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PHILADELPHIA (

TheStreet

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Cigna

(CI) - Get Cigna Corporation Report

, the managed care company, said net income fell 6.7% in the third quarter to $307 million, or $1.13 a share, vs. $329 million, or $1.19, a year earlier.

The latest quarter included losses of $44 million, or 16 cents a share, from results for its Guaranteed Minimum Death Benefits and Guaranteed Minimum Income Benefits businesses.

Analysts surveyed by Thomson Reuters expected Cigna to earn $1.06 a share in the third quarter.

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Cigna said revenue rose to $5.3 billion from $4.5 billion a year earlier on "strong customer retention and new sales" in each of its "targeted market segments." Analysts forecast revenue of $5.26 billion.

Cigna estimates 2010 earnings, on an adjusted income from operations basis, in the range of $4.35 to $4.50 a share; analysts expect $4.42 a share.

-- Written by Joseph Woelfel

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