Lincoln Natl Corp Ind Stock Price, News & Analysis

Lincoln Financial (NYSE: LNC) has announced the pricing terms for its previously announced cash tender offer for various series of its outstanding securities. The tender offer includes several series of Senior Notes and Subordinated Securities with maturities ranging from 2030 to 2067. The company has accepted securities with a total value of approximately $518.9 million for purchase.

Holders who validly tendered their securities by the Early Tender Deadline (May 23, 2025) will receive the Total Tender Offer Consideration, which includes a $30 per $1,000 Early Tender Premium. The early settlement date is expected to be May 29, 2025. Due to oversubscription, securities were accepted based on Acceptance Priority Levels, with proration factors applied to certain series.

Valmark Advisers and Lincoln Financial (NYSE: LNC) have expanded their partnership by adding three new TOPS® ETF Portfolios to Lincoln's Variable Universal Life (VUL) products. Effective May 12, 2025, the TOPS® Conservative, Growth, and Aggressive Growth ETF Portfolios will be available in Lincoln AssetEdge® VUL and SVUL policies. This expansion builds on their existing collaboration since 2019, which previously offered TOPS® Balanced and Moderate Growth ETF Portfolios. Valmark Advisers, a pioneer in ETF management since 2002, currently manages approximately $10.6 billion in Assets Under Management and Advisement. The expanded portfolio offerings aim to provide VUL policyholders with more options across the risk spectrum, from conservative bond-oriented allocations to aggressive growth strategies.

Lincoln Financial (NYSE: LNC) announced the early results of its cash tender offer and increased the maximum aggregate purchase price from $375M to $420M. As of May 23, 2025, $812.8M in Securities had been validly tendered, including $264.4M in Subordinated Securities. Due to exceeding the Aggregate Offer Cap, LNC doesn't expect to accept Securities tendered after the Early Tender Deadline. The tender offer includes various series of notes: 4.375% Senior Notes (2050), 4.350% Senior Notes (2048), Capital Securities (2067, 2066), Subordinated Notes (2067, 2066), 3.050% Senior Notes (2030), and 3.400% Senior Notes (2032). Accepted Securities holders will receive the Total Tender Offer Consideration, including a $30 per $1,000 Early Tender Premium. The settlement date is expected to be May 29, 2025.

Lincoln Financial (NYSE:LNC) has announced a quarterly cash dividend of $0.45 per share on its common stock. The dividend will be paid on August 1, 2025, to shareholders who are on record as of July 10, 2025. This dividend declaration by the board of directors maintains the company's commitment to returning value to shareholders through regular dividend payments.

Lincoln Financial (NYSE: LNC) has appointed Tom Anfuso as Senior Vice President and Chief Technology Officer. Anfuso will be responsible for providing strategic direction and vision for IT infrastructure at Lincoln, focusing on addressing current and future business needs. He will report to Jennifer Charters, EVP and CIO, and join the company's Corporate Leadership Group.

Anfuso brings over 30 years of technology and engineering experience, previously serving as Managing Director and CTO at JPMorgan Chase, where he led technology integration for acquired companies in Chase's Connected Commerce division. The appointment aligns with Lincoln Financial's commitment to investing in technology for innovation and growth opportunities.

Lincoln Financial (NYSE: LNC) has launched Lincoln WealthBuilderSM ECV IUL, an accumulation-focused indexed universal life insurance product with early cash value benefits. This product is the second addition to their Elite Indexed Universal Life Portfolio, following the March 2025 launch of Lincoln WealthBuilder IUL.

The new product features early cash value benefits in the base policy and two additional Early Cash Value Endorsement options. It's specifically designed for premium financing and business cases, helping reduce collateral requirements and allowing business owners to fund life insurance with minimal balance sheet impact. The product includes S&P 500® enhanced volatility-controlled Indexes for cash value and death benefit protection.

As of March 31, 2025, Lincoln Financial managed $312 billion in end-of-period account balances and serves approximately 17 million customers across annuities, life insurance, group protection, and retirement plan services.

Lincoln Financial (LNC) has announced a cash tender offer for multiple series of its outstanding securities, with an aggregate purchase cap of $375 million. The offer includes various Senior Notes and Subordinated Securities, with a sub-cap of $220 million for Subordinated Securities. The tender offer expires on June 10, 2025, with an early tender deadline of May 23, 2025.

The company plans to fund the offer through the exercise of its issuance right under a Facility Agreement with Belrose Funding Trust, issuing $500 million of 2.330% Senior Notes due 2030. Additionally, Lincoln Financial intends to access new contingent liquidity through the issuance of new Pre-Capitalized Trust Securities Redeemable May 15, 2055, enhancing and extending its contingent capital structure.

Lincoln Financial (NYSE:LNC) has announced its 2025 Annual Meeting of Shareholders will be held virtually on Thursday, May 22, 2025, at 9:00 a.m. Eastern Time. The meeting will be accessible via live audio webcast at www.virtualshareholdermeeting.com/LNC2025. Only shareholders of record as of March 17, 2025, will be eligible to attend and participate.

Shareholders will need a 16-digit control number found in their proxy materials to access the meeting. The virtual platform will open for check-in at 8:45 a.m. ET. Questions can be submitted in advance through www.proxyvote.com until May 21, 2025, at 5:00 p.m. ET. A recording of the meeting will be available until the 2026 Annual Meeting.

Lincoln Financial (LNC) reported mixed Q1 2025 results with a net loss of $(756) million ($(4.41) per share), but improved adjusted operating income of $280 million ($1.60 per share). The net loss was primarily due to a $0.9 billion after-tax loss from market risk benefits. Key highlights include: Group Protection earnings increased 26% YoY with margin expanding 120bps to 7.4%. Annuities generated $3.8 billion in sales (+33% YoY) with spread-based products comprising 60%. Life Insurance improved with a reduced operating loss of $16 million. Retirement Plan Services saw total deposits increase 8% to $4.1 billion. The company announced a strategic partnership with Bain Capital, including a minority investment expected to close in H2 2025. The RBC ratio remains above target, supporting growth initiatives despite market volatility.