earnings
confidence high
sentiment negative
materiality 0.85
Lincoln National Q4 net income $6M, adjusted EPS $0.97; full-year net loss $(2.2)B
LINCOLN NATIONAL CORP
2022-FY EPS reported
-$13.10
revenue$18,784,000,000
- Q4 net income per diluted share $0.01 vs $1.20 in prior year; adjusted operating EPS $0.97 vs $1.56.
- Full-year net loss $(2.2)B ($13.10 per share); adjusted operating loss $(880)M ($5.22 per share).
- Notable items: Q4 includes $0.68/sh unfavorable legal expenses; full year includes $12.21/sh net unfavorable items from DAC/reserve review.
- Book value per share ex-AOCI fell to $63.73 from $78.05 a year ago; share buyback of 8.7M shares for $550M.
- Segment: Life Insurance income down 42% to $46M; Group Protection loss ratio improved to 79% from 96%.