Lincoln Financial Media Revenues Fall 10.5% In Second Quarter
August 1, 2014 at 4:09 AM (PT)
LINCOLN FINANCIAL MEDIA revenues fell 10.5% to $17 million for second quarter 2014, the company announced as part of parent LINCOLN FINANCIAL GROUP's earnings announcement THURSDAY (7/31).
The parent company's revenues rose from $3 billion to $3.3 billion, with net income up from $317 million to $398 million ($1.15 to $1.48/share).
LINCOLN FINANCIAL GROUP Pres./CEO DENNIS GLASS said, “LINCOLN delivered another strong quarter, achieving record levels of operating revenues, operating earnings and assets under management. The overall strength of our performance reflects the diversity of earnings drivers across our businesses as results in Annuities, Life Insurance and Retirement Plan Services more than offset Group Protection results, which fell short of expectations.”