Lincoln National has improved its capital position through cost cuts and a Bain Capital stake, supporting a solid Q2 earnings beat. Group Protection remains the standout segment, driving margin expansion and earnings growth, but future competitive pressure could impact margins. The Bain deal strengthens the balance sheet and enables capital deployment, but execution risk remains in shifting the business mix and improving cash flow.
The headline numbers for Lincoln National (LNC) give insight into how the company performed in the quarter ended June 2025, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Lincoln National Corporation (NYSE:LNC ) Q2 2025 Earnings Call July 31, 2025 8:00 PM ET Company Participants Christopher Michael Neczypor - Executive VP & CFO Ellen R. Gail Cooper - Chairman, President & CEO Tina Madon - Senior VP & Head of Investor Relations Conference Call Participants Ryan Joel Krueger - Keefe, Bruyette, & Woods, Inc., Research Division Suneet Laxman L.
Lincoln National (LNC) came out with quarterly earnings of $2.36 per share, beating the Zacks Consensus Estimate of $1.91 per share. This compares to earnings of $1.84 per share a year ago.
Lincoln National (LNC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
LNC's strong annuity and group protection growth, plus a Bain Capital deal, support gains despite rising costs and debt.
LNC.PR.D: A Low-Duration Pick From Lincoln National For Qualified Dividend Seekers
Lincoln National Corporation offers a high dividend yield and trades at a significant discount to book value, making it attractive for value and income investors. LNC is executing a turnaround, improving its balance sheet through asset sales and a strategic partnership with Bain Capital to reduce leverage and diversify investments. Profitability remains mixed, with annuities and group protection driving growth, but legacy life insurance losses and above-target leverage are ongoing challenges.
LNC launches a hybrid growth fund in its variable annuity portfolio, blending top-tier active and passive investment strategies for long-term growth.
Lincoln National shares have recovered, gaining nearly 20% over the past year, driven by better-than-expected Q1 results and strategic financial actions. The sale of a 9.9% stake to Bain Capital for $825 million significantly strengthens LNC's balance sheet, accelerating its leverage reduction goals. Operating income rose by 14%, with strong annuity sales and improved group protection earnings, though the life insurance unit remains a drag.
Lincoln National's Q1 results gain from solid insurance premiums and a well-performing Group Protection segment, partly offset by an elevated expense level.
Lincoln National Corporation (NYSE:LNC ) Q1 2025 Earnings Conference Call May 8, 2025 8:00 AM ET Company Participants Tina Madon - SVP, Head, IR Ellen Cooper - President & CEO Chris Neczypor - EVP & CFO Conference Call Participants Ryan Krueger - KBW Suneet Kamath - Jefferies Wes Carmichael - Autonomous Research Tom Gallagher - Evercore ISI Joel Hurwitz - Dowling and Partners Alex Scott - Barclays Operator Good morning, and thank you for joining Lincoln Financials' 2025 First Quarter Earnings Conference Call. At this time, all lines are in a listen only mode.