Lincoln Financial Q3 adjusted profit per share fell to $1.72 from $2.04
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.
Key points
- 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.
The filing
Written by AI on Nov 7, 2026, 11:17 PM ET, from this filing only.
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