Cigna Corp. said last week that it expects earnings growth in 2012, but the health insurer's prospects will get a more significant boost in 2013, according to a Citi analyst.
Just days before, on Oct. 24, Cigna said it would buy fellow insurer and Medicare Advantage plan provider HealthSpring Inc. for $3.8 billion.
THE OPINION: Analyst Carl McDonald said Cigna's earnings may not grow much next year, due in part to costs from that deal and an accounting standards change that may reduce international earnings. But he said that the HealthSpring acquisition will boost earnings substantially in 2013.
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