lincoln national corp (LNC) Key Developments
Lincoln National Corporation Approves Increase in Quarterly Dividend, Payable on February 1, 2014
Nov 14 13
Lincoln Financial Group announced that the board of directors of Lincoln National Corporation approved raising the quarterly dividend on its common shares to $0.16 per share. The dividend represents a 33% increase over the prior-year level. The increased dividend on the common stock will be payable on February 1, 2014, to shareholders of record at the close of business on January 10, 2014.
Lincoln National Corporation Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2013; Provides Capital Expenditure Guidance for the Year 2014
Oct 30 13
Lincoln National Corporation reported earnings results for the third quarter and nine months ended September 30, 2013. For the quarter, total revenue was $3,009 million against $2,954 million a year ago. Total operating Revenue was $3,073 million against $2,914 million a year ago. Income from operations was $367 million or $1.34 per diluted share against $362 million or $1.27 per diluted share a year ago. Net income was $337 million or $1.23 per diluted share against $428 million or $1.51 per diluted share a year ago. ROE was 11.7% against 15.8% a year ago.
For the nine months, total revenue was $8,847 million against $8,562 million a year ago. Total operating Revenue was $9,052 million against $8,614 million a year ago. Income from operations was $1,002 million or $3.63 per diluted share against $974 million or $3.36 per diluted share a year ago. Net income was $893 million or $1.23 per diluted share against $992 million or $3.42 per diluted share a year ago. ROE was 10.5% against 12.5% a year ago. As of September 30, 2013, book value per Share, Excluding AOCI was $44.37 against $39.86 a year ago.
The company provided capital expenditure guidance for the year 2014. The company expects to exceed beginning-of-the-year guidance for $400 million of capital deployment.
Lincoln National Corporation Introduces Lincoln DentalConnect(R) Certified Family Plan
Oct 28 13
Lincoln National Corporation announced the launch of the Lincoln DentalConnect(R) Family plan, a new dental plan designed to help employer groups with 2-50 employees work with certain requirements of the Patient Protection and Affordable Care Act (ACA). The Lincoln DentalConnect(R) Family plan is built on Lincoln's PPO platform and offers a variety of plans so employers can choose the right plan for their employees and their families. To assist employer customers, Lincoln has developed the Lincoln DentalConnect(R) Family plan, which offers pediatric dental benefits that satisfy the essential health benefits requirements of the ACA. While the Lincoln DentalConnect(R) Family plan is not offered on any public insurance exchange, it is a certified dental plan in many states. Plan features include: Benefits for preventive, basic, diagnostic and major care services; Flexibility to match a current in-force plan for the adult portion of the family plan; Pediatric children seamlessly transition to the adult plan (upon attaining adult age); Medically necessary orthodontia benefits; Non-medically orthodontia benefits, available as a plan option; New expanded network access to 255,000 in-network dental provider locations, with more than 88,000 unique providers; Discount vision and hearing programs included at no additional charge.
Lincoln Financial Network Appoints Gene Mulligan as SVP for Investment Products and Platform
Oct 21 13
Lincoln Financial Network appointed Senior Vice President for Investment Products and Platform. Mulligan, will be responsible for leading all aspects of LFN's wealth management platform, including its managed account strategy, products and operations. He will report to LFN President, David S. Berkowtiz and will serve on the LFN Executive Committee. He is widely recognized for setting industry standards around managed accounts and led the development of the SMA business at Merrill Lynch. Mulligan joins Lincoln from Merrill Lynch Global Investment Solutions, where as a Managing Director and head of business strategy and development for the Merrill Lynch Global investment and advisory platforms, he played a leading role in growing and overseeing the managed account business. Mulligan also had a key role in Merrill's move to a model portfolio-based program, which currently serves as the market's second larger SMA program.
Lincoln National Corporation Presents at International Centre For Business Information, 3rd Annual Global Derivatives USA Conference, Nov-21-2013 11:40 AM
Oct 4 13
Lincoln National Corporation Presents at International Centre For Business Information, 3rd Annual Global Derivatives USA Conference, Nov-21-2013 11:40 AM. Venue: Swissôtel Chicago, 323 East Wacker Drive, Chicago, IL 60601-9722, United States. Speakers: Eoin Elliffe.