Cigna’s second-quarter revenue buoyed by membership gains

Higher membership and premiums buoyed Cigna Corp.’s revenue in the second-quarter of 2017.Bloomfield, Conn.-based Cigna recorded $10.3 billion in revenue during the three months ending June 30, an increase of 3.6% as the insurer grew membership in its commercial business.”Our strong second quarter results and significant growth across our diversified portfolio of businesses demonstrate the focused execution of our strategy,” Cigna President and CEO David Cordani said in a statement.Premiums were up 4.7% to $8 million in the quarter.While Cigna grew commercial membership by 4% year over year, it lost Medicare Advantage and Medicaid members. Membership from government programs slid by 18% in the second quarter. Cigna’s medical membership totaled 15.7 million, up 3.4% from the same time last