Lincoln National (LNC) came out with quarterly earnings of $1.91 per share, beating the Zacks Consensus Estimate of $1.74 per share. This compares to earnings of $1.45 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 9.77%. A quarter ago, it was expected that this insurance and retirement business would post earnings of $1.64 per share when it actually produced earnings of $2.06, delivering a surprise of 25.61%.Over the last fo ...

Financial Performance - Total revenues rose by 58.4% from $11,645 million in 2023 to $18,442 million in 2024[22]. - Net income available to common stockholders increased by 234.4% from a loss of $835 million in 2023 to a profit of $3,187 million in 2024[22]. - Earnings per share (diluted) improved by 231.0% from a loss of $4.92 in 2023 to $18.41 in 2024[22]. - Net income for the twelve months ended 12/31/24 was $3,275 million, a significant increase of 236.5% compared to a net loss of $752 million for the previous year[25]. - Adjusted income from operations available to common stockholders increased by 34.8% from $908 million for the twelve months ended 12/31/23 to $1,224 million for the twelve months ended 12/31/24[25]. - Total operating revenues for Lincoln Financial decreased by 3.5% to $1,608 million in Q4 2024 compared to $1,667 million in Q4 2023[33]. - The effective federal income tax rate for Lincoln Financial was 31.1% for the twelve months ended December 31, 2024, compared to 40.0% in the previous year[33]. Revenue Sources - The company’s sales from annuities and retirement plan services include deposits from new and existing customers, contributing to overall revenue[19]. - Operating revenues for the Annuities segment rose significantly by 63.1% to $4,896 million for the twelve months ended December 31, 2024, compared to $3,002 million for the previous year[27]. - Deposits in the Retirement Plan Services segment increased by 25.1% to $14,738 million for the twelve months ended December 31, 2024, compared to $11,778 million for the previous year[27]. - Total annuities sales for the twelve months ended December 31, 2024, increased by 6.9% to $13,727 million compared to $12,840 million for the previous year[28]. Assets and Liabilities - Total assets grew by 4.9% from $372,413 million at the end of 2023 to $390,831 million at the end of 2024[23]. - Total liabilities increased by 4.7% from $365,520 million as of 12/31/23 to $382,562 million as of 12/31/24[24]. - Total stockholders' equity increased by 20.0% from $6,893 million as of 12/31/23 to $8,269 million as of 12/31/24[24]. - Cash and invested cash surged by 72.4% from $3,365 million in 2023 to $5,801 million in 2024[23]. Stockholder Metrics - Adjusted book value per share is calculated by dividing adjusted stockholders' equity by common shares outstanding, providing insight into net worth attributable to business operations[11]. - Book value per share rose by 22.4% from $34.81 as of 12/31/23 to $42.60 as of 12/31/24[25]. - Cash returned to common stockholders increased by 1.3% to $77 million for the three months ended December 31, 2024, compared to $76 million for the previous quarter[26]. Investment and Market Performance - The company reported a significant realized gain of 106.2%, improving from a loss of $4,311 million in 2023 to a gain of $269 million in 2024[22]. - Investment gains (losses) for the twelve months ended December 31, 2024, showed a decrease of 49.6%, totaling a loss of $483 million compared to a loss of $959 million in the previous year[47]. - The company experienced a significant increase in investment gains, with a pre-tax loss of $959 million in 2023 turning into a pre-tax loss of $483 million in 2024, reflecting a 50% improvement[46]. Operational Efficiency - General and administrative expenses for the twelve months ended December 31, 2024, decreased by 3.1% to $2,561 million compared to $2,644 million in the previous year[30]. - The percentage of General and Administrative Expenses to Operating Revenues for Annuities was 9.4% for the twelve months ended December 31, 2024[29]. - Operating expenses decreased by 2.8% to $1,634 million in Q4 2024 compared to $1,681 million in Q4 2023[33]. Changes in Definitions and Reporting - The company revised its definition of adjusted income (loss) from operations in Q3 2024 to better reflect ongoing business performance[4]. - The company does not intend to update the statistical supplement document dated February 6, 2025, indicating a stable reporting period[17]. Market Risk and Financial Ratings - The financial strength ratings for Lincoln National Life Insurance Company are A from AM Best and A+ from Fitch, indicating strong financial stability[20]. - The company reported a leverage ratio to monitor the level of debt relative to total capitalization, reflecting total debt and preferred stock adjusted for certain items[16]. - The leverage ratio improved to 27.8% as of December 31, 2024, down from 30.2% as of December 31, 2023[26].

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Lincoln National Corporation (LNC) recently introduced two innovative Variable Universal Life (VUL) products as part of its next generation of the Lincoln AssetEdge series. These include an upgraded version of the Lincoln AssetEdge VUL (2025) and the brand-new Lincoln AssetEdge SVUL.The Lincoln AssetEdge VUL (2025) is an enhanced version of Lincoln’s existing individual life product, offering increased value to consumers through a range of improvements. These include a new Enhanced Overloan Protection Endor ...

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Redesigning and repricing of products and services to maintain sales and profitability have been driving Zacks Life Insurance industry players. Increased automation is expected to drive premium growth and boost the efficiency of Sun Life Financial Inc. (SLF) , Reinsurance Group of America, Incorporated (RGA) , Primerica (PRI) , Voya Financial Inc. (VOYA) and Lincoln National (LNC) . However, with three 50 basis points interest rate cuts and two more expected this year, life insurers will likely face challen ...

Lincoln National Corporation (LNC) is aided by robust Annuities and Group Protection segment performance, strategic product shifts, expense management, technology adoption and a solid financial foundation.LNC’s Zacks Rank & Price PerformanceLincoln National currently carries a Zacks Rank #2 (Buy).The stock has gained 16.7% in the past year.  Image Source: Zacks Investment ResearchLincoln National’s Favorable Style ScoreLNC carries an impressive Value Score of A. Value Score helps find stocks that are underv ...

Investors interested in Insurance - Life Insurance stocks are likely familiar with Lincoln National (LNC) and The Baldwin Insurance Group (BWIN) . But which of these two stocks is more attractive to value investors? We'll need to take a closer look to find out.There are plenty of strategies for discovering value stocks, but we have found that pairing a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system produces the best returns. The Zacks Rank favors stocks with stro ...

It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both.The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens.Zacks Premium also includes the Zacks Style Scores. What ...

Lincoln National (LNC) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #2 (Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices.The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate.The power of a changing ear ...