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 sell-off and a continued slump for managed care companies. Analysts say concern over possible health care cuts in federal debt-reduction talks are playing a role in the falling share prices.
Here's what the five largest health insurers reported for earnings and what their share prices have done since the announcement.
_ July 19, UnitedHealth Group Inc.: Earnings up 13 percent to $1.27 billion, shares down 13 percent to $45.07
_ July 27, WellPoint Inc.: Earnings down 3 percent to $701.6 million, shares down 15 percent to $62.26
_ July 27, Aetna Inc.: Earnings up 9 percent to $536.7 million, shares down 11 percent to $37.85
_ Aug. 1, Humana Inc.: Earnings up 35 percent to $460.3 million, shares down 6 percent to $70.09
_ Aug. 4, Cigna Corp.: Earnings up 39 percent to $408 million, shares down 2.3 percent to $45.50