Lincoln National Corp Earnings: Swinging to a Loss After Two Quarters of Profit

S&P 500 (NYSE:SPY) component Lincoln National Corporation (NYSE:LNC) reported its results for the fourth quarter. Lincoln National offers a range of wealth protection, accumulation, and retirement income products and solutions through its multiple insurance and investment management businesses.

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Lincoln National Earnings Cheat Sheet for the Fourth Quarter

Results: Reported a loss of $514.3 million ($1.73 per diluted share) in the quarter. Lincoln National Corporation had a net income of $195.6 million or 60 cents per share in the year earlier quarter.

Revenue: Revenue was $2.57 billion last quarter.

Actual vs. Wall St. Expectations: Lincoln National Corporation reported adjusted net income of $1 per share. By that measure, the company fell in line with the mean estimate of $1 per share. It fell short of the average revenue estimate of $2.77 billion.

Quoting Management: “Lincoln’s 2011 operating results reflect continued strength in flows and deposits across our businesses, ongoing product repricing to achieve targeted returns, and significant capital management activities,” said President & CEO Dennis R. Glass. “We continue to give priority to relative returns in our capital allocation and business decisions, balancing reinvestment in our core businesses with the opportunity to create value through increased share repurchases.”

Key Stats:

The company fell in line with estimates last quarter after topping expectations in the previous two quarters. In the third quarter, it topped the mark by 7 cents, and in the second quarter, it was ahead by 15 cents.

Looking Forward: The outlook for the company’s results in the upcoming quarter is unfavorable. The average estimate for the first quarter of the next fiscal year is 93 cents per share, down from 97 cents ninety days ago. Over the past three months, the average estimate for the fiscal year has climbed from $4.13 per to share to $4.18.

(Company fundamentals provided by Xignite Financials. Earnings estimates provided by Zacks)

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To contact the reporter on this story: Derek Hoffman at

To contact the editor responsible for this story: Damien Hoffman at