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CIGNA'S FIRST QUARTER 1996 RESULTS CONTINUED STRONG OPERATING INCOME GROWTH
- Article from:
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PR Newswire
- Article date:
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April 30, 1996
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Copyright informationCOPYRIGHT 1996 PR Newswire Association, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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PHILADELPHIA, April 30 /PRNewswire/ -- CIGNA Corporation (NYSE: CI) today reported first quarter 1996 operating income (see NOTE) of $219 million, or $2.85 on a primary earnings per share basis, versus $146 million, or $2.02 per share, reported in the first quarter of 1995. First quarter 1996 operating results reflect continued progress in all businesses, particularly in the property and casualty segment.
NOTE: Operating income is defined as net income excluding realized investment gains and losses.
SEGMENT RESULTS:
Employee Life and Health Benefits
This segment, which includes CIGNA's HMO and indemnity operations, had operating income of $112 million in the first ...