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 expanded its Lincoln OptiBlend® fixed indexed annuity, incorporating the BlackRock Dynamic Allocation Index. This strategic move aims to provide investors with greater portfolio diversification and daily volatility control, addressing concerns about stock market fluctuations. With nearly 50% of pre-retirees worried about market volatility, the new index offers a tailored investment approach to safeguard assets while pursuing retirement goals. The partnership with BlackRock enhances product offerings for clients seeking innovative financial solutions.
Lincoln Financial Group (NYSE: LNC) has announced the appointment of Dale LeFebvre and Janet Liang as new directors, expanding the board from eleven to thirteen members, effective November 1, 2021. LeFebvre is the founder of 3.5.7.11 and has extensive experience in private equity and investment. Liang currently serves as executive vice president at Kaiser Foundation Health Plan and has a strong background in healthcare leadership. The chairman of Lincoln Financial Group expressed confidence that their expertise will enhance growth and shareholder value.
Lincoln Financial Group (NYSE:LNC) has declared a quarterly cash dividend of $0.42 per share on its common stock. Shareholders of record at the close of business on October 11, 2021 will receive this dividend, payable on November 1, 2021. As of June 30, 2021, the company reported $324 billion in end-of-period account values, showcasing its strong financial standing. Lincoln Financial Group serves more than 17 million customers, providing retirement, insurance, and wealth protection solutions.
Lincoln Financial Group (NYSE: LNC) announced the successful tender of capital securities as part of its exchange offers. As of August 9, 2021, a total of $562,034,000 of Subordinated Notes due 2066 and $432,743,000 of Subordinated Notes due 2067 are expected to be issued. The tender represented approximately 77.79% and 88.19% of the respective capital securities outstanding. The settlement date for the exchange is anticipated on August 11, 2021, subject to customary conditions. The company aims to enhance liquidity and strengthen its balance sheet through this transaction.
Lincoln Financial Group (NYSE: LNC) reported a net income of $642 million for Q2 2021, equating to $3.34 per diluted share, significantly up from a net loss of $(94) million in Q2 2020. Adjusted income from operations reached a record $608 million, or $3.17 per diluted share, compared to $187 million, or $0.97 per share, last year. Key segments showed revenue growth, with annuity sales up 28% at $3.2 billion and Retirement Plan Services up 21% at $2.8 billion. The company also repurchased 5.2 million shares at $305 million, enhancing shareholder value.
AM Best has assigned a Long-Term Issue Credit Rating of “bbb+” (Good) to Lincoln National Corporation (LNC) for its subordinated notes, with a stable outlook. LNC is offering a par-for-par exchange of its existing capital securities for higher-ranking notes due in 2066 and 2067. The new subordinated notes will rank senior to the existing capital securities, which will be subordinate in payment rights. LNC's financial leverage and interest coverage ratios adhere to AM Best’s guidelines for its ratings, ensuring stability for investors.
Lincoln Financial Group (NYSE: LNC) has launched Lincoln PathBuilder IncomeSM powered by YourPath®, a new in-plan solution aimed at providing guaranteed monthly income for retirement savers. With over 70% of retirement plan participants showing interest in guaranteed income options, this product integrates with existing risk-based target-date portfolios. Features include 'auto income' to enhance retirement readiness, flexibility for participants, and beneficiary protection. This initiative reflects a growing demand for secure income in retirement planning.
New research from Lincoln Financial Group (NYSE:LNC) indicates that one in four employed adults feel they are behind in retirement savings. Most employed U.S. adults (93%) express a desire to enhance their financial status, yet significant challenges persist. In 2020, 24% of participants reduced retirement contributions and 17% accessed loans or withdrawals from their plans. Notably, more than 60% of those unable to afford their ideal retirement seek help in budgeting and financial goal-setting. Lincoln Financial emphasizes the importance of having the right benefits and offers steps to improve financial fitness.
Lincoln Financial Securities (LFS) has announced a partnership with AIMCOR EIG to enhance the integration of insurance products in financial planning. This collaboration aims to provide financial professionals and their clients with improved access to a variety of insurance solutions. LFS emphasizes the need for compliant and creative insurance planning, addressing heightened regulations in the industry. AIMCOR EIG brings significant resources, including over 300 personnel and regional offices, to support financial professionals in promoting insurance adoption among clients.
Lincoln Financial Group (NYSE: LNC) has initiated exchange offers for its capital securities, allowing holders to trade them for higher-ranking subordinated notes. The capital securities will rank junior to the new notes, which will be issued at a 1:1 ratio. The current outstanding capital securities total approximately $1.2 billion. The exchange offers commence on July 7, 2021, and conclude on August 9, 2021. In addition, the company is seeking consents to amend terms of the existing indentures governing the capital securities, requiring majority approval from holders for any changes.
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