Hmm. What could have caused this massive quarterly charge for a huge life insurance company. It’s a puzzler. They said it wasn’t covid deaths. How long can they deny the reality? Funeral companies doing great. Life insurance companies doing terrible. Predicting deaths has always been demographically predictable. That’s why life insurance companies always make money. Until now. The articles about sudden deaths can be ignored by the masses, but these large deviations from expectations can not be ignored.
Lincoln National Shares Fall 30% After Unexpectedly Large Quarterly Charge
Lincoln National shares dropped around 30% in afternoon trading Thursday in the wake of a $2.6 billion third-quarter loss that left Wall Street analysts mincing no words.
“A Catastrophe (and Not the Natural Kind),” Wells Fargo Securities analysts said in a note to clients Wednesday night, following the after-market release of earnings by the Pennsylvania life-insurance and annuities company.
Lincoln National group insurance death payouts for working age in USA 18-64 yr olds. 2019 is pre covid and is the baseline, 2020 covid hits no vaccine 9% increase, 2021 covid still here but now add the vaccine a 163% increase. FYI pic.twitter.com/Wb4B4GXjPs
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Rosy
Short on life insurance companies…
Long on funeral homes…
BTFD…bury the foolish dead….
Woopsie! Sorry, shareholder. You lose…lol!
Climate change. Proof. It’s real and happening.
.
S
You hit that one out of the park!
At.least off.of.the facade of the upper deck
Speakin’ of baseball, did you guys know Hank Aaron died 17 days after receiving the clot shot?
Yep
And then, depression set in…
That would be awesome. We can dream, anyway.
Are we dead yet?
Soon. Wait for it.
“Don’t blame me”. I’m 69, no vax. And FDT for being an idiot.
FDT, Father of the Vaccine, Warp Speed, Lockdowns, REPO ($17.6 T). Good job fag.
When I’m cruising the right column of the home page, to see who’s commenting on what, anytime I see Admin and Joe commenting on the same thread, I always pop in, just to see what’s happening……
Should I feel guilty that my kids are unvaccinated (since birth), and my wife and I never took a clot shot! Nah, I am OK
Congrats for not bowing to pressure. I almost got into a fist fight with my MD over my refusal. We know people who died on a vent in the hospital, refusing treatment with Ivermectin.
BTFD
It’s climate change stupid.
We know who to blame…pharma companies producing that “safe and effective” clot shot that was neither. Lawyers will be the winners in this round.
Reality has a strong right wing bias.
You really have to wonder what it will take for people to get pissed off. How much of this do they have to throw in your face to get your balls back?
What I and many others haves stated starting almost two years ago. They won’t be able to hide from insurance numbers once they start reporting losses. And, here we are.
So the life insurers will either A, start denying the claims based on the policy-holder taking the experimental jabs, or, much more likely, B, dump their losses on the taxpayers via their buddies in government.
We are still in the privatize the gains, socialize the losses paradigm, after all.
And they’ll do it for long term care, disability insurance, cancer policies, too.
Never let a crisis go to waste.
I would love to be proven wrong, but I don’t think U.S. courts will allow the same kind of ruling as that French court a while back.
I should also note that the French people still get jabbed in spite of that ruling.
Yup,BAILOUT will keep them quiet. Money talks.
Some fun thoughts on this topic:
1) Life insurance companies have tons upon tons of assets, invested in bonds, commercial real estate, and to a lesser extent the stock market. They will need to sell and liquidate those investments to make payouts. What does that do to prices in those asset classes?
2) If this is really bad, and it sure looks that way, life insurers could become insolvent. All of them participate in state guaranty funds, as do all other admitted carriers (the part of the insurance market that people outside the industry think is the entire market). This could put severe pressure on those guaranty funds, which will drive up the cost of all lines of insurance, not only life insurance.
3) Life insurers will, sometime soon, start asking about clot-shot status on applications, and will deny coverage or charge more for those jabbed. A lot of the relevant market is group coverage but that may also dry up for the same reason.
Fun times.
So far it isn’t as bad as we thought it would be. So far.