Managed care company Cigna says its fourth-quarter profit climbed 40 percent, boosted in part by interest rates and a decline in health care use that also helped other insurers in the final months of 2010.
The Philadelphia insurer says it earned $461 million, or $1.69 per share, in the three months that ended Dec. 31. That's up from $330 million, or $1.19 per share, in the last three months of 2009. Revenue grew 17 percent to $5.43 billion.
Adjusted earnings amounted to $1.15 a share. Analysts forecast a profit of $1 per share on $5.38 billion in revenue.
Cigna operates health care, group disability and life segments in the United States. It also sells individual insurance in several countries and operates an expatriate business that provides coverage for people living outside their home countries.