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LNC |
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Fitch expects LNC to ultimately issue approximately $1. Factors partially offsetting these positives include challenges that LNC faces with respect to strong competition in the life insurance and asset accumulation sectors (particularly in the affluent market segment that LNC has targeted), the degree to which the company's earnings are leveraged to the equity markets, and integration challenges related to the company's acquisition of Jefferson Pilot. At that time, Fitch issued a Rating Action Commentary affirming all ratings of LNC and placing all ratings of Jefferson Pilot Corporation on Rating Watch Negative. |
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