Sector: Financials | Industry: Life & Health Insurance |
See Regulatory Filings on SEC |
Company Contact | |
Address: | 150 N RADNOR CHESTER RD RADNOR PA 19087 |
Tel: | N/A |
Website: | https://www.lincolnfinancial.com/public/individuals |
IR: | See website |
Key People | ||
Ellen G. Cooper President, Chief Executive Officer, Director | Christen White Senior Vice President, Head - Group Benefit Claims | Christopher M. Neczypor Chief Financial Officer, Executive Vice President |
Jennifer Warne Krow Chief People Officer, Executive Vice President | Kenneth S. Solon Executive Vice President, Chief Information Officer, Head of IT and Digital | Andrew Rallis Executive Vice President, Chief Risk Officer |
Craig T. Beazer Executive Vice President, General Counsel | Matthew Grove Executive Vice President and Head of Individual Life & Annuities and Lincoln Financial Network | John C. Kennedy Executive Vice President, President - LFD | James Reid Executive Vice President, President - Workplace Solutions |
Business Overview |
Lincoln National Corporation is a holding company, which operates multiple insurance and retirement businesses through subsidiary companies. Its segments include Annuities, Life Insurance, Group Protection and Retirement Plan Services. The Annuities segment provides tax-deferred investment growth and lifetime income opportunities for its clients by offering variable annuities, fixed annuities and indexed variable annuities. The Life Insurance segment provides life insurance products, including term insurance, indexed universal life insurance (IUL) and variable universal life insurance (VUL) products, linked-benefit products, and critical illness and long-term care riders. The Group Protection segment offers group non-medical insurance products and services, including short- and long-term disability, statutory disability and paid family medical leave administration. The Retirement Plan Services segment provides employers with retirement plan products and services. |
Financial Overview |
For the three months ended 31 March 2024, Lincoln National Corp revenues increased 89% to $6.02B. Net income applicable to common stockholders totaled $1.19B vs. loss of $909M. Revenues reflect Annuities segment increase of 11% to $1.27B, Group Protection segment increase of 3% to $1.43B. Net Income reflects Interest and debt expense decrease of 2% to $81M (expense). Dividend per share remained flat at $0.45. |
Employees: | 11,024 as of Dec 31, 2023 |
Reporting Currency: | U.S. Dollars |
Enterprise value: | $7,870M as of Mar 31, 2024 |
Annual revenue (TTM): | $16,737M as of Mar 31, 2024 |
EBITDA (TTM): | $2,009M as of Mar 31, 2024 |
Net annual income (TTM): | $1,267M as of Mar 31, 2024 |
Free cash flow (TTM): | -$3,039M as of Mar 31, 2024 |
Net Debt Last Fiscal Year: | $2,107M as of Mar 31, 2024 |
Shares outstanding: | 170,026,818 as of Apr 29, 2024 |
Index Membership: | S&P 600 Small Cap |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |