Lincoln National Q3 Earnings Beat on Strong Premiums, High Costs Ail

Shares of Lincoln National Corporation (LNC) lost 5.7% since it reported third-quarter 2024 results on Oct. 31. Despite an earnings beat, the quarterly results were hurt by a fall in net investment income and an elevated expense level. Nevertheless, the downside was partly offset by growing insurance premiums and strong contributions from Group Protection and Retirement Plan Services segments. Third-quarter adjusted earnings were $2.06 per share, which surpassed the Zacks Consensus Estimate by 25.6%. The bo ...