Goldman Sachs Provides Color on Life Insurers

Goldman Sachs provided color on life insurers. In a research report published today, the rating agency commented on Lincoln National LNC and Unum's UNM Q2 results, which it views as better than expected. In the report, Goldman states, “We view 2Q EPS results from Buy-rated LNC and UNM as better than expected. LNC reported EPS of $1.09 ($0.98 ex favorable items) vs. GS/cons. of $0.94. UNM reported $0.75 ($0.73 ex higher NII) vs. GS/cons. of $0.72.” On Tuesday, UNM lost 2.6% of its value to end the day at $23.59. Its shares rebounded in today's pre-market trading, rising 1.31% to stand around $23.90. At the same time, LNC lost 3.23% of its value on Tuesday to end the day at $25.45. Its shares also rebounded in today's pre-market trading, rising 2.12% to stand around $25.99.