Life Insurers Slump as Bond Yields Fall on U.S. Jobs Data
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Lincoln National Corp. was among U.S. life insurers that declined as bond yields fell after employers added fewer jobs than forecast.
Lincoln dropped 1.7 percent to $30.87 at 4 p.m. in New York. MetLife Inc., the largest U.S. life insurer, slipped 2.2 percent and No. 2 Prudential Financial Inc. lost 2.6 percent.