A.M. Best Withdraws Ratings of CIGNA Healthcare of Utah, Inc.

OLDWICK, N.J.--(BUSINESS WIRE)--A.M. Best Co. has withdrawn the financial strength rating (FSR) of A- (Excellent) and issuer credit rating (ICR) of “a-” and assigned an NR-5 (Not Formally Followed) to the FSR and an “nr” to the ICR of CIGNA Healthcare of Utah, Inc. (Salt Lake City, UT). The company is a former subsidiary of CIGNA Corporation [NYSE: CI].

CIGNA Healthcare of Utah, Inc. ceased issuing new policies on June 1, 2009 and withdrew from the Utah health maintenance organization market on December 31, 2009.

The principal methodology used in determining these ratings is Best’s Credit Rating Methodology -- Global Life and Non-Life Insurance Edition, which provides a comprehensive explanation of A.M. Best’s rating process and highlights the different rating criteria employed. Methodologies can be found at www.ambest.com/ratings/methodology.

Founded in 1899, A.M. Best Company is a global full-service credit rating organization dedicated to serving the financial and health care service industries, including insurance companies, banks, hospitals and health care system providers. For more information, visit www.ambest.com.