Lincoln Natl Corp Ind Stock Price, News & Analysis

Lincoln Financial Group (NYSE: LNC) has released new research indicating that 26% of Hispanic consumers feel motivated about financial planning. Despite this motivation, 73% prioritize immediate expenses over long-term financial goals. Key findings include 39% aiming to save for emergencies and 67% reassessing their financial future due to the COVID-19 pandemic. Experts recommend setting savings goals, prioritizing financial planning, and consulting professionals to improve financial outcomes. Lincoln Financial aims to support Hispanics with tools and education for better financial security.

Lincoln Financial Group (NYSE:LNC) released its 2020 Corporate Social Responsibility (CSR) report, showcasing significant contributions to employee and community well-being amid COVID-19 and social justice challenges. Key highlights include over $10 million in donations to local nonprofits, aiding 1.5 million people in food insecurity, and launching Community Connections for critical resources. The company also developed an action plan for racial equity and scored 100% on the Corporate Equality Index. Lincoln continues to prioritize community support and sustainability initiatives amidst evolving challenges.

Lincoln Financial Group (NYSE:LNC) plans to announce its Q3 2021 earnings after the market closes on November 3, 2021. A conference call is scheduled for November 4, 2021, at 10:00 a.m. ET, where the earnings release and statistical supplement will be accessible through the company's investor relations webpage. Participants must pre-register for phone access. The audio replay of the call will be available from 1:00 p.m. ET on November 4 to 12:00 p.m. ET on November 11.

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.