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Cigna 3Q profit falls, but expects 2012 growth

Cigna Corp.'s third-quarter profit tumbled 35 percent due to a bigger hit from some discontinued businesses, but income from its main segments grew and it became the latest managed care company to forecast 2012 growth.

By Tom Murphy | Updated on October 28, 2011

INDIANAPOLIS (AP) — Cigna Corp.’s third-quarter profit tumbled 35 percent due to a bigger hit from some discontinued businesses, but income from its main segments grew and it became the latest managed care company to forecast 2012 growth.

The Bloomfield, Conn., health insurer said Friday it expects to add at least 400,000 people next year to its health care membership.

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