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| Type | Public (NYSE: CI) |
|---|---|
| Founded | CG and INA merger in 1982 |
| Headquarters | Philadelphia, Pennsylvania, USA |
| Key people | H. Edward Hanway, Chairman & CEO |
| Industry | Health Care Plans |
| Products | [Health plans[Group Insurance |
| Revenue | ▲$17.6 billion USD (2007) |
| Operating income | ▲$1.1 billion USD (2007) |
| Website | www.CIGNA.com |
CIGNA Corporation (NYSE: CI) is a Philadelphia-based health service company. The Philadelphia headquarters are located in Two Liberty Place.
Contents |
Overview
CIGNA can trace its roots back to 1792, and the founding of the Insurance Company of North America (INA), the US's first marine insurer. Its first life insurance policy was issued two years later. In 1865, the Connecticut General Life Insurance Company (CG) was formed in Hartford, Connecticut. Nearly 120 years later, in 1982, CG and INA merged to form CIGNA. In 1993 CIGNA introduced its Tree of Life brand identity. In 1998, CIGNA sold its individual life insurance business to Lincoln National Corporation, and the next year it sold its property and casualty insurance business to ACE Limited. In 2000, it sold its reinsurance business to Swiss Re. In 2004, it sold its pension business to Prudential Financial. CIGNA's business segments include CIGNA Healthcare, CIGNA Group Life & Disability, and CIGNA International, all core businesses designed to help customers improve their health, well-being and security. Ed Hanway is the CEO of CIGNA and Mike Bell, the CFO. David Cordani leads the Healthcare segment as President.
Quality of Care
In California's Office of the Patient Advocate Health Care Quality Report Card, CIGNA scored 2 out of 4 stars in both Meeting National Standards of Care and Members Rate Their HMO
In U.S. News and World Report's 2007 annual ranking of US commercial health plans, CIGNA's highest and lowest rankings are as follows, out of 250 rated plans1:
- 18. New Hampshire
- 198. California
Competitors
- Blue Cross Blue Shield
- Aetna Inc. (AET)
- Humana Inc. (HUM)
- UnitedHealth Group Incorporated (UNH)
- WellPoint, Inc. (WLP)
- Health Net,Inc. (HNT)
- MEGA Insurance,Inc. (UCI)
See also
References
- ^ "Best Health Plans 2007". Retrieved on 2008-05-19.
External links
- Calif. Family Blames HMO in Girl's Death
- Transplant Decision Too Late, Teen Dies
- Cigna
- Video: The Controversy
Data
Wikipedia content modification information:
- This page was last modified on 24 November 2008, at 22:32.
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