Lincoln National Corp. - LNC STOCK NEWS

Lincoln Financial (NYSE: LNC) has launched a new tool in collaboration with PERKY to assist parents in planning for parental and bonding leaves. This digital offering, part of Lincoln's workplace benefits solutions, provides personalized guidance for growing families and supports employers in their leave planning process.

The PERKY Leave tool offers features such as on-demand pre-claims information, self-serve planning, an interactive calendar, and Lincoln-specific action items for employees. It aims to help parents understand their benefits, explore options, and create optimal leave plans.

This initiative addresses the needs of the 90% of employees who value personalized, digital guidance for workplace benefits. It also aligns with research showing that over 50% of employees who understand their benefits well are more satisfied with them.

Lincoln Financial (NYSE: LNC) announced the passing of board member Michael F. Mee. CEO Ellen Cooper and Lead Independent Director Bill Cunningham expressed deep sadness and praised Mee's invaluable service to the company. Mee, who most recently chaired the Compensation Committee, had a distinguished career including roles as CFO of Bristol-Myers Squibb and senior positions at Wang Laboratories, Norton Co., Monsanto, and Chrysler.

Mee held an MBA from the University of Minnesota and served on the Board of Overseers of its Carlson School of Management. He was also a Director of Ferro from 2001 to 2010. The company extended condolences to Mee's family, acknowledging his significant contributions to Lincoln's mission of providing financial protection and security to millions of Americans.

Lincoln Financial (NYSE: LNC) has unveiled a brand refresh, emphasizing its commitment to customers' financial futures while honoring its 120-year heritage. The refresh includes:

• A new logo featuring Abraham Lincoln gazing into an orange horizon, symbolizing a forward-thinking approach
• A new tagline: "Your tomorrow. Our priority."

CEO Ellen Cooper stressed the company's focus on financial protection and security. The brand update reflects Lincoln Financial's core values of honesty, trust, and integrity. Implementation will occur gradually over several years, with no changes to strategy or product offerings. The refresh aims to sharpen the visual representation of the company's purpose and mark its next chapter in financial services.

Lincoln Financial Group (NYSE:LNC) has announced a quarterly cash dividend of $0.45 per share on the 's common stock. The dividend will be payable on November 1, 2024 to shareholders of record at the close of business on October 10, 2024. This announcement demonstrates Lincoln National 's commitment to returning value to its shareholders through regular dividend payments. The declaration of a dividend is often seen as a positive sign of a company's financial health and confidence in its future prospects.

Lincoln Financial Group (NYSE: LNC) has introduced new grief support services for Group Life insurance beneficiaries, going beyond the traditional claims process. The service, provided by Empathy, offers comprehensive support to help families navigate both logistical and emotional challenges following a loss. This includes assistance with estate settlement, will execution, and other administrative tasks that typically consume about 20 hours per week for families over a year.

The new service is automatically available to all Lincoln Group Life insurance customers and their beneficiaries. It provides on-demand, personalized support through a dedicated care manager, customized care plans, probate and estate settlement guidance, and various tools and resources to assist with tasks like closing accounts and creating obituaries.

Lincoln Financial Group (NYSE: LNC) has expanded its Lincoln PathBuilder Income® powered by YourPath® product line, adding a lifetime income guarantee to an underlying asset allocation investment fund. This expansion addresses the growing demand for guaranteed retirement income options, as evidenced by Lincoln's 2023 Wellness@Work study. The study revealed that 35% of participants would increase contributions if offered a guaranteed retirement income option, and 72% of non-participants would be encouraged to join a plan with such an option.

The new lifetime income balanced fund option offers participants guaranteed lifetime payments, market protection, potential for higher income in rising markets, and flexibility to access their underlying account value. This addition enhances Lincoln's suite of in-plan guaranteed lifetime income products, providing more flexibility, choice, and customization for plan sponsors and participants.

Lincoln Financial Group (NYSE: LNC) has been named a Workday Innovation Partner, aiming to enhance benefits administration for joint customers. The partnership integrates Lincoln's LincSmart InsurTech solution with Workday Human Capital Management (HCM), offering features like:

• Real-time absence updates
• Simplified billing
• Enrollment optimization
• Streamlined evidence of insurability process

This collaboration addresses the growing demand for personalized, digital benefits experiences, with 90% of workers valuing such solutions. The partnership aligns with employer expectations, as 90% plan to increase or maintain reliance on third-party benefits technology in the next five years.

Lincoln Financial Group (NYSE:LNC) has announced dividend declarations for its preferred stock. The board of directors has declared a semi-annual dividend of $1,156.25 per share on the 9.250% Fixed Rate Reset Non-Cumulative Preferred Stock, Series C, with holders receiving $46.25 per depositary share. Additionally, a quarterly dividend of $562.50 per share was declared on the 9.000% Non-Cumulative Preferred Stock, Series D, with holders receiving $0.5625 per depositary share. Both dividends will be payable on September 1, 2024, to shareholders of record as of August 15, 2024. The ex-dividend date is set for August 14, 2024.

Lincoln Financial Group (NYSE: LNC) reported its Q2 2024 results. Net income was $884 million, or $5.11 per diluted share, benefiting by $436 million from the sale of its wealth management business. Adjusted operating income was $319 million, or $1.84 per diluted share. Group Protection saw operating income of $130 million, up 19% YoY, and Annuities reported $297 million in operating income, a 10% increase YoY. Retirement Plan Services had an operating income of $40 million but down 15% YoY. Life Insurance faced an operating loss of $35 million, compared to $33 million in the prior-year quarter. Lincoln’s RBC ratio was above 420%.