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Cigna bets on seniors, employers for future without Anthem

Cigna CEO David Cordani laid out his plan to reach ambitious earnings goals after the implosion of the health insurers mega-merger with Anthem.

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What's next for Cigna after its merger with Anthem imploded? (Photo: iStock)

Cigna Corp. Chief Executive Officer David Cordani laid out his plan to reach ambitious earnings goals after the implosion of the health insurer’s mega-merger with Anthem Inc.: increasing sales to seniors and to mid-sized employers.

The strategy means largely sticking with what Cigna knows best, which Cordani says will fuel rapid growth in per-share earnings, with a target of $16 a share by 2021, up from an estimated $9.35 to $9.85 this year. Deals — the company has as much as $14 billion to spend this year — could help accelerate the expansion, the CEO said, but he’s not counting on them.

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