Lincoln Natl Corp Ind Stock Price, News & Analysis

Lincoln Financial Group (NYSE:LNC) will hold its annual shareholder meeting on May 27, 2022, at 9:00 a.m. Eastern Time in Philadelphia. The event details and materials are accessible on their Investor Relations web page. The company, headquartered in Radnor, Pennsylvania, reported $308 billion in end-of-period account values as of March 31, 2022. Lincoln Financial is recognized for its commitment to sustainability and diversity.

Lincoln Financial Group (NYSE:LNC) has launched Lincoln WealthPreserve® 2 Survivorship Indexed Universal Life (SIUL), enabling couples and business partners to insure two lives within one policy. This product offers guaranteed death benefits, growth potential, and various optional features to meet estate planning needs. Key benefits include tax-free death benefits, cost-of-living protection via a Supplemental Increase Rider, and extended coverage options. This offering is part of the growing demand for SIULs, which saw nearly 70% sales growth in 2021.

Lincoln Financial Group (NYSE: LNC) has promoted Kerry Brooks to Senior Vice President of Group Benefits Account Management and Carl Jones to Senior Vice President of Group Benefits Sales. Both are now members of Lincoln's Corporate Leadership Group. This move aims to enhance the organization’s broker partnerships and improve employer client services. Brooks, with over 25 years in group benefits, and Jones, with 20 years, will focus on strategies that address employee needs for benefits that aid in attracting and retaining talent.

Lincoln Financial Group (NYSE: LNC) reported a first-quarter 2022 net income of $104 million, or $0.58 per diluted share, down from $225 million, or $1.16 per diluted share, in 2021. Adjusted operating EPS was $1.66, reflecting pandemic-related claims impacts. The company returned $480 million to shareholders, including $400 million in buybacks. Key developments included 2% growth in annuities and 36% increase in life insurance sales. However, book value per share fell by 16% to $85.59, while the total loss ratio in Group Protection rose to 88% due to non-pandemic-related claims.

Lincoln Financial Group (NYSE:LNC) has appointed Matthew Grove as Executive Vice President, overseeing Individual Life & Annuities and Lincoln Financial Network starting July. Grove, who brings 25 years of experience in financial services including positions at Resolution Life USA and New York Life, will report to CEO-Elect Ellen Cooper. His role aims to enhance product design, optimize management, and grow advisor channels. This strategic appointment is expected to bring innovation and strengthen Lincoln's market position.

According to a recent survey by Lincoln Financial Group (NYSE: LNC), 93% of small business owners have re-evaluated their strategies due to the impact of COVID-19. Employee benefits have emerged as a top priority, with over 80% of owners recognizing their significance in enhancing culture and morale. The survey also reveals that 28% of small businesses are upgrading benefits like life insurance and retirement plans to attract talent. However, 72% find multi-employer benefits attractive due to their cost-saving potential and ease of management.

Lincoln Financial Group has launched the Stacy Brown Memorial IT Scholarship, honoring the late employee and fraternity brother. This scholarship aims to support diverse students from North Carolina pursuing education in IT fields such as computer science and cybersecurity. The annual award of $25,000 will be given to a deserving Black or African American student from the region attending a four-year accredited institution. The first recipient will be announced in June 2022.

Lincoln Financial (NYSE: LNC) emphasizes the importance of financial wellness in a recent study indicating that 80% of employees prefer household chores over managing their finances. The company offers practical tips for financial cleaning in various areas of life, encouraging discussions with loved ones and financial professionals. Notable statistics reveal that 78% would rather clean kitchen appliances than assess life insurance needs, and 57% prefer dusting over retirement calculations. Lincoln highlights tools and resources for achieving financial security and wellness.