Favorable medical costs boost Cigna's Q1 performance

Cigna reported Friday that its adjusted income from operations was up 18 percent year-over-year--thanks in part to revenue growth and favorable medical and operating costs in the company's global healthcare segment. Its overall earnings for the quarter totaled $519 million, or $2 per share, down from the $533 million, or $2.04 a share, a year earlier.

The insurer, which is preparing to merge with Anthem, now projects its adjusted income from operations for 2016 to be $8.95 to $9.35 per share. Earnings report