The Cigna Group

Leading American multinational managed healthcare and insurance company providing health insurance, pharmacy benefits management, and healthcare services globally.

Company Type

public

Founded

1982

Headquarters

Bloomfield, Connecticut, USA

Stock

NYSE: CI

About The Cigna Group

The Cigna Group operates through several key business segments focused on healthcare services and insurance. The company's core offerings include health insurance, pharmacy benefits management, and other health-related products and services.

The company provides medical, dental, disability, life, and accident insurance products primarily through employers and other groups, including governmental organizations, unions, and associations. Cigna's pharmacy benefits management services are delivered through Express Scripts, which manages prescription drug benefits for millions of Americans.

Cigna also offers international health insurance products and services through its global operations, serving customers in over 30 countries. The company has expanded into digital health services and telemedicine to enhance access to healthcare for its customers.

The Cigna Group employs approximately 74,000 people worldwide and generates annual revenues exceeding $180 billion. The company serves millions of customers globally, making it one of the largest healthcare insurance companies in the world.

History of The Cigna Group

The Cigna Group traces its origins to 1982 when the Connecticut General Life Insurance Company (CG) merged with the Insurance Company of North America (INA) to form Cigna. Connecticut General was founded in 1865 in Hartford, Connecticut, while INA was established in 1792 in Philadelphia, making it one of the oldest insurance companies in America.

Throughout the 1980s and 1990s, Cigna expanded through acquisitions and diversification into various insurance and healthcare services. The company grew its international operations and expanded into managed healthcare, pharmacy benefits management, and other health-related services.

In 2018, Cigna completed a landmark $67 billion acquisition of Express Scripts, one of the largest pharmacy benefits management companies in the United States. This acquisition transformed Cigna into a more comprehensive healthcare services company with significant capabilities in pharmacy benefits management.

In February 2023, the company changed its name from Cigna Corporation to The Cigna Group to better reflect its diverse portfolio of businesses and global healthcare services. The rebranding emphasized the company's evolution beyond traditional health insurance into a broader healthcare services organization.

Brands Owned by The Cigna Group

The Cigna Group owns 4 brands in our database.

Cigna Dental

Owned by The Cigna Group

American dental insurance brand providing dental coverage plans, preventive care services, and oral health solutions for individuals, families, and employer groups.

dental-insuranceoral-healthpreventive-care

Cigna Healthcare

Owned by The Cigna Group

American health insurance brand providing medical coverage, health plans, and wellness services for individuals, families, and employers through various insurance products.

health-insurancemedical-coveragehealth-plans

Cigna Pharmacy

Owned by The Cigna Group

American pharmacy services brand providing prescription drug coverage, medication management, and pharmacy benefits through integrated healthcare and pharmacy solutions.

pharmacy-servicesprescription-drugsmedication-management

Express Scripts

Owned by The Cigna Group

One of the largest pharmacy benefits managers in the United States, owned by The Cigna Group and operating within its Evernorth Health Services division.

pharmacy-benefitsmail-order-pharmacyprescription-drugs

Shop The Cigna Group Brands

Disclosure: We may earn commission from purchases

Cigna Dental on Amazon

Cigna Healthcare on Amazon

Cigna Pharmacy on Amazon

Stock Information

The Cigna Group Ownership: Pros & Cons

Advantages

+Diversified healthcare services portfolio reducing reliance on single segments
+Strong market position in pharmacy benefits management through Express Scripts
+Global presence providing geographic diversification
+Integrated healthcare delivery model
+Strong relationships with employers and healthcare providers

Considerations

-Regulatory scrutiny over healthcare pricing and practices
-Complex healthcare regulations affecting operations
-Competition from other large insurance companies and healthcare providers
-Pressure on healthcare costs and pricing transparency
-Balance between growth and regulatory compliance in healthcare

Frequently Asked Questions About The Cigna Group

Is Cigna a subsidiary of another company?

The Cigna Group is an independent, publicly traded corporation with no parent company. The company operates independently with its own management structure and board of directors, though it was formed through the merger of Connecticut General and INA in 1982.

Is Cigna publicly traded?

Yes, The Cigna Group is publicly traded on the New York Stock Exchange under the ticker symbol CI. The company has been publicly traded since its formation in 1982, allowing investors to purchase shares and own a portion of the company.

When was Cigna founded?

The Cigna Group was founded in 1982 through the merger of Connecticut General Life Insurance Company (founded 1865) and Insurance Company of North America (founded 1792). The company was renamed The Cigna Group in February 2023.

Who founded Cigna?

The modern Cigna was created through the merger of Connecticut General Life Insurance Company and Insurance Company of North America. The merger brought together two established insurance companies to create a comprehensive healthcare and insurance organization.

What is Cigna's market position?

The Cigna Group is one of the largest healthcare insurance companies globally by revenue and market capitalization. The company maintains strong positions in health insurance, pharmacy benefits management through Express Scripts, and international health insurance markets.

About The Cigna Group

History of The Cigna Group