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cigna corp. - All News and Analysis
Cigna's Job Cuts: Latest Addition to the Healthcare Layoff Watch
So Cigna has now joined the roll of health-insurance companies who are busy cutting workers as the economy worsens and rising medical costs take their toll on profits and membership. To help keep track of the carnage, we've inaugurated the BNET Healthcare Layoff Watch. by David P. Hamilton
Cigna to Cut 1,100 Jobs, Citing Weak Economy
LOS ANGELES (Reuters) - Health insurer Cigna Corp CI said on Monday it will cut 1,100 jobs, or about 4 percent of its workforce, and consolidate certain operations as it copes with the economic downturn.As a result, the company said it expects to record after-tax restructuring charges of $30 million...
Cigna University Offers an Easy-A Courseload... For Cost-Shifting to Consumers
Health-insurance companies like Cigna are busy ramping up warm-and-fuzzy PR efforts intended to deflect the loathing of their members, but their intentions go well beyond spiffing up their corporate image. The new "Cigna University" campaign, for instance, isn't much more than a pitch for "consumer-directed" health plans that force individuals...
Healthcare Roundup: Express Scripts Extortion Redux, WellCare Bags Financials, Go Cigna U., and More
Express Scripts finds its clients are getting extorted, too; WellCare says it's so busy fending off investigations that it can't report its finances; Cigna launches an online "university" PR effort; and more. by David P. Hamilton
Cigna's Health-Insurance Business Melting Down, Out of Sight
Cigna's third-quarter net income may have fallen by more than half last week, but its health-plan operations weren't largely to blame -- in fact, the profitability of its health-insurance business actually rose compared to a year earlier. That fact, though, shouldn't disguise some worrying trends in its managed-care business. by...
CIGNA Corp. Q3 2008 Earnings Call Transcript
Question-and-Answer SessionOperator Operator Instructions. Our first question comes from Matthew Borsch of Goldman Sachs. Matthew Borsch - Goldman Sachs Please give us a little bit more of your thinking on the pension funding for next year. In particular, what are the factors around which you would have flexibility to...
Healthcare Roundup: Aetna's Investment Hit, Hospital Closure Wave, Cigna's Posh New Plans, and More
Aetna takes an investment hit from financial crisis -- The health-insurance giant said it lost $120 million in its investment portfolio due to widening credit spreads on its fixed-income investments, and took another $70 million hit from its holdings of debt securities issued by the now-defunct Lehman Brothers and Washington...
Earnings Preview:CIGNA Corp.
CIGNA Corp. CI is expected to report Q3 earnings before market open Thursday, October 30, with a conference call scheduled for 8:30 am ET. Guidance Analysts are looking for a profit of $1.06 on revenue of $4.86B. The consensus is 91c to $1.00 for EPS, and revenue of $4.47B to...
CIGNA Rolls out New Suite of Health Plans for Individuals and Small Employer Groups
BLOOMFIELD, Conn. -- CIGNA HealthCare announced today that it has started offering its award-winning health plan products and services to employers with 50 or fewer employees and to individuals and their families in select states. The plans offer many of the benefits that have traditionally only been available to larger...
It's Almost Time to Choose: CIGNA Offers Tools, Tips for Individuals Enrolling in Their 2009 Health Plans
Also Offers Online Education about Health Care Reform Proposals PHILADELPHIA -- In the coming days and weeks, millions of Americans will be making two important decisions: electing a new president and choosing their health benefits for the coming year. CIGNA is offering new tools and tips to help people...
Diabetes Law Collaborative Begins in Silicon Valley Through CIGNA Foundation-Equal Justice Works Fellowship
SAN JOSE, Calif. -- CIGNA Foundation, in partnership with Equal Justice Works and Jenner & Block, LLP, has named Jessa Barnard as its 2008 Fellow. A graduate of Stanford Law School, Barnard will work with the Law Foundation of Silicon Valley to begin a Diabetes Law Collaborative. The Collaborative...
CIGNA Adds David Stacey to National Accounts Team
Named Senior Vice President of National Accounts in Central Region CHICAGO -- CIGNA HealthCare today announced the addition of David Stacey as senior vice president for the company's national accounts. Stacey will drive growth and earnings for CIGNA's clients with 5,000 or more employees in the central region. Stacey...
Research and Markets: Examine What Makes CIGNA Corporation one of the Leading Health Insurers in North America
DUBLIN, Ireland -- Research and Markets (http://www.researchandmarkets.com/research/2b9f56/cigna_corporation) has announced the addition of the "CIGNA Corporation Business Intelligence Report 2008" report to their offering. CIGNA Corporation CIGNA and its subsidiaries constitute one of the largest investor-owned health service organizations in the United States. Its subsidiaries are major providers of health...
CIGNA Announces Appearance at the Oppenheimer 19th Annual Health Care Conference
PHILADELPHIA -- CIGNA Corporation (NYSE:CI) announced today that Jeffrey Kang, MD- Chief Medical Officer, will be presenting at the Oppenheimer 19th Annual Health Care Conference on Monday, November 3, 2008 in New York, NY. CIGNA's presentation is expected to begin at approximately 9:20 a.m. Eastern Time. Investors, analysts, and...
CIGNA Foundation Invites Public to Free Forum on Maintaining a Healthy State of Mind During Tough Times
Featuring Liz Murray, Author of Homeless to Harvard PHILADELPHIA -- To help people maintain a healthy state of mind during tough times, the CIGNA Foundation is convening a community forum on Mind/Body Wellness in Philadelphia from 8:30 a.m. to 4:30 p.m. Wednesday, October 15 at the Sheraton Philadelphia City...
CIGNA International Releases New Transactional Web Portal; Medical Translations, Online Weight Management Offered
CLAYMONT, Del. -- CIGNA International Expatriate Benefits CIEB today released a new transactional web portal, CIGNA Envoy, for individual and employer customers, brokers, doctors and physicians. CIGNA Envoy (www.CIGNAenvoy.com) offers advanced web tools that help ease benefits administration for employers and enable covered individuals to access benefit information anywhere...
Houston Northwest Medical Center Awarded 11 CIGNA HealthCare Quality Designations
HOUSTON, Oct. 9 /PRNewswire/ -- Houston Northwest Medical Center today announced that it has received 11 quality designations through CIGNA HealthCare, a subsidiary of CIGNA Corporation . These quality designations are based on outcomes for treatment of 29 surgical procedures and medical conditions. The patient outcomes data are...
The Shaky Economy: Is it Changing the Way People Take Care of Their Health?
One-Third of Americans Say 'Yes' Many Admit to Not Knowing about Cost-Saving Features of Their Health Plan BLOOMFIELD, Conn. -- Faced with high gasoline prices, rising food costs, a roller-coaster stock market and rising unemployment, most Americans (90 percent) say they're worried about the economy. No big surprise...
CIGNA Corporation Announces Third Quarter 2008, Fourth Quarter 2008 and 2009 Earnings Release Dates
PHILADELPHIA -- CIGNA Corporation (NYSE:CI) will release its third quarter 2008 financial results on Thursday, October 30, 2008 and its fourth quarter 2008 financial results on Thursday, February 5, 2009. In addition, CIGNA expects to release its 2009 financial results on the following dates:1Q '09: Thursday, April 30, 2009 2Q...
CIGNA Expands Reporting of Its Quality Scores as Part of Efforts to Improve the U.S. Health Care System
More Information Publicly Available than Ever Before BLOOMFIELD, Conn. -- Today, an independent organization that has for over a decade measured the efforts of U.S. health plans to improve health care quality released its annual report on the "State of Health Care Quality." Data from the National Committee for...
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- Revenue (Fiscal Year) $17.6B
- Profit (Fiscal Year) $1.1B
- Incorporated: 1981
- CEO: Mr. H. Edward Hanway
CIGNA is a health service organization in the U.S. Co.'s subsidiaries provides health care and related benefits, mainly through the workplace, including health care products and services such as: medical coverages, pharmacy, behavioral health, dental benefits, and disease management, group disability, life and accident insurance; and disability and workers' compensation case management and related services. Co. also has an international operation that provides life, accident and supplemental health insurance products and international health care products and services to businesses and individuals. Co. also has certain inactive businesses, including a run-off reinsurance operation.
Stock Quote
Board of Directors
Mr. H. Edward Hanway Chairman
Mr. James E. Rogers
Mr. Eric C. Wiseman
Ms. Donna F. Zarcone
Mr. John M. Partridge
Mr. Peter N. Larson
Mr. Roman Martinez IV
Ms. Carol Cox Wait
Mr. William D. Zollars
Mr. Robert H. Campbell
Mr. Isaiah Harris Jr.
Dr. Jane E. Henney M.D.
Contact Information
Two Liberty Place
1650 Market Street
Philadelphia, PA
215 761-1000
NAICS Code
Direct Health and Medical Insurance Carriers: 524114
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