NYSE$LNC

Lincoln National Corp · Q1 2020 earnings

Q1 2020 earnings · · Investor relations

Briefing

Lincoln National's first quarter earnings decreased compared to the previous year, but adjusted operating EPS increased.

Lincoln National Group reported a net income of $52 million for the first quarter of 2020, a significant decrease from $252 million in the first quarter of 2019. However, adjusted income from operations increased to $465 million, or $2.24 per diluted share. The company returned $304 million of capital to shareholders during the quarter.

  • Net income was $52 million, or $0.15 per diluted share, down 88% year-over-year.
  • Adjusted income from operations was $465 million, or $2.24 per diluted share, up 5% year-over-year.
  • Total Annuity sales increased by 5% to $3.7 billion, with positive net flows of $528 million.
  • Retirement Plan Services deposits increased by 11% to $2.8 billion.

Headline financials

Total Revenue

$4.43B

Previous: $3.97B+11.6%
EPS (adj)

$2.24

Previous: $2.14+4.7%
Free Cash Flow

$52M

Previous: $252M-79.4%
Net Income

$52M

Previous: $252M-79.4%
Operating Income

$44M

Previous: $336M-86.9%
Gross Profit

$1.13B

Previous: $1.53B-26.2%
Cash & Equivalents

$6.2B

Previous: $1.59B+289.3%
Total Assets

$319B

Previous: $314B+1.4%

Revenue & EPS history

Lincoln National · Revenue · Quarterly

$4.43B

Q1 2020+11.6%vs Q1 2019
Beat estimate in 14 of 16 quarters(88%)
ActualEstimate

Revenue by segment

Lincoln National · $9.4B total across 4 segments · Q1 2020

  • Annuities
    $3.7B+0.0%
  • Retirement Plan Services
    $2.8B+0.0%
  • Life Insurance
    $1.8B
  • Group Protection
    $1.1B

Forward guidance

This press release contains forward-looking statements that are subject to risks and uncertainties, and actual results could differ materially.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2020

Historical avgQ1 2020

-0.2%

Avg return

Earnings day

+0.4%

Avg return

5 days after

+0.6%

Avg return

30 days after

50%

36 / 72 earnings

Positive

+7.9%

Q3 2009

Best reaction

-35.5%

Q3 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-4.3%-6.8%-7.7%
Q4 2025+5.6%+8.0%-15.3%
Q3 2025+1.6%+0.7%+2.8%
Q1 2025-1.9%+4.4%-1.7%
Q4 2024+5.9%+13.7%+5.4%
Q3 2024-0.2%-2.4%+5.8%
Q2 2024-9.8%-11.6%-3.6%
Q1 2024+1.5%+5.2%+19.1%
Q4 2023-5.3%-0.9%-0.0%
Q3 2023+6.2%+9.4%+10.8%
Q2 2023-0.9%-2.2%-7.3%
Q1 2023-5.0%-9.9%+10.8%
Q4 2022-3.2%-1.0%-27.6%
Q3 2022-35.5%-38.4%-28.1%
Q2 2022-6.3%-7.6%-8.0%
Q1 2022-5.4%-10.6%-10.8%
Q4 2021-5.5%+0.5%-13.3%
Q3 2021-3.1%-1.1%-11.6%
Q2 2021+5.7%+8.8%+8.9%
Q1 2021+6.1%+7.2%+10.0%
Q4 2020+5.4%+10.8%+23.5%
Q3 2020-4.0%+14.0%+46.4%
Q2 2020-1.6%+7.3%+4.7%
Q1 2020+7.1%+8.7%+45.6%
Q4 2019+6.6%+7.2%-31.5%
Q3 2019-8.8%-3.8%-4.7%
Q2 2019-9.6%-14.7%-20.1%
Q1 2019-0.5%+0.1%-10.9%
Q4 2018+0.7%+0.6%+2.3%
Q3 2018+5.2%+7.2%+4.6%
Q2 2018-3.5%-1.9%-3.7%
Q1 2018-5.4%-2.3%-4.0%
Q4 2017+2.3%-7.0%-12.2%
Q3 2017+1.2%+1.1%+1.0%
Q2 2017-0.6%+0.5%-6.3%
Q1 2017+1.8%+3.7%-0.6%
Q4 2016+1.5%+2.3%+5.4%
Q3 2016+5.2%+6.8%+33.4%
Q2 2016+0.4%+7.8%+12.3%
Q1 2016-5.3%
Q4 2015-4.3%
Q3 2015+5.0%
Q2 2015-0.2%
Q1 2015-1.3%
Q4 2014+1.1%
Q3 2014+1.5%
Q2 2014+0.3%
Q1 2014+0.8%
Q4 2013+2.6%
Q3 2013-0.1%
Q2 2013+7.9%
Q1 2013-6.0%
Q4 2012-0.8%
Q3 2012+1.7%
Q2 2012+6.4%
Q1 2012-4.7%
Q4 2011+0.4%
Q3 2011+2.1%
Q2 2011-6.1%
Q1 2011+0.0%
Q4 2010+2.6%
Q3 2010-3.9%
Q2 2010-0.2%
Q4 2009-0.2%
Q1 2010+4.8%
Q2 2009-0.6%
Q4 2007-0.6%
Q3 2008+7.9%
Q3 2009+7.9%
Q2 2008+6.2%
Q1 2009+6.2%
Q4 2008+6.2%

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