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.
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.
Lincoln Financial Group (NYSE:LNC) will report its first quarter earnings after market close on May 5, 2021, with a conference call scheduled for May 6, 2021, at 10:00 a.m. ET. Earnings materials will be available on their Investor Relations webpage, www.lfg.com/investor, post market hours. The conference call will be accessible live via www.lfg.com/webcast. A replay will also be available after the call. As of December 31, 2020, Lincoln Financial had $303 billion in end-of-period account values.
On March 18, 2021, SS&C Technologies Holdings announced that a consortium of top retirement firms has chosen SS&C Retirement Solutions to facilitate their in-plan guaranteed income product, "Income America™ 5ForLife." This solution ensures retirement participants receive guaranteed monthly income. The consortium includes American Century Investments, Lincoln Financial Group, Nationwide, and others. SS&C’s Retirement Income Clearing & Calculation Platform will streamline the product distribution across various record-keeping platforms.
Lincoln Financial Group (NYSE:LNC) announced the appointment of John Kennedy as executive vice president and president of Lincoln Financial Distributors (LFD). Kennedy joins the Senior Management Committee and reports to CEO Dennis R. Glass. Ellen Cooper expands her role to oversee the company’s Annuities business, alongside her duties as chief investment officer and head of Risk. Both executives succeed Will Fuller and Lisa Buckingham, who left for other positions. Kennedy's extensive experience in distribution is highlighted as a key asset for LFD's growth.
Lincoln Financial Group's Lincoln Level Advantage has achieved over $5 billion in sales, ranking as the top registered index-linked annuity (RILA) for 2020. Amid market volatility, 70% of investors prioritized loss protection combined with growth potential. Enhancements to the product include a new 15% protection level option and various features aimed at reducing risk and offering predictability. The overall RILA market saw a 38% increase in sales, indicating strong demand. The product is recognized for providing tailored investment strategies aligned with clients' needs.
Lincoln Financial Group (NYSE: LNC) highlights that one-third of women are struggling financially, exacerbated by the COVID-19 pandemic. The January 2021 Consumer Sentiment Tracker indicates women prioritize daily finances (71%) over long-term planning. Women faced more significant job impacts (35% vs. 28% for men) and are more likely to lack emergency savings (45%). Lincoln emphasizes the need for financial education and resources tailored to women to empower them financially.
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