NEW YORK - Lincoln National Corporation (NYSE:LNC) reported fourth-quarter 2024 results that exceeded analyst expectations, with strong performance across its business segments.
The insurance and retirement solutions provider posted adjusted operating earnings of $1.91 per share, surpassing the analyst consensus of $1.83. Revenue for the quarter came in at $5.06 billion, beating estimates of $4.67 billion.
Net income available to common stockholders was $1.7 billion, or $9.63 per diluted share. This included $1.2 billion primarily due to changes in market risk benefits driven by higher interest rates, as well as $587 million related to fair value changes of an embedded derivative.
"We achieved strong results in the fourth quarter of 2024, capping a year that demonstrated our continued momentum to build a solid capital foundation, increase operational efficiency, and deliver profitable growth," said Ellen Cooper, Chairman, President and CEO of Lincoln Financial.
Lincoln’s estimated risk-based capital ratio exceeded 430% at year-end, reflecting a strong capital position.
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