Stocks
ETFs
Options
Commodities
Crypto
Currency
Pro Newsletters
Research Tools
Daily Feeds
Calendars
Economic Indicators
Class Actions
Calculators
Education
About Us
Working with TipRanks
Follow Us
Lincoln National (LNC)
NYSE:LNC
Holding LNC?
Track your performance easily
Earnings Data
Report Date
Feb 06, 2025Before Open Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$1.82Last Year’s EPS
$1.45Same Quarter Last Year
Based on 8 Analysts Ratings
---
Earnings Call Summary
Earnings Call Date:Oct 31, 2024
|% Change Since: -7.71%
|Next Earnings Date:Feb 06, 2025
Earnings Call Sentiment|Positive
The earnings call reflected a generally positive outlook with record-high adjusted operating income and strong growth across most business segments. However, the company also reported a significant net loss and highlighted some challenges in its Life Insurance and Retirement Plan Services segments.Company Guidance
During the third quarter of 2024, Lincoln Financial Group delivered its highest adjusted operating income in over two years, highlighting significant progress in strategic realignment. Key performance metrics included a Group Protection segment that doubled its earnings year-over-year, while annuities sales reached $3.4 billion, up nearly 25% compared to the prior year. The Retirement Plan Services segment saw first-year sales more than triple year-over-year, contributing to positive net flows of $651 million. The company reported an adjusted operating income available to common stockholders of $358 million or $2.06 per share, and a net loss of $562 million, largely attributed to changes in the fair value of embedded derivatives. Lincoln's RBC ratio exceeded 420%, reflecting a robust capital position. The company's alternative investments portfolio achieved an 11% annualized return, surpassing targets. Lincoln continues to focus on profitable growth, enhancing its product mix, and optimizing its operating model to sustain long-term value creation.Record Third Quarter Adjusted Operating Income
Lincoln Financial achieved its highest quarterly earnings in over two years with a third quarter adjusted operating income of $358 million, driven by strong performance across all four business segments.
Group Protection Earnings Surge
Group Protection delivered record third-quarter results with earnings more than doubling year-over-year. Sales increased by 18% year-over-year, with supplemental health sales doubling during the same period.
Strong Annuity Sales Growth
Total annuity sales reached $3.4 billion, up nearly 25% from the prior year quarter, with increases in all product categories. RILA sales increased year-over-year by 13% and 10% sequentially.
Retirement Plan Services Growth
Retirement Plan Services reported operating income of $44 million and achieved first-year sales that more than tripled year-over-year.
Capital Position Strengthened
Lincoln Financial's RBC ratio improved to above 420%, supported by free cash flow tracking above expectations and strategic initiatives.
---
LNC Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
---
LNC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 31, 2024 | $33.59 | $34.75 | +3.45% |
| Aug 01, 2024 | $32.83 | $33.57 | +2.25% |
| May 02, 2024 | $26.90 | $26.16 | -2.75% |
| Feb 08, 2024 | $25.92 | $25.28 | -2.47% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
---
FAQ
When does Lincoln National (LNC) report earnings?
Lincoln National (LNC) is schdueled to report earning on Feb 06, 2025, Before Open Not Confirmed.
What is Lincoln National (LNC) earnings time?
Lincoln National (LNC) earnings time is at Feb 06, 2025, Before Open Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is LNC EPS forecast?
LNC EPS forecast for the fiscal quarter 2024 (Q4) is $1.82.
---