secwatch.observer — SEC 8-K summary
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Issuer:     LINCOLN NATIONAL CORP (LNC)
CIK:        0000059558
Form:       8-K
Filed at:   2022-05-04T23:59:59+00:00
Accession:  0000059558-22-000018
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Lincoln Financial Q1 adjusted EPS $1.66 vs $1.82; pandemic claims reduced EPS by $0.96
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- Net income $104M ($0.58 diluted) vs $225M ($1.16) in Q1 2021; adjusted operating EPS $1.66 vs $1.82.
- Pandemic-related claims and unusual Group Protection adjustments lowered adjusted EPS by $(0.96) combined.
- Revenue $4.69B (+3% YoY); Life Insurance sales +36% to $155M; Group Protection sales +42%.
- Returned $480M to shareholders including $400M in buybacks; diluted shares fell 9% to 176.4M.
- BVPS ex-AOCI $78.32 (+8%); BVPS incl. AOCI $85.59 (-16%) due to higher interest rates.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/59558/000005955822000018/0000059558-22-000018-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/59558/000005955822000018/lnc-20220504x8k.htm
  HTML page:      https://secwatch.observer/filing/0000059558-22-000018

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