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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 that Randy J. Freitag, CFO, will present at the KBW Insurance Conference on September 8, 2022, at 11:20 a.m. ET. The presentation will include a Q&A session focusing on various industry and company topics. Interested viewers can access the live webcast on the company’s website, with a replay available for 30 days post-event. As of June 30, 2022, Lincoln Financial reported $279 billion in account values, serving 16 million customers with its financial planning solutions.
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Lincoln Financial Group (NYSE:LNC) has introduced Stadion’s StoryLine Dynamic, a new Qualified Default Investment Alternative (QDIA) to support retirement planning. Tailored for participants approaching retirement, this program integrates a target date fund for younger individuals with a managed account service for those aged 50 and older. This initiative addresses a common concern, as over one-third of participants report confusion about investment choices as they age, aiming to improve retirement outcomes and engagement.
Lincoln Financial Group (NYSE:LNC) has declared a quarterly cash dividend of $0.45 per share, payable on November 1, 2022 to shareholders who are on record by October 10, 2022. This dividend reflects the company’s commitment to returning value to its shareholders. With $279 billion in end-of-period account values as of June 30, 2022, Lincoln remains a prominent player in the retirement, insurance, and wealth management sectors, serving approximately 16 million customers.
Lincoln Financial Group (NYSE: LNC) reported second quarter 2022 net income of $238 million, or $1.34 per diluted share, down from $642 million, or $3.34 per share in Q2 2021. The adjusted operating EPS was $2.23, impacted by $(0.42) from pandemic claims. Book value per share (BVPS) decreased 53% to $53.97 due to higher interest rates, while BVPS, excluding AOCI, rose 5% to $79.49. Capital returned to shareholders totaled $177 million, including $100 million in share buybacks. Positive developments include robust sales and improved Group Protection results.
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Lincoln Financial Group's 2021 Retirement Power® study reveals significant shifts in financial attitudes among Black Americans due to the pandemic. 55% of Black employees have re-evaluated their financial priorities, compared to 44% of the total population. Notably, 45% have set a budget for expenses, and 40% are focusing on retirement savings. While awareness of financial goal-setting is rising, debt remains a pressing concern, with 85% viewing it as a problem. Lincoln is committed to supporting financial security and has launched initiatives aimed at fostering diversity and inclusion in wealth management.
Lincoln Financial Group (NYSE:LNC) has appointed Kate Feather as Senior Vice President, Head of Employee Experience and Talent Development, and Michael Kellar as Senior Vice President, Head of Talent. Both will join the Corporate Leadership Group, reporting to Jen Warne, Chief People Officer. Feather's focus will be on shaping employee experience and enhancing talent management, while Kellar will lead talent acquisition and succession planning. These changes aim to strengthen Lincoln's people strategy and improve overall organizational capability as of July 2022.
Lincoln Financial Group (NYSE:LNC) will release its second quarter earnings on August 3, 2022, after market close. A conference call is set for August 4, 2022, at 10:00 a.m. Eastern Time. Investors can access the earnings materials on the company's Investor Relations page at www.lincolnfinancial.com/investor. The conference call will be streamed live on the company website with a replay available by 1:00 p.m. Eastern Time on the same day.
Lincoln Financial (NYSE: LNC) highlights the growing need for long-term care planning as costs increase, with assisted living averaging over $51,000 annually. The company emphasizes the importance of having a care plan, with only 20% of Americans prepared. Their MoneyGuard Market Advantage® Conversation Catalyst tool aids customers in understanding care options and financial aspects. Lincoln aims to evolve through customer-centric tools and investment in data and technology to enhance care planning support.