Overview

• U.S. financial services firm's Q4 net income was $745 mln, with strong segment performance

• Adjusted operating income for Q4 was $434 mln, driven by broad-based execution

• Life Insurance segment saw significant earnings improvement due to better mortality and returns

Outlook

• Company did not provide specific forward-looking guidance

Result Drivers

• LIFE INSURANCE - Significant earnings improvement due to improved mortality and higher investment returns

• ANNUITIES - Earnings growth driven by favorable equity markets and favorable mortality experience

• GROUP PROTECTION - Premium growth due to strong sales and persistency

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 3 "strong buy" or "buy", 8 "hold" and 3 "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 is $44.00, about 14.3% above its February 11 closing price of $38.50

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

Press Release: ID:nBw7n2M5Va

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(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.)