Lincoln National: 4Q Earnings Snapshot

RADNOR, Pa. (AP) _ Lincoln National Corp. (LNC) on Wednesday reported fourth-quarter net income of $387 million.

The Radnor, Pennsylvania-based company said it had profit of $1.80 per share. Earnings, adjusted for non-recurring costs and costs related to mergers and acquisitions, came to $2.15 per share.

The results beat Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $2.13 per share.

The insurance and retirement business posted revenue of $4.53 billion in the period.

For the year, the company reported profit of $1.62 billion, or $7.40 per share. Revenue was reported as $16.42 billion.

Lincoln National shares have climbed 15 percent since the beginning of the year, while the Standard & Poor’s 500 index has risen 9 percent. In the final minutes of trading on Wednesday, shares hit $58.97, a decrease of 25 percent in the last 12 months.

This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on LNC at

The post Lincoln National: 4Q Earnings Snapshot appeared first on InsuranceNewsNet.

Source: Insurance

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