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April 30, 2015

Cigna profits tick up on premium revenue

Bloomfield health insurer Cigna said its first-quarter profits ticked up just under 1 percent on higher revenue from premiums, fees and its mail-order pharmacy business.

Cigna booked profits of $533 million, or $2.04 per diluted share, up from $528 million, or $1.92, in the prior-year quarter.

Revenue grew from $8.5 billion to $9.47 billion, up more than 11 percent.

During the quarter, the company added 367,000 pharmacy customers, 280,000 Medicare Part D customers and 198,000 medical customers.

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