Quarterly ResultMay 7, 2026, 06:13 AM
Lincoln Financial Q1 Adjusted Operating Income $326M; Net Loss $(211)M
AI Summary
Lincoln Financial reported its first quarter 2026 financial results, showing a significant improvement in net loss and growth in adjusted operating income. The company posted a net loss available to common stockholders of $(211) million, or $(1.10) per diluted share, a substantial reduction from the prior year. Adjusted operating income available to common stockholders increased to $326 million, or $1.66 per diluted share, reflecting sustained progress against strategic objectives and a more resilient earnings profile. Holding company available liquidity also improved to $805 million.
Key Highlights
- Net loss available to common stockholders was $(211) million, or $(1.10) per diluted share.
- Adjusted operating income available to common stockholders was $326 million, or $1.66 per diluted share.
- Holding company available liquidity increased to $805 million, net of prefunding amounts.
- Annuities operating income was $275 million, with sales of $3.9 billion, up 4% year over year.
- Life Insurance operating income was $41 million, a $57 million increase from the prior-year quarter.
- Group Protection delivered operating income of $112 million, up 11% year over year.
- Retirement Plan Services reported operating income of $43 million, up 26% year over year.
- Net outflows in Retirement Plan Services reduced to $0.2 billion from $2.2 billion in prior-year quarter.