Total revenue remained steady at $5.46 billion, compared with $5.43 billion in the fourth quarter of 2010.
For the entire 2011 fiscal year, Cigna recorded a profit of $1.33 billion, slightly down from the $1.35 billion in FY 2010. Total revenue reached $22 billion in 2011, up about 4 percent from last year.
Cigna also recorded an after-tax loss of $28 million in the fourth quarter of 2011, which was related to the costs of its HealthSpring acquisition. Cigna closed on the HealthSpring transaction earlier this week.
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Cigna Launches Accountable Care Program With Weill Cornell Physicians
Medicare, Medicaid Plans Have Boosted Health Insurers’ Revenues by 6% Over Past Three Years
