Lincoln National Corp. - LNC STOCK NEWS

Lincoln Financial Group (NYSE: LNC) announced the appointments of Jayson Bronchetti as Chief Investment Officer and Chris Neczypor as Chief Strategy Officer, both effective immediately. Bronchetti will oversee over $300 billion in assets, while Neczypor will lead corporate development and long-term strategic planning. These changes align with the upcoming transition of Ellen Cooper to President and CEO in May 2022. Both Bronchetti and Neczypor bring over 20 years of industry experience, enhancing Lincoln's leadership for future growth.

Lincoln Financial Group highlights the increasing importance of long-term care planning amidst ongoing caregiver challenges. With nearly half of Americans expected to become caregivers, 70% of them feel overwhelmed. The PR emphasizes the need for family discussions on care preferences, with 96% of Americans agreeing on its importance. Despite the growing costs of care, less than 20% have made financial plans for it. Creating a long-term care plan can ease financial stress for 70% of caregivers, and 93% believe proactive planning would reduce transition stress.

Lincoln Financial Group (NYSE: LNC) announced the launch of a new spread crediting strategy for its indexed variable annuity, Lincoln Level Advantage^®, starting November 22, 2021. This strategy offers investors uncapped growth potential while safeguarding their assets. The product aims to support pre-retirees in their financial planning, enhancing the flexibility of investment options. With over $12 billion in lifetime sales since its May 2018 launch, Lincoln Level Advantage is a leading choice in the market.

Lincoln Financial Group (NYSE: LNC) announced an increase in its securities repurchase authorization to $1.5 billion. This allows for ongoing share repurchases and debt reduction, aligning with previously discussed reinsurance plans. The repurchase program has no expiration and will depend on key capital ratios and free cash flow. Share repurchases may occur through open market purchases or private transactions, and the program could be modified or halted at any time. This move aims to enhance shareholder value and financial flexibility.

Lincoln Financial Network has appointed Jerry Lezynski as Vice President of Marketing. With over 30 years in the industry, he will enhance omni-channel marketing strategies for financial professionals. David Berkowitz, president of LFN, emphasized LFN's commitment to supporting financial practices. Lezynski brings extensive experience from SEI Investments, specializing in product marketing and digital-first strategies. Lincoln Financial Group, parent company of LFN and traded under the ticker LNC, offers a range of financial services to affluent clients in the U.S.

Lincoln Financial Group (NYSE: LNC) reported a Q3 2021 net income of $318 million, or $1.68 EPS, down from $398 million or $2.01 EPS in Q3 2020. Adjusted operating EPS was $1.62, impacted by notable items including pandemic-related claims. The company returned $279 million to shareholders, including $200 million in share repurchases. Book value per share rose 2% to $113.77. The board approved a quarterly dividend increase to $0.45, payable February 1, 2022. Notable segments showed increased revenues, with annuity sales up 7% to $2.7 billion.

Lincoln Financial Group (NYSE: LNC) has appointed Shantanu Mishra as its new Corporate Treasurer, effective immediately. Mishra has over 20 years of experience and has been with the company since 2010, contributing significantly to liquidity management and banking relationships. Randy Freitag, CFO, expressed confidence in Mishra's ability to further enhance the company's financial strategies. Lincoln Financial serves over 17 million customers and reported $311 billion in account values as of March 31, 2021.

Lincoln Financial Group (NYSE: LNC) has promoted Talbert Thomas to senior vice president of IT Strategy, Operations and Finance. In this role, he will oversee IT strategy, finance, and operations, while advancing the company's digital capabilities. Notably, Lincoln received an Impact Award from Novarica for a digital initiative that generated $50 million in net benefits within 24 months. This continued focus on technology aims to enhance customer experience and meet evolving needs.