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Last $58.64 USD
Change Today +0.33 / 0.57%
Volume 2.3M
LNC On Other Exchanges
Symbol
Exchange
Berlin
As of 8:04 PM 05/6/15 All times are local (Market data is delayed by at least 15 minutes).

lincoln national corp (LNC) Key Developments

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.

Lincoln National Corporation to Report Q1, 2015 Results on Apr 29, 2015

Lincoln National Corporation announced that they will report Q1, 2015 results at 5:00 PM, Eastern Standard Time on Apr 29, 2015

Lincoln National Corporation, Q1 2015 Earnings Call, Apr 30, 2015

Lincoln National Corporation, Q1 2015 Earnings Call, Apr 30, 2015

Lincoln National Sells $300 Million of Senior Notes

Lincoln National Corp. on March 9 finalized the sale of $300 million aggregate principal amount of 3.350% senior notes due 2025. The notes were sold at a price of 99.840% and will bear interest at 3.350% per year. Lincoln National will pay interest on the notes semiannually in arrears on March 9 and Sept. 9 of each year, beginning Sept. 9.

 

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LNC

Industry Average

Valuation LNC Industry Range
Price/Earnings 10.4x
Price/Sales 1.1x
Price/Book 0.9x
Price/Cash Flow 9.9x
TEV/Sales 0.2x
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