Lincoln Natl Corp Ind Stock Price, News & Analysis

New research from OnePoll, commissioned by Lincoln Financial Group, reveals that 32% of Americans prefer retirement account contributions on their holiday wish lists. The study of 2,000 participants indicates that 80% are reconsidering holiday spending due to the pandemic, with 53% reallocating funds towards savings. A significant 78% acknowledge a shift in financial planning priorities, emphasizing family, health, and financial security. The findings suggest a growing concern for long-term financial wellness amidst ongoing economic uncertainty.

Lincoln Financial Group (NYSE:LNC) announces that CEO Dennis R. Glass will present at the Goldman Sachs Virtual U.S. Financial Services Conference on December 9, 2020, at 8:40 a.m. ET. The presentation will include a Q&A session on various industry topics. Interested participants can access the live broadcast at www.lfg.com/webcast, with a replay available for 30 days post-event. Lincoln Financial Group serves over 17 million customers and reported $281 billion in account values as of September 30, 2020.

Lincoln Financial Group (NYSE: LNC) has appointed Al Copersino as vice president and Head of Investor Relations. Reporting to Chris Giovanni, he will shape the company’s investor relations strategy and manage communication with shareholders and analysts. Copersino joins from Columbia Threadneedle Investments, where he led the financial services research team for eight years. His academic credentials include a B.A. in Chemistry from the University of Virginia, an M.B.A. from Wharton, and a J.D. from the University of Pennsylvania Law School.

Lincoln Financial Group is launching innovative life insurance products focusing on 'living benefits,' addressing consumer demand for policies that offer benefits during the insured's lifetime. The new Indexed Universal Life (IUL) products, Lincoln WealthAccumulate® and Lincoln WealthPreserve®, promise enhanced cash value growth while providing security against market volatility. A new Long-Term Care Rider is also available, facilitating access to funds for long-term care expenses. This initiative aligns with trends showing increased consumer interest in flexible insurance solutions.

Lincoln Financial Group has announced the launch of new life insurance products that emphasize 'living benefits' aimed at meeting consumers’ growing interest in policies that provide utility during their lifetime. Key offerings include a revamped Indexed Universal Life (IUL) policy, Lincoln WealthAccumulate®, designed for cash value growth, and an innovative Lincoln WealthPreserve® IUL with protection against market losses. Additionally, a Long-Term Care Rider is introduced to address potential LTC expenses. These products aim to enhance financial planning amidst consumer concerns regarding market volatility.

Lincoln Financial Group (NYSE:LNC) has been chosen by First Merchants Bank to provide its 401(k) defined contribution retirement plans, serving 2,200 participants with approximately $170 million in retirement savings. This partnership emphasizes Lincoln's focus on personalized service and technology, helping employees enhance their financial wellness. The company's WellnessPATH solution offers participants valuable tools for financial planning, while retirement consultants provide educational support. Lincoln aims to improve participants' retirement outcomes through effective strategies and resources.

Lincoln Financial Group (NYSE: LNC) reported a net income of $398 million for Q3 2020, translating to $2.01 per diluted share, a significant recovery from a net loss of $(161) million in Q3 2019. Adjusted loss from operations stood at $(133) million, worsened from $(46) million in the prior year due to unfavorable notable items totaling $552 million. The company announced a 5% increase in its quarterly dividend to $0.42 per share, payable on February 1, 2021. Average account values rose by 7% to $279 billion, reflecting a positive growth outlook despite pandemic-related challenges.