Lincoln National Corp. - LNC STOCK NEWS

Lincoln Financial Group (NYSE: LNC) reported a net income of $6 million or $0.01 per diluted share for Q4 2022, a significant drop from $220 million or $1.20 per share in Q4 2021. The full-year net loss was $(2.2) billion, or $(13.10) per share, compared to a net income of $1.4 billion, or $7.43 per share, in 2021. Adjusted operating EPS fell to $0.97 from $1.56 year-over-year. Book value per share decreased 84% to $18.41, driven by higher treasury rates affecting unrealized gains. While annuity sales rose 1% year-over-year, total revenues decreased to $18.8 billion from $19.2 billion in 2021.

Lincoln Financial Group (NYSE: LNC) has appointed Christopher Neczypor as Executive Vice President and Chief Financial Officer effective February 17, 2023. He succeeds Randal Freitag, who will assist in the transition until the end of Q1 2023. Neczypor, who has over 20 years of industry experience, joined Lincoln in 2018 as Head of Investment Risk and Strategy. He has significantly contributed to the company’s strategic objectives and team building. Tom Faenza will expand his role to Senior Vice President, Chief Strategy Officer, overseeing long-term strategic planning. Both appointments signal a strengthening of leadership for Lincoln Financial.

Lincoln Financial Group (NYSE: LNC) has appointed Vince Garzarella as senior vice president of Retirement Plan Services Operations. In this new role, Garzarella will oversee strategy development, customer service, and plan administration. He aims to enhance administrative capabilities to better serve plan sponsors and participants. Reporting to Ralph Ferraro, president of Retirement Plan Services, Garzarella joins the Corporate Leadership Group. He previously held leadership roles at Lincoln and spent 19 years at Vanguard. Lincoln Financial Group, based in Radnor, Pennsylvania, manages approximately $270 billion in account values as of September 30, 2022.

Lincoln Financial Group (NYSE: LNC) celebrated its long-standing sponsorship of Lincoln Financial Field after the Philadelphia Eagles clinched the NFC Championship. The company's involvement extends beyond sports, focusing on financial wellness for players. This partnership has been in place since the 2003 season, symbolizing Lincoln Financial's commitment to community and financial education.

Lincoln Financial Group highlights the financial struggles faced by consumers in 2022, with one in three Americans reporting financial difficulties. A study shows that 76% of respondents expect worsening conditions due to inflation and debt. However, those who set financial goals were significantly more likely to see improvements in their financial wellness. Lincoln suggests three actionable goals: 1. Develop a budget, focusing on both fixed and flexible expenses; 2. Save from each paycheck, even small amounts can accumulate; 3. Consult a financial professional for tailored financial planning. Increased financial guidance could lead to better outcomes for consumers.

Lincoln Financial Network, part of Lincoln Financial Group (NYSE: LNC), has announced the addition of David Layo, a seasoned financial planner, to their team. Layo brings 25 years of experience, having managed approximately $125 million in client assets throughout his career. He joins LFN after 17 years at Citadel Credit Union and will benefit from Lincoln's extensive resources and advisory support. Layo emphasizes Lincoln's strong client-focused culture and integrity as key reasons for his decision. This move aligns with LFN’s ongoing commitment to enhance its advisory talent pool.

Lincoln Financial Group (NYSE: LNC) congratulates the Philadelphia Eagles on winning the NFC Championship against the San Francisco 49ers. The company has sponsored Lincoln Financial Field since 2003, marking nearly 20 years of partnership. Senior VP Elena French praised the Eagles' remarkable season, highlighting how their victories have positively represented Lincoln Financial. The firm emphasizes its commitment to financial planning and community initiatives, including partnerships with the Eagles for the Eagles Autism Challenge and mentoring programs. With over 16 million customers, Lincoln Financial has over $270 billion in account values as of September 30, 2022.

Lincoln Financial Group has launched Lincoln WealthAccelerate^SM, an indexed universal life insurance product designed to offer a fully digital customer experience. Addressing the needs of digitally savvy consumers aged 20 to 55, this product allows coverage ranging from $100,000 to $1.5 million, featuring both a death benefit and cash value access. Key attributes include paperless applications, automated underwriting, and lab-free opportunities for qualifying clients. The product aims to streamline the insurance process and enhance confidence among policyholders during life transitions.