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 partnered with Morgan State University to enhance diversity in its workforce through professional development competitions. The first competition involved mentoring MSU students, resulting in internship offers and scholarships. The second, a coding event, has successfully recruited talent for Lincoln's IT organization. This collaboration aims to strengthen recruiting efforts among diverse student populations, providing them with practical experience and opportunities in the financial sector.
Lincoln Financial Group (NYSE:LNC) announced that Dennis R. Glass, President and CEO, along with Ellen Cooper, CEO-elect, will present at the Bank of America Securities Insurance Conference on February 15, 2022, at 8:45 a.m. Eastern Time. They will engage in a Q&A session on various industry and company topics. The live webcast is available at www.lfg.com/webcast, and a replay will be accessible for 30 days post-event. Lincoln Financial Group serves over 17 million customers with $324 billion in end-of-period account values as of December 31, 2021.
Lincoln Financial Group's research shows that couples who discuss retirement significantly enhance their financial outcomes. Participants who engage in these conversations contribute nearly twice as much to their retirement plans and feel eight times more confident about retiring. The company outlines three essential strategies: envisioning their ideal retirement lifestyle, setting clear retirement goals, and working with financial professionals. This proactive approach can lead to improved savings habits and valuable financial insights, ultimately fostering better retirement preparedness.
Lincoln Financial Group (NYSE: LNC) reported a fourth quarter 2021 net income of $220 million or $1.20 per share, up from $143 million or $0.74 in Q4 2020. Adjusted income from operations was $286 million ($1.56/share), down from $346 million ($1.78/share) year-over-year. Full-year net income reached $1.4 billion ($7.43/share), compared to $499 million ($2.56/share) in 2020. The company repurchased $650 million in shares and reported a decline in book value per share, including AOCI, of 3%. Life Insurance sales surged 121% in Q4. However, Group Protection sustained a loss driven by pandemic-related impacts.
Lincoln Financial Network has partnered with CHIP Professionals to improve access for Black and Latinx financial professionals and consumers. This collaboration utilizes CHIP’s innovative platform to connect users with financial experts suited to their needs. The AAFPN aims to bolster diversity within financial services, focusing on outreach and education. The partnership is part of Lincoln’s broader commitment to diversity, equity, and inclusion, enhancing opportunities for marginalized financial professionals.
Lincoln Financial Group has launched the Lincoln AssetEdge® VUL (2022), an accumulation-focused Variable Universal Life insurance policy aimed at providing tax-advantaged cash value growth and a cost-effective death benefit. With a surge in VUL policy sales, the new product offers enhanced investment options and features such as the Enhanced Allocation Rider, which allows for S&P option purchases to boost policy value. Clients can choose from over 75 investment options, including two Fidelity AIM® Dividend Index accounts, ensuring flexible investment alignment with financial goals.
Lincoln Financial Group (NYSE: LNC) has launched a new mobile-enabled participant website aimed at enhancing user experience and financial engagement for retirement planning. This site features tools like the My Target tool for personalized income estimates, easy-to-understand investment graphs, and an intuitive navigation system. The redesign aims to meet evolving participant needs, encouraging active engagement with their retirement accounts. With over 17 million customers, the company emphasizes its commitment to helping employees navigate financial wellness amidst growing concerns about retirement savings.
Lincoln Financial Group (NYSE:LNC) will report its fourth quarter earnings on February 2, 2022, after market close. A conference call is scheduled for February 3, 2022, at 10:00 a.m. Eastern Time. Earnings materials will be available on the company's Investor Relations page. Participants can join the live webcast on the company website, and phone participants need to pre-register. A replay of the call will be accessible by 1:00 p.m. Eastern Time on the same day and available until February 10, 2022.
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