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In hopes that a larger policyholder base and larger economic foundation will facilitate expansion, Lincoln Mutual Holding Co. and WFR Mutual Insurance Holding Co. will merge to form one company called Lincoln Insurance Group Inc.

The deal between the Lincoln, Neb.-based insurers is expected to be completed by March 1 subject to regulatory approval. The combined company will have more then 200,000 policyholders and $981 million in assets. No job cuts are expected due to the merger.

Topics Carriers