Lincoln Financial (LNC) · wyniki I kw. 2026 i wycena

Przy wzroście −1,1% rocznie (3-letni wzrost przychodów) wartość godziwa z modelu to $59.98 na akcję — kurs jest o 31% poniżej niej. Obecna cena zakłada wzrost o −6,3% rocznie.

1. Prognoza

   Group Protection is expected to become an increasingly meaningful contributor to Lincoln's higher-quality earnings profile.

   Cytat ze źródła

   “Underpinning these priorities, we are growing the core capital generation of the company, deploying that capital to sharpen our competitive... ...shaped by this approach, providing a foundation for our ability to sustain value creation over time. Results will not always be linear and the economic backdrop can be uncertain, but our momentum is building.”

2. Liczba

   Life Insurance sales increased over 30% year-over-year due to growth across core Life and executive benefits.

   Cytat ze źródła

   “Life Insurance produced solid earnings with sales up over 30% year-over-year, driven by growth across core Life and executive benefits.”

3. Słabnie

   Group delivered operating earnings of $493 million, which reflects the continued benefit of disciplined pricing actions and growth in premium, life and disability experience, and supplemental health.

   Cytat ze źródła

   “Touching briefly on the full year, excluding the impact of our annual assumption review, Group delivered operating earnings of $493... ...67.9% was higher than the record low 64.7% we delivered a year ago, though it remains favorable compared to historical experience and reflects the continued benefit of our disciplined pricing actions. The improvement was broad-based, driven by premium growth of 7%, continued favorability in both life and disability experience, and meaningful growth in our supplemental health...”

Script and answers carried a similar tone, so the script's message held up under questioning.

Zdania, które wpłynęły na ton

“At the same time, we are advancing profitable growth across our businesses, balancing top line momentum with profitability and capital efficiency.”

“We are focused on balancing growth with profitability, with capital efficiency as we continue to grow here, and we're leveraging the strength of our distribution franchise to pivot across products.”

“Expense discipline remains a strategic priority across the organization, and we see continued opportunity to drive efficiency as we advance our transformation with an ongoing focus on leveraging technology to...”