CIGNA

Encyclopedia : C : CI : CIG : CIGNA

CIGNA (NYSE: [CI]) is a Philadelphia-based insurance company, the oldest stock insurance company in the United States.

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CIGNA can trace its roots back to 1792, and the founding of the Insurance Company of North America (INA), the country's first marine insurer. Its first life insurance policy was issued two years later. In 1865, the Connecticut General Life Insurance Company (CG) was formed in Hartford. Nearly 120 years later, in 1982, CG and INA merged to form CIGNA. In 1998, CIGNA sold its individual life insurance business to Lincoln National Corporation, and the next year it sold its property and casualty insurance business to the ACE Limited, for $3.5B cash. In 2000, it sold its reinsurance business to Swiss Re. In 2004, it sold its pension business to Prudential Financial.

Connecticut General was a major funder of the planned city of Columbia, Maryland.

Competitors

Aetna Inc. (AET)
UnitedHealth Group Incorporated (UNH)
WellPoint, Inc. (WLP)

External links

[CIGNA]

Data

Philadelphia-based Corporations (Within the Delaware Valley)
Philadelphia-based Fortune 500 Corporations (by size): Sunoco \| Comcast \| CIGNA \| Aramark \| Rohm and Haas Company \| Crown Holdings Incorporated \| Lincoln National Corporation
Philadelphia-based Fortune 1000 Corporations (by size): Companies listed above, plus Sovereign Bancorp \| Pep Boys \| FMC Corporation
Delaware Valley-based Fortune 1000 Corporations (by size): Companies listed above, plus AmerisourceBergen \| DuPont Company \| Campbell Soup \| Toll Brothers \| Unisys \| Jones Apparel Group \| UGI Corporation \| Ikon Office Solutions \| Universal Health Services \| SunGard Data Systems \| Charming Shoppes \| Teleflex \| Airgas \| Vishay Intertechnology \| Commerce Bancorp \| Hercules Inc. \| Genesis HealthCare \| Ametek
Philadelphia-based and Delaware Valley-based non-public or externally owned corporations (alphabetical): Forman Mills \| GlaxoSmithKline

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