Lincoln National Earnings Cheat Sheet: Rise in Profit

S&P 500 (NYSE:SPY) component Lincoln National Corporation (NYSE:LNC) reported net income above Wall Street’s expectations for the second 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 Second Quarter

Results: Net income for the life insurance company rose to $325.4 million ($1.01 per share) vs. $255 million (33 cents per share) in the same quarter a year earlier. This marks a rise of 27.6% from the year earlier quarter.

Revenue: Revenue was $2.8 billion last quarter after being $2.6 billion a year earlier.

Actual vs. Wall St. Expectations: LNC beat the mean analyst estimate of 94 cents per share. Analysts were expecting revenue of $2.76 billion.

Quoting Management: “We’re pleased with the results in the second quarter, which reflected strong revenue growth and solid operating performance in our businesses,” said President and CEO Dennis R. Glass. “Sales across our businesses continued to benefit from broad product offerings and consistent distribution presence while margins in the group protection segment improved over the prior year period,” added Glass. “Solid results in the first half of 2011, a strong capital position and accelerated share repurchases in the quarter underscore our confidence in the outlook for Lincoln Financial.” “We’re pleased with the results in the second quarter, which reflected strong revenue growth and solid operating performance in our businesses,” said President and CEO Dennis R. Glass. “Sales across our businesses continued to benefit from broad product offerings and consistent distribution presence while margins in the group protection segment improved over the prior year period,” added Glass. “Solid results in the first half of 2011, a strong capital position and accelerated share repurchases in the quarter underscore our confidence in the outlook for Lincoln Financial.”

Key Stats:

The company has now beaten estimates the last two quarters. In the first quarter, it topped expectations with net income of $1.08 versus a mean estimate of net income of 92 cents per share.

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), and Independence Holding Co. (NYSE:IHC).

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(Source: Xignite Financials)

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