Cigna Corp. reported fourth-quarter 2017 adjusted income from operations of $483 million, or $1.94 per share, compared to $485 million, or $1.87 per share, in the year-ago period.
The S&P Capital IQ consensus normalized EPS estimate for the quarter was $1.87.
Shareholders' net income for the fourth quarter of 2017 decreased year over year to $266 million, or $1.07 per share, from $382 million, or $1.47 per share.
Total revenues for the most recent quarter increased year over year to $10.53 billion from $9.94 billion.
Cigna's global medical customers were 15,907,000 as of Dec. 31, 2017, compared to 15,816,000 as of Sept. 30, 2017, and 15,197,000 as of Dec. 31, 2016.
For full year 2017, Cigna reported adjusted income from operations of $2.67 billion, or $10.46 per share, up from $2.10 billion, or $8.10 per share, in 2016.
The S&P Capital IQ consensus normalized EPS estimate for 2017 was $10.39.
In 2017, Cigna repurchased 15.7 million shares of common stock for $2.8 billion. In January, the company repurchased 1.2 million common shares for approximately $260 million.
For full year 2018, the company expects consolidated adjusted income from operations of $3.08 billion to $3.20 billion, or $12.40 per share to $12.90 per share.
The S&P Capital IQ consensus normalized EPS estimate for 2018 is $12.18.
Cigna's outlook excludes the impact of additional prior-year reserve development and potential effects of any future capital deployment, and reflects the impact of the adoption of the new revenue accounting standard effective Jan. 1.
