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Cigna profit beats estimates, raises full-year forecast

n">Aug 1 (Reuters) - Insurer Cigna Corp reported a better-than-expected profit, as its takeover of Medicare specialist HealthSpring helped boost premiums and fees, and the company raised its 2012 earnings forecast.

Cigna on Thursday reported second-quarter net income of $380 million, or $1.31 per share, compared with $391 million, or $1.43 per share, in the year-earlier period.

Excluding special items, Cigna earned $1.52 per share. Analysts, on average expected $1.42 per share, according to Thomson Reuters I/B/E/S.

The company bought HealthSpring for $3.8 billion earlier this year.


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