Lincoln National Corp. - LNC STOCK NEWS

Lincoln Financial Group (NYSE:LNC) has announced that Randy J. Freitag, EVP and CFO, will present at the Wells Fargo Virtual Financial Services Conference on May 20, 2021, at 9:20 a.m. ET. The session will include a Q&A segment discussing various industry topics. Interested participants can access the live presentation at www.lfg.com/webcast. A replay will be available for 30 days after the event. Lincoln Financial serves over 17 million customers, managing $311 billion in accounts as of March 31, 2021.

Lincoln Financial Group (NYSE: LNC) announced that Heather Deichler, Senior Vice President and head of MoneyGuard Product Management, has earned a spot on Digital Insurance's 2021 Women in Insurance Leadership: NEXT list. This award recognizes under-40 women executives making significant contributions to the insurance industry. Deichler was acknowledged for her pivotal role in the launch of a new long-term care planning option in MoneyGuard solutions, designed for younger clients to manage their benefits effectively over time.

Lincoln Financial Group has improved its Indexed Universal Life (IUL) insurance products, enhancing investment flexibility and cash value growth. Key updates include the Fidelity AIM® Dividend Indexed Account, designed to offer guaranteed growth with a fixed bonus and market protection. The integration of recent Internal Revenue Code changes allows for more efficient cash accumulation within policies. Clients of WealthAccumulate 2 can choose from six indexed accounts, while WealthPreserve 2 offers five, providing tailored options for various financial goals.

Lincoln Financial Group reported a net income of $225 million, or $1.16 per diluted share, for Q1 2021, a significant rise from $52 million, or $0.15 per share, in Q1 2020. However, adjusted income from operations fell to $350 million or $1.82 per share, down from $465 million or $2.24 per share year-over-year. Operating revenues increased to $4.534 billion, with improvements across all business segments, though challenges from pandemic-related mortality were noted. Book value per share rose 19% to $102.50 as of March 31, 2021.

As Mother’s Day approaches, a poll by Lincoln Financial Group (NYSE: LNC) shows 40% of adult children doubt their mother's financial readiness, with only 28% discussing it last year. One-third of adults credit their mothers with teaching them about finances. Kathy Kavanaugh emphasizes the importance of mothers prioritizing their own financial security. The poll suggests key questions adult children can ask their mothers regarding retirement planning, insurance needs, and financial goals to promote discussions around financial wellness.

Lincoln Financial Foundation and The Impact Genome Project® launched the Financial Health Genome, aimed at improving financial health for low-income Americans. This initiative highlights successful nonprofit strategies to enhance financial stability, resilience, and security. With nearly 30% of low-income adults facing worsening financial conditions post-pandemic, the Financial Health Genome identifies six measurable outcomes: Current Financial Stability, Financial Resilience, Future Security, Financial Literacy, Financial Access, and Financial Self-Efficacy. The initiative supports nonprofits in maximizing their impact through evidence-based practices.

Lincoln Financial Network (NYSE:LNC) launched the African American Financial Professional Network (AAFPN), aimed at supporting the unique needs of African American financial professionals and clients. This initiative aligns with Lincoln's action plan to advance racial equity and enhance advisor development. Key objectives include increasing Black representation in the financial sector, providing mentorship, and offering financial wellness education. The AAFPN is overseen by a leadership committee of diverse professionals, addressing the isolation faced by African Americans in the industry, and fostering community support.

AM Best has affirmed the Financial Strength Rating (FSR) of A+ (Superior) and Long-Term Issuer Credit Ratings (ICR) of 'aa-' for The Lincoln National Life Insurance Company and its subsidiaries. The ratings reflect strong balance sheet strength and stable operating performance despite pandemic-related claims. Lincoln maintains significant market positions and diversified earnings sources. The company’s ratings denote a very strong assessment, with stable outlooks for its credit ratings, including senior unsecured notes and commercial paper. Earnings faced challenges from elevated claims but were partially offset by strong market performance.