Lincoln National Adds to Hedge Against Higher Rates, CFO Says

Lincoln National Corp. (LNC), the insurer that repaid a $950 million U.S. bailout, has increased protection to guard against higher interest rates.

“We’ve taken advantage over the last couple of years to add to our portfolio of hedges against rising interest rates,” Randal Freitag, chief financial officer of the Radnor, Pennsylvania-based insurer, said today at a conference sponsored by Standard & Poor’s in New York.

To contact the reporter on this story: Zachary Tracer in New York at Ztracer1@bloomberg.net

To contact the editor responsible for this story: Dan Kraut at dkraut2@bloomberg.net

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