| Business Summary | | CIGNA
Corporation
is
an
investor-owned
employee
benefits
organization
in
the
United
States.
CIGNA
is
a
holding
company
and
its
subsidiaries
are
major
providers
of
employee
benefits
offered
through
the
workplace,
including
healthcare
products
and
services,
group
life,
accident
and
disability
insurance,
retirement
products
and
services
and
investment
management.
CIGNA's
major
insurance
subsidiary
is
Connecticut
General
Life
Insurance
Company.
The
Company's
principal
business
segments
are
Employee
Health
Care,
Life
and
Disability
Benefits,
Employee
Retirement
Benefits
and
Investment
Services
and
International
Life,
Health
and
Employee
Benefits. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | CIGNA
Corporation
provides
insurance
and
related
financial
services
including
life/health,
managed
care,
annuity,
retirement
and
investment
products.
For
the
six
months
ended
6/30/01,
total
revenues
decreased
5%
to
$9.40
billion.
Net
income
increased
22%
to
$528
million.
Revenues
reflect
a
decrease
in
premiums
and
fees
and
a
loss
on
investments
vs.
a
gain.
Net
income
reflects
a
decrease
in
benefits,
losses
and
settlement
expenses. | More
from
Market Guide: Significant
Developments |
| | | | FY2000
Compensation | | Pay | Exer | |
| H. Edward Hanway, 49 Chairman,
Pres, CEO | $5.4M | $4.1M | James Stewart, 58 CFO,
Exec. VP | 1.6M | 3.4M | Michael Bell, 37 Pres,
CIGNA Group Insurance | -- | -- | Thomas Jones, 54 Pres,
CIGNA Retirement & Investment Services | 1.6M | 4.5M | Terry Kendall, 54 Pres
of CIGNA International Employee Benefits & Life Insurance | -- | -- | Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|