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Cigna’s 2Q profit climbs 39 percent
San Francisco Chronicle

Cigna says its second-quarter net income jumped 39 percent compared to last year’s quarter, when a hit from a discontinued business affected the managed care company’s performance. The Bloomfield, Conn., health insurer earned $408 million, or $1.50 per share, in the three months that ended June 30. That’s up from the $294 million, or $1.06 per share, in last year’s quarter, when Cigna took a charge of 37 cents per share. Revenue climbed 3 percent to $5.51 billion.

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