Lincoln National Corporation (NYSE:LNC) Q3 2023 Earnings Conference Call November 2, 2023 10:00 AM ET Company Participants Adam Cohen - CAO and Interim Chief Head, Investor Relations Ellen Cooper - Chairman, President and CEO Chris Neczypor - CFO Conference Call Participants Alex Scott - Goldman Sachs Tom Gallagher - Evercore ISI Ryan Krueger - KBW Mike Ward - Citi John Barnidge - Piper Sandler Jimmy Bhullar - JPMorgan Wes Carmichael - Wells Fargo Wilma Burdis - Raymond James Operator Good morning and thank ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION For the quarterly period ended September 30, 2023 WASHINGTON, D.C. 20549 _________________ OR FORM 10-Q _________________ ¨ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 (Mark One) For the transition period from ______ to ______ x Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Commission File Number: 1-6028 _________________ LINCOLN NATIONAL CORPORATION (Exact name of registra ...

Lincoln National Corporation (NYSE:LNC) Q2 2023 Earnings Conference Call August 3, 2023 10:00 AM ET Company Participants Al Copersino – Vice President and Head-Investor Relations Ellen Cooper – Chairman, President and Chief Executive Officer Chris Neczypor – Chief Financial Officer Conference Call Participants Ryan Krueger – KBW Alex Scott – Goldman Sachs Tom Gallagher – Evercore Elyse Greenspan – Wells Fargo Erik Bass – Autonomous John Barnidge – Piper Sandler Jimmy Bhullar – JPMorgan Chase Operator Good ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 _________________ FORM 10-Q _________________ (Mark One) x Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended June 30, 2023 OR ¨ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from ______ to ______ Commission File Number: 1-6028 _________________ LINCOLN NATIONAL CORPORATION (Exact name of registrant as ...

Lincoln National Corporation (NYSE:LNC) Q1 2023 Results Conference Call May 10, 2023 10:00 AM ET Company Participants Al Copersino - VP, IR Ellen Cooper - President and CEO Chris Neczypor - CFO Conference Call Participants Erik Bass - Autonomous Research Tom Gallagher - Evercore ISI Michael Ward - Citigroup Jimmy Bhullar - JPMorgan Chase John Barnidge - Piper Sandler Ryan Krueger - KBW Operator Good morning, and thank you for joining Lincoln Financial Group’s First Quarter 2023 Earnings Conference Call. [Op ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 _________________ FORM 10-Q _________________ (Mark One) x Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended March 31, 2023 OR ¨ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from ______ to ______ Commission File Number: 1-6028 _________________ LINCOLN NATIONAL CORPORATION (Exact name of registrant a ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D. C. 20549 _______________________________________________________________________________________________________ ______________F_______O__________R_________M_______________1_______0_______ - ____K______________________________ (Mark One) Annual Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the fiscalyear ended December 31, 2022 OR Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Ac ...

Lincoln National Corporation (NYSE:LNC) Q4 2022 Earnings Conference Call February 9, 2023 10:00 AM ET Company Participants Al Copersino - Vice President of Investor Relations Ellen Cooper - President and Chief Executive Officer Randal Freitag - Executive Vice President, Chief Financial Officer Conference Call Participants Thomas Gallagher - Evercore ISI Erik Bass - Autonomous Research Alex Scott - Goldman Sachs Ryan Krueger - KBW Suneet Kamath - Jefferies Elyse Greenspan - Wells Fargo Jamminder Bhullar - JP ...

Financial Data and Key Metrics Changes - The company reported a third quarter adjusted operating loss of $1.7 billion or $10.23 per share, which includes $11.62 per share from this year's assumption review [41] - Excluding the impact of the assumption review, adjusted operating earnings would have been $237 million or $1.39 per share for the quarter [41] - The risk-based capital (RBC) ratio is projected to decline from approximately 427% at the beginning of the year to about 360% by year-end [38][14] Business Line Data and Key Metrics Changes - Annuities operating income, excluding the annual assumption review, was $232 million compared to $343 million in the prior year quarter, reflecting a 32% decline [43] - Retirement Plan Services reported operating income of $52 million, down from $60 million in the prior year quarter, driven by a $10 million drop in alternative investment income [44] - Life insurance reported an operating loss of $2.2 billion, with an operating income of $37 million excluding the annual assumption review [45] Market Data and Key Metrics Changes - Total Life Insurance sales increased by 3% from the prior year quarter, primarily due to a rise in indexed Universal Life sales [12] - In Retirement Plan Services, total deposits of $2.8 billion were up 16% from the prior year quarter, reflecting a 33% increase in first-year sales [13] - Group Protection sales surged by 83% from the prior year quarter, with premiums of $1.2 billion up 8% compared to the prior year quarter [13] Company Strategy and Development Direction - The company aims to maximize distributable earnings and improve capital generation while reducing capital sensitivity to market volatility [15] - A strategic focus on diversifying earnings with durable cash-generative income streams is emphasized [15] - The company is evaluating strategic alternatives for its in-force business, including potential block reinsurance transactions [23] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the plan to rebuild the RBC ratio to the target of 400%, although it will take time [57] - The company is focused on improving the cash flow profile of the Life business and expects to see growth despite recent challenges [47] - Management acknowledged the impact of market volatility on capital positions but remains optimistic about future capital generation [80] Other Important Information - The company incurred a $634 million GAAP goodwill impairment charge in its life business due to variable universal life equity market impacts [11] - S&P revised the company's rating from AA- with a negative outlook to A+ with a stable outlook, while Moody's affirmed its A1 rating with a negative outlook [53] Q&A Session Summary Question: How long will it take to rebuild the RBC ratio back to the 400% target? - Management indicated that rebuilding the RBC ratio will take time but expressed confidence in the ongoing actions to support capital generation [57] Question: Can you quantify the ultimate lapse rate on GUL and the opportunity for third-party reinsurance? - Management provided insights into the lapse and surrender rates, indicating a significant reduction in expected lapsation and a potential for reinsurance opportunities if the right conditions are met [59][66] Question: How confident is the company in maintaining the common stock dividend? - Management expressed confidence in maintaining the dividend, citing strong capital generation and various levers available to optimize distributable earnings [71] Question: What are the strategic options for risk transfer? - Management stated that all options are on the table, with a focus on finding the right price and timing for potential transactions [92]

Lincoln National Corporation (NYSE:LNC) Q2 2022 Results Conference Call August 4, 2022 10:00 AM ET Company Participants Al Copersino - VP, IR Ellen Cooper - President, CEO Randy Freitag - CFO Conference Call Participants Elyse Greenspan - Wells Fargo Erik Bass - Autonomous Research Jimmy Bhullar - JP Morgan John Barnidge - Piper Sandler Josh Shanker - Bank of America Mike Ward - Citi Tom Gallagher - Evercore ISI Operator Good morning, and thank you for joining Lincoln Financial Group's Second Quarter 2022 E ...