CIGNA CORPORATION

(NYSE: CI)
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77.36 Up +0.08 +0.10%
COMPANY ADDRESS
CIGNA CORPORATION
900 Cottage Grove Road
Bloomfield, CT 06002
USA - Map
Phone: +1 860 226-6000
Fax: +1 860 226-6741
Website
COMPANY INFORMATION
Exchange: New York Stock Exchange
Stock: Cigna Corp
Industry: Healthcare Plans
Employees: 36,500
DESCRIPTION
Cigna Corp was incorporated in the State of Delaware in 1981. It is a health services organization with insurance subsidiaries that are providers of medical, dental, disability, life and accident insurance and related products and services. In the U.S., the majority of these products and services are offered through employers and other groups and, in selected international markets. It offers supplemental health, life and accident insurance products and international health care coverage and services to businesses, governmental and non-governmental organizations and individuals. The Company's segments are Global Health Care, Group Disability and Life, Global Supplemental Benefits, Run-off Reinsurance and Other Operations including Corporate-owned Life Insurance. The Global Health Care aggregates two operating segments namely Commercial that includes the international health care business and Government. The Company's Global Health Care segment offers insured and self-funded medical, dental, behavioral health, vision, and prescription drug benefit plans, health advocacy programs and other products and services that might be integrated to provide individuals with complete health care benefit programs. The Company's Group Disability and Life segment provides the insurance products and their related services such as group life insurance, long-term and short-term disability insurance, workers' compensation and disability case management, and accident and specialty insurance. The Global Supplemental Benefits segment is comprised of the international supplemental health, life and accident businesses as well as the Medicare supplement business acquired in 2012. This segment offers supplemental health, life and accident insurance products in the U.S. and selected international markets. With local licenses and partnerships in approximately 20 countries and jurisdictions, it is able to offer products and services to local citizens and in other international markets. These products and services are provided by subsidiaries of the Company, including foreign operating entities. Until 2000, The Company offered reinsurance coverage for part or all of the risks written by other insurance companies under life and annuity policies (both group and individual) and accident policies. The products and services related to these operations were offered by subsidiaries of Cigna Corporation. In 2000, the Company sold its U.S. individual life, group life and accidental death reinsurance businesses As of December 31, 2012, the Company’s remaining exposures resulted primarily from its annuity reinsurance business, including its reinsurance of GMDB and GMIB contracts. Other Operations of the Company consists of: non-leveraged and leveraged corporate-owned life insurance; deferred gains recognized from the 1998 sale of the individual life insurance and annuity business and the 2004 sale of the retirement benefits business and run-off settlement annuity business. The Company's International's life, accident and supplemental health insurance products are sold mainly through direct marketing channels, such as outbound telemarketing, in-branch bancassurance and direct response television. In the HealthCare business, it competes with: insurance companies that provide group health and life insurance products, Blue Cross and Blue Shield organizations; stand-alone HMOs and PPOs; HMOs affiliated with major insurance companies and hospitals and national managed pharmacy, behavioral health and utilization review services companies. The Company’s business is regulated at the international, federal, state and local levels.
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Financial data in US dollars | Page generated 5:26 AM ET
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