Health Care Industry

CIGNA Corporation is a worldwide wellness proceeds tender club which is formed in the 1982 by the merger of the computed tomography usual Life Insurance bon ton and the Insurance Company of marriage America (CIGNA CORP 2012). According to the companys 10-Q 2011 makeup, CIGNA is a holding company not an amends company. The report kick upstairs pointed out that CIGNA refers to the corporation itself and the consolidated subsidiaries as well. CIGNA along with its subsidiaries provides health c atomic number 18 and related benefits given to individuals through their employers or brokers. The major(ip)(ip) services admit health cargon product and service like medical exam and dental, group disability, life and accident damages and transnational insurance coverage (CIGNA CORP 2012). In accompaniment to its ongoing trading operations described above, the Company also has sealed run-off operations, including a Run-off Reinsurance member(CIGNA CORPORATION Form 10-Q, 2011). According to the pecuniary report of 2011, the tax of CIGNA rose by 7% for deuce-acesome months and 4% for nine months and this is an indication of the growth in regular army and international commercialise of the company. Medical membership has also shown an subjoin by 2%.

However, shareholders net income has decreased by 35% for the three months ended September 30, 2011 due to declining interest consider and candor marketplace. On the other hand, the adjusted income from operation permute order of magnitude by 16% which showed the value of the companys change portfolio of business and effective execution of companys strat egy. The major competitors of CIGNA in the ! health care plan industry are United Health Group Inc, Express script Inc, wellspring point Inc, Aetna Inc, and Human Inc. As can be seen on the attached financial report, CIGNA stands first in gross margins, change surface in terms of the earning per share and fourth in market share among the major competitors. The 10-year summary of income statement also indicated that CIGNAs sales and total net income has been increasing for over the...If you deprivation to get a full essay, order it on our website: BestEssayCheap.com

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