Cigna Corp.

Cigna Corp.

Cigna Corp.

Overview
Date Founded

1982

Headquarters

39300 Civic Center Dr # 290, Fremont, CA, 94538, US

Type of Company

Public

Employees (Worldwide)

73.7K

Industries

Insurance: Life & Health
Other Insurance Services
Medical Support Services
Hospitals & Patient Services

Company Description

Cigna Corp. is a global health service company, which is dedicated to improving the health, well-being and peace of mind. Its products and services include an integrated suite of health services such as medical, dental, behavioral health, pharmacy, vision, supplemental benefits and other related products including group life, accident and disability insurance.

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Executives & Employees

President & Chief Executive Officer

Chief Financial Officer & Executive Vice President

Executive Vice President & General Counsel

Executive Vice President & Global Chief Marketing Officer

Chief Executive Officer, Evernorth

Vice President, Chief Counsel & Corporate Secretary

Executive Vice President & Global Chief Information Officer

Executive Vice President & Chief Human Resources Officer

Chief Accounting Officer & Senior Vice President-Tax

President, US Markets

Board of Directors

Former Chairman & Chief Executive Officer at Cigna Holding Co.

President & Chief Executive Officer at Cigna Corp.

Former Chief Financial Officer at Wework Cos., Inc.

Manager at CDW LLC

Former Chief Executive Officer at Sysco Corp.

Vice Chancellor for Medical Affairs at The University of North Carolina at Chapel Hill

President & Chief Executive Officer at Graybar Electric Co., Inc.

Chief Executive Officer at NetApp, Inc.

Founder at The 5Ps, LLC

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Cigna Corp.
Owners & Shareholders
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Price Associates uses a complex and multifaceted approach to investment analysis and asset management decisions. They integrate ESG factors into their investment research process. The firm focuses on the ESG factors they consider most likely to have a material impact on the performance of securities in client accounts. Price Associates also focuses on their analytical process on three areas of research: the industry, the contracts issued, and the creditworthiness of each individual issuer.

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Dodge & Cox employs in-house, fundamental bottom-up research, a rigorous valuation discipline, and maintains a long-term investment horizon. Their investment decisions are made by a team of seasoned investment professionals. The firm’s approach stresses an evaluation of risk relative to opportunity and they seek investments that they believe are undervalued by the market.

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MFS Investment Management employs a variety of methods to evaluate securities, including fundamental analysis and quantitative analysis. The firm offers fundamental, active and research-driven equity strategies that strive for less volatility relative to benchmarks and greater value through changing markets. Fixed income strategy offers total return focused and credit-oriented approach. Multi-Asset strategy is goal-oriented, diversified and disciplined investment approach that combines broad diversification across multiple asset classes, active asset allocation, and bottom-up security selection. MFS' retirement solutions are designed with a goal of maximizing growth and supporting income over a lifetime by focusing on long-term returns. MFS Blended Research is an approach to active equity management that combines the firm’s fundamental research expertise with highly systematic quantitative research.

Recent Transactions
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Express Scripts Holding Company, Cigna Corp. purchase Verity Solutions Group, Inc. from OVP Venture Partners, Ignition Venture Partners LLC, PineBridge Private Equity Group, ORIX Growth Capital LLC

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Manipal Group, Manipal Education & Medical Group India Pvt Ltd. purchase CignaTTK Health Insurance Co. Ltd. from TTK Group, Cigna Corp.

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Cigna Holding Co. purchases Express Scripts Holding Company resulting in a new company Cigna Corp.

Insider Transactions
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Transaction Advisors
Legal Advisor

Advised onCigna Holding Co. purchases Express Scripts Holding Company resulting in a new company Cigna Corp.

Investment Advisor

Advised onNew York Life Insurance Company purchases from Cigna Corp.

Legal Advisor

Advised onNew York Life Insurance Company purchases from Cigna Corp.

Legal Advisor

Advised onNew York Life Insurance Company purchases from Cigna Corp.

Legal Advisor

Advised onNew York Life Insurance Company purchases from Cigna Corp.

Legal Advisor

Advised onNew York Life Insurance Company purchases from Cigna Corp.

Advisors & Consultants
Legal Advisor

Partner, Tax at Skadden, Arps, Slate, Meagher & Flom LLP

Advisor

Vice President, Corporate Communications at Express Scripts, Inc.

Advisor

Senior Manager, Corporate Communications at Express Scripts, Inc.

Clients

Molina Healthcare, Inc. engages in the provision of health care services. It operates through the Health Plans and Other segments. The Health Plans segment consists of health plans in 11 states and the Commonwealth of Puerto Rico and includes direct delivery business. The Other segment includes the historical results of the MMIS and behavioral health subsidiaries. The company was founded by C. David Molina in 1980 and is headquartered in Long Beach, CA.

Horizon Therapeutics Plc is a biopharmaceutical company, which is engages in the research, development, and marketing of pharmaceutical products. It operates through the Orphan and Rheumatology, and Inflammation segments. The Orphan and Rheumatology segment consists of medicines KRYSTEXXA, RAVICTI, PROCYSBI, ACTIMMUNE, BUPHENYL, QUINSAIR, and RAYOS. The Inflammation segment comprises of medicines PENNSAID 2%, DUEXIS, and VIMOVO. The company was founded in 2008 and is headquartered in Dublin, Ireland.

Health Care Service Corp. provides health and life insurance services. It operates through its divisions: Blue Cross and Blue Shield of Illinois, Blue Cross and Blue Shield of Montana, Blue Cross and Blue Shield of New Mexico, Blue Cross and Blue Shield of Oklahoma, and Blue Cross and Blue Shield of Texas. The company was founded by Justin Ford Kimball in 1929 and is headquartered in Chicago, IL.

Key Stats and Financials As of 2019
Market Capitalization
$81.4B
Total Enterprise Value
$115B
Earnings Per Share
$13.44
Revenue
$154B
Net Profit
$5.1B
Total Equity
$45.4B
Enterprise Value / Sales
0.75x
Three Year Compounded Annual Growth Rate Of Revenue
57.03%
Debt TEV
0.32x
TEVNet Income
22.55x
Total Debt
$37.4B
Non-Profit Donations & Grants
Political Donations
$250
2014
$250
2014
$250
2014
Investments
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Founded in 2006, MDLIVE, formerly MDLiveCare, is a leading telehealth provider of online and on-demand healthcare delivery services and software that benefit patients, hospitals, employers, payers, physician practice groups and accountable care organizations.

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Omada Health, Inc. engages in the provision of digital health services. It offers online diabetes and obesity prevention programs, health coaching, and integration of web, mobile, and smart devices. The company was founded by Andrew DiMichele, Adrian James, and Sean Duffy in 2011 and is headquartered in San Francisco, CA.

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Apache Industrial Services, Inc. provides industrial services for petrochemical, industrial and energy sectors. It offers abrasive blasting services, including robotic blasting, mineral abrasive blasting, water washing, water jetting, and high frequency induction stripping, fireproofing services, including epoxy fireproofing, precast, lightweight, reinforced, CUF, and hand-packing, and insulation services, including personnel protection, piping, equipment, and machinery. The company was founded by Douglas B. Lee in 1996 and is headquartered in Houston, TX.

Suppliers
Vertex Pharmaceuticals, Inc. Pharmaceuticals | Boston, MA

Vertex Pharmaceuticals, Inc. engages in the business of discovering, developing, manufacturing and commercializing small molecule drugs for patients with serious diseases. It focuses on development and commercializing therapies for the treatment of cystic fibrosis, infectious diseases including viral infections such as influenza and bacterial infections, autoimmune diseases such as rheumatoid arthritis, cancer, inflammatory bowel disease and neurological disorders including pain and multiple sclerosis. The company was founded by Joshua S. Boger in 1989 and is headquartered in Boston, MA.

Regeneron Pharmaceuticals, Inc. Pharmaceuticals | Tarrytown, New York

Regeneron Pharmaceuticals, Inc. is a biotechnology company, which engages in the discovery, invention, development, manufacture, and commercialization of medicines. It product portfolio includes the following brands: EYLEA, Dupixent, Praluent, Kevzara, Libtayo, ARCALYST, and ZALTRAP. The firm accelerates the traditional drug development process through its proprietary VelociSuite technologies such as VelocImmune, which uses unique genetically-humanized mice to produce optimized fully-human antibodies and bispecific antibodies. The company was founded by Alferd G. Gilman, Leonard S. Schleifer, and Eric M. Shooter on January 8, 1988 and is headquartered in Tarrytown, NY.

Tenet Healthcare Corporation Hospitals & Patient Services | Dallas, TX

Through our values of quality, integrity, service, innovation and transparency, Tenet is a disciplined operating company uniquely positioned for growth. Since 2003, Tenet's Commitment to Quality has improved the quality of medical care and patient safety at its hospitals and other businesses by evaluating processes and promoting best practices. As the world in which Tenet operates continues to change, Tenet's Commitment to Quality will remain focused on quality, the growing quality gap relative to top performers in the industry, and the fact that payers and employees use quality as a distinguishing factor. Visit the Quality Care page for more information. Tenet has taken the lead in addressing the needs of the uninsured through its Compact With Uninsured Patients. Established in 2003, the Compact focuses on treating patients without insurance fairly and with respect during and after their treatment, regardless of their ability to pay. Tenet also is committed to working with its patients through financial counseling and alternative payment options.

Competitors
Anthem, Inc. Insurance: Life & Health - Indianapolis, Indiana

At WellPoint, we believe there is an important connection between our members’ health and well-being—and the value we bring our customers and shareholders. So each day we work to improve the health of our members and their communities. WellPoint is one of the nation’s largest health benefits companies, with more than 36 million members in its affiliated health plans and nearly 67 million individuals served through its subsidiaries. One in nine Americans receives coverage for their medical care through WellPoint's affiliated plans. We offer a broad range of medical and specialty products.

CVS Health Corp. Retail: Drug Stores - Woonsocket, RI

CVS Health Corp. engages in the provision of health care services. It operates through the following segments: Pharmacy Services, Retail or Long Term Care, Health Care Benefits, and Corporate. The Pharmacy Services segment offers pharmacy benefit management solutions. The Retail or Long Term Care segment includes selling of prescription drugs and assortment of general merchandise. The Health Care Benefits segment offers traditional, voluntary and consumer-directed health insurance products and related services, including medical, pharmacy, dental, behavioural health, medical management capabilities. The Corporate segment involves in providing management and administrative services. The company was founded by Stanley P. Goldstein and Ralph Hoagland in 1963 and is headquartered in Woonsocket, RI.

Prudential Financial, Inc. Insurance: Life & Health - Newark, NJ

For more than 135 years, Prudential Financial, Inc., has helped individual and institutional customers grow and protect their wealth. Today, we are one of the world's largest financial services institutions with operations in the United States, Asia, Europe, and Latin America. We also have one of the most recognized and trusted brand symbols: The Rock ®, an icon of strength, stability, expertise, and innovation.

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