Lincoln Financial dips on Q4 loss

Lincoln National

08/02/2024 18:10

** Shares of insurer Lincoln Financial Group  LNC.N  fall
2.81% to $26.32
    ** Co posts Q4 net loss of $1.24 bln vs profit of $812 mln a
year earlier
    ** Q4 results impacted by a $797 net loss due to changes in
market risk benefits driven by lower interest rates and a $613
mln net loss related to Fortitude Re reinsurance transaction
    ** Q4 marked a significant step forward in rebuilding
capital - CEO Ellen Cooper
    ** Stock fell 12.2% in 2023

 (Reporting by Arasu Kannagi Basil in Bengaluru)
 ((ArasuKannagi.Basil@thomsonreuters.com;))