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Lincoln Sees Gains In UL Sales, VA Deposits

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NU Online News Service, July 29, 2004, 6:13 p.m. EDT

Lincoln National Corp., Philadelphia, benefited from gains in universal life sales and variable annuity deposits in the second quarter.[@@]

The life insurer is reporting $187 million in net income for the latest quarter on $1.4 billion, up from $143 million in net income on $1.2 billion in revenue for the second quarter of 2003.

Universal life sales increased 13%, to $162 million, and new VA increased 95%, to $2 billion.