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) highlights living benefits of life insurance during Life Insurance Awareness Month amid economic concerns. Recent research shows that while 70% of life insurance owners feel financially secure, only 50% of American adults have life insurance. Key issues include inflation, market volatility, and tax planning, with many consumers unprepared for potential changes. Life insurance offers cash value access, tax-deferred growth, and income tax-free death benefits, vital for financial security. Lincoln emphasizes the importance of consulting financial professionals for future planning.
Lincoln Financial Group (NYSE: LNC) will host a conference call on September 21, 2022, at 2:30 p.m. Eastern Time to discuss the initial impact of the new accounting standard, Targeted Improvements for Long-Duration Contracts (LDTI). A presentation will be available on their Investor Relations webpage before the market opens. The live webcast will be accessible on their website, and a replay will be available by 5:00 p.m. Eastern Time on the same day.
Lincoln Financial Group (NYSE: LNC) has introduced the LVIP Channing Small Cap Value Fund as a standalone investment option within its Lincoln ChoicePlus and Investor Advantage annuity suites. This fund, managed by Channing Capital Management, focuses on small-cap stocks that typically fall within the Russell 2000 Value Index. The fund is designed to enhance investment diversity and aims for strong risk-adjusted returns. Lincoln's efforts align with its commitment to diversity, equity, and inclusion in investment strategies.
Lincoln Financial Group (NYSE:LNC) announced that its president and CEO, Ellen G. Cooper, will present at the Barclays Global Financial Services Conference on September 14, 2022, at approximately 11:15 a.m. Eastern Time. Ms. Cooper will engage in a question-and-answer session discussing various industry and company-specific topics. Investors can access the live presentation at www.lfg.com/webcast, with a replay available for 30 days following the event.
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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