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Dec 31, 2021
Lincoln National Q4 2021 Earnings Report
Lincoln National reported net income of $220 million and adjusted operating income of $286 million for Q4 2021.
Key Takeaways
Lincoln National Group reported a net income of $220 million, or $1.20 per diluted share, for the fourth quarter of 2021. Adjusted income from operations was $286 million, or $1.56 per diluted share. The company demonstrated strong underlying earnings power and robust capital returns to shareholders despite a challenging claims environment.
Net income EPS was $1.20 and adjusted operating EPS was $1.56.
Adjusted operating EPS included a negative impact of $1.08 from elevated pandemic-related claims and a positive impact of $0.16 from above-targeted alternative investment income.
Book Value Per Share (BVPS), including AOCI, was $114.41, down 3%, while BVPS, excluding AOCI, was $78.05, up 9%.
The company repurchased $650 million in shares, including $500 million using proceeds from a block reinsurance transaction.
Revenue by Segment
Revenue & Expenses
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Historical Earnings Impact
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Avg. Return Before/After Earnings
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