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Lincoln National


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