Cigna boosted its first quarter revenue by more than 25 percent to a total of $6.79 billion, but for the second straight quarter, the Connecticut-based health insurer had to absorb a $28 million after-tax charge related to its $3.8 billion acquisition of HealthSpring in January. Cigna also recorded an after-tax loss of $13 million related to an unnamed litigation matter.
Cigna raised its full-year 2012 earnings outlook, as it added 1.2 million people to its insurance rolls in the quarter ended March 31, 2012.
More Articles on Cigna:
Cigna On Pace to Hit Target Goal of 100 Accountable Care Initiatives By 2014
Cigna Strikes Accountable Care Deal With Virginia Primary Care Group
Cigna CEO’s Compensation Rises 27% From Last Year
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.
