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DUFF & PHELPS: LINCOLN NATIONAL LIFE INSURANCE COMPANY CLAIMS PAYING ABILITY RATING REAFFIRMED AT 'AAA'

 CHICAGO, Aug. 23 /PRNewswire/ -- Duff & Phelps Credit Rating Co. has reaffirmed the `AAA' (Triple-A) claims paying ability rating of Lincoln National Life Insurance Company (LNL). The rating is based upon LNL's consistent profitability in all major operating segments, well-managed investment portfolio, and reasonable utilization of operating leverage. The rating also is supported by the financial strength of LNL's parent, Lincoln National Corp., which has a senior debt rating of `AA-' (Double- A-Minus) with Duff & Phelps Credit Rating Co.
 LNL is one of the largest stock life insurance companies in the U.S. with admitted assets of $30.4 billion and adjusted surplus of $1.5 billion at March 31, 1993. The company and its life insurance affiliates have a well-diversified product mix with a significant market position in individual life insurance and annuities, group pension products, life/health reinsurance, and small group employee benefits coverage. Total premium and deposits increased by 12.2 percent in 1992 to $6.0 billion with the majority of business growth occurring in the individual annuity line. LNL's statutory after-tax operating profits increased by 19.0 percent in 1992 to $152.1 million from $127.9 million in 1991.
 /CONTACT: James B. Auden, CFA of Duff & Phelps Credit Rating Co., 312-368-3146/
 (LNC)


CO: Lincoln National Life Insurance Company ST: Indiana IN: INS SU: RTG

WB -- NY046 -- 5063 08/23/93 12:52 EDT
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Publication:PR Newswire
Date:Aug 23, 1993
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