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Mar 31, 2022
Lincoln National Q1 2022 Earnings Report
Lincoln National reported solid results despite pandemic headwinds and a normal level of alternative investment income.
Key Takeaways
Lincoln National Group reported a net income of $104 million, or $0.58 per diluted share, and an adjusted operating income of $294 million, or $1.66 per diluted share. The results were driven by growth in sales, capital returns, and a strong balance sheet, despite headwinds from the pandemic and alternative investment income.
Net income EPS was $0.58, and adjusted operating EPS was $1.66.
Adjusted operating EPS included a negative impact of $0.96 primarily from pandemic-related claims.
Book Value Per Share (BVPS), including Accumulated Other Comprehensive Income (AOCI), was $85.59, down 16%.
$480 million of capital was returned to shareholders, including $400 million in share repurchases.
Lincoln National
Lincoln National
Lincoln National Revenue by Segment
Revenue by Segment
Annuities Revenue
CapyFin.comLife Insurance Revenue
CapyFin.comGroup Protection Revenue
CapyFin.comRetirement Plan Services Revenue
CapyFin.comOther Operations Revenue
CapyFin.com Forward Guidance
This press release contains forward-looking statements, and actual results may differ materially. Please see the Forward-looking Statements – Cautionary Language at the end of this release for factors that may cause actual results to differ materially from the company’s current expectations.
Revenue & Expenses
Visualization of income flow from segment revenue to net income