Cigna expects to back nonprofit, membership perspective
Wednesday, Sep 02,2009, 10:49:51 AM Click:
The Philadelphia company said it will back its forecast of $1.04 billion to $1.1 billion in adjusted profit, and its estimate that enrollment will fall between 5 and 5.5 percent for the year. The company had about 11.7 million members at the start of 2009.
The profit forecast assumes the company's variable annuity death benefits difference will be roughly break-even for the last six months of this year. Cigna said it will be discussing its outlook with analysts and investors for the rest of this week. The forecast was disclosed in a filing with the Securities and Exchange Commission.
At the end of July, Cigna called for an adjusted profit of $3.80 to $4 per share this year. Analysts now expect $3.85 per share, according to Thomson Reuters.
The company's shares fell 24 cents to $29.43 before the filing.
You may also be interested in:
Featured
Fitch Expects to Rate ACE INA Holdings' $500MM Sr.
CHICAGO--(BUSINESS WIRE)-- Fitch Ratings expects to assign an 'A' rating to the
National Trust for Historic Preservation and Fireman's
Copyright: Business Wire Source: Business Wire Wordcount: WASHINGTON -
AP Source: AIG agrees to sell 2 NYC buildings
CHARLOTTE, North Carolina_The embattled insurer American International Group
AIG Posts First Profit Since 2007
American International Group, Inc. (AIG) reported its first quarterly profit
American Physicians Capital, Inc. Announces Dates to
EAST LANSING, Mich.--(BUSINESS WIRE)-- American Physicians Capital, Inc.
A Taxing Decision: What to do with your refund
Copyright: Unknown Source: PR Newswire U.S. Wordcount: Five tips for making the
MOST POPULAR
- Most Read
- Most Discussed
- Most Emailed
- A.M. Best Places Ratings of Forethought Life Insurance Compa
- A.M. Best Downgrades Issuer Credit and Debt Ratings of Jackson National Life Insurance Company and Its Affiliates
- A.M. Best Downgrades Ratings of Bankers Life Insurance Company; Revises Outlook to Negative
- Farmers Insurance(R) Named One of the 'Best Companies to Work For' in the Greater Kansas City Area
- Till Death Do Us Part; How second-to-die life insurance pol
- Chartis Charts Its Path Away From AIG
- A.M. Best Revises Outlook to Negative for AXA Financial, Inc
- Prepared Insurance Strategy Shaped by Florida Regulation, Rates
- Bank of America began to reduce the principal amount of mortgage loan modifications
- A.M. Best Downgrades Issuer Credit Ratings of Primerica Life
-
Deutsche Insurance Division Kaj as Global Strategic Development -
'Strictly Come Chancing'-Saturday Night 'Sneak-In' Thieves on the Rise Warns Swinton Insurance -
Farmers Insurance "Team Minnesota" Caravan of tran -
Assured Guaranty Ltd annonce l'exercice des options de surallocation dans les actions ordinaires et d'équité Offerings -
Southern Bank, Springfield, Missouri, Assumes All of the Deposits of Vantus Bank, Sioux City, Iowa -
Zurich now offers three new insurance programs for energy se -
Hawaii Pacific Health, Humana sign agreement -
Five steps to maximize retirement savings


Discuss this news
Click Here to see all comments