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Cigna Corp (CI.N)

CI.N on New York Stock Exchange

193.81USD
16 Feb 2018
Change (% chg)

$1.87 (+0.97%)
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Latest Key Developments (Source: Significant Developments)

Catasys Says Entered Agreement With Cigna For Catasys' Ontrak Solution For Members With Anxiety, Depression Or Substance Use Disorders
Tuesday, 16 Jan 2018 

Jan 16 (Reuters) - Catasys Inc ::CATASYS - ENTERED AGREEMENT WITH CIGNA FOR CATASYS' ONTRAK SOLUTION FOR CERTAIN MEMBERS WITH ANXIETY, DEPRESSION OR SUBSTANCE USE DISORDERS.CATASYS - FIRST MARKET IS EXPECTED TO LAUNCH IN Q1 2018.  Full Article

Cigna Says Reaffirms Projected FY2017 Consolidated Adjusted Income From Operations, Which Remains In Range Of $2.60 Bln To $2.65 Bln
Tuesday, 9 Jan 2018 

Jan 9 (Reuters) - Cigna Corp ::CIGNA SAYS REAFFIRMS PROJECTED FY 2017 CONSOLIDATED ADJUSTED INCOME FROM OPERATIONS, WHICH REMAINS IN RANGE OF $2.60 BILLION TO $2.65 BILLION.- SHAREHOLDERS' NET INCOME FOR FULL YEAR 2017 IS PROJECTED TO BE IN RANGE OF $2.115 BILLION TO $2.165 BILLION.CIGNA SAYS ESTIMATED FY 2017 RESULTS INCLUDES ESTIMATED IMPACT FROM U.S. TAX REFORM LEGISLATION OF $260 MILLION - SEC FILING.FY2017 EARNINGS PER SHARE VIEW $10.36 -- THOMSON REUTERS I/B/E/S.  Full Article

Cigna Entered Into Fifth Amended And Restated Revolving Credit Agreement With Lenders
Saturday, 23 Dec 2017 

Dec 22 (Reuters) - Cigna Corp ::CIGNA CORP - ENTERED INTO FIFTH AMENDED AND RESTATED REVOLVING CREDIT AND LETTER OF CREDIT AGREEMENT WITH LENDERS.CIGNA CORP - CREDIT AGREEMENT REPLACES CO'S FOURTH AMENDED AND RESTATED REVOLVING CREDIT AND LETTER OF CREDIT AGREEMENT, DATED DEC 12, 2014.CIGNA CORP - UNDER CREDIT AGREEMENT, CO CAN BORROW UP TO AN AGGREGATE PRINCIPAL AMOUNT OF $1.5 BILLION FOR GENERAL CORPORATE PURPOSES.CIGNA SAYS CREDIT AGREEMENT ALSO INCLUDES AN OPTION TO INCREASE FACILITY AMOUNT UP TO $2.0 BILLION - SEC FILING.  Full Article

Cigna Acquires Brighter
Friday, 15 Dec 2017 

Dec 14 (Reuters) - Cigna Corp ::CIGNA ACQUIRES BRIGHTER, A LEADER IN DIGITAL ENGAGEMENT OF HEALTH CARE CONSUMERS.  Full Article

Cigna Says Co Officials Expect To Reaffirm Projected FY 2017 Consolidated Adjusted Income From Operations
Wednesday, 29 Nov 2017 

Nov 29 (Reuters) - Cigna Corp ::CIGNA - DURING INVESTORS MEETINGS, CO OFFICIALS EXPECT TO REAFFIRM PROJECTED FY 2017 CONSOLIDATED ADJUSTED INCOME FROM OPERATIONS - SEC FILING.  Full Article

Cigna reports Q3 earnings of $2.21/shr
Thursday, 2 Nov 2017 

Nov 2 (Reuters) - Cigna Corp :Cigna reports strong third quarter 2017 results, raises outlook.Q3 earnings per share $2.21.Q3 earnings per share view $2.36 -- Thomson Reuters I/B/E/S.Q3 revenue $10.4 billion versus I/B/E/S view $10.18 billion.Q3 adjusted operating earnings per share $2.83.Sees FY 2017 adjusted operating earnings per share $10.20 to $10.40.Cigna Corp sees ‍ 2017 full year total commercial medical care ratio 80 percent to 81 percent​.Cigna corp sees ‍ 2017 total revenue growth of approximately 4 percent​.Cigna corp sees 2017 total government medical care ratio ‍​ 84.5 percent to 85.5 percent.FY 2017 earnings per share view $10.03, revenue view $41.06 billion -- Thomson Reuters I/B/E/S.Cigna Corp - ‍Q3 shareholders' net income included special item charges of $215 million after-tax, or $0.85 per share​.Cigna Corp - ‍global health care net medical costs payable was approximately $2.52 billion at September 30, 2017 and $2.26 billion at December 31, 2016​.Cigna - ‍charges of $215 million after-tax, or $0.85 per share in quarter predominantly associated with early extinguishment of debt​.FY 2017 earnings per share view $10.03, revenue view $41.06 billion -- Thomson Reuters I/B/E/S.Cigna Corp sees ‍2017 full year global health care operating expense ratio approximately 21 percent​.  Full Article

Cigna announces tender offers for up to $1 bln in aggregate principal amount of certain series of its outstanding senior notes
Tuesday, 5 Sep 2017 

Sept 5 (Reuters) - Cigna Corp ::Cigna announces tender offers for up to $1 billion in aggregate principal amount of certain series of its outstanding senior notes.Cigna Corp - ‍tender offers will expire at 11:59 p.m., New York City time, on October 2, 2017​.Cigna Corp- commenced an offer to purchase for cash up to aggregate maximum principal amount of its outstanding 8.300% notes due 2023.Cigna Corp- also commenced an offer to purchase 7.650% notes due 2023, 7.875% debentures due 2027, 8.300% step down notes due 2033.Cigna Corp- also commenced an offer to purchase 6.150% notes due 2036, 5.875% notes due 2041 and 5.375% notes due 2042.  Full Article

Cigna Corp Q2 adjusted operating earnings per share $2.91
Friday, 4 Aug 2017 

Aug 4 (Reuters) - Cigna Corp :Cigna reports strong second quarter 2017 results, raises outlook.Q2 adjusted operating earnings per share $2.91.Q2 revenue $10.3 billion versus I/B/E/S view $10.27 billion.Q2 earnings per share view $2.48 -- Thomson Reuters I/B/E/S.Q2 earnings per share $3.15.Sees FY 2017 adjusted operating earnings per share $9.75 to $10.05.Cigna Corp sees ‍2017 total revenue growth 3% to 4%​.Cigna Corp - sees 2017 total government medical care ratio ‍84.5% to 85.5%​.Cigna Corp sees FY total commercial medical care ratio ‍80.5% to 81.5%​.Cigna Corp - sees 2017 global health care operating expense ratio ‍20.5% to 21.5%​.Cigna Corp qtrly global health care net medical costs payable was approximately $2.59 billion at June 30, 2017 and $2.26 billion at December 31, 2016‍​.Cigna Corp sees 2017 ‍global medical customer growth between 500,000 to 600,000 customers​.Cigna Corp - ‍Q2 2017 shareholders' net income included a special item benefit of $47 million after-tax, or $0.18 per share​.Cigna Corp - ‍Q2 2017 shareholders' net income included a special item associated with terminated merger agreement with Anthem​.FY2017 earnings per share view $9.79, revenue view $41.10 billion -- Thomson Reuters I/B/E/S.  Full Article

Cigna says CMS lifts marketing and enrollment sanctions imposed in Jan
Friday, 16 Jun 2017 

June 16 (Reuters) - Cigna Corp :Cigna Corp says it received notification from the Centers for Medicare & Medicaid Services that marketing and enrollment sanctions imposed by CMS on Jan 21, have been lifted.Cigna Corp - Effective immediately, co may resume marketing of its Medicare Advantage-prescription drug and Medicare Part D plans ‍​.Cigna - Based on final Medicare star ratings for 2018 payment year, expect about 60% of Medicare Advantage customers will be in 4 star or greater plan.Cigna Corp says co may begin enrolling beneficiaries for its plans with effective dates beginning July 1, 2017‍​ - SEC filing.  Full Article

Cigna CEO David Cordani's FY 2016 total compensation $15.3 mln vs $17.3 mln in FY 2015
Saturday, 18 Mar 2017 

Cigna Corp : Ceo david cordani's fy 2016 total compensation $15.3 million versus $17.3 million in fy 2015 - sec filing .Cfo thomas mccarthy's fy 2016 total compensation $4.2 million versus $4.4 million in fy 2015.  Full Article

UPDATE 3-Cigna says corporate medical costs still rising too much

Feb 1 U.S. health insurer Cigna Corp on Thursday weighed in on the debate on soaring U.S. healthcare prices, saying it had cut the medical cost growth rate for its corporate customers in 2017 to half that of rivals, but the pace was still unsustainable.