CIGNA Corporation
Industry: Insurance (Accident & Health)

CIGNA Corporation, headquartered in Philadelphia, and its subsidiaries constitute 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; retirement products and services; and investment management

Business Summary
CIGNA Corporation is an investor-owned employee benefits organization in the United States. Through its subsidiaries, the Company is a provider of employee benefits offered through the workplace, including healthcare products and services, and group disability, life and accident insurance. CIGNA's major insurance subsidiary is Connecticut General Life Insurance Company (CG Life). CIGNA operates in six business segments: Healthcare segment, Disability and Life segment; International segment; Run-off Reinsurance segment; Run-off Retirement segment, and Other Operations. On April 1, 2004, CIGNA completed the sale of its retirement benefits business to Prudential Financial, Inc.

Financial Summary
CIGNA Corporation provides insurance and related financial services including life/health, managed care, annuity, retirement and investment products. For the 6 months ended 6/30/05, revenues decreased 10% to $8.45B. Net income from cont. ops. increased 14% to $807M. Revenues reflect a decline in health care medical claims payable. Net income reflects improved operating margins and lower benefit expenses.