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Cigna Expects To Reaffirm 2021 Consolidated Adjusted Income From Operations On Per Share Basis
Cigna Sees FY 2021 Adjusted Rev To Be At Least $172 Bln
Chubb To Acquire Cigna's $3 Bln Premium Health And Life Insurance Business In Seven Asia-Pacific Markets For $5.75 Billion
Cigna Corporation is a health services company that offers medical, dental insurance and related products and services. The Company's segments are Evernorth, U.S. Medical and International Markets. The Company's Evernorth segment is engaged in offering coordinated and point solution health services, including Pharmacy Solutions, Benefits Management Solutions, Care Solutions, Evernorth Intelligence Solutions, and Provider Services which are provided to health plans, employers, government organizations, and health care providers. Its U.S. Medical segment offers U.S. Commercial and U.S. Government health care solutions to employers and individuals. Its International Markets segment provides a range of medical and supplemental health, life and accident benefits to individuals and employers. Its products and services include health coverage, hospitalization, dental, critical illness, personal accident, term life, medical cost containment and variable universal life.
900 Cottage Grove Road
David M Cordani
Chairman of the Board, President, Chief Executive Officer
Brian C. Evanko
Chief Financial Officer, Executive Vice President
Eric P. Palmer
President and Chief Executive Officer - Evernorth
President - International Markets
Michael W. Triplett
President - U.S. Commercial
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The successor of a bankrupt mental-health and substance-abuse treatment provider can sue Cigna for $8.6 million in unpaid benefits but can’t seek damages for fraud, a federal appeals court held in a pair of opinions on Friday.
Cigna Corp on Thursday joined rival U.S. health insurers in signaling a lower hit from costs related to COVID-19 next year and maintained its target of at least 10% earnings growth over a newly raised 2021 adjusted profit estimate.
Cigna Corp reported a near 17% jump in third-quarter profit on Thursday and modestly raised its full-year adjusted profit forecast, on the back of growth in its health services unit that includes the pharmacy benefits management business.
Three law firms — including Wachtell, Lipton, Rosen & Katz and Sullivan & Cromwell — are steering U.S. insurer Chubb Ltd’s plans to purchase Cigna Corp’s insurance businesses in seven countries for $5.75 billion in cash.
U.S. insurer Chubb Ltd has agreed to buy health insurer Cigna Corp's life, accident, and supplemental benefits businesses in Asia Pacific and Turkey for $5.75 billion in cash, both insurers said, marking the latest consolidation in Asia's insurance sector.
Health insurer Cigna Corp said on Thursday it entered into an agreement with Chubb Ltd to sell its life, accident and supplemental benefits businesses in seven countries for $5.75 billion in cash. (Reporting by Bhargav Acharya in Bengaluru; editing by Uttaresh.V)
U.S. health insurer Cigna Corp on Thursday named company veteran Eric Palmer as president and chief executive officer of its Evernorth health services unit that primarily houses its pharmacy benefit management business.
Health insurer Cigna Corp on Thursday named Eric Palmer as president and chief executive officer of Evernorth, its health services unit that mainly houses its pharmacy benefit management business.
Cigna Corp said on Thursday it would now sell health insurance plans on online marketplaces created by the Affordable Care Act (ACA), popularly known as Obamacare, in three new U.S. states and 93 new counties.
Cigna Corp said on Wednesday it requires its employees working remotely to be fully vaccinated before entering any U.S. worksite from Sept. 7, as infections from the Delta variant of the coronavirus rise in the country.
Shares of Cigna Corp tumbled 13% after the health insurer warned of a bigger hit to its full-year earnings due to the impact of the pandemic and said it also expects non-COVID costs to trend near normal levels in the second half of the year.
Health insurer Cigna Corp reported a 16.4% fall in second-quarter profit on Wednesday, hurt by higher medical costs, and said it expects a negative earnings impact from COVID-19 of about $2.50 per share for 2021.
A federal judge on Thursday declined to certify a class in a lawsuit accusing insurer Cigna Health and Life Insurance Co of scheming with pharmacy benefit managers to overcharge patients for prescription drugs.
U.S. health insurer Cigna Corp on Friday raised its full-year profit and revenue targets after first-quarter profit topped estimates, as it bet on its health services unit that includes its pharmacy benefits management business, to drive growth.
The Delaware Supreme Court on Monday rejected Cigna Corp's bid to obtain a $1.85 billion termination fee from Anthem Inc after the failure of the two insurers' proposed $54 billion merger, spelling the end to the companies' long-drawn legal battle.
Cigna Corp told Delaware's highest court Wednesday that it is entitled to a $1.8 billion fee from Anthem Inc after the failure of the two insurers' proposed $54 billion merger, despite a lower court's finding that Cigna breached the merger agreement.
* 2nd U.S. Circuit Court of Appeals revives insurer Cigna's $17 mln claims against six medical testing companies owned by Rennova Health Inc
Health insurer Cigna Corp on Thursday reported lower-than-expected quarterly profit and said it expects higher medical costs in 2021 from COVID-19 treatment as well as normalizing demand for discretionary healthcare services.
Health insurer Cigna Corp reported a 9% rise in quarterly revenue on Thursday, benefiting from its recently revamped health services unit that mainly houses its pharmacy benefits management business.
Tech giants including Microsoft Corp , Oracle Corp and healthcare companies Cigna Corp and Mayo Clinic are part of a coalition pushing for digital records of people who get vaccinated against COVID-19.
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