NU Online News Service, Oct. 29, 2003, 6:10 p.m. EST – Lincoln National Corp., Philadelphia, says the rebound in investment markets helped it increase its third quarter net income by $269 million.
The company is reporting $133 million in net income for the latest quarter on $1.3 billion in revenue, compared with a net loss of $136 million on $1.2 billion in revenue for the third quarter of 2002.
Every unit did better, and first-year life sales increased 20%, to $208 million, thanks to strong sales of term life and universal life insurance, Lincoln says.
