Lincoln National publishes Q3 2026 earnings call transcript
LNC•LNC•LNC•LNC•Lincoln National reported $339 million in adjusted operating income, including a $95 million annual assumption review charge, and lowered its full-year Group Protection margin outlook to at or modestly below 8%. Management said fourth-quarter share repurchases could reach roughly $100 million.
Lincoln National's November 5 earnings call featured CEO Ellen Gail Cooper, interim CFO Adam M. Cohen and analysts. Management said fourth-quarter share repurchases could reach roughly $100 million, double the preceding quarter's $50 million, with that pace extending into 2027. Adjusted operating income was $339 million, including a $95 million charge from the annual assumption review.
Management lowered its full-year Group Protection margin outlook to at or modestly below 8%, citing disability claims pressure. Retirement Plan Services expects approximately $3 billion in fourth-quarter net outflows, primarily from one large plan termination.
