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Fortune 500

Michael McAndrews — AP

79

Cigna

CI

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

Years on Fortune 500 List

22

Employees

39,300

Cigna is also featured in these fortune lists
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)$12,035
Market Value — as of March 31, 2016 ($M)$35,101
Profit Ratios
Profit as % of Revenues5.5%
Profits as % of Assets3.7%
Profits as % of Stockholder Equity17.4%
Earnings Per Share (Last Fiscal Year)
Earnings Per Share ($)8.04
EPS % Change (from 2014)2.7%
EPS % Change (5 year annual rate)10.5%
EPS % Change (10 year annual rate)6.8%
Total Return
Total Return to Investors (2015)42.2%
Total Return to Investors (5 year, annualized)32.0%
Total Return to Investors (10 year, annualized)14.8%
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News about Cigna

Cigna Reports a 12 Percent Drop in Opioid Use Among Its U.S. Customers

Cigna pledged to cut its customers' prescriptions for opioid treatments by 25 percent by 2019.

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A Federal Judge Has Blocked the $54 Billion Anthem-Cigna Merger

The Justice Department sued in July to stop Anthem's purchase of Cigna.

Read More →