Lincoln Natl Swings To 1Q Loss On $600M Annuity Write-Down

Lincoln National Corp. (LNC) swung to a first-quarter loss on a $600 million goodwill write-down tied to its annuity business as revenue also dropped.

Shares rose 6.66% to $12.49 in after-hours trading, even as the insurer posted its second consecutive loss and results missed Wall Street's expectations. The stock price has fallen about 80% since September...

WSJ: Lincoln Natl Swings To 1Q Loss On $600M Annuity Write-Down (Subscription required)