Welcome to our dedicated page for Lincoln Natl Ind news (Ticker: LNC), a resource for investors and traders seeking the latest updates and insights on Lincoln Natl Ind stock.
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) 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.
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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.
Lincoln Financial Group (NYSE:LNC) will report its first quarter earnings on Wednesday, May 4, 2022, after market close. A conference call is scheduled for Thursday, May 5, 2022, at 10:00 a.m. Eastern Time. Earnings materials, including the Earnings Release and Statistical Supplement, will be accessible on the company’s Investor Relations web page following the earnings announcement. Lincoln Financial Group, with over $324 billion in account values as of December 31, 2021, offers financial solutions for retirement, insurance, and wealth protection.
Lincoln Financial Group has appointed Darrel Tedrow as Senior Vice President, Mergers and Acquisitions and Jim Tierney as Senior Vice President, Strategy. Both will report to Chief Strategy Officer Chris Neczypor. The appointments aim to enhance long-term strategic planning and drive growth through potential mergers and acquisitions. Tedrow, with over 15 years at Lincoln, will focus on growth opportunities, while Tierney will develop innovative strategies that align with the company's objectives. Both executives join Lincoln’s Corporate Leadership Group.
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