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MARKETS LIVE BLOG:

STOCKS CLIMB AS DOW POSTS 8TH STRAIGHT WIN

Fed's Michelle Bowman echoes higher-for-longer mantra for interest rates

Why Shares of Jackson Financial, ProAssurance Corporation, and Lincoln National Corporation Are Falling Today

Bram Berkowitz, The Motley Fool
·3 min read
Why Shares of Jackson Financial, ProAssurance Corporation, and Lincoln National Corporation Are Falling Today

Several annuity and insurance stocks fell today after the companies reported earnings results for the first quarter of 2023. Shares of the retirement and life insurance company Jackson Financial (NYSE: JXN) traded more than 17% lower as of 12:49 p.m. ET. Meanwhile, ProAssurance Corporation (NYSE: PRA) fell about 23%, while Lincoln National Corporation (NYSE: LNC) slumped more than 5% after being down as much as 12% earlier this morning.

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