earnings
confidence high
sentiment negative
materiality 0.80
LNC Q2 net income drops 63% to $238M; adjusted op EPS $2.23, down 30% YoY
LINCOLN NATIONAL CORP
2022-Q2 EPS reported
$1.91
revenue$9,791,000,000
- Net income $238M ($1.34 diluted EPS) vs $642M ($3.34 EPS) in Q2 2021.
- Adjusted operating income $391M ($2.23 per share) vs $608M ($3.17) YoY.
- BVPS ex-AOCI $79.49, up 5% YoY; BVPS incl. AOCI $53.97, down 53% on higher rates.
- Capital returned $177M including $100M buybacks; share count down 10% YoY.
- Segment: Retirement Plan Services net flows +$913M; Life sales +53%; Group Protection income +28%.