Lincoln National reports Q3 adjusted EPS $2.04, consensus $1.87

Reports Q3 revenue $4.56B, consensus $4.81B. “This quarter’s results underscore the broad-based momentum across Lincoln as we advance our strategic priorities,” said Ellen Cooper, Chairman, President and CEO of Lincoln Financial. “Annuities delivered year-over-year earnings growth driven by higher account balances and an increase in spread income. Life Insurance posted solid results supported by stable mortality and operational efficiencies, while Group Protection continued to execute its profitable growth strategy with another quarter of increased premiums year over year. Retirement Plan Services also reported strong performance, attributable to higher account balances. Across the enterprise, sales were robust and well-balanced, with each business delivering results aligned to its targeted strategies. We continue to see opportunities to invest in the business to drive sustained growth. Our disciplined focus on maintaining capital flexibility, increasing profitability, and leveraging operational efficiencies positions us to deliver long-term shareholder value.”