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Lincoln National quarterly earnings up 26%

Lincoln National Corp. today reported second-quarter earnings of $398 million, or $1.48 per diluted common share, a 26 percent increase from the $317 million, or $1.15 a share, posted for the same three months of 2013.

The Radnor, Pennsylvania-based financial services provider was founded in Fort Wayne in 1905 and maintains a significant employee presence here.

Lincoln, which released earnings after markets closed, also reported second-quarter revenue of $3.28 billion, a 9 percent increase from the previous year's quarter ended June 30.

The company's annuities segment reported a 16 percent increase in income from operations, to $227 million. Annuities account balances increased both because of additional deposits and increases in the stock market, officials said. When account balances increase, Lincoln's percentage-based fees also increase.

sslater@jg.net

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