The earnings call reflected strong strategic execution and growth in key business areas such as Group Protection and Annuities. However, the financial performance was overshadowed by a significant net loss, challenges in the RPS segment, and concerns about ongoing market volatility affecting annuities.

Company Guidance -

Q1 2025

During Lincoln Financial's 2025 first quarter earnings call, management provided guidance that highlighted a significant increase in adjusted operating income by 14% from the previous year, excluding significant items. The company maintained an estimated RBC ratio well above 420%, above their 400% target, to cushion against economic downturns. They reported a 26% increase in earnings and a 120 basis points margin expansion in their Group Protection business. Annuities saw a 33% increase in sales from the prior year, with a notable shift towards spread-based products like RILA, which now constitutes 21% of total account balances. Life insurance sales grew by 7%, and Retirement Plan Services deposits increased by 8%. The strategic partnership with Bain Capital is expected to enhance asset management and accelerate growth in spread-based products. The company remains focused on optimizing their operating model, maintaining a high-quality investment portfolio, and advancing strategic initiatives to deliver sustained shareholder value amidst a volatile market environment.

Adjusted Operating Income Growth

Adjusted operating income increased by 14% year over year, demonstrating continued execution of strategic initiatives.

Group Protection Business Performance

The Group Protection business delivered a 26% year-over-year increase in earnings and 120 basis points of margin expansion.

Annuities Sales Growth

Total annuity sales reached $3.8 billion, marking a 33% increase from the prior year quarter, with a focus on diversified products.

Partnership with Bain Capital

A strategic partnership with Bain Capital was announced, involving a 9.9% equity stake and a $1.4 billion AUM commitment, expected to enhance strategic capabilities and product innovation.

Lincoln National (LNC) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

LNC Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Jul 31, 2025	2025 (Q2)	1.97 / -	1.84	―	―	―
May 08, 2025	2025 (Q1)	1.54 / 1.60	0.41	290.24% (+1.19)
Feb 06, 2025	2024 (Q4)	1.76 / 1.91	1.45	31.72% (+0.46)
Oct 31, 2024	2024 (Q3)	1.61 / 2.06	0.23	795.65% (+1.83)
Aug 01, 2024	2024 (Q2)	1.77 / 1.84	2.02	-8.91% (-0.18)
May 02, 2024	2024 (Q1)	1.10 / 0.41	1.52	-73.03% (-1.11)
Feb 08, 2024	2023 (Q4)	1.31 / 1.45	0.97	49.48% (+0.48)
Nov 01, 2023	2023 (Q3)	1.76 / 0.23	-10.23	102.25% (+10.46)	―
Aug 02, 2023	2023 (Q2)	1.85 / 2.02	2.23	-9.42% (-0.21)	―
May 09, 2023	2023 (Q1)	1.61 / 1.52	1.66	-8.43% (-0.14)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

LNC Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
May 08, 2025	$33.99	$33.37	-1.82%
Feb 06, 2025	$33.31	$35.28	+5.91%
Oct 31, 2024	$32.66	$33.78	+3.43%
Aug 01, 2024	$31.92	$32.64	+2.26%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Lincoln National (LNC) report earnings?

Lincoln National (LNC) is schdueled to report earning on Jul 31, 2025, After Close (Confirmed).

What is Lincoln National (LNC) earnings time?

Lincoln National (LNC) earnings time is at Jul 31, 2025, After Close (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is LNC EPS forecast?

LNC EPS forecast for the fiscal quarter 2025 (Q2) is 1.97.

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