posted third-quarter earnings that topped analysts' estimates by 9 cents, citing the strong performance of its annuities and life insurance businesses.
Excluding a restructuring charge, the Philadelphia-based insurer reported income from operations of $190.7 million, or 98 cents a share, up from $131.4 million, or 66 cents a share, last year. Wall Street was expecting the company to earn 89 cents a share for the third quarter, according to a survey of 16 analysts by
First Call/Thomson Financial
Quarterly revenue rose to $1.72 billion from $1.64 billion a year ago.
Shares of Lincoln National were recently up $1.75, or 4%, to $46 on the
New York Stock Exchange