Lincoln National Corporation (LNC) introduced Empathy's grief support services for its customers who have bought Lincoln Group Life insurance policies through their workplace and to the beneficiaries of these policies. The beneficiaries need to claim a file to avail of Empathy's services, post which they can receive on-demand assistance and personalized plans tailored to their specific needs. A care manager will be assigned to provide support and guidance through navigating administrative, emotional, legal ...

ALFSnaiper/iStock Editorial via Getty Images Shares of Lincoln National (NYSE:LNC) have been a reasonable performer over the past year, though shares have seen meaningful volatility, including a roughly 10% fall since reporting Q2 earnings, as management reiterated that increased capital returns are several years away. Lincoln is an insurer I have been cautious on, rating it as a "sell" in both September and March. During this time, it has performed broadly in-line with the market while underperforming othe ...

NEW YORK, Aug. 08, 2024 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, is investigating potential claims against Lincoln National Corporation (NYSE: LNC) on behalf of long-term stockholders following a class action complaint that was filed against Lincoln on April 23, 2024 with a Class Period from November 4, 2020 to November 2, 2022. Our investigation concerns whether the board of directors of Lincoln have breached their fiduciary duties to the company ...

Lincoln Financial Group (LNC) recently announced the expansion of its Lincoln PathBuilder Income product powered by YourPath. This expansion introduces a lifetime income guarantee to an asset allocation investment fund, marking a significant enhancement to its portfolio of in-plan guaranteed lifetime income solutions. This move is a time opportune one aiming to respond to a growing demand for guaranteed retirement income options. Moves like this are expected to boost LNC's Annuities segment, whose operating ...

Lincoln National Corporation (LNC) reported better-than-expected second-quarter earnings on the back of solid contributions from the Annuities and Group Protection businesses and growing insurance premiums. However, the upside was partly offset by higher expenses, lower fee income and net investment income. Weaker performance in Life Insurance affected the results. Its second-quarter 2024 adjusted earnings of $1.84 per share beat the Zacks Consensus Estimate by 3.4%. However, the bottom line declined 8.9% y ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D. C. 20549 FORM 10-Q (Mark One) ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended June 30, 2024 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 _______________________________________________________________________________________________________ ...

Financial Data and Key Metrics Changes - The company reported second quarter adjusted operating income available to common stockholders of $319 million or $1.84 per share, with net income available to common stockholders of $884 million or $5.11 per diluted share [19][20] - The estimated Risk-Based Capital (RBC) ratio ended the quarter above 420%, providing a buffer above the 400% target [5][33] - The leverage ratio improved by 120 basis points sequentially to 28.9% [33] Business Line Data and Key Metrics Changes - Annuities business grew earnings by 10% year-over-year, achieving its highest earnings quarter in two years with total annuity sales of $3.8 billion, up 48% from the prior year quarter [8][9] - Group Protection delivered earnings in line with its record prior year quarter, with premium growth of 3% and an operating income of $130 million, reflecting a margin of 10% [21][13] - Life insurance reported an operating loss of $35 million compared to operating income of $33 million in the prior year quarter, impacted by below-target alternative investment income [29][30] Market Data and Key Metrics Changes - Total deposits in Retirement Plan Services increased by 13%, with end-of-period account balances nearly reaching $108 billion, up 12% year-over-year [27][28] - Fixed annuity sales more than doubled year-over-year, reflecting strong demand and operational capabilities built over the past year [10][51] Company Strategy and Development Direction - The company aims to grow and diversify its group business across products and market segments while evolving its annuity business with a balanced product mix [7][16] - The strategic focus includes enhancing free cash flow generation and optimizing the operating model to support profitable growth [6][39] - The establishment of a Bermuda-based reinsurance subsidiary, Alpine, is expected to improve free cash flow and ensure a competitive presence in key markets [34] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the ability to deliver results that will drive long-term value creation for shareholders, despite potential moderation in results in the second half of the year [17][24] - The company anticipates continued strong demand for annuities driven by demographic trends and higher interest rates [57] Other Important Information - The company successfully closed the sale of its wealth management business, contributing to a significant capital benefit [20][33] - The alternative investments portfolio delivered a 4% annualized return, which was below the target, primarily due to lower merger and acquisition activity [19][38] Q&A Session Summary Question: Free cash flow for the first half of the year - Management indicated that free cash flow conversion is on track to reach 45% to 55% by 2026, with progress being made [41][43] Question: Capital contribution to Bermuda entity - The Bermuda entity was established with approximately $7 billion in fixed annuities and disability reserves to create scale and free cash flow [44][45] Question: Pricing adequacy in group protection sales - Management noted that the market remains competitive but rational, with a focus on maintaining pricing discipline [46][49] Question: Drivers behind strong annuity sales - The increase in annuity sales was attributed to operational capabilities built over the past year and strong distribution relationships [50][51] Question: Expense improvement metrics - Management highlighted the need for optimization in G&A expenses, with a focus on business unit-level metrics to track progress [54][55] Question: Group business margin expectations - Management expects to maintain margins within the previously communicated range, with potential moderation in the second half of the year [62][63] Question: Higher mortality trends in younger age groups - Management explained that volatility in mortality can occur, but it should not be interpreted as a long-term trend [66] Question: Capital return strategy and M&A opportunities - Management reiterated a focus on using capital for operational efficiency and investments needed for long-term growth, rather than immediate capital returns [68]

Statistical Supplement Second Quarter 2024 Lincoln Financial Group Table of Contents | --- | --- | |---------------------------------------------------------------------------------------------------------------------------|-----------| | N o t e s | 1 | | C r e d i t R a t i n g s | 2 | | C o n s o l i d a t e d | | | C o n s o l i d a t e d S t a t e m e n t s o f I n c o m e ( L o s s ) | 3 | | | | | C o n s o l i d a t e d B a l a n c e S h e e t s | 4 | | E a rn i n g s, S h a r e s a n d R e tu rn o n ...

This insurance and retirement business has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. The average surprise for the last two quarters was 17.20%. For Lincoln National, estimates have been trending higher, thanks in part to this earnings surprise history. And when you look at the stock's positive Zacks Earnings ESP (Expected Surprise Prediction), it's a great indicator of a future earnings beat, especially when combined with its solid Zacks Rank. Inv ...

On November 2, 2022, after the market closed, Lincoln National released its third quarter 2022 financial results, reporting a net loss of $2.6 billion for the quarter. This was compared to a net income of $318 million for the third quarter of 2021 the previous year. The Company explained "[t]he current quarter's adjusted operating results included net unfavorable notable items of $2.0 billion, or $11.62 per share, related to the company's annual review of DAC and reserve assumptions." The Company also discl ...