I try to look at ALL facts and not make emotional decisions and then only search for facts that support my emotional decision.
Per a post to the article:
It was interesting to note from the 2020 and 2021 statements that group premiums jumped from $665,777,823 to $1,409,482,771 just like the increase in benefits. I wondered how this could have happened.
The answer was easily found on page 1 of the company’s 2021 annual report. “In 2021, we added over 12,000 producers who had never previously sold a Lincoln life insurance policy”.
Conclusion: The large increase in benefits paid equated to the large increase in premiums received which flowed from the significant increase in group policies taken over by the company. More people insured leads to more deaths covered.
In other words more insured increasing their potential payout pool.
Thanks for looking into it more. Premiums increased 2.1, benefits 2.6. Generally new agents have worse experience than existing agents. Also new business is typically worse. It would help if the author did a better analysis because people will run with this and then end up looking stupid.