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 (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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Lincoln Financial Group (NYSE:LNC) has announced the immediate resignation of Jamie Ohl. Richard “Dick” Mucci, former president of the company’s Group Protection business, will temporarily lead both the Group Protection and Retirement Plan Services divisions. He will report to CEO-Elect Ellen Cooper and ensure operational continuity until a permanent leader is appointed. Cooper expressed confidence in the leadership teams' ability to maintain growth during this transition, emphasizing their commitment to delivering excellent service to clients.
Lincoln Financial Group (NYSE: LNC) has been recognized by Ethisphere as one of the 2022 World’s Most Ethical Companies. The company stands out as one of only six honorees in the Financial Services sector, highlighting its commitment to ethics, compliance, and governance practices across 22 countries and 45 industries. CEO Dennis R. Glass emphasized that the recognition reflects their corporate culture and ethical standards, which he credits to their dedicated workforce of over 11,000 employees. This accolade positions Lincoln Financial as a leader in ethical business practices.
Lincoln Financial Group (NYSE: LNC) has appointed Adam Cohen as its new Chief Accounting Officer. Cohen previously served as CFO at Archwell Holdings LLC, where he managed finance and accounting operations. His experience includes 13 years at Ernst & Young, focusing on insurance clients. Adam expressed enthusiasm for joining Lincoln, recognizing its role in helping people achieve financial goals. Lincoln Financial Group, headquartered in Radnor, Pennsylvania, serves over 17 million customers and reported $324 billion in account values as of December 31, 2021.
Lincoln Financial Group (NYSE: LNC) is introducing a new investment option for its Lincoln Level Advantage® indexed variable annuity, featuring the First Trust American Leadership Index™, which targets U.S. companies leading in technology and economic stability. This offering enhances investors' ability to achieve growth and diversification, aligning with a growing trend as total annuity sales surged by 16% in 2021, the highest since 2008. Since its launch in May 2018, Lincoln Level Advantage has amassed over $13 billion in lifetime sales, making it a top product in the indexed variable annuity market.
Lincoln Financial Group (NYSE: LNC) has announced the introduction of the 1 Year BlackRock Dynamic Allocation Participation Plus account as part of its Lincoln OptiBlend fixed indexed annuity contracts. This account aims to boost asset growth potential, aligning with the financial goals of 67% of surveyed investors prioritizing growth. The account is linked to two indexed accounts tied to the BlackRock Dynamic Allocation Index, enhancing global, diversified multi-asset exposure. The new offering is positioned to empower clients with better financial strategies.
Lincoln Financial Group (NYSE:LNC) declared a quarterly cash dividend of $0.45 per share on common stock, payable on May 2, 2022, to shareholders of record as of April 11, 2022. This reflects the company’s commitment to returning value to shareholders. As of December 31, 2021, Lincoln Financial reported end-of-period account values totaling $324 billion, highlighting its significant market presence and stability.