Business Services Industry
Quarterly Income Up at Indiana's Lincoln National Corp.(Originated from The News Sentinel, Fort Wayne, Ind.)
Knight Ridder/Tribune Business News, July, 1996 by LeDuc, Doug
FORT WAYNE, Ind.--Jul. 24--Strong performance by its property-casualty business contributed to a 20 percent second-quarter gain in income from operations for Lincoln National Corp.
The Fort Wayne-based insurance and financial services company reported second-quarter income from operations of $94.6 million, or $0.90 per share, compared with $78.5 million, or $0.75 per share, for the same period last year.
Lincoln's second-quarter earnings fell 5 percent to $111.4 million or $1.07 per share, compared with $117.9 million, or $1.13 per share, for the second quarter of 1995. Second-quarter revenues were unchanged at $1.6 billion.
Heavy storm losses for American States, LNC's property-casualty affiliate, dampened earnings significantly. However, a...
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