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Lincoln Insurance Reports Operating Earnings

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NU Online News Service, April 5, 3:24 p.m. – Lincoln Insurance Group, Lincoln, Neb., is reporting operating income of $11 million for 2001 on $122 million in premium revenue.

Assets increased 8%, to $1.1 billion, the company says.

Woodmen Accident and Life Company and Lincoln Direct Life Insurance Company, two policyholder-owned mutual insurers, formed Lincoln Insurance through a combination of their holding companies in March 2001.

Lincoln Insurance, which is also a policyholder-owned mutual holding company, follows different financial reporting conventions than publicly traded stock companies follow. Net 2001 earnings figures and comparable figures for 2000 were not available in the company’s latest earnings release.


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