LNC Earnings Prediction
The chart below shows how LNC performed 10 days before and after its earnings report, based on data from the past quarters. Typically, LNC sees a -0.85% change in stock price 10 days leading up to the earnings, and a -3.07% change 10 days following the report. On the earnings day itself, the stock moves by -0.80%. This data can give you a slight idea of what to expect for the next quarter's release.
LNC Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
3.45B
-38.66%
-34.69%
Gross Margin
--
--
--
Operating Margin
-17.34%
-184.63%
-176.22%
Net Margin
-15.29%
-200.92%
-190.37%
EPS
-3.29
-168.68%
-164.38%
No Data Available
LNC Earnings Analysis
Lincoln National Corp. Corporation (LNC.N) Earnings Conference Call
Positive
Adjusted Operating Income Increase: The third quarter adjusted operating income available to common stockholders was $358 million or $2.06 per share, reflecting an increase of $8 million or $0.05 per share from this year's assumption review.
Alternative Investment Performance: Our alternative investment portfolio delivered an 11% annualized return in the quarter or $100 million.
Annuity Sales Surge: Total annuity sales for the quarter were $3.4 billion, up nearly 25% from the prior year quarter, with increases in all product categories and double-digit growth in spread-based products.
Disability Loss Ratio Improvement: The disability loss ratio was 71%, improving by approximately 5 percentage points year-over-year, reflecting our disciplined pricing approach.
Life Loss Ratio Improvement: The group life loss ratio was 72%, a 9 percentage point improvement versus the prior year quarter.
Negative
Net Loss Reported: The company reported a net loss available to common stockholders of $562 million or $3.29 per diluted share, indicating significant financial distress.
Negative Fair Value Change: There was a negative change of $446 million in the fair value of the GAAP embedded derivative related to the Fortitude Re reinsurance transaction, reflecting adverse market conditions.
Non-Operating Income Impact: The company experienced an unfavorable non-economic impact of $381 million within non-operating income, driven by market risk benefits and lower interest rates.
Operating Income Decline: Operating income for the group was reported at $110 million, down from $44 million in the prior year quarter, indicating a decline in profitability.
Seasonal Earnings Challenges: The company anticipates seasonal headwinds in the fourth quarter, which could impact overall earnings despite previous growth.
LNC FAQs
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LNC Earning Call Sentiment
Lincoln National Corporation (LNC) Q3 2024 Earnings Call Transcript
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00:00
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LNC.N
-0.57%Positive
The earnings call summary shows strong performance in annuity sales, operating income growth, and a high RBC ratio, despite a net loss driven by non-economic impacts. Positive Q&A feedback on free cash flow and annuity demand supports this. However, the lack of clarity on share buybacks may temper enthusiasm. Overall, strong annuity sales, favorable cash flow, and strategic focus suggest a positive stock price movement, with potential upside from growth in annuities and group protection.