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 Group (NYSE: LNC) reported a significant net loss of $(2.6) billion or $(15.17) per share for Q3 2022, contrasting with net income of $318 million a year prior. The adjusted operating loss per share was $(10.23), attributed to $2 billion in unfavorable notable items and a $634 million goodwill impairment charge. The company declared a quarterly cash dividend of $0.45 per share, payable on February 1, 2023. Book value per share, including AOCI, stood at $13.10, an 88% decrease from the previous year, indicating substantial financial strain.
Lincoln Financial Group (NYSE: LNC) announced that Jim O’Boyle will become the senior vice president and head of Life & Annuity Operations starting on November 1. O’Boyle aims to enhance customer experience and improve operational efficiency. He brings over two decades of leadership experience, including at Equitable. His educational background includes an MBA from Fordham University and a B.S. from University at Albany, along with various FINRA licenses. This appointment is a strategic move to strengthen Lincoln Financial's service offerings.
Lincoln Financial Group (NYSE:LNC) will report its third quarter earnings on November 2, 2022, after market close, with a conference call on November 3, 2022, at 10:00 a.m. ET. Earnings materials, including the Earnings Release and Statistical Supplement, will be available on the company’s Investor Relations page.
As of June 30, 2022, Lincoln Financial had approximately $279 billion in end-of-period account values, serving around 16 million customers with financial solutions.
Lincoln Financial Group (NYSE: LNC) announced a partnership with Modern Life, a tech-enabled life insurance brokerage. This collaboration aims to enhance Lincoln's distribution capabilities and provide an improved digital experience for financial professionals. By integrating Lincoln's life insurance products into Modern Life's platform, the partnership focuses on innovation and streamlined service delivery. With Modern Life's advanced technology, financial professionals will benefit from faster risk assessments and greater support, aligning with the industry's ongoing digital transformation.
Lincoln Financial Group (NYSE: LNC) has appointed Matt Condos as the new senior vice president of Retirement Plan Services Product. Reporting to Ralph Ferraro, Condos will lead the Product Solutions team, focusing on innovative solutions for retirement plans. He has been with Lincoln since 2017 and has a proven track record in product management, including the launch of guaranteed income products and target date portfolios. His experience spans over 12 years in retirement services with Voya. Lincoln Financial has $279 billion in account values as of June 30, 2022, serving approximately 16 million customers.
Lincoln Financial Group (NYSE: LNC) highlights living benefits of life insurance during Life Insurance Awareness Month amid economic concerns. Recent research shows that while 70% of life insurance owners feel financially secure, only 50% of American adults have life insurance. Key issues include inflation, market volatility, and tax planning, with many consumers unprepared for potential changes. Life insurance offers cash value access, tax-deferred growth, and income tax-free death benefits, vital for financial security. Lincoln emphasizes the importance of consulting financial professionals for future planning.
Lincoln Financial Group (NYSE: LNC) will host a conference call on September 21, 2022, at 2:30 p.m. Eastern Time to discuss the initial impact of the new accounting standard, Targeted Improvements for Long-Duration Contracts (LDTI). A presentation will be available on their Investor Relations webpage before the market opens. The live webcast will be accessible on their website, and a replay will be available by 5:00 p.m. Eastern Time on the same day.
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