Nov 5, 6:02 AM ET
Lincoln Financial reported third quarter 2026 net income available to common stockholders of $1.3 billion, or $6.77 per diluted share, up from $411 million, or $2.12, a year earlier. Adjusted operating income available to common stockholders fell to $339 million, or $1.72 per diluted share, from $397 million, or $2.04, and both figures include an unfavorable annual assumption review impact. The company also resumed share repurchases and reported higher holding company liquidity, though Group Protection results fell short of its expectations.
- Net income available to common stockholders was $1.3 billion, or $6.77 per diluted share, versus $411 million, or $2.12, a year earlier; the annual assumption review reduced it by $0.47 per diluted share.
- Adjusted operating income available to common stockholders was $339 million, or $1.72 per diluted share, versus $397 million, or $2.04, a year earlier.
- Group Protection operating margin was 5.5% excluding the assumption review, down 260 basis points year over year; operating income was $77 million before the review.
- Holding company available liquidity, net of prefunding, rose to $1.0 billion; the company repurchased $50 million of common stock and retired $437 million of preferred stock.
Read the filing on SEC.gov ↗
Aug 10, 7:01 AM ET
Lincoln National's chief financial officer, Christopher Neczypor, is leaving the company to pursue another opportunity outside the industry, and the company says the departure is not related to its financial or operating results. Adam Cohen, the company's chief accounting officer and treasurer, takes over as interim CFO while Lincoln searches for a permanent successor.
- Neczypor notified the company on August 6, 2026, and will remain through the end of August to help with the transition.
- Cohen, age 41, joined Lincoln in March 2022 and became treasurer in February 2024.
- Cohen's interim pay includes a $550,000 base salary, a 300% target annual incentive, a $1,600,000 pro-rated LTIP target and a $1,000,000 retention grant, subject to Compensation Committee approval.
Read the filing on SEC.gov ↗
Jul 30, 6:03 AM ET
Lincoln National reported second-quarter 2026 net income available to common stockholders of $1.3 billion, or $6.72 per diluted share, up from $688 million, or $3.80, a year earlier. Adjusted operating income available to common stockholders was $439 million, or $2.24 per diluted share, compared with $427 million, or $2.36, in the prior-year quarter, and the company attributed the gap between the two measures mainly to non-economic changes in market risk benefits.
- Net income available to common stockholders: $1.3 billion, or $6.72 per diluted share, versus $688 million, or $3.80, a year earlier
- Adjusted operating income available to common stockholders: $439 million, or $2.24 per diluted share, versus $427 million, or $2.36, a year earlier
- Holding company available liquidity, net of prefunding, rose to $903 million; the company completed a $500 million subordinated debt issuance
- Group Protection operating margin fell to 10.4% from 12.5% a year earlier, partly due to a $15 million prior-year experience refund
Read the filing on SEC.gov ↗
May 7, 6:02 AM ET
Lincoln National Corporation reported a first-quarter 2026 net loss available to common stockholders of $211 million, or $1.10 per diluted share, compared with a loss of $756 million, or $4.41 per share, a year earlier. Adjusted operating income rose to $326 million, or $1.66 per diluted share, from $280 million, or $1.60 per share, and the company said holding company available liquidity, net of prefunding, increased to $805 million.
- Net loss available to common stockholders was $211 million, or $1.10 per diluted share, versus $756 million, or $4.41 per share, in the first quarter of 2025.
- Adjusted operating income available to common stockholders was $326 million, or $1.66 per diluted share, up from $280 million, or $1.60 per share.
- Holding company available liquidity, net of prefunding, rose to $805 million from $466 million at March 31, 2025.
- Annuities operating income fell 5% to $275 million, while Retirement Plan Services operating income rose 26% to $43 million.
Read the filing on SEC.gov ↗
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