Welcome to our dedicated page for Lincoln Natl Ind news (Ticker: LNC), a resource for investors and traders seeking the latest updates and insights on Lincoln Natl Ind stock.
Lincoln National Corporation reports developments across insurance and retirement businesses marketed as Lincoln Financial, including annuities, life insurance, group protection, and retirement plan services. Recurring updates cover earnings performance by business line, sales trends in retirement and protection products, capital actions, and dividends on common stock and Series D preferred depositary shares.
Company news also includes product launches such as fixed indexed annuity income solutions, technology integrations that connect broker platforms with Lincoln systems for policy, RFP, and quoting workflows, and leadership or governance developments affecting operating units. Coverage reflects the company’s role as a diversified provider of retirement income, workplace benefits, and life insurance products.
Lincoln Financial Group (NYSE: LNC) announced the appointment of Heather Deichler as senior vice president of Group Benefit Product and Underwriting in its Workplace Solutions division. With a commitment to delivering innovative product offerings, Deichler aims to enhance customer and claimant experiences while managing profit and loss. Previously, she led MoneyGuard® Business Management at Lincoln and has extensive experience in the insurance industry, including significant roles at New York Life. This strategic appointment is expected to strengthen Lincoln's market position and product development capabilities.
Lincoln Financial Network (LFN) has announced the addition of financial planners Andy Andrews and Joe Dankowski from Heritage Financial Consultants (HFC), enhancing its wealth management capabilities. With over $200 million in client assets managed throughout their careers, the duo aims to leverage LFN's resources to improve client service. Andrews, based in Naples, Florida, brings 8 years of experience managing approximately $100 million in assets, while Dankowski, located in Hunt Valley, Maryland, offers 23 years of experience with $105 million managed. This expansion reflects LFN's commitment to growing its advisory network.
Lincoln Financial Group (NYSE: LNC) has enhanced its MoneyGuard® suite with Real-Time Approval for underwriting, allowing clients to receive approval in as little as 20 minutes. This feature is available for customers aged 60 and under applying for MoneyGuard Market Advantage® and MoneyGuard Fixed Advantage® policies. Additionally, MoneyGuard Market Advantage® has expanded its availability to location value="LS/us.ca"California, providing comprehensive long-term care coverage. A recent study shows that 59% of consumers fear relying on loved ones for long-term care, emphasizing the need for effective solutions like these.
Lincoln Financial Group has released findings from its Consumer Sentiment Tracker, revealing that only 2% of Americans understand tax-efficient financial solutions, despite a third prioritizing tax-reducing investments. To address this knowledge gap, Lincoln outlines five strategies: 1) Contributing to workplace retirement accounts; 2) Understanding annuities for lifetime income; 3) Preparing for unexpected long-term care costs; 4) Diversifying portfolios with life insurance; and 5) Collaborating with financial professionals. David Berkowitz highlights the importance of tax-efficient investing amid market volatility and inflation, emphasizing the need for clear financial planning.
Lincoln Financial Group (NYSE:LNC) declared a quarterly cash dividend of $0.45 per share, payable on May 1, 2023, to shareholders of record by April 10, 2023. As of December 31, 2022, the company reported $282 billion in end-of-period account values, reflecting its robust financial management. This dividend highlights Lincoln's commitment to delivering value to its shareholders amidst a stable financial backdrop.
Lincoln Financial Group (NYSE: LNC) and BPAS have announced a strategic partnership to introduce PensionEase, an integrated defined benefit (DB) administration solution. This initiative aims to enhance the customer experience for employers and their employees with both defined contribution (DC) and DB plans. BPAS will manage DB administration including recordkeeping and participant services, benefiting over 45,000 participants currently served by Lincoln Financial. This collaboration highlights Lincoln's commitment to comprehensive retirement solutions and superior customer experiences.
Lincoln Financial Group (NYSE: LNC) announced the appointment of Christen White as senior vice president of Group Benefit Claims. With over 20 years of experience, White previously held a similar role at MetLife, overseeing claims and call center operations. Her focus at Lincoln will be on enhancing customer service and implementing best practices in claim management. This leadership change aims to strengthen the claims team's effectiveness, as highlighted by James Reid, executive vice president. Lincoln Financial serves approximately 16 million customers, managing $282 billion in account values as of December 31, 2022.
Lincoln Financial Group (NYSE: LNC) expressed gratitude to the Philadelphia Eagles for their commendable season, acknowledging the team's dedication and memorable moments despite not winning the Super Bowl. The company has been the stadium sponsor of Lincoln Financial Field since 2003 and is involved in various community initiatives, including the Eagles Autism Challenge. The partnership reflects Lincoln's commitment to community engagement. As of December 31, 2022, Lincoln Financial reported $282 billion in account values, demonstrating its strong financial standing and focus on providing financial solutions that empower customers in their financial journeys.
Lincoln Financial Group (NYSE:LNC) has announced the declaration of preferred stock dividends. A semi-annual dividend of $635.9375 per share will be paid on its 9.250% Fixed Rate Reset Non-Cumulative Preferred Stock, Series C, with a payment of $25.4375 per depositary share. Additionally, a quarterly dividend of $618.75 per share will be distributed for the 9.000% Non-Cumulative Preferred Stock, Series D, translating to $0.61875 per depositary share (LNC,PRD). These dividends are payable on March 1, 2023, with a record date of February 18, 2023.
Lincoln Financial Group (NYSE: LNC) reported a net income of $6 million or $0.01 per diluted share for Q4 2022, a significant drop from $220 million or $1.20 per share in Q4 2021. The full-year net loss was $(2.2) billion, or $(13.10) per share, compared to a net income of $1.4 billion, or $7.43 per share, in 2021. Adjusted operating EPS fell to $0.97 from $1.56 year-over-year. Book value per share decreased 84% to $18.41, driven by higher treasury rates affecting unrealized gains. While annuity sales rose 1% year-over-year, total revenues decreased to $18.8 billion from $19.2 billion in 2021.