Lincoln Financial Reports 2026 First Quarter Results

About this update from Lincoln National Corporation

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"Group Protection delivered record first quarter earnings, while Life Insurance and Retirement Plan Services generated strong earnings growth. In Annuities, we achieved another quarter of diversification in new business with a more balanced mix and less market sensitivity.","length":495,"tagName":"p"},{"type":"text","content":""The cumulative impact of the actions we’ve taken — strengthening our capital foundation, optimizing our operating model, and diversifying our business mix — are translating into a more resilient, higher-quality earnings profile. We remain focused on advancing these priorities to further build on this trajectory and create sustainable, long-term value for shareholders."","length":382,"tagName":"p"},{"type":"text","content":" Business Highlights ","length":19,"tagName":"p"},{"type":"text","content":"Our 2026 first quarter performance represents sustained, company-wide progress against our strategic and financial objectives.","length":126,"tagName":"p"},{"type":"text","content":" Retail Solutions ","length":16,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":" Annuities delivered operating income of $275 million, down 5% compared to the prior-year quarter, driven by the impact of the previously disclosed net investment income allocation refinement and unfavorable tax-related items. Adjusting for these items, operating income was up 1%, driven by favorable equity markets and growth in spread income, offset by variable annuity outflows. 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