{"id":26873,"date":"2012-05-11T12:26:00","date_gmt":"2012-05-11T12:26:00","guid":{"rendered":"https:\/\/www2.thestockmarketwatch.com\/stock-market-news\/cigna-corporation-ci-to-acquire-great-american-supplemental-benefits-group\/26873\/"},"modified":"2012-05-11T12:26:00","modified_gmt":"2012-05-11T12:26:00","slug":"cigna-corporation-ci-to-acquire-great-american-supplemental-benefits-group","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/cigna-corporation-ci-to-acquire-great-american-supplemental-benefits-group\/26873\/","title":{"rendered":"Cigna Corporation &#8211; CI &#8211;  To acquire Great American\u00ae Supplemental Benefits Group"},"content":{"rendered":"<p><script type=\"text\/javascript\"><!--\ngoogle_ad_client = \"ca-pub-1408583772585547\";\n\/* SMW - News Links *\/\ngoogle_ad_slot = \"3490797620\";\ngoogle_ad_width = 468;\ngoogle_ad_height = 15;\n\/\/-->\n<\/script><br \/>\n<script type=\"text\/javascript\" src=\"http:\/\/pagead2.googlesyndication.com\/pagead\/show_ads.js\">\n<\/script><\/p>\n<p><!--Ad Injection mfunc mode ad include code--><!--mfunc include_once('\/mnt\/Target01\/327806\/www.thestockmarketwatch.com\/web\/content\/stock-market-news\/wp-content\/plugins\/ad-injection\/adshow.php') --><!--\/mfunc--><\/p>\n<p><strong><a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/wp-content\/uploads\/2012\/05\/CIGNA.png\"><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-full wp-image-26887\" title=\"CIGNA\" src=\"https:\/\/storage.googleapis.com\/smw-news-wp\/2012\/05\/CIGNA.png\" alt=\"\" width=\"181\" height=\"71\"><\/a>Cigna Corporation (<a href=\"https:\/\/thestockmarketwatch.com\/stock.aspx?stock=CI\">NYSE: CI<\/a>)<\/strong> and American Financial Group (AFG) today announced that they have signed a definitive agreement whereby Cigna will acquire Great American<sup>\u00ae<\/sup> Supplemental Benefits Group, one of the largest manufacturers, distributors, and marketers of supplemental health insurance products in the United States. The transaction is expected to close during the second half of 2012 following customary regulatory approval.<\/p>\n<ul>\n<li>Cigna Adds Industry Leading Supplemental Benefits Solutions Provider to Its Existing Individual and Senior Businesses<\/li>\n<li>Scalable Product Portfolio and Platform Highly Aligned with Expanded Consumer Strategy in a High Growth Segment<\/li>\n<li>U.S. Supplemental Market A Natural Extension of Cigna&#8217;s Global Health Life &amp; Accident Business<\/li>\n<\/ul>\n<p>\u201cGreat American Supplemental Benefits is an ideal strategic fit with Cigna&#8217;s growth plans to expand our presence in the U.S. Individual and Seniors segments through a broad range of supplemental health solutions,\u201d said Thomas Richards, President, Cigna Individual and Family Plans.<\/p>\n<p>The combination provides CI with several significant opportunities for additional growth:<\/p>\n<p><!--Ad Injection mfunc mode ad code--><!--mfunc adshow_display_ad_file_v2(array('ad_random_1.txt'), array(100), array('align' => 'float right', 'clear' => '', 'margin_top' => '', 'margin_bottom' => '', 'padding_top' => '', 'padding_bottom' => ''), array(), array()) --><\/p>\n<div style=\"float:right;margin-left:5px;\"><script type=\"text\/javascript\"><!--\ngoogle_ad_client = \"ca-pub-1408583772585547\";\n\/* SMW - in News 300 *\/\ngoogle_ad_slot = \"5684630733\";\ngoogle_ad_width = 300;\ngoogle_ad_height = 250;\n\/\/-->\n<\/script><br \/>\n<script type=\"text\/javascript\" src=\"http:\/\/pagead2.googlesyndication.com\/pagead\/show_ads.js\">\n<\/script><\/div>\n<p><!--\/mfunc--><\/p>\n<ul>\n<li>Expand individual supplemental benefits offerings to Cigna customers in the United States;<\/li>\n<li>Bring a scaled offering to the highly-attractive Seniors segment, with strong capabilities in Medicare Supplement and Other Supplemental Benefits;<\/li>\n<li>Extend Cigna&#8217;s global direct-to-consumer retail channel; and<\/li>\n<li>Further enhance Cigna&#8217;s diverse distribution network of agents and brokers.<\/li>\n<\/ul>\n<p>\u201cWe are excited to have Great American\u2019s talented team, led by their President, Brad Wolfram, join the Cigna organization,\u201d continued Richards. \u201cTheir product portfolio and distribution channels combined with Cigna&#8217;s next generation retail capabilities will further enhance our U.S. and international consumer services. We will work to create substantial value for our customers, shareholders, employees, and other key stakeholders as we extend our health solutions and services across the individual and senior segments.\u201d<\/p>\n<p><strong>About Cigna &#8211; CI<\/strong><\/p>\n<p>Cigna Corporation (CI) is a global health service company dedicated to helping people improve their health, well-being and sense of security. All products and services are provided exclusively through operating subsidiaries of Cigna Corporation, including Connecticut General Life Insurance Company, Cigna Health and Life Insurance Company, Life Insurance Company of North America and Cigna Life Insurance Company of New York. Such products and services include an integrated suite of health services, such as medical, dental, behavioral health, pharmacy and vision care benefits, and other related products including group disability, life, and accident coverage. Cigna has sales capability in 30 countries and jurisdictions, with approximately 70 million customer relationships throughout the world.<\/p>\n<p>More Posts by this author<\/p>\n<ul>\n<li><a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/recent-events\/business-news\/jp-morgan-shares-tumble-on-trading-losses-bank-downgraded-a-notch-by-fitch-jpm\/26955\"><br \/>\nJP Morgan Shares Tumble on Trading Losses, Bank Downgraded a Notch By Fitch  (JPM)<\/a><\/li>\n<li><a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/recent-events\/business-news\/gold-prices-end-lower-euro-concerns-weigh\/26954\"><br \/>\nGold Prices End Lower, Euro Concerns Weigh<\/a><\/li>\n<li><a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/market-updates\/stocks-end-on-a-mixed-note-dow-jones-posts-worst-weekly-performance-for-2012\/26951\"><br \/>\nStocks End on a Mixed Note; Dow Jones Posts Worst Weekly Performance for 2012<\/a><\/li>\n<li><a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/market-updates\/stocks-headed-for-a-mixed-finish-13\/26914\"><br \/>\nStocks Headed for a Mixed Finish<\/a><\/li>\n<li><a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/recent-events\/business-news\/gold-prices-hit-four-month-low-silver-prices-down-more-than-1\/26891\"><br \/>\nGold Prices Hit Four Month Low; Silver Prices Down More than 1%<\/a><\/li>\n<li><a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/recent-events\/business-news\/polycom-plcm-to-divest-its-enterprise-wireless-voice-solutions-business\/26872\"><br \/>\nPolycom &#8211; PLCM &#8211; To Divest Its Enterprise Wireless Voice Solutions Business<\/a><\/li>\n<li><a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/market-updates\/u-s-stocks-edge-higher-after-strong-economic-data\/26889\"><br \/>\nU.S. Stocks Edge Higher After Strong Economic Data<\/a><\/li>\n<\/ul>\n<hr>\n<table style=\"border:none;margin:0;\">\n<tr>\n<td style=\"padding:5px;vertical-align:top;\" valign=\"top\">\n<img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www2.thestockmarketwatch.com\/stock-market-news\/wp-content\/uploads\/2024\/08\/5.jpg\" alt=\"edliston\" width=\"125\" height=\"125\" class=\"photo\"><\/td>\n<td style=\"padding:5px;vertical-align:top;\" valign=\"top\">\n<div style=\"font-size:11pt;\"><b>Post Written By: Ed Liston <\/b><\/div>\n<div style=\"font-size:10pt;\">\n<p>Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing in his yacht.\n<\/p><\/div>\n<\/td>\n<\/tr>\n<\/table>\n<p><script type=\"text\/javascript\"><!--\ngoogle_ad_client = \"pub-1408583772585547\";\n\/* 336x280, created 7\/9\/11 *\/\ngoogle_ad_slot = \"3552319058\";\ngoogle_ad_width = 336;\ngoogle_ad_height = 280;\n\/\/-->\n<\/script><br \/>\n<script type=\"text\/javascript\" src=\"http:\/\/pagead2.googlesyndication.com\/pagead\/show_ads.js\">\n<\/script><\/p>\n<div style=\"margin:5px;margin-bottom:20px;font-size:11pt;\">&laquo; <a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/\">Return to Stock Market News<\/a> &laquo; <\/div>\n","protected":false},"excerpt":{"rendered":"<p>Cigna Corporation (NYSE: CI) and American Financial Group (AFG) today announced that they have signed a definitive agreement whereby Cigna [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":50312,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center 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