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.

Contact Data
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Executives & Employees

President & Chief Executive Officer

Executive Vice President & Chief Financial Officer

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

Evernorth President & Chief Operating Officer

Board of Directors

Former Chairman & Chief Executive Officer at Cigna Holding Co.

President & Chief Executive Officer at Cigna Corp.

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

Former Chief Financial Officer & Senior Vice President at Baker Hughes Holdings LLC

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

Founder at The 5Ps, LLC

Operating Partner at Corsair Capital 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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CWI employs a long-term, value-oriented global investment approach and a multiple portfolio manager system that combines teamwork and individual accountability. The firm utilizes fundamental research to gather in-depth information on markets and companies around the world. They also employ a security-by-security approach to portfolio construction and emphasize long-term investments. Their strategies focus on determining the difference between the fundamental value of a company and its price in the marketplace. CWI offers a wide variety of equity, fixed-income and balanced investment strategies. Their strategies are categorized as global, multi-regional and regional investment strategies.

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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.

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

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.

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.

Summit Financial Group, Inc. is a holding company, which engages in the provision of community banking and insurance services. It operates through the following division: Community Banking, and Lending. the Community Banking division includes demand, savings and time deposits; commercial, real estate and consumer loans; trust and wealth management services; and cash management services. The Lending division refers to the commercial, commercial real estate, construction and land development, residential real estate, consumer and mortgage warehouse lines of credit.The company was founded on March 5, 1987 and is headquartered in Moorefield, WV.

Key Stats and Financials As of 2020
Market Capitalization
$73.9B
Total Enterprise Value
$110B
Earnings Per Share
$22.96
Revenue
$161B
Net Profit
$8.46B
Enterprise Value / Sales
0.69x
Debt TEV
0.3x
TEVNet Income
13.04x
Total Debt
$33.6B
Total Equity
$50.4B
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.

Investors
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Investor at Snapchat

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Partner at Mayfield Fund LLC

Suppliers
Vertex Pharmaceuticals, Inc. Pharmaceuticals | Boston, MA

Vertex Pharmaceuticals, Inc. is a global biotechnology company. It engages in the business of discovering, developing, manufacturing and commercializing small molecule drugs for patients with serious diseases. The firm 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.

Mallinckrodt Plc Pharmaceuticals | Blanchardstown, Ireland

Mallinckrodt Plc is a global specialty pharmaceuticals company. It develops, manufactures, markets and distributes both branded and generic specialty pharmaceutical products and medical imaging agents. It operates through the Specialty Brands and Specialty Generics segments. The Specialty Brands segment includes branded medicines. The Specialty Generics segment relates to specialty generic drugs, active pharmaceutical ingredients, as well as external manufacturing. The company was founded by Gustavo Mallinckrodt, Otto Mallinckrodt and Edward Mallinckrodt in 1867 and is headquartered in Blanchardstown, Dublin.

Benefitfocus, Inc. Consumer Services | Charleston, South Carolina

Benefitfocus, Inc. engages in the provision of cloud-based benefits management platform for consumers, employers, insurance carriers, and brokers. The company was founded by Mason R. Holland and Shawn A. Jenkins in June 2000 and is headquartered in Charleston, SC.

Competitors
Walgreens Boots Alliance, Inc. Retail: Drug Stores - Deerfield, IL

Walgreens Boots Alliance, Inc. engages in the provision of drug store services. It operates through the following segments: Retail Pharmacy USA, Retail Pharmacy International, and Pharmaceutical Wholesale. The Retail Pharmacy USA segment consists of the Walgreens business, which includes the operation of retail drugstores, health and wellness services, and mail and central specialty pharmacy services. The Retail Pharmacy International segment consists of pharmacy-led health and beauty retail businesses and optical practices. The Pharmaceutical Wholesale segment consists of the Alliance Healthcare pharmaceutical wholesaling and distribution businesses and an equity method investment in AmerisourceBergen. The company was founded in 1901 and is headquartered in Deerfield, IL.

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/Other. 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, behavioral health, medical management capabilities. The Corporate/Other 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.

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