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 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%.
Lincoln Financial Group has announced a partnership with Philadelphia Eagles star quarterback Jalen Hurts, focusing on promoting financial wellness through brand content and community engagement. This collaboration extends Lincoln's 20-year relationship with the Philadelphia Eagles, which includes naming rights to Lincoln Financial Field.
Hurts, known for his leadership on and off the field, launched the Jalen Hurts Foundation in 2024 to support underserved Philadelphia communities. The partnership will align with Lincoln Financial Foundation's mission of building stronger communities through financial wellness, youth education, and human services.
Both foundations will collaborate to support non-profit organizations that share their objectives, furthering their commitment to community outreach and philanthropic efforts in Philadelphia and other key cities.
Lincoln Financial Group (NYSE: LNC) has published its latest Market Intel Exchange report, detailing key market trends and insights. The analysis emphasizes investment considerations during election years, noting that the S&P 500's average return during election years since 1928 is 11.5%, slightly lower than the overall average. In 2023, stocks rose over 15% in the first half, with S&P 500 companies reporting strong earnings growth. The report stresses that the Federal Reserve's actions are based on economic data, not political events. Key economic indicators such as growth, inflation, consumer behavior, and labor market trends are tracked to anticipate the Fed's next moves. Lincoln Financial continues to serve as a trusted source for economic insights, leveraging its partnerships and expert team to assist financial professionals and clients.
Lincoln Financial Group (NYSE:LNC) announced that it will release its Q2 2024 financial results on August 1, 2024, at 6:00 a.m. Eastern Time. A conference call is scheduled for the same day at 8:00 a.m. Eastern Time. The earnings materials, including the Earnings Release, Earnings Supplement, and Statistical Supplement, will be accessible via the company's Investor Relations webpage. The conference call will be streamed live on Lincoln's website, with a replay available by 10:00 a.m. Eastern Time on August 1, 2024. Future earnings releases are scheduled for October 31, 2024 (Q3) and February 6, 2025 (Q4 and full year 2024).
Lincoln Financial Group (NYSE:LNC) has released its 2023 Corporate Social Responsibility (CSR) report, named 'The Power of Us.' The report spans activities from January 1 to December 31, 2023, and highlights Lincoln's efforts in financial protection, environmental sustainability, and social governance. Key achievements include $9 million in charitable donations benefiting over 1.5 million people, a 40% increase in volunteer hours, and the launch of a new employee development platform called myCareer. Lincoln also earned recognition as one of America's Most Responsible Companies and achieved significant reductions in greenhouse gas emissions. The company invested $3.9 billion in responsible investments designed to advance social and environmental benefits.
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