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.
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