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) has introduced Stadion’s StoryLine Dynamic, a new Qualified Default Investment Alternative (QDIA) to support retirement planning. Tailored for participants approaching retirement, this program integrates a target date fund for younger individuals with a managed account service for those aged 50 and older. This initiative addresses a common concern, as over one-third of participants report confusion about investment choices as they age, aiming to improve retirement outcomes and engagement.
Lincoln Financial Group (NYSE:LNC) has declared a quarterly cash dividend of $0.45 per share, payable on November 1, 2022 to shareholders who are on record by October 10, 2022. This dividend reflects the company’s commitment to returning value to its shareholders. With $279 billion in end-of-period account values as of June 30, 2022, Lincoln remains a prominent player in the retirement, insurance, and wealth management sectors, serving approximately 16 million customers.
Lincoln Financial Group (NYSE: LNC) reported second quarter 2022 net income of $238 million, or $1.34 per diluted share, down from $642 million, or $3.34 per share in Q2 2021. The adjusted operating EPS was $2.23, impacted by $(0.42) from pandemic claims. Book value per share (BVPS) decreased 53% to $53.97 due to higher interest rates, while BVPS, excluding AOCI, rose 5% to $79.49. Capital returned to shareholders totaled $177 million, including $100 million in share buybacks. Positive developments include robust sales and improved Group Protection results.
Lincoln Financial Group's 2021 Retirement Power® study reveals significant shifts in financial attitudes among Black Americans due to the pandemic. 55% of Black employees have re-evaluated their financial priorities, compared to 44% of the total population. Notably, 45% have set a budget for expenses, and 40% are focusing on retirement savings. While awareness of financial goal-setting is rising, debt remains a pressing concern, with 85% viewing it as a problem. Lincoln is committed to supporting financial security and has launched initiatives aimed at fostering diversity and inclusion in wealth management.
Lincoln Financial Group (NYSE:LNC) has appointed Kate Feather as Senior Vice President, Head of Employee Experience and Talent Development, and Michael Kellar as Senior Vice President, Head of Talent. Both will join the Corporate Leadership Group, reporting to Jen Warne, Chief People Officer. Feather's focus will be on shaping employee experience and enhancing talent management, while Kellar will lead talent acquisition and succession planning. These changes aim to strengthen Lincoln's people strategy and improve overall organizational capability as of July 2022.
Lincoln Financial Group (NYSE:LNC) will release its second quarter earnings on August 3, 2022, after market close. A conference call is set for August 4, 2022, at 10:00 a.m. Eastern Time. Investors can access the earnings materials on the company's Investor Relations page at www.lincolnfinancial.com/investor. The conference call will be streamed live on the company website with a replay available by 1:00 p.m. Eastern Time on the same day.
Lincoln Financial (NYSE: LNC) highlights the growing need for long-term care planning as costs increase, with assisted living averaging over $51,000 annually. The company emphasizes the importance of having a care plan, with only 20% of Americans prepared. Their MoneyGuard Market Advantage® Conversation Catalyst tool aids customers in understanding care options and financial aspects. Lincoln aims to evolve through customer-centric tools and investment in data and technology to enhance care planning support.
Lincoln Financial Group (NYSE: LNC) applauds Philadelphia and the Eagles for winning the bid to host several 2026 FIFA World Cup matches. Since 2003, Lincoln Financial has sponsored Lincoln Financial Field, home of the Eagles, and extended their naming rights to 2032. CEO Ellen G. Cooper expressed excitement about this partnership and the fan experience ahead. Lincoln is also committed to community initiatives, including the Eagles Autism Challenge, aimed at raising funds for autism research and care.
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