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Stock Market & Financial Investment News

News Breaks
March 7, 2013
07:45 EDTCICigna to reaffirm consolidated adjusted income from ops estimates for FY13
Beginning on March 7 and through March 12, Cigna officials expect to participate in meetings and discussions with investors and analysts, including the Barclays Global Healthcare Conference. During these meetings, company officials expect to reaffirm consolidated adjusted income from operations estimates for FY13, which remain in the range of $1.70B-$1.83B. Because the company’s earnings outlook is based on consolidated adjusted income (loss) from operations, the company’s FY13 financial outlook does not include the after-tax charge of approximately $500M to be recorded in the 1Q13 related to the transaction to exit its run-off reinsurance operations, including the Guaranteed Minimum Death Benefits and Guaranteed Minimum Income Benefits businesses, effective as of February 4. Company officials also expect to reaffirm the outlook for medical membership for FY13, as discussed on the Company’s 4Q12 earnings conference call. Comments taken from an 8-K filing.
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