CIGNA Reports Second Quarter 2007 Results

Philadelphia-based CIGNA Corporation today reported net income of $198 million, or $0.68 per share, for the second quarter of 2007 compared with $273 million, or $0.78 per share, for the same period last year. Net income for the second quarter of 2007 included a special item charge of $56 million after-tax, or $0.19 per share, related to the Run-off Reinsurance business.

Source: Source: CIGNA | Published on August 1, 2007

CIGNA's adjusted income from operations was $279 million, or $0.96 per share, for the second quarter of 2007 versus $270 million, or $0.77 per share, for the same period last year. This quarter's earnings reflect strong results in CIGNA's health care, disability and life, and international businesses.

"Second quarter consolidated results exceeded our earnings expectations and reflected strong execution of our strategies in each of our businesses," said CIGNA Chairman and CEO H. Edward Hanway. "Employers have become increasingly aware of how our programs and resources assist their employees to lead healthier and more productive lives while lowering their employee benefit expenses in a cost-effective manner."