2026 BOB Awards Party Photos
Check out photos from the 2026 BOB Awards celebration, which was held on Thursday, March 12, 2026 at the Grappone Conference Center in Concord.
Cigna 4Q income plummets
With one-time gains from the sale of its retirement benefits division leveling off, Cigna’s fourth-quarter earnings fell nearly 60 percent.
For the quarter ended Dec. 31, 2005, net income totaled $224 million, or $1.78 per share, compared with $558 million, or $4.16 per share, for the same period last year.
According to a press release from the Philadelphia-based health insurer, the fourth quarter of 2005 included a gain of $4 million from the sale of Cigna’s retirement benefits business, while the same quarter the previous year included a net gain of about $165 million from various non-recurring items.
If the one-time gains and losses are excluded, adjusted income from operations for the fourth quarter of 2005 was $249 million, or $1.98 per share, versus $323 million, or $2.41 per share, for the same period last year.
Net income for 2005 was $1.64 billion, or $12.63 per share, up about 12 percent from 2004 earnings of $1.44 billion, or $10.43 per share.
Cigna expects 2006 full-year adjusted income from operations to be in the range of $7.25 to $7.70 per share, officials said, with $1.65 to $1.80 per share for the first quarter. — CINDY KIBBE
