09:45 AM EDT, 10/30/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

LNC posted Q3 operating EPS of $2.04 vs. $2.06, topping our $1.80 EPS estimate and the $1.87 consensus view. Operating revenues rose 10.8% vs. our 3%-6% growth forecast, driven by 9% higher investment income, 1.4% premium growth, and 2.4% fee revenue increases. We acknowledge LNC's operational turnaround progress, including strong annuity sales growth of 32% and life insurance sales surging 144% on risk-sharing product expansion, though annuity margins faced compression. Life insurance operating profits rose 13.6% on better investment income and stable mortality trends, while Group Protection profits jumped 37% on improved claim trends with loss ratios improving 30 bps to 68.3%. We applaud steps to rebuild capital and realign operations, but the firm's beta of 1.4 ranks among the highest in the life insurance peer group, closer to private equity firms without appropriate upside growth potential to justify equity market exposure risk, in our opinion.