CIGNA Reports First Quarter 2010 Results
l First quarter 2010 shareholders’ net income was $283 million, or $1.02 per share, compared to $208
million, or $0.76 per share, for the same period last year.
l Adjusted income from operations1 in the quarter was $281 million, or $1.01 per share, reflecting the
strength of our diversified global portfolio, with each of our ongoing businesses reporting year over
year earnings growth.
l The Company's estimate for full year 2010 adjusted income from operations1,2 for the Group
Disability and Life and International segments has been increased to a range of $475 million to
$505 million.
l The Company's estimate for full year 2010 adjusted income from operations1,2 for the Health Care
segment continues to be in the range of $720 million to $790 million.
l The Company continues to estimate full year 2010 earnings per share, on an adjusted income from
operations1,2 basis, to be in the range of $3.75 to $4.15 per share.
May 06, 2010 06:03 AM Eastern Daylight Time
PHILADELPHIA--(EON: Enhanced Online News)--CIGNA Corporation (NYSE:CI) today reported
shareholders’ net income of $283 million, or $1.02 per share, for the first quarter of 2010 compared with
shareholders’ net income of $208 million, or $0.76 per share, for the same period last year. Shareholders’ net
income for the first quarter 2009 included a loss of $26 million, or $0.10 per share, related to the Run-off
Reinsurance operations and a special item5 benefit of $20 million after-tax, or $0.08 per share, related to the
completion of an IRS examination.
CIGNA's adjusted income from operations1 for the first quarter of 2010 was $281 million, or $1.01 per share,
compared to adjusted income from operations1 of $188 million, or $0.69 per share, for the same period last year.
First quarter 2009 results included losses of $49 million after-tax, or $0.18 per share, from the VADBe3 business.
As a result of continued stability in the equity markets, no reserve strengthening was required for the VAD