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Insurer Cigna’s 1Q profit soars 52 percent
San Francisco Chronicle

Cigna Corp. said Thursday its first-quarter net income jumped 52 percent, as the managed care company saw earnings growth from its main businesses and raised its 2011 profit forecast.

The Philadelphia insurer earned $429 million, or $1.57 per share, in the three months that ended March 31. That’s up from the $283 million, or $1.02 per share, last year. Revenue climbed 4 percent to $5.41 billion from $5.21 billion.