NU Online News Service, Aug. 7, 2003, 5:23 p.m. EDT – Lincoln National Corp., Philadelphia, is reporting $143 million in net income for the second quarter on $1.2 billion in revenue, up from $49 million in net income on $1.2 billion in revenue for the second quarter of 2002.
Gross deposits into fixed annuities fell to $356 million, from $430 million, and gross deposits into variable annuities fell to $1 billion, from $1.2 billion.
Deposits into fixed portions of variable contracts amounted to 42% of variable annuity deposits, up from 35% in the second quarter of 2002.