Cigna, now known as The Cigna Group, is a global health company headquartered in Bloomfield, Connecticut. As a major player in the healthcare industry, Cigna offers a wide range of products and services through its two main divisions: Cigna Healthcare and Evernorth Health Services.
## Company Overview
The Cigna Group is a multinational, for-profit managed healthcare and insurance company. It ranks 15th on the 2023 Fortune 500 list of largest U.S. corporations by total revenue and 68th on the 2023 Forbes Global 2000 ranking. The company serves over 100 million customers worldwide and employs approximately 74,000 people.
## Products and Services
Cigna offers a comprehensive suite of health-related products and services, including:
**Medical Insurance:** Providing health insurance plans for individuals, employers, and government programs.
**Dental Plans:** Offering dental coverage to over 17 million customers with options that include vision and hearing benefits.
**Specialty Products:** Including disability, life, and accident insurance.
**Pharmacy Benefits:** Managed through Evernorth Health Services.
**Global Health Benefits:** Catering to expatriates and globally mobile employees with international health insurance and employee benefits programs.
## Recent Developments
In January 2024, Cigna agreed to sell its Medicare Advantage, Cigna Supplemental Benefits, Medicare Part D, and CareAllies businesses to Health Care Service Corporation (HCSC) for approximately $3.7 billion. The deal is expected to close in the first quarter of 2025.
## Corporate Structure
Cigna operates through various subsidiaries across the United States and internationally. These subsidiaries provide different types of insurance and healthcare services, including HMOs, PPOs, and other medical plans.
## Corporate Responsibility
The Cigna Group emphasizes its commitment to improving health and vitality globally. The company publishes an annual Environmental, Social, and Governance (ESG) Report, highlighting its efforts in areas such as health equity and community health.
In conclusion, Cigna, as part of The Cigna Group, continues to be a significant force in the global healthcare industry, offering a wide range of health-related products and services while adapting to the changing landscape of healthcare delivery and insurance.
Citations:
https://www.cigna.com
https://www.thecignagroup.com/about-us/
https://www.globaldata.com/company-profile/cigna-corp/
https://en.wikipedia.org/wiki/Cigna
https://www.thecignagroup.com
https://www.cigna.com/about-us/
https://www.cignahealthbenefits.com/en/
https://www.cigna.com/legal/compliance/cigna-company-names