RADNOR, Pa.--(BUSINESS WIRE)--Lincoln Financial Group (NYSE: LNC) today announced that it has received the EQDerivatives 2016 “Insurance Risk Management Team of the Year” award for its market risk management program that utilizes hedging strategies to mitigate risk and volatility from variable annuity products.
“We are honored to receive this award from EQDerivatives, Inc. for the second year in a row,” said Carey Hobbs, senior vice president and head of Market Risk Management for Lincoln Financial Group. “It is this type of recognition that continues to reinforce the strength of our risk management program and the quality of Lincoln’s investment guarantees.”
The award was accepted by Hobbs on March 13 during the “EQDerivatives' Hedge Fund and Institutional Awards 2017” ceremony that took place at the Yale Club in New York City.
Lincoln Financial was chosen by the EQDerivatives Editorial Board for its work in developing a sophisticated in-house risk management computing infrastructure, trading strategies, and risk metrics to efficiently manage and anticipate various market conditions.
“This is the second year running that Lincoln has won our risk management award, showing its real commitment to the development of this segment of their business,” said Daniel O’Leary, managing editor, EQDerivatives, in New York. “Last year, it was the commitment to innovation that helped the firm seal the prize. This year, Lincoln collected on that investment, which has made it more able to tactically adapt to external events and the changing markets."
EQDerivatives, Inc. brings together all players in institutional equity and volatility derivatives market globally. We do this through substantive, specialized content that fosters interaction and the exchange of information to sharpen strategies and product offerings. EQDerivatives, Inc. is a global operation with staff in New York, London and Chicago.
About Lincoln Financial Group
Lincoln Financial Group provides advice and solutions that help empower people to take charge of their financial lives with confidence and optimism. Today, more than 17 million customers trust our retirement, insurance and wealth protection expertise to help address their lifestyle, savings and income goals, as well as to guard against long-term care expenses. Headquartered in Radnor, Pennsylvania, Lincoln Financial Group is the marketing name for Lincoln National Corporation (NYSE:LNC) and its affiliates. The company had $229 billion in assets under management as of December 31, 2016. Learn more at: www.LincolnFinancial.com. Find us on Facebook, Twitter, LinkedIn and YouTube. To sign up for email alerts, please visit our Newsroom at http://newsroom.lfg.com.
Variable annuities are long-term investment products designed for retirement purposes and are subject to market fluctuation, investment risk, and possible loss of principal. Variable annuities contain both investment and insurance components and have fees and charges, including mortality and expense, administrative, and advisory fees. Optional features are available for an additional charge. The annuity’s value fluctuates with the market value of the underlying investment options, and all assets accumulate tax-deferred. Withdrawals of earnings are taxable as ordinary income and, if taken prior to age 59½, may be subject to an additional 10% federal tax. Withdrawals will reduce the death benefit and cash surrender value.
Investors are advised to consider the investment objectives, risks, and charges and expenses of the variable annuity and its underlying investment options carefully before investing. The applicable prospectuses for the variable annuity and its underlying investment options contain this and other important information. Please call 888-868-2583 for free prospectuses. Read them carefully before investing or sending money. Products and features are subject to state availability.
Lincoln variable annuities and American Legacy® variable annuities are issued by The Lincoln National Life Insurance Company, Fort Wayne, IN, and distributed by Lincoln Financial Distributors, Inc., a broker-dealer. The Lincoln National Life Insurance Company does not solicit business in the state of New York, nor is it authorized to do so.
Contracts sold in New York are issued by Lincoln Life & Annuity Company of New York, Syracuse, NY, and distributed by Lincoln Financial Distributors, Inc., a broker-dealer.