LNC - Lincoln National Non-GAAP EPS of $1.52 misses by $0.01 revenue of $3.81B misses by $780M

2023-05-09 16:32:06 ET

• Lincoln National press release ( NYSE: LNC ): Q1 Non-GAAP EPS of $1.52 misses by $0.01 .
• Revenue of $3.81B (-19.3% Y/Y) misses by $780M .
• Annuities deposits of $3.2 billion, up 17% from the prior-year quarter
• Shifting and reducing Life Insurance sales, driven by a more capital-efficient mix with sales down 16%
• Group Protection operating margin of 5.6%, with a loss ratio of 75%
• Retirement Plan Services trailing-twelve months positive net flows of $2.3 billion.
• Shares -1.86% .

For further details see: