Lincoln Financial Q3 Net Income $1.33 Billion; Life Insurance Earnings Rise to $130 Million
Radnor — Lincoln Financial Group reported third-quarter results on Nov. 5: net income available to common stockholders was $1.332 billion, or $6.77 per diluted share, including an unfavorable $0.47 per share impact from its annual actuarial assumption review. Adjusted operating income was $339 million, or $1.72 per share, and $434 million, or $2.20 per share, excluding the review impact. Total revenue rose 14.7% year over year to $5.48 billion.
Excluding the assumption review, annuities operating income was $304 million, up 6% sequentially, and annuity sales were $4.3 billion, up 21% sequentially, with fixed annuity sales more than doubling. Life insurance operating income was $130 million, up sharply from $54 million a year earlier.
Group protection operating income was $77 million, reflecting unfavorable disability claims, while retirement plan services earned $55 million, up 20% year over year. Account values ended the quarter at $359 billion.
Holding company available liquidity rose to $1 billion, about $350 million above year-end 2025. The company resumed $50 million of share repurchases and redeemed $437 million of preferred stock, and in October it closed its reinsurance transaction with Talcott.
Source: Lincoln Financial Group
Published by GSM · USA (original Chinese edition)
Photo: 图：位于北卡罗来纳州 Greensboro 的林肯金融大楼。Taber Andrew Bain from Richmond, VA, USA，CC BY 2.0，经 Wikimedia Commons。 / Photo: The Lincoln Financial Building in Greensboro, North Carolina. Photo by Taber Andrew Bain from Richmond, VA, USA, CC BY 2.0, via Wikimedia Commons.
