Bloomfield, Conn.-based health insurer Cigna has reported its fiscal year 2015 fourth quarter results, as well as its results for the full year.
Here are five things to know about Cigna's financial results, as well as its financial expectations for 2016.
1. Shareholder income sank by 8.9 percent from the fourth quarter of 2014 to the fourth quarter of 2015. For the fourth quarter of 2015, the net income for shareholders was $426 million, or $1.64 per share, compared with $467 million, or $1.77 per share in the fourth quarter of fiscal year 2014.
2. Adjusted income from operations rose 2.3 percent between the fourth quarter of 2014 and the fourth quarter of 2015. Adjusted income from operations was $486 million, or $1.87 per share, for the fourth quarter of 2015. In the fourth quarter of 2014, adjusted income from operations was $475 million, or $1.80 per share.
3. Over 2014, Cigna's adjusted income grew 10 percent per share. The insurer's adjusted income from operations for full year 2015 was $2.3 billion, or $8.66 per share, compared with an adjusted income from operations of $2.1 billion, or $7.87 per share, in 2014.
4. The insurer's consolidated revenues grew between 2014 and 2015. For 2015, consolidated revenues were $37.9 billion, which represents an increase of 8 percent over 2014.
5. Cigna expects a strong 2016. For the full year 2016, the insurer anticipates consolidated adjusted income from operations to be in the range of $8.85 to $9.25 per share.