earnings
confidence high
sentiment positive
materiality 0.75
Lincoln Financial Q3 adjusted operating income $358M, or $2.06/share; net loss $(562)M on non-economic items
LINCOLN NATIONAL CORP
2024-Q3 EPS reported
$8.75
revenue$13,380,000,000
- Adjusted operating income $358M ($2.06/diluted); net loss $(562)M ($(3.29)/share) from derivative and market risk benefit changes.
- Annuities operating income $300M (+15% YoY); sales $3.4B (+24%) with RILA up 13% sequentially.
- Group Protection operating income $110M (more than doubled YoY); margin expanded 500 bps to 8.5%.
- Life Insurance operating income $14M (ex-assumption review); sequential sales growth 16%.
- RBC ratio estimated >420%; holding company available liquidity $459M.