Philadelphia-based Lincoln National Corp. plans to buy back $950 million worth of preferred stock to pay back the U.S. Treasury for money it received from the government last year.

The Hartford Financial Services Group has named a former Bank of America executive as its next chairman and chief executive officer.

Philadelphia, Pa.-based Lincoln Financial Group has announced a capital plan to raise $2 billion, with $1 billion set to be dedicated to its insurance subsidiary.

Lincoln announced June 15 that it …  Read →

Indicating that the insurer has made “a series of important decisions” about its future, The Hartford Financial Services Group’s chairman and CEO, Ramani Ayer, has announced his plans to retire …  Read →

Prudential Financial announced it will not accept federal funds to help rebound financially, but instead, intends to try to raise $1.25 billion through a common stock offering.

The Newark, N.J.-based insurer …  Read →

Six life insurance companies, including Lincoln Financial and The Hartford, are among those about to receive billions of federal dollars through the U.S. Treasury‘s Troubled Asset Relief Program.

Funding will come …  Read →

Although it was mentioned as a potential participant in the latest round of federal bailouts, New York-based MetLife says it has already taken steps to stay strong financially.

C. Robert …  Read →

The U.S. government appears ready to offer Troubled Asset Relief Program funding to several major life insurers who have aligned with banks to seek federal bailout funds.

The companies, including Prudential …  Read →