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"The Big Picture" Newsletter
CIGNA Perspective on Stock Market, Financial Service NewsCIGNA remains strong, stable and able to meet our customers’ needs In light of the turmoil in financial markets, I’d like to share with you some perspective on CIGNA's investment approach and the impact of recent developments on our investment portfolios. Overall, CIGNA remains strong, stable and able to meet our customers’ needs. Our approach to the investment strategy for our operating companies is to maintain a high quality, well-diversified portfolio. Our investment portfolio performance continues to be strong competitively. Our credit risk management is solid, and the investment portfolios in our companies do not include material holdings in the financial service companies recently in the news. Additionally, our main underwriting companies, Connecticut General Life Insurance Company (CGLIC) and Life Insurance Company of America (LINA), are both well capitalized and both have strong ratings that reflect our competitive position and earnings profile. We remain confident that our investment and credit risk management – coupled with our business strategy to improve the health, well-being and security of the people we serve – will continue to position us well to serve our customers as a leading health service company. Sincerely, << October 2008 Big Picture newsletter |
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