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Dec 31, 2022
Lincoln National Q4 2022 Earnings Report
Lincoln National's Q4 2022 earnings were impacted by unfavorable equity markets and notable items, but showed improvement in Group Protection due to lower pandemic-related claims.
Key Takeaways
Lincoln National Group reported a net income of $6 million for Q4 2022, a significant decrease from $220 million in Q4 2021. Adjusted income from operations was $170 million, compared to $286 million in the prior year quarter. The results were impacted by unfavorable equity markets and a net unfavorable notable item of $116 million.
Net income for Q4 2022 was $6 million, or $0.01 per diluted share, compared to $220 million, or $1.20 per diluted share in Q4 2021.
Adjusted income from operations for Q4 2022 was $170 million, or $0.97 per diluted share, compared to $286 million, or $1.56 per diluted share in Q4 2021.
Annuities reported income from operations of $238 million, down 28% compared to the prior-year quarter, with net flows of $137 million.
Group Protection reported income from operations of $47 million, a significant improvement from a loss of $115 million in the prior-year quarter, driven by lower pandemic-related claims.
Revenue by Segment
Forward Guidance
The press release does not contain specific forward guidance. It focuses on actions taken to fortify the balance sheet and improve capital generation, with an emphasis on positioning the franchise for profitable, capital-efficient growth.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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