Cigna Q3 profit bolstered by higher enrollment in government plans: 5 things to know


Cigna's revenue in the third quarter of fiscal year 2015 fell short of Wall Street expectations, but the Bloomfield, Conn.-based health insurer reported better-than-expected overall earnings.

Here are five things to know about Cigna's most-recent financial results.

1. The health insurer reported its revenue was up 7 percent year over year to $9.39 billion in the third quarter of FY 2015, missing estimates of $9.52 billion.

2. Net income attributable to Cigna's shareholders rose to $547 million in the third quarter, compared to $534 million in the same period a year ago. Cigna's adjusted income from operations was $593 million, up from $548 million a year ago.

3. The health insurer's earnings received a boost from strong performance in its commercial and government businesses. Cigna said its premiums and fees increased 8 percent compared to the third quarter of last year, which was partially driven by customer growth in the company's government business.

4. At the end of the third quarter, Cigna had 14.85 million total medical customers, compared with 14.35 million a year earlier.

5. The health insurer reported a commercial medical cost ratio of 79.3 percent and a government medical cost ratio of 83.6 percent in the third quarter of 2015.

More articles on payer issues:

California fines top insurers $600k for overstating physician networks
Anthem Q3 profit hampered by drop in ACA exchange membership
Aetna's better-than-expected Q3 raises 2015 projections

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