LNC

RADNOR, Pa., May 28, 2026--(BUSINESS WIRE)--Lincoln Financial (NYSE:LNC) announced today that the board of directors of Lincoln National Corporation declared a quarterly cash dividend of $0.45 per share on the corporation’s common stock. The dividend on the common stock will be payable August 3, 2026, to shareholders of record at the close of business on July 10, 2026. About Lincoln FinancialLincoln Financial helps people confidently plan for their vision of a successful financial future. As of December 31, 2025, approximately 17 million customers trust our guidance and solutions across four core businesses – annuities, life insurance, group protection, and retirement plan services. As of March 31, 2026, the company has $340 billion in end-of-period account balances, net of reinsurance. Headquartered in Radnor, Pa., Lincoln Financial is the marketing name for Lincoln National Corporation (NYSE: LNC) and its affiliates. Learn more at LincolnFinancial.com. View source version on businesswire.com: https://www.businesswire.com/news/home/20260528147769/en/ Contacts John MuethingInvestor [email protected] Karyn BaldwinMedia [email protected]

Lincoln Financial Group’s first quarter was met with a negative market reaction, as investors weighed strong revenue growth against a significant miss on earnings per share. Management emphasized that the quarter’s performance was driven by momentum across core business lines, particularly in Life Insurance and Group Protection, but also acknowledged that capital market volatility and unfavorable equity market movements weighed on GAAP profitability. CEO Ellen Cooper described the operating model as “more efficient” and pointed to progress in digital investments and product diversification as underpinning ongoing resilience. Is now the time to buy LNC? Find out in our full research report (it’s free). Revenue: $4.87 billion vs analyst estimates of $4.92 billion (3.9% year-on-year growth, 1% miss) Adjusted EPS: $1.66 vs analyst estimates of $1.60 (4% beat) Adjusted Operating Income: $427 million vs analyst estimates of $561 million (8.8% margin, 23.9% miss) Market Capitalization: $6.51 billion While we enjoy listening to the management's commentary, our favorite part of earnings calls are the analyst questions. Those are unscripted and can often highlight topics that management teams would rather avoid or topics where the answer is complicated. Here is what has caught our attention. Wesley Carmichael (Wells Fargo) asked if holding company cash increases are a good proxy for free cash flow, and CFO Christopher Neczypor confirmed the trend, noting that some quarter-to-quarter variation is expected due to taxes and seasonality. Ryan Krueger (KBW) inquired about disability loss ratios and the impact of paid family leave programs. Neczypor declined to size the PFML impact but explained that normalization and incidence trends are generally favorable versus long-term expectations. Ryan Krueger (KBW) also asked about annuity profitability trends. Neczypor acknowledged noise in quarterly results due to tax items and market headwinds but expects spread income growth as fixed annuity blocks build over time. Joel Hurwitz (Dowling & Partners) questioned the decline in fixed annuity sales from prior quarters. CEO Ellen Cooper attributed this to a strategic focus on FIA growth over MYGA and highlighted investments in digital capabilities and distribution expansion. Thomas Gallagher (Evercore) raised concerns about competitive pricing in annuities and group protection. Coope...

ProAssurance Corporation PRA reported a first-quarter 2026 adjusted operating income of 25 cents per share, which was in line with the Zacks Consensus Estimate. The bottom line rose from 13 cents a year ago. Operating revenues of $263.1 million dipped 2.5% year over year. However, the top line beat the consensus mark by 2.2%. The quarterly results benefited from rising investment income and a decline in expenses. However, the upside was partially offset due to lower premiums, especially in the Specialty P&C segment, the Workers' Compensation Insurance segment and the Segregated Portfolio Cell Reinsurance unit. ProAssurance Corporation price-consensus-eps-surprise-chart | ProAssurance Corporation Quote Gross premiums written fell 5.5% year over year to $287 million. Net premiums earned of $223.5 million tumbled 5.4% year over year. Yet the reported figure topped the Zacks Consensus Estimate of $218.1 million. Net investment income advanced 8.2% year over year to $40 million in the quarter under review on the back of improved average book yields. The metric beat the consensus mark of $39.7 million. Total expenses came in at $253.4 million, which decreased 9% year over year. The year-over-year decrease was backed by lower net losses and loss adjustment expenses, and underwriting, policy acquisition and operating expenses. ProAssurance’s net income surged 245.3% year over year to $8.5 million. The combined ratio improved to 110.4% from 115.6% in the year-ago period. The segment recorded revenues of $173 million in the first quarter, which slipped 7.5% year over year. The metric beat the Zacks Consensus Estimate of $171.2 million. Net premiums earned decreased 6.1% year over year to $172.1 million but beat the consensus mark of $170.2 million. Total expenses came in at $182.1 million, which fell 9.3% year over year. The unit incurred a loss of $9.1 million, narrower than the prior-year quarter’s loss of $13.9 million. The combined ratio improved to 105.9% from 109% in the year-ago period. Revenues in the segment fell 2.1% year over year to $41 million in the quarter under review. The metric missed the Zacks Consensus Estimate of $41.5 million. Net premiums earned of $40.7 million declined 2.1% year over year, and lagged the consensus mark of $41.1 million. Total expenses rose 1.4% year over year to $46.4 million. The unit incurred a loss of $5.4 million, wider th...

Lincoln National Corporation LNC reported first-quarter 2026 adjusted earnings per share of $1.66, which surpassed the Zacks Consensus Estimate by 1.8%. The bottom line rose 3.7% year over year. Adjusted operating revenues grew 3.9% year over year to $4.9 billion. However, the top line missed the consensus mark by 0.2%. The quarterly earnings were supported by strong annuity deposits and solid Life Insurance performance. Higher net investment income, favorable equity markets and reduced expenses also contributed to the upside. Nevertheless, the positives were partly offset by a decline in the sales of Group Protection and lower insurance premiums. Lincoln National Corporation price-consensus-eps-surprise-chart | Lincoln National Corporation Quote LNC’s estimated RBC ratio rose to more than 420% at the first-quarter end. Insurance premiums inched down 0.1% year over year to $1.7 billion, missing the Zacks Consensus Estimate by 2.4%. Fee income was $1.4 billion, which improved 0.3% year over year but missed the consensus mark by 1.7%. Net investment income advanced 9.8% year over year to $1.6 billion and beat the consensus mark by 7.5%. Meanwhile, other revenues of $184 million rose 8.9% year over year in the quarter under review. Total expenses declined 1.6% year over year to $5.6 billion. Interest credited rose 12.2% year over year to $999 million. Lincoln National reported a net loss of $172 million compared to the prior-year quarter’s loss of $722 million. The Annuities and Life Insurance segments form part of LNC’s Retail Solutions business, while Group Protection and Retirement Plan Services units make up the Workplace Solutions business. The Annuities segment’s operating income totaled $275 million in the first quarter, which fell 5.2% year over year and missed the Zacks Consensus Estimate of $295.6 million due to the impact of a previously disclosed net investment income allocation refinement and unfavorable tax-related items. The unit's operating revenues rose 7.1% year over year to $1.3 billion, driven by 12.7% growth in net investment income, partly offset by a 14.3% decline in insurance premiums. Total annuity deposits were $3.9 billion, which climbed 3.7% year over year. The Life Insurance unit recorded an operating income of $41 million, improved from the prior-year quarter’s loss of $16 million and beat the consensus mark of $7.2 million. The me...

Interested in Lincoln National Corporation? Here are five stocks we like better. Lincoln National posted its seventh straight quarter of year-over-year adjusted operating income growth, with Q1 adjusted operating income up 16% to $326 million. Management said the gains reflect continued progress from its multi-year restructuring and capital-strengthening efforts. GAAP results were pressured by market volatility, as the company reported a net loss of $211 million due largely to negative movement in market risk benefits tied to lower equity markets. The company said its hedge program continued to perform as expected. Core businesses showed mixed but improving trends: annuities continued shifting toward spread-based products, while Group Protection, Life Insurance, and Retirement Plan Services all posted stronger operating income. Lincoln also said its capital position remains above targets, with leverage now at its long-term goal. Lincoln National (NYSE:LNC) reported a seventh consecutive quarter of year-over-year adjusted operating income growth, with management pointing to stronger underwriting results, spread income growth and continued capital generation as evidence that its multi-year restructuring strategy is gaining traction. On the company’s first-quarter 2026 earnings call, Chairman, President and Chief Executive Officer Ellen Cooper said adjusted operating income increased 16% from the prior-year period. She attributed the performance to actions taken over several years to strengthen the balance sheet, improve operating efficiency and shift the business mix toward more durable sources of earnings. → Beyond NVIDIA: Picks-and-Shovels AI Plays with Strong Momentum “Our first quarter results reflect continued execution,” Cooper said, adding that Lincoln remains focused on three strategic priorities: fortifying its capital foundation, optimizing its operating model and driving profitable growth across its businesses. Chief Financial Officer Chris Neczypor said Lincoln reported adjusted operating income available to common stockholders of $326 million, or $1.66 per diluted share, for the quarter. The company reported a net loss available to common stockholders of $211 million, or $1.10 per diluted share. → 3 Ways to Target the Resources Powering AI and Data Centers Neczypor said the difference between GAAP net income and adjusted operating income was drive...

Adjusted operating income grew 16% year-over-year, marking the seventh consecutive quarter of growth driven by balance sheet strengthening and business mix diversification. Management is prioritizing profitability and capital efficiency over top-line volume, specifically shifting the Annuities portfolio toward spread-based products to reduce market sensitivity. Life Insurance transformation is gaining momentum with a 30% increase in sales, focused on products with predictable cash flows like IUL and executive benefits. Group Protection performance was bolstered by a targeted segment strategy, achieving its strongest local market premium growth in nearly a decade at over 4%. The company is leveraging its Bermuda affiliate and investment strategy optimization to enhance capital efficiency and drive broader enterprise operating leverage. Retirement Plan Services is in the early stages of a multi-year realignment focused on disciplined growth, service excellence, and modernized technology underpinnings. Group Protection is expected to be an increasingly meaningful contributor to higher-quality earnings, with a medium-term premium growth target of 3% to 6%. Annuity fee income faces a sequential headwind in Q2 due to lower starting account balances following Q1 equity market declines, though recent market recovery may offset this. Retirement Plan Services anticipates elevated net outflows of $2 billion to $2.5 billion in Q2 due to known plan terminations that did not meet profitability thresholds. Management expects RILA sales to align with historical averages as they prioritize innovative features over price-based competition. Capital deployment in 2026 and 2027 will focus on optimizing the legacy Life block, potentially through internal repositioning or external risk transfer deals. A one-time $7 million unfavorable tax item impacted Annuities results due to a true-up of prior year tax positions on variable annuity separate accounts. Disability loss ratios increased to 73.4% due to elevated incidence in new Paid Family Leave states and unfavorable resolution severity in Long-Term Disability. Alternative investment returns of 12.3% exceeded the 10% target, though management cautioned that market volatility could lead to near-term variability due to reporting lags. The leverage ratio reached the long-term target of 25%, providing enhanced financial flexibility for...

Lincoln Financial Group (NYSE:LNC) reported first-quarter results on Thursday that matched earnings expectations while delivering stronger-than-expected revenue, though shares moved lower in premarket trading following the release. The stock declined 2.79% ahead of the opening bell. The insurance and financial services company posted adjusted earnings of $1.66 per share for the quarter ended March 31, broadly in line with analyst expectations of $1.60 per share. Revenue rose to $5.31 billion, exceeding the analyst consensus estimate of $4.94 billion by 7.5%. The figure also represented a 13% increase from $4.69 billion reported in the same quarter last year. Lincoln Financial recorded a net loss of $172 million, or -$1.10 per diluted share. The company said the loss was mainly driven by non-economic effects tied to changes in market risk benefits. The Group Protection segment generated record first-quarter earnings of $112 million, marking an 11% increase from the prior-year period. Meanwhile, Life Insurance operating income improved significantly to $41 million, compared with a loss of $16 million a year earlier. Annuities operating income declined 5% year-over-year to $275 million, impacted by adjustments related to net investment income allocation as well as unfavorable tax items. “Our first quarter results reflect continued disciplined execution and consistent, meaningful progress against our strategic priorities,” said Ellen Cooper, Chairman, President and CEO. “The cumulative impact of the actions we’ve taken — strengthening our capital foundation, optimizing our operating model, and diversifying our business mix — are translating into a more resilient, higher-quality earnings profile.” Holding company available liquidity increased to $805 million, net of prefunding amounts, compared with $466 million in the prior-year quarter. The company also said its risk-based capital ratio remained above 420%. Lincoln Financial Group is a financial services company offering insurance, retirement, and wealth management products. Its businesses include annuities, life insurance, employee benefits, and retirement planning solutions serving individuals, employers, and institutional clients across the United States. Lincoln Financial Group stock price

Lincoln National (LNC) reported Q1 adjusted operating income Thursday of $1.66 per diluted share, up

Lincoln National (LNC) reported $4.87 billion in revenue for the quarter ended March 2026, representing a year-over-year increase of 3.9%. EPS of $1.66 for the same period compares to $1.60 a year ago. The reported revenue represents a surprise of -0.15% over the Zacks Consensus Estimate of $4.88 billion. With the consensus EPS estimate being $1.63, the EPS surprise was +1.59%. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health. Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance. Here is how Lincoln National performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Loss Ratio - Group Protection: 71.1% compared to the 71.8% average estimate based on two analysts. Net Flows - Annuities: $-2.2 billion compared to the $-1.48 billion average estimate based on two analysts. Net Flows - Life Insurance: $634 million compared to the $740.46 million average estimate based on two analysts. Revenues- Insurance premiums: $1.67 billion versus $1.72 billion estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -0.1% change. Revenues- Net investment income: $1.61 billion compared to the $1.49 billion average estimate based on three analysts. The reported number represents a change of +10.2% year over year. Revenues- Fee income: $1.38 billion compared to the $1.4 billion average estimate based on three analysts. The reported number represents a change of +0.9% year over year. Revenues- Retirement Plan Services- Fee income: $86 million versus $79.21 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +19.4% change. Revenues- Retirement Plan Services- Net investment income: $260 million versus the two-analyst average estimate of $258.21 million. The reported number represents a year-over-year change of +3.6%. Revenues- Life Insurance- Insurance premiums: $256 million compared to the $270.85 million average estimate based on two analysts. The reported number repre...

RADNOR, Pa. (AP) — RADNOR, Pa. (AP) — Lincoln National Corp. (LNC) on Thursday reported a loss of $172 million in its first quarter. The Radnor, Pennsylvania-based company said it had a loss of $1.10 per share. Earnings, adjusted for non-recurring costs, were $1.66 per share. The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.63 per share. The insurance and retirement business posted revenue of $5.31 billion in the period. Its adjusted revenue was $4.87 billion, which missed Street forecasts. Three analysts surveyed by Zacks expected $4.88 billion. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on LNC at https://www.zacks.com/ap/LNC

RADNOR, Pa., May 07, 2026--(BUSINESS WIRE)--Lincoln Financial (NYSE: LNC) today reported financial results for the first quarter ended March 31, 2026. Sustained progress against strategic and financial objectives drove solid first quarter performance. First quarter net loss available to common stockholders was $(211) million, or $(1.10) per diluted share. First quarter adjusted operating income available to common stockholders was $326 million, or $1.66 per diluted share. The difference between net income and adjusted operating income was primarily attributable to the non-economic impact of changes in market risk benefits. Holding company available liquidity increased to $805 million, net of prefunding amounts. "Our first quarter results reflect continued disciplined execution and consistent, meaningful progress against our strategic priorities," said Ellen Cooper, Chairman, President and CEO of Lincoln Financial. "Group Protection delivered record first quarter earnings, while Life Insurance and Retirement Plan Services generated strong earnings growth. In Annuities, we achieved another quarter of diversification in new business with a more balanced mix and less market sensitivity. "The cumulative impact of the actions we’ve taken — strengthening our capital foundation, optimizing our operating model, and diversifying our business mix — are translating into a more resilient, higher-quality earnings profile. We remain focused on advancing these priorities to further build on this trajectory and create sustainable, long-term value for shareholders." Business Highlights Our 2026 first quarter performance represents sustained, company-wide progress against our strategic and financial objectives. Retail Solutions Annuities delivered operating income of $275 million, down 5% compared to the prior-year quarter, driven by the impact of the previously disclosed net investment income allocation refinement and unfavorable tax-related items. Adjusting for these items, operating income was up 1%, driven by favorable equity markets and growth in spread income, offset by variable annuity outflows. Annuities recorded $169 billion in ending account balances, net of reinsurance, and sales of $3.9 billion, up 4% year over year. Spread-based products accounted for approximately two-thirds of total sales in the quarter, reflecting our continued strategic shift towards spread-ba...

Lincoln National (LNC) came out with quarterly earnings of $1.66 per share, beating the Zacks Consensus Estimate of $1.63 per share. This compares to earnings of $1.6 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +1.59%. A quarter ago, it was expected that this insurance and retirement business would post earnings of $1.86 per share when it actually produced earnings of $2.21, delivering a surprise of +18.82%. Over the last four quarters, the company has surpassed consensus EPS estimates four times. Lincoln National, which belongs to the Zacks Insurance - Life Insurance industry, posted revenues of $4.87 billion for the quarter ended March 2026, missing the Zacks Consensus Estimate by 0.15%. This compares to year-ago revenues of $4.69 billion. The company has topped consensus revenue estimates two times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Lincoln National shares have lost about 15.5% since the beginning of the year versus the S&P 500's gain of 7.6%. While Lincoln National has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Lincoln National was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the comp...