Lincoln National (LNC) Q2 Earnings Beat on Annuities Strength

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 ...