Cigna says will increase '14 profit despite pressures

Insurer Cigna Corp said on Thursday it expects to increase its 2014 earnings from 2013, reflecting its smaller exposure to uncertainty around private Medicare and the rollout of individual insurance on new exchanges around the country. Cigna, which reported third-quarter profit that beat analysts' expectations on Thursday, has both a U.S. and overseas health insurance business and also sells disability and life insurance. Cigna said that diversification will help it next year, which it expects to be challenging because of broad changes in the healthcare industry. Larger competitors UnitedHealth Group Inc, WellPoint Inc and Aetna Inc have recently painted 2014 as uncertain because of private Medicare cuts and changes related to President Barack Obama's healthcare reform law.

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