Lincoln National (LNC) Stock News, Mar-May 2025

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.

Lincoln Financial (NYSE:LNC) has scheduled its 2025 first quarter earnings release for May 8, 2025, at 6:00 a.m. Eastern Time, followed by a conference call at 8:00 a.m. Eastern Time. The company will make earnings materials, including the Earnings Release, Earnings Supplement, and Statistical Supplement, available on their Investor Relations webpage.

An audio webcast will be accessible through Lincoln's website, with a replay available by 10:00 a.m. Eastern Time on the same day. The company has also announced its earnings schedule for the remainder of 2025 and early 2026:

• Q2 2025: July 31, 2025
• Q3 2025: October 30, 2025
• Q4 2025: February 5, 2026

Lincoln Financial (NYSE: LNC) has announced a strategic partnership with Bain Capital, involving an $825 million investment. Bain Capital will acquire a 9.9% ownership stake in Lincoln, purchasing approximately 18.8 million shares at $44.00 per share, representing a 25% premium to the 30-day volume-weighted average price as of April 8, 2025.

The partnership includes a 10-year, non-exclusive strategic investment management relationship, with Bain Capital managing various asset classes including private credit, structured assets, mortgage loans, and private equity. The transaction will provide Lincoln with growth capital for strategic priorities, including growing spread-based earnings and optimizing its legacy life portfolio.

The deal is expected to close in the second half of 2025, subject to regulatory approvals.

Lincoln Financial has expanded its WellnessPATH® Marketplace, a comprehensive financial wellness platform launched in 2023, now offering 10 key solutions to support employee financial wellbeing. The platform includes services for student loan support, emergency savings, tax preparation, insurance solutions, college savings, estate planning, debt management, and homebuying support.

According to Lincoln's research, 85% of employees cite finances as their primary productivity stressor, with over 80% reporting debt and 60% specifically having credit card debt. The platform, in partnership with Candidly, enables employees to compare student loan offers and create emergency savings accounts. Employers can contribute directly to employee student loans and emergency savings, potentially improving employee satisfaction and retention.

Survey data shows that 93% of employees reported positive impacts when offered financial wellness resources, with 62% reaching or nearly reaching their financial goals. The expansion comes as U.S. household debt exceeds $18 trillion, highlighting increasing employee demand for financial wellness support from employers.

Lincoln Financial (NYSE: LNC) has announced a landmark partnership with the Cobbs Creek Foundation to develop infrastructure and programs at the Cobbs Creek Golf and Education Campus in West Philadelphia. The centerpiece will be the TGR Learning Lab Philadelphia, a 30,000-square-foot facility providing free STEAM education and career readiness programs to 4,500+ local children annually.

As a Founding Partner, Lincoln Financial will help develop financial literacy programs and their CFO Chris Neczypor will join the Foundation's Executive Committee Board. The campus development includes a 42,000-square-foot central hub building named after Lincoln Financial, featuring golf facilities, restaurant, and event space, scheduled to open in fall 2025.

The project will roll out in phases, with the TGR Learning Lab opening spring 2024, a short course in summer 2024, the restored Olde Course in fall 2026, and a new 9-hole course in 2027.