Disability sales rise at Lincoln, fall at Hartford
By National Underwriter
By Allison Bell
Hartford Financial Group (NYSE:HIG) and Lincoln National Corp. (NYSE:LNC) reported much different group disability sales results this week.
Lincoln -- which reported only group disability sales and the group disability loss ratio -- said its group disability sales rose to $41 million in the third quarter, up from $34 million in the third quarter of 2011. Group disability sales rose 21 percent as group life sales were rising 32 percent
The company's group disability loss ratio rose to 76.3 percent, from 70.4 percent.
Hartford, which released more group disability data, is reporting $25 million in new group disability sales on $411 million in group disability revenue, compared with $36 million in new sales on $452 million in revenue for the third quarter of 2011.
Group disability sales fell 31 percent as group life sales fell 55 percent.
Hartford's group disability loss ratio fell to 79.3 percent, from 80.1 percent.
Originally published on LifeHealthPro.com