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Last $58.61 USD
Change Today -0.38 / -0.64%
Volume 851.6K
LNC On Other Exchanges
Symbol
Exchange
New York
As of 8:04 PM 05/22/15 All times are local (Market data is delayed by at least 15 minutes).

lincoln national corp (LNC) Key Developments

Lincoln National Declares Quarterly Dividend

Lincoln National declared an unchanged quarterly cash dividend of $0.20 per share and approved an increase to the corporation's authority to repurchase its securities bringing the total repurchase authority up to $1 billion.

Lincoln Financial Group Launches New Indexed Universal Life Insurance Solution for Clients’ Wealth Protection, Income and Business Needs

Lincoln Financial Group has introduced the newest addition to its suite of Indexed Universal Life (IUL) insurance products, Lincoln WealthAdvantageSMIndexed Universal Life. The new offering provides advisors flexibility in how they help clients achieve specific goals related to wealth protection and legacy planning, tax efficient income or business needs. Lincoln WealthAdvantageSMoffers three death benefit options including a previously unavailable option on Lincoln IUL policies, which provides a death benefit equal to the policy face amount plus premiums paid. In addition to an income tax-free death benefit, the Lincoln WealthAdvantageSM offers strong cash accumulation potential through three one-year point-to-point index account options tied to performance of the S&P 500 Index1 to cover a wide range of returns. The new solution balances upside potential with the predictability of built-in guaranteed features, providing a guaranteed interest bonus beginning in year 16 regardless of S&P performance, and a guaranteed 1% minimum interest rate on all accounts to protect against negative returns. Cash value can be accessed tax-efficiently for financial objectives such as income, college planning or retirement.

Lincoln National Corporation - Shareholder/Analyst Call

Annual General Meeting

Lincoln National Corporation Reports Consolidated Earnings Results for the First Quarter Ended March 31, 2015

Lincoln National Corporation reported consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, total revenues were $3,304,000 against $3,176,000 a year ago. Total operating Revenue was $3,394 million against $3,233 million a year ago. Net Income available to common stockholders diluted was $299 million against $328 million a year ago. Net Income was $300 million against $329 million a year ago. Income from operations was $352 million against $365 million a year ago. Diluted income from operations per share was $1.35 million against $1.34 million a year ago. Diluted net income per share was $1.15 against $1.21 a year ago. Book value per share, including AOCI was $64.14 against $54.94 a year ago. Book value per share, excluding AOCI was $49.70 against $45.63 a year ago. ROE (Income from operations) was 11.2% against 12.2% a year ago. ROE (net income) was 9.5% against 11.0% a year ago.

MetLife Inc., AXA Equitable Life Insurance Co. and Lincoln National Corp. Face Class-Action Lawsuits over Shadow Insurance Allegations

MetLife Inc., AXA Equitable Life Insurance Co. and Lincoln National Corp. are facing class-action lawsuits related to certain practices involving reinsurers. MetLife and AXA Equitable each face two lawsuits, while Lincoln National is facing one. Four of the cases were reportedly filed in the U.S. District Court in New York, while the fifth was filed in the U.S. District Court in New Jersey. Plaintiffs in the lawsuit against Lincoln National alleged that the insurer used a practice called two-step transactions through which it was able to hide its shadow insurance practices. The law suit, in such a transaction the New York-based insurance company transfers risk to its non-New York-based affiliate. The affiliate then retrocedes such risk to a captive reinsurer affiliated with the original New York-based company. That process allows the New York-based insurance company to report that it did not transact directly with the captive, the news outlet said. The suit against Lincoln National further claims that this practice allowed the company to use assets to pay higher salaries to executives, acquire other life insurers or declare higher dividends instead of preserving such assets to pay claims. One of the lawsuits against AXA Equitable reportedly alleged that the insurer engaged in shadow insurance practices related to its life insurance business, resulting in materially misleading representations of its financial condition. The other lawsuit, which pertains to the company's variable annuity business, alleges that the company's shadow insurance practices resulted in misrepresentations about its financial condition, which it used to market guaranteed benefits insurance riders and other life insurance products. In one of the complaints against MetLife, it is alleged that the company is engaging in practices that places the financial futures of its policyholders, their beneficiaries and even the public at risk.

 

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Industry Analysis

LNC

Industry Average

Valuation LNC Industry Range
Price/Earnings 10.5x
Price/Sales 1.1x
Price/Book 0.9x
Price/Cash Flow 10.0x
TEV/Sales 0.2x
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