnings of $2.31 per share. Analysts' estimates typically exclude special items.

Consolidated revenues in the quarter were $9.5 billion, an increase of 9% over second quarter 2014 primarily driven by continued growth in Cigna's targeted customer segments. Wall Street expected revenues of $9.53 billion.

Cigna's outlook for full year 2015 consolidated adjusted income from operations is in the range of $2.16 billion to $2.24 billion, or $8.30 to $8.60 per share. Cigna's outlook excludes the potential effects of future capital deployment. Wall Street currently is looking for fiscal year 2015 earnings of $8.56 per share on annual revenues of $38.29 billion.