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.
A consortium of leading retirement firms, including Lincoln Financial Group, has launched the Income America 5ForLife, a new in-plan target date series offering guaranteed income for life. This solution aims to assist retirement plan participants in transitioning from accumulation to decumulation stages. A recent consumer study shows over 70% of workers favor guaranteed income products in employer-sponsored plans. The initiative addresses concerns about outliving retirement funds, with a projected annual payment based on a guaranteed income base upon reaching age 65. The solution is designed to meet regulatory compliance and provide lower fees.
Lincoln Financial Group (NYSE:LNC) announced that CFO Randy J. Freitag will present at the RBC Capital Markets Virtual Global Financials Conference on March 9, 2021, at 9:20 a.m. ET. The session will include Q&A on various industry and company-specific topics. Interested participants are encouraged to visit www.lfg.com/webcast at least 15 minutes early to register and download necessary software. A replay will be available for 30 days after the event. Lincoln Financial serves over 17 million customers and had $303 billion in account values as of December 31, 2020.
Lincoln Financial Group (NYSE: LNC) announced partnerships with The HistoryMakers and UNCF as part of its $1-million commitment to advance racial equity. The initiative includes preserving African American historical records and creating internship programs for Black students. Key actions include enhancing minority recruitment through HBCUs, launching leadership development aimed at increasing minority representation, and developing a framework to tie leadership compensation to diversity goals. Lincoln aims to foster discussions on race within the organization and support Black communities through philanthropic efforts.
Lincoln Financial Group (NYSE: LNC) has introduced two new variable universal life insurance products: Lincoln VULONE and Lincoln Survivorship VULONE. These offerings feature customizable guaranteed minimum death benefit options, allowing clients to tailor policies to their needs, including a new Bonus Rider for enhanced cash value growth. The suite includes over 75 market-driven investment options and an optional Long-Term Care Rider for those concerned about future expenses. This initiative aligns with Lincoln's strategy to provide flexible financial solutions for diverse client needs.
Lincoln Financial Group (NYSE:LNC) reports a shift in U.S. financial engagement due to COVID-19, with 79% of full-time employed adults changing their financial planning approach. 93% are motivated to improve their finances. To meet this demand, Lincoln introduces WellnessPATH®, a financial wellness tool for Group Benefits customers, facilitating employee financial management. The tool includes personalized assessments and resources, addressing financial stress, which impacts employee productivity. As 39% of workers cite money concerns hindering performance, financial wellness programs are now essential for employers.
Lincoln Financial Group (NYSE:LNC) declared a quarterly cash dividend of $0.42 per share on common stock, payable on May 3, 2021, to shareholders of record by the close of business on April 12, 2021. This move reflects the company's commitment to returning value to shareholders even amid challenging market conditions.
As of December 31, 2020, Lincoln Financial had $303 billion in account values, demonstrating robust financial health.
Lincoln Financial Group (NYSE: LNC) has launched MoneyGuard Market AdvantageSM, a variable universal life insurance policy that includes a long-term care rider. This product aims to assist the 87% of Americans who value long-term care planning for their financial future. It provides flexible funding options, guaranteed protection, and the potential for growth through over 40 investment choices. The policy supports both facility and home care, allowing clients to tailor their coverage. It emphasizes early planning for long-term care, helping consumers prepare financially and emotionally.
Lincoln Financial Group (NYSE:LNC) announced that CEO Dennis R. Glass will present at the Bank of America Securities Virtual Insurance Conference on February 10, 2021, at 9:50 a.m. ET. The session will include a Q&A covering industry and company-specific topics. Interested participants can view the live presentation at www.lfg.com/webcast, with a replay available for 30 days after the event. Lincoln Financial Group provides financial solutions to over 17 million customers, with $303 billion in account values as of December 31, 2020.
Lincoln Financial Group (NYSE: LNC) reported a fourth-quarter 2020 net income of $143 million ($0.74/share), down from $431 million ($2.15/share) in Q4 2019. For the full year, net income was $499 million ($2.56/share), compared to $886 million ($4.38/share) in 2019. Adjusted income from operations also fell sharply. Despite challenges from the pandemic, the company noted improved operating revenues and an enhanced expense ratio. Book value per share rose to $118.02, an 18% increase year-over-year. Optimism for 2021 is backed by expected sales growth and capital returns to shareholders.
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