Lincoln National (LNC) Misses Q4 EPS by 15c, Revenues Miss

February 3, 2021 4:19 PM EST
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Price: $65.01 --0%

EPS Growth %: -31.7%

Financial Fact:
Insurance fees: 1.38B

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Lincoln National (NYSE: LNC) reported Q4 EPS of $1.78, $0.15 worse than the analyst estimate of $1.93. Revenue for the quarter came in at $4.14 billion versus the consensus estimate of $4.61 billion.

  • Net income EPS of $0.74 and adjusted operating EPS of $1.78
  • Adjusted operating EPS included $(0.96) from elevated pandemic-related claims experience and $0.38 of above targeted alternative investment income
  • Net income ROE, including AOCI, of 2.6% and adjusted operating ROE, excluding AOCI, of 10.1%
  • BVPS, including AOCI, of $118.02; BVPS, excluding AOCI, of $71.59
  • Resumed share repurchases with $50 million completed in the quarter

“Underlying earnings power remained strong in the fourth quarter with both an increase in operating revenues and expense ratio improvement across all our businesses,” said Dennis R. Glass, president and CEO of Lincoln Financial Group. “Though the pandemic continues to impact our financial results, the health and economic environment is showing signs of improvement. When combined with our confidence in our ability to build sales over the year, execute on expense initiatives, accelerate digital capabilities, and continue to return capital to shareholders, we are optimistic about our ability to drive shareholder value.”

For earnings history and earnings-related data on Lincoln National (LNC) click here.



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