Cigna Corp (NYSE: CI) Reports EPS of $1.37 vs. $1.09 Estimate; Revenues $5.4B vs. $5449.03M Estimate

CIGNA Corporation CI today reported first quarter 2011 results, that included consolidated revenue growth and strong earnings growth from each of our ongoing businesses, reflecting continued effective execution of our strategy. Consolidated revenues increased 8%, excluding the effect from exiting Medicare IPFFS1. Revenues reflect premium and fee increases of 6% in Health Care1, 4% in Disability and Life, and 32% in International, driven by continued growth in our targeted customer segments. CIGNA reported shareholders' net income1 of $429 million, or $1.57 per share, for the first quarter of 2011, compared with shareholders' net income1 of $283 million, or $1.02 per share, for the first quarter of 2010. Shareholders' net income1 for the first quarter of 2011 included a special item4 which generated income of $0.09 per share.