Lincoln National reports Q2 adjusted EPS $1.84, consensus $1.77

Reports Q2 revenue $5.15B, consensus $4.65B. “Our second quarter results were solid and exceeded our expectations as we continued to execute on our strategic priorities,” said Ellen Cooper, Chairman, President and CEO of Lincoln Financial Group. “Our businesses’ results reflect steady progress as part of their strategic realignment. Group Protection delivered results in line with its record prior-year quarter. Annuities earnings grew by 10% while producing strong sales growth. Retirement Plan Services earnings improved sequentially, and our Life business sales are stabilizing. We also accomplished our goal of growing capital to an estimated RBC ratio above 420%, a significant milestone, and made further progress on optimizing our operating model, which included establishing our Bermuda reinsurance subsidiary. The second quarter’s performance reflected continued momentum on our multi-year journey to transform our company and deliver increasing shareholder value.”