Cigna’s Q3 Profit Down 53%; Grim Outlook for 2009
Cigna reported that Q3 profit dropped 53% to $171 million, or 62 cents a share, from $365 million, or $1.28 a share, a year earlier. The health insurer forecasted a disappointing profit growth for 2009.
- "Cigna Reports Quarterly Profit Down 53%" (Reuters/New York Times, 10/31).