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 launched the MoneyGuard Fixed AdvantageSM, 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
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.
Lincoln Financial Group (NYSE:LNC) has appointed Matthew Grove as Executive Vice President, overseeing Individual Life & Annuities and Lincoln Financial Network starting July. Grove, who brings 25 years of experience in financial services including positions at Resolution Life USA and New York Life, will report to CEO-Elect Ellen Cooper. His role aims to enhance product design, optimize management, and grow advisor channels. This strategic appointment is expected to bring innovation and strengthen Lincoln's market position.
According to a recent survey by Lincoln Financial Group (NYSE: LNC), 93% of small business owners have re-evaluated their strategies due to the impact of COVID-19. Employee benefits have emerged as a top priority, with over 80% of owners recognizing their significance in enhancing culture and morale. The survey also reveals that 28% of small businesses are upgrading benefits like life insurance and retirement plans to attract talent. However, 72% find multi-employer benefits attractive due to their cost-saving potential and ease of management.
Lincoln Financial Group has launched the Stacy Brown Memorial IT Scholarship, honoring the late employee and fraternity brother. This scholarship aims to support diverse students from North Carolina pursuing education in IT fields such as computer science and cybersecurity. The annual award of $25,000 will be given to a deserving Black or African American student from the region attending a four-year accredited institution. The first recipient will be announced in June 2022.
Lincoln Financial (NYSE: LNC) emphasizes the importance of financial wellness in a recent study indicating that 80% of employees prefer household chores over managing their finances. The company offers practical tips for financial cleaning in various areas of life, encouraging discussions with loved ones and financial professionals. Notable statistics reveal that 78% would rather clean kitchen appliances than assess life insurance needs, and 57% prefer dusting over retirement calculations. Lincoln highlights tools and resources for achieving financial security and wellness.
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