Bloomfield health insurer Cigna said Thursday its fourth quarter and 2015 profits declined, impacted in part by costs related to its planned merger with Anthem.
Cigna reported net income in 2015 of $2.1 billion, or $8.04 per share, compared to $2.1 billion, or $7.83 per share, for 2014.
For the fourth quarter of 2015, net income was $426 million, or $1.64 per share, down 8.7 percent compared with $467 million, or $1.77 per share, for the fourth quarter of 2014.
Cigna said in its earnings report it took a $28 million after-tax charge, or 11 cents per share, for transaction costs related to its proposed merger with Anthem, which is still waiting state and federal approvals.
During a special shareholder meeting in December, Cigna shareholders voted to approve the adoption of the previously announced merger agreement with Anthem. The merger is valued at $54.2 billion.
