REUTERS: U.S. health insurer Cigna Corp is exploring a sale of its group benefits insurance business, which could be valued at as much as US$6 billion, four people familiar with the matter said on Tuesday.
While stating the company does not comment on rumors and speculation, a Cigna spokesman said:"Given the dynamic marketplace, we continually review opportunities to ensure we continue to deliver value to our customers and clients."Cigna's group benefits business sits within the company's group disability and other operations division. This unit reported US$1.31 billion of adjusted revenue in the three months to June 30, and covered 15.
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