CIGNA Reports Lower Net Income

An increase in disability insurance claims and a decrease in health plan enrollment contributed to a drop in profits at CIGNA Corp. during the fourth quarter of 2005.

CIGNA, Philadelphia, is reporting $224 million in net income for the latest quarter on $4.2 billion in revenue, compared with $558 million in net income on $4.3 billion in revenue for the fourth quarter of 2004.

The managed care company ended the quarter providing or administering health coverage for 9.1 million people, down from 9.7 million people a year earlier.