lincoln national corp (LNC) Key Developments
Lincoln Financial Group Names Javier Obando as Director of Business Development on Institutional Retirement Distribution Team
Aug 28 15
Lincoln Financial Group's Retirement Plan Services business announced that Javier Obando has been named director of business development on its Institutional Retirement Distribution (IRD) team. Obando is responsible for working with government plan sponsors, national and regional independent registered advisor and consulting firms in the western region of the country. He will help plan sponsors and advisors address industry trends related to fiduciary governance and plan design in order to optimize retirement outcomes. Prior to joining Lincoln, Obando was regional sales director for Empower, where he focused on the government secTtor.
Lincoln Financial Group Announces Expansion in Atlanta Area
Aug 25 15
Lincoln Financial Group has announced that its group protection business is expanding its presence in the Atlanta area. Lincoln has selected RiverEdge Summit as the new facility, which will open in the spring of 2016. The new location will house a variety of positions for Lincoln's Group Protection business, and will ultimately develop into a robust complement to the business' existing site in Omaha, NE. Additionally, the location will serve to enhance business resiliency. The company added that new jobs will be posted over the course of the next several months.
Lincoln Financial Group Announces Completion of the Launch of its Enhanced Absence Management Service
Aug 3 15
Lincoln Financial Group announced completion of the launch of its enhanced Absence Management service "a high quality, fully integrated solution that can help employers more effectively manage employee absences. Lincoln started offering the service to clients in early 2015. Lincoln's innovative Absence Management Service fully integrates federal, state and company leaves with short-term disability administration to provide employers relief from the complicated administrative burden many currently face when managing employee absences. The service also provides a step-by-step, consultative approach from dedicated Absence Implementation Specialists to assist with requirements gathering and system setup and communications design, to Integrated Claims Examiners to handle concurrent absence and short-term disability claims for holistic, end-to-end management and support. The cloud-based absence administration system includes a mobile-enhanced self-service feature that lets employees and employers check the status of their absences 24/7, as well as perform a variety of tasks including: complete claim intake, intermittent leave reporting and accessing communications and reporting.
Lincoln National Corporation Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2015
Jul 29 15
Lincoln National Corporation reported earnings results for the second quarter and six months ended June 30, 2015. For the quarter, total revenues were $3,381,000 against $3,282,000 a year ago. Total operating Revenue was $3,417,000 against $3,286,000 a year ago. Net income available to common stockholders diluted was $344,000 against $399,000 a year ago. Income from operations was $371,000 against $394,000 a year ago. Earnings per common share diluted income from operations were $1.46 against $1.47 a year ago. Net income per common share diluted income from operations was $1.35 against $1.48 a year ago. Consolidated net flows were $1.6 billion. ROE (income from operations) was 11.7% against 13.0% a year ago. ROE (net income) was 10.9% against 13.1% a year ago.
For the six months, total revenues were $6,685,000 against $6,457,000 a year ago. Total operating Revenue was $6,811,000 against $6,519,000 a year ago. Net income available to common stockholders diluted was $645,000 against $727,000 a year ago. Income from operations was $724,000 against $759,000 a year ago. Earnings per common share diluted income from operations were $2.81 against $2.80 a year ago. Net income per common share diluted income from operations was $2.50 against $2.69 a year ago. As of June 30, 2015, book value per share, including accumulated other comprehensive income was $58.58 decreased 1% from a year ago. Book value per share, excluding AOCI, of $50.83 increased 8% from the prior-year period. ROE (income from operations) was 11.5% against 12.6% a year ago. ROE (net income) was 10.2% against 12.1% a year ago.
Roger Martin Joins Lincoln’s Group Protection Business as Senior Vice President of Finance
Jul 28 15
Lincoln Financial Group announced that Roger Martin joined its Group Protection business as Senior Vice President, Finance, effective July 13, 2015. Martin will lead the financial and risk management areas of the Group Protection business. Martin joins Lincoln from Unum, where most recently he served as Senior Vice President and Chief Financial Officer for all the company’s US businesses.