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Cigna information


The Cigna Group
Company typePublic
Traded as
  • NYSE: CI
  • S&P 500 component
Industry
  • Managed healthcare
  • Insurance
Founded1982; 42 years ago (1982)
HeadquartersBloomfield, Connecticut, U.S.
Key people
  • David Cordani (chairman and CEO)
  • Brian Evanko (CFO)
Products
  • Healthcare services
  • Health insurance
  • Life insurance
  • PBM
RevenueIncrease US$195.3 billion (2023)
Operating income
Increase US$8.536 billion (2023)
Net income
Decrease US$5.372 billion (2023)
Total assets Increase US$152.8 billion (2023)
Total equityIncrease US$46.22 billion (2023)
Number of employees
c. 72,500 (2023)
SubsidiariesExpress Scripts
Websitecigna.com
Footnotes / references
[1]

The Cigna Group is a for-profit American multinational managed healthcare and insurance company based in Bloomfield, Connecticut.[2][3] 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 is incorporated in Delaware.[4]

Cigna offers Medicare[5] 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.[6] In the Phoenix metropolitan area, Cigna runs a full-service staff-model health maintenance organization with satellite clinics throughout the region, known as the Evernorth Care Group[7] (formally Cigna Medical Group).[8] Cigna Global Health Benefits also operates under the Cigna corporation.

The company ranked #15 in the 2023 Fortune 500 list of the largest U.S. corporations by total revenue[9] and in the 2023 Forbes Global 2000 ranking the company took 68th place.[10]

  1. ^ "2023 Annual Report (Form 10-K)". U.S. Securities and Exchange Commission. February 29, 2024.
  2. ^ Emerson, Jakob (3 January 2023). "'The house always wins': Insurers' record profits clash with hospitals' hardship". Becker's Payer Issues. Becker's Healthcare. Retrieved 3 April 2023.
  3. ^ "Contact Us – Customer Service – Cigna". Cigna.com. Retrieved 2 June 2019.
  4. ^ "10-K". 10-K. Retrieved 1 June 2019.
  5. ^ "Cigna Insurance wants to make healthcare 'affordable and accessible' in the UAE via new smart product". MobiHealthNews. 2021-06-04.
  6. ^ "Cigna, Form 10-K, Annual Report, Filing Date Feb 28, 2013" (PDF). Secdatabase.com. Retrieved March 25, 2013.
  7. ^ "Cigna Medical Group to Expand Health Services to More People, Changes Name to Evernorth Care Group". www.evernorth.com. 2022-09-01. Retrieved 2023-05-26.
  8. ^ "About Cigna – More than a Health Insurance Company". Cigna, a Global Health Insurance and Health Service Company. Retrieved 2 June 2019.
  9. ^ "Cigna". fortune.com. Retrieved July 11, 2023.
  10. ^ "The Global 2000 2023". Forbes. Archived from the original on 2024-01-29. Retrieved 2024-02-07.

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