Welcome to our dedicated page for Lincoln National news (Ticker: LNC), a resource for investors and traders seeking the latest updates and insights on Lincoln National stock.
Lincoln National Corp. (LNC) is a multifaceted financial services organization focusing on insurance and retirement solutions. Established in 1990, the company has a rich heritage and extensive industry experience, which enables it to offer comprehensive services tailored to meet diverse client needs.
Core Business Segments:
- Annuities: LNC provides a range of annuity products, including fixed and indexed annuities, as well as variable annuities.
- Retirement Plan Services: The company offers employer-sponsored retirement plans, along with associated services designed to help clients achieve their retirement goals.
- Life Insurance: Lincoln National Corp. offers various life insurance products, including universal life (UL), variable universal life (VUL), indexed universal life (IUL), and term life insurance.
- Group Protection: Group life, disability, and dental insurance products are available for employers looking to provide comprehensive benefits to their employees.
Recent Achievements and Projects:
Lincoln National Corp. is committed to innovation and customer satisfaction. Recent projects include the enhancement of digital platforms to improve customer interaction and the introduction of new insurance products that offer more flexibility and coverage options. The company has also expanded its global partnerships, ensuring a robust distribution network and service support in various locations, including Slovenia, Croatia, and Italy.
Financial Condition:
The company maintains a strong financial standing, supported by consistent revenue generation and a well-diversified product portfolio. The latest financial reports indicate stable growth, with significant investments in technology and customer service enhancements.
Partnerships and Collaborations:
Lincoln National Corp. has built long-standing relationships with key industry players. Through a network of trusted partners, the company ensures the delivery of high-quality services and products. Notably, the firm proudly represents Zodiac Milpro, catering to professionals working on the water.
Overall, Lincoln National Corp. stands as a reliable and innovative leader in the insurance and retirement sectors, continually adapting to meet the evolving needs of its clients.
Lincoln Financial (NYSE:LNC) has announced a quarterly cash dividend declaration. The company's board of directors has approved a dividend of $0.45 per share on common stock. The dividend will be paid on February 3, 2025, to shareholders who are recorded as stockholders by the close of business on January 10, 2025.
Lincoln Financial (NYSE:LNC) has announced a quarterly dividend of $562.50 per share on its 9.000% Non-Cumulative Preferred Stock, Series D. The dividend, which equates to $0.5625 per depositary share for holders of the $25,000 liquidation preference shares, will be paid on December 1, 2024. Shareholders must be on record by November 15, 2024, with an ex-dividend date of November 14, 2024.
Lincoln Financial (NYSE: LNC) reported Q3 2024 results with a net loss of $(562) million, or $(3.29) per diluted share, while adjusted operating income was $358 million, or $2.06 per diluted share. The company's RBC ratio exceeded 420% at quarter-end. Key business highlights include: Annuities operating income up 15% year-over-year to $300 million with sales up 24% to $3.4 billion; Group Protection operating income more than doubled with margin expanding to 8.5%; Life Insurance delivered $14 million in operating income with 16% sequential sales growth; and Retirement Plan Services reported $44 million in operating income with positive net flows of $651 million.
Lincoln Financial (NYSE: LNC) has announced the appointment of Jennifer Charters as Executive Vice President and Chief Information Officer, effective November 18, 2024. Charters, with 30 years of experience in financial services technology, will oversee the company's enterprise-wide technology and digital strategy. She will report to CEO Ellen Cooper and join the Senior Management Committee.
Charters previously served as EVP and CIO at Flagstar Bank and held the position of CIO of Corporate Technology at Ally Financial. She began her career at Accenture, focusing on systems development and process improvement. Charters holds a BS in Computer Science and an MBA, and is actively involved in promoting women in technology.
This appointment comes as part of Lincoln Financial's efforts to optimize its operating model and accelerate technology modernization. Charters will replace Ken Solon, whose planned retirement is scheduled for early 2025.
Lincoln Financial (NYSE: LNC) has released its Q4 Market Intel Exchange report, offering comprehensive analysis of top industry trends and investor concerns. The report, curated from in-house expertise and Lincoln's Multimanager Platform, highlights:
1. Federal Reserve rate cutting cycle: Potential implications for investors, including cash movement and equity performance.
2. Market performance around presidential elections: Historical trends in volatility and post-election rallies.
3. Market volatility as an opportunity: Analysis of investment returns during periods of high volatility.
Jayson Bronchetti, Chief Investment Officer, provides an overview of key takeaways in the CIO Perspectives video. The report aims to help financial professionals and clients achieve long-term investment goals amidst changing market conditions.
Lincoln Financial (NYSE:LNC) has announced its schedule for reporting 2024 third quarter results. The company will release its earnings on October 31, 2024, at 6:00 a.m. Eastern Time, followed by a conference call at 8:00 a.m. Eastern Time on the same day. Earnings materials, including the Earnings Release, Earnings Supplement, and Statistical Supplement, will be available on the company's Investor Relations web page.
An audio webcast of the conference call will be broadcast live through Lincoln's website. A replay will be available by 10:00 a.m. Eastern Time on October 31, 2024. The company has also provided anticipated future earnings release and conference call dates for the fourth quarter and full year 2024, as well as the first and second quarters of 2025.
Lincoln Financial (NYSE: LNC) has launched a new tool in collaboration with PERKY to assist parents in planning for parental and bonding leaves. This digital offering, part of Lincoln's workplace benefits solutions, provides personalized guidance for growing families and supports employers in their leave planning process.
The PERKY Leave tool offers features such as on-demand pre-claims information, self-serve planning, an interactive calendar, and Lincoln-specific action items for employees. It aims to help parents understand their benefits, explore options, and create optimal leave plans.
This initiative addresses the needs of the 90% of employees who value personalized, digital guidance for workplace benefits. It also aligns with research showing that over 50% of employees who understand their benefits well are more satisfied with them.
Lincoln Financial (NYSE: LNC) announced the passing of board member Michael F. Mee. CEO Ellen Cooper and Lead Independent Director Bill Cunningham expressed deep sadness and praised Mee's invaluable service to the company. Mee, who most recently chaired the Compensation Committee, had a distinguished career including roles as CFO of Bristol-Myers Squibb and senior positions at Wang Laboratories, Norton Co., Monsanto, and Chrysler.
Mee held an MBA from the University of Minnesota and served on the Board of Overseers of its Carlson School of Management. He was also a Director of Ferro from 2001 to 2010. The company extended condolences to Mee's family, acknowledging his significant contributions to Lincoln's mission of providing financial protection and security to millions of Americans.
Lincoln Financial (NYSE: LNC) has unveiled a brand refresh, emphasizing its commitment to customers' financial futures while honoring its 120-year heritage. The refresh includes:
- A new logo featuring Abraham Lincoln gazing into an orange horizon, symbolizing a forward-thinking approach
- A new tagline: "Your tomorrow. Our priority."
CEO Ellen Cooper stressed the company's focus on financial protection and security. The brand update reflects Lincoln Financial's core values of honesty, trust, and integrity. Implementation will occur gradually over several years, with no changes to strategy or product offerings. The refresh aims to sharpen the visual representation of the company's purpose and mark its next chapter in financial services.
Lincoln Financial Group (NYSE:LNC) has announced a quarterly cash dividend of $0.45 per share on the 's common stock. The dividend will be payable on November 1, 2024 to shareholders of record at the close of business on October 10, 2024. This announcement demonstrates Lincoln National 's commitment to returning value to its shareholders through regular dividend payments. The declaration of a dividend is often seen as a positive sign of a company's financial health and confidence in its future prospects.
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