earnings
confidence high
sentiment positive
materiality 0.75
Lincoln Financial Q2 net income $1.3B ($6.72/sh); adj. op. income $439M ($2.24/sh)
LINCOLN NATIONAL CORP
- Net income available to common stockholders $1.3B ($6.72 diluted EPS) vs $688M ($3.80) prior-year quarter.
- Adjusted operating income available to common stockholders $439M ($2.24 diluted EPS) vs $427M ($2.36) prior year.
- Holding company available liquidity net of prefunding $903M; completed $500M subordinated debt issuance.
- Life Insurance op. income $57M (+78% YoY); Group Protection $147M (-15% YoY); Annuities $287M (flat); RPS $49M (+32%).
- Annuities net outflows $2.9B; RPS net outflows $2.4B; total sales down in Annuities and Group Protection.