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.