Lincoln National Group reported a net income of $398 million, or $2.01 per diluted share. However, the adjusted loss from operations was $(133) million, or $(0.72) per diluted share. The results were impacted by the annual review process and elevated claims related to the pandemic.
Net income EPS of $2.01 and adjusted operating EPS of $(0.72).
Adjusted operating EPS included $(3.07) from notable items, elevated claims experience from COVID-19, and above targeted alternative investment income.
BVPS, including AOCI, of $111.51, up 11%; BVPS, excluding AOCI, of $71.10, up 3%.
Resuming buybacks in fourth quarter and increased quarterly common stock dividend to $0.42, up 5%
The company is resuming buybacks in the fourth quarter and the board approved an increase in the dividend per share.
Visualization of income flow from segment revenue to net income
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