Premium Company Profile: CIGNA Corporation

Having strengthened its health care operations through acquisitions and joint ventures, CIGNA Corporation (CIGNA or ‘the company’) is expanding its businesses, while maintaining focus on both organic and inorganic growth. This profile offers a comprehensive review of the company’s operations and performance.

Report Highlights
CIGNA and its subsidiaries constitute one of the largest investor-owned health care and related benefits organizations in the US. The company is one of the top US health insurers and it is one of the top five providers of group disability, life and accident insurance (based on premiums) in the US. CIGNA is primarily focused on growing through acquisitions. It continually evaluates potential acquisitions and other transactions that present opportunities to enhance its product capabilities and provide a basis for lower medical costs. It’s profitability is facing pressure due to increasing medical costs in the US. There has been an increase in the reimbursement rates to hospitals and physicians as hospitals are merging to increase in size, giving them more bargaining power in their negotiations with insurers.
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Overview 1
Catalyst 1
Summary 1
2
tables 3
Company Structure 4
Company Overview and Key Facts 4
Business Description 4
Overview 4
Health care 5
Disability and life 5
International 5
Run-off reinsurance 6
Other operations 6
History 6
Company Locations and Subsidiaries 8
Head Office 8
Other Locations and Subsidiaries 8
Company Financials 11
Overview 11
Revenue by Division 11
Products and Services List 12
Major Products and Services 12
Competitors and Strategic Business Relationships 13
Top Competitors 13
Shareholding Structure 13
Strategy 14
Company View 14
Strategy 19
Overview 19
Acquisitions 19
Improving operational efficiency 20
Alliances 20
International expansion 20
Acquisition of Great-West Healthcare 20
Corporate Social Responsibility 21
Overview 21
Examples 21
SWOT Analysis 23
Overview 23
Strengths 23
Strong national network in the healthcare business 23
Comprehensive offerings 24
Growing international business 24
Weaknesses 24
Poor financial performance 24
Weak balance sheet 25
Opportunities 25
Strategic acquisitions and alliances 25
Uninsured population 26
Expanding Medicare business 26
Threats 26
Increasing medical costs 26
Volatility in financial markets 27
Economic slowdown in US 27
Key Employees 28
List of Key Employees 28
Key Employee Biographies 29
H. Edward Hanway 29
Robert H. Campbell 29
Isaiah Harris 29
Jane E. Henney 30
Peter N. Larson 30
Roman Martinez 30
James E. Rogers 30
Harold A. Wagner 31
Carol Cox Wait 31
Eric C. Wiseman 31
Donna F. Zarcone 31
William D. Zollars 32
Michael W. Bell 32
David M. Cordani 32
Paul E. Hartley 32
John M. Murabito 33
Carol Ann Petren 33
Karen S. Rohan 33
Michael D. Woeller 33
Financial and Operational Overview 34
Financial Overview 34
APPENDIX 37
Ask the analyst 37
Datamonitor consulting 37
Disclaimer 37
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Table 1: CIGNA Corporation - Key Facts 4
Table 2: CIGNA Corporation - Other Locations and Subsidiaries 8
Table 3: CIGNA Corporation - Revenue by Division, 2005-2006 ($ Mn) 11
Table 4: CIGNA Corporation - Products and Services 12
Table 5: CIGNA Corporation - Top Competitors 13
Table 6: CIGNA Corporation - Key Shareholders 13
Table 7: CIGNA Corporation - SWOT Analysis Summary 23
Table 8: CIGNA Corporation - Key Employees 28
Table 9: CIGNA Corporation - Financial Statements Summary 34
Table 10: CIGNA Corporation - Other Key Statistics and Ratios 34
Table 11: CIGNA Corporation - Overview of Operating Segments 35

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