Health insurer Cigna reports better-than-expected profit

2015-11-06 1

Health insurer Cigna Corp reported a better-than-expected quarterly profit, helped by strong performance in its government and commercial businesses.
Revenue at Cigna's unit that sells commercial and government plans rose 8 percent to $6.62 billion.
Membership in government plans, in particular, increased 8.5 percent.
Cigna manages insurance plans for large companies and sells health plans to individuals on government exchanges created under the U.S. Affordable Care Act.
It also manages government Medicare and Medicaid plans.
Net income attributable to the company's shareholders rose to $547 million, or $2.10 per share, in the third quarter ended Sept. 30, from $534 million, or $2.01 per share, a year earlier.

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