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Insurer earnings and stock reaction at a glance
San Francisco Chronicle

Cigna Corp. wrapped up second-quarter earnings reports for big health insurers Thursday by detailing a 39-percent profit increase compared to last year’s quarter, when a charge from a discontinued business weighed on earnings.

The insurer beat analyst expectations and raised its 2011 earnings forecast like other big insurers. The company’s shares then slid in trading, reflecting the broader market and a continued to slump for managed care companies. Analysts say concern over possible health care cuts in federal debt reduction talks plays a role in the falling share prices.