CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
This communication, and oral statements made with respect to information contained in this communication, may contain forward-looking
statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on Cigna’s current
expectations and projections about future trends, events and uncertainties. These statements are not historical facts. Forward-looking statements
may include, among others, statements concerning our projected adjusted income (loss) from operations outlook for 2015, on both a consolidated
and segment basis; projected consolidated revenue growth and global medical customer growth; projected medical care and operating expense
ratios; future financial or operating performance, including our ability to deliver personalized and innovative solutions for our customers and clients
and future growth, business strategy, strategic or operational initiatives; economic, regulatory or competitive environments, particularly with respect
to the pace and extent of change in these areas; financing or capital deployment plans; our prospects for growth in the coming years; statements
regarding the proposed merger between Cigna and Anthem; our beliefs relating to value creation as a result of a potential combination with Anthem;
the expected timetable for completing the transaction; benefits and synergies of the transaction; future opportunities for the combined company; and
any other statements regarding Cigna’s and Anthem’s future beliefs, expectations, plans, intentions, financial condition or performance. You may
identify forward-looking statements by the use of words such as “believe”, “expect”, “plan”, “intend”, “anticipate”, “estimate”, “predict”, “potential”,
“may”, “should”, “will” or other words or expressions of similar meaning, although not all forward-looking statements contain such terms.
Forward-looking statements are subject to risks and uncertainties, both known and unknown, that could cause actual results to differ materially from
those expressed or implied in forward-looking statements. Such risks and uncertainties include, but are not limited to: our ability to achieve our
financial, strategic and operational plans or initiatives; our ability to predict and manage medical costs and price effectively and develop and
maintain good relationships with physicians, hospitals and other health care providers; our ability to identify potential strategic acquisitions or
transactions and realize the expected benefits of such transactions; the substantial level of government regulation over our business and the
potential effects of new laws or regulations, or changes in existing laws or regulations; the outcome of litigation, regulatory audits, investigations and
actions and/or guaranty fund assessments; uncertainties surrounding participation in government-sponsored programs such as Medicare; the
effectiveness and security of our information technology and other business systems; unfavorable industry, economic or political conditions; the
timing and likelihood of completion of the proposed merger, including the timing, receipt and terms and conditions of any required governmental and
regulatory approvals for the proposed merger that could reduce anticipated benefits or cause the parties to abandon the transaction; the possibility
that Cigna shareholders or Anthem shareholders may not approve the proposed merger; the possibility that the expected synergies and value
creation from the proposed merger will not be realized or will not be realized within the expected time period; the risk that the businesses of Cigna
and Anthem will not be integrated successfully; disruption from the proposed merger making it more difficult to maintain business and operational
relationships; the risk that unexpected costs will be incurred; the possibility that the proposed merger does not close, including due to the failure to
satisfy the closing conditions; the risk that financing for the proposed merger may not be available on favorable terms, as well as more specific risks
and uncertainties. Such other risks and uncertainties are discussed in our most recent report on Form 10-K and subsequent reports on Forms 10-Q
and 8-K available on the Investor Relations section of www.cigna.com or by contacting Cigna’s investor relations department at 215-761-4198 as
well as on Anthem’s most recent report on Form 10-K and subsequent reports on Forms 10-Q and 8-K available on the Investor Relations section of
www.antheminc.com or by contacting Anthem’s investor relations department at 317-488-6181. You should not place undue reliance on forward-
looking statements, which speak only as of the date they are made, are not guarantees of future performance or results, and are subject to risks,
uncertainties and assumptions that are difficult to predict or quantify. Cigna undertakes no obligation to update or revise any forward-looking
statement, whether as a result of new information, future events or otherwise, except as may be required by law.