Lincoln National Corp. could receive a boost of up to $500 million to its loss reserves as the result of a dispute tied to last year's sale of its personal accident insurance business to Swiss Re.In a recent 10-K filing with the SEC, the Philadelphia-based carrier states that "there are currently disputed matters of approximately $500 million, which relate to personal accident business reserves and recoverables."
Last December, Swiss Re acquired LNC's reinsurance operation for $2 billion.
For fiscal 2001, Lincoln National reported net income of $102.4 million, up sharply from $3.1 million a year earlier. Revenues totaled $395.5 million, compared with $536.3 million a year earlier.
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