Cigna logo on building The group benefits business is part of the company’s group disability and other operations division, which, reported $1.31 billion of adjusted revenue in the quarter ended June 30. (Photo: AP)

In the latest example of big businesses narrowing their product portfolio, Cigna Corp. is rumored to be exploring a potential sale of its group benefits insurance business, worth possibly as much as $6 billion.

The news was first reported by Reuters, citing information from a four unnamed sources familiar with the situation, who added that Cigna’s move indicates its heightened focus on health care after it spent $54 billion last year to acquire pharmacy benefits manager Express Scripts Holding Co.

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Marlene Satter

Marlene Y. Satter has worked in and written about the financial industry for decades.

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