Lincoln National Corporation

Eight in 10 of Those Surveyed Say Insurance Benefits Other Than Medical Insurance Are a “Must Have or Very Important” From an Employer, According to New Research From Lincoln Financial Group

Retrieved on: 
Monday, November 6, 2023
Mental Health, Insurance, Human Resources, Finance, Baby, Maternity, Accounting, Professional Services, Health Insurance, Consumer, Health, NYSE, Lincoln, Lincoln National Corporation, Emergency, Face, Hospice and palliative medicine, Research, Converse (logic), Mental disorder, LNC, Substance abuse, NICU, Retirement, Recurrence, Accident, Hospital, Communication, Perception, Health insurance, Tutoring

Lincoln’s WellnessPATH® Marketplace also connects individuals with partner companies that offer solutions to help them work toward financial goals, including student loan debt support.

Key Points: 
  • Lincoln’s WellnessPATH® Marketplace also connects individuals with partner companies that offer solutions to help them work toward financial goals, including student loan debt support.
  • Increasingly, they are turning to their employers for benefits that can help protect their financial futures,” said Jimmy Reid, executive vice president, president of Workplace Solutions, Lincoln Financial Group.
  • Includes maternity-related and innovative NICU enhancement benefits designed specifically for expectant mothers; mental disorder and substance abuse treatment benefits.
  • Critical Illness insurance attained age rating option expanded in all 50 states, with unlimited recurrence with no lifetime maximums.

Lincoln Financial Group Receives Regulatory Approval for Reinsurance Transaction With Fortitude Re

Retrieved on: 
Thursday, November 2, 2023
Banking, Professional Services, Insurance, Finance, Lincoln National Corporation, LNC, NYSE, Lincoln, GEROVA Financial Group, Reinsurance, Cryptocurrency

Lincoln Financial Group (NYSE:LNC) announced that it received regulatory approval late yesterday for its previously announced reinsurance transaction with Fortitude Reinsurance Company Ltd. (“Fortitude Re”).

Key Points: 
  • Lincoln Financial Group (NYSE:LNC) announced that it received regulatory approval late yesterday for its previously announced reinsurance transaction with Fortitude Reinsurance Company Ltd. (“Fortitude Re”).
  • The transaction will have an effective date of October 1, 2023, and is expected to close later this month.
  • Under the terms of the agreement, upon closing Lincoln will cede approximately $28 billion of in-force universal life with secondary guarantees (“ULSG”), MoneyGuard® and fixed annuity statutory reserves to Fortitude Re.
  • We expect economic benefits of this transaction to be in line with what we originally communicated.”

Lincoln National Corporation’s Board of Directors Declares Series D Preferred Stock Dividend

Retrieved on: 
Wednesday, November 1, 2023
Professional Services, Insurance, Finance, Lincoln National Corporation, LNC, NYSE, IA Financial Group, Security (finance)

Lincoln Financial Group (NYSE:LNC) announced today that the board of directors of Lincoln National Corporation has declared a quarterly dividend of $562.50 per share on the corporation’s 9.000% Non-Cumulative Preferred Stock, Series D, $25,000 liquidation preference per share, represented by depositary shares each representing a 1/1,000th interest in a share of the preferred stock, holders of which will receive $0.5625 per depositary share (NYSE: LNC PRD).

Key Points: 
  • Lincoln Financial Group (NYSE:LNC) announced today that the board of directors of Lincoln National Corporation has declared a quarterly dividend of $562.50 per share on the corporation’s 9.000% Non-Cumulative Preferred Stock, Series D, $25,000 liquidation preference per share, represented by depositary shares each representing a 1/1,000th interest in a share of the preferred stock, holders of which will receive $0.5625 per depositary share (NYSE: LNC PRD).
  • The dividend will be payable December 1, 2023 to holders of record on November 15, 2023.
  • The ex-dividend date will be November 14, 2023.

Lincoln Financial Group Reports Third Quarter 2023 Results

Retrieved on: 
Wednesday, November 1, 2023
Accounting, Professional Services, Insurance, Finance, Sale, AFS, Incidence, Operation, Treasury, ROE, GAAP, Life insurance, AOCI, Growth, EPS, RBC, Webcast, Lincoln National Corporation, Table, Growing (band), Pharmaceutical industry, Security (finance), Risk management, Video game

Net outflows were $874 million in the quarter compared to net inflows of $322 million in the prior-year quarter.

Key Points: 
  • Net outflows were $874 million in the quarter compared to net inflows of $322 million in the prior-year quarter.
  • Average account balances, net of reinsurance, for the quarter of $151 billion were up 4% from the prior-year quarter.
  • Group Protection reported income from operations of $68 million in the quarter compared to income from operations of $12 million in the prior-year quarter.
  • Lincoln Financial Group will discuss the company’s third quarter results with investors in a conference call beginning at 10:00 a.m. Eastern Time on Thursday, November 2, 2023.

Orange Insurance Exchange Announces Launch and Entry into the Florida Property Insurance Market

Retrieved on: 
Wednesday, November 1, 2023
Insurance, Policy, Secretary of State of Florida, Willkie Farr & Gallagher, Lincoln National Corporation, DNS Certification Authority Authorization, Marketing, Partnership, Real estate, Orange

GAINESVILLE, Fla., Nov. 1, 2023 /PRNewswire/ -- Orange Insurance Exchange ("Orange"), a reciprocal insurer, is pleased to announce its formation and launch in the Florida property insurance market.  Orange is led by CEO Don Matz, an insurance industry veteran who was previously the CEO of Producer's National Corporation and the President of Tower Hill Insurance Group, where he spent two decades developing deep expertise in coastal property insurance underwriting.  Orange has received its Certificate of Authority from the Florida Office of Insurance Regulation and enters the Florida insurance market with the mission of providing a new alternative for property insurance policyholders. 

Key Points: 
  • GAINESVILLE, Fla., Nov. 1, 2023 /PRNewswire/ -- Orange Insurance Exchange ("Orange"), a reciprocal insurer, is pleased to announce its formation and launch in the Florida property insurance market.
  • Orange has received its Certificate of Authority from the Florida Office of Insurance Regulation and enters the Florida insurance market with the mission of providing a new alternative for property insurance policyholders.
  • The formation of Orange follows a challenging period of increased loss activity and excessive litigation in Florida, which created a severely dislocated insurance marketplace.
  • Orange will be supported by its attorney-in-fact, Orange Insurance Managers, and affiliated managing general agency and claims services companies, Inness Insurance Managers and Inness Claims Services.

Reliance Matrix Names Srinivas Jonnada Senior Vice President/Chief Information Officer

Retrieved on: 
Wednesday, October 25, 2023
Professional Services, Other Professional Services, Legal, Insurance, Human Resources, Finance, Consulting, Lincoln, Equity, Shippensburg University of Pennsylvania, Distribution, Matrix, Multimedia, Digital transformation, CIO, DEI, Retirement, Lincoln National Corporation, Information services, Professional, Marketing, Rashtrasant Tukadoji Maharaj Nagpur University, Fazzini, Management, Nursing, Shinka

Reliance Matrix, a leading provider of absence and employee benefits insurance and services, will name Srinivas Jonnada Senior Vice President and Chief Information Officer, effective January 1, 2024.

Key Points: 
  • Reliance Matrix, a leading provider of absence and employee benefits insurance and services, will name Srinivas Jonnada Senior Vice President and Chief Information Officer, effective January 1, 2024.
  • View the full release here: https://www.businesswire.com/news/home/20231025174151/en/
    Albanese joined Reliance Matrix in 2016 after more than 35 years of information services, technology, operations, thought leadership and consulting experience in the insurance and financial services sectors.
  • Jonnada joined Reliance Matrix as Vice President and Chief Technology Officer in 2019.
  • Prior to joining Reliance Matrix, Jonnada led Distribution and Marketing technology initiatives at Lincoln Financial Group for 14 years.

Technology-Driven Transformation: How Technology is Simplifying Annuity Comparisons and Expanding Distribution Channels - ResearchAndMarkets.com

Retrieved on: 
Tuesday, October 24, 2023
Professional Services, Finance, KKR, Interest, Insurance, Ageing, Nationwide Mutual Insurance Company, American International Group, Lincoln National Corporation, Jackson National Life, Complexity, TIAA, Rila Monastery Nature Park, AUM, Growth, COVID-19, Liquidity, Sammons Enterprises, Traction, Pacific Life, MassMutual, International Marxist Group, Life insurance, Financial adviser, Financial services

The distribution of index annuities is also segmented based on distribution channels, with independent agents holding the largest share.

Key Points: 
  • The distribution of index annuities is also segmented based on distribution channels, with independent agents holding the largest share.
  • Buffer variable annuities, offering partial downside protection and participation in market gains, are expected to grow at a significant CAGR.
  • The fixed income variable annuity asset under management (AUM) is projected to grow significantly in the coming years as insurers shift their investment portfolios to mitigate market risks.
  • Increasing Role of Technology: Technology is playing a significant role in simplifying the comparison of annuity products, enhancing transparency, and expanding distribution.

Lincoln Financial Group introduces comprehensive health savings solutions for plan sponsors

Retrieved on: 
Thursday, October 19, 2023
Personal Finance, Insurance, Human Resources, Finance, Health, Consulting, Professional Services, Health Insurance, Research, NYSE, Lincoln, Medicare, HSA, Centers for Medicare & Medicaid Services, LNC, Retirement, Lincoln National Corporation, BPAS, Health savings account, WEX, Johnson Financial Group, Health insurance

Lincoln Financial Group (NYSE:LNC) announced today the launch of an expanded suite of health savings solutions designed to empower retirement plan sponsors with a holistic approach to employee financial wellness.

Key Points: 
  • Lincoln Financial Group (NYSE:LNC) announced today the launch of an expanded suite of health savings solutions designed to empower retirement plan sponsors with a holistic approach to employee financial wellness.
  • The comprehensive offering now includes a fully integrated Health Savings Account (HSA) that serves as a tax-efficient tool to manage qualified medical expenses, achieve savings and pursue retirement readiness.
  • By offering HSAs as part of their benefits package, plan sponsors can empower their employees to take control of their financial future, effectively managing healthcare expenses today while building a robust retirement savings nest egg,” said Ralph Ferraro, senior vice president, Retirement Plan Services, Lincoln Financial Group.
  • The company continues to expand its financial wellness program through its proprietary financial wellness tool, Lincoln WellnessPATH®, and Lincoln’s Financial Wellness Marketplace.

Retirement Wisdom: Insights From Everyday Americans Illuminate a Path to Financial Security

Retrieved on: 
Wednesday, October 18, 2023
Men, Banking, Accounting, Professional Services, Personal Finance, Consumer, Asset Management, Other Consumer, Other Professional Services, Women, Seniors, Finance, Lincoln National Corporation, IRA, LNC, Education, NYSE, Magic, Research, Retirement, Lincoln, SVP, Financial adviser

In an ever-evolving financial landscape, Lincoln Financial Group (NYSE:LNC) continues shedding light on the intricacies of retirement planning through the voices of those who have traveled it before.

Key Points: 
  • In an ever-evolving financial landscape, Lincoln Financial Group (NYSE:LNC) continues shedding light on the intricacies of retirement planning through the voices of those who have traveled it before.
  • Recent research conducted by Lincoln reveals that 37% of US adults express shaken confidence in their retirement preparedness¹ serving as a wake-up call for individuals and financial professionals alike to closely evaluate their retirement strategies.
  • Key findings from the research indicate that a significant portion of consumers are grappling with confidence in their ability to prepare for and manage their finances throughout retirement.
  • The economy, stock market fluctuation and global events are attributed as key influencers for the lost certainty.

Lincoln Financial Group Names Tina Madon as Senior Vice President, Head of Investor Relations

Retrieved on: 
Tuesday, October 17, 2023
Professional Services, Finance, University of Chicago Booth School of Business, Corporate communication, Multimedia, Knowledge, NYSE, Madon, Business, LNC, Lehman Brothers, Lincoln National Corporation, Master of Business Administration, University, SVP, Mischler Financial Group, Focus Financial Partners, Mount Holyoke College, Business administration, Sculptor Capital Management, Merrill (company), Management

Lincoln Financial Group (NYSE: LNC) announced today that Tina Madon has been named senior vice president (SVP), Head of Investor Relations.

Key Points: 
  • Lincoln Financial Group (NYSE: LNC) announced today that Tina Madon has been named senior vice president (SVP), Head of Investor Relations.
  • She will report to Chris Neczypor, executive vice president, Chief Financial Officer and will become part of the company’s corporate leadership group, effective Oct. 25.
  • Earlier in her career, she served as managing director, Head of Public Markets Investor and Creditor Relations at Och-Ziff Capital Management Group, where she led successful investor and creditor relations programs and critical financial efforts.
  • Prior to that, Madon spent nearly a decade at Merrill Lynch, leading global corporate and finance efforts related to operational efficiencies and investor relations.