Lincoln National Earnings Cheat Sheet: Beats Wall Street Profit Estimates

S&P 500 (NYSE:SPY) component Lincoln National Corporation (NYSE:LNC) reported net income above Wall Street’s expectations for the first quarter. Lincoln National Corp. 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 First Quarter

Results: Net income for Lincoln National Corporation rose to $339 million ($1.05/share) vs. $283 million (85 cents/share) in the same quarter a year earlier. A rise of 19.8% from the year earlier quarter.

Revenue: Revenue was $2.71 billion last quarter.

Actual vs. Wall St. Expectations: The range of estimates for LNC was 89 cents per share to 95 cents per share.

Quoting Management: “First quarter operating results continued our quarterly trend of strong sales and margins, and growing account balances stemming from positive net flows and rising equity markets,” said President and CEO Dennis R. Glass. “The increased base of ongoing operating income was added to by extra investment earnings and positive mortality fluctuations, resulting in a very good earnings start for the year.”

Competitors to Watch: National Western Life Insurance Co. (NASDAQ:NWLI), MetLife, Inc. (NYSE:MET), AEGON N.V. (NYSE:AEG), CNO Financial Group, Inc. (NYSE:CNO), Kansas City Life Insurance Co (NASDAQ:KCLI), Torchmark Corporation (NYSE:TMK), Presidential Life Corp (NASDAQ:PLFE), StanCorp Financial Group, Inc. (NYSE:SFG), Prudential Financial, Inc. (NYSE:PRU), American International Group (NYSE:AIG), Citigroup (NYSE:C), Bank of America (NYSE:BAC) UBS (NYSE:UBS), Wells Fargo (NYSE:WFC), JPMorgan (NYSE:JPM) and Independence Holding Co. (NYSE:IHC).

Today’s Performance: Shares of LNC are up 1.28% in after hours trading.


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