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Traded as NYSECI
S&P 500 Component
Industry Managed health care
Founded CG and INA merger in 1982
Headquarters 900 Cottage Grove Road
Bloomfield, Connecticut, U.S.
Key people
David Cordani, Chairman and CEO
Products Health plans, Group Disability, Life and Accident Insurance, and Disability and Workers' Compensation Case Management
Revenue Increase $ 29.119 billion (2012)[1]
Increase $ 1.624 billion (2012)[1]
Increase $ 1.624 billion (2012)[1]
Total assets Increase $ 53.734 billion (2012)[1]
Total equity Increase $ 9.769 billion (2012)[1]
Number of employees
35,800 (Dec 2012)[1]

Cigna is an American worldwide health services organization. Its insurance subsidiaries are major providers of medical, dental, disability, life and accident insurance and related products and services, the majority of which are offered through employers and other groups (e.g. governmental and non-governmental organizations, unions and associations). Cigna also offers Medicare and Medicaid products and health, life and accident insurance coverages primarily to individuals in the U.S. and selected international markets. In addition to its ongoing operations described above, Cigna also has certain run-off operations, including a Run-off Reinsurance segment.[1] In the Phoenix, Arizona, metropolitan area, Cigna runs a full-service staff-model HMO (health maintenance organization) with satellite clinics throughout the region, known as the Cigna Medical Group[2]

Cigna Global Health Benefits also operates under the Cigna corporation.


Cigna was formed by the 1982 merger of the Connecticut General Life Insurance Company (CG) and INA Corporation (the parent corporation of Insurance Company of North America, the first stock insurance company in America.[3] Insurance Company of North America was formed in 1792 and is therefore a corporate ancestor of Cigna. The CG was created in 1865 by a special act of the Governor of Connecticut. In October 1871, the great Chicago Fire burned for two days, destroyed 2,000 acres and left 100,000 people in Illinois homeless. INA paid $650,000, one of only 51 insurance companies (out of a total of 202) to pay claims in full.[4]

Before selling its international property and casualty business to the Bermuda-based ACE Insurance company in the late 1990s, Cigna was among the companies with a large international network comparable to those of AIG, Allianz, and Zurich. The strategy behind the sale was to concentrate on core business. ACE – at that time a key player at the Bermuda and Lloyds insurance market – on the other hand was interested on expanding the international network in the traditional insurance market.[5]

Cigna sold the majority of its life insurance operations to Lincoln National Corporation in 1997.[6][7]

Cigna now operates in 30 countries, has approximately 35,800 employees and manages around US$53.734 billion in assets.[1]

In October 2011, Cigna has agreed to buy HealthSpring Inc. for $3.8 billion to jump-start its business selling Medicare plans from 46,000 Medicare Advantage members to almost 400,000 Medicare Advantage members.[8] The payment would come from an issue of new equity to cover about 20 percent of the value, with the rest funded by additional cash and debt.[9][10]

In 2002, it was alleged in violation of the Securities Exchange Act for earnings manipulation. Its common stock price plummeted significantly as a result.[11]

In June 2015, U.S. health insurer Anthem Inc. announced an offer to acquire Cigna for more than $47 billion in cash and stock.[12] Anthem confirmed it had reached a deal to buy Cigna on July 24, 2015.[13]

Cigna Global Health Benefits[edit]

Cigna Global Health Benefits
Industry Employee Benefits
Founded 1977
Headquarters Wilmington, Delaware, US
Key people
Andrew Kielty, President, Cigna Global Health Benefits
Products Medical, Dental, Disibility, Life Insurance
Parent Cigna Corporation

Cigna Global Health Benefits is a business unit within Cigna. The company is headquartered in Wilmington, Delaware, close to Philadelphia, Pennsylvania. Additional Cigna Global Health Benefits operations are located in Visalia, California, and Greenock, Scotland and Shanghai, China. Sales offices are located in North America, Europe, Asia and the Middle East.

Products and services[edit]

CIEB global health plans typically include medical, dental, behavioral and disability, as well as business travel and life components. Expatriates are defined as employees of multinational companies working outside their home country on short, and long-term international assignments.[14] CIEB maintains its own, in-house international claims platform, and offers a network of physician and hospitals for its members (including 550,000 in the U.S. and more than 141,000 outside the U.S.).


In December 2007, Cigna was criticized after the company refused to pay for a liver transplant of a California teenage girl, Nataline Sarkisyan, justifying their refusal to pay by claiming that the procedure was experimental, even though there was a liver ready and waiting to be transplanted and doctors estimated she had a 65% chance of surviving at least six months.[15] In response to much protest and public scrutiny, Cigna reversed its decision, though Ms. Sarkisyan died awaiting the transplant.[16] Cigna notes that it had no financial stake in the decision to authorize the transplant because it merely administers the insurance plan of Mr. Sarkisyan's employer and would not bear the cost of any operation. However, Cigna offered to pay for the transplant itself when it made the exception to the policy.[17]

Even though liver transplants have been performed since 1963 and are a well accepted treatment option for end-stage liver disease and acute liver failure, Cigna defended its actions by claiming that there was insufficient data to show that a transplant for a patient in Sarkisyan's condition would be safe and effective.[17] Lawyers for her family are exploring litigation against Cigna.

The California court agreed with Cigna’s position that the Sarkisyans’ claims regarding Cigna's decision-making were preempted by federal ERISA law. On April 16, 2009, the United States District Court for the Central District of California dismissed all of the claims against Cigna related to the coverage determination.[18]

In August 2012, Cigna fought and lost their argument in court that ABA therapy for autistic children is "experimental". The courts decided the therapy is a known treatment for autistic children, and Cigna’s arguments had no merit. Cigna is currently fighting to have this decision reversed.[19]

The CNA determined that Cigna denies roughly 39.6% of all claims (compared to competitors such as Aetna who denied about 5.9% of all claims in the same time frame).[20]

Accounting and investor relations[edit]

On February 9, 2005, CIGNA elected to adopt in the fourth quarter of 2004 fair value accounting for its stock options in accordance with SFAS No. 123 and to restate prior periods.[21]

Public relations and lobbying[edit]

The UK newspaper Guardian in their "Esc and Ctrl" videoblog about control of Internet by corporations documented an incident of Nataline Sarkisyan and former vice president of Cigna talked about astroturfing, the practice of creating fake blogs by interested groups e.g. health insurance companies to push claims that are profitable for said company into media, e.g. dismissing universal health care.[22]

Cigna spent more than $4.4 million from 2005 to 2009 on lobbying to attain legislation that the company favors. This includes $720,000 spent in 2009 alone, when it had 20 lobbyists at five firms working on their behalf.[23]

In 2008, head of Cigna's public relations, Wendell Potter, resigned, becoming a whistleblower who gave testimony in 2009 to the U.S. Senate Committee on Commerce, Science and Transportation in favor of reform of the health care industry.[24]


Cigna received gold in the 2009 Gartner & 1to1 Customer Experience Excellence Award. The awards are given to the companies that "most clearly demonstrate exemplary customer relationship strategy and an unrivaled level of excellence in delivering the customer experience".[25]

Cigna also recently[when?] received the JD Power award for customer service for all of its call centers for the fourth time in a row. According to the company, JD power ensures "Cigna HealthCare’s call center operations successfully passed a detailed audit of its recruiting, training, employee incentives, quality assurance capabilities, and management roles and responsibilities."[26]

The logo of Cigna HealthCare, the health insurance company operating under Cigna Corporation.

Community and civic affairs and charitable giving[edit]

In 2008, the Cigna Foundation contributed $2,533,535 to charitable activities that promote wellness.[27] Since 1995, Cigna and its employees have contributed $22.3 million to the March of Dimes.[27]

In July 2010, Cigna began giving each company employee eight hours of paid time off annually to volunteer with non-profit health and community service organizations.[28] The Salvation Army of Greater Philadelphia helped kick off the program in front of Cigna's Philadelphia headquarters with the Christmas in July campaign.[29]

Strategic alliances[edit]

On April 16, 2010, Cigna announced an alliance with Humana group to offer a streamlined Medicare Advantage offering through employer clients for retirees.[30]

Cigna and TTK Group, an Indian business conglomerate focused on healthcare have formed a joint venture called Cigna TTK to build out a health insurance business in India.[31]

See also[edit]


  1. ^ a b c d e f g h "Cigna, Form 10-K, Annual Report, Filing Date Feb 28, 2013" (PDF). Retrieved Mar 25, 2013. 
  2. ^ "Directions to Cigna Corporate Offices." Cigna. Retrieved on September 19, 2011.
  3. ^ Cigna Global Health Benefits
  4. ^ "Cigna Milestones". Cigna, a Global Health Insurance and Health Service Company. Retrieved 24 July 2015. 
  5. ^ ACE to Buy Cigna Unit for $3.45 Billion in Cash
  6. ^ "Cigna, Form 8-K, Current Report, Filing Date Jul 31, 1997". Retrieved Mar 25, 2013. 
  7. ^ Lincoln National Set to Acquire Bulk of a Cigna Business
  8. ^ "Cigna, Form 8-K, Current Report, Filing Date Oct 24, 2011". Retrieved Mar 25, 2013. 
  9. ^ "Cigna, Form 8-K, Current Report, Filing Date Oct 27, 2011" (PDF). Retrieved Mar 25, 2013. 
  10. ^ "Cigna to buy Medicare co HealthSpring for $3.8 billion". October 24, 2011. 
  11. ^ "Cigna Corporation". Retrieved Jun 26, 2013. 
  12. ^ "Anthem Makes $47 Billion Offer for Rival Cigna". New York Times. Retrieved 20 June 2015. 
  13. ^ Bomey, Nathan (24 July 2015). "Anthem to buy Cigna for $54B in mega insurance merger". USA Today. Retrieved 24 July 2015. 
  14. ^ "Flexible Products for a Global Workforce - Cigna Global Health Benefits". Retrieved 24 July 2015. 
  15. ^ "Los Angeles Local News, US & World, Business, Entertainment, Green News | NBC Los Angeles". Retrieved December 20, 2011. 
  16. ^ "Health Insurer to Be Charged With Teen's Murder – ABC News". December 21, 2007. Retrieved December 20, 2011. 
  17. ^ a b Vanessa Fuhrmans and Laura Meckler (January 7, 2008). "A Medical Case Becomes Political". The Wall Street Journal: A1. Archived from the original on January 8, 2008. Retrieved February 11, 2013. 
  18. ^ "Site Suspended - This site has stepped out for a bit". Retrieved 24 July 2015. 
  19. ^ Mantese Honigman Rossman and Williamson (22 August 2012). "In Autism Suit Against Cigna Insurance for Denying ABA Therapy, Court Certifies National... -- PHILADELPHIA, Aug. 22, 2012 /PRNewswire/ --". Retrieved 24 July 2015. 
  20. ^ [1],
  21. ^ "CIGNA Reports Fourth Quarter and Full Year 2004 Results; Strong Earnings Growth Driven by Health Care Results LENGTH:". 
  22. ^ Esc and Ctrl: Jon Ronson investigates astroturfing – video,
  23. ^ "Center for Responsive Politics". October 31, 2011. Retrieved December 20, 2011. 
  24. ^ "Profile: Wendell Potter on Profits Before Patients". Bill Moyers Journal. PBS. July 10, 2009. Retrieved May 14, 2015. Last month, testimony in front of the U.S. Senate Committee on Commerce, Science and Transportation by a former health insurance insider named Wendell Potter made news even before it occurred: CBS NEWS headlined: "Cigna Whistleblower to Testify." After Potter's testimony the industry scrambled to do damage control: "Insurers defend rescissions, take heat for lack of transparency." 
  25. ^ Retrieved 2009-09-28.[dead link]
  26. ^ "Cigna Newsroom | Cigna HealthCare Recognized for Providing an Outstanding Customer Service Experience For a Fourth Consecutive Year". January 19, 2010. Retrieved December 20, 2011. 
  27. ^ a b
  28. ^ "Cigna rings in new volunteerism program". July 19, 2010. 
  29. ^ "The Salvation Army of Greater Philadelphia: The Salvation Army Launches Christmas in July Campaign". June 29, 2010. Retrieved December 20, 2011. 
  30. ^ "Cigna Newsroom | Cigna and Humana Form Alliance on Retiree Solutions for Employers". Retrieved December 20, 2011. 
  31. ^ "Cigna & TTK form health insurance JV". Retrieved April 8, 2014. 

External links[edit]