earnings
confidence high
sentiment positive
materiality 0.75
Lincoln Financial Q2 adjusted EPS $1.84, RBC ratio above 420%
LINCOLN NATIONAL CORP
2024-Q2 EPS reported
$12.03
revenue$9,269,000,000
- Net income $884M ($5.11 diluted); adjusted operating income $319M ($1.84 diluted).
- RBC ratio estimated above 420%; sale of wealth management added $436M after-tax gain.
- Annuities operating income up 10% to $297M; Group Protection up 19% to $130M (incl. $23M timing item).
- Life Insurance operating loss of $35M due to $39M below-target alternative investment income.
- Book value per share ex-AOCI $66.37 vs $58.58 a year ago; holding company liquidity $463M.