Lincoln National Corp. - LNC STOCK NEWS

Ellen G. Cooper has officially become the president and CEO of Lincoln Financial Group (NYSE: LNC), marking her as the first woman and the tenth leader in the company's 117-year history. Cooper, who was previously CEO-elect since August 2021, brings over a decade of experience in various executive roles. She succeeds Dennis R. Glass, who now serves as chairman. Under her leadership, Lincoln aims to enhance financial security for over 16 million customers while leveraging a robust investment strategy overseeing $300 billion in assets.

Lincoln Financial Group (NYSE:LNC) announced a quarterly cash dividend of $0.45 per share, payable on August 1, 2022, to shareholders recorded as of July 11, 2022. With approximately $308 billion in end-of-period account values as of March 31, 2022, Lincoln Financial serves about 16 million customers, providing solutions for retirement, insurance, and wealth protection. The firm emphasizes its commitment to sustainability, diversity, and ethical practices, having been recognized in major sustainability indices.

Lincoln Financial Group (NYSE: LNC) has appointed Stephen Turer as the new senior vice president and head of the Annuity business, effective July 1, 2022. Turer succeeds Brian Kroll, who is retiring after 40 years in the industry, including 18 at Lincoln. Turer's extensive experience includes leadership roles in pricing and valuation for annuity products. As of March 31, 2022, Lincoln Financial reported $308 billion in account values, reflecting its strong market position in retirement and insurance solutions.

Lincoln Financial Group (NYSE: LNC) has expanded its partnership with the Envestnet Insurance Exchange by adding over 25 annuity products. This move aims to enhance financial professionals' ability to distribute these products efficiently. Since joining the Exchange in 2021, Lincoln has recognized its platform's growing importance. The partnership underscores Envestnet's commitment to providing advisors with essential tools for client financial wellness. Technological innovation remains central to Lincoln's strategy in the annuity market, fostering improved management and client engagement.

Lincoln Financial Group (NYSE: LNC) has launched the MoneyGuard Fixed Advantage^SM, a universal life insurance policy featuring a long-term care rider. This product aims to address concerns of 87% of Americans about long-term care. The plan includes a Benefit Transfer Rider that enhances death and care benefits by leveraging death claim proceeds from another policy. Additional features include extended Flexible Care Cash benefits available seven days a week, providing greater access to cash for care needs, reinforcing Lincoln's commitment to innovative long-term care solutions.

Lincoln Financial Group (NYSE:LNC) will hold its annual shareholder meeting on May 27, 2022, at 9:00 a.m. Eastern Time in Philadelphia. The event details and materials are accessible on their Investor Relations web page. The company, headquartered in Radnor, Pennsylvania, reported $308 billion in end-of-period account values as of March 31, 2022. Lincoln Financial is recognized for its commitment to sustainability and diversity.

Lincoln Financial Group (NYSE:LNC) has launched Lincoln WealthPreserve® 2 Survivorship Indexed Universal Life (SIUL), enabling couples and business partners to insure two lives within one policy. This product offers guaranteed death benefits, growth potential, and various optional features to meet estate planning needs. Key benefits include tax-free death benefits, cost-of-living protection via a Supplemental Increase Rider, and extended coverage options. This offering is part of the growing demand for SIULs, which saw nearly 70% sales growth in 2021.

Lincoln Financial Group (NYSE: LNC) has promoted Kerry Brooks to Senior Vice President of Group Benefits Account Management and Carl Jones to Senior Vice President of Group Benefits Sales. Both are now members of Lincoln's Corporate Leadership Group. This move aims to enhance the organization’s broker partnerships and improve employer client services. Brooks, with over 25 years in group benefits, and Jones, with 20 years, will focus on strategies that address employee needs for benefits that aid in attracting and retaining talent.

Lincoln Financial Group (NYSE: LNC) reported a first-quarter 2022 net income of $104 million, or $0.58 per diluted share, down from $225 million, or $1.16 per diluted share, in 2021. Adjusted operating EPS was $1.66, reflecting pandemic-related claims impacts. The company returned $480 million to shareholders, including $400 million in buybacks. Key developments included 2% growth in annuities and 36% increase in life insurance sales. However, book value per share fell by 16% to $85.59, while the total loss ratio in Group Protection rose to 88% due to non-pandemic-related claims.