Lincoln Natl Corp Ind Stock Price, News & Analysis

Lincoln Financial Group (NYSE: LNC) has announced a new agreement with Talcott Resolution Life Insurance Company to reinsure up to $1.5 billion in sales of its variable annuity living benefit rider. The reinsurance covers business issued between April 1, 2021 and June 30, 2022. This transaction aligns with Lincoln's strategy to enhance value for shareholders, maintain growth in the variable annuity sector, and will not affect its commitments to distribution partners and policyholders.

Lincoln Financial Group (NYSE: LNC) has entered a reinsurance agreement with Security Life of Denver Insurance Company, managing $9.4 billion in reserves. This transaction will generate approximately $1.2 billion in capital, with roughly $900 million earmarked for share repurchases, enhancing shareholder value. Additionally, this deal is expected to improve adjusted operating earnings per share by about 5% and support return on equity (ROE) growth in 2022. The agreement closes without regulatory hurdles and focuses on maintaining quality business relationships.

Lincoln Financial Group (NYSE:LNC) announced that CEO Dennis R. Glass will present at the Barclays Virtual Global Financial Services Conference on September 13, 2021, at approximately 3:30 p.m. ET. During this session, Mr. Glass will engage in a question-and-answer format discussing various industry and company topics. The live webcast will be accessible at www.lfg.com/webcast and will be available for replay for 30 days post-event. Lincoln Financial aims to empower over 17 million customers with financial solutions.

Lincoln Financial Group (NYSE:LNC) announced that Randy J. Freitag, CFO, will present at the KBW Virtual Insurance Conference on September 9, 2021, at approximately 9:10 a.m. Eastern Time. The session will include a Q&A covering various industry and company topics. The live webcast can be accessed at www.lfg.com/webcast, with a replay available for 30 days after the event.

As of June 30, 2021, Lincoln Financial managed approximately $324 billion in account values, demonstrating strong commitment to financial solutions.

Lincoln Financial Group conducted a Consumer Sentiment Study revealing that 60% of Americans are reassessing their financial futures due to COVID-19. Notably, 25% of millennials acknowledged an increased importance in funding life insurance. The study highlights life insurance as a top financial asset, alongside emergency savings and retirement accounts. Key findings indicate 83% prioritize beneficiary amounts, while 57% of millennials value policies with cash value. The company emphasizes the critical role of life insurance in securing financial futures as Life Insurance Awareness Month approaches.

Lincoln Financial Group (NYSE: LNC) announced a leadership transition, with Ellen Cooper set to become the new President and CEO after the 2022 Annual Meeting. Dennis Glass, the current CEO, will take on the role of Board Chair. Cooper, who has significant experience in the life insurance sector, will also join the board alongside William H. Cunningham, who will become the lead independent director. This executive shift reflects the company's commitment to long-term succession planning and growth as it continues to deliver solid financial results.

Lincoln Financial Group (NYSE: LNC) has expanded its Lincoln OptiBlend^® fixed indexed annuity, incorporating the BlackRock Dynamic Allocation Index. This strategic move aims to provide investors with greater portfolio diversification and daily volatility control, addressing concerns about stock market fluctuations. With nearly 50% of pre-retirees worried about market volatility, the new index offers a tailored investment approach to safeguard assets while pursuing retirement goals. The partnership with BlackRock enhances product offerings for clients seeking innovative financial solutions.

Lincoln Financial Group (NYSE: LNC) has announced the appointment of Dale LeFebvre and Janet Liang as new directors, expanding the board from eleven to thirteen members, effective November 1, 2021. LeFebvre is the founder of 3.5.7.11 and has extensive experience in private equity and investment. Liang currently serves as executive vice president at Kaiser Foundation Health Plan and has a strong background in healthcare leadership. The chairman of Lincoln Financial Group expressed confidence that their expertise will enhance growth and shareholder value.

Lincoln Financial Group (NYSE:LNC) has declared a quarterly cash dividend of $0.42 per share on its common stock. Shareholders of record at the close of business on October 11, 2021 will receive this dividend, payable on November 1, 2021. As of June 30, 2021, the company reported $324 billion in end-of-period account values, showcasing its strong financial standing. Lincoln Financial Group serves more than 17 million customers, providing retirement, insurance, and wealth protection solutions.