UPDATE: Cigna Q4 Earnings Top Views

reported stronger-than-expected earnings for the fourth quarter. The Bloomfield, Connecticut-based company's net income attributable to shareholders climbed to $467 million, or $1.77 per share, compared to $361 million, or $1.29 per share, in the year-ago period. The year-ago quarter included $40 million in special charge related to costs associated with an organizational efficiency plan. Excluding items, the company's adjusted income from operations rose to $1.69 per share from $1.39 per share. Its total revenue climbed around 10% to $8.93 billion. However, analysts were expecting earnings of $1.67 per share on revenue of $8.89 billion. Premiums and fees from Cigna's Global Health Care unit climbed 9.3% to $6.25 million, while premiums and fees from Global Supplemental Benefits unit climbed 10%. During the period January 1, 2015 through February 4, 2015, Cigna repurchased an additional 1.1 million shares for around $115 million. Cigna projects full-year adjusted income from operations of $8.00 to $8.40 per share, versus analysts' estimates of $8.17 per share. "We continue to leverage Cigna's capabilities across our diversified businesses, effectively deploy capital, and deliver personalized and innovative solutions in existing and new growth markets to create sustained, long-term value," said David M. Cordani, President and Chief Executive Officer. Cigna shares rose 1.29% to close at $110.10 yesterday.