Natalie Waterhouse ’19 pitched Cigna (CI) to the Student Managed Investment Fund (SMIF) on April 9, 2019. Founded in 1982, Cigna’s mission is to improve the health, well-being and peace of mind of those it serves. With 86 billion customers worldwide, Cigna has a very large presence in the US as well as in 30 other countries. The company focuses on both commercial and government medical insurance offerings. Numerous internal opportunities for growth as well as industry trends will allow Cigna to continue to grow its market share. In 2018, Cigna merged with Express Scripts to expand its medical offerings into the Pharmacy Benefit Management (PBM) space. With this merger, the new company expects increased revenue of 171%. With growing customer trends both in the US, as well as abroad, the company foresees the doubling of its earnings per share by 2021. The class voted to buy 100 shares of CI.
