Health plan enrollment has stabilized at CIGNA Corp.
CIGNA, Philadelphia, is reporting $352 million in net income for the first quarter on $4.1 billion in revenue, compared with $436 million in net income on $4.3 billion in revenue for the first quarter of 2005.
Net income was down partly because acceleration of a deferred gain pumped up net income during the first quarter of 2005, CIGNA says.
Health insurance earnings fell 24%, to $156 million, but medical membership held steady at about 9 million.
In the fourth quarter of 2005, medical membership fell 6.2%.
In other earnings news:
- Lincoln National Corp., Philadelphia, is reporting $221 million in net income for the first quarter on $1.4 billion in revenue, up from $179 million in net income on $1.3 billion in revenue for the first quarter of 2005.