Cigna 2009 Annual Report Download - page 21

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PART I
Item 1. BUSINESS
A. Description of Business
CIGNA Corporation and its subsidiaries constitute one of the largest investor-owned health service organizations in the United
States. Its subsidiaries are major providers of health care and related benefits, the majority of which are offered through the
workplace, including: health care products and services; group disability, life and accident insurance; and workers’ compensation
case management and related services. In addition, the Company has an international operation that offers life, accident and
supplemental health insurance products as well as international health care products and services to businesses and individuals in
selected markets. The Company also has certain inactive businesses, including a run-off reinsurance operation. CIGNA Corporation
had consolidated shareholders’ equity of $5.4 billion and assets of $43.0 billion as of December 31, 2009, and revenues of $18.4
billion for the year then ended. CIGNA’s major insurance subsidiary, Connecticut General Life Insurance Company (“CGLIC”),
traces its origins to 1865. CIGNA Corporation was incorporated in the State of Delaware in 1981.
As used in this document, “CIGNA” and the “Company” may refer to CIGNA Corporation itself, one or more of its subsidiaries,
or CIGNA Corporation and its consolidated subsidiaries. CIGNA Corporation is a holding company and is not an insurance company.
Its subsidiaries conduct various businesses, which are described in this Annual Report on Form 10-K for the fiscal year ended
December 31, 2009 (“Form 10-K”).
CIGNA’s revenues are derived principally from premiums, fees, mail order pharmacy, other revenues and investment income.
The financial results of CIGNA’s businesses are reported in the following segments:
x Health Care;
x Disability and Life;
x International;
x Run-off Reinsurance; and
x Other Operations, including Corporate-owned Life Insurance.
Available Information
CIGNA's annual, quarterly and current reports, proxy statements and other filings, and any amendments to these filings, are made
available free of charge on its website (http://www.cigna.com, under the "Investors—SEC Filings" captions) as soon as reasonably
practicable after the Company electronically files these materials with, or furnish them to, the Securities and Exchange Commission
(the “SEC”). The Company uses its website as a channel of distribution for material company information. Important information,
including news releases, analyst presentations and financial information regarding CIGNA is routinely posted on and accessible at
www.cigna.com. See “Code of Ethics and Other Corporate Governance Disclosures” in Part III, Item 10 beginning on page 171 of
this Form 10-K for additional available information.
B. Financial Information about Business Segments
The financial information included herein is in conformity with accounting principles generally accepted in the United States of
America (“GAAP”), unless otherwise indicated. Certain reclassifications have been made to prior years’ financial information to
conform to the 2009 presentation. Industry rankings and percentages set forth herein are for the year ended December 31, 2009,
unless otherwise indicated. Unless otherwise noted, statements set forth in this document concerning CIGNA’s rank or position in an
industry or particular line of business have been developed internally, based on publicly available information.
Financial data for each of CIGNA’s business segments is set forth in Note 22 to the Consolidated Financial Statements beginning
on page 160 of this Form 10-K.