Lincoln Natl Corp Ind Stock Price, News & Analysis

Lincoln Financial (NYSE: LNC) announced the early results of its cash tender offer and increased the maximum aggregate purchase price from $375M to $420M. As of May 23, 2025, $812.8M in Securities had been validly tendered, including $264.4M in Subordinated Securities. Due to exceeding the Aggregate Offer Cap, LNC doesn't expect to accept Securities tendered after the Early Tender Deadline. The tender offer includes various series of notes: 4.375% Senior Notes (2050), 4.350% Senior Notes (2048), Capital Securities (2067, 2066), Subordinated Notes (2067, 2066), 3.050% Senior Notes (2030), and 3.400% Senior Notes (2032). Accepted Securities holders will receive the Total Tender Offer Consideration, including a $30 per $1,000 Early Tender Premium. The settlement date is expected to be May 29, 2025.

Lincoln Financial (NYSE:LNC) has announced a quarterly cash dividend of $0.45 per share on its common stock. The dividend will be paid on August 1, 2025, to shareholders who are on record as of July 10, 2025. This dividend declaration by the board of directors maintains the company's commitment to returning value to shareholders through regular dividend payments.

Lincoln Financial (NYSE: LNC) has appointed Tom Anfuso as Senior Vice President and Chief Technology Officer. Anfuso will be responsible for providing strategic direction and vision for IT infrastructure at Lincoln, focusing on addressing current and future business needs. He will report to Jennifer Charters, EVP and CIO, and join the company's Corporate Leadership Group.

Anfuso brings over 30 years of technology and engineering experience, previously serving as Managing Director and CTO at JPMorgan Chase, where he led technology integration for acquired companies in Chase's Connected Commerce division. The appointment aligns with Lincoln Financial's commitment to investing in technology for innovation and growth opportunities.

Lincoln Financial (NYSE: LNC) has launched Lincoln WealthBuilderSM ECV IUL, an accumulation-focused indexed universal life insurance product with early cash value benefits. This product is the second addition to their Elite Indexed Universal Life Portfolio, following the March 2025 launch of Lincoln WealthBuilder IUL.

The new product features early cash value benefits in the base policy and two additional Early Cash Value Endorsement options. It's specifically designed for premium financing and business cases, helping reduce collateral requirements and allowing business owners to fund life insurance with minimal balance sheet impact. The product includes S&P 500® enhanced volatility-controlled Indexes for cash value and death benefit protection.

As of March 31, 2025, Lincoln Financial managed $312 billion in end-of-period account balances and serves approximately 17 million customers across annuities, life insurance, group protection, and retirement plan services.

Lincoln Financial (LNC) has announced a cash tender offer for multiple series of its outstanding securities, with an aggregate purchase cap of $375 million. The offer includes various Senior Notes and Subordinated Securities, with a sub-cap of $220 million for Subordinated Securities. The tender offer expires on June 10, 2025, with an early tender deadline of May 23, 2025.

The company plans to fund the offer through the exercise of its issuance right under a Facility Agreement with Belrose Funding Trust, issuing $500 million of 2.330% Senior Notes due 2030. Additionally, Lincoln Financial intends to access new contingent liquidity through the issuance of new Pre-Capitalized Trust Securities Redeemable May 15, 2055, enhancing and extending its contingent capital structure.

Lincoln Financial (NYSE:LNC) has announced its 2025 Annual Meeting of Shareholders will be held virtually on Thursday, May 22, 2025, at 9:00 a.m. Eastern Time. The meeting will be accessible via live audio webcast at www.virtualshareholdermeeting.com/LNC2025. Only shareholders of record as of March 17, 2025, will be eligible to attend and participate.

Shareholders will need a 16-digit control number found in their proxy materials to access the meeting. The virtual platform will open for check-in at 8:45 a.m. ET. Questions can be submitted in advance through www.proxyvote.com until May 21, 2025, at 5:00 p.m. ET. A recording of the meeting will be available until the 2026 Annual Meeting.

Lincoln Financial (LNC) reported mixed Q1 2025 results with a net loss of $(756) million ($(4.41) per share), but improved adjusted operating income of $280 million ($1.60 per share). The net loss was primarily due to a $0.9 billion after-tax loss from market risk benefits. Key highlights include: Group Protection earnings increased 26% YoY with margin expanding 120bps to 7.4%. Annuities generated $3.8 billion in sales (+33% YoY) with spread-based products comprising 60%. Life Insurance improved with a reduced operating loss of $16 million. Retirement Plan Services saw total deposits increase 8% to $4.1 billion. The company announced a strategic partnership with Bain Capital, including a minority investment expected to close in H2 2025. The RBC ratio remains above target, supporting growth initiatives despite market volatility.

Lincoln Financial (NYSE: LNC) has released research findings from a survey of over 550 U.S. small business owners (5-499 employees) regarding workplace benefits. The study reveals that 55% of small business owners want to help employees with financial security and retirement savings, while 46% aim to assist with medical expenses. However, familiarity with benefits options remains limited, with only 63% very familiar with medical expense coverage options and 45% with financial security offerings. The research shows that small businesses typically offer only 7 out of 22 possible non-retirement benefits. Notably, 54% work with benefits brokers, and 72% review benefits annually. Lincoln Financial emphasizes opportunities through benefits bundling, voluntary benefits, financial wellness tools, and InsurTech solutions to help small businesses enhance their employee benefits while managing costs.

Lincoln Financial (NYSE:LNC) has announced a quarterly dividend declaration for its Series D Preferred Stock. The board of directors has declared a dividend of $562.50 per share on the corporation's 9.000% Non-Cumulative Preferred Stock, Series D, which has a $25,000 liquidation preference per share. Holders of depositary shares, each representing a 1/1,000th interest in a preferred stock share, will receive $0.5625 per depositary share. The dividend is scheduled for payment on June 1, 2025, to shareholders of record as of May 15, 2025.