Overview

* Lincoln National ( LNC ) Q3 net income $411 mln, adjusted operating income $397 mln

* Adjusted EPS for Q3 was $2.04, reflecting broad-based growth

* Company reports strong growth in annuities and life insurance segments

Outlook

* Lincoln National ( LNC ) did not provide specific financial guidance for future quarters or the full year

Result Drivers

* ANNUITIES GROWTH - Annuities segment saw 6% increase in operating income due to favorable equity markets and higher spread income

* LIFE INSURANCE PERFORMANCE - Life Insurance operating income increased by $40 mln due to stable mortality and higher investment income

* RETIREMENT PLAN SERVICES - Retirement Plan Services reported 5% increase in operating income, driven by favorable equity markets and spread expansion

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 EPS $2.12

Q3 Net $445 mln

Income

Analyst Coverage

* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy", 10 "hold" and 2 "sell" or "strong sell"

* The average consensus recommendation for the life & health insurance peer group is "buy."

* Wall Street's median 12-month price target for Lincoln National Corp ( LNC ) is $42.00, about 4.7% above its October 29 closing price of $40.03

* The stock recently traded at 5 times the next 12-month earnings vs. a P/E of 5 three months ago

Press Release:

For questions concerning the data in this report, contact [email protected]. For any other questions or feedback, contact .

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)