Lincoln National Corporation · NYSE:LNC
Lincoln National — Q3 2022 Earnings Presentation
5 slides from Lincoln National's earnings presentation, Nov 2, 2022
Slide 1: Third Quarter 2022 Investor Supplement
Third Quarter 2022 Investor Supplement November 2, 2022 Al Copersino Head of Investor Relations 203-257-4493 InvestorRelations@lfg.com This document may not be accurate after its date, and LNC does not undertake to update or keep it accurate after such date. ©2022 Lincoln National Corporation 1
Slide 2: Forward-looking statements – cautionary language
Forward-looking statements – cautionary language Certain statements made in this presentation and in other written or oral statements made by Lincoln or on Lincoln’s behalf are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 (“PSLRA”). A forwar
Slide 3: Forward-looking statements – cautionary language (contd.)
Forward-looking statements – cautionary language (contd.) • Ineffectiveness of our risk management policies and procedures, including various hedging strategies used to offset the effect of changes in the value of liabilities due to changes in the level and volatility of the equity markets and inter
Slide 4: 3Q22 annual review of actuarial assumptions
3Q22 annual review of actuarial assumptions 2022 Impacts by business unit ($M, after-tax) GAAP Impact Life $(2,197) $2.1B GAAP unlocking charge Annuities 217 • Includes $2.2B operating and $0.1B non-operating Group Protection 1 impacts in Life Insurance Retirement Plan Services 6 o Main driver i
Slide 5: Policyholder behavior impacts driven by lower lapses, particularly at older ages
Policyholder behavior impacts driven by lower lapses, particularly at older ages • Graph displays the cumulative policy count at Minimum funding experience time of each year’s annual review of the 8,000 Large amount of industry numbers of GUL customers age 75+ who 7,000 study data gave confidence fa