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Lincoln National Corp (LNC) Q2 2021 Earnings Call Transcript fool.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fool.com Daily Mail and Mail on Sunday newspapers.
What You Need to Know
MetLife’s U.S. group life mortality ratio soared.
Horace Mann’s mortality costs rose 45%.
COVID-19 accounted for 13% of K.C. Life’s mortality costs.
The COVID-19 wave that hit in January caused some disability insurance claims and retirement plan contribution weakness at Lincoln Financial, along with a big surge in life insurance claims.
Lincoln Financial executives talked about the impact of the pandemic last week during a conference call with securities analysts.
The company turned in a big year-over-year increase in net earnings, on an increase in revenue. Adjusted for the impact of the pandemic, even the life insurance and group protection businesses did well during the quarter, according to Randy Freitag, the company’s chief financial officer.