Cigna 2011 Annual Report Download - page 23

1CIGNA CORPORATION2011 Form10K
PARTI
ITEM 1 Business
PARTI
ITEM 1 Business
A. Description of Business
Cigna Corporation, incorporated in the State of Delaware in 1981, is
a holding company and is not an insurance company. Its subsidiaries
conduct various businesses, that are described in this Annual Report on
Form10-K for the scal year ended December31,2011 (“Form10-
K”). 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 is a global health services organization with insurance subsidiaries
that are major providers of medical, dental, disability, life and accident
insurance and related products and services. In the U.S., the majority
of these products and services are oered through employers and other
groups (e.g. unions and associations) and, in selected international
markets, Cigna oers supplemental health, life and accident insurance
products and international health care coverage and services to businesses,
governmental and non-governmental organizations and individuals. In
addition to its ongoing operations described above, the Company also
has certain run-o operations, including a Run-o Reinsurance segment.
Cigna had consolidated shareholders’ equity of $8.3billion and assets
of $51.0billion as of December31,2011, and revenues of $22.0billion
for the year then ended.
Cigna’s revenues are derived principally from premiums, fees, mail
order pharmacy, other revenues and investment income. e nancial
results of Cigna’s businesses are reported in the following segments:
•Health Care;
•Disability and Life;
•International;
•Run-o Reinsurance; and
•Other Operations, including Corporate-owned Life Insurance.
Available Information
Cigna’s annual, quarterly and current reports, proxy statements and other
lings, and any amendments to these lings, are made available free of
charge on its website (http://www.cigna.com, under the “Investors—
Quarterly Reports and SEC Filings” captions) as soon as reasonably
practicable after the Company electronically les these materials with,
or furnishes them to, the Securities and Exchange Commission (the
“SEC”). e Company uses its website as a channel of distribution for
material company information. Important information, including news
releases, analyst presentations and nancial 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11 beginning on page127 of this Form10-K for additional
available information.
B. Financial Information about Business Segments
e nancial information included herein is in conformity with
accounting principles generally accepted in the UnitedStates of
America (“GAAP”), unless otherwise indicated. Certain reclassications
have been made to prior years’ nancial information to conform
to the 2011 presentation. Industry rankings and percentages set
forth herein are for the year ended December31,2011, 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116 of this Form10-K.
Contents
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