Lincoln Financial raises $2.1 bln, boosts capital

Lincoln Financial Group (LNC.N) said it has raised $2.1 billion of capital to shore up its finances, after investment losses made it harder for the life insurer to meet its obligations to policyholders... it sold $950 million of preferred shares to the government under the Troubled Asset Relief Program. It also issued $690 million of common stock and $500 million of senior notes...

Reuters: Lincoln Financial raises $2.1 bln, boosts capital