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Lincoln National ( (LNC) ) has provided an announcement.
On February 6, 2025, Lincoln Financial reported its financial results for the fourth quarter and full year ending December 31, 2024. The company achieved a net income of $1.7 billion for the fourth quarter, driven by changes in market risk benefits and the fair value of derivatives. Lincoln Financial’s performance was boosted by strong results in Group Protection and Annuities, with the latter seeing its highest full-year sales since 2019. The company emphasized its strategic focus on building a solid capital foundation and operational efficiency, resulting in positive developments across its business segments, including record sales and earnings in Group Protection and significant growth in Retirement Plan Services, which saw a 25% increase in total deposits for the year.
More about Lincoln National
Lincoln Financial, a company in the financial services industry, offers a range of products including insurance, annuities, and retirement plan services. The company focuses on providing group protection and retail solutions, with a market emphasis on risk-sharing and diversified product offerings.
YTD Price Performance: 8.03%
Average Trading Volume: 1,268,759
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $5.75B
For a thorough assessment of LNC stock, go to TipRanks’ Stock Analysis page.
