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) reported a Q3 2021 net income of $318 million, or $1.68 EPS, down from $398 million or $2.01 EPS in Q3 2020. Adjusted operating EPS was $1.62, impacted by notable items including pandemic-related claims. The company returned $279 million to shareholders, including $200 million in share repurchases. Book value per share rose 2% to $113.77. The board approved a quarterly dividend increase to $0.45, payable February 1, 2022. Notable segments showed increased revenues, with annuity sales up 7% to $2.7 billion.
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Lincoln Financial Group (NYSE: LNC) has appointed Shantanu Mishra as its new Corporate Treasurer, effective immediately. Mishra has over 20 years of experience and has been with the company since 2010, contributing significantly to liquidity management and banking relationships. Randy Freitag, CFO, expressed confidence in Mishra's ability to further enhance the company's financial strategies. Lincoln Financial serves over 17 million customers and reported $311 billion in account values as of March 31, 2021.
Lincoln Financial Group (NYSE: LNC) has promoted Talbert Thomas to senior vice president of IT Strategy, Operations and Finance. In this role, he will oversee IT strategy, finance, and operations, while advancing the company's digital capabilities. Notably, Lincoln received an Impact Award from Novarica for a digital initiative that generated $50 million in net benefits within 24 months. This continued focus on technology aims to enhance customer experience and meet evolving needs.
Lincoln Financial Group reports a significant shift in employee attitudes towards financial wellness in their recent 2021 Retirement Power® study. Nearly 80% of U.S. workers are reevaluating their financial priorities, with 69% of retirement plan participants intending to save more. As financial anxiety rises, 72% express interest in guaranteed income products. Employers can play a crucial role by offering financial resources, which 86% of users report positively impacts their financial health.
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.