CIGNA Reports Fourth Quarter and Full Year 2008 Results.

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CIGNA Reports Fourth Quarter and Full Year 2008 Results.

PHILADELPHIA -- CIGNA Corporation (NYSE:CI):

* Net income for full year 2008 was $1.05 per share(1), which included a loss of $2.54 per share(1), due to the results from the Guaranteed Minimum Income Benefits (GMIB) business(2 )and results from the Guaranteed Minimum Death Benefits business also known as Variable Annuity Death Benefits (VADBe). These businesses have been in run-off since 2000.

* Adjusted income from operations(3) for full year 2008 was $3.42 per share(1), which included losses of $0.96 per share(1) from VADBe.

* Adjusted income from operations(3) was $0.49 per share(1) in the quarter, which included losses of $0.71 per share(1) from VADBe.

* As of December 31, 2008, CIGNA's subsidiaries were well capitalized and consolidated statutory surplus is anticipated to be in excess of regulatory minimums by approximately $2.8 billion(11).

* The company currently estimates 2009 earnings per share(1), on an adjusted income from operations(3,10) basis, to be in the range of $3.95 to $4.25 per share(1).

CIGNA Corporation (NYSE:CI) today reported a net loss of $209 million, or $0.77 per share1, for the fourth quarter of 2008 compared wit...

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