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
1©2022 Lincoln National Corporation Third Quarter 2022 Investor Supplement November 2, 2022 Al Copersino Head of Investor Relations203-257-4493InvestorRelations@lfg.comThis document may not be accurate after its date, and LNC does not undertake to update or keep it accurate after such date.
Slide 2: Forward-looking statements – cautionary language
2©2022 Lincoln National Corporation 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 Ref
Slide 3: Forward-looking statements – cautionary language (contd.)
3©2022 Lincoln National Corporation 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 volatilit
Slide 4: 3Q22 annual review of actuarial assumptions
4©2022 Lincoln National Corporation3Q22 annual review of actuarial assumptions Impacts by business unit ( $M, after-tax) 2022 GAAP Impact Life $(2,197) Annuities 217 Group Protection 1 Retirement Plan Services 6Total Operating Impact(1,973)Non-Operating Impact(86)Total GAAP Net Income Impact (2,059)
Slide 5: Policyholder behavior impacts driven by lower lapses, particularly at older ages
5©2022 Lincoln National Corporation Policyholder behavior impacts driven by lower lapses, particularly at older ages1Cumulative policy count of age 75+ policies that have faced a “minimum fund or lapse” decision in Lincoln in-depth GUL study as of prior year available at time of assumption setting.