Lincoln Financial Q3 adjusted EPS $0.23; net income $4.79 on hedging gains; expenses up

LINCOLN NATIONAL CORP

2023-Q3 EPS reported $2.40 revenue$10,946,000,000

Net income available to common $819M ($4.79/diluted) vs net loss $1.8B a year ago; adjusted operating income $39M ($0.23).
Adjusted results include $0.84/share unfavorable from annual reserve review, $0.41/share from alternative investments, unclaimed property, surrender program, and legal accruals.
Segment: Annuities income $248M (-10% YoY); Life Insurance loss $173M; Group Protection income $68M (up from $12M); Retirement Plan Services income $43M (-9%).
Annuities sales $2.7B (-16% YoY, +6% sequentially); Life sales $144M (-16% YoY, +17% sequentially); Group Protection premiums $1.3B (+4%).
Estimated RBC ratio 375-385%; holding co liquidity $455M; progress on Fortitude Re close; BVPS ex-AOCI $63.03 (+10% YoY).

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

LINCOLN NATIONAL CORP reported financial results for the quarter ended September 30, 2023.

Period: the quarter ended September 30, 2023
Result: reported results

Exact text from the filing

On November 1, 2023, Lincoln National Corporation (the “Company”) issued a press release announcing its financial results for the quarter ended September 30, 2023

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13 earnings releases filed in the last 30 days. Browse all earnings releases →

LINCOLN NATIONAL CORP filing history →

Source: SEC EDGAR

accession 0000059558-23-000056

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