Lincoln Financial Group has reported a net loss of $514m, or $1.73 diluted loss per share, for the fourth quarter of 2011, compared to a net income of $196m, or $0.60 diluted earnings per share for the same period in 2010.
The total revenues for the fourth quarter 2011 were $2.57bn, compared to $2.66bn for the same period a year ago.
Income from operations increased to $303m, or $1 diluted income per share, compared to $266m, or $0.82 diluted income per share, for the same period in the prior year.
The individual annuities segment reported income from operations of $134m, compared to $123m for the same period in the previous year.
Life Insurance income from operations declined to $154m, compared to $166m for the same period in 2010.
Lincoln president & CEO Dennis Glass said that the operating results for 2011 reflect continued strength in flows and deposits across our businesses, ongoing product repricing to achieve targeted returns, and significant capital management activities.