Consolidated revenues for 2014 were $34.9 billion, an increase of 8% over 2013. Revenues reflect growth in premiums and fees of 7% in Global Health Care, 14% in Global Supplemental Benefits and 6% in Group Disability and Life, primarily driven by continued growth in Cigna's targeted customer segments.
Cigna's adjusted income from operations1 for full year 2014 was $2.0 billion, or $7.43 per share, compared with $1.93 billion, or $6.79 per share, for 2013. This represents per share growth of 9% and reflects strong revenue growth, continued effective medical cost management and disciplined expense management. For the fourth quarter of 2014, adjusted income from operations1 was $446 million, or $1.69 per share, compared to $387 million, or $1.39 per share, for the fourth quarter of 2013.
“We continue to leverage Cigna's capabilities across our diversified businesses, effectively deploy capital, and deliver personalized and innovative solutions in existing and new growth markets to create sustained, long-term value,” said David M. Cordani, President and Chief Executive Officer.
Cigna also reported shareholders’ net income in 2014 of $2.1 billion, or $7.83 per share, compared to $1.48 billion, or $5.18 per share, for 2013. Shareholders’ net income in 2013 included special items1 which resulted in after-tax charges of $622 million, or $2.19 per share.
For the fourth quarter of 2014, shareholders’ net income was $467 million, or $1.77 per share, compared with $361 million, or $1.29 per share, for the fourth quarter of 2013. Fourth quarter 2013 shareholders’ net income included a special item1 charge of $40 million after-tax, or $0.15 per share, related to costs associated with an organizational efficiency plan.