Health insurer Cigna Corp. said Thursday it is sticking by its forecast for adjusted profit, and its outlook for medical membership, The Associated Press reports.
In a filing with the Securities and Exchange Commission, Cigna said it will hold meetings and discussions with investors and analysts from Thursday through Sept. 10. In those discussions it expects to maintain its outlook of $1.13 billion to $1.21 billion in consolidated adjusted income from operations, and its estimate for medical membership growth of about 3 percent.
Consolidated adjusted income from operations is a figure that excludes investments, special items, and Cigna’s guaranteed minimum income benefits business, which is in runoff mode.
The company had about 11 million medical members at the end of 2009, so its guidance implies a year-end total of around 11.4 million.
On Wednesday, Cigna announced that Chief Financial Officer Annmarie Hagan had resigned. No reason was given but Cigna said the decision was mutual. Hagan had been the company’s CFO since May 2009. Thomas McCarthy is now acting CFO.
Cigna stock fell 55 cents to $33.02 in Thursday trading.
