Pharma Investments, Ventures & Law Weekly
Welcome to NewsRx!
Learn more about a six-week, no-risk free trial of Pharma Investments, Ventures & Law Weekly
We're a pay-per-view site for premium content. If you'd like to purchase this article, it's only $3.00.
CIGNA Corporation
CIGNA Reports Fourth Quarter and Full Year 2008 Results
February 22nd, 2009
CIGNA Corporation (NYSE:CI): Net income for full year 2008 was $1.05 per share1, which included a loss of $2.54 per share1, due to the results from the Guaranteed Minimum Income Benefits (GMIB) business2 and results from the Guaranteed Minimum Death Benefits business also known as Variable Annuity Death Benefits (VADBe). These businesses have been in run-off since 2000. Adjusted income from operations3 for full year 2008 was $3.42 per share1, which included losses of $0.96 per share1 from VADBe. Adjusted income from operations3 was $0.49 per share1 in the quarter, which included losses of $0.71 per share1 from VADBe. As of December 31, 2008, CIGNA's subsidiaries were well capitalized and...
Source: Pharma Investments, Ventures & Law Weekly (2009-02-22)
|
