Bloomfield, Conn.-based Cigna has released its fiscal year 2016 first quarter financial results.
Here are four things to know about the health insurer's first quarter finances.
1. Shareholders' net income decreased 2.6 percent from the first quarter of 2015 to the first quarter of 2016. In the first quarter of this year, shareholders' net income was $519 million, or $2 per share. Shareholders' net income was $533 million, or $2.04 per share, for the same time period last year.
2. Consolidated operating revenues grew 5.6 percent in the first quarter. During the first quarter of 2015, consolidated operating revenues were $9.4 billion, while in the first quarter of 2016, they were $9.9 billion.
3. Adjusted income from operations increased 17 percent, from $513 million — or $1.96 per share — in the first quarter of 2015 to $601 million — or $2.32 per share — in the first quarter of 2016.
4. Cigna CEO David Cordani commented on the results. "Our strong first quarter results reflect the continued focused execution of Cigna's global strategy," he said, according to the press release. "Cigna's ability to deliver quality outcomes and affordability reflects the value Cigna delivers to our customers and clients while continuing to position for success in our combination with Anthem."