$LNC (Lincoln National Corporation)

$LNC {{ '2016-05-27T20:50:27+0000' | timeago}} • Announcement

$LNC said its BoD declared a quarterly cash dividend of $0.25 per share on its common stock. The dividend on the common stock will be payable August 1, 2016 to shareholders of record at the close of business on July 11, 2016.

$LNC {{ '2017-07-10T16:26:12+0000' | timeago}} • Announcement

$LNC appointed Richard Spenner as SVP and head of litigation, effective July 10, 2017. This follows the recent hiring of Steve Harris as SVP and chief ethics and compliance officer in April 2017, as well as the January 2017 appointment of Andrea Goodrich as SVP and corporate secretary.

$LNC {{ '2017-06-30T11:03:39+0000' | timeago}} • Announcement

$LNC appointed Stevan Cohen as national sales manager for its Life Insurance Solutions Distribution BGA channel, effective immediately. Cohen brings over 30 years of industry experience to the position, including 23 years with $LNC, and will report directly to Andrew Bucklee, SVP and head of Insurance Solutions Distribution.

$LNC {{ '2017-06-20T20:08:18+0000' | timeago}} • Announcement

$LNC has named Matthew Condos as VP of Product Management for its Retirement Plan Services business. He will report directly to Ralph Ferraro, SVP, Head of Product.

$LNC {{ '2017-06-19T20:45:39+0000' | timeago}} • Announcement

$LNC said Randal Freitag has assumed oversight responsibility for the company’s Life Insurance business, effective June 19, 2017. In addition to his new responsibility, Freitag continues to serve as the company’s CFO, a position he has held since 2011.

$LNC {{ '2017-06-02T15:48:38+0000' | timeago}} • Announcement

Lincoln Financial Network (LFN), the retail wealth management affiliate of $LNC, announced the election of The Resource Group's 2017 BoD, as well as the appointment of Paul Gydosh as chairman of the Board. All appointments were effective as of the group's annual meeting on April 28, 2017.

$LNC {{ '2017-05-25T18:14:35+0000' | timeago}} • Announcement

$LNC has launched Lincoln Max 6 Select Advantage, a retirement income solution. This offers a combination of 6% income base growth that stacks on prior account value lock-ins, and access to investment options with up to an 80% allocation to equities. Max 6 Select features an initial income withdrawal rate of 6% at age 65 and 5.50% for joint life.

$LNC {{ '2017-05-12T17:40:52+0000' | timeago}} • Announcement

$LNC appointed Tim Seifert as head of Annuity Sales, effective immediately. He reports to John Kennedy, SVP and head of Retirement Solutions Distribution. Seifert joined Lincoln Financial in 2014 to lead Small Market sales for the Retirement Plan Services business.

$LNC {{ '2017-05-04T14:11:17+0000' | timeago}} • Announcement

$LNC reported 106% rise in its 1Q17 earnings, mainly due to $0.19 of favorable items related to one-time tax adjustments. Net income rose to $435MM, or $1.89 per share, compared to $211MM, or $0.83 per share during 1Q16. Revenues rose 7.9% YoY to $3.5Bil from $3.2Bil. Operating EPS was $1.92, up 52%.

$LNC {{ '2017-04-17T17:18:27+0000' | timeago}} • Announcement

$LNC appointed Steve Harris as SVP and chief ethics and compliance officer, effective April 17, 2017. Harris' appointment follows the January 2017 hiring of Andrea Goodrich as SVP and corporate secretary. Harris will lead $LNC's enterprise compliance team, ensuring a comprehensive and effective program that is aligned across its various businesses.

$LNC {{ '2017-03-14T11:26:00+0000' | timeago}} • Announcement

$LNC named Raj Chakraborty as Chief Digital Officer in a newly-created Senior Management Committee position effective March 13, 2017. Raj will directly report to Dennis Glass, President and CEO of $LNC. In his position, Raj will be responsible for developing and implementing an enterprise-wide digital business transformation strategy.

$LNC {{ '2017-02-01T22:42:44+0000' | timeago}} • Announcement

$LNC reported a drop in 4Q16 earnings due to higher expenses, despite a 2.6% rise in total revenue. Net income fell to $190MM or $0.82 per share from $283MM or $1.14 per share last year. Revenue grew to $3.25Bil from $3.17Bil. EPS from operations increased to $1.77 from $1.54.

$LNC {{ '2017-01-17T22:01:36+0000' | timeago}} • Announcement

$LNC said Andrea Goodrich has joined the company as senior vice president and corporate secretary, effective today. In this new role, she will report directly to Kirkland Hicks, executive vice president and general counsel for $LNC.

$LNC {{ '2017-01-09T19:57:36+0000' | timeago}} • Announcement

$LNC announced that Gregg Holgate is joining the company as Senior Vice President and Head of Institutional Retirement Distribution (IRD) for its Retirement Plan Services (RPS) business. He reports directly to Jamie Ohl, President of RPS.

$LNC {{ '2016-11-17T23:52:23+0000' | timeago}} • Announcement

$LNC appointed Robert Klaczak as SVP of Distribution Information Technology division, effective Nov. 7, 2016.

$LNC {{ '2016-11-16T11:47:42+0000' | timeago}} • Announcement

Lincoln Financial Network (LFN), retail wealth management affiliate of $LNC, appointed Scott Witeby as SVP and head of Finance for LFN, effective Nov. 14. Witeby reports directly to David Berkowitz, president of LFN. In his role, Witeby is responsible for LFN's financial strategy and oversight of all finance and accounting activities.

$LNC {{ '2016-11-03T18:48:58+0000' | timeago}} • Webcast

$LNC said the Group Protection business had a good quarter in 3Q16. Each line of business, life, disability and dental improved from the prior year and from the preceding quarter. The company expects the loss ratio in the life business to trend upwards over time.

$LNC {{ '2016-11-03T18:32:12+0000' | timeago}} • Webcast

$LNC had a long-term expectation of 10% return on the alternative investments portfolio. The company came in at 12.4% in 3Q16. This was consistent with movements in the equity markets seen in prior quarters.

$LNC {{ '2016-11-03T18:07:58+0000' | timeago}} • Webcast

In 3Q16, total sales in $LNC’s Life Insurance segment were $193MM, up 12% from 3Q15 as nearly all the product lines generated solid growth. In Retirement Plan Services, earnings were consistent with recent quarters. Deposits in 3Q16 were $1.8Bil, down 5% from 3Q15 due to timing of first-year sales in the Mid-Large market.

$LNC {{ '2016-11-03T17:59:10+0000' | timeago}} • Webcast

$LNC sees the movement towards fee-based products as a significant long-term growth opportunity as it expands the company’s distribution reach into fee-based and registered investment advisors. There is a growing interest in fee-based annuity products and $LNC will refresh its suite of products, which will be ready in 2017, to meet this demand.

$LNC {{ '2016-11-02T22:47:37+0000' | timeago}} • Announcement

$LNC raised its quarterly dividend on its common shares to $0.29 per share. The dividend represents a 16% increase over the prior-year level. The increased dividend on the common stock will be payable on February 1, 2017, to shareholders of record at the close of business on January 10, 2017.

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