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Corporate and Financial News
Cigna Reports Strong First Quarter 2013 Results, Raises Outlook
02 May 2013BLOOMFIELD, Conn., May 02, 2013 - Cigna Corporation (NYSE: CI) today reported first quarter 2013 consolidated revenues of $8.2 billion, an increase of 21% over the first quarter of 2012. Revenues reflect growth in premiums and fees of 20% in Global Health Care, 36% in Global Supplemental Benefits and 12% in Group Disability and Life, driven by continued growth in our targeted customer segments.
more>>Cigna Corporation Announces First Quarter 2013 Earnings Release Date
28 March 2013BLOOMFIELD, Conn., March 28, 2013 - Cigna Corporation (NYSE:CI) will release its First Quarter 2013 financial results on Thursday, May 2, 2013.
more>>Cigna Declares Dividend
28 February 2013BLOOMFIELD, Conn., February 28, 2013 - On February 27, 2013, the board of directors of Cigna Corporation (NYSE: CI) declared an annual dividend of $0.04 per common share. The dividend is payable on April 10, 2013, to shareholders of record as of March 12, 2013.
more>>Cigna Reports Strong Full Year 2012 Results, Expects Continued Positive Momentum for 2013
07 February 2013BLOOMFIELD, Conn., February 07, 2013 - Cigna Corporation (NYSE: CI) today reported full year 2012 consolidated revenues of $29.1 billion, an increase of 33% over 2011. Revenues reflect growth in premiums and fees of 38% from ongoing operations, primarily driven by contributions from the HealthSpring acquisition and continued organic growth in targeted customer segments.
more>>Cigna Announces Transaction to Exit Run-off Operations
04 February 2013BLOOMFIELD, Conn., February 04, 2013 - Cigna Corporation (NYSE: CI) today announced a definitive agreement with Berkshire Hathaway Life Insurance Company of Nebraska, a member of the Berkshire Hathaway, Inc. group (Berkshire), under which Berkshire will reinsure Cigna's Run-off Guaranteed Minimum Death Benefits (VADBe) and Guaranteed Minimum Income Benefits (GMIB) businesses effective February 4, 2013. Cigna will fund this transaction with an incremental $100 million of parent company cash, approximately $1.8 billion of investment assets supporting the run-off businesses, and an estimated $300 million tax benefit associated with the transaction.
more>>Cigna Corporation Announces Appearance at the 31st Annual J.P. Morgan Healthcare Conference
02 January 2013BLOOMFIELD, Conn., January 02, 2013 - Cigna Corporation (NYSE: CI) announced today that David Cordani, President and Chief Executive Officer, will present at the 31st Annual J.P. Morgan Healthcare Conference on January 7, 2013 in San Francisco, CA.
more>>Cigna Completes Acquisition of Arcadian and Humana Medicare Advantage Plans in Select Markets
02 January 2013BLOOMFIELD, Conn., January 02, 2013 - Cigna (NYSE: CI) announced today it has completed its acquisition of select Arcadian and Humana Medicare Advantage plans in Arkansas, Oklahoma and Texas. In addition to the Amarillo, Longview-Marshall and Texarkana markets that were initially announced in late June, the closing acquisition also incorporates the Fort-Smith market, bringing the Medicare Advantage service area expansion to a total of 35 new counties.
more>>Cigna Reports Strong Third Quarter Results and Raises 2012 Outlook
01 November 2012BLOOMFIELD, Conn., November 01, 2012 - Cigna Corporation (NYSE: CI) today reported third quarter 2012 consolidated revenues of $7.4 billion, an increase of 31% over the third quarter of 2011. Revenues reflect growth in premiums and fees of 51% in Health Care, 22% in International and 9% in Disability and Life, primarily driven by contributions from the HealthSpring acquisition and continued organic growth in our targeted customer segments.
more>>Cigna Corporation Announces Appearance at the Morgan Stanley Global Healthcare Conference
04 September 2012BLOOMFIELD, Conn., September 04, 2012 - Cigna Corporation (NYSE: CI) announced today that David Cordani, President and Chief Executive Officer, will present at the Morgan Stanley Global Healthcare Conference on September 11, 2012 in New York, NY.
more>>Cigna Completes Acquisition of Great American Supplemental Benefits Group
31 August 2012BLOOMFIELD, Conn., August 31, 2012 - Cigna (NYSE:CI) announced today it has completed its acquisition of Great American Supplemental Benefits from American Financial Group, Inc. (NYSE/NASDAQ:AFG) for $305 million in cash, subject to closing adjustments. Great American Supplemental Benefits Group, with 2011 premiums of $300 million and more than 200,000 current customer relationships, will now do business as Cigna Supplemental Benefits. The new business positions Cigna as one of the largest producers, distributors and marketers of supplemental health care and related products in the United States.
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