The short ratio for LNC is very high and has gone up far from the peer. Consider PRE instead with diversification. A lot of reserve will come off and shares repurchase. It 's 0.8 book value vs LNC is at 1. GNW is only 0.52 book value, so I'll stick with or switch to GNW. They all benefit from increase interest rate. PRE has a combined ratio of 0.82 on average. Last report was even better combined ratio.