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The Cigna-Anthem Merger: Background on Cigna

A Deeper Dive into the Cigna-Anthem Merger

Cigna is a global healthcare company

Anthem (ANTM) is buying Cigna (CI), a global healthcare company that operates in the following three segments:

  • Global Health Care – about 78% of revenues
  • Global Supplemental Benefits – about 8% of revenues
  • Global Disability and Life – about 11% of revenues

Global Health Care

Cigna’s Global Health Care segment consists of commercial and government products. The commercial business includes US commercial and some international healthcare businesses that offer medical, dental, behavioral health, vision, and prescription drug benefit plans, health advocacy programs, and other products and services that may be integrated as part of...