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Lincoln National Corp. - LNC STOCK NEWS

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.

Rhea-AI Summary

Lincoln Financial Group reports a significant shift in employee attitudes towards financial wellness in their recent 2021 Retirement Power® study. Nearly 80% of U.S. workers are reevaluating their financial priorities, with 69% of retirement plan participants intending to save more. As financial anxiety rises, 72% express interest in guaranteed income products. Employers can play a crucial role by offering financial resources, which 86% of users report positively impacts their financial health.

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Lincoln Financial Group (NYSE: LNC) has released new research indicating that 26% of Hispanic consumers feel motivated about financial planning. Despite this motivation, 73% prioritize immediate expenses over long-term financial goals. Key findings include 39% aiming to save for emergencies and 67% reassessing their financial future due to the COVID-19 pandemic. Experts recommend setting savings goals, prioritizing financial planning, and consulting professionals to improve financial outcomes. Lincoln Financial aims to support Hispanics with tools and education for better financial security.

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Lincoln Financial Group (NYSE:LNC) released its 2020 Corporate Social Responsibility (CSR) report, showcasing significant contributions to employee and community well-being amid COVID-19 and social justice challenges. Key highlights include over $10 million in donations to local nonprofits, aiding 1.5 million people in food insecurity, and launching Community Connections for critical resources. The company also developed an action plan for racial equity and scored 100% on the Corporate Equality Index. Lincoln continues to prioritize community support and sustainability initiatives amidst evolving challenges.

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Lincoln Financial Group (NYSE:LNC) plans to announce its Q3 2021 earnings after the market closes on November 3, 2021. A conference call is scheduled for November 4, 2021, at 10:00 a.m. ET, where the earnings release and statistical supplement will be accessible through the company's investor relations webpage. Participants must pre-register for phone access. The audio replay of the call will be available from 1:00 p.m. ET on November 4 to 12:00 p.m. ET on November 11.

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Lincoln Financial Group (NYSE: LNC) has announced a new agreement with Talcott Resolution Life Insurance Company to reinsure up to $1.5 billion in sales of its variable annuity living benefit rider. The reinsurance covers business issued between April 1, 2021 and June 30, 2022. This transaction aligns with Lincoln's strategy to enhance value for shareholders, maintain growth in the variable annuity sector, and will not affect its commitments to distribution partners and policyholders.

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Lincoln Financial Group (NYSE: LNC) has entered a reinsurance agreement with Security Life of Denver Insurance Company, managing $9.4 billion in reserves. This transaction will generate approximately $1.2 billion in capital, with roughly $900 million earmarked for share repurchases, enhancing shareholder value. Additionally, this deal is expected to improve adjusted operating earnings per share by about 5% and support return on equity (ROE) growth in 2022. The agreement closes without regulatory hurdles and focuses on maintaining quality business relationships.

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Lincoln Financial Group (NYSE:LNC) announced that CEO Dennis R. Glass will present at the Barclays Virtual Global Financial Services Conference on September 13, 2021, at approximately 3:30 p.m. ET. During this session, Mr. Glass will engage in a question-and-answer format discussing various industry and company topics. The live webcast will be accessible at www.lfg.com/webcast and will be available for replay for 30 days post-event. Lincoln Financial aims to empower over 17 million customers with financial solutions.

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Lincoln Financial Group (NYSE:LNC) announced that Randy J. Freitag, CFO, will present at the KBW Virtual Insurance Conference on September 9, 2021, at approximately 9:10 a.m. Eastern Time. The session will include a Q&A covering various industry and company topics. The live webcast can be accessed at www.lfg.com/webcast, with a replay available for 30 days after the event.

As of June 30, 2021, Lincoln Financial managed approximately $324 billion in account values, demonstrating strong commitment to financial solutions.

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Lincoln Financial Group conducted a Consumer Sentiment Study revealing that 60% of Americans are reassessing their financial futures due to COVID-19. Notably, 25% of millennials acknowledged an increased importance in funding life insurance. The study highlights life insurance as a top financial asset, alongside emergency savings and retirement accounts. Key findings indicate 83% prioritize beneficiary amounts, while 57% of millennials value policies with cash value. The company emphasizes the critical role of life insurance in securing financial futures as Life Insurance Awareness Month approaches.

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Lincoln Financial Group (NYSE: LNC) announced a leadership transition, with Ellen Cooper set to become the new President and CEO after the 2022 Annual Meeting. Dennis Glass, the current CEO, will take on the role of Board Chair. Cooper, who has significant experience in the life insurance sector, will also join the board alongside William H. Cunningham, who will become the lead independent director. This executive shift reflects the company's commitment to long-term succession planning and growth as it continues to deliver solid financial results.

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FAQ

What is the current stock price of Lincoln National (LNC)?

The current stock price of Lincoln National (LNC) is $31 as of December 20, 2024.

What is the market cap of Lincoln National (LNC)?

The market cap of Lincoln National (LNC) is approximately 5.2B.

What does Lincoln National Corp. specialize in?

Lincoln National Corp. specializes in insurance and retirement solutions, including annuities, life insurance, and group protection.

What types of annuities does Lincoln National Corp. offer?

The company offers fixed and indexed annuities, as well as variable annuities.

Where does Lincoln National Corp. provide service support?

Lincoln National Corp. offers service support in Slovenia, Croatia, Italy, and globally through its partner network.

What recent projects has Lincoln National Corp. undertaken?

Recent projects include enhancing digital platforms and launching new insurance products with greater flexibility and coverage options.

Who are Lincoln National Corp.'s target clients?

The company targets individuals, employers, and professionals looking for comprehensive insurance and retirement solutions.

How does Lincoln National Corp. ensure customer satisfaction?

The company focuses on innovation, customer service enhancements, and strong partnerships to deliver high-quality products and services.

What is the financial condition of Lincoln National Corp.?

Lincoln National Corp. maintains a strong financial standing with consistent revenue and investments in technology and customer service.

What types of life insurance products does Lincoln National Corp. offer?

The company offers universal life, variable universal life, indexed universal life, and term life insurance.

What group protection products are available from Lincoln National Corp.?

Group protection products include group life, disability, and dental insurance.

Who does Lincoln National Corp. partner with for marine services?

Lincoln National Corp. partners with Zodiac Milpro, providing solutions for professionals working on the water.

Lincoln National Corp.

NYSE:LNC

LNC Rankings

LNC Stock Data

5.23B
169.70M
0.31%
74.88%
2.45%
Insurance - Life
Life Insurance
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United States of America
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