Cigna

Employee benefits company.

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Headquarters: Two Liberty Place
Philadelphia, PA 19192
Employees: 30,000
CEO: David Cordani
Stock Symbol: CI

Website: http://www.cigna.com

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Cigna Corporation and its subsidiaries make up one of the largest publicly owned employee benefits organizations in the United States. Its subsidiaries are major providers of employee benefits offered through the workplace, including health care products and services; group life, accident and disability insurance products.

More than 47 million people are covered with Cigna plans around the world. Medical memership was over 11 million at the end of 2009.

Cigna has operations in 15 countries with 176 offices in the U.S.

For 2009, total revenues were $18.4 billion and net income was $1.3 billion.

The company announced in January it plans to cut 1,100 workers or about 4% of its total workforce to reduce expenses.

History

In 1792, after a series of meetings in Philadelphia's Independence Hall, a group of prominent citizens forms the Insurance Company of North America (INA). INA is the first marine insurance company in the United States, and it will remain the nation's oldest stockholder-owned insurer. In 1865, The Governor of Connecticut signs a special act of the General Assembly incorporating the Connecticut General Life Insurance Company (CG).

In 1981, CG and INA announce the intent to combine Connecticut General Corporation and INA Corporation. In 1982, CIGNA was chosen as the name of the new company utilizing the initials of its predecessors.

Benefits

Cigna offers benefits, most of which are available on the first day of work.

- Medical, dental, disability, life and mental-health coverage
- 401(k) and pension plans - Company matches $0.50 for first six percent invested
- Long-term care insurance
- Flexible work arrangements
- Elder-and child-care assistance
- 11 paid holidays per year, up to 4 of which are floating holidays
- Educational reimbursement
- Fitness programs
- Employee retail discount program
- Lactation centers

Updated February 4, 2010