Cigna’s second-quarter earnings rose nearly 3 percent, beating estimates as the health insurer had predicted last week when it announced a plan to combine with bigger rival Anthem in a $48-billion deal.
Anthem is buying rival Cigna for $48 billion in a deal that would create the nation’s largest health insurer by enrollment, covering about 53 million U.S patients.
< ^By BRANDON BAILEY = ^Associated Press= SAN FRANCISCO (AP) _ Health insurer Cigna Corp. has rejected a $47 billion offer to be acquired by its larger rival, Anthem Inc., saying the terms of the […]
SAN FRANCISCO (AP) _ Health insurer Cigna has rejected a $47 billion offer to be acquired by its larger rival, Anthem. Cigna’s board says the proposal is inadequate and not in the interests of its […]
NEW YORK (AP) — After getting the cold shoulder, U.S. health insurer Anthem Inc. said it’s raising its offer to buy smaller rival Cigna Corp. for about $47 billion, including cash and stock. Indianapolis-based Anthem […]
Cigna Corp. (CI) on Thursday reported third-quarter earnings of $534 million.
BLOOMFIELD, Conn. (AP) _ Cigna Corp.’s second-quarter net income jumped 33 percent, propelled by its core Global Health Care segment, and the health insurer raised its earnings forecast for 2013. The Bloomfield, Conn., company’s stock […]
Cigna Corp.’s first-quarter earnings plunged 85 percent as the health insurer booked a heavy charge to exit a couple businesses that have dragged down its performance.
Cigna Corp.’s second-quarter earnings slipped 3 percent, as hits from discontinued businesses countered acquisition-fueled revenue gains. The health insurer still raised its forecast for 2012.
Cigna says it’s changing the location of its corporate headquarters from Philadelphia to Connecticut, and the state is providing a $50 million package of tax credits and other incentives in exchange for new jobs it’s adding.