What is going on with life insurer Lincoln Financial?

The 16% leap in the number of deaths spread throughout the US population in each of the last three years (more than half a million extra deaths for each of 2020, 2021 and 2022) is the direct result of mass murder. Medical assaults via experimental injections inflicted by politicians and regulators run to tens of millions - a significant number of these assaults have resulted in life altering (severe) and life threatening (serious) conditions that are difficult if not impossible to treat or cure.

You won’t hear the MSM talk about denial of treatment, treatment with Remdesivir, abusive treatment as the elderly, the infirm and the poor were “accused” of being infected with a virus using a flawed Drosten RT-PCR test in 2020.

Nor will you hear the MSM talk about the 700,000 Americans that died following C19 injections over 2021 and 2022.

To do that, there would have to be investigative journalists that could both count and investigate. “Woke” journalism cannot and does not do either. It is beyond their intelligence and competence.

Some part of those 500,000 extra deaths per annum for the last three years should be showing up in Life Insurance industry results.

Some background about the Life Insurance market here:

8 Biggest Life Insurance Companies (investopedia.com)

20 Largest Life Insurance Companies in 2023 - NerdWallet

Many Life Insurance companies are “Mutuals” (not listed on the stock exchange) and have also diversified their “book of business” beyond Life Insurance.

There are several large Life Insurance companies that do have listings.

The share price of three of them have fallen sharply over the last 6 months or so. Metropolitan Life and Prudential Financial by more than 20% since the end of October 2022 – which would count as a “crash” in investment parlance.

To stress this will not only be due to their Life Insurance book of business. They also run many other product lines, some of which will have been hit by the broader fall in share markets and rise in bond yields.

One listed Life Insurance company has suffered a much larger fall in its share price: Lincoln Financial.

Here is a snapshot of the share price of Lincoln Financial, courtesy of Google Finance.

A fall from around 65 bucks a share a year ago to around 21.4 bucks is a drop of almost two thirds in price. LNC is a volatile stock. It bottomed in the midst of the pandemic scare at the end of March 2020 at just 17 bucks but rallied all the way back to 75 bucks by October 2021.

Here is the Google Finance representation of its income and revenue for the last five calendar years.

Here is PRU

And here is Met Life

Big drops in 2022.

It is my past experience that there is usually a lag of two to three years before Life Companies fully attribute losses to current financial years.

I wonder how the combined results for the 8 largest Life Insurance companies that have a 50% market share will look.

Then of course, there is the massive increases in health costs that must either be passed on via increases in premiums/co-pays or incur financial losses.

If I was the Life and Health Insurance companies I would be suing the pants of Pfizer and Moderna!

We shall see.

STOP PRESS:

h/t Jeff

From here:

"The loss was due mainly to a $2.2 billion increase in life insurance reserves, based on data showing that people ages 75 and older are more likely to keep guaranteed universal life insurance policies than the company had expected, and to a $634 million reduction in life insurance unit goodwill, according to the company’s earnings announcement."

Relates to this quarterly loss n 3q2022:

Onwards!

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