Companies In The News Are: IVZ, STT, TMO, FANG, LNC
Lincoln National (LNC) is poised for growth on the back of an improving economy and solid business fundamentals.
RADNOR, Pa., September 17, 2021--Lincoln Financial Group (NYSE: LNC) today announced it has entered into an agreement with Security Life of Denver Insurance Company, a subsidiary of Resolution Life, to reinsure approximately $9.4 billion of in-force executive benefit and universal life reserves. The transaction will generate approximately $1.2 billion of capital. The proceeds will predominantly be used to fund incremental share repurchases of approximately $900 million that we expect to be compl