Date | Price Target | Rating | Analyst |
---|---|---|---|
5/22/2024 | $26.00 → $34.00 | Hold → Buy | Jefferies |
2/12/2024 | $2622.00 | Underperform → Hold | Jefferies |
1/3/2024 | $26.00 | Neutral → Underweight | JP Morgan |
7/26/2023 | Mkt Perform | Raymond James | |
1/9/2023 | $35.00 → $29.00 | Equal Weight → Underweight | Barclays |
1/6/2023 | $55.00 → $36.00 | Overweight → Neutral | JP Morgan |
11/16/2022 | $50.00 → $46.00 | Neutral → Buy | Goldman |
11/4/2022 | $55.00 → $38.00 | Overweight → Neutral | Piper Sandler |
Investors can contact the law firm at no cost to learn more about recovering their losses LOS ANGELES, May 17, 2024 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises Lincoln National Corporation ("Lincoln National" or the "Company") (NYSE:LNC) investors that a lawsuit was filed on behalf of investors that purchased Lincoln securities between November 4, 2020 and November 2, 2022, inclusive (the "Class Period"). Investors are encouraged to contact attorney Lesley F. Portnoy, by phone 310-692-8883 or email: [email protected], to discuss their legal rights, or click here to join the case via www.portnoylaw.com. The Portnoy Law Firm can provide a complimentary case evaluation and
Industry veteran returns to Lincoln to lead its Life Insurance and Annuity businesses as the company continues to strategically realign these at-scale businesses to increase profitable growth with a balanced mix of product solutions to meet customers' needs. Lincoln Financial Group (NYSE:LNC) today announced that Brian Kroll will be appointed Executive Vice President, Head of Retail Life and Annuity Solutions, effective May 16, 2024. Kroll will report to Chairman, President and CEO Ellen Cooper and will be a member of the company's Senior Management Committee. He will be responsible for all aspects of the company's Life Insurance and Annuity businesses, including product manufacturing, un
Wilson overseeing key product, platform and vendor relationships to deliver innovative solutions and services to financial professionals and clients. Lincoln Financial Network (LFN) announced that Adam Wilson has joined as vice president of strategic partnerships, vendor and platform management. Reporting to John DiMonda, senior vice president, head of Lincoln Financial Advisors, Wilson is responsible for overseeing the strategic product partners, platform integration and strategic vendor management as well as tracking and creating new areas of opportunity for LFN. This includes advising senior leadership on strategic and innovative approaches that enhance and maintain LFN's competitive
Christen joins the company from MetLife, bringing more than two decades of leadership and industry experience Lincoln Financial Group (NYSE:LNC) announced today that Christen White has joined as senior vice president, Group Benefit Claims. In this role, White will provide executive and strategic leadership, with a focus on high-quality customer service at every touchpoint in the claims process. She will also oversee the implementation of best practices to enhance the customer experience and improve claim management effectiveness. She will report to James Reid, executive vice president, president of Workplace Solutions. "Our claims team is at the heart of what we do as an organization, as
Tom Faenza appointed Chief Strategy Officer Lincoln Financial Group (NYSE:LNC) today announced that Christopher Neczypor will be appointed Executive Vice President, Chief Financial Officer, effective February 17, 2023. Neczypor, who currently serves as Executive Vice President, Chief Strategy Officer, will succeed Randal Freitag, who is leaving the company. Freitag will remain with Lincoln Financial through the end of the first quarter of 2023 and will work closely with Neczypor to ensure a smooth transition. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230208005612/en/Chris Neczypor, EVP, Chief Financial Officer (Photo: Busin
Grove brings deep expertise in life insurance, annuities, financial advice and managed accounts to the newly created leadership role Lincoln Financial Group (NYSE:LNC) is pleased to announce that Matthew Grove will join the company in July as Executive Vice President, Head of Individual Life & Annuities and Lincoln Financial Network. Grove will be a member of Lincoln's Senior Management Committee and will report to Ellen Cooper, Lincoln's CEO-Elect, who will step into the CEO role after the company's annual shareholder meeting this May. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220429005409/en/Lincoln Financial Group has ap
Lincoln Financial Group (NYSE:LNC) today announced that Jamie Ohl has resigned from Lincoln effective immediately. Richard "Dick" Mucci, former president of the company's Group Protection business until his retirement in 2019, is returning to Lincoln to lead both the Group Protection and Retirement Plan Services businesses on a temporary basis until we complete an internal and external search and a new leader is in place. He will report to CEO-Elect Ellen Cooper and work closely with the business leadership teams. "The Group Protection and Retirement Plan Services businesses are led by strong teams and sound strategies, and with Dick's decades of industry experience and deep knowledge of L
Samantha Hunter brings more than 15 years of experience in development initiatives to support financial professionals and their practice needs Lincoln Financial Network (LFN), the retail wealth management affiliate of Lincoln Financial Group (NYSE:LNC), today announced the appointment of Samantha (Sam) Hunter as Head of Multicultural Markets. In this role, Hunter will focus her efforts on developing and promoting long-term and sustainable programs that help to advance racial equity and inclusion across Lincoln's distribution companies and within the financial planning industry. She will also lead LFN's African American Financial Professional Network (AAFPN) and its mission to support the u
Jerry Lezynski brings more than 30 years of experience in elevating marketing strategies to support financial professionals and their practice needs Lincoln Financial Network (LFN), the retail wealth management affiliate of Lincoln Financial Group (NYSE:LNC), today announced the appointment of Jerry Lezynski as Vice President, LFN Marketing. In this role, Lezynski will work collaboratively with financial professionals on omni-channel marketing strategies that enhance their practices and how they serve their clients. "An integral part of LFN's value proposition is to enable our financial professionals to successfully build their practices and provide best-in-class service and support for t
RADNOR, Pa.--(BUSINESS WIRE)--Lincoln Financial Group (NYSE: LNC) announced today that Craig T. Beazer has been named executive vice president and general counsel, effective today. In his new role, Beazer will oversee all activities for the legal, compliance, government relations and corporate secretary functions of the company, as well as provide strategic counsel to the CEO, senior management team and board of directors. Beazer replaces Leon Roday, who will retire in February following a complete transition of responsibilities. He will report to Dennis R. Glass, president and CEO, and will sit on the company’s Senior Management Committee, which drives the company’s long-term strat
4 - LINCOLN NATIONAL CORP (0000059558) (Issuer)
Jefferies upgraded Lincoln National from Hold to Buy and set a new price target of $34.00 from $26.00 previously
Jefferies upgraded Lincoln National from Underperform to Hold and set a new price target of $2,622.00
JP Morgan downgraded Lincoln National from Neutral to Underweight and set a new price target of $26.00
Raymond James resumed coverage of Lincoln National with a rating of Mkt Perform
Barclays downgraded Lincoln National from Equal Weight to Underweight and set a new price target of $29.00 from $35.00 previously
JP Morgan downgraded Lincoln National from Overweight to Neutral and set a new price target of $36.00 from $55.00 previously
Goldman upgraded Lincoln National from Neutral to Buy and set a new price target of $46.00 from $50.00 previously
Piper Sandler downgraded Lincoln National from Overweight to Neutral and set a new price target of $38.00 from $55.00 previously
Credit Suisse upgraded Lincoln National from Underperform to Neutral and set a new price target of $41.00 from $45.00 previously
BofA Securities downgraded Lincoln National from Buy to Neutral and set a new price target of $40.00 from $78.00 previously
Lincoln Financial Group (NYSE:LNC) announced today that it will report its results for the second quarter ended June 30, 2024 at 6:00 a.m. Eastern Time on Thursday, August 1, 2024. A conference call is scheduled for 8:00 a.m. Eastern Time on the same day. Earnings materials, including the 2024 second quarter Earnings Release, Earnings Supplement, and Statistical Supplement, will be available on the company's Investor Relations web page at www.lincolnfinancial.com/investor. Conference Call Information An audio webcast of the conference call will be broadcast live through Lincoln's website at www.lincolnfinancial.com/webcast. Please log on to the webcast at least 15 minutes prior to the s
Lincoln Financial Group (NYSE:LNC) announced today that the board of directors of Lincoln National Corporation declared a quarterly cash dividend of $0.45 per share on the corporation's common stock. The dividend on the common stock will be payable August 1, 2024 to shareholders of record at the close of business on July 10, 2024. About Lincoln Financial Group Lincoln Financial Group helps people to plan, protect and retire with confidence. As of December 31, 2023, approximately 17 million customers trust our guidance and solutions across four core businesses – annuities, life insurance, group protection, and retirement plan services. As of March 31, 2024, the company had $310 billion in
Nine American Century Variable Portfolio funds join the Lincoln Variable Insurance Products (LVIP) Trust Lincoln Financial Group (NYSE:LNC) and American Century Investments announced today that they are strengthening their partnership by leveraging American Century's investment expertise and Lincoln Financial's platform to provide additional opportunities and an enhanced lineup to support investor needs. On April 4, 2024, shareholders of the American Century Variable Portfolios funds approved the adoption of nine American Century Variable Portfolios by the Lincoln Variable Insurance Products (LVIP) Trust. The adoptions were successfully completed on April 26, 2024. "Lincoln is capital
Lincoln Financial Group (NYSE:LNC) announced today that the board of directors of Lincoln National Corporation has declared a quarterly dividend of $562.50 per share on the corporation's 9.000% Non-Cumulative Preferred Stock, Series D, $25,000 liquidation preference per share, represented by depositary shares each representing a 1/1,000th interest in a share of the preferred stock, holders of which will receive $0.5625 per depositary share (NYSE:LNC). The dividend will be payable June 1, 2024 to holders of record on May 15, 2024. The ex-dividend date will be May 14, 2024. About Lincoln Financial Group Lincoln Financial Group helps people to plan, protect and retire with confidence. As o
Lincoln Financial Group (NYSE:LNC) announced today that it will report its results for the first quarter ended March 31, 2024 at 7:00 a.m. Eastern Time on Thursday, May 2, 2024. A conference call is scheduled for 8:00 a.m. Eastern Time on the same day. Earnings materials, including the 2024 first quarter Earnings Release and Statistical Supplement, will be available on the company's Investor Relations web page at www.lincolnfinancial.com/investor. Conference Call Information An audio webcast of the conference call will be broadcast live through Lincoln's website at www.lincolnfinancial.com/webcast. Please log on to the webcast at least 15 minutes prior to the start of the conference cal
Dual Trigger account option, available with all Lincoln Financial fixed indexed annuities, offers upside growth potential in up, flat or down markets with 100% downside protection Lincoln Financial Group (NYSE:LNC) continues to innovate by introducing the 1 Year S&P 500® Dual Trigger (Dual Trigger) account option for its fixed indexed annuities – designed to provide upside growth potential in up, flat and even down markets. The Dual Trigger offers investors a dynamic solution that is adaptive to the market, providing more growth opportunities with 100% downside protection. This enhancement comes as consumers express concerns about inflation (66%), losing money on investments (42%) and m
Lincoln Financial Group (NYSE:LNC) announced today that the board of directors of Lincoln National Corporation declared a quarterly cash dividend of $0.45 per share on the corporation's common stock. The dividend on the common stock will be payable May 1, 2024 to shareholders of record at the close of business on April 10, 2024. About Lincoln Financial Group Lincoln Financial Group helps people to plan, protect and retire with confidence. As of December 31, 2023, approximately 17 million customers trust our guidance and solutions across four core businesses – annuities, life insurance, group protection, and retirement plan services. As of December 31, 2023, the company had $295 billion
Lincoln Financial Group (NYSE:LNC) announced today that the board of directors of Lincoln National Corporation has declared the following preferred stock dividends: Semi-annual dividend of $1,156.25 per share on the corporation's 9.250% Fixed Rate Reset Non-Cumulative Preferred Stock, Series C, $25,000 liquidation preference per share, represented by depositary shares each representing a 1/25th interest in a share of the preferred stock, holders of which will receive $46.25 per depositary share. Quarterly dividend of $562.50 per share on the corporation's 9.000% Non-Cumulative Preferred Stock, Series D, $25,000 liquidation preference per share, represented by depositary shares each re
Lincoln Financial Group (NYSE:LNC) announced today that it will report its results for the fourth quarter and full year ended December 31, 2023 at 7 a.m. Eastern Time on Thursday, February 8, 2024. A conference call is scheduled at 8:30 a.m. Eastern Time the same day. Earnings materials, including the 2023 fourth quarter and full year Earnings Release and Statistical Supplement, will be available on the company's Investor Relations web page at www.lincolnfinancial.com/investor. Conference Call Information An audio webcast of the conference call will be broadcast live through Lincoln's website at www.lincolnfinancial.com/webcast. Please log on to the webcast at least 15 minutes prior to th
Lincoln Financial Group (NYSE:LNC) announced today that the board of directors of Lincoln National Corporation declared a quarterly cash dividend of $0.45 per share on the corporation's common stock. The dividend on the common stock will be payable February 1, 2024 to shareholders of record at the close of business on January 10, 2024. About Lincoln Financial Group Lincoln Financial Group helps people to plan, protect and retire with confidence. As of Dec. 31, 2022, approximately 16 million customers trust our guidance and solutions across four core businesses – annuities, life insurance, group protection and retirement plan services. As of September 30, 2023, the company had $290 billi
Lincoln Financial Group (NYSE:LNC) announced today that it will report its results for the second quarter ended June 30, 2024 at 6:00 a.m. Eastern Time on Thursday, August 1, 2024. A conference call is scheduled for 8:00 a.m. Eastern Time on the same day. Earnings materials, including the 2024 second quarter Earnings Release, Earnings Supplement, and Statistical Supplement, will be available on the company's Investor Relations web page at www.lincolnfinancial.com/investor. Conference Call Information An audio webcast of the conference call will be broadcast live through Lincoln's website at www.lincolnfinancial.com/webcast. Please log on to the webcast at least 15 minutes prior to the s
Lincoln Financial Group (NYSE:LNC) announced today that the board of directors of Lincoln National Corporation declared a quarterly cash dividend of $0.45 per share on the corporation's common stock. The dividend on the common stock will be payable August 1, 2024 to shareholders of record at the close of business on July 10, 2024. About Lincoln Financial Group Lincoln Financial Group helps people to plan, protect and retire with confidence. As of December 31, 2023, approximately 17 million customers trust our guidance and solutions across four core businesses – annuities, life insurance, group protection, and retirement plan services. As of March 31, 2024, the company had $310 billion in
Claims specialists use new technology to provide claimants with better support and resources for recovery Lincoln Financial Group (NYSE:LNC) today announced the expansion of its efforts to enhance disability insurance claims processes with human-in-the-loop artificial intelligence (AI) technology, leading to better disability claims management analytics, improved claim guidance to assist claimants in their return-to-work journeys and streamlined processes to deliver more value to customers. The enhanced process implemented by Lincoln uses AI to analyze claims data and extract critical insights. This analysis helps support more accurate claim outcomes by providing claims professionals wi
Investors can contact the law firm at no cost to learn more about recovering their losses LOS ANGELES, May 17, 2024 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises Lincoln National Corporation ("Lincoln National" or the "Company") (NYSE:LNC) investors that a lawsuit was filed on behalf of investors that purchased Lincoln securities between November 4, 2020 and November 2, 2022, inclusive (the "Class Period"). Investors are encouraged to contact attorney Lesley F. Portnoy, by phone 310-692-8883 or email: [email protected], to discuss their legal rights, or click here to join the case via www.portnoylaw.com. The Portnoy Law Firm can provide a complimentary case evaluation and
Lincoln Level Advantage 2 offers investors more opportunities for growth with industry-exclusive Capital Group ETF options and control with first-of-its-kind Secure Lock+SM feature Lincoln Financial Group (NYSE:LNC) today announced a new version of its award-winning Lincoln Level Advantage® indexed variable annuity with the launch of Lincoln Level Advantage 2SM index-linked annuity. Building on the innovations of the first generation, Lincoln Level Advantage 2 offers investors even more opportunities for protection and growth with the industry's first indexed accounts that track the performance of Capital Group active ETFs. Lincoln Level Advantage 2, with its newest feature Secure Lock+SM
Industry veteran returns to Lincoln to lead its Life Insurance and Annuity businesses as the company continues to strategically realign these at-scale businesses to increase profitable growth with a balanced mix of product solutions to meet customers' needs. Lincoln Financial Group (NYSE:LNC) today announced that Brian Kroll will be appointed Executive Vice President, Head of Retail Life and Annuity Solutions, effective May 16, 2024. Kroll will report to Chairman, President and CEO Ellen Cooper and will be a member of the company's Senior Management Committee. He will be responsible for all aspects of the company's Life Insurance and Annuity businesses, including product manufacturing, un
With the launch of its newest MoneyGuard solution, Lincoln Financial continues to demonstrate its commitment to the hybrid long-term care space. Lincoln Financial Group (NYSE:LNC) is meeting shifting customer preferences for growth over guarantees1 with the launch of Lincoln MoneyGuard Market Advantage® (2024), issued by The Lincoln National Life Insurance Company, Fort Wayne, IN, and providing consumers with trusted long-term care protection, increased investment options and flexibility, and a tax advantage their portfolio might be missing. Lincoln Financial research shows four in five (83%) consumers who do not currently own an asset-based hybrid life insurance policy say they are int
Lincoln Financial Group (NYSE:LNC) announced today that Lincoln National Corporation will hold its 2024 Annual Meeting of Shareholders (the "Annual Meeting") on Thursday, May 23, 2024, at 9:00 a.m., Eastern Time, in a virtual meeting format via live audio webcast. As described in the company's proxy materials for the Annual Meeting, only shareholders as of the close of business on March 18, 2024, the meeting record date, are entitled to attend and participate in the Annual Meeting. If you are a shareholder as of the record date for the Annual Meeting and you wish to attend the Annual Meeting, please log on to our annual meeting website at www.virtualshareholdermeeting.com/LNC2024. The v
Workplace benefits, financial planning and wellness tools can help This Mental Health Awareness Month, Lincoln Financial Group (NYSE:LNC) announced results from a year-long survey showing the significant impact of finances on stress. In 2023, nearly two thirds of U.S. employees surveyed felt stressed at least half the time and more than half experienced physical symptoms of stress. A total of 85% of stressed workers said finances were a factor and 34% said that stress impacted their health and wellbeing, according to the survey.[1] Finances were a more impactful driver for workers' stress levels than their jobs, their personal relationships, current events, their health or even their sa
Nine American Century Variable Portfolio funds join the Lincoln Variable Insurance Products (LVIP) Trust Lincoln Financial Group (NYSE:LNC) and American Century Investments announced today that they are strengthening their partnership by leveraging American Century's investment expertise and Lincoln Financial's platform to provide additional opportunities and an enhanced lineup to support investor needs. On April 4, 2024, shareholders of the American Century Variable Portfolios funds approved the adoption of nine American Century Variable Portfolios by the Lincoln Variable Insurance Products (LVIP) Trust. The adoptions were successfully completed on April 26, 2024. "Lincoln is capital
JP Morgan analyst Jimmy Bhullar maintains Lincoln National (NYSE:LNC) with a Underweight and raises the price target from $28 to $34.
Jefferies analyst Suneet Kamath maintains Lincoln National (NYSE:LNC) with a Buy and raises the price target from $34 to $38.
9 analysts have expressed a variety of opinions on Lincoln National (NYSE:LNC) over the past quarter, offering a diverse set of opinions from bullish to bearish. In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 1 0 7 1 0 Last 30D 0 0 1 0 0 1M Ago 0 0 0 0 0 2M Ago 1 0 2 0 0 3M Ago 0 0 4 1 0 Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $31.22, a high estimate of $35.00, and a low estimate of $27.00. This current a
Piper Sandler analyst John Barnidge maintains Lincoln National (NYSE:LNC) with a Neutral and raises the price target from $30 to $34.
Lincoln National (NYSE:LNC) has been analyzed by 9 analysts in the last three months, revealing a diverse range of perspectives from bullish to bearish. The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 1 0 7 1 0 Last 30D 1 0 0 0 0 1M Ago 0 0 2 0 0 2M Ago 0 0 4 1 0 3M Ago 0 0 1 0 0 Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $31.11, along with a high estimate of $35.00 and a low estimate of $27.00. This upward trend is
Jefferies analyst Suneet Kamath upgrades Lincoln National (NYSE:LNC) from Hold to Buy and raises the price target from $26 to $34.
This whale alert can help traders discover the next big trading opportunities. Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner. Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. Here's the list of options activity happening in today's session: Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume SOFI PUT SWEEP BEARISH 07/19/24 $7.00 $37.2K 27.6K 922 BAC PUT SWEEP BEARISH 08/16/24 $40.00 $33.6K 6
Wells Fargo analyst Elyse Greenspan maintains Lincoln National (NYSE:LNC) with a Equal-Weight and lowers the price target from $28 to $27.
During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout. Benzinga readers can review the latest analyst takes on their favorite stocks by visiting our Analyst Stock Ratings page. Traders can sort through Benzinga's extensive database of analyst ratings, including by analyst accuracy. Below are the ratings of the most accurate analysts for three high-yielding stocks in the financial sector. Columbia Banking System, Inc. (NASDAQ:COLB) Dividend Yield: 7.12% Wedbush analyst David Chiaverini reiterated a Neutral rating wit
8 analysts have shared their evaluations of Lincoln National (NYSE:LNC) during the recent three months, expressing a mix of bullish and bearish perspectives. The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 0 0 7 1 0 Last 30D 0 0 1 0 0 1M Ago 0 0 3 0 0 2M Ago 0 0 2 1 0 3M Ago 0 0 1 0 0 The 12-month price targets, analyzed by analysts, offer insights with an average target of $30.62, a high estimate of $35.00, and a low estimate of $26.00. This upward trend is apparent, with
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Industry veteran returns to Lincoln to lead its Life Insurance and Annuity businesses as the company continues to strategically realign these at-scale businesses to increase profitable growth with a balanced mix of product solutions to meet customers' needs.
Lincoln Financial Group (NYSE:LNC) today announced that Brian Kroll will be appointed Executive Vice President, Head of Retail Life and Annuity Solutions, effective May 16, 2024. Kroll will report to Chairman, President and CEO Ellen Cooper and will be a member of the company's Senior Management Committee. He will be responsible for all aspects of the company's Life Insurance and Annuity businesses, including product manufacturing, underwriting, new business, inforce operations and strategic planning.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240515629295/en/
Brian Kroll, EVP, Head of Retail Life and Annuity Solutions, Lincoln Financial Group (Photo: Business Wire)
"In our at-scale Life and Annuity businesses, we continue to focus on increasing profitable growth as we realign our product mix to achieve more stable cash flows and higher risk-adjusted returns," said Cooper. "Brian has a proven track record in our industry and here at Lincoln, and his deep expertise and collaborative leadership style will add tremendous value as we take our core competitive advantages in product manufacturing and our differentiated customer service to the next level. As an industry veteran, Brian has been serving as an advisor to our senior management team as we have evolved our strategies in these two businesses, and we're thrilled that he will officially rejoin the Lincoln team as we shift into execution."
Kroll has more than 30 years of industry experience. Previously, he was at Lincoln for 18 years in various leadership roles, most recently leading the Annuity business until 2022. During his time at the company, Kroll had a track record of developing products with strong customer value propositions that delivered high risk-adjusted returns under varying market conditions. He spearheaded the launch of Lincoln's registered index-linked annuity (RILA) product category and expanded its fixed indexed annuity offerings, and throughout his tenure, he served as a critical strategic partner to Lincoln's Distribution organization.
Prior to Lincoln, Kroll held senior product management and actuarial roles across both life insurance and annuities at several large insurance companies, including MetLife, Manulife and SunLife. He has served on executive committees and advisory boards for the ACLI and LIMRA, as well as on the Corporate Advisory Council of the International Association of Black Actuaries. Additionally, in his past tenure at Lincoln, he was an executive sponsor of the company's Latino Business Resource Group.
"I'm excited to return to this great organization to drive execution of the strategic realignment of Lincoln's Life and Annuity businesses," said Kroll. "I look forward to partnering with the leadership team as we focus on growing profitably across a balanced set of products with strong customer value propositions, which also meet the profitable growth objectives that support the company's long-term value creation."
The distribution of Lincoln's Retail Life and Annuity Solutions products continues to be led by John Kennedy, EVP, Chief Distribution and Brand Officer, who reports directly to Ellen Cooper, reflecting the strategic importance of the role. Kennedy will partner closely with Kroll as he joins the organization.
Matt Grove, EVP was previously responsible for Lincoln's wealth management and insurance solutions businesses. Grove will serve as an advisor for a period of time to ensure a smooth transition following the May 6, 2024 close of Lincoln's wealth management transaction with Osaic, Inc.
About Lincoln Financial Group
Lincoln Financial Group helps people to plan, protect and retire with confidence. As of December 31, 2023, approximately 17 million customers trust our guidance and solutions across four core businesses – annuities, life insurance, group protection, and retirement plan services. As of March 31, 2024, the company had $310 billion in end-of-period account balances, net of reinsurance. Headquartered in Radnor, Pa., Lincoln Financial Group is the marketing name for Lincoln National Corporation (NYSE:LNC) and its affiliates. Learn more at LincolnFinancial.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240515629295/en/
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