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 disclose its fourth quarter 2022 earnings on February 8, 2023, after market closure. A subsequent conference call is set for February 9, 2023, at 10:00 a.m. ET. Earnings materials will be accessible through their Investor Relations page post-results. The conference call will be available via webcast, with a replay following by 1:00 p.m. ET on the same day.
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Lincoln Financial Group (NYSE:LNC) announced that Ellen G. Cooper, CEO, will present at the Goldman Sachs U.S. Financial Services Conference on December 7, 2022, at 10:00 a.m. ET. The presentation will include a Q&A session on various company topics. A live webcast will be available at www.lfg.com/webcast, with a replay accessible for 30 days post-event. Lincoln Financial Group serves around 16 million customers with $270 billion in account values as of September 30, 2022.
Lincoln Financial Group (NYSE: LNC) highlights significant gaps in long-term care planning among Americans during Long-Term Care Awareness Month. A recent survey shows that 47% of respondents are caregivers or expect to be, yet only 16% are familiar with coverage solutions. Alarmingly, less than 20% have begun their planning. Lincoln emphasizes the importance of understanding long-term care costs, as 70% of adults who reach 65 will need severe care. The company encourages open discussions about preferences and financial planning for long-term care to secure better futures.
Lincoln Financial Group (NYSE: LNC) launched the Lincoln ProtectedPaySM lifetime income suite on November 21, aimed at providing income for life amid economic uncertainty. This suite offers six income options with guaranteed growth of 6% for future income, investment flexibility, and protected payments in retirement. With only 31% of Americans confident in their retirement savings, this initiative addresses the growing concerns of pre-retirees. Investors can access these products through broker-dealers and registered investment advisors.
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Lincoln Financial Group (NYSE: LNC) has announced the pricing of two public offerings: 500,000 depositary shares of its 9.250% Fixed Rate Reset Non-Cumulative Preferred Stock, Series C, and 20 million depositary shares of its 9.000% Non-Cumulative Preferred Stock, Series D. Each offering expects gross proceeds of $500 million. The Series D Preferred Stock will be listed on the New York Stock Exchange under the symbol 'LNC PRD.' Proceeds will be used to repay part of its 4.00% Senior Notes due September 1, 2023, and for general corporate purposes.
Lincoln Financial Network (LFN) announced the onboarding of financial experts Scott LoPresti and Dean DiPierro, who bring nearly $500 million in client assets. The duo boasts 30 years of combined experience in financial planning, previously at LPL Financial and Ameritas Investment Corp. Operating from Croton-on-Hudson, New York, they will continue their independent wealth management practice under LFN's support. Their expertise aims to enhance wealth management services and client support, aligning with LFN's strategic goals.