Lincoln ‘selling on our terms’ as it rebounds from lost quarter
February 13, 2023 by
John Hilton
Lincoln Financial took a few small steps in its turnaround during the fourth quarter, eking out $6 million in net income.
But after taking a $2.6 billion loss in the third quarter, largely due to a $2.2 billion charge against its life insurance reserves, Lincoln execs were upbeat during a Thursday call with Wall Street analysts.
“We took swift action during the fourth quarter to fortify our balance sheet and improve our capital generation as we remain focused on positioning our franchise for profitable, capital-efficient growth by leveraging our differentiated business model, powerful distribution capabilities, and our high-quality investment portfolio,” said Ellen Cooper, president and CEO of Lincoln.
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Originally Posted
at
InsuranceNewsNet on February 10, 2023 by John Hilton.
