LINCOLN NATIONAL CORP (LNC)

Lincoln National Corp. is a holding company, which operates multiple insurance and retirement businesses through its subsidiary companies. It provides advice and solutions that help empower people to take charge of their financial lives with confidence and optimism. It operates through the following segments: Annuities, Retirement Plan Services, Life Insurance, Group Protection, and Other Operations. The Annuities segment offers tax-deferred investment growth and lifetime income opportunities for its clients by offering fixed and variable annuities. The Retirement Plan Services segment includes employers with retirement plan products and services, primarily in the defined contribution retirement plan marketplaces. The Life Insurance segment focuses on the creation and protection of wealth for its clients by providing life insurance products, including term insurance, both single and survivorship versions of universal life insurance, variable universal life insurance, and indexed universal life insurance products. The Group Protection segment is involved in group non-medical insurance products, which includes term life, disability, dental, vision and accident and critical illness benefits and services to the employer marketplace through various forms of employee-paid and employer-paid plans. The Other Operations segment includes the financial data for operations. The company was founded in 1968 and is headquartered in Radnor, PA.

Address

150 N RADNOR CHESTER RD
RADNOR, PA 19087

Founded

1968

Number of Employees

11,024

Buyback

Buyback Data 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Average
$ Amount Purchased
($ in 000s )
$662,780 $900,268 $678,877 $725,107 $810,136 $630,076 $275,093 $1,105,184 $550,063 - - $704,176
Average Price $52.15 $56.29 $45.27 $69.84 $61.19 $60.61 $56.30 $68.04 $63.48 - - $58.95
# Shares Purchased 12,708,932 15,992,668 14,994,559 10,383,126 13,240,349 10,395,179 4,886,050 16,242,748 8,665,495 - - 11,945,456
Buyback Performance 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Average
Total Return to Date -44.4% -48.5% -35.9% -58.5% -52.6% -52.2% -48.5% -57.4% -54.3% - - -50.8%
S&P 500 Return to Date 181.9% 173.0% 168.6% 129.7% 104.9% 93.1% 74.8% 31.7% 37.3% - - 110.5%
Excess Total Return -226.2% -221.4% -204.5% -188.2% -157.5% -145.3% -123.3% -89.0% -91.6% - - -161.3%
Quartile Rank
Percentile Rank 19% 16% 19% 11% 12% 11% 9% 11% 10% - - 14%
Buyback returns calculated using weighted average buyback price over the last 10 years and comparing to current day stock price value. S&P 500 used as benchmark for excess return.

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