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Global 500

Michael McAndrews — AP

264

Cigna

CI

U.S.

The health insurer–the fifth largest in the U.S.–agreed last year to be acquired by its rival Anthem for $48.4 billion. The move should give the combined company greater scale and help it cut costs, something that is sorely needed, particularly now as the Affordable Care Act has eaten into profits across the industry. While Cigna, like its peers, has had to deal with high medical expenses from its newly insured customers since the health care law went into effect, the impact on the company has been minimal: Cigna’s individual health plans, which were sold on ObamaCare exchanges in eight states in 2015, only represent 1% of its total medical insurance company’s customers. Although the company’s CEO said late last year that it hasn’t made any money on its ACA business so far, Cigna’s profits only declined very slightly in 2015, and its revenues rose 8.5%. It is still waiting on U.S. regulators to approve its deal with Anthem, and it is unclear how long that will take, given increased federal scrutiny of M&A.

CEO

David M. Cordani

Sector

Health Care

Industry

Health Care: Insurance and Managed Care

HQ Location

Bloomfield, CT

Employees

39,300

Years on Global 500 List

21

Key Financials (last fiscal year)
($ Millions)% change
Revenues ($M)$37,8768.5%
Profits ($M)$2,094-0.4%
Assets ($M)$57,088
Total Stockholder Equity ($M)$12,035
Profit Ratios
Profit as % of Revenues5.5%
Profits as % of Assets3.7%
Profits as % of Stockholder Equity17.4%
STOCK QUOTE
()0.00 0.00 (0)
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  • 52 Week Change %: 0.00
  • P/E Ratio: n/a
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Videos about Cigna