COVID Stimulus Watch Individual Entry
Recipient Company:
Cigna Corp
Loan or Loan Guarantee Amount:
$2,095,291
Recipient Details
Ownership Structure: publicly traded (ticker symbol CI)
Award Details
Award Date: Sep 8, 2020
Award Type: loan
Award Details: Amount represents the purchase price of company bonds bought by the Fed.
Program Name: Secondary Market Corporate Credit Facility
Legislation: CARES
Awarding Agency: Federal Reserve
Data Source for Award:
https://www.federalreserve.gov/publications/reports-to-congress-in-respo...
Parent Company Data
Parent Company: Cigna
Headquartered in: Connecticut
Parent Sector: healthcare services
Parent Industry: insurance; managed care
Employees (prior to pandemic): 73,700
Accountability Issues Since 2010
Employment-related Penalties: $44,162,856
Government-contracting-related Penalties: $8,403,500
Environmental / Healthcare / Safety Penalties: $3,752,003
Consumer Protection / Financial / Competition-related Penalties: $75,841,938
Ratio of CEO Pay to that of Median Worker: 307 to 1
CEO Compensation: $19,303,032
Worker Median Pay: $62,946
Total Federal, State, and Local Subsidies: $162,092,842
Federal Corporate Income Tax Rate: 26.8%
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