Lincoln Natl Corp Ind Stock Price, News & Analysis

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.

Lincoln Financial Group (NYSE: LNC) announced the successful tender of capital securities as part of its exchange offers. As of August 9, 2021, a total of $562,034,000 of Subordinated Notes due 2066 and $432,743,000 of Subordinated Notes due 2067 are expected to be issued. The tender represented approximately 77.79% and 88.19% of the respective capital securities outstanding. The settlement date for the exchange is anticipated on August 11, 2021, subject to customary conditions. The company aims to enhance liquidity and strengthen its balance sheet through this transaction.

Lincoln Financial Group (NYSE: LNC) reported a net income of $642 million for Q2 2021, equating to $3.34 per diluted share, significantly up from a net loss of $(94) million in Q2 2020. Adjusted income from operations reached a record $608 million, or $3.17 per diluted share, compared to $187 million, or $0.97 per share, last year. Key segments showed revenue growth, with annuity sales up 28% at $3.2 billion and Retirement Plan Services up 21% at $2.8 billion. The company also repurchased 5.2 million shares at $305 million, enhancing shareholder value.

AM Best has assigned a Long-Term Issue Credit Rating of “bbb+” (Good) to Lincoln National Corporation (LNC) for its subordinated notes, with a stable outlook. LNC is offering a par-for-par exchange of its existing capital securities for higher-ranking notes due in 2066 and 2067. The new subordinated notes will rank senior to the existing capital securities, which will be subordinate in payment rights. LNC's financial leverage and interest coverage ratios adhere to AM Best’s guidelines for its ratings, ensuring stability for investors.

Lincoln Financial Group (NYSE: LNC) has launched Lincoln PathBuilder Income^SM powered by YourPath^®, a new in-plan solution aimed at providing guaranteed monthly income for retirement savers. With over 70% of retirement plan participants showing interest in guaranteed income options, this product integrates with existing risk-based target-date portfolios. Features include 'auto income' to enhance retirement readiness, flexibility for participants, and beneficiary protection. This initiative reflects a growing demand for secure income in retirement planning.

New research from Lincoln Financial Group (NYSE:LNC) indicates that one in four employed adults feel they are behind in retirement savings. Most employed U.S. adults (93%) express a desire to enhance their financial status, yet significant challenges persist. In 2020, 24% of participants reduced retirement contributions and 17% accessed loans or withdrawals from their plans. Notably, more than 60% of those unable to afford their ideal retirement seek help in budgeting and financial goal-setting. Lincoln Financial emphasizes the importance of having the right benefits and offers steps to improve financial fitness.

Lincoln Financial Securities (LFS) has announced a partnership with AIMCOR EIG to enhance the integration of insurance products in financial planning. This collaboration aims to provide financial professionals and their clients with improved access to a variety of insurance solutions. LFS emphasizes the need for compliant and creative insurance planning, addressing heightened regulations in the industry. AIMCOR EIG brings significant resources, including over 300 personnel and regional offices, to support financial professionals in promoting insurance adoption among clients.

Lincoln Financial Group (NYSE: LNC) has initiated exchange offers for its capital securities, allowing holders to trade them for higher-ranking subordinated notes. The capital securities will rank junior to the new notes, which will be issued at a 1:1 ratio. The current outstanding capital securities total approximately $1.2 billion. The exchange offers commence on July 7, 2021, and conclude on August 9, 2021. In addition, the company is seeking consents to amend terms of the existing indentures governing the capital securities, requiring majority approval from holders for any changes.