-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, OvExyKmFz9d6+r+v6RHG3ruLmmTZvLyB5/Tt8U1IB/ynDXuB8d8moEN1Sg+ookz+ uDQRhKs4NL2Yx72DGXbglg== 0000950159-04-000685.txt : 20040727 0000950159-04-000685.hdr.sgml : 20040727 20040722185325 ACCESSION NUMBER: 0000950159-04-000685 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20040722 ITEM INFORMATION: Other events FILED AS OF DATE: 20040723 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CIGNA CORP CENTRAL INDEX KEY: 0000701221 STANDARD INDUSTRIAL CLASSIFICATION: HOSPITAL & MEDICAL SERVICE PLANS [6324] IRS NUMBER: 061059331 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-08323 FILM NUMBER: 04927349 BUSINESS ADDRESS: STREET 1: ONE LIBERTY PLACE STREET 2: 1650 MARKET STREET CITY: PHILADELPHIA STATE: PA ZIP: 19192-1550 BUSINESS PHONE: 2157611000 MAIL ADDRESS: STREET 1: TWO LIBERTY PLACE 48TH FLOOR CITY: PHILADELPHIA STATE: PA ZIP: 19192 8-K 1 cigna8k.htm CIGNA CORPORATION FORM 8-K


SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934

Date of Report (Date of earliest event reported) July 22, 2004

CIGNA Corporation
(Exact name of registrant as specified in its charter)

Delaware 1-8323 06-1059331
(State or other jurisdiction
of incorporation)
(Commission
File Number)
(IRS Employer
Identification No.)

One Liberty Place, 1650 Market Street
Philadelphia, Pennsylvania 19192
(Address of principal executive offices) (Zip Code)

Registrant's telephone number, including area code:

(215) 761-1000

          Not Applicable           
(Former name or former address, if changed since last report)


Item 5.  

Other Events.


        On July 22, 2004, CIGNA issued a news release announcing upcoming changes in its segment reporting. The news release is attached hereto as Exhibit 99.1 and incorporated by reference herein.


        Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

     
CIGNA CORPORATION
     
     
     
Date: July 22, 2004 By: /s/ Michael W. Bell

Michael W. Bell
Executive Vice President and
Chief Financial Officer






Index to Exhibits

Number Description Method of Filing
     
99.1 CIGNA Corporation
news release dated
July 22, 2004.
Filed herewith.
     
EX-99 2 ex99-1.htm EXHIBIT 99.1 Exhibit 99.1
Exhibit 99.1
NEWS RELEASE [CIGNA Logo]

One Liberty Place
1650 Market Street
P.O. Box 7716
Philadelphia, PA 19192-1550
215.761.1000


For Release: Immediate
 
Contact: Gregory Deavens, Investor Relations - (215) 761-6128
Wendell Porter, Media Relations - (215) 761-4450

CIGNA Corporation to Change Segment Reporting When It Releases Second Quarter 2004 Financial Results

PHILADELPHIA, July 22, 2004 — CIGNA Corporation (NYSE: CI) will revise its segment reporting when it releases second quarter 2004 financial results on Wednesday, August 4, 2004. The changes are associated with the completion of the sale of CIGNA’s retirement benefits business and the realignment of management responsibility for operations that provide case management and related services to workers compensation insurers and employers who self-fund workers compensation and disability benefits.

The realignment of management responsibility connects the workers compensation and disability case management and return-to-work expertise of Intracorp, CIGNA’s case management operation, with the disability service capabilities of CIGNA’s Group Insurance operations. The realignment allows CIGNA to help its customers manage total loss costs associated with short- and long-term disabilities by meeting market demand for total workforce health and productivity solutions. Intracorp’s medical and disease management capabilities will continue to be managed and reported in CIGNA’s Health Care segment.

The results from the retirement benefits business that was sold, including the amortization of a portion of the gain on sale, will now be reported in the Runoff Retirement segment. The corporate life insurance business, previously reported in the Retirement segment will now be reported in the Other Operations segment. In addition, beginning in the second quarter of 2004, corporate overhead previously allocated to the sold retirement benefits business will be reported in Corporate. Results from disability and workers compensation case management and related services were previously reported in the Health Care segment and will now be reported in the Disability and Life segment.

Proforma historical financial segment results, reflecting these changes, are available in the Investor Relations section of CIGNA's website (http://www.cigna.com) under the heading Most Recent Disclosures.

Management will review second quarter 2004 results and 2004 outlook on a conference call beginning at 8:30 a.m. EDT on August 4, 2004. The call-in numbers for the conference call are as follows:

                Live Call
                1-800-818-5264 (Domestic)
                1-913-981-4910 (International)

                Replay
                1-888-203-1112 (Domestic Replay)
                1-719-457-0820 (International Replay)
                Pass code # 214002


Conference call participants are strongly encouraged to dial in by 8:15 a.m. EDT on August 4th. The operator will periodically provide instructions regarding the call. A replay of the call will be available from 11:30 a.m. EDT on Wednesday, August 4th until 11:59 p.m. EDT on Wednesday, August 18th.

Additionally, the quarterly conference call will be available on a live webcast through http://www.fulldisclosure.com. Please note that this feature will be in listen-only mode. Participants may also access the webcast online at http://www.cigna.com in the Investor Relations, Event Calendar section.

A copy of the company’s news release and statistical supplement will be available online at http://www.cigna.com under the Investor Relations, Most Recent Disclosures section, by 5:00 a.m. EDT on August 4th.

To ensure fair dissemination of information, no inquiries regarding CIGNA’s results should be made to the Investor Relations Department until after the conference call on August 4th.

CIGNA Corporation and its subsidiaries constitute one of the largest investor-owned employee benefits organizations in the United States. Its subsidiaries are major providers of employee benefits offered through the workplace, including health care products and services, group life, accident and disability insurance. As of March 31, 2004, CIGNA Corp. and its subsidiaries had shareholders’ equity of $4.6 billion. Full-year 2003 revenues totaled $18.8 billion. Web site: http://www.cigna.com.

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