Reid James Waltman sold $2.1M of LNC

Lincoln National (LNC) reported Q3 earnings, with life insurance income rising to $130M, group protection margins declining, and annuity sales up 21%. The company expects higher share repurchases in Q4 and improved group protection earnings. Alternative investments returned 16.5%, above target. LNC's risk-based capital ratio remains above its 400% target.

Lincoln National (LNC) reported Q3 earnings with adjusted operating income up 10% YoY, excluding an assumption review. Net income was $1.3B, or $6.77 per share. The company highlighted progress in its transformation, strong capital, and resumed buybacks. Life insurance earnings more than doubled, and annuity sales increased 21% sequentially. However, Group Protection earnings and margins declined, and Retirement Plan Services saw weaker sales and outflows.

Lincoln National Corp (LNC) reported Q3 2026 earnings with adjusted operating income up 10% YoY, excluding an annual assumption review that reduced income by $95M. Life insurance earnings doubled, driven by favorable mortality and investment income. The company completed major capital initiatives, including a reinsurance transaction and share repurchases. However, Group Protection earnings fell short, and annuities earnings declined. Management expects increased capital returns in Q4 and 2027.

Lincoln Financial reported 3Q 2026 revenue of $5.48B, up 20.3% YoY, and net income of $1.33B, up 223.4% YoY. EPS rose 219.3% to $6.77. Growth was driven by annuities, life insurance, and retirement plan services, offset by investment losses and weaker group protection results. The company completed a $6.3B reinsurance transaction.

Lincoln National (LNC) reported Q3 2026 adjusted operating income up 10% YoY, driven by strong alternative investment returns and diversified earnings. The company completed key milestones, including the Talcott transaction and retiring 40% of preferred stock, allowing it to resume share repurchases. Life Insurance and Retirement Plan Services grew, while Group Protection earnings fell short.

Lincoln Financial (NYSE:LNC) expects $3B in RPS net outflows in Q4, with share buybacks increasing from a $50M start. This outlook was shared during the company's Q3 2026 earnings call.