Lincoln National Corp. - LNC STOCK NEWS

Lincoln Financial Group (NYSE: LNC) has appointed Sean N. Woodroffe as the new Chief People, Culture and Communications Officer, effective May 1, 2023. Woodroffe will manage all human resources functions, focusing on talent management, employee experience, and corporate communications. He brings over 35 years of HR experience, particularly in financial services, including previous roles at TIAA and National Life Group. CEO Ellen Cooper emphasized that Woodroffe's expertise will be vital in enhancing company culture and promoting diversity, equity, and inclusion. He succeeds Jen Warne, who is leaving the position on April 14, 2023. Lincoln Financial Group aims to leverage this leadership change to strengthen its commitment to both employees and customers.

Lincoln Financial Group (NYSE:LNC) will announce its first quarter earnings after market close on May 9, 2023. A conference call will follow on May 10, 2023, at 10:00 a.m. ET. Earnings materials will be accessible on their Investor Relations page post-announcement. As of December 31, 2022, Lincoln Financial reported $282 billion in end-of-period account values, serving around 16 million customers. The company's commitment to sustainability and ethical practices is evidenced by its inclusion in the Dow Jones Sustainability Index and recognition as one of Ethisphere’s World’s Most Ethical Companies.

A recent study by Lincoln Financial Group reveals that 72% of women are actively setting financial goals this year, focusing on areas like income increase (48%), debt reduction (45%), budgeting (42%), and emergency savings (40%). The research emphasizes that women should adopt a holistic approach to financial wellness, evaluating their overall financial health rather than isolating individual goals. Furthermore, 71% of women are seeking financial advice, with interests in retirement savings (33%) and budgeting (29%). This indicates a growing awareness and commitment among women to enhance their financial security.

Lincoln Financial Group (NYSE: LNC) announced the appointment of Heather Deichler as senior vice president of Group Benefit Product and Underwriting in its Workplace Solutions division. With a commitment to delivering innovative product offerings, Deichler aims to enhance customer and claimant experiences while managing profit and loss. Previously, she led MoneyGuard® Business Management at Lincoln and has extensive experience in the insurance industry, including significant roles at New York Life. This strategic appointment is expected to strengthen Lincoln's market position and product development capabilities.

Lincoln Financial Network (LFN) has announced the addition of financial planners Andy Andrews and Joe Dankowski from Heritage Financial Consultants (HFC), enhancing its wealth management capabilities. With over $200 million in client assets managed throughout their careers, the duo aims to leverage LFN's resources to improve client service. Andrews, based in Naples, Florida, brings 8 years of experience managing approximately $100 million in assets, while Dankowski, located in Hunt Valley, Maryland, offers 23 years of experience with $105 million managed. This expansion reflects LFN's commitment to growing its advisory network.

Lincoln Financial Group (NYSE: LNC) has enhanced its MoneyGuard^® suite with Real-Time Approval for underwriting, allowing clients to receive approval in as little as 20 minutes. This feature is available for customers aged 60 and under applying for MoneyGuard Market Advantage^® and MoneyGuard Fixed Advantage^® policies. Additionally, MoneyGuard Market Advantage^® has expanded its availability to California, providing comprehensive long-term care coverage. A recent study shows that 59% of consumers fear relying on loved ones for long-term care, emphasizing the need for effective solutions like these.