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) will announce its first quarter earnings after market close on May 9, 2023. A conference call will follow on May 10, 2023, at 10:00 a.m. ET. Earnings materials will be accessible on their Investor Relations page post-announcement. As of December 31, 2022, Lincoln Financial reported $282 billion in end-of-period account values, serving around 16 million customers. The company's commitment to sustainability and ethical practices is evidenced by its inclusion in the Dow Jones Sustainability Index and recognition as one of Ethisphere’s World’s Most Ethical Companies.
A recent study by Lincoln Financial Group reveals that 72% of women are actively setting financial goals this year, focusing on areas like income increase (48%), debt reduction (45%), budgeting (42%), and emergency savings (40%). The research emphasizes that women should adopt a holistic approach to financial wellness, evaluating their overall financial health rather than isolating individual goals. Furthermore, 71% of women are seeking financial advice, with interests in retirement savings (33%) and budgeting (29%). This indicates a growing awareness and commitment among women to enhance their financial security.
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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.