Lincoln National CEO reveals why $2.36 earnings beat masks $1.8B customer exodus
Key Points
- Lincoln National's 26% earnings jump masks a significant cus...
Lincoln National just pulled off the financial equivalent of looking great in a suit while your pants are falling down. The insurance giant delivered a stunning 26% earnings jump to $2.36 per share, crushing analyst expectations by 25.5%. But here's the kicker - customers are fleeing faster than passengers on a delayed flight, taking $1.8 billion with them.
The Great Disappearing Act
While Lincoln's executives were probably high-fiving over those earnings, their customers were busy voting with their wallets. The company watched $1.2 billion walk out the door from their annuities business...
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