Lincoln National Q1 2020 Earnings Report
Key Takeaways
Lincoln National Group reported a net income of $52 million for the first quarter of 2020, a significant decrease from $252 million in the first quarter of 2019. However, adjusted income from operations increased to $465 million, or $2.24 per diluted share. The company returned $304 million of capital to shareholders during the quarter.
Net income was $52 million, or $0.15 per diluted share, down 88% year-over-year.
Adjusted income from operations was $465 million, or $2.24 per diluted share, up 5% year-over-year.
Total Annuity sales increased by 5% to $3.7 billion, with positive net flows of $528 million.
Retirement Plan Services deposits increased by 11% to $2.8 billion.
Lincoln National
Lincoln National
Lincoln National Revenue by Segment
Forward Guidance
This press release contains forward-looking statements that are subject to risks and uncertainties, and actual results could differ materially.
Revenue & Expenses
Visualization of income flow from segment revenue to net income