Lincoln National Q4 net loss $1.2B / $7.35 EPS; adj op income $246M; RBC ratio 400-410%

LINCOLN NATIONAL CORP

2023-FY EPS reported -$4.92 revenue$11,645,000,000

Net loss available to common stockholders $(1.2B) ($7.35/diluted share); adjusted operating income $246M ($1.45/share).
Year-end RBC ratio expected 400-410%, up from 375-385% at Q3 2023, above 400% target.
Record annuity sales $4.4B in Q4 (+36% YoY); Group Protection full-year margin 5.5% (ex-assumption review), up 400+ bps.
Closed Fortitude Re reinsurance transaction; announced sale of wealth management business to Osaic with at least $700M capital benefit expected H1 2024.
Life Insurance sales down 23% YoY from strategic shift; Retirement Plan Services net outflows $332M in Q4.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

LINCOLN NATIONAL CORP reported the fourth quarter ended December 31, 2023 results: net income $(1.2) billion, or $(7.35) per diluted share, EPS $(7.35) per diluted share.

Period: the fourth quarter ended December 31, 2023
Net income: $(1.2) billion, or $(7.35) per diluted share
EPS: $(7.35) per diluted share
Result: reported results

Exact text from the filing

Net loss available to common stockholders was $(1.2) billion, or $(7.35) per diluted share.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

LINCOLN NATIONAL CORP reported financial results for the full year ended December 31, 2023.

Period: the full year ended December 31, 2023
Result: reported results

Exact text from the filing

Lincoln National Corporation (the “Company”) issued a press release announcing its financial results for the quarter and full year ended December 31, 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 0000059558-24-000005

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