Inside the Numbers.State Farm and Lincoln Lincoln, city and district, England Lincoln, city (1991 pop. 79,980) and district, Lincolnshire, E England, in the Parts of Kesteven, on the Witham River. National are two insurers from different sectors with different business strategies but similar challenges. Right now, Lincoln National is reaping the rewards of its refocused business plan. State Farm, however, is trying to regain lost market share by cutting auto rates. Both companies are on this year's lists of top property/casualty and life/health insurers by net premiums written. State Farm retained the top spot on the property/casualty list (page 28), and Lincoln National dropped one spot to No.24 on the life/health list (page 32). State Farm and Lincoln National are big players in the industry, and their performance in 2000 was somewhat representative of how their sectors performed. The key difference between these companies is that they appear--on the surface, at least--to be moving in opposite directions. Lincoln National in recent years has remade re·made v. Past tense and past participle of remake. itself into a tightly focused and more profitable business. [See "Life (and Annuities) in the Fast Lane," page 96.] It sold its property/casualty business in 1997 and now focuses on wealth accumulation Accumulation 1) In the context of individual investing, it is the process of contributing cash to invest in securities over a period of time in order to build a portfolio of desired value. Dividends and capital gains are also reinvested during this process. and wealth protection. The company's net premiums written increased $467 million in 2000, or 5.8%. As a group, the life/health insurers last year recorded an 11.1% increase in net premiums written to $558.8 billion. State Farm for years has dominated dom·i·nate v. dom·i·nat·ed, dom·i·nat·ing, dom·i·nates v.tr. 1. To control, govern, or rule by superior authority or power: the property/casualty industry, but lately has been losing ground. (See "State Farm: Behind the Veil," page 63.) The company had almost $12 billion more in net premiums written last year than its nearest competitor, Allstate This article is about the American insurance company. For the line of automobiles, see Allstate (automobile). The Allstate Corporation NYSE: ALL is the largest publicly held personal lines insurer in the United States. Insurance Group. But State Farm's net premiums written were down 2.7% in 2000 and 1.6% in 1999, while most of its competitors COMPETITORS, French law. Persons who compete or aspire to the same office, rank or employment. As an English word in common use, it has a much wider application. Ferriere, Dict. de Dr. h.t. are seeing increases. Net premiums written for the top 200 property/casualty insurers rose 5.8% to $286 billion in 2000. Numbers continue to tell the tale of these two insurance companies: * Lincoln National's net income rose from $460 million in 1999 to $620 million in 2000. * State Farm's net income fell to $684 million in 2000 from $842 million in 1999. Call it a tale of two companies. David T. Hilgen Hilgen is a defunct American amplifier manufacturer. Company Information Little information is available on the web, but I am hoping that by posting this it will get people to add what information, pictures, schematics they may have to it. |
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