The Cigna Group - Company Profile
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The Cigna Group (Cigna) is a health service company that offers integrated health plans and services such as medical, dental, disability, life and accident insurance and related products and services. Its major services include commercial medical health plans, government health plans, and specialty products and services in the areas of medical, behavioral, pharmacy management, dental and vision. Cigna offers these products to employers, organizations, individuals and other groups. Cigna offers its products through its sales offices in the domestic market and through distributors and licensees in foreign countries. The company, along with its subsidiaries, operates in various markets in the Americas, Europe, the Middle East, Africa and Asia-Pacific. Cigna is headquartered in Bloomfield, Connecticut, the US.
Headquarters
United States of America
Address
900 Cottage Grove Road, Bloomfield, Connecticut, 06002-2920
Website
www.thecignagroup.com
Telephone
1 860 2266000
No of Employees
72,500
Industry
Financial Services
Ticker Symbol & Exchange
CI (NYSE)
Revenue (2022)
$195.3B
8.2%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
-23%
(2022 vs 2021)
Market Cap*
$101.2B
Net Profit Margin (2022)
XYZ
-28.8%
(2022 vs 2021)
* As of and is in US$
The Cigna Group premium industry data and analytics
Products and Services
| Products | Services | Brands |
|---|---|---|
| Health Insurance for Individuals and Families | Medicare Services | Evernorth |
| Dental Insurance Plans | Cigna | |
| Medicare and Medicaid Plans | Cigna HealthCare | |
| XYZ | ||
| XYZ | ||
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2024 | Plans/Strategy | In January, the company announced its plans to sell Medicare Advantage business to Health Care Service Corp. |
| 2023 | Others | In December, the company discarded plans to merge with Humana. |
| 2023 | Contracts/Agreements | In November, Cigna Healthcare entered a new partnership with AAR Insurance Kenya to transform the insurance landscape in East Africa, deliver comprehensive and unmatched insurance coverage. |
Competitor Comparison
| Key Parameters | The Cigna Group | UnitedHealth Group Inc | Elevance Health Inc | Humana Inc | Blue Cross Blue Shield of Michigan Mutual Insurance Co |
|---|---|---|---|---|---|
| Headquarters | United States of America | United States of America | United States of America | United States of America | United States of America |
| City | Bloomfield | Hopkins | Indianapolis | Louisville | Detroit |
| State/Province | Connecticut | Minnesota | Indiana | Kentucky | Michigan |
| No. of Employees | 72,500 | 440,000 | 104,900 | 67,600 | 8,100 |
| Entity Type | Public | Public | Public | Public | Private |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| David M. Cordani | Chairman; Chief Executive Officer; President | Executive Board | 2009 | 57 |
| Brian C. Evanko | Executive Vice President; Chief Financial Officer | Senior Management | 2021 | 46 |
| Noelle K. Eder | Executive Vice President; Chief Information Officer | Senior Management | 2020 | 53 |
| John M. Murabito | Chief Administrative Officer | Senior Management | 2021 | - |
| David Brailer | Executive Vice President; Chief Health Officer | Senior Management | 2022 | 63 |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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