UPDATE: Cigna Reports Drop In Q4 Net Income

Cigna Corp (NYSE: CI) reported a decline in its fourth-quarter net income.

Cigna's quarterly net income dropped to $290 million, or $1.04 per share, from $461 million, or $1.69 per share, in the year-ago period. Cigna's revenue rose to $5.46 billion from $5.43 billion. However, analysts were expecting earnings of $1.19 per share.

For the full year 2012, Cigna expects consolidated adjusted income in the range of $5.00 to $5.40 per share.

Cigna shares fell 0.28% to $45.55 in after-hours trading.